Ethereum is currently at the forefront of traders’ minds, stirred by recent regulatory developments in the United States.

Co-founder and former Chief Executive Officer (CEO) of MicroStrategy,

In an interesting turn of events, the United States Securities and Exchange Commission (SEC)

Was the decision politically motivated? What does it mean for Ethereum going forward? Will other leading chains benefit too?

Data shows that a lot of long liquidations have piled up on exchanges after the Ethereum ETF approval, which was a sell-the-news event.