#Ethereum
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Asset management firm AllianceBernste posits that Ethereum (ETH) might be the only cryptocurrency to follow Bitcoin in receiving the green light from the U.S. Securities and Exchange Commission (SEC) for the launch of an exchange-traded fund (ETF). Analysts from the firm estimate a 50% chance of an Ethereum ETF being approved by May 2024, with the likelihood nearing 100% by the end of the year. 
Monad's blockchain has entered the Devnet phase, promising an unparalleled 10,000 TPS (transactions per second) per block—quintupling Tron's performance metrics. Its full compatibility with Ethereum, according to the developers, is achieved through an innovative Ethereum Virtual Machine (EVM) designed for parallel processing. 
Eric Balchunas, the Senior ETF analyst at Bloomberg, has scaled back his optimism regarding the approval of a spot Ethereum ETF, now assessing the chances at 35% by the May deadline. He emphasizes, however, that approval remains a possibility, especially looking ahead to the longer term. 
Valkyrie Chief Investment Officer Steven McClurg believes that a spot Ethereum ETF is unlikely to come soon, though it could be approved by 2026. He advises against drawing parallels with the Bitcoin ETF, highlighting significant differences between the two cryptocurrencies. 
BTC, ETH and PAXG Price Analysis for February 12, 2024
Throughout the weekend, Bitcoin hovered around the $48,000 mark, with the overall volatility in the cryptocurrency market predictably minimal. Here's an overview of the market dynamics for Bitcoin (BTC), Ethereum (ETH), and Pax Gold (PAXG) as of Monday, February 12. 
BTC, ETH and PAXG Price Analysis for February 5, 2024
The cryptocurrency market had a tranquil weekend, with Bitcoin (BTC) and other cryptocurrencies not experiencing significant volatility. Here’s an analysis of the market situation for Bitcoin (BTC), Ethereum (ETH), and Pax Gold (PAXG) as of Monday, February 5.