Ethereum (ETH) has taken center stage in the cryptocurrency market today, driven by a dramatic shift in sentiment regarding the potential approval of Spot Ethereum ETFs in the United States. Following months of regulatory ambiguity, recent rumors and updated filings suggest that the Securities and Exchange Commission (SEC) may be pivoting toward a more favorable stance. This speculation has triggered a significant uptick in buying pressure, with ETH outperforming Bitcoin and the broader altcoin market over the last 24 hours. On-chain data reveals a spike in whale activity, with large holders accumulating positions in anticipation of a positive verdict. Furthermore, the network's fundamentals remain robust; the burn rate of ETH continues to exceed issuance during peak network usage, reinforcing the asset's deflationary mechanics. Gas fees have seen a moderate increase, indicative of rising activity across the DeFi and NFT sectors on the mainnet. Technical analysis shows Ethereum breaking through critical resistance levels that had previously capped price action for weeks. If the ETF approval materializes, analysts predict a substantial inflow of institutional capital similar to what was observed with Bitcoin, potentially propelling ETH to retest its historical all-time highs in the near future.