Retail investors underestimate the second-largest cryptocurrency by capitalization, which can show a new historical maximum faster than other digital assets. A similar point of view was voiced by the founder of MN Trading, Michael van de Poppe.

According to the expert, the capitalization of the BlackRock ETH fund previously exceeded $500 million, which indicates serious demand from institutional investors.

At the same time, users on social networks talk about bearish market sentiment, and some admit the continuation of the correction of Ethereum. Michael van de Poppe believes that this is a consequence of underestimating the development of the ETH ecosystem.

As one of the prerequisites for the growth of ether, the specialist called the approval of an Ethereum-based ETF, which is expected in the United States in the near future. A similar forecast was previously given by the founder of the ETF Institute, Nate Geraci, as he did not see "good reasons" for the delay.

Exciting to see the growing interest in Ethereum from institutional investors! The potential approval of an Ethereum-based ETF could definitely be a game changer for the cryptocurrency. Let's stay tuned for further developments in the market! 🚀 