July 3 (Cointime) - Last week, the crypto market was affected by the SEC's announcement that it found the Bitcoin Spot ETF filings of BlackRock and Fidelity, among others, inadequate. This caused a decline in cryptocurrency prices. However, Ethereum has since recovered and is now aiming for the $2,000 level, with positive sentiment returning to the digital asset.

Approval from the SEC for an Ethereum Spot ETF could serve as a catalyst for a rally towards $2,500 and potentially trigger another bull season for the market. Currently, ETH is trading at $1,967 with a 2.68% increase in the last day and a 3.88% increase in the last week.