Ethereum News: SEC Postpones Decision on Ether ETF Options Trading Until May 2025

In a significant development for the Ethereum ecosystem, the U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision regarding the approval of options trading for Ether exchange-traded funds (ETFs). This move has raised questions and prompted reassessment among market participants.

US SEC Delays Ether ETF Options on the CBOE

The U.S. Securities and Exchange Commission (SEC) has postponed a decision on approving options trading for Ether exchange-traded funds (ETFs), extending its review period beyond the initial deadline. The proposal, submitted by asset managers including BlackRock and Fidelity, seeks to introduce options trading for Ethereum ETFs. The agency has postponed the final ruling until May 2025, according to a Feb. 28th filing. This move prompts reassessment of market protocols and fuels debate on balancing innovation with investor security.

Ethereum Faces Bearish Pressure, Sentiment Hits 12-Month Low

Ethereum (ETH) hit a new yearly low of $2,076 today, weakening sentiment. Over the past 30 days, ETH has dropped 28% and shed over $230 billion in market capitalization. Data shows sentiment around Ethereum is at its lowest point in a year. If ETH falls below $2,000, it could trigger additional losses and intensify bearish sentiment.

Zelenskyy’s Comment Causes ETH Volatility; Market Reacts

Ethereum (ETH) faced immediate volatility on Saturday after Ukrainian President Volodymyr Zelenskyy’s remark triggered a market reaction, causing ETH to drop 1.9% to $2,185. However, the cryptocurrency quickly rebounded, surging to an intra-day high of $2,277 amid Optimism surrounding Trump’s upcoming Crypto Summit. Despite this brief recovery, Ethereum is now facing renewed downward pressure, with the price dropping back down to $2,185 due to extended trendline resistance around $2,275. Geopolitical tensions continue to impact crypto markets, with a particular effect on ETH.

Ethereum Key Support at $1,890 Amid Market Correction

Ethereum (ETH) has declined by 17.08% in the past week, reaching as low as $2,104. The market sentiment remains bearish, with analysts spotlighting potential key support levels. According to Glassnode’s Cost Basis Distribution (CBD) metric, Ethereum is poised for a decline to $1,890, which represents its next major accumulation zone. CBD is used to identify significant levels of an asset’s accumulation or distribution, often acting as support or resistance.