Odaily News Matrixport published today's chart and said that on May 20, the ETH ETF made great progress, and the SEC asked the exchanges that submitted ETFs to amend their applications. Three days later, on May 23, the SEC approved the 19b-4 document, but the ETF issuer's S-1 application was still not approved, and ETH subsequently rose 20%. Due to the July 4th holiday and the long weekend, the SEC may postpone approval until the week of July 8 (today). Matrixport pointed out that since ETH has fully reflected the positive approval sentiment, if the SEC takes action this week, the ETH price may rebound.