The price of Ethereum (ETH) has increased by 3% after Cboe BZX filed a request with the SEC for Fidelity to allow staking within its Ethereum ETF. Other companies, such as Grayscale and 21Shares, have also filed similar requests. Staking involves using crypto assets to earn passive income by contributing to a blockchain's security. The recent filing follows changes at the SEC and the resignation of former Chair Gary Gensler. If staking is allowed, it is predicted that Ethereum ETFs could surpass Bitcoin ETFs. However, Ethereum ETFs have experienced negative flows recently. The price of Ethereum is currently finding support at $1,750 and could test the $2,850 resistance level. A drop below $1,500 could potentially send the price towards $1,000.



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