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TechFlow reports, Matrixport stated that Ethereum's price recorded its largest single-day gain ever on May 20, driven by expectations that the SEC might approve an Ethereum ETF.
The previous largest gain occurred in May 2021, when DeFi trading volume peaked and Ethereum staking was highly popular. In contrast, the two major surges in 2024 were policy-driven, linked to developments involving the SEC and FOMC meetings.
Matrixport stated that Ethereum's price recorded its largest single-day gain ever on May 20, driven by expectations that the SEC might approve an Ethereum ETF. The previous largest surge occurred in May 2021, when DeFi trading volume peaked and Ethereum staking was booming. In contrast, the two major rallies in 2024 were policy-driven, linked to developments surrounding the SEC and FOMC meetings.
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