According to Matrixport analysis, the SEC expects to likely approve the Ethereum ETF this week. On May 20, the SEC asked the ETF exchange to revise the application. Three days later, it approved the 19b-4 application, but the S-1 application is still pending. ETH rose 20% during this period. Due to the July 4 holiday, the SEC may delay the decision until the week of July 8. If the SEC takes action this week, the ETH price may rebound.