Ethereum ETFs Soar as SEC Approves Options: $2.34 Billion Signals Market Confidence!

The SEC’s approval of Ethereum ETF options couldn’t have come at a better time. With ETH trying to bounce back from a rough start to the year, this move brings much-needed optimism to the market. Over $2.3 billion has already flowed into spot ETH ETFs, and the added flexibility of options could attract even more interest, especially from more prominent players. On the charts, ETH is showing signs of holding its ground above key support, and a fresh golden cross on the MACD hints at a possible bounce. But the skies are not clear yet. Ethereum’s path forward still needs careful watching until staking approval comes through and momentum builds further.

Wall Street Gears Up for More Sophisticated ETH Plays

The approval wasn’t a surprise; Bloomberg ETF analyst James Seyffart even called it “100% expected”, but it’s still an important step. ETF pros like Nate Geraci expect we’ll soon see new funds built around these strategies, designed for investors who want exposure to ETH with a bit more control and flexibility. So far, Ethereum spot ETFs have pulled in $2.34 billion in net inflows, showing strong demand. Adding options into the mix could bring in even more interest, especially from institutional players looking to navigate the ups and downs more strategically.

SEC has approved options trading on spot eth ETFs…

Like w/ btc ETFs, expect to see a bunch of new launches from issuers.

Covered call strategy eth ETFs, buffer eth ETFs, etc. https://t.co/Ndqz4cEBQ2

— Nate Geraci (@NateGeraci) April 9, 2025

Next Stop: Staking Approval?

Looking ahead, the next major milestone for the Ethereum ETF space could be staking approval. If approved, it could lock up a significant amount of ETH, reducing circulating supply and promoting long-term holding, which typically supports a stronger ETH price. Both the NYSE and CBOE have submitted proposals, and a decision on this potential SEC Ethereum approval is expected by the end of October. With a new crypto-friendly SEC chairman in place, market analysts are increasingly optimistic. As Ethereum works to recover from its recent drop below $1,500 and steadies near $1,600, traders are watching closely to see whether this momentum can evolve into a more sustained uptrend in ETH price.

ETH Price Action Analysis of April 10, 2025

The ETH Price on the 5-minute chart started off trading sideways in a tight range between $1,400 and $1,490. During this phase, the RSI frequently flipped between overbought and oversold zones, showing a market that lacked clear direction. Then came a strong spike in price, breaking out of the range with conviction and pushing ETH toward the $1,700 resistance area. This breakout was backed by a golden cross on the MACD, confirming bullish momentum. After the surge, ETH hovered near the highs for a while, but signs of exhaustion crept in as the RSI hit overbought levels multiple times.

Chart 1 – Analyzed by Alokkp0608, published on April 10th, 2025

Eventually, the momentum faded, and ETH began pulling back from its highs. A death cross appeared on the MACD right after the peak, signaling the shift in trend. RSI also showed multiple dips into oversold territory during the retracement, suggesting sellers were gaining the upper hand, at least in the short term. ETH is now trading around $1,590, holding just above the old breakout zone, which might act as new support. Interestingly, another golden cross has just formed on the MACD, hinting at a potential bounce. 

Conclusion: A Boost of Hope, But Caution Still Rules

The SEC Ethereum approval of options trading on Ethereum spot ETFs couldn’t have come at a better time. With the ETH price attempting to recover from a rocky start to the year, this decision brings a much-needed dose of optimism to the market. Over $2.3 billion has already flowed into Ethereum spot ETFs, and introducing options trading adds a new layer of flexibility that could draw even more interest, particularly from institutional investors. On the technical side, the ETH price appears to be holding above key support, and a fresh golden cross on the MACD hints at a possible bounce. Without staking approval and continued momentum, Ethereum’s next move remains uncertain and worth close attention.