Ethereum price has slid 7% in the last 48 hours, breaking below the $3,000 mark on Wednesday, May 8, amid intense speculations surrounding ETH ETF speculations. However, spikes in ETH network usage suggest a major rebound phase lies ahead. Grayscale Pulls Ethereum Futures ETF Application: On May 7, Grayscale, the world’s largest cryptocurrency asset manager announced the decision to withdraw its application for Ethereum futures ETFs ahead of SEC decision. {chart} Grayscale’s Grayscale’s decision to withdraw ETH Futures ETF application now adds a layer of uncertainty to the prospects of SEC approving spot Ethereum ... (full story)