ETH rallied alongside Bitcoin as new spot ETF news emerged, and the altcoin could benefit from the failure of its layer-1 competitors.
![](https://wecoachcrypto.com/wp-content/uploads/2023/11/6f24d933-1b39-4f8a-bb8c-8db90a449181-I8LQA9.jpeg)
ETH rallied alongside Bitcoin as new spot ETF news emerged, and the altcoin could benefit from the failure of its layer-1 competitors.