Ethereum Price Predictions: Where Will ETH ETF Approval Take the No. 2 Crypto?
Are you curious about where Ethereum (ETH) prices are headed next? Well, you’re not alone! The recent news about the Securities and Exchange Commission (SEC) potentially approving an ETH exchange-traded fund (ETF) has investors buzzing with excitement.
The SEC reaching out to firms for amended filings to allow for spot ETFs has raised the chances of approval from 25% to 75%, according to Bloomberg ETF analysts. The deadline for the SEC to weigh in on VanEck’s spot Ether ETF is coming up on May 23, so all eyes are on the regulatory agency this week.
So, what are the experts predicting for Ethereum’s price once the ETF approval news breaks? Binance is offering a 30-day estimate of $3,791.49 per token, while CoinPedia is bullish on the idea that ETH could surpass its previous all-time high of $4,891. CryptoNews also sees the potential for Ethereum to climb back into the $4,000 range with ETF approval.
As of now, Ethereum is trading at $3,776.74, up 22% over the past 24 hours. With so much anticipation surrounding the ETF approval news, investors are eagerly awaiting the outcome to see how high ETH could go.
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Stay tuned for more updates and analysis on Ethereum and the broader crypto market. The future of decentralized finance is unfolding before our eyes, and it’s an exhilarating time to be a part of this digital revolution. Don’t miss out on the latest developments – stay informed and stay ahead of the curve.
