Ethereum Price Prediction: Experts Say ETH Could Surpass $5,000 Once ETF Approved
CryptoNewsTerminal Staff03 Jun, 2024
Ethereum Price Prediction: Experts Say ETH Could Surpass $5,000 Once ETF Approved
Ethereum Price Predictions Skyrocket as ETF Approval Looms The crypto community eagerly anticipates the approval of a physical Ethereum ETF, a move that industry experts believe could propel ETH's price well above its current levels. Analyst Optimism: Galaxy Digital CEO Mike Novogratz asserts that the shifting political climate has influenced the SEC's stance on Ethereum ETFs, paving the way for approval. David Brickell, Global Head of Distribution at FRNT Financial, predicts that the approval of an Ethereum ETF could drive the cryptocurrency's price to unprecedented heights, surpassing $5,000 by the end of June. Institutional Demand: OKX's Lennnix Lai expects a significant influx of institutional capital into Ethereum upon ETF approval, with an estimated $500 million flowing in during the first week alone. Previous Related News: [Previous related news articles can be added here if available]
