Analysts predict ETH will reach at least $6,000 once the ETF is approved
Analysts say it is only a matter of time before breaking the previous all-time high of $4,800.
The path is clear for Ethereum to break its previous all-time high and climb to at least $6,000, analysts say, after US securities regulator approved Ethereum Exchange Traded Fund delivered immediately.
Van de Poppe said: “If Ethereum reaches 0.08 BTC in the upcoming period and Bitcoin stabilizes at its current price or reaches a slightly higher all-time high, the price prediction for Ethereum could lie between 5,500-6,500 USD per Eth.” Mr.Van de Poppe ( CEO of MN Trading), said ETH is expected to increase another 60% to at least $6,000 in the coming months.
Singapore-based crypto investment firm QPC Capital has also touted a 60% upside. In a Telegram broadcast on Thursday, the company said if the Ethereum ETF follows the Bitcoin ETF after its approval in January, Ether could see a price of $6,000.
Standard Chartered's target is higher, predicting ETH could reach $8,000 by the end of this year and $14,000 by 2025, according to a research note published ahead of ETF approval last week.
Levitt said: “The start of ETH ETF trading would be enough of a catalyst to push ETH to new all-time highs. If inflows are similar to BTC ETF inflows then price is expected to skyrocket.”
Both Van de Poppe and Levitt stated that investors should buy Ethereum in the near future.
ETH price prediction is expected to reach $$$ in this promising month of June!!!!!!!!!!!!
