Andrew Kang, founder and partner of Mekanizma Capital, stated that Ether could drop to $2,400 following the launch of spot Ether exchange-traded funds (ETF). According to CoinGecko, Ether is currently trading at $3,410. Kang noted that Ether does not attract institutional interest like Bitcoin, there is little incentive to convert spot Ether into ETF form, and network cash flows are insufficient. Kang estimates that spot Ether ETFs will attract only 15% of the flows seen by spot Bitcoin ETFs. However, not everyone agrees with Kang's prediction. Asset management firm VanEck believes spot Ether ETFs could push Ether to $22,000 by 2030.