Just be patient a little longer
Analysts predict ETH will reach at least 6,000 USD after the ETF is approved
Analysts believe that breaking the previous all-time high of 4,800 USD is just a matter of time.
Analysts say the path has been cleared for Ethereum to break its previous all-time high and climb to at least 6,000 USD after the U.S. Securities and Exchange Commission approves the spot Ethereum exchange-traded fund.
Michael Van de Poppe, CEO of MN Trading, stated that ETH is expected to increase an additional 60% to at least 6,000 USD in the coming months.
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, then the price prediction for Ethereum could be in the range of 5,500-6,500 USD per Eth.”
Investors speculate that the spot ETH ETF will drive billions of dollars in capital from institutional investors.
According to data from The Block, Bitcoin ETF funds have attracted about 40 billion USD in assets since being approved in January.
The Singapore-based cryptocurrency investment firm QPC Capital has also touted a potential 60% price increase. In a Telegram broadcast on Thursday, the company said if the Ethereum ETF follows the Bitcoin ETF after being approved in January, Ether could see a price of 6,000 USD.
Standard Chartered's target is higher, predicting ETH could reach 8,000 USD by the end of this year and 14,000 USD by 2025, according to a research note published before the ETF approval last week.
