Crypto investor Arthur Cheong believes Ethereum (ETH) is poised for a rally before the launch of exchange-traded funds (ETFs) for the cryptocurrency.
Pre-ETF Surge
Cheong predicts ETH could jump by 14% from its current value of $3,957 to $4,500 before spot ETH ETFs become available for trading.
Retail Demand
Cheong anticipates strong demand for spot ETH ETFs from retail investors, similar to the demand seen for spot Bitcoin (BTC) ETFs. He notes that many retail investors first purchased ETH and believes the decentralized technology behind it will excite them.
ETF Impact
Matt Hougan, from Bitwise, predicts billions of dollars will flow into ETH ETFs, potentially pushing the price of ETH beyond its all-time high of $4,900.
Current Market
At the time of writing, ETH is trading at $3,957, up over 3% in the last 24 hours.
