Ethereum ETFs on the Horizon
The US Securities and Exchange Commission (SEC) is expected to approve the first spot Ethereum ETFs by July 4th. Industry experts believe this could lead to a significant price increase for Ethereum.
Cautious Optimism
While the launch of Bitcoin ETFs was a major success, experts predict that Ethereum ETFs may not see the same level of inflows due to Ethereum’s smaller market size and lower trading volume.
Bullish Outlook
Despite the cautious outlook, some experts believe Ethereum has the potential to rally towards $7,500. They point to historical patterns and technical analysis as evidence for this prediction.
Market Sentiment
Overall, market sentiment is leaning towards Ethereum reaching $7,000 and Bitcoin’s first attempt at $100,000. At the time of writing, Ethereum is trading at $3,460, up over 3% in the past 24 hours.
