https://cryptoslate.com/ethereum-price-approaches-3k-amidst-spot-etf-anticipation-dencun-upgradeAnalysts of Bernstein believes a spot ETH ETF is a near certainty within one year.
The price of Ethereum (ETH) approached $3,000 on February.19 amidst anticipation concerning development that are expected to occur in the coming months. The Ethereum is ranked #2 (no: 2) by market cap and the price is up to 2.69% over the past 24 hours. Ethereum has a market capitalization of $356.82 billion with a 24 hours trading volume of 15.44 billion dollars.
Analysts at the company predicted a 50% chance that a spot Ethereum ETF will be approved by MAY and a near-certain chance that such a fund will be approved within one year. This is a very good increase in the crypto world as another trading market will be approved soon and the awaited miners of this Ethereum will finally benefit from another crypto currency, especially now that dollar has a very high value in the trading market.
Ethereum is in a good position throughout the month of February. We've seen Ethereum hit $3000 again in the past few years. Every investor in ethereum is now in great profit who bought from many dips have had great success today. I am an Ethereum investor myself and I am currently making a lot of profits from Ethereum. But I'm keen to my investments now I'm definitely looking forward to the next ETF approval and bull market. I expect that Ethereum will definitely make a good position when the bull season starts in the market but I think it can stay up to $10k in the bull market. So those of you who haven't invested can continue to invest so as not to miss the upcoming bull market.