https://cryptoslate.com/ethereum-price-approaches-3k-amidst-spot-etf-anticipation-dencun-upgrade
Analysts of Bernstein believes a spot ETH ETF is a near certainty within one year.
~
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.
Well, it shows that the acceptance of a Spot Bitcoin ETF will create a domino effect towards other altcoins, and that starts with Ethereum, and I hope it will end there. Analysts of Bernstein believes a spot ETH ETF is a near certainty within one year.
~
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.
I guess like what happened with Bitcoin a few months after a Spot Bitcoin ETF got accepted, many investors are also excited and don't want to leave the train that's why they're investing in Ethereum anticipating that a Spot Ethereum ETF will get accepted after a few months. I always thought that the reason why the price is increasing is because of the upcoming Dencun Upgrade.
Nevertheless, it's good to see Bitcoin surpassing the $3,000 price, and it's only the beginning of it's surge. I will not be surprised if Ethereum will reach $5,000 by the end of the year for some reasons, but I might buy more Ethereum because... why not. It's the 2nd largest coin right now in terms of market cap.