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.
In the crypto space there is a lot of analysis that is sometimes unbelievable, but anything can happen at some time, and we have been repeatedly shown by bull markets that are beyond anyone's expectations. and even if an ETF is approved it doesn't mean it has 100% accuracy that the price of ethereum will increase. but we still have to be alert, if it really increases then be ready to take advantage of the opportunity to benefit from it.