Crypto NewsAnalysisRecord Prediction for Ethereum (ETH) from Bernstein Analysts!

Record Prediction for Ethereum (ETH) from Bernstein Analysts!

Bernstein analysts predicted that the ETH price would rise 75% to $6,600 following the approval of the spot Ethereum ETF.

Follow Bitcoin Sistemi Google News Button

As the deadline for the SEC to make a decision on the VanECK spot Ethereum ETF application approaches, Bernstein analysts evaluated the price implications of possible ETF approval.

Bernstein analysts Gautam Chhugani and Mahika Sapra predicted a 75% increase in ETH price to $6,600 following spot Ethereum ETF approval in a recent report, DL News reported.

Related News  Awaiting Ethereum ETF Approval, Standard Chartered Announces Price Target!

Analysts, who based their predictions on the spot Bitcoin ETFs approved in January, said they expected a similar increase for ETH:

“In the weeks after the SEC approved a similar Bitcoin product in January, the price of Bitcoin experienced a 75% increase.

We expect similar price movement for ETH.

“If there is a similar 75% increase in ETH, this means the ETH price will rise to $6,600.”

Analysts recently noted that the increased likelihood of approval in spot ETH ETFs also contributed to increased optimism about Ethereum's rise after an unstable few months.

*This is not investment advice.

Buradaki Yorumlardan Bildirim Al

Inline Feedbacks
View all comments

Popular Posts of the Week