Ethereum
Ethereum Price Predictions: Where will ETH ETF approval take the #2 crypto?
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Ethereum (ETH-USD) price predictions are a hot topic Tuesday, as the likely approval of an ETH exchange-traded fund (ETF) has investors excited this morning.
The big news here is that the United States Securities and Exchange Commission (SEC) is reaching out to companies that would offer ETH ETFs. The agency is search for updated records which would be amended with new rules to allow spot ETFs.
The reason this is exciting is that it improves the chances of the SEC approving ETH ETFs. Bloomberg ETF analysts James Seyffart and Eric Balchunas say this increases the chances of approval from 25% to 75%.
Investors are awaiting news on Ethereum ETFs which is expected to arrive this week. THE deadline for the SEC to intervene VanEck The Ether spot ETF is May 23.
This raises questions about how high ETH could reach alongside ETF approval. Let’s check it out below with the latest Ethereum price predictions!
Ethereum Price Forecast
- Binance offers a 30-day Ethereum price estimate of $3,791.49 per coin.
- CoinPedia is next on our list with its bullish estimate that the ETF news could push ETH above its previous all-time high of $4,891.
- CryptoNews also argues that the approval could bring Ethereum back into the $4,000 range.
To put these price predictions into perspective, Ethereum was trading at $3,776.74 at the time of writing. Investors will notice that ETH is also up 22% over the previous 24 hours on Tuesday morning.
Investors will want to stick around to learn more about the latest crypto news!
We’ve got all the hottest market coverage worth reading on Tuesday! Among these is a comparison of actions memes and meme cryptos, a detailed overview of crypto tokenization and more. All this news is available on the links below!
More Tuesday Crypto News
As of the date of publication, William White did not hold (either directly or indirectly) any positions in any securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publishing Guidelines.
Article printed from InvestorPlace Media, https://investorplace.com/2024/05/ethereum-price-predictions-where-will-eth-etf-approval-take-the-no-2-crypto/.
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