SEC’s VanECK spot Ethereum ETF As the deadline for a decision on its application approached, Bernstein analysts evaluated the price implications of possible ETF approval.
According to DL News Bernstein analysts Gautam Chhugani and Mahika Sapra predicted in a recent report that the ETH price will rise 75% to $6,600 following the spot Ethereum ETF approval.
Analysts based their predictions on spot Bitcoin ETFs approved in January. ETH He said that they expect a similar increase for:
“Bitcoin price surged 75% in the weeks after the SEC approved a similar Bitcoin product in January.
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.
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