Record Prediction for Ethereum (ETH) from Bernstein Analysts!

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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