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Cryptocurrency Price Speculations / Re: Will Ethereum hit $5000 this year?
« Last post by MrSpasybo on Today at 11:28:28 PM »It's true, Bitcoin ETFs have a good impact on bitcoin price movements on exchanges, because with this ETF Bitcoin managed to reach a new ATH before the halving, usually a new ATH will be created after the halving occurs. Hopefully the price of bitcoin can reach the price of $100k soon.Are you saying that ETH Spot ETFs will also have a strong impact on driving up the ETH price similar to what BTC Spot ETFs did for BTC? I'm also looking forward to this, if ETH Spot ETFs are approved this month, it will be a huge boost for the crypto market in general and altseason in particular, especially since many investors are currently hesitant to put their hopes on this possibility due to the legal status of ETH still not being really clear and the SEC is also investigating ETH to accuse it of being a security.
In addition, even if ETH Spot ETFs are not approved, the cyclical nature of the market will still repeat itself, I believe that we will enter a bullrun by the end of this year, BTC will have a new ATH and ETH will as well. So I believe that ETH can easily reach $5K in 2024, followed by an ATH of $10K-15K in 2025.