Ethereum's price surged 20% after the #SEC approved spot #Ethereum ETF applications in May. The launch of these ETFs, expected this month, could fuel more buying and propel Ethereum to new highs in 2024.
Analysts are optimistic:
Standard Chartered: $8,000 by year-end due to #ETF inflows.
AllianceBernstein: $6,200 by September, mirroring #Bitcoin 's ETF-driven gains.
Nexo: $10,000 by year-end.
Lark Davis: $15,000 by the end of the 2024-25 bull cycle.
However, Ethereum's price has dipped since May's approval as ETF launches are still pending.