ETF Prospects Are Rising in Ethereum (ETH)! Price Expectations in ETH!

Ethereum, the leading smart contract platform, rose with support from the increase in Bitcoin price. Ethereum's spot ETF approvals were cited as one of the main reasons for the increase in the token's price. However, today's decline in Bitcoin affected Ethereum. Experts remain positive about Ethereum if the Bitcoin price recovers.

Following the price drop in Ethereum, sales in the cryptocurrency markets reduced the weekly transaction volume of the altcoin by approximately 9%. The decline in Ethereum affected experts' belief in the $ 4,000 target. The possible approval of spot Ethereum ETFs would trigger institutional and individual interest and could also fuel price growth.

It is among the speculations that the upward trend of the cryptocurrency markets with the recent spot ETF approval in Bitcoin may be similarly seen in Ethereum. As it is known, the USA approved Bitcoin ETFs on January 11. This move in Bitcoin caused the cryptocurrency to rise to its all-time high of $73,000.

The price of #Ethereum rose above $3,700 after the 19b-4 applications were approved. However, later the upward momentum gave way to a decline. This may give an idea of ​​what might happen if more than one #ETF is listed. There was also a similar entry in other altcoins and meme tokens. A notable uptick in this recovery has been inflows into enterprise products and decentralized protocols. As a result, Bitcoin's decline negatively affected Ethereum and altcoins. Ethereum's price dropped and weekly trading volume decreased by 9%. Spot ETF approvals could boost #Ethereum price in the future and trigger institutional interest.
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