Hype Around Potential Ethereum Approval is Growing

👀 In Twitter reports that #StandardChartered predicts the approval of #SpotETFs for Ethereum this week, with an influx of $45 billion in capital over the year.

📝 Additionally, there is information about an SEC request to NASDAQ and CBOE #exchanges to make amendments to their ETF applications.

✔️ There are increasing arguments in favor of approval, but let's not lose our heads. The Bitcoin ETF saga was full of fakes, and this could repeat. 🧐 In case of a positive decision, $ETH could break the $4,000 price ceiling and easily reach 🚀 $5,000 on momentum. However, if the ETH ETF is rejected, Ethereum's price could fall back to the $3,000 level or even lower.
#bitcoin #BTC

Bernstein: Ethereum at $6,600 if ETF Approval is Granted

🚀 Analysts at #Bernstein expect a 75% increase in $ETH to $6,600 within a few weeks if the SEC gives the green light to #SpotETFs for the second-largest cryptocurrency.

🧐 It is important to understand that this forecast is based on a similar rise in #BTC following #ETFApproval , which took 7 weeks.

The SEC decision could come as soon as tomorrow, stay tuned... ⌛️
#pizzaday

Asia Spurs Crypto Rally👍
In crypto, an interesting chart from Bloomberg showed that the recent rally has been driven more from Asia (Korea), with the US still struggling to regain its crypto narrative. Will Asia continue to drive crypto development in the year ahead, or will the picture reverse once the spot ETFs have been approved? Stay tuned... #Cryptocurrency #BloombergChart #USNarrative #SpotETFs #MarketDevelopment #FutureTrends