Happycoin.club - Employees of the cryptocurrency market maker Wintermute believe that Ethereum (ETH) will rise in price to a maximum of $4,300 in 2024.
According to analysts, the demand for Ethereum-ETF will be lower than the predicted value, and in the first year since the launch of trading in these derivatives, scheduled for July 23, from $3.2 billion to $4 billion will be invested in them. In this case, the ETH rate will increase by a maximum of 24% during 2024, thus reaching approximately $4,300.
However, specialists from the research company ASXN made a more positive forecast. In their opinion, the monthly inflow of capital into Ethereum-ETF will be from $800 million to $1.2 billion. That is, by the end of 2024, at least $4 billion will be invested in exchange-traded funds based on ETH, which is three times the figure given by Wintermute employees in terms of for months.
ASXN forecast capital inflows into Ethereum ETF similar to Bitcoin ETF
ASXN analysts did not predict a change in the price of Ethereum, but noted that they expect an upward movement after the release of the ETF. Blockchain data provider Kaiko's head of indexes Will Kaye said that the price of Ethereum will be heavily influenced by the amount of capital inflows into the ETF during the first days after the start of trading, so the speed of the bullish rally will likely become known in the near future.
