What do analysts expect for Ethereum ETFs?

Arthur Cheong, founder of DeFiance Capital, said Ethereum will rise before trading of spot Ethereum ETFs goes live.

Arthur Cheong predicts #Ethereum (ETH) will reach $4,500 before spot Ethereum exchange-traded funds (ETFs) trading begins. This optimistic outlook is supported by growing expectations in the crypto community regarding the potential impact of spot ETH ETFs on the market.

A survey conducted by WuBlockchain within the Chinese crypto community reveals strong belief in Ethereum's bullish potential. 58% of survey respondents say they are confident ETH can rise to $10,000 or above during this market cycle. This sentiment underscores widespread optimism and high expectations for Ethereum's future performance.

Ethereum is currently trading at around $3,940, and spot #ETH ETFs have generated significant interest among investors. The approval of these ETFs by the US Securities and Exchange Commission (SEC) is seen as a major milestone that could attract significant institutional investments and further increase the price of ETH.

Arthur Cheong's prediction also coincides with the views of other market analysts who see strong potential for Ethereum in the near term. The expected approval and subsequent start of trading of spot ETH #ETFs is expected to increase liquidity and institutional participation, which could positively impact the price of Ethereum.

The broader cryptocurrency market has witnessed increased interest and inflows, particularly following the approval of spot Bitcoin ETFs earlier this year. This set the stage for similar enthusiasm around Ethereum ETFs, contributing to the current bullish sentiment.

Ethereum, which started the new week with an upward trend, experienced an increase of nearly 4 percent in the last 24 hours. It is possible to say that the rise may become even stronger, especially after the $ 4,000 level is crossed.
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