Steno Research: Ethereum is expected to reach $6,500 this year

According to CoinDesk, Steno Research predicts that the net inflow of Ethereum spot ETFs will reach 15 billion to 20 billion US dollars in the first 12 months. The report said that due to strong ETF inflows and other positive factors, Ethereum is expected to reach 6,500 US dollars later this year.

Additionally, Galaxy Research estimates that spot Ethereum ETFs will see net inflows of $5 billion in the first five months, while Bitwise projects inflows of $15 billion in the first 18 months.