Michael van de Popp: “Ether will reach $4,000 in the next six months”
Michael van de Poppe named factors that will contribute to the growth of ETH. First up is the upcoming Dencun update on the testnet. A reduction in the reward for miners on the Bitcoin network can also have a good effect on the price of ether, because if Bitcoin grows, it will “pull” the main altcoins with it.
An equally important factor for the growth of ether may be the hype around spot ether ETFs. The US Securities and Exchange Commission (SEC) has already approved exchange-traded funds for Bitcoin, but the issue of ETFs linked to ether is still open. The agency has not yet determined which category to classify ether into: commodities or securities. Therefore, the possible approval of an ETF for ether could increase the rate of this cryptocurrency by 72%.
“The time for broadcast is just around the corner. ETH has been on a downward trend for 2.5 years now, and a reversal will be very influential,” wrote cryptanalyst X on social media.
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