Key Bloomberg ETF analysts raise the likelihood of approval of the Ethereum spot ETF from 25% to 75%. We're talking about senior ETF analyst Eric Balchunas and ETF expert James Seyffart. People with a great track record, whose assessments and insights are worth listening to.
They published their new forecasts in accounts on X, causing a pump in the#ETHrate by +9.4%.
Quote from Eric Balchunas:
“James Seyffarth and I are increasing the odds of approval for the Ethereum Spot ETF to 75% (from 25%) after hearing talk this afternoon that the SEC may change its position 180 degrees on this issue (increasingly political), so now everyone is in a hurry (like everyone else, we assumed that the application would be rejected). See Nate's tweet below for the likely order of events (but again, we're capping the probability at 75% until we see more, such as updates on claims)."
Seyffart succinctly commented that “the situation is changing for the better.”
Now the maximum attention in the coming days will be on potential issuers of spot Ethereum ETFs. If changes begin, these will be new pump factors for the#ETHprice. Because such changes will confirm that preparations for the launch are underway.
We described Nate Gerasi’s post, which Balchunas talks about, today in a large analysis of the situation.
Against a positive news background, the ETH price broke through the resistance pool that we wrote about in the review. And it went to the volume level of $3,399.
The key thing is that there is a breakdown of the downward trend since March 12th. It is important to stay higher in the event of a correction. Then, it is likely that in the coming weeks we will see the start of the altseason, the flagship of which, predictably, will be Ethereum.
