World-famous bank Standard Chartered announced its over 100% target for the price while saying that the SEC will approve #Ethereum:
Standard Chartered analyst Geoff Kendrick spoke about the spot Ethereum ETF approval.
Geoff Kendrick, an analyst for banking giant Standard Chartered, stated that spot Ethereum ETF applications may be approved this week.
Stating that there will be intense investor interest if Ethereum ETFs are approved, the analyst predicted that there could be a cash inflow of between 15 billion and 45 billion dollars in the first 12 months. He emphasized that this situation could push the Ethereum price to the $8,000 level by the end of 2024.
The end of 2024 price prediction for Bitcoin was increased to 150 thousand dollars.
We think Bitcoin will reach $150,000 by the end of 2024. From this perspective, it would mean a $8,000 level for Ethereum.
VanEck's deadline for spot Ethereum ETF applications will be May 23 and Ark Invest/21Shares' deadline will be May 24. It is said that the US Securities and Exchange Commission (SEC), which requested a rapid file change from companies on May 20, may give approval in the coming days.