Big news is coming!!!

Big news is coming!!!

Big news is coming!!!

Standard Chartered Bank has made a bold statement, claiming that as long as the Ethereum ETF is approved, ETH will soar to a staggering $8,000 by the end of 2024! Geoff Kendrick, its head of foreign exchange research and digital asset research, boldly asserted that if the US Securities and Exchange Commission nods this week, a huge amount of funds of 2.39 million to 9.15 million ETH will pour in in the first 12 months, which is about $15 billion to $45 billion in US dollars! Kendrick also vowed that this is exactly the same as the estimate of the inflow of funds for the Bitcoin ETF and is extremely accurate! And if the Ethereum ETF is approved this week, Ethereum will maintain a stable price ratio with Bitcoin and go straight to $8,000 by the end of 2024! He even boasted that, given that Bitcoin is expected to reach $150,000 by the end of 2024, the price of Ethereum will shockingly reach $8,000!

Su Zhu also joined in the fun and called out a target price of $5,400! He posted on the X platform, saying that the price of ETH has risen excitedly. He mentioned that if the Ethereum spot ETF is approved, ETH will rise 80% from $3,000 to $5,400, and BTC will soar to $80,000 (ETH/BTC exchange rate reaches 0.0675), which will be a new peak for ETH prices!

Daniel Yan, founder of Kryptanium Capital, even bluntly stated that if the Ethereum ETF is approved within two days, "buy SOL/ETH" is the best strategy! Why? ETH has soared nearly 20% in the past 24 hours; SOL will be the big winner after the approval of ETH ETF; ETH/BTC rose 12% within a week after the approval of BTC spot ETF, because of the eager anticipation of the approval of ETH ETF; and this strategy has low market participation and is not a popular transaction. He also specifically reminded that the price of BTC fell 15% within a few weeks after the spot ETF was approved on January 10.

QCP Capital issued a statement saying that regarding the rumors that the US Securities and Exchange Commission may approve the Ethereum spot ETF, the view is that the Ethereum spot price is difficult to stabilize. If approved, the price will be close to the short-term target of US$4,000, and may even reach US$5,000 later this year; if not approved, it will fall back to US$3,000. This uncertainty brings higher volatility, but better trading may be the basis of spot futures, and now the yield is over 10%!

In the bull market, we will form the best group on the entire network. Follow me and see me pinned to the top, so that you can avoid detours in the currency circle.#ETH $ETH