Thanks to the positive effect of Spot Ether ETF, can the price of #ETH increase sharply to this area?
After a slight adjustment on May 24, the crypto market quickly recovered. Many experts and investment funds continue to believe that the market will continue to increase in price in the coming months and the following are their comments.
Michaël van de Poppe (Founder of MNTrading) believes that #btc has completed the adjustment and successfully retested the support zone of 67k5-68k. According to BitQuant, Bitcoin can surpass $80K and reach $95K in June!
Regarding Ethereum, QCP Capital believes that the price of ETH can increase by 60% similar to the performance of BTC after the SEC approved the Spot BTC ETF, which means that the price of ETH can surpass $6,200 in the near future.
Analyst Jelly also shares the same positive view as QCP, as he points out that ETH has broken out of the Falling Wedge pattern on the daily chart, ready to accumulate to surpass the $6,000 mark this year.
It is clear that not only the retail investors community, but also professional analysts and investment funds are extremely bullish on the crypto market in the coming months!
