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🕯️ With approved $ETH ETF.
The approval of a second cryptocurrency ETF in the US signals greater acceptance of the asset class and increasing regulatory clarity. Greater access combined with increasing regulatory clarity is likely to drive an increased demand for #Ethereum .
🤔 What is the effect of ETH ETF approval?
The approval of #Ethereum ETFs will likely have far-reaching implications for the cryptocurrency industry. By providing a regulated and accessible investment vehicle, these ETFs could drive increased institutional and retail participation in #Ethereum .
🚀 $ETH Price Prediction by Experts
1.)👇
Analysts from Standard Chartered predict that this approval could lead to up to $45 billion in inflows within the first 12 months. This substantial increase in investment is expected to push #etherreum 's price to $8,000 by the end of 2024.
2.)👇
The analyst argued that Ether's price is currently in a consolidation mode, expecting a breakout to a new all-time high before the end of 2024. Mikybull Crypto also claimed that the recently launched spot ETFs will be “the primary driver” for a bull run in the following months. They set $10,000 as the new price target.
