The approval of Ethereum ETFs is expected to boost institutional investment, potentially driving up its price due to increased demand and market legitimacy. Analysts predict a positive outlook, with some forecasting ETH could reach new highs if market conditions remain favorable and adoption continues to grow. Standard Chartered is even more optimistic, predicting that the price could soar to $8,000 by the end of 2024 due to substantial inflows from spot Ethereum ETFs (StealthEX). In more bullish scenarios, some forecasts suggest that ETH might hit $10,000 or higher, driven by broader adoption and favorable market trends.

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