Long-Term Price Prediction for Ethereum: Could $6,500 Happen?

According to cryptocurrency analysts, Ethereum (ETH) may perform beyond expectations this year.

According to research by Steno Research, cryptocurrency markets are not as optimistic as they should be for Ethereum.

It could be up to 20 billion dollars

Regarding spot Ethereum ETFs, Steno Research senior analyst Mads Eberhardt said, “We anticipate net inflows of between $15 billion and $20 billion in the first 12 months, even when the funds coming out of the Grayscale Ethereum Trust are included.”

The U.S. Securities and Exchange Commission (SEC) approved the 19b-4 filings last month. Experts expect the S-1 files to be approved in a short time and these funds to be opened for processing next week.

He gave a price target for Ethereum

Steno Research said that the Ethereum price could rise to at least $6,500 within the year, driven by money flowing into spot ETFs and other positive factors.

If the researchers' prediction about the amount of investment in ETFs is correct, the Ethereum/Bitcoin parity may rise to 0.065 towards the end of the year.

“Even if a smaller amount of money enters Ethereum ETFs compared to Bitcoin ETFs, this would have a greater impact on Ethereum because its market cap is lower and it has less liquidity,” Steno Research said in its report.