Can ETFs Push Ethereum Beyond $5,000?
Bitcoin ETFs launched in mid-January, and two months later, the top coin hit its all-time high just below $74,000, dragging the entire market with it. Ethereum soared to $4000 at the time.
Analysts believe that a similar effect will take place once ETH ETFs launch. However, according to K33, ETH might “stumble immediately following the launch of the ETFs” from the “sell the news” phenomenon. However, they expect it to pick up pace immediately and, by the end of the year, hit new heights.
