Bernstein predicts ETH price will reach $6,600 once the Ethereum spot ETF is approved
Experts believe that the price of ETH will skyrocket
“If the SEC changes its position due to political motives, it will be seismic. If that really happens, prices will be much higher than now,” Novogratz shared.
Joe Lubin, co-founder of Ethereum and founder of Consensys, predicts there will be a “flood” of ETH demand, leading to a supply crunch and higher prices. Lubin pointed out that institutions with exposure to the Bitcoin ETF will likely diversify into Ethereum once the cryptocurrency's ETF is approved.
Chief Investment Officer Matt Hougan at Bitwise has noted in a blog post that bringing Ethereum closer to the mainstream market will push prices to all-time highs. However, Hougan attributes this catalyst not only to ETF optimism but also to legislative progress.
ETH price maintains upward momentum
