A Top Analyst Predicts Ethereum ($ETH ) Price to Rise by 92% in 16 Days: Here's Why
The article first appeared on Coinpedia Fintech News.
The U.S. Securities and Exchange Commission (SEC) has approved eight spot Ethereum ETFs, creating speculation and excitement within the crypto community. A leading crypto analyst predicts that Ethereum's price will rise by 92% from its current level of $3,632 in the next 16 days, drawing parallels with Bitcoin's past performance.
ETH Price to Increase by 92%
Following the approval, Ethereum's price experienced both volatility and resilience, dropping by 4.45% from $3,880 to $3,632. However, the initial reaction of the Ethereum market may mirror Bitcoin's past; significant gains could follow potential short-term declines.
After the approval of the $BTC ETF on January 10, it took 16 days for a 92% rise, preceded by a 21% price drop.