With one caveat, the introduction of the Ethereum ETF has the potential to propel Ether to new all-time highs

The chances of Spot Ethereum being approved this week, according to an Ethereum expert from a venture capital company, are 72.7%. This may happen as soon as this week.
After the Securities and Exchange Commission approves the Spot ETF, a cryptocurrency expert projects a 200% increase in the price of Ether.

Despite an increase in production reaching a peak in 2024, Ether maintains a price over $3,000.

Investors in Ethereum (ETH) are keeping a careful eye on two major events: the Spot Ether ETF's expected approval and the actions of "whales," or massive wallet holders of ETH.


There is a 72.7% chance that the SEC will approve a Spot ETH ETF this week, according to the analyst behind the X handle @DarkCryptoLord. Investors in Ethereum (ETH) believe the ETF green light will boost the price of the cryptocurrency.

The reasons for the US financial regulator's delay are still unknown, according to Eric Balchunas, a senior ETF analyst at Bloomberg who discussed the Ether ETF.


Ethereum supply on exchanges reached a record high in 2024, according to Santiment statistics. Those who own Ether are probably sitting on their earnings, waiting for the price to rise.


As to the Santiment data, there are now 19.23 million Ether held in wallets across various cryptocurrency exchanges.

The biggest asset by market cap rose 200% before the Ether and Bitcoin charts both went up. It is quite probable that the cryptocurrency will extend gains by 200% if the Ether ETF attracts the same level of interest and attention from institutional investors as Bitcoin did.

Potentially expanding benefits with Ether include staking tokens, altcoins connected to Ethereum, and Layer 2 scaling assets. If Ethereum follows Bitcoin's post-ETF increases, which were mirrored in assets like BRC-20 and comparable assets, then this might happen for Ethereum as well.

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