Sunday, June 8, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

ETH Price Will Reach $10,000

February 20, 2024
in Ethereum
Reading Time: 3 mins read
0 0
A A
0
Home Ethereum
Share on FacebookShare on TwitterShare on E Mail


International asset administration agency, Bernstein has expressed confidence, foreseeing a reasonably sturdy probability of america Securities and Change Fee (SEC) approving an Ethereum Spot ETF.  

SEC Ethereum Spot ETF Approval Imminent

In a February 19 analysis report, Bernstein analysts Gautam Chhugani and Mahika Sapra disclosed that Ethereum, the world’s second-largest cryptocurrency, often is the solely digital asset after Bitcoin, to win an ETF approval from the US SEC. 

Following the approval of Spot Bitcoin ETF, many crypto lovers anticipated Ethereum as the following in line for an ETF. Nonetheless, given the SEC’s present stance on cryptocurrencies and its earlier reluctant acceptance of Spot Bitcoin ETFs, the prospects of an Ethereum ETF have develop into unsure. 

Within the analysis report, Bernstein analysts predicted the approval timeline for an Ethereum Spot ETF. They emphasised that the presence of notable conventional monetary corporations, together with Grayscale and Franklin Templeton, competing for a Spot Ethereum ETF, strengthens the outlook for its approval. 

“We predict there’s a roughly 50% probability of spot Ethereum ETF approval by Could, with an nearly sure probability of approval throughout the subsequent 12 months,” the Bernstein report learn.  

Ethereum’s Roadmap To $10,000

With the potential approval of Ethereum Spot ETFs, Ethereum could witness a major worth improve to ranges as excessive as $10,000.  Previous to the SEC’s approval of Spot Bitcoin ETFs on January 10, the anticipation surrounding the ETF had sparked a large worth rally for the cryptocurrency. Following the approval and ETF launch, Bitcoin surged to over $45,000 earlier than witnessing a subsequent worth correction that pushed it again under $40,000. 

Regardless of the brief correction, Bitcoin has been gaining again its momentum, and on the time of writing, the cryptocurrency is buying and selling at $51,998, in accordance with CoinMarketCap. This substantial worth improve is essentially attributed to the success of its ETF, offering buyers with larger accessibility to Bitcoin, and contributing to the cryptocurrency’s elevated adoption.

An analogous narrative might unfold for Ethereum following the approval of its ETF. With rising curiosity from institutional buyers and the ETF driving world adoption, the cryptocurrency might probably attain new all-time highs above $10,000. 

Within the analysis report, Bernstein analysts additionally confirmed Ethereum’s sturdy positioning for mainstream institutional adoption. The analysts emphasised the necessity for the cryptocurrency market to shift its consideration to Ethereum, because the cryptocurrency is poised to witness beneficial properties following the approval and launch of its ETF.

ETH worth reclaims $2,900 | Supply: ETHUSD on Tradingview.com

Featured picture from Crypto Briefing, chart from Tradingview.com

Disclaimer: The article is supplied for academic functions solely. It doesn’t signify the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You might be suggested to conduct your individual analysis earlier than making any funding selections. Use info supplied on this web site totally at your individual threat.



Source link

Tags: ETHPriceReach
Previous Post

Bridging the Past and Future: The Historic Autoglyphs Acquisition and Its Impact on Digital Art | NFT CULTURE | NFT News | Web3 Culture

Next Post

Ripple Vs. SEC Legal Dispute: Expert Speculates On April Conclusion

Related Posts

Trump–Musk feud becomes memecoin meta, leads to surge in trading volume
Ethereum

Trump–Musk feud becomes memecoin meta, leads to surge in trading volume

June 7, 2025
Ethereum’s Impending Breakout From Key Chart Pattern Teases A Major Rally To $12,000
Ethereum

Ethereum’s Impending Breakout From Key Chart Pattern Teases A Major Rally To $12,000

June 6, 2025
Hong Kong readying to legalize Bitcoin and crypto derivatives in push for Web3 leadership
Ethereum

Hong Kong readying to legalize Bitcoin and crypto derivatives in push for Web3 leadership

June 5, 2025
Ethereum and XRP steals spotlight in daily gains after Bitcoin reclaimed $106k
Ethereum

Ethereum and XRP steals spotlight in daily gains after Bitcoin reclaimed $106k

June 4, 2025
Ethereum Foundation Treasury Policy | Ethereum Foundation Blog
Ethereum

Ethereum Foundation Treasury Policy | Ethereum Foundation Blog

June 5, 2025
Enterprise Ethereum Alliance Accelerates Strategic Vision with New Leadership and Board Appointments – Enterprise Ethereum Alliance
Ethereum

Enterprise Ethereum Alliance Accelerates Strategic Vision with New Leadership and Board Appointments – Enterprise Ethereum Alliance

June 4, 2025
Next Post
Ripple Vs. SEC Legal Dispute: Expert Speculates On April Conclusion

Ripple Vs. SEC Legal Dispute: Expert Speculates On April Conclusion

Solana, Chainlink Among Coins With Overheating Open Interest: Data

Solana, Chainlink Among Coins With Overheating Open Interest: Data

Whale Accumulates Over $178,900,000 in Ethereum (ETH) in Less Than Two Weeks: Lookonchain

Whale Accumulates Over $178,900,000 in Ethereum (ETH) in Less Than Two Weeks: Lookonchain

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In