Before the launch of ETH ETF trading, Ethereum price is predicted to reach this level.

Quick Summary:

Arthur Cheong, CEO of DeFiance Capital, expects Ethereum to reach $4,500 before spot ETF trading begins.He believes U.S.approval of spot Ethereum ETFs will attract many retail investors, similar to the 2017 crypto boom.

But at the same time, this interim milestone left the market unimpressed, with Ether’s price dropping from $3,830 to $3,670 immediately after the approval.

The potential increase in Ethereum’s value is seen as a significant development in the cryptocurrency market.

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Article Details

Author / Journalist: Elena R

Category: Crypto

Markets: United States

Topics: News Price Analysis Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-27 @ 05:11:50 (1 months ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 418 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 21100596

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News Last Updated: 9 hours ago

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