Forget $10,000, Crypto Analyst Says Spot Ethereum ETFs Will Drive ETH To $14,000

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Forget $10,000, Crypto Analyst Says Spot Ethereum ETFs Will Drive ETH To $14,000 - NewsBTC

Quick Summary:

Doctor Profit’s Ethereum outlook was highlighted on the social media platform X, where he shared his insights in a post titled “The Big $ETH ETF Report.” Notably, the report echoes a general consensus amongst market participants, which is a parabolic ETH price move this year. Related Reading: Bitcoin Enters Final Wave 5 As World Events Signal Massive Surge The report draws a parallel between the potential price action of Ethereum and Bitcoin’s performance following the launch of Spot Bitcoin ETFs earlier this year.

Many market participants are now looking up to Ethereum to lead other altcoins into the “altseason.” Price Targets Following Spot Ethereum ETFs Launch The most crucial part of Doctor Profit’s ETH report analyzes different price targets for Ethereum for the next 12 months.

According to Doctor Profit, if the newly launched Ethereum ETFs attract the same level of investor inflows as Bitcoin did, the impact on Ethereum’s price could be a staggering 209% greater compared to Bitcoin.