Krutika Adani
For the first time this week, Ethereum has crossed $3500, gaining 4% in the last 24 hours. The corresponding trading volume is $10 billion.
The possibility of an Ethereum ETF launch within July has kept Ethereum bulls on their toes.
According to the SEC’s comments, the ETFs might take one week more to launch, possibly in mid-July.
Gautam Chuggani and Mahika Sapra, top analysts from Bernstein, estimated that with the launch of Ethereum ETFs, the price of ETH might witness a 70% rally towards $6600.
Ethereum's price has been in a bullish uptrend and might remain so as long as it is above $3000. Any good news might push it towards $4000.