Ethereum Price Prediction as ETF Decision Deadline Approaches – $10,000 ETH Possible?

Ethereum Price Prediction as ETF Decision Deadline Approaches – $10,000 ETH Possible?

The Ethereum price has shot up to $3,657 today, after the SEC asked Ethereum ETF applicants to submit new fillings ahead of a Thursday deadline.

Analysts have taken this development as a sign that the SEC is likely to approve ETH ETFs this week, making Ethereum the second cryptocurrency after BTC to see spot-based ETFs in the US.

This news has enabled ETH to post an 18% gain in 24 hours, while the alt is up by 25% in a week and by 15% in a month.

And with the coin also sitting on a 100% return in a year, its long-term momentum could combine with ETF approvals to result in some big rallies in the very near future.

*Source: https://cryptonews.com/news/ethereum-price-prediction-as-etf-decision-deadline-approaches-10000-eth-possible.htm
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