Standard Chartered Predicts Ethereum (ETH) to Hit $4,000
Standard Chartered bank predicts that the US Securities and Exchange Commission (SEC) will approve a spot Ethereum ETF in May, similar to the approval of a Bitcoin ETF. Analyst Jeff Kendrick anticipates steady growth for ETH leading up to the decision, with a potential price of $4,000 even before approval. Despite the SEC's recent delay of BlackRock's ETH-ETF application, Standard Chartered remains optimistic and expects the SEC to make a decision on May 23. SEC Commissioner Hester Peirce has also called for the approval of ETH spot ETFs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Loan Carnival round 26: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Crypto Loan Carnival round 26: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Announcement on the increase of borrowing limit coefficients for Bitget spot margin VIP levels
Bitget x DGRAM Carnival: Grab a share of 49,500,000 DGRAM
