HomeNewsArthur Predicts ETH at $4,500 Before Spot ETH ETFs Launch

Arthur Predicts ETH at $4,500 Before Spot ETH ETFs Launch

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  • Arthur of DeFiance Capital projects that before spot ETH ETF trading begins, ETH will reach $4,500.
  • According to a poll, 58% of Chinese community members believe ETH will hit $10,000 this cycle.

The founder of DeFiance Capital, Arthur, has boldly predicted that Ethereum (ETH) may hit $4,500 before spot ETH ETF trading begins. This upbeat view is not unique; 58% of Chinese community respondents to a WuBlockchain poll said they thought ETH may reach $10,000 or more this cycle.

Current ETH Market Performance 

CoinMarketCap data shows that the price of ETH at the moment of writing is about $3,910.97, up 4.06% from the previous day. Furthermore, this recent increase is consistent with a positive trend that has seen the coin rise by 25.48% within the last week.

TD Cowen recently made forecasts that ETHNews covered. He predicts a surge of new cryptocurrency ETFs after Ethereum-based ETFs were approved quickly.

With greater opportunities for institutional investment and stability of the market, this possible inflow of ETFs is predicted to improve ETH’s market performance even more.

Community Sentiments and Broader Implications

The mood in the cryptocurrency world, especially in China, points to a developing conviction in Ethereum’s long-term viability. According to WuBlockchain’s poll, the community is quite bullish and many people think Ether will surpass $10,000.

The continuous advancements of Ethereum, particularly the switch to Ethereum 2.0, which promises to enhance scalability, security, and energy economy, are what fuel this confidence.

The growth and acceptance of Ethereum are still mostly dependent on the Ethereum Foundation (EF). The foundation’s research, development, and education initiatives are primarily responsible for innovation and user base growth in the network.

Furthermore, adding to the promising future for Ether are the expected improvements and Ethereum’s wider popularity in decentralized finance (DeFi) and other applications.

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Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: info@ethnews.com Phone: +49 160 92211628