Ethereum ETF Approval May Trigger Major $ETH Bull Run

Shiva Ganesh

The SEC is anticipated to approve Ethereum-based ETFs, potentially on May 23.

Analysts predict a significant price surge for ETH, possibly reaching up to $8,000 by the end of 2024 if ETFs are approved.

Spot Ethereum ETFs could attract up to $45 billion in inflows within the first year following approval.

Similar to Bitcoin's ETF approvals, the market may experience a sharp increase in ETH price leading up to the approval date, followed by a potential sell-off event.

Approval could lead to increased liquidity and adoption of Ethereum, supporting a sustained uptrend in its price over the long term.

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