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bitcoin
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ethereum
Ethereum (ETH) $ 3,425.92
tether
Tether (USDT) $ 0.999121
bnb
BNB (BNB) $ 584.95
usd-coin
USDC (USDC) $ 0.998606
xrp
XRP (XRP) $ 0.626816
binance-usd
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dogecoin
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cardano
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solana
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matic-network
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polkadot
Polkadot (DOT) $ 5.95
tron
TRON (TRX) $ 0.134399

Record Prediction for Ethereum (ETH) from Bernstein Analysts!

Must Read

Because the deadline for the SEC to decide on the VanECK spot Ethereum ETF utility approaches, Bernstein analysts evaluated the worth implications of attainable ETF approval.

Bernstein analysts Gautam Chhugani and Mahika Sapra predicted a 75% improve in ETH value to $6,600 following spot Ethereum ETF approval in a current report, DL Information reported.

Analysts, who based mostly their predictions on the spot Bitcoin ETFs accredited in January, mentioned they anticipated an identical improve for ETH:

“Within the weeks after the SEC accredited an identical Bitcoin product in January, the worth of Bitcoin skilled a 75% improve.

We anticipate related value motion for ETH.

“If there’s a related 75% improve in ETH, this implies the ETH value will rise to $6,600.”

Analysts lately famous that the elevated chance of approval in spot ETH ETFs additionally contributed to elevated optimism about Ethereum’s rise after an unstable few months.

*This isn’t funding recommendation.

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