Eyes peeled on where ETH price trends next in near to medium term
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VanEck predicts ETH to rise to $22,000 by 2030 and $154,000 in a bullish scenario, while Ark Invest expects ETH to rise to $166,000 by 2032. Geoff Kendrick at Standard Chartered expects ETH to reach $8,000 by the end of 2024. QCP Capital and Bernstein predict ETH price targets of $6,000 and $6,600, respectively, in H2, 2024.
This year, the biggest driver of Bitcoin’s rise to its current all-time high of $73,780 was the launch of exchange-traded funds in the U.S. This investment vehicle opened access to Bitcoin but without the risks posed by self-custody.Despite the late July price drop in cryptocurrencies, much is expected from Ethereum ETFs, based on the successful launch of Bitcoin ETFs.'s short-term price action paints a different narrative as the price of ETH has dropped 24.5% in the past 30 days.
The prospect of Ethereum ETFs boosted the cryptocurrency, but its gains have since been erased, leaving it lagging Bitcoin by 5.9%, compared to Bitcoin's 51.9% year-to-date gains.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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