A top prediction for Ethereum, which could reach a formidable price by the end of the year.
More predictions – crazy for some – on Ethereum, in view of the definitive approval of the ETF which could already arrive today and which for many will be a matter of a couple of days at best – or at worst another couple of weeks.
Today’s forecast comes from Steno Research and talk about Ethereum $ETH a 6.500$ before the end of the year. A significant price increase that will be driven mainly by inflow of ETFs, i.e. the capital that will enter the market and which will help create the ideal conditions for price growth of $ETH.
Forecasts that are even more optimistic than those released by Bitwise it’s yes Galaxywhich to many, including us at Criptovaluta.it, had already seemed absolutely optimistic. On our Telegram Channel you can always come and comment on the most important news for the crypto world, those that are able to move the markets.
Bomb forecast from Steno Research: here is the price that…
Ethereum? It will reach the price of $6,500 by the end of the year. All this thanks to a inflow within 12 months of the launch of the ETF which according to the research center will be between 15 and 20 billion dollars. These are much higher figures than for example has Bitwise in mindfor a forecast that at the time we had already found to be at the limits of the wildest optimism.
If these were to be the inflows, he says Steno ResearchEthereum could reach the price of $6,500 within the year. A prediction, we repeat, among the most optimistic that we have had the opportunity to read and that would be, in the event that it were to turn into reality, a real fortune for those who have already positioned themselves or are positioning themselves on this asset.
Ethereum inflows: what are they?
It is the amount of new capital that will enter, figuratively speaking, into Ethereum thanks to the ETF, net of outflows. To date, Bitcoin has raised more than 20 billion dollars through its ETFs and the numbers that have been indicated by Steno Research would be absolutely incredible for an asset that is still in the second tier, in terms of capitalisation, compared to Bitcoin.
We will see if this will be the case and if it actually happens. Ethereum will have a very substantial appeal for Wall Street, as indicated by Steno Research. For us, all the elements are there, but it is difficult to give such high numbers. Because one of two things: either in Europe they have not been able to market these products (ETFs on Ethereum) in the right way, or the relationships are relatively clear.
