TechFlow news: Su Zhu posted that ETH has started to rise. As previously mentioned, if spot Ethereum ETFs are truly approved, ETH could surge 80% from $3,000 to $5,400, while Bitcoin would rise to $80,000 (with the ETH/BTC rate reaching 0.0675), marking a new all-time high for ETH.
He added that today's price movement reflects less about the ETF itself and more about the substantial amount of dry powder waiting on the sidelines, ready to buy in at the emergence of any catalyst. Even if the ETF is rejected, although it may take longer, prices will eventually rise nonetheless. This is research-based predictability.
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