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TechFlow news, according to analysts Gautam Chhugani and Mahika Sapra from research firm Bernstein, the approval of spot Ethereum ETFs could drive Ethereum up by 75% to $6,600.
They noted that the SEC approved similar Bitcoin products in January, which spurred a 75% rise in Bitcoin's price over the following weeks.
"We expect ETH to follow a similar price trajectory," Chhugani and Sapra said in a report this week.
According to analysts Gautam Chhugani and Mahika Sapra from research firm Bernstein, the approval of spot Ethereum ETFs could drive Ethereum up 75% to $6,600. They noted that the SEC's approval of similar Bitcoin products in January triggered a 75% rise in Bitcoin's price over the following weeks. "We expect ETH's price trajectory to follow a similar path," Chhugani and Sapra said in a report this week.
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