After the approval of a Bitcoin ETF, the Ethereum based tokens, surged to its highest point since May 2022. This increase is attributed to investor speculation that an Ether (ETH) ETF will soon receive approval from the SEC.

The Ethereum markets experienced substantial growth during Thursday’s session, driven by strong buying interest. This trend suggests that the broader cryptocurrency market might be on the verge of a more significant movement. ETH Price is expected to gain substantially from this momentum.

Ethereum Price Prediction 2024 :

The renowned cryptocurrency expert Anthony Sano has recently expressed an extremely bullish outlook on Ethereum Price Prediction for 2024. In a detailed analysis, he predicted Ethereum’s potential to reach a staggering $10,000 mark within the year.

He highlighted the significance of Ethereum’s ability to offer yield through staking, a feature he believes gives it an edge over Bitcoin and makes it particularly attractive to institutions. With the increasing likelihood of an Ethereum ETF launching in mid-2024, he anticipates a surge in institutional interest.

Comparing Ethereum’s performance with that of Solana, he pointed out that despite Solana’s significant drop and subsequent recovery, Ethereum has maintained a consistent value over the year.

overall, his predictions for 2024 range from a conservative $6,000 to a staggering $10,000, if the market hype intensify, particularly with the advent of the ETF.