Standard Chartered analyst predicts Ethereum to reach $8,000 by 2024 due to ETF approval.
Standard Chartered analyst Geoff Kendrick predicts Ethereum (ETH) will more than double to $8,000 by the end of 2024. Kendrick believes the U.S. Securities and Exchange Commission's approval of Ethereum ETFs will attract large money inflows similar to those following Bitcoin ETF approval in January. Kendrick's forecast aligns with his correct prediction of money-flow effects from the Bitcoin ETF approval.
May 25, 2024
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