From Nasdaq:

Crypto analyst Michaël van de Poppe has forecasted a bullish run for Ethereum in the next three to six months, with potential prices of $3,500-4,000. He cites the final “Dencun” upgrade and Bitcoin rotation as contributing factors to this prediction. The potential approval of Ethereum ETFs could further boost prices.

According to Bloomberg Intelligence ETF analyst James Seyffart, there is a 60% chance of Ethereum ETFs launching in 2024. If his prediction holds, Ethereum could experience a monumental surge in value. However, until there is more clarity on Ethereum ETFs, traders are reportedly showing a preference for Bitcoin.

Ethereum co-founder Vitalik Buterin has mentioned the potential integration of AI with cryptocurrency, with trading bots on blockchain-based exchanges as an established example of AI’s involvement in the crypto space. This development could further influence Ethereum’s price. At the time of writing, Ethereum was trading at $2,322.72, gaining 0.67% in the past 24 hours.

Van de Poppe suggests that the reversal of more than a two-year-old trend will be “impactful” for Ethereum. However, Ethereum’s classification as a security or commodity is still a matter of debate, and the potential approval of Ethereum ETFs remains uncertain. Until there is more clarity on Ethereum ETFs, traders are reportedly showing a preference for Bitcoin.



Read more: Ethereum Could Touch $4K In Next 3-6 Months: Crypto Analyst Michael Van De Poppe Expects 72% Bull Run Amid ETF Hype