From Investing.com: 2024-05-21 09:34:59

Cryptocurrencies rally on optimism for SEC’s upcoming decisions on spot ETF applications, with Ethereum in focus. Ether surges over 22% to $3,781. SEC requesting accelerated updates for 19b-4 filings, sparking approval speculation. Bloomberg Intelligence hikes odds of Ethereum ETF approval to 75%. Analysts forecast Ethereum price surge post-approval, highlighting deflationary nature and supply constraints. Standard Chartered predicts ETH approval on May 23 with potential for significant price gains in line with BTC.

Read more at Investing.com: Ethereum price forecast amid possible ETF approval By Investing.com