Ether is poised for a surge with the imminent launch of ETFs. Despite its low profile compared to Bitcoin’s highs driven by new U.S. ETFs, Ether could surpass its 2021 peak of $4,867.60. Thomas Perfumo from Kraken highlights that Ether’s lower liquidity means fewer dollars can significantly impact its price. However, factors like the Mt. Gox token release and U.S. Federal Reserve policies could affect the market.
New Ether ETFs might not match Bitcoin ETFs’ popularity, but with Ether’s market cap at a third of Bitcoin’s, significant price changes could occur. Zach Pandl from Grayscale Investments suggests that Ether’s staked supply might push prices higher due to limited availability. Standard Chartered predicts Ether could hit $8,000 by year-end, while VanEck aims for $22,000 by 2030. Yet, some experts caution the potential impact might already be reflected in Ether’s current value, which is up 29% this year.
