Ethereum Price Prediction: As Top Analyst Sees Up to $10 Billion In ETH ETF Inflows, Traders Rush To Buy This ICO With Only 2 Days Left
The Ethereum price dropped 2% in the last 24 hours to trade at $3,067 as of 04:07 a.m. EST on trading volume that rose 8% to $15 billion.
This comes as Tom Dunleavy, Managing Partner at MC Global, believes that Ethereum ETF (exchange-traded fund) inflows could reach $10 billion after they are launched as early as this month.
According to Dunleavy, this surge could send the ETH price to a new all-time high, possibly in the fourth quarter of the year.
Earlier this year, BTC ETFs saw an inflow of $15 billion. Eight Ether ETFs are awaiting final approval, with Bloomberg Intelligence predicting that it may happen by July 18.
Ethereum Price Set For A Rebound Over The Falling Wedge
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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