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Ethereum (ETH-USD) price predictions are a hot topic among crypto traders today as they reevaluate the potential of the token.

The big news that has crypto investors looking at ETH is the approval of several Bitcoin (BTC-USD) spot exchange-traded funds (ETFs). This has fans of Ethereum hopeful that ETH spot ETFs could be next for approval by the Securities and Exchange Commission (SEC).

While its unclear how the SEC will rule on Ethereum spot ETFs, we should have an answer sometime this year. The agency is set to tackle the subject in May, and that could be a major catalyst for the crypto.

With all of that said, it makes sense that crypto traders are looking at Ethereum price predictions today. Were helping with that with a look at some of the latest estimates below!

To put those price predictions in perspective, Ethereum is trading for $2,629.93 as of Thursday morning. Investors will also note that ETH is up 81.% over the prior 24-hour trading period as of this writing.

Investors looking for even more of the hottest market stories will want to keep reading!

We have all of the latest stock market news that traders need to know about on Thursday! A few examples include CricleIPOdetails and the latest news for Chesapeake Energy(NASDAQ:CHK) and Salesforce(NYSE:CRM) stock. You can catch up on these matters at the following links!

On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2024/01/ethereum-price-predictions-can-a-bitcoin-etf-take-eth-to-new-heights/.

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Ethereum Price Predictions: Can a Bitcoin ETF Take ETH to New Heights? - InvestorPlace