Expected Release of Ethereum Spot ETFs in the US – Impact on the Cryptocurrency Market

Expected Release of Ethereum Spot ETFs in the US – Impact on the Cryptocurrency Market

According to a report by bitcoin-2go.de,

The release of Ethereum Spot ETFs in the US is expected in 2024 and could change the market situation for the second-largest cryptocurrency in the long term. Various artificial intelligences such as ChatGPT, Grok and Bard have given different forecasts for the Ethereum price until the end of 2024.

According to analysis by artificial intelligence ChatGPT, Ethereum is expected to grow beyond $3,000 if Ethereum spot ETFs are allowed on US exchanges. This could lead to mass adoption of the cryptocurrency and change the general mood of society in favor of Ethereum.

Twitter's Grok AI even predicts Ethereum will close the year at $4,000 to $5,000, with an annual high of around $6,500. Google Bard also provides various forecasts, with a bullish forecast from BTC Direct predicting an Ethereum price of around $5,538 by the end of 2024.

These different forecasts show that the future of the Ethereum price is uncertain and various factors such as the approval of Ethereum spot ETFs and software updates could have an impact on the price development. As a financial professional, it is important to consider the different scenarios and prepare for changes in the financial industry.