Ethereum’s Massive Surge Imminent: Standard Chartered Predicts ETF Approval And $8,000 Price Target
Summary
Standard Chartered projects Ethereum spot ETF approval by SEC this week, anticipating $15-45 billion inflows in the first year. Approval could drive Ethereum's price to $8,000 by 2024. VanEck and Ark Invest/21Shares have imminent ETF deadlines. Standard Chartered estimates 80-90% probability of approval. Ethereum's price has surged over 20% in response, with bullish sentiment and calls for $5,000 strike price. Bloomberg analysts raise approval odds to 75%, citing SEC's changing stance and potential for significant price gains.
