🧵 1. Analysts cite factors like supply dynamics, upgrades, and fee proposals as driving ether past $3,000, ruling out spot ETFs as the sole catalyst. #crypto
🧵 1. Analysts cite factors like supply dynamics, upgrades, and fee proposals as driving ether past $3,000, ruling out spot ETFs as the sole catalyst. #crypto
🧵 2. Attention now shifts to the potential for a spot ether ETF in the US, with big firms like Fidelity and BlackRock applying amid positive market sentiments.
🧵 3. Bloomberg analyst predicts a 70% chance of spot ETF approval by May 23, with potential for a $4,000 target if approved, echoing similar sentiments from Standard Chartered.
🧵 4. Despite uncertainties, analysts highlight additional catalysts such as deflationary supply, staking percentages, and increased demand driving ether's rally.
🧵 Read more at: https://www.theblock.co/post/279120/ether-price-catalysts-bernstein