Ethereum Will Reach $5000 in 100 Days

The recent approval of the 19b-4 application format for spot Ethereum ETFs by the SEC could propel Ethereum to $5000 within 100 days. Analysts at Bloomberg anticipate the regulator's approval of the S-1 format by mid-June, potentially driving significant investments into Ethereum.

Investors should exercise caution, as the pressure from potential sell-offs may counterbalance the expected inflows.

CCData's analysis suggests a surge based on Bitcoin ETF inflows, projecting that Ethereum could gather $3.9 billion in investments. However, the launch may also trigger a price correction similar to Bitcoin’s post-ETF experience