Ethereum Price Prediction Today: Will It Disappoint Investors?

2024-06-27
Ethereum Price Prediction Today: Will It Disappoint Investors?

Bittime - The latest analysis of Ethereum ETF inflows led by Matt Hougan of Bitwise, estimates the potential to reach $15 billion in the next five months. Although Ethereum price fell today

Ethereum ETF Inflows S$15 Billion

The effort to increase optimism was led by Matt Hougan, Bitwise's chief investment officer. He estimates Ethereum ETF inflows at $15 billion in the next five months based on Ethereum's market capitalization compared to Bitcoin and some crunched numbers from the global ETF market.

He started with a Bitcoin ETF project of assets worth $100 billion by the end of 2025. According to Hougan, an Ethereum ETF should target around $35 billion because Ethereum's market cap is about 26% of Bitcoin.

Taking into account global market data and the fact that there are no profitable “carry trades” for Ethereum, Hougan arrived at a $15 billion prediction.

Ethereum Price Prediction Today

Today, the price of Ethereum (ETH) fell drastically, hovering around $3,368.45. This drop shows the continued uncertainty in the crypto market, which is influenced by many variables, including worldwide market sentiment, regulations, and dynamics within the blockchain ecosystem.

Despite this, Ethereum remains one of the largest and most active cryptocurrencies, as its platform continues to be a hub of innovation for decentralized applications (dApps) and smart contracts worldwide.

Bitcoin Can Beat Ethereum and ETFs

Due to BTC's post-halving strength, Bitcoin could outperform Ethereum and ETFs in the near future. If this bull cycle fails to herald the start of altcoin season, led by Ethereum, liquidity may still be present in BTC in July. Anticipation of the launch of the Ethereum ETF has various predictions, ranging from positive to skeptical.

Conclusion

Matt Hougan of Bitwise stated that market optimism will focus on the potential for Ethereum ETF inflows to reach $15 billion in the next few months.

With decentralized applications and smart contracts continuing to develop, the price of the Ethereum cryptocurrency remains at the center of innovation, even though its price has fallen drastically from $3,368.45 today. Despite much market speculation about the launch of an Ethereum ETF, Bitcoin, driven by post-halving strength, may outperform Ethereum in the near term.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.

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