Bitwise analysts predict Ethereum price to rise to $5000

According to him, spot funds for Ethereum could push the second largest coin to a new high. It is likely to be the figure of $5,000.

At the same time, experts noted that the first time after the launch of funds, the price dynamics of the asset may be unstable. The reason was the outflow of funds from Grayscale Ethereum Trust. However, by the end of the year, the coin will begin to rise in price and reach its maximum price.

ETF can significantly accelerate the price of the underlying asset In making the forecast, analysts relied on the behavior of bitcoin. Since the beginning of this year, it has become more expensive by about 25%. At the same time, the coin has risen by 110% since last October. Around this time, news about the launch of ETF-funds and began to affect the rate of the token.

It should be noted that the forecasts regarding the future of Ethereum are more optimistic. Specialists are of the opinion that the second largest cryptocurrency is capable of sharper growth compared to BTC. They backed up this opinion with 3 key factors: