Stento Research: Ethereum price will exceed $6,500 after the launch of ETH-ETF in the USA

“If the inflow estimate is correct, the ratio of Ether price to Bitcoin price should increase significantly. We forecast ETH to reach $6,500 by the end of the year. In the meantime, the market is dominated by a pessimistic view of ETH-ETF,” say the report’s authors.

Analysts at Stento Research believe that the ETF's future strong performance will not only create buying pressure, but will also indirectly encourage other market participants to purchase the asset. This will have a positive effect on quotes.

After the launch of ETH-ETF, other cryptocurrency exchange-traded funds may appear, experts believe. This should lead to increased interest from traditional investment funds. Previously, the author of the best-selling book “Rich Dad Poor Dad,” Robert Kiyosaki, criticized traditional and cryptocurrency exchange-traded funds (ETFs), calling them unreal investments.