Ethereum (ETH) is on a bull rally amid positive expectations regarding the Securities and Exchange Commission (SEC) of the United States’ approval of Ethereum spot ETFs and BlackRock’s (NYSE: BLK) interest in real-world assets (RWA) tokenization.
Analysts started speculating on price as the cryptocurrency market awaits further developments in exchange-traded fund (ETF) approval and BlackRock’s endeavors. Reaching $5,000 in the next few days is possible as speculation heats up, even before the awaited ETF approval.
In particular, two analysts from the private wealth management firm Bernstein forecast a 75% pump to $6,600 moving forward. According to Gautam Chhugani and Mahika Sapra, ETH could mirror Bitcoin’s (BTC) gains after its ETFs’ approval earlier this year. DefiLlama reported this and six other experts’ opinions about Ethereum on May 22.
However, Ethereum could see some action before the forecasted $6,600 a few weeks after the effective approval, as repor
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