Price News

Ether’s price jumped 18% in six days on mounting speculation the U.S. SEC will approve a spot ETH exchange-traded fund (ETF). Some traders expect it to hit $5,000 by the end of June.

Traders on Lyra have snapped up ether calls at the $5,000 strike and higher this week.

The recent dip in price doesn’t appear to have dented optimism from traders betting on a continued bull run.

The success of the Bitcoin ETF has prompted Standard Chartered to increase its year-end price forecast and 2025 price projections.

The approval of spot bitcoin ETFs in the U.S. was much anticipated and well-priced, so the event will likely be a short- to mid-term top for the price, analysts said.

The latest price moves in crypto markets in context for Jan. 15, 2024.

BTC calls trade at a much lower premium to puts than in November, as some analysts expect the cryptocurrency to decline following the anticipated debut of spot ETFs in the U.S.

The SEC is set to approve or deny the first U.S. Bitcoin ETF in January – either way, the market is likely in for a price shift.