- A crypto analyst said Blackrock Ethereum ETF approval could drive the digital asset’s price up.
- Arnold stated that Ethereum could peak at $28K if it replicates previous bull cycles.
- The analyst noted that ETH’s price isn’t going to pump as fast or as high as in previous years.
Blackrock’s Ethereum spot exchange-traded-fund filing continues to drive excitement through the crypto community as investors expect the move to push the digital asset’s price up.
In a recent video, Aaron Arnold, the host of the crypto channel Altcoin Daily, noted these bullish potentials. According to the analyst, Blackrock’s ETF approval will be the demand shock that drives Ethereum’s prices up.
The analyst continued that if the world’s second-largest cryptocurrency network by market cap increased by the same percentage it did in the previous bull cycle, then prices could go as high as $42,000. However, the analyst remarked that such a cycle may be the last of the great crypto bull runs.
However, Arnold stated that the $42,000 prediction might be a far shot, predicting instead a rise to $28,000…
The post Analyst Predicts Ethereum to Peak $28,000 Pushed by ETF Approval appeared first on Coin Edition.