Ethereum (ETH), a cryptocurrency, has existed for almost ten years. It has been a short time since the market-cap second crypto made a big leap. ETH is in the limelight after recent positive developments surrounding the potential of a spot ETH ETF. This led to a rally across the market. The US SEC hasn’t approved a spot ETH exchange traded fund.
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If you have been investing $100 a month in Ethereum (ETH) ever since it was launched in 2015, then you will have contributed $10,600 to date. Your portfolio value has risen from $2.5 to more than $2 million. This is a gain of 23,738%.
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If, however, you’d invested $100 a month from ETH launch until its peak of $4 878.26 (November 2021), you would be able to invest $7 600. In this case, however, the value of your portfolio would have increased to $3.4million, which is a 44,766% increase.
Ethereum (ETH), price forecast
CoinCodex predicts that ETH will likely consolidate at $3800 during the month of June. It is possible that the asset’s price will not rise until there are more updates on the ETF.
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Changelly Ethereum (ETH), too, is expected to stabilize around its current prices. Platform predicts ETH’s maximum price to be $4,773.52 for 2024. To reach $4,773.52 at current levels represents a 26% increase.
Telegaon. on the contrary, has a more positive outlook on ETH. This platform believes that this second-largest cryptocurrency will reach a record-breaking high. Telegaon predicts ETH will reach $5,854.04 by 2024. This is a 54.4% increase from its current level.
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Source: watcher.guru