Ethereum Is In A Bull Market – How High Can ETH Go

There are all kinds of bullish predictions about the prices of digital assets, and today, Ethereum is in the spotlight as well. Check out the latest news about how high could ETH price go.

At the moment of writing this article, ETH is trading in the green, and the coin is priced at $4,333.

According to the online publication the Daily Hodl, Bloomberg Intelligence’s senior commodity strategist Mike McGlone says that it is only a matter of time before an Ethereum (ETH) exchange-traded fund (ETF) is established.

Check out his tweet below.

Here’s a Bull Market – #Ethereum #Futures Open Interest:
Rapidly rising Ethereum open interest and volume show that a U.S. ETF is only a matter of time, with positive implications for the price and negative for volatility. pic.twitter.com/RqBYV0jajv

— Mike McGlone (@mikemcglone11) October 26, 2021

Someone said: “By submerging Bitcoin Miners in liquid, heat and noise is reduced by 95% and we can recapture up to 40% of the heat and convert this to power. Bitcoin will be 100% green by 2024. No other system will be more green.”

He is also bullish on Bitcoin as well. Check out what he said about the king coin.

Bull markets are about positive dangling carrots and we see plenty ahead for #Bitcoin and #Ethereum. The launch of Bitcoin ETFs in the U.S. appears as an iteration to get to what may better facilitate most investors — ETFs tracking the crypto market, like the S&P 500. pic.twitter.com/xMQtBdQ5nA

— Mike McGlone (@mikemcglone11) October 25, 2021

He also said something about the ProShares launch:

Strong inflows for the new ProShares #Bitcoin Strategy (BITO) ETF show pent-up demand and quantitative traders targeting arbitrage opportunities, which are likely to narrow spreads and pressure volatility. We see Bitcoin on track to trade like #gold. pic.twitter.com/jSnZ4bjJjw

— Mike McGlone (@mikemcglone11) October 22, 2021

Ethereum was in the spotlight not too long ago again.

Smart Contracter said that he’s keeping a close watch on Ethereum against Bitcoin (ETH/BTC) – this is happening because he believes the trading pair remains bullish after it broke out from a large inverse head and shoulders pattern (IHS). He said that ETH could reach $5k soon.

Stay tuned for more news.