3 Reasons to Buy Ethereum While It's Below $4,000
In the first half of 2024, Bitcoin (CRYPTO: BTC) captured the imagination of crypto investors. But don't sleep on Ethereum (CRYPTO: ETH). Up 54% year to date, it has largely kept pace with Bitcoin, and it has one new catalyst in place that could send it soaring in the second half of the year.
So this could be the time to put Ethereum on your investment radar. There are three good reasons why it could soar past the $4,000 mark on its way to a new all-time high.
The big catalyst, of course, is the imminent launch of the new spot Ethereum ETFs. If they enjoy anywhere near the same success as the spot Bitcoin ETFs, they could send the price of Ethereum soaring. During the first six months of the year, the spot Bitcoin ETFs pulled in $30 billion from investors, and that is what led to Bitcoin skyrocketing in price by 60%. The current thinking is that the new spot Ethereum ETFs could pull in as much as $3 billion in their first six months.
Source Fool.com
