Ethereum Price
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Yerevan (CoinChapter.com) — Ethereum’s price has surged amid discussions about the possible location of Ethereum ETF approval. In just one day, the price rose by more than $590, and the market capitalization increased by more than $70 billion. This brought the price of Ethereum to $3,660, a level not seen since early April.
Billy Markus, the co-creator of Dogecoin who goes by the name Shibetoshi Nakamoto, commented on the rally, saying he believes Ethereum will hit $100,000.


Cryptocurrency mockery - Source:
@BillyM2k
Marcus also discussed the unpredictability of the cryptocurrency market, mentioning that when people buy or sell, the market tends to move in the opposite direction immediately.
Will Ethereum ETF Approval Lead to More Gains?
This surge occurred before the decision on whether to approve the Ethereum ETF. Initially, experts believed that the probability of approval was only 10-25%. But now, the estimated chance has reached 61%.


ETH to USD. Source:
CoinMarketCap
This excitement has led to a prediction that the Ethereum price could soon reach $4,000. If the ETF is approved, it could mean more people will start investing in Ethereum and other cryptocurrencies.
Dogecoin Could Benefit from an Ethereum ETF
The possible approval of an Ethereum ETF also makes people think about whether other cryptocurrencies, such as Dogecoin, will receive similar investment products. As the main meme cryptocurrency, Dogecoin may attract the interest of more large investors if the Ethereum ETF is approved.
Dogecoin has had some problems recently, such as a key metric drop of 86%. But if the ETF is approved, it could attract new interest and investment.


DOGE vs USD provided by CoinMarketCap
The next few days will be important for Ethereum and the wider cryptocurrency market. A decision on an Ethereum ETF could bring about major changes and shape the future of cryptocurrency investing.