Summary
Standard Chartered Bank predicts that the price of Ether (ETH) could rise by 70% and reach $4,000 by May. This is because the bank expects regulatory approval for spot-based exchange-traded funds (ETFs) in the U.S., which would increase demand for the cryptocurrency.
Key Points
1) Ether (ETH), the second-largest cryptocurrency by market value, could rise nearly 70% from current levels and hit $4,000 by May.
2) Applications for spot-based exchange-traded funds (ETF) for Ether are likely to win regulatory approval in the U.S.
3) Standard Chartered Bank stated these points in a report on Tuesday.