Ethereum (ETH) has been around for nearly a decade. The second-largest crypto by market cap has come a long way in its short history. ETH has been in the spotlight of late after positive developments around the possibility of a spot ETH ETF (Exchange Traded Fund), leading to a market-wide rally. However, the US SEC (Securities and Exchange Commission) has not approved the spot ETH ETF.
Also Read: BlackRock Files updated 19b-4 Form for Spot Ethereum ETF
If you invested $100 monthly into Ethereum (ETH) since its launch in 2015, you would have put in $10,600 till now. However, your portfolio’s value would have risen to over $2.5 million, a growth of around 23,738%.
Also Read: Top 3 Cryptocurrencies To Buy For 5X Gains In Anticipation Of Ethereum ETF Approval
Moreover, if you had invested $100 monthly since ETH’s launch till it reached its all-time high of $4,878.26 in November 2021, you would have put in $7,600. However, in this scenario, your portfolio’s value would have risen to $3.4 million, a growth of about 44,766%.
Ethereum (ETH) price prediction
According to CoinCodex, ETH’s price may consolidate around $3800 for most of June. The asset might not see any positive price movements until more developments around the spot ETF.
Also Read: Shiba Inu: How High Can SHIB Go if Ethereum ETF is Approved?
Changelly also predicts Ethereum (ETH) to consolidate around current price levels. However, the platform predicts ETH to hit a maximum price of $4,773.52 in 2024. Reaching $4,773.52 from current levels would translate to a growth of about 26%.
Telegaon, on the other hand, is more bullish on ETH than Changelly. The platform predicts the second-largest crypto to hit a new all-time high this year. Telegaon anticipates ETH to hit $5,854.04 in 2024, a rise of about 54.4% from current levels.