Ethereum Price Predicted to Hit $5,000 Following ETF Launch

Matt Hougan, Bitwise Asset Management's CIO, predicts Ethereum's price will exceed $5,000 after the launch of Ethereum ETFs. He highlights that ETF inflows will create significant new demand, propelling ETH to all-time highs. Hougan cites Ethereum's zero inflation rate, lower forced selling from stakers, and a substantial portion of ETH being locked in DeFi contracts as key factors for this bullish outlook. The anticipated $15 billion in new assets from ETFs over 18 months could drive ETH from its current price to new heights.

_{Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.}