"A bold prediction but not very bold because there is still a little bit of ETH to reach that price."
Investors' eyes are on the second largest cryptocurrency Ethereum (ETH) as its price climbed to $3,938 shortly after the spot ETH ETF was approved by the Securities and Exchange Commission (SEC).
That streak, outspoken Bitcoin (BTC) businessman Andrew Tate has decided to turn his attention to ETH boldly predicting that its price will soon pass a significant milestone.
Following Tate's declaration that he would call his followers "losers" if ETH reaches $4,000, the prediction has fueled the crypto community's eagerness to examine whether or not his prediction will come true.
Please note that a positive development such as the spot approval of the ETH ETF will probably inject large institutional capital into the digital asset which will then significantly increase its price.
Not only that, ETH's continued technological advancements including wider use for decentralized finance (DeFi) and non-fungible tokens (NFT) on the ETH blockchain also played an important role in its value increase.
As of this writing, the price of ETH trading at $3,690 has recorded a slight gain of 3.22% in the past 24 hours with a market cap of over $443 billion but still gained 25.54% over the last week.
