Ethereum ETFs: Buy the Dip, or Steer Clear?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 13 2024
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Source: NASDAQ.COM
Ethereum Overview: Ethereum (ETH) is the second largest cryptocurrency with a market cap of $318 billion, currently priced at $2,669, and serves as a decentralized platform for applications and smart contracts, leading the decentralized finance (DeFi) market.
Investment Opportunities: The introduction of spot exchange-traded funds (ETFs) for Ethereum offers investors easier access to the asset without direct ownership, potentially attracting institutional investors and driving prices higher amidst current market volatility.
Analyst Views on EETH
Wall Street analysts forecast EETH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EETH is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 37.750
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Current: 37.750
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
