Hello friends of Project HOPE, I hope that in the middle of the week everything is progressing in the best way for all of you.

Every day I am assessing the market, and logically I am also reviewing all the news that is constantly emerging around cryptocurrencies, especially the most important ones in terms of capitalization, because these may be the ones that determining where the market is going to go at a particular time.

But there is a piece of news that is making a lot of noise, and based on that there is even more speculation. And it has to do with the new Ethereum update. I do not intend to delve into it, because it is not the idea of ​​this publication, but rather I want to share with you what I think could happen to the price of Ethereum and the reasons why I see that this may be so.

Ethereum is by far the main altcoin, hence the importance of things happening in and with it, as it generally positively affects the other altcoins.

And beyond the new update, which will imply a possible decrease in transaction costs in that blockchain, something that undoubtedly limits many from entering it, there is the fact that the application for Ethereum spot ETFs is also coming soon. .

This in particular can be an important catalyst for its price. There is very great speculation based on the price it can reach, some even talking about $10,000 per unit.

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I don't know if this will really be the price in the medium term, but making a comparison with what has happened with Bitcoin after the approval of ETFs, and the amount that is being purchased, increasing demand while supply is close to decreasing Because of the halving, I think something similar could happen with Ethereum.

For example, with the update something positive will be added to the blockchain itself, and if we also take into account that ETFs will most likely be approved, having the precedent of BTC, then a price like the one that some predict could reach .

This is not investment advice, each person should be responsible for educating themselves if you decide to make an investment. I hope this post is useful to you, I say goodbye.

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