Standard Chartered Predicts ETH Price Surge to $4,000 After SEC Approval of ETF by May 23

Standard Chartered Bank predicts that the SEC will approve Ethereum (ETH) exchange-traded funds (ETFs) by May 23, which could lead to a rise in ETH price to $4,000. The bank's Head of Forex and Digital Assets Research, Geoffrey Kendrick, believes that the SEC's favorable disposition towards Ethereum, as well as the listing of ETH futures on the Chicago Mercantile Exchange, could lead to the approval of ETH ETFs. Kendrick also expects ETH to outperform Bitcoin during the comparable period, and that the approval of ETFs could lead to less selling pressure on ETH compared to Bitcoin.