Ether Predicted to Hit $4,500 Before First Spot ETF Approval, Says DeFiance Capital CEO

The price of Ether could rally to $4,500 before the official approval of the first spot Ether exchange-traded funds (ETFs), according to Arthur Cheong, founder and CEO of DeFiance Capital. In a May 26 X post, Cheong informed his 167,000 followers: “4.5k before spot ETF goes live for trading [in my opinion].” As of 10:56 am UTC, Ether was trading at $3,903, up 2.57% in the previous 24 hours. If Cheong’s prediction proves accurate, Ether’s price would need to increase by over 15% to reach the $4,500 mark, based on data from CoinMarketCap. This prediction follows the U.S. Securities and