Benzinga – The cryptocurrency market has seen a surge of interest in 2024, driven in part by the recent approval of Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC). This regulatory move has enabled new investors to access Ethereum, the second-largest cryptocurrency, which experienced a 1.21% increase following the announcement.
In response to the ETF approval, Benzinga conducted a poll on X to assess at what price points investors might sell their Ethereum.
The poll revealed that 50% of respondents would sell their Ethereum if it surpassed $10,000, while 23.6% would consider selling at $5,000. Additionally, 26.4% of respondents indicated they would hold Ethereum regardless of its price.
Performance History And Current Trends
Ethereum reached an all-time high of $4,891.70 on Nov. 16, 2021, and has traded as high as $4,092.28 in the past year. Despite the positive momentum from the ETF approval, Ethereum has…
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