Interpreted Prediction
Predicted that if an Ethereum Spot ETF is approved, Ethereum's price growth will mimic Bitcoin's, starting slow and then accelerating.
AI Evaluation Notes
The US SEC approved spot Ethereum ETFs on May 23, 2024, with trading commencing on July 23, 2024, making it time to evaluate. Following approval and launch, Ethereum's price movement was largely described as minor, flat, or even experiencing a 'sell-the-news' decline, rather than the predicted 'slow at first and then it will pick up' growth pattern mimicking Bitcoin's post-ETF approval behavior. Bitcoin also experienced initial price drops after its spot ETF approval.
Prediction Details
Ticker
Target
Ethereum's price growth will follow Bitcoin's pattern (slow then accelerating)
Predicted
date
After a potential Ethereum Spot ETF approval