Andrey Stoychev, Head of Prime Brokerage at Nexo, has predicted that Ethereum price could hit $10k if it succeeds in getting the spot Ethereum Exchange Traded Funds (ETF) approved by the United States’ Securities and Exchange Commission ( SEC).

According to CoinTelegraph, Stoychev said the US SEC approval of Ethereum spot ETF could take months, but it might become the main catalyst catapulting the price of the second largest cryptocurrency to $10k.

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