Ethereum's a straightforward token. If the bitcoin etf is accepted we can legitimately expect for the top 10 large mcap tokens to reach new all time highs. People that have bought at 60k (btc) will finally be in the green and everyone that's currently at a loss with Ethereum will also genuinely be able to sell. That's just how life will be like in the future when the whole etf thing is done and dusted with.
It's important to keep in mind just how volatile ethereum can sometimes be. ETH is currently at a price of 2100$ which is pretty high considering it dipped down to 700$ earlier this year...that's a 200%+ increase.
Not that long ago, a person who participated in the ICO of ethereum said they'd be selling 3000 eth. It had been originally worth 2 cents when they got the airdrop...it's now worth 6.3 million dollars....purely mind-blowing.
It's sometimes hard to see the future value in ethereum because of just how volatile things seem to be in the present moment..but after the release and approval of the multiple ethereum ETFs that're currently processing throughout the SEC...ethereum's going to be skyrocketing to 10000$ - easily. There's no doubt in my mind that the whole token might just explode to 28000 like some experts have guessed and genuinely predicted it being at a year from now. All we know is that bitcoin has a relatively big role in influencing ethereum which is exactly why it'll reach 10000$ before we even know it.