The cryptocurrency market is abuzz with the recent approval of Ethereum ETFs, sparking discussions among investors and analysts.

Following last week’s approval of the spot Ethereum ETF, Ethereum's price surged to $3,959 before settling at $3,757.

While reaching $3,900 marks a significant rise, it falls short of the dramatic increase many expected after the US SEC’s approval.

**Related Reading: Analyst Says Ethereum Flippening Bitcoin Is Only A Matter Of Time: Here’s Why**

Is Spot Ethereum ETF Approval Priced In?

Experts are divided on whether the approvals’ impact is fully reflected in the market. Arthur Cheong from DeFiance Capital suggests the market hasn't yet adjusted to this major change, indicating that such a shift can't be instantly priced in.

Brian Rudick from GSR agrees, noting that the pattern seen with spot Bitcoin ETFs might repeat with ETH, with significant price movements occurring both before and after the ETF launches.

Despite Ethereum’s recent gains, these experts believe the ETF approvals' full potential isn't yet priced in.

Rudick predicts ETH's future price will depend on the inflows into the new spot Ethereum ETFs, forecasting a possible “50-100% increase” from earlier in the month due to strong inflows.

Danny Chong from Tranchess sees the approval as only partially “priced in,” anticipating volatility and “sideways trading” short term as the market adjusts to changing demand and supply dynamics. Chong believes the spot ETH ETFs could drive increased institutional adoption and stabilize Ethereum’s long-term prices.

**Expert Forecasts $1.8 Trillion Market Cap Post-ETF Approval**

Michael Nadeau, founder of The DeFi Report, analyzed the potential effects of Ethereum’s spot ETF approval on its market trajectory. He suggests the entire crypto market could reach a $10 trillion market cap, with ETH potentially achieving a market cap of $1.8 trillion, pushing its price to approximately $14,984, assuming constant supply. For comparison, he notes that if Bitcoin reached a $4 trillion market cap, its price could soar to $202,000.