Ethereum’s unprecedented surge, fueled by news of a possible ETF approval, has led to bullish forecasts. Its value skyrocketed overnight on May 20th, with the price surging over $590 to $3,660, marking its largest single-day increase in market value to date. Billy Markus, the Dogecoin founder, hinted at a long-term bullish outlook for Ethereum due to this remarkable price surge and expressed his wish for Ethereum to reach $100,000. Markus also noted the crypto market’s volatility, unpredictability, and ironic timings, where personal buying or selling may immediately shift the market in opposite directions.

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