CoinShares’ head of research, James Butterfill, has expressed his belief that Ethereum (ETH) could experience a significant surge in value due to favorable market conditions. In an interview with Scott Melker, Butterfill explains that a potential pivot by the Federal Reserve could have a positive impact on both Bitcoin (BTC) and ETH. He suggests that Ethereum may experience additional upward momentum as a result of the launch of spot market ETH exchange-traded funds (ETFs) and a shortage in supply caused by a large number of investors staking the altcoin. Butterfill predicts that the first rate cut by the Fed will be larger and later than expected, which would be bullish for Bitcoin. He also highlights the low circulating supply of Ethereum due to staking, and anticipates a supply squeeze when the new ETFs are launched in July. As a result, he expects Ethereum prices to rise sharply. At the time of writing, Ethereum is trading at $3,761, experiencing a 2% decrease in the past 24 hours.