The recent data on Ethereum derivatives volume has shed light on the lack of confidence that investors seem to have in the Spot Ethereum ETFs. Despite the anticipated launch of these funds next week, the current market sentiment appears to be bearish. The annualized premium on Ethereum’s fixed-month contracts is only at 11%, indicating that
Ethereum
With the upcoming launch of spot Ethereum ETFs on the horizon, Chief Investment Officer of Bitwise, Matt Hougan, is optimistic about the potential impact of these ETF inflows on driving the price of Ethereum to new record highs. Hougan believes that the introduction of spot Ethereum ETFs could result in a surge in the value
The recent news surrounding the potential launch of Spot Ethereum ETFs has caused a surge in Ethereum’s price, with various analysts predicting new all-time highs for the second-largest cryptocurrency. Bloomberg analyst Eric Balchunas shared that the ETFs could start trading by July 23, pending final paperwork submissions and approval from the US Securities and Exchange
Crypto analyst Linda has recently made a bold prediction regarding Ethereum (ETH), suggesting that the cryptocurrency could potentially reach $4,000 in value. The key factor driving this forecast is the potential approval of Spot Ethereum ETFs. Linda highlighted the positive sentiment surrounding these funds, with many traders eagerly awaiting news from the US Securities and
Justin Sun, the founder of Tron, recently made headlines with his $5 million investment in Ethereum (ETH), the world’s second-largest cryptocurrency. This move came as the FOMO surrounding Spot Ethereum ETFs continues to grow stronger in the crypto market. Sun’s investment of $5 million allowed him to buy 1,614 ETH tokens at an approximate price
An Ethereum whale’s recent transaction has stirred panic within the community, hinting at a possible sell-off of their holdings. The transfer of 11,215 ETH ($34.3 million) to Coinbase suggests a significant amount of tokens being moved, which could potentially impact ETH’s price. Many traders interpret such moves as a signal to sell, leading to speculations
Semilore Faleti is a prominent figure in the field of cryptocurrency journalism and content creation. With a specialized focus on blockchain technology and digital assets, Semilore has dedicated himself to unraveling the complexities and intricacies of the crypto world. His passion for the efficiency of digital assets in storing and transferring value has led him
The current crypto market is facing a turbulent phase, with Ethereum experiencing a significant downturn of nearly 15% in the past week. This negative price performance has led Peter Schiff, a well-known economist and critic of cryptocurrencies, to project a grim prediction for Ethereum. According to Schiff, Ethereum could plummet to as low as $1,500,
Ethereum (ETH) has been facing a tough time in the recent cryptocurrency market bloodbath. With a 9% price decline in the past week, ETH is currently sitting at the $3,130 level. The market is watching closely as key levels are being tested to avoid further losses and liquidations. As highlighted by crypto analyst “Inspo Crypto,”
Ethereum (ETH) is currently facing a significant downturn, with its price rapidly approaching the crucial support level of $3,051. This sharp decline has brought about increased selling pressure and growing bearish sentiment in the market. Traders are closely monitoring Ethereum’s behavior as it nears this critical threshold, looking for signs of either stabilization or further
