In a promising turn of events for the cryptocurrency market, asset managers are eagerly anticipating the launch of new spot Ethereum ETFs, pending approval from the US Securities and Exchange Commission (SEC). Bitwise Chief Investment Officer (CIO) Matt Hougan has shared his insights on the potential of these ETFs, foreseeing significant inflows into the regulated
Ethereum
Dalmas Ngetich, a seasoned crypto reporter, has made a significant impact on the industry with his unique perspective. With a specialization in NFTs, blockchain, DeFi, and blockchain news, combined with a background in mechanical engineering and over a decade of experience in journalism, Dalmas has crafted over 10,000 news and feature articles over the past
Ethereum, the second-largest cryptocurrency based on market capitalization, is currently in a phase of consolidation. This period of stability in the price of Ethereum has left traders and investors uncertain about the future direction of the cryptocurrency. With Ethereum’s price hovering around key support and resistance levels, market participants are cautiously monitoring technical indicators and
Crypto analyst and trader Tyler Durden has recently expressed his bullish sentiment towards Ethereum (ETH) in the cryptocurrency market. Durden believes that the rise of ETH to $10,000 is inevitable and is encouraging traders to go with the tide. In a social media post, Durden stated that Ethereum to $10,000 is the “most asymmetric bet”
Renowned crypto analyst Jelle has made a bold prediction, suggesting that Ethereum (ETH) is poised to reach $5,000 by the end of the year. This optimistic outlook is backed by a thorough technical analysis, pointing towards a significant price surge for the second-largest cryptocurrency by market capitalization. Following a correction from its March high of
Recently, the Ethereum Foundation made a significant transaction involving millions of Ethereum (ETH) tokens. Crypto journalist Colin Wu shared on social media that a wallet linked to the Ethereum Foundation transferred a substantial amount of ETH to a new address. The transfer of 18,089 ETH, equivalent to $64.4 million, has raised concerns within the crypto
Recent discussions among industry experts have shed light on the anticipated timeline for the commencement of trading for Spot Ethereum ETFs. Bloomberg analysts Eric Balchunas and James Seyffart have provided updates on their expectations regarding the launch of these funds. Balchunas took to social media to communicate that they have adjusted their forecasted launch date
Ethereum has recently experienced a surge in withdrawals from centralized exchanges, indicating a positive sentiment among crypto investors. Notably, the amount of ETH being withdrawn from exchanges has reached its peak in 2024, with both small and large investors participating in this trend. The largest crypto exchange in the United States, Coinbase, witnessed a significant
Ethereum has experienced a significant price drop of approximately 15% from the highs of March 2024. This downward pressure has erased all the gains that were achieved from May 20. Despite this bearish trend, on-chain data suggests that there is a positive outlook for Ethereum. An analyst highlighted a surge in ETH demand, particularly from
Ethereum’s price struggled to recover above the $3,650 resistance level, signaling bearish signs for the cryptocurrency. Despite an initial attempt to rally, ETH failed to gain momentum and settled below the key resistance level. Following the failed recovery, Ethereum experienced a fresh decline below the $3,550 support zone. The price is now trading below $3,550
