Recent discussions have been swirling around the anticipated launch date of the Spot Ethereum ETFs, with Bloomberg analysts Eric Balchunas and James Seyffart providing their insights on the matter. Balchunas took to social media to announce that they are now looking towards July 2 as the potential date for the launch of these funds. This
Ethereum
Recent data has shown a significant increase in the number of notable withdrawals of Ethereum from centralized exchanges. This trend suggests that crypto whales are expecting a recovery in price, leading to a decrease in the ETH balances on exchanges to their lowest level in years. The uptick in withdrawals has been observed across both
Ethereum is currently facing downward pressure in the market, with a significant drop of approximately 15% from its peak in March 2024. This decline has erased all the gains that were made since May 20. Despite this bearish trend, on-chain data is pointing towards a more optimistic outlook for Ethereum. Analysts have noted a notable
Ethereum has once again faced challenges in its attempt to recover above the $3,650 resistance level. Despite an initial push to break through, ETH failed to sustain momentum and is now showing bearish signs below $3,600. The failure to establish a foothold above key resistance levels has raised concerns among traders and analysts. Looking at
Ethereum’s price recently faced a hurdle at the $3,720 resistance level, failing to break through. This failure resulted in a fresh decline, putting ETH at risk of further losses below the $3,550 support zone. The inability to surpass the resistance could signal a bearish trend in the near future. Following the rejection at the resistance
Ethereum (ETH) has recently experienced a surge in price, nearing the $4,000 mark. This increase in price has been met with renewed market enthusiasm following the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. CoinShares reported a total of $2 billion in inflows to digital asset investment products,
Ethereum (ETH) has experienced a significant price drop below the 4-hour Simple Moving Average (SMA), signaling a potential shift in market sentiment from bullish to bearish. This technical development is crucial for traders and investors as it can indicate increased selling pressure and a possible downward trend continuation. The implications of this price movement extend
Ethereum’s price recently experienced a downside correction from the $3,885 resistance zone, leading the cryptocurrency to fall below $3,800. This correction came after Ethereum failed to surpass the $3,880 resistance level, signaling a bearish trend in the market. The price is currently trading below $3,840 and the 100-hourly Simple Moving Average, indicating further potential for
Asset manager VanEck recently updated its forecast for Ethereum (ETH) and now projects that the second-largest cryptocurrency could potentially reach $22,000 by the year 2030. This new prediction represents a significant increase from their previous estimate of $11,800 by the same year. VanEck attributes this revised outlook to the anticipated launch of Spot Ethereum ETFs,
Recent data has revealed a significant drop in the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges. The supply of BTC on exchanges has decreased to 11.6%, while ETH supply has dropped to 10.6%. This indicates that crypto whales are accumulating these tokens and transferring them to self-custody. The decrease in exchange balances suggests
The recent approval of Ethereum Spot ETFs by the US Securities and Exchange Commission (SEC) has created a stir in the financial markets. Several prospective issuers have filed amended versions of their S-1 forms, indicating a potential surge in interest in launching Ether Spot ETFs. This development follows a directive from the commission that required
The cryptocurrency world has been witnessing a surge in activity from Ethereum whales, the Goliaths of the market. Recent on-chain data has revealed significant movements from large investors, potentially influenced by the recent approval of spot Ethereum exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). This increased engagement from whales adds an
Ethereum (ETH) is currently experiencing a significant technical breakout in the market, potentially setting the stage for a surge in value. Analyst Jelle points out that Ethereum has recently broken out from a bearish pattern known as the “falling wedge,” flipping key resistance levels into support zones. This breakout has propelled Ethereum towards the $4,000
Recently, Ethereum has gone through a critical week that has the potential to shape its future trajectory. A technical candlestick arrangement is indicating that ETH prices could be gearing up for a significant upturn in the near future. By examining the events on the monthly chart, one analyst has noted that the ETH/BTC ratio is