In the fast-paced world of cryptocurrencies, Ethereum has been generating a significant amount of buzz recently. This buzz has only been amplified by Michaël van de Poppe, CEO of MN Trading, who has made a bold prediction about the future of Ethereum. Van de Poppe’s forecast suggests that Ethereum could see a substantial increase in
Ethereum
The recent surge in the Ethereum (ETH) price has sparked celebrations within the crypto community. However, amidst the excitement, renowned Bitcoin ETF expert Fred Krueger has expressed a starkly contrasting opinion. Krueger, a Wall Street veteran and prop trader, took to social media platform X (formerly Twitter) to voice his skepticism about the current valuation
Recently, global asset management firm Bernstein has expressed strong confidence in the possibility of the United States Securities and Exchange Commission (SEC) approving an Ethereum Spot ETF. Analysts Gautam Chhugani and Mahika Sapra from Bernstein believe that Ethereum, the second-largest cryptocurrency in the world, may be the next digital asset to receive an ETF approval
Ethereum has recently broken through the $2,900 level, signaling a significant uptrend in its price. While Bitcoin has been moving sideways, Ethereum has shown a strong surge of almost 4% in the last 24 hours. This price movement has brought Ethereum to the $2,900 mark for the first time since May 2022. Investors in Ethereum
Ethereum (ETH), the second-largest cryptocurrency in the world, is showing strong momentum this week as it edges closer to the coveted $3,000 mark. The surge in ETH’s price is driven by several factors, with one of the key drivers being the growing popularity of ETH staking. As Ethereum 2.0 gains traction, more investors are choosing
In recent weeks, Ethereum has experienced a surge in its market price, indicating an increasing demand for the asset. This article analyzes the strategy of an Ethereum whale and explores the optimism surrounding Ethereum’s potential growth. According to the on-chain analytics platform Lookonchain, an unknown whale has been actively accumulating Ethereum by utilizing the revolving
Wall Street giant and asset manager Franklin Templeton recently submitted an application for an Ethereum Spot Exchange-Traded Fund (ETF) after facing challenges in gaining approval for their Bitcoin Spot ETF earlier this year. Many asset managers have turned to the Ethereum spot ETF following the United States Securities and Exchange Commission’s (SEC) approval of the
In a recent development, Ethereum [ETH] co-founder Jeffrey Wilcke’s wallet has made a notable deposit of 4,300 ETH to a cryptocurrency exchange. This deposit, which amounts to 22,000 ETH, valued at approximately $41.1 million at the time, has injected renewed interest and excitement into the market. Despite this substantial deposit, the overall trend of Ethereum’s
The options market for Ethereum (ETH) has revealed an interesting and noteworthy pattern. Deribit, a leading platform for crypto futures and options trading, has reported a significant concentration of call options around the $4,000 strike price for both the June and September expiries. This indicates a concentrated expectation among traders that the price of Ethereum
Prometheum, a trading platform specializing in crypto securities assets, has made headlines with the recent announcement of its custodial services for Ethereum (ETH). This move holds significant implications for the legal status of Ethereum, the second-largest cryptocurrency by market capitalization. Unlike other crypto exchanges, Prometheum’s strategy is to operate within existing laws and compel regulators,
Ethereum staking has been gaining traction despite the lackluster performance of ETH’s price in the past year. Liquid staking protocols like Lido Finance have witnessed a significant increase in the amount of ETH being staked. As a result, the total supply of staked ETH has reached an all-time high. Lido Finance recently reported that the
On-chain data reveals a promising signal for Ethereum as the cryptocurrency surpasses the $2,400 barrier. A recent analysis of the exchange netflow indicator sheds light on the correlation between Ethereum’s price and this metric. The exchange netflow metric tracks the net amount of an asset entering or exiting centralized exchange wallets. Positive values indicate that
Ethereum (ETH) has recently achieved a significant milestone in its 2024 roadmap with the successful launch of the Dencun upgrade on the final Holesky testnet. This development marks a crucial step towards implementing the upgrade on the mainnet, thereby improving transaction efficiency, scalability, and reducing transaction fees by up to 90%. In response to this
As the cryptocurrency market experiences a wave of bullish momentum, Ethereum (ETH), the second largest cryptocurrency asset, is expected to undergo a significant price surge in the coming months. Analysts at Altcoin Daily have highlighted three major factors that they believe will propel the price of Ethereum to new heights. One of the key drivers