Ethereum’s Surge and Expert’s Doubts Ethereum (ETH) has hit $3,000 for the first time since April 2022. However, Fred Krueger, a Bitcoin ETF expert, warns that the price is “completely detached from reality.” Why Ethereum May Be Overvalued Krueger points out that Ethereum’s active daily users have dropped from 120,000 in 2021 to just 66,000….
SEC Approval on the Horizon According to Bernstein, a leading asset management firm, the SEC is likely to approve an Ethereum Spot ETF. This would make Ethereum the second cryptocurrency, after Bitcoin, to gain SEC approval for an ETF. Timeline for Approval Bernstein predicts that an Ethereum Spot ETF could be approved by May 2023,…
Ethereum’s Rise Ethereum has surged past $2,900, marking its highest point since May 2022. This jump comes as Bitcoin has been moving sideways, highlighting Ethereum’s independent path. Profitable Week for Investors Over the past week, Ethereum investors have enjoyed profits of over 16%, outperforming Bitcoin’s 8% gains. Futures Market Overheating However, there are concerns about…
Bullish Momentum: Staking and ETF Surge Ethereum (ETH) is on the rise, edging closer to the $3,000 mark. Several factors are driving this bullish sentiment: ETH Staking Popularity: More investors are locking their ETH into staking contracts, reducing the available supply and creating upward price pressure. ETF Potential: The possible approval of an Ethereum Exchange-Traded…
Ethereum Developers Blocking Updates A developer named Foobar says that Ethereum developers aren’t making important improvements to the network. This has led projects, including meme coin issuers, to move to other platforms. Missing Features and High Fees Foobar says that Ethereum hasn’t had any major updates because core developers are blocking them. This includes features…
Ethereum has seen a significant surge in its market price recently, reaching a one-month high. Amid this uptick, an Ethereum whale has made headlines for their bold strategy. Strategic Accumulation Amid Rising Prices According to Lookonchain, an anonymous whale has been actively increasing their Ethereum holdings through the Spark platform’s revolving loan feature. This DeFi…
Franklin Templeton Files for Spot Ethereum ETF Franklin Templeton, a prominent Wall Street titan and asset manager, has submitted an application for an Ethereum Spot Exchange-Traded Fund (ETF). This move follows their unsuccessful attempt to secure approval for a Bitcoin Spot ETF in early January. Surge in Interest for Ethereum Spot ETF The Ethereum spot…
Introduction: The newly introduced Ethereum token standard, ERC-404, made a grand entrance in the crypto market, outshining many other digital assets. However, as Bitcoin (BTC) regained momentum, investors shifted their focus, leading to a notable decline in the ERC-404 ecosystem. Significant Market Capitalization Drop: ERC-404 sector experienced a significant decline, with an overall market capitalization…
The recent surge in popularity of ERC-404 tokens has led to a significant increase in Ethereum gas fees, reaching levels not seen since March 2023. Ethereum Gas Fees Skyrocket On February 9, 2024, Ethereum gas fees reached an average of 71.4 Gwei, with a maximum of 59,956 Gwei and a minimum of 34.4 Gwei. This…
Significant Deposit and Market Impact In a recent development, Ethereum co-founder Jeffrey Wilcke’s wallet made a notable deposit of 4,300 ETH to a cryptocurrency exchange, totaling 22,000 ETH, valued at approximately $41.1 million. This deposit has injected renewed interest and excitement into the market, despite the overall trend of Ethereum’s netflow remaining unaffected. Netflow Analysis…
