SEC’s Potential Approval of Spot Ethereum ETFs Ethereum’s price has skyrocketed 20% in the past day due to the potential approval of Spot Ethereum ETFs by the Securities and Exchange Commission (SEC). Bloomberg analysts Eric Balchunas and James Seyffart have raised their odds of approval to 75%. Whale Activity Ethereum whales have also contributed to…
After rumors of a renewed chance of approval for Ethereum exchange-traded funds (ETFs), traders on Binance have been aggressively buying Ethereum. Surge in Long Positions The Ethereum Net Taker Volume on Binance, which measures the difference between buy and sell volumes, has spiked to its highest level ever. This indicates that more traders are buying…
Liquidation Frenzy Over the past 24 hours, the crypto market has seen a massive wave of liquidations, with over $330 million wiped out. Short traders, who bet on prices falling, bore the brunt of the losses, accounting for 81% of the total. Ethereum Outshines Bitcoin Unlike previous liquidations, Bitcoin took a backseat this time, with…
Technical Analysis Ethereum is nearing the end of a falling wedge pattern, a bullish sign. If it can break above the wedge’s upper boundary, it could surge towards $4,000. Market Sentiment Ethereum is currently trading above $3,000 and has shown modest gains in recent days. It’s consolidating just above this level, possibly indicating a build-up…
Analyst’s Prediction A crypto expert named Yoddha has made a bold prediction: Ethereum (ETH) will embark on a massive rally to $10,000 by the end of 2024. Historical Trends Yoddha’s prediction is based on historical data from 2016 to 2024. Ethereum has experienced periods of accumulation, volatility, and sharp rises in the past. Current Accumulation…
Technical Indicator Signals Potential Upturn Ethereum, the second-largest cryptocurrency, has been showing signs of a potential rebound. Analyst Ali has highlighted a key technical indicator, the TD Sequential, which has issued a buy signal on Ethereum’s daily chart. This suggests a possible upward movement in the next one to four candlesticks. Recent Performance and Market…
Crypto analyst Javon Marks highlights several positive indicators for Ethereum (ETH): Bullish Metrics Bull flag pattern: Forming on the price chart, indicating a potential breakout. Higher lows: Price action shows increasing support levels. Hidden bullish divergence: RSI indicator suggests a bullish trend despite price fluctuations. Marks predicts a potential new all-time high (ATH) for ETH,…
Options Market Sentiment Traders are betting big on Ethereum (ETH) reaching new heights in June. Options data shows a surge in interest in higher strike prices, with a focus on levels above $3,600. This indicates a bullish outlook for Ethereum’s short-term trajectory. Call Options Dominate Options contracts give traders the option to buy (calls) or…
Ethereum (ETH) has been struggling lately, dropping 6.45% in the past week. Over the past few months, it has lost 16.57% of its value. Whale Liquidates Ethereum Holdings A crypto whale recently sold all of their 6,714 ETH tokens for $19.5 million. Despite the large profit, the investor actually lost $6.5 million based on the…
Despite recent criticism, Ethereum expert Ryan Berckmans believes we’re entering the “Age of Ethereum.” Ethereum’s Strengths Berckmans argues that Ethereum’s fundamentals are strong, despite challenges: Competition from Bitcoin’s Layer 2 (L2) apps: Berckmans dismisses these apps as inferior to Ethereum’s mature platform. Regulatory hurdles from the SEC: Berckmans believes the SEC won’t succeed in classifying…
