Ethereum (ETH), the second-largest cryptocurrency by market cap, has experienced a notable exodus from centralized exchanges in recent weeks. Data suggests a growing preference for holding ETH outside of trading platforms. Ethereum Outflow Reaches $1.2 Billion Blockchain analytics firm IntoTheBlock reported a staggering $500 million worth of ETH exiting exchanges last week, contributing to a…
Approval Date for Ethereum ETFs Expected The Securities and Exchange Commission (SEC) is likely to follow a similar approach to approving spot Bitcoin (BTC) exchange-traded funds (ETFs) for spot Ethereum ETFs. Standard Chartered Bank analysis suggests that approval will be granted on the initial final deadline of May 23. Delays Possible, Approval Still Likely According…
Analyst’s Prediction Crypto analyst Eric sees Ethereum (ETH) potentially reaching $20,000 during the next bull run. He attributes this prediction to the potential launch of spot Ethereum exchange-traded funds (ETFs) in the United States. Historical Comparison Eric highlights Ethereum’s historical tendency to follow Bitcoin’s (BTC) price movements, albeit with a one-cycle lag. In the previous…
Cryptocurrency expert Benjamin Cowen believes that Ethereum (ETH) is poised for a substantial correction, possibly dipping below the $1,000 mark. Speaking to his extensive YouTube audience in a recent strategy session, Cowen suggests that ETH tends to challenge its significant cycle lows at least twice before entering a new bullish phase. Reflecting on historical data,…
Alright, folks, let’s talk about Ethereum’s rollercoaster ride. At the start of 2024, ETH was riding high, hitting levels not seen since May 2022. But as fate would have it, the party didn’t last, and the value took a tumble after January 12. Ethereum’s Slippery Slope Checking out the technical analysis on the weekly timeline,…
Hey crypto enthusiasts! So, Ethereum (ETH) took a bit of a dip recently, but guess what? It’s still hanging tough above a crucial support level. The question on everyone’s mind: will $2,400 be the hero holding the line? ETH Rollercoaster: Up, Down, and Sideways Since October 2023, ETH has been on a rollercoaster ride within…
After the recent approval of spot bitcoin ETFs by the US Securities and Exchange Commission (SEC), attention now turns to the anticipated ruling on ether funds. The approval of spot bitcoin ETFs marked a significant milestone, but the path for ether ETFs may not be as straightforward, according to industry insiders. In September, Ark Invest…
Joseph Lubin, the co-founder of Ethereum and CEO of Consensys, is optimistic about the massive influx of capital waiting on the sidelines for the introduction of crypto exchange-traded funds (ETFs). In a recent chat with CNBC, Lubin shared insights into the substantial amount of money, possibly in the hundreds of billions, held by professionals in…
the man behind Tron (TRX), Justin Sun, and some unidentified big-shot crypto enthusiast have been on an Ethereum (ETH) shopping spree. According to the folks at Lookonchain, a company that keeps tabs on blockchain activities, Sun and his crypto companion have bagged a whopping $182 million worth of Ethereum since December 26th. Whale Alert: 0x9314…
Ethereum (ETH) had a bit of a lackluster run in 2023, only managing to pull off a modest 90% increase. The big question now is whether 2024 will be the year it turns things around or if it will continue trailing behind. Let’s dive in and see what’s cooking! Ethereum Takes a Breather After a…
