Foundation Wallet Outflows In previous Ethereum bull markets, the Ethereum Foundation has sold large amounts of ETH around market peaks. This has been reflected in negative netflows for the Foundation’s wallets. However, during the current bull market, the Foundation’s netflows have remained neutral despite the price increase. This suggests that the Foundation has not been…
Market Demand for Ethereum ETFs Bitwise CIO Matt Hougan predicts a significant demand for spot Ethereum ETFs, with an estimated $15 billion in inflows within the first 18 months of trading. This estimate is based on market data that shows investors allocate funds to Bitcoin and Ethereum ETFs in proportion to their market capitalizations. Comparison…
Ethereum’s value has dropped about 18% since March 2024. Despite the current bearish trend, analysts remain optimistic. Rising Institutional Interest Data from the Chicago Mercantile Exchange (CME) shows a surge in open interest for Ethereum futures. This indicates that institutions are buying up ETH, potentially driving prices higher. This trend is similar to what happened…
Ethereum’s Potential Crypto analyst degentrading predicts that Ethereum (ETH) will reach $6,000 by September 2024. He bases this on the increase in CME open interest and the anticipated launch of US spot Ethereum ETFs. Factors Supporting the Prediction ETF Launch: The launch of spot Ethereum ETFs could unlock a large influx of capital into the…
Ethereum, the second-biggest crypto, is at a crossroads. Its price has been stuck in a narrow range lately, leaving traders guessing what’s next. Current Situation Ethereum’s price is currently hovering around $3,600. It’s been bouncing between a support level of $2,865 and a resistance level of $4,099. Technical Analysis 4-Hour Chart: Ethereum’s price is moving…
Crypto analyst Tyler Durden believes Ethereum (ETH) is destined to reach $10,000. He argues that the rise is inevitable and advises traders to embrace it. Spot Ethereum ETFs: A Catalyst for Growth Durden highlights the importance of Spot Ethereum ETFs in driving ETH’s price upward. He suggests that Wall Street has invested heavily in ensuring…
Ethereum’s Recovery and Potential Analyst Jelle predicts Ethereum (ETH) will reach $5,000 by the end of 2024. This forecast is based on Ethereum’s recent stabilization above $3,500 after a correction from its March high. Market Dynamics Despite a brief dip last Friday, Ethereum has recovered and is currently trading around $3,500. Jelle believes this stabilization…
The Ethereum Foundation has moved $64.4 million worth of ETH to a new address. This has sparked concerns about a potential dump, as the Foundation has a history of selling ETH at the top of the market. Past Sales and Market Impact Since the beginning of 2024, the Foundation has sold over 1,700 ETH. These…
Launch Date Bloomberg analysts Eric Balchunas and James Seyffart predict that Spot Ethereum ETFs will begin trading on July 2nd. The Securities and Exchange Commission (SEC) has reportedly sent fund issuers comments on their S-1 filings, which are said to be minor. Fund issuers are expected to file amended registrations within a week. Impact on…
Surge in Demand from Permanent Holders Despite Ethereum’s recent dip, on-chain data shows a bullish picture. Permanent holders, likely institutions, have been buying heavily. On June 12, they purchased 298,000 ETH, the second-highest daily purchase on record. Institutional Positioning This surge in demand suggests that institutions may be positioning themselves in the market. They are…
