Following the SEC’s approval of Ethereum Spot ETFs, asset managers have been scrambling to file amendments to their S-1 forms. Among them, Franklin Templeton has made waves by announcing a low sponsor fee of 0.19%. Franklin Templeton’s Low Fees Franklin Templeton’s Ether spot ETF will charge a 0.19% fee, meaning investors will pay $1.90 for…
Ethereum is hovering around $3,700, but analysts are bullish, citing signs of accumulation by large investors. Whale Accumulation Data shows a surge in the number of Ethereum addresses holding over 10,000 ETH. This suggests that investors are buying up ETH, expecting further price increases. Technical Analysis Ethereum remains in a bullish breakout formation, with support…
Whale Activity Surges Ethereum whales, the crypto world’s heavy hitters, have been making big moves. Over the past 14 months, they’ve increased their holdings by almost 30%, amassing a whopping 21 million ETH worth $83 billion. This surge is likely fueled by the SEC’s approval of Ethereum ETFs, which has sparked confidence in the market….
Selling Pressure from Grayscale’s Outflows A report by Kaiko warns that Grayscale’s Spot Ethereum ETF could put downward pressure on Ethereum prices. This is because the fund has been trading at a discount and investors may sell their shares to take profits. Grayscale’s ETHE Fund Grayscale’s Ethereum Trust (ETHE) has over $11 billion in assets….
Ethereum Exchange Netflow Spikes On-chain data reveals a recent spike in Ethereum exchange netflow, indicating a potential increase in deposits. This metric measures the net amount of ETH entering or leaving exchange wallets. Positive Netflow: Bearish Signal? Positive netflow typically suggests investors are depositing ETH for selling purposes, which could lead to a price decline….
Ethereum (ETH) is making waves in the crypto market, breaking through key resistance levels and setting the stage for potential record-breaking price action. Breaking the Bearish Pattern Crypto analyst Jelle has identified Ethereum’s recent breakout from a “falling wedge” pattern, a technical indicator that often signals a bullish reversal. This breakout has flipped key resistance…
Technical Analysis Ethereum (ETH) has shown signs of a potential upturn based on a technical candlestick pattern. The ETH/BTC ratio has reversed from a long-term support trend line, which historically has led to altcoin price increases. Bullish Indicators Higher lows in the monthly chart suggest buyers are absorbing selling pressure. A double-bar bullish reversal pattern…
Limited Utility and Other Factors A Bloomberg ETF analyst, James Seyffart, predicts that Ethereum spot ETFs will attract less demand than Bitcoin spot ETFs. He cites several reasons for this: Market Cap Difference: Ethereum’s market cap is significantly lower than Bitcoin’s, which limits the potential for investment. ETF vs. Cryptocurrency Gap: The difference between Ethereum…
Ethereum’s price has been stuck in a range between $3,949 and $3,627 for the past few days. This is after a recent rally that saw the cryptocurrency rise over 10%. When prices consolidate like this, it means they’re building momentum to either break above or below the range. It’s hard to predict which way it…
MicroStrategy’s Bitcoin Holdings MicroStrategy, a leading business intelligence firm, has been accumulating Bitcoin (BTC) for years. As of May 24, they hold 214,400 BTC, worth over $14 billion. SEC Approves Ethereum ETFs Recently, the US Securities and Exchange Commission (SEC) approved spot Ethereum exchange-traded funds (ETFs). This means institutions can now invest directly in Ethereum….
