Options Traders Bet on $4,000 Ethereum Ethereum (ETH) options traders are betting big, with a significant concentration of call options around the $4,000 strike price for both June and September expiries. This indicates that traders expect the price of Ethereum to rise to or above $4,000 by these dates. Factors Influencing $4,000 ETH Options Strike…
Prometheum’s Strategy Prometheum, an alternative trading platform for crypto securities, recently launched custodial services for Ethereum (ETH). This move has significant implications for the legal status of ETH, the second-largest cryptocurrency by market capitalization. Prometheum’s strategy is to compel regulators, particularly the Securities and Exchange Commission (SEC), to recognize Ethereum as a security. The company…
Ethereum’s Exchange Netflow Indicator Signals Bullish Momentum Exchange Netflow: Tracks the net amount of Ethereum entering or exiting centralized exchanges. Positive Value: Indicates more inflows than outflows, potentially leading to selling pressure. Negative Value: Indicates more outflows than inflows, suggesting accumulation for long-term holding. Recent Trend in Ethereum Exchange Netflow: 14-day EMA: Mostly negative, indicating…
Ethereum staking has reached a significant milestone, with over 25% of the total ETH supply now staked. This is despite the poor performance of the ETH price over the past year. Staking on the Rise Liquid staking protocols like Lido Finance have seen a steady increase in the amount of ETH being staked. As a…
Overview Ethereum (ETH) has made significant progress in its 2024 roadmap with the successful launch of the Dencun upgrade on the final Holesky testnet. This crucial step brings Ethereum closer to deploying the upgrade on the mainnet, signaling its commitment to improving transaction efficiency, scalability, and reducing transaction fees by up to 90%. Dencun Upgrade…
Ethereum (ETH), the second largest cryptocurrency, is expected to experience a significant price increase in the coming months. Several prominent crypto analysts have identified three key factors that could contribute to this surge. 1. Ethereum Beacon Upgrade: The impending Ethereum Beacon Upgrade is a major driver for the anticipated price increase. Scheduled for Q1 of…
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,…
