Ethereum

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been facing a significant downturn in the past week, with a 9% price decline bringing it down to $3,130. The market is now closely watching crucial levels that need to be maintained to avoid further losses and potential liquidations. Analysts are highlighting the importance of the

Ethereum (ETH) is currently facing a significant downturn, with its price rapidly approaching the crucial support level of $3,051. This decline indicates an increase in selling pressure and a growing bearish sentiment in the market. Traders are closely monitoring Ethereum’s behavior for signs of either stabilization or further decline as it nears this critical threshold.

The recent setback in Ethereum (ETH) price, dropping back to the $3,400 support level after briefly surpassing $3,500, was primarily influenced by the delay in SEC approval for Ethereum ETF applications. The expected approval date was initially set for July 2 but has now been postponed to July 8. This delay has caused speculation and

Samuel Edyme, better known by his nickname HIM-buktu, is not your typical web3 content writer. His path into the world of cryptocurrencies was far from smooth sailing. Instead of starting with a successful investment, Edyme’s foray began with a scam – a Ponzi scheme that utilized crypto as payment. However, instead of being deterred by

With the impending launch of the first spot Ethereum ETFs in the United States, industry experts are speculating about the potential price impact on the second-largest cryptocurrency in the market. The US Securities and Exchange Commission (SEC) is expected to approve Ethereum ETFs by July 4, as discussions between asset managers and regulators reach their

The Chief Investment Officer (CIO) of Bitwise, Matt Hougan, recently provided insights into the potential inflows that US Spot Ethereum ETFs could attract. His analysis suggests that these funds could potentially receive significant investments in their first 18 months of trading. Hougan’s analysis is based on the market capitalizations of Bitcoin and Ethereum, with a

The cryptocurrency market is on the brink of a major development with the impending launch of new spot Ethereum ETFs, pending approval from the US Securities and Exchange Commission (SEC). Asset managers are eagerly preparing for this milestone, with Bitwise Chief Investment Officer (CIO) Matt Hougan offering insights into the potential impact of these ETFs

Dalmas Ngetich, a seasoned crypto reporter, brings a unique perspective to the industry. With a background in mechanical engineering and over a decade of experience in journalism, Ngetich has specialized in covering topics such as NFTs, blockchain, DeFi, and blockchain news for NewsBTC. His expertise has allowed him to craft over 10,000 news and feature

Ethereum, the second-largest cryptocurrency by market capitalization, finds itself in a pivotal moment as its price consolidates. Traders and investors are grappling with uncertainty as Ethereum’s price hovers near crucial support and resistance levels. This period of price stability has created a sense of indecision in the market, with technical indicators and market signals being

Crypto analyst and trader Tyler Durden has recently expressed his bullish sentiment towards Ethereum (ETH). In a post on X (formerly Twitter), Durden emphasized that Ethereum reaching $10,000 is the “most asymmetric bet” in the cryptocurrency market today. He suggested that it is better for traders to go with the tide and bet on ETH,

Crypto analyst Jelle has recently made a bold projection regarding Ethereum’s price, forecasting it to surge to $5,000 by the end of the year. This optimistic outlook comes at a time when Ethereum has been stabilizing above the $3,500 mark, following a correction from its peak in March. Jelle’s analysis points to a pivotal moment

The Ethereum Foundation has once again made headlines due to a substantial transaction involving millions of Ethereum (ETH) tokens. Crypto journalist Colin Wu recently disclosed on social media that a wallet linked to the Ethereum Foundation moved 18,089 ETH (equivalent to $64.4 million) to a new address. Despite the transfer, the new address has yet

The discussion surrounding the imminent launch of Spot Ethereum ETFs has been gaining momentum, with Bloomberg analysts Eric Balchunas and James Seyffart providing updates on the potential trading start date. Balchunas recently shared on social media that the anticipated launch date for the ETFs has been moved to July 2nd. This update comes after the

Despite Ethereum facing significant selling pressure and a 15% drop from March 2024, on-chain data indicates a positive outlook for the cryptocurrency. Analyzing the recent activity on the X platform, it is shown that there has been a noticeable surge in demand for ETH, particularly from long-term institutional holders. These permanent holders, who are typically