85% on Polymarket betting Ethereum wont see new all-time high by 2025
A decision on Ethereum ETF options has been pushed back to November, four days after Blackrockss IBIT options trading was approved.
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A decision on Ethereum ETF options has been pushed back to November, four days after Blackrockss IBIT options trading was approved.
Some analysts are eying an Ether rally above $3,000, but traders may have to wait until October.
Ether ETFs are on track to reach $500 million in net outflows, but according to market analysts, the ETH bottom may be in.
Binance introduces a Word of the Day (WOTD) game focused on ETH ETFs, offering users a chance to earn Binance Points and trading fee discounts. (Read More)
The US Ether ETFs generated over $420 million worth of selling pressure for the world's second-largest cryptocurrency.
CoinShares reports that spot-based Ether ETFs debut with a significant $2.2 billion of inflows, offset by Grayscales $285 million in net outflows.
Ethers price has a muted response to todays spot ETH ETF launch, but traders still expect Ether to hit new highs soon.
The market has been gearing up for volatility before the launch of spot ETH ETFs in the US today. While ETH’s price action has been relatively uninteresting in the past few weeks, it seems that large holders are expecting price swings and are rushing to cash out. Glassnode’s data on realized profit for Ethereum holders […]
The post Large holders cashed out ahead of Ethereum ETF launch appeared first on CryptoSlate.
SEC asks issuers to submit final S-1 forms by Wednesday, aiming for a July 23 launch of Ethereum spot ETFs…
The post SEC Pushes Ethereum Spot ETFs Forward Targeting July 23 Launch Date first appeared on The Crypto Basic.
Ethers price could double during the 2025 bull cycle, thanks to increased institutional interest introduced by ETH ETFs, according to Bybits head of institutions.
Amid the market slowdown, crypto analysts believe Ethereum (ETH) might be ready to retest key resistance levels again. Meanwhile, investors are expectant about the second-largest cryptocurrency performance as the final approval of spot ETH ETFs (exchange-traded funds) approaches. Is Ethereum ETFs Approval Already Priced In? The upcoming approval of spot Ethereum ETFs has crypto investors [...]
The post Is Ethereum (ETH) About To Retest $4,000? Analyst Foresees 3x Rally appeared first on Crypto Breaking News.
Ethereum has reclaimed a pivotal price territory, but bullish news such as the SECs approval of a spot ETH ETF…
The post Ethereum Reclaims $3,000 But SECs Spot ETH ETF Approval Could Boost Prices Further first appeared on The Crypto Basic.
Ethereum (ETH) saw a significant upswing at the end of May due to the rumors of a spot ETH ETF (Exchange-Traded Funds) approval in the US. This bullish momentum propelled the tokens price from the $3,000 price range to the $3,900 mark. Related Reading: Solana-Based GameStop Tribute Token (GME) Soars 300% Following Roaring Kittys Return After the approval, the second-largest cryptocurrency has shown a strong performance, consolidating between the $3,700 and $3,800 levels. Some crypto analysts believe ETH is preparing for a crucial test and eye bullish targets above the $10,000 price range soon. ETHs Glorious Year Depends On This Level According to crypto analyst Jelle, a community sector is currently driven by a negative sentiment towards Ethereum. The bearish sentiment, seemingly fueled by Ethereums failure to regain the $4,000 resistance level, has made lots of people overcomplicate things here. As a result, Jelle urged investors not to panic, arguing theres no reason to flip bearish. The crypto analyst highlighted the key movements the King of Altcoins has seen in the past two weeks. Due to the spot ETH ETF approval, Ethereum broke out of a multi-moth falling wedge pattern. At the time, ETH successfully regained the $3,600 price range and briefly tested the $3,900 price range. After reclaiming this key support level, ETH has been consolidating above it, hovering between the $3,700 and $3,800 price range since May 28. According to the analyst, the cryptocurrency is reclaiming the range lows of a 3-year-long reaccumulation range. Per Jelles chart, ETH is regaining the lowest range of the previous bull run, which could lead to an expansion period. If the second-largest cryptocurrency by market capitalization holds above this key level, Ethereum will have a glorious year. Additionally, the analyst considers that ETHs last hurdle to overcome this cycle is the $4,000 resistance level. Once it breaks $4,000, it’s clear skies ahead to potentially reach the price target of $10,000. Similarly, known crypto analyst Il Capo of Crypto noted that his main scenario is a bullish continuation. Per Il Capo, Ethereum is looking good above the $3,650 range. This performance seemingly sets the cryptocurrency for a bullish continuation towards the previous cycles all-time high (ATH). Ethereum ETFs, The Catalyst For New ATH? Despite the doubts, Ethereums recent performance resembles Bitcoin’s (BTC) in previous cycles. According to crypto trader Ash, ETH is following the path of the flagship cryptocurrency in 2018-2021. If it continues this track, $10,000+ ETH is programmed. As the crypto market awaits the listing of the spot ETF, some analysts consider it the catalyst for an explosive alt season this year. Similarly, Ali Martinez noted that over 777,000 ETH, worth around $3 billion, have been withdrawn from exchanges since the US Securities and Exchange Commission (SEC) approved the investment products. Due to a supply squeeze, this development could propel ETHs price to higher levels. However, Lookonchain recently revealed that two participants of Ethereums Initial Coin Offering (ICO) deposited around 4.5% of their holdings on a crypto exchange. Per the post, the ICO participants received 200,000 ETH, worth around $767 million, at Ethereums Genesis. Related Reading: The Half-Million Dollar Bitcoin: Predictions Point To Monumental Price Surge In 18 Months The holders deposited 9,518 ETH, or $36.33 million, into Kraken on Monday, which has alarmed investors. Despite the fear of a possible dump, some community members think this movement could suggest that these long-term holders believe ETHs price will reach unprecedented highs soon. Featured Image from Unsplash.com, Chart from TradingView.com
The launch of spot Ethereum ETFs could trigger massive capital inflows into the market, according to Bitwise CIO Matt Hougan.
Ethers price strengthens in its ETH and BTC pair as investors await spot ETH ETF to start
Ether price could be on track to new all-time highs, provided it can close the week above the $4,000 mark.
Market veteran Ali Martinez analyzes Ethereum market dynamics in the wake of the spot ETF approval, seeing a rise to…
The post Ethereum Poised to Clinch $5,000 After Spot ETF Approval if It Closes Above This Level first appeared on The Crypto Basic.
Ethereum (ETH) price is soaring ahead of the Securities and Exchange Commission (SEC) decision regarding the Spot ETH ETF (exchange-traded fund). Investors’ and market watchers’ optimism has increased as the King of altcoins surpasses the $3,900 mark. Some analysts believe this bullish momentum could soon propel ETHs price above all established price targets. Related Reading: Ethereum Whales Come Alive: Are They Buying Or Selling? Ethereum Soars Amid ETF Approval Expectation Ethereum, the second-largest cryptocurrency by market capitalization, has seen a significant uptick this week. As rumors of ETH spot ETFs being approved this Wednesday surged, the communitys sentiment towards the asset turned extremely bullish. Previously, Bloomberg experts had asserted that chances of an ETF approval were slim due to the US governments crackdown on the industry. However, this weeks U-turn from the Biden administration sparked a positive sentiment that increased the chances to 65-75%. As a result, Ethereum surged an impressive 30.4% from its price seven days ago. The King of altcoins went from trading just below the $3,000 mark to surpassing the $3,900 resistance level at the time of writing. The community’s optimistic expectations continue as several US lawmakers urge SEC chair Gary Gensler to approve Ethereum ETFs. As reported by Eric Balchunas, a bipartisan group of House lawmakers sent a letter on Tuesday to the SECs Chair asking for the approval of ETH ETFs and other digital assets. According to the letter, the Congress members believe digital asset-backed ETFs offer investors a regulated and transparent investment vehicle to gain exposure. The US lawmakers urged the Commission to maintain a consistent and equitable approach when reviewing upcoming applications for other crypto ETFs. Are Price Targets Too Low? Ethereum has performed remarkablely over the past few days. ETH has surged 5.6% as the community awaits the SECs decision. As pointed out by several market watchers, ETHs weekly candle is resting levels not seen since the first half of March. Crypto Yoddha highlighted Ethereums historic behavior for the previous all-time high (ATH) runs. Per the chart, the second-largest crypto asset went through a 700-day accumulation phase before breaking out and starting the bullish run. Similarly, ETH seemingly ended a 700-day accumulation period this cycle, which could lead to a rally towards a new ATH, if history repeats. The analyst set a target of $15,300 for this cycle. Likewise, Crypto Jelle pointed out that ETH broke out of a multi-month falling wedge pattern. Its recent performance successfully reclaimed the key resistance above the $3,600 mark and is currently testing the $3,900 price range. The trader considers that, if this is the current performance before the approval of ETH ETFs, his $10,000 target for this cycle might be too low. However, he urged investors to try not to get sucked into overtrading. He considers the initial response to the decision hard to know despite the bullish sentiment. Ultimately, Jelle suggests the community to focus on what you know as the long-term outlook is much clearer. Related Reading: Altcoins Maniac Phase Preparing, Analysts Call For Next Leg Up On a similar note, Crypto analyst Mikybull points out that ETH is repeating the 2020 path that sparked off Alts season in 2021. Due to this, the trader considers that the bull targets for this cycle are $9,000-$11,000. The SECs decision regarding ETH ETFs will be announced around 8:30 pm UTC on May 23. Featured Image from Unsplash.com, Chart from TradingView.com
The ETH/BTC ratio represents the relative strength of Ethereum (ETH) against Bitcoin (BTC). With the two being the two largest coins by market cap and the two largest crypto ecosystems in general, it makes sense to compare their relationship to better understand the market. Tracking the ETH/BTC ratio is important as it reflects the market’s […]
The post Ethereum ETF rumors drive dramatic rise in ETH/BTC ratio appeared first on CryptoSlate.
Analyst Miles Deutscher predicts Ethereum could surge to $6,446 by July 23 if a spot ETH ETF product secures approval,…
The post Analyst Sees Ethereum at $6,446 by July if Spot ETH ETF Gets SEC Approval first appeared on The Crypto Basic.
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