Derivatives data favors Ethereum bulls even with this week's crash below $3K

Losing the $3,000 mark just days before Friday's $1.55 billion ETH options expiry nearly doomed Ether longs, but derivatives data shows bulls are still in favor.

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Ethereum price metrics hint that ETH might not sell-off after the Shapella hardfork

Ether (ETH) price has increased by 58% year to date, but it has far underperformed the market leader Bitcoin (BTC). In fact, the ETH/BTC price ratio has dropped to 0.063, its lowest level in 9 months.  Analysts believe that the majority of the movement can be attributed to the Ethereum network’s upcoming Shapella hard fork, [...]

The post Ethereum price metrics hint that ETH might not sell-off after the Shapella hardfork appeared first on Crypto Breaking News.

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SEC again delays decision on spot Ethereum ETF options

The securities regulator authorized Bitcoin options to list on BlackRock's spot BTC ETF in September.

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