The much-anticipated arrival of spot Ethereum exchange-traded funds (ETFs) in the US seems to be hitting a snag. Industry leaders are voicing growing concerns about the likelihood of securing regulatory approval from the Securities and Exchange Commission (SEC), with a deafening silence from the agency fueling anxieties. Jan van Eck, CEO of investment firm VanEck,
Ethereum
In his recent comments on the Ethereum vs. Bitcoin chart, Peter Brandt has shifted his stance from previously criticizing Ethereum as a “junk coin” to offering more positive insights into its market developments. Despite his prior derogatory remarks towards Ethereum and its proponents, Brandt’s analysis of the Ethereum-to-BTC chart now suggests a potential bear trap,
VanEck, a major player in the banking industry, has made a bold prediction regarding the future of Ethereum Layer-2 (L2) solutions. They have valued these L2 solutions at an incredible $1 trillion, emphasizing the crucial role that efficiency gains and scalability improvements will play in the advancement of blockchain technology. According to VanEck researchers, Ethereum
Ethereum has been maintaining its position above the $3,500 level, with investors eagerly anticipating a return to $4,000. The surge in open interest, reaching new highs, is seen as a bullish sentiment indicator but also carries a warning of a potential shift in market direction. Open interest serves as a tool to track the total
Ethereum (ETH) is currently at a crucial juncture, aiming for the $4,000 price level. Despite facing scrutiny from the US Securities and Exchange Commission (SEC), some analysts remain optimistic about Ethereum’s prospects. Captain Faibik, a market watcher, identified a bullish pattern in ETH’s four-hour candlestick chart, signaling a possible price breakout. This positive sentiment is
In recent times, Ethereum’s network has experienced a significant increase in daily active users and daily transaction volume. Despite this growth, the price of ETH, Ethereum’s native cryptocurrency, has faced corrections over the past few days. The price of Ethereum has dropped by over 10% in the last week, performing worse than Bitcoin and the
In recent weeks, the price of Ethereum has shown signs of volatility and uncertainty, causing concern among investors. Despite a strong start to the month, Ethereum has not been able to maintain its momentum, leading to bearish pressure in the cryptocurrency market. One of the key factors contributing to this negative sentiment is the regulatory
The recent surge in the crypto market has led to a pullback, with Bitcoin hitting a new all-time high. However, Ethereum (ETH) is also experiencing a downward trend after reaching a yearly high of $4,094. The price of Ethereum has been moving below the 100-day Moving Average (MA) in the 1-hour and 4-hour timeframes, raising
Ethereum (ETH) is on the brink of significant advancements with the impending Dencun upgrade aimed at improving the network’s scalability. However, amidst this positive outlook, QCP Capital, a reputable crypto asset trading firm, has brought to light an emerging trend that could potentially impact Ethereum’s price trajectory. The firm’s analysis points towards a shift in
Ethereum (ETH) recently underwent a significant software upgrade known as Dencun. This update is specifically aimed at improving the efficiency and cost-effectiveness of Layer 2 (L2) networks that are interconnected with Ethereum, such as Arbitrum, Polygon, and Coinbase’s Base. The primary focus of the Dencun upgrade is to reduce transaction costs on these networks, making