The cryptocurrency market is on the verge of a significant development with asset managers eagerly preparing for the launch of new spot Ethereum ETFs pending approval from the US Securities and Exchange Commission (SEC). This move has sparked a wave of excitement in the industry as it opens up new avenues for investment in the
Ethereum
Dalmas Ngetich is not your average crypto reporter. With a specialization in NFTs, blockchain, DeFi, and blockchain news, combined with a background in mechanical engineering and over a decade of experience in journalism, Dalmas brings a unique perspective to the industry. His ability to craft over 10,000 news and feature articles over the past eight
As Ethereum, the second-largest cryptocurrency by market capitalization, continues to trade in a consolidation phase, uncertainty looms over traders and investors alike. The price stability observed in Ethereum’s recent trading range has fueled speculation on its next move. With key support and resistance levels in focus, market participants are keeping a close eye on technical
Crypto analyst and trader Tyler Durden recently expressed his strong bullish sentiment towards Ethereum (ETH). He emphasized that the rise of ETH to $10,000 was inevitable and that traders should align themselves with this upward trend. Durden highlighted in a social media post that betting on Ethereum reaching $10,000 was the most asymmetric play in
One prominent crypto analyst, Jelle, has made a bold prediction regarding Ethereum (ETH), projecting that its value will surge to $5,000 by the end of this year. This forecast is not made lightly; it comes with a solid technical basis, indicating a potentially significant bullish trend for Ethereum in the near future. Ethereum has been
The Ethereum Foundation recently made headlines with a significant transaction involving 18,089 ETH tokens, amounting to $64.4 million. The transaction, revealed by crypto journalist Colin Wu in a social media post, showed that the funds were transferred to a new address. The movement of such a large amount of ETH by the non-profit organization has
The debate over the exact start date of the Spot Ethereum ETFs has been gaining momentum. Analysts Eric Balchunas and James Seyffart from Bloomberg recently provided an update on their projections for when these funds might enter the market. In a tweet, Balchunas mentioned that they are now looking at July 2nd as the potential
Recent data points to a concerning downward trend in the price of Ethereum, with a significant 15% drop from March 2024. Despite this, on-chain data suggests a more bullish outlook for the cryptocurrency. Analysts have observed a spike in ETH demand, particularly from permanent holders, who are often institutional investors with substantial resources at their
The recent surge in ETH withdrawals from centralized exchanges indicates that crypto whales are anticipating a price recovery for Ethereum. Analysts have noted a significant decrease in the amount of ETH held on exchanges, reaching levels not seen since 2016. This trend is attributed to both small and large investors withdrawing their holdings, leading to
Ethereum price has struggled to recover above the $3,650 resistance level, indicating a bearish trend in the market. The failed attempt to surpass this key resistance has led to a decline in ETH value below the $3,550 support zone. This downward movement has raised concerns among investors and traders about the future performance of Ethereum