Derivatives traders are eyeing higher strike prices for Ethereum by the end of April as Ether surged 8% to around $3,700 in spot crypto markets on Monday. This uptick in price was accompanied by increased social sentiment and optimism among traders. Over the past 24 hours, Ether’s price has seen an 8% gain, reaching an…
Over the past day, Ethereum has seen a big jump, making traders optimistic about its future. They believe it could go even higher than $4,000. Ethereum (ETH) is off to a strong start this week as cryptocurrencies bounce back after a rough patch. Over the past day, Ethereum has risen by 6.83%, bringing its weekly…
On Wednesday, April 3, Bitcoin (BTC) went up by 0.72%, reaching a closing price of $66,062. This increase was influenced by positive US economic indicators and the flow of BTC-spot exchange-traded funds (ETFs) on April 2 and April 3. Looking ahead to Thursday, investors should pay attention to BTC-spot ETF market flow data, discussions among…
In the last 24 hours, there’s been a big increase in people wanting to sell Ethereum (ETH) instead of buying it, which shows a lot of negative feelings about its future. Because of this, the price of ETH might drop below $3,000 soon. After bouncing back last week and reaching over $3,600, Ethereum (ETH), the…
Ethereum is doing well as more people are getting involved, with the number of Ethereum addresses reaching an all-time high. Although it faced some drops recently, Ethereum is bouncing back, now trading at around $3,615, with a market value of $433 billion. The recent increase in the number of Ethereum (ETH) accounts holding a balance…
The Ethereum price is showing signs of a potential rebound after a healthy pullback, as it forms a bullish pattern indicating a likely uptrend. The Ethereum price may encounter significant selling pressure around the $3700 level, potentially forming a head and shoulders pattern before the next upward movement. Despite a trading volume of $13 billion,…
According to GSR, a crypto market maker, the chance of a spot Ethereum ETF getting approval in May has dropped to 20%. Analyst Brian Rudick stated in a note on Wednesday that they now believe there’s only a 20% likelihood of the SEC approving such an ETF next month. Drop in Likelihood of Spot Ether…
Ethereum, the second-largest cryptocurrency globally, is encountering a significant challenge. There’s speculation that the U.S. Securities and Exchange Commission (SEC) might label its main cryptocurrency, Ether (ETH), as a security. This uncertainty has raised concerns about the risks of investing in Ethereum, given the unclear regulatory landscape. This uncertainty has led to concerns about the…
Grayscale’s legal head highlighted that the issues facing a spot Ethereum ETF are akin to those encountered with Bitcoin ETFs. Consequently, they feel less SEC discussion is required for approval. Craig Slam of Grayscale reassured that despite Ethereum’s security classification, their case for an ETF remains robust. Grayscale’s Chief Legal Officer Advocates for Ethereum ETF…
Geoffrey Kendrick of Standard Chartered suggests that Spot Ethereum ETFs might receive approval by May 23. If greenlit, these ETFs could usher in a substantial $45 billion influx within the initial year. According to Standard Chartered Bank, Spot Ethereum exchange-traded funds (ETFs) might still secure approval by their original deadline of May 23. Despite doubts…