Samuel Edyme, known by the nickname HIM-buktu, is not your typical crypto enthusiast. His entrance into the world of cryptocurrencies was not through a successful investment, but rather through a scam. This Ponzi scheme that lured him in with promises of quick profits ended up being a valuable lesson for Edyme. Instead of giving up,
Ethereum
As the launch date for the first spot Ethereum ETFs in the United States approaches, experts are predicting a significant price appreciation for the second-largest cryptocurrency in the market. The US Securities and Exchange Commission (SEC) is expected to approve Ethereum ETFs by July 4, according to a recent Reuters report. Discussions between asset managers
In a recent discussion, Bitwise’s Chief Investment Officer (CIO) Matt Hougan shared insights on the potential inflows that US Spot Ethereum ETFs could attract. According to him, these funds could record a significant $15 billion in net inflows within their first 18 months of trading. This estimate was based on a careful analysis of various
The cryptocurrency market is abuzz with anticipation as asset managers gear up for the launch of new spot Ethereum ETFs, awaiting approval from the US Securities and Exchange Commission (SEC). This development has sparked interest and speculation among investors and analysts alike, with many industry experts weighing in on the potential implications of these ETFs
Dalmas Ngetich is a prominent figure in the crypto industry, known for his in-depth knowledge and expertise in topics such as NFTs, blockchain, DeFi, and blockchain news. With a background in mechanical engineering and over a decade of experience in journalism, Dalmas has crafted over 10,000 news and feature articles over the past eight years.
Ethereum, the second-largest cryptocurrency by market capitalization, is currently facing a crucial point in its price trajectory. It is currently in a consolidation phase, which has led to a period of price stability and uncertainty among traders and investors. The price of Ethereum is hovering around key support and resistance levels, making it a critical
Cryptocurrency analyst and trader Tyler Durden recently expressed his bullish sentiment towards Ethereum (ETH), stating that the rise of ETH to $10,000 is inevitable. Durden emphasized the importance of traders going with the tide and not letting their emotions dictate their decisions. According to him, Ethereum’s surge to this price level is the “most asymmetric
The renowned crypto analyst, Jelle, has made a bold prediction regarding Ethereum’s price, projecting it to surge to $5,000 by the end of the year. This forecast comes at a time when Ethereum is experiencing a period of stabilization above the $3,500 mark, following a correction from its peak in March. The current market dynamics
The Ethereum Foundation recently made a significant transaction involving millions of ETH tokens, sparking interest and concern within the crypto community. The transfer of 18,089 ETH, worth a staggering $64.4 million, to a new address has raised questions about the Foundation’s intentions. With a history of selling tokens at the peak, many are speculating on
The conversation surrounding when the Spot Ethereum ETFs will finally begin trading has been gaining momentum. Bloomberg analysts Eric Balchunas and James Seyffart have shared their insights on the potential launch date for these funds. Balchunas recently stated on social media that they are now looking at July 2 as the “over/under date” for the
Recently, Ethereum has experienced a significant number of large withdrawals from centralized exchanges, indicating that crypto whales are anticipating a price recovery. The amount of ETH held on these exchanges has plummeted to its lowest level since 2016. Ash Crypto, a prominent crypto analyst, highlighted this trend on social media, pointing out the surge in
Ethereum has experienced a significant drop in price, losing about 15% since March 2024. However, on-chain data suggests that there is a bullish case for the cryptocurrency. Analysts have noted a spike in demand for ETH, especially from permanent holders, who are likely institutional investors with more substantial financial resources. These holders are not easily
The recent price action of Ethereum has been disappointing for bulls as the digital asset failed to recover above the $3,650 resistance level. This failure resulted in ETH declining below the $3,550 support zone, indicating bearish signs below $3,600. The inability to break above key resistance levels has left investors and traders concerned about the
The recent movement in Ethereum price has been quite volatile, with the cryptocurrency failing to break the $3,720 resistance level. This failure has now put ETH at risk of further losses, potentially dropping below the $3,550 support zone. After starting a fresh decline from the resistance zone, Ethereum is now trading below $3,650 and the
In recent weeks, Ethereum (ETH) has seen a surge in price, nearing the $4,000 mark. This boost in price has coincided with a significant increase in inflows towards digital asset investment products. According to a report by CoinShares, these investment products have experienced a total of $2 billion in inflows, marking a five-week streak of
Lately, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been experiencing some significant price movements. Traders and investors are closely watching as the price of ETH has fallen below the 4-hour Simple Moving Average (SMA). This technical development is crucial as it can indicate a shift in market sentiment from bullish to bearish. Analysis
The Ethereum price recently experienced a downside correction after failing to break the $3,880 resistance level. This correction led to the price dropping below $3,840 and the 100-hourly Simple Moving Average. Additionally, there was a significant break below a key bullish trend line with support near $3,830 on the hourly chart of ETH/USD. This trend
Asset manager VanEck recently revised its prediction for Ethereum (ETH), revealing what price it believes the second-largest crypto token could reach by 2030. The firm also did well to outline what could drive Ethereum’s price to this revised price. In a recent blog post, VanEck predicted that Ethereum could reach $22,000 by 2030. This update
Recent data has revealed a significant drop in the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges. BTC ECHO analyst Leon Waidmann shared Glassnode data indicating that exchange balances for both cryptocurrencies are at their lowest levels in years. Bitcoin’s supply on exchanges has dwindled to 11.6%, while Ethereum’s supply has decreased to 10.6%.
In the wake of the recent approval of Ethereum Spot ETFs by the US Securities and Exchange Commission (SEC), several issuers have taken a step forward by filing amended versions of their S-1 forms. This move comes following a directive from the SEC requiring all potential asset managers looking to launch an Ether Spot ETF
The cryptocurrency market has been abuzz with the recent surge in Ethereum whale activity. These large investors, known as whales, have been making their presence felt in the market, with on-chain data indicating a significant increase in holdings by wallets containing at least 10,000 ETH over the past 14 months. This accumulation amounts to a
As Ethereum (ETH) gains momentum, market experts are paying close attention to a significant technical breakout that could potentially propel the cryptocurrency to new heights. According to crypto analyst Jelle, Ethereum has recently broken out of a bearish pattern known as the “falling wedge,” turning key resistance levels into support zones. This breakout is seen
Ethereum has had a crucial week, with technical analysts pointing to a candlestick arrangement that signals a possible sharp upturn in ETH prices in the near future. The ETH/BTC ratio, a key indicator closely monitored by analysts, has shown signs of reversing from a multi-year support trend line. This is significant, as history has shown
The recent approval of the Ethereum Spot ETF has sparked a wave of speculations regarding its potential performance in comparison to Bitcoin-based ETFs. Bloomberg ETF analyst, James Seyffart, has offered insights into the matter, suggesting that the Ether spot ETFs may only attract up to 25% of the demand seen by their Bitcoin counterparts. Seyffart’s
In recent days, the price of Ethereum has been consolidating between the $3,949 and $3,627 range. This consolidation is a direct result of a recent rally that saw the price of the crypto asset spike upwards by over 10%. When prices are in a consolidation phase, it indicates that the market is building momentum for
Thomas Fahrer, co-founder of Apollo, a firm focused on Bitcoin adoption, has raised concerns about the potential consequences of the approval of spot Ethereum ETFs. According to Fahrer, the transition might not be seamless for Ethereum as the market awaits this significant development. Fahrer’s warning comes on the heels of the impending approval of spot
Recently, on-chain data has revealed a surge in activity among Ethereum whales. These major players in the crypto market have been making waves with their large transactions valued at over $100,000. The Number of Large Transactions metric has been a key indicator in monitoring the actions of these whale entities. This metric provides insights into