The Chicago Board Options Exchange (CBOE) has provided clarity on the official launch date for Spot Ethereum ETFs in the crypto market. The announcement of five Spot ETH ETFs set to commence trading on July 23, 2024, has generated significant interest and anticipation among investors and analysts alike. Previously, there were speculations about the potential
Ethereum
The recent surge in Ethereum derivatives volume indicates that investors have little confidence in the upcoming launch of Spot Ethereum ETFs. Despite expectations of a price rally for the second-largest crypto asset, data from Laevitas shows that Ethereum’s fixed-month contracts have an annualized premium of only 11%. This lack of bullishness is further highlighted by
The launch of spot Ethereum ETFs has been highly anticipated by investors, with Chief Investment Officer of Bitwise, Matt Hougan, predicting that these inflows could drive the Ethereum price to new record highs. In his recent client note, Hougan emphasized the significant impact that ETF flows could have on the price of Ethereum, surpassing even
Ethereum (ETH) has seen a surge in price in the last 24 hours following the announcement of the imminent launch of Spot Ethereum ETFs. This development has sparked optimism among investors regarding the future price trajectory of the second-largest cryptocurrency. The Spot Ethereum ETFs, set to launch by next week, are expected to bring a
The crypto analyst Linda has recently made a bold claim regarding Ethereum’s price, suggesting that it could reach $4,000. This prediction is based on the potential approval of the Spot Ethereum ETFs. While Linda’s analysis seems optimistic, it is important to approach such price predictions with caution. Speculation often plays a significant role in the
Recently, Justin Sun, the founder of Tron, made headlines in the cryptocurrency world with a $5 million investment in Ethereum (ETH). This investment, revealed by Spot On Chain, an AI-driven on-chain analytics platform, shows that Sun purchased 1,614 ETH tokens at an approximate price of $3,097 per ETH. This is part of a larger trend,
A crypto analyst going by the name ‘Bluntz’ has made a bold prediction regarding the future of Ethereum (ETH), stating that the cryptocurrency could potentially reach an all-time high of $8,000 in the near future. However, achieving this ambitious price target will require Ethereum to fulfill specific key conditions as outlined by the analyst. Bluntz
An Ethereum whale has recently sparked concern within the community with a significant transaction indicating a possible intent to sell off their holdings. The transfer of 11,215 ETH ($34.3 million) to Coinbase has raised alarms, as such a move by a trader of this magnitude could have a substantial impact on Ethereum’s price. The potential
Cryptocurrency journalism has seen a rise in the past few years with individuals like Semilore Faleti leading the way. As a specialized writer in the field, Semilore has shown a deep understanding of the complexities and intricacies of blockchains and digital assets. His dedication to educating and informing his audience sets him apart in the
The recent downturn in the cryptocurrency market has sparked concern among investors, especially for Ethereum, which has seen a notable drop in value. Notably, economist Peter Schiff has made a bold prediction, suggesting that Ethereum could plummet to as low as $1,500. This forecast comes at a time when Ethereum is struggling to maintain its
In the midst of the recent turmoil in the cryptocurrency market, Ethereum (ETH) has not been immune to the chaos. With a notable 9% decrease in price over the past week, Ethereum now stands at the $3,130 level. Market watchers are keeping a close eye on the situation, with a particular focus on key levels
Ethereum (ETH) is currently facing a significant downturn in its price, with a rapid approach towards the crucial support level of $3,051. This sudden drop in value is indicative of increased selling pressure and a growing bearish sentiment prevailing in the market. Traders are now closely observing Ethereum’s behavior as it nears this critical support
The recent setback in the price of Ethereum (ETH) has left investors disappointed, as the cryptocurrency briefly surpassed the $3,500 mark before dropping back to the $3,400 support level. The delay in price movement can be attributed to the postponement of the full approval by the SEC for Ethereum ETF applications, which were originally anticipated
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,
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