Tag: ETH

ETH holders turn to Kelexo amid Bitcoin’s $71k rally

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin surpasses $71,000, Ethereum holders are increasingly drawn to Kelexo’s promising defi lending platform during its presale. With Bitcoin (BTC) dominating the market after surging past $71,000, some investors are looking to diversify their holdings and explore promising opportunities in defi lending. Kelexo’s (KLXO) presale results and its unique approach within the defi space make it an attractive option for Ethereum (ETH) and Bitcoin holders seeking high-growth potential.…

Whale Snags Nearly 24,000 ETH At Bargain Price

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Ethereum, the second-largest cryptocurrency by market capitalization, has faced choppy waters. Over the past few days, Ethereum’s price has taken a nosedive, plunging to lows of $2,800 on April 12, echoing the broader downturn witnessed across the crypto landscape. However, in the face of volatility, a fascinating development has emerged: Ethereum whales, the behemoths of the crypto world, have begun to flex their muscles, showcasing strategic maneuvers that have captured the attention and speculation of the crypto community. Strategic Accumulation Amidst Turbulence As Ethereum’s price plummeted, Ethereum whales wasted no…

Liquid Staking Derivatives Lose Ground With Over 380,000 ETH Withdrawn in April

Following a significant downturn in March, liquid staking derivatives (LSD) protocols experienced another withdrawal of 380,000 ether, valued at roughly $1.17 billion, from leading LSD platforms since April 1, 2024. Ethereum Exodus: $1.17 Billion Pulled From LSD Platforms In the initial two weeks of April, a notable reduction of 380,000 ether was observed in the […] Source CryptoX Portal

Ethereum Technical Analysis: ETH Teeters Between Bullish Breakout and Bearish Continuation

As ethereum fluctuates within a wide trading range from $2,991 to $3,266 on April 15, 2024, key technical indicators and chart patterns suggest a nuanced but potential shift in market sentiment. Despite a bearish trend over the past week, recent oscillator and moving average signals point towards a possible bullish reversal. Ethereum The relative strength […] Source CryptoX Portal

Ethereum Price Reclaims $3K But Can ETH Continue Higher?

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Ethereum price dived over 10% before the bulls appeared near $2,550. ETH is back above $3,000 and now faces many hurdles near $3,200. Ethereum is attempting a recovery wave from the $2,550 support zone. The price is trading below $3,250 and the 100-hourly Simple Moving Average. There is a rising channel forming with resistance at $3,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it stays above the $3,000 support zone. Ethereum Price Eyes Recovery Wave Ethereum price started a major…

Hong Kong Could Approve Spot Bitcoin (BTC), Ether (ETH) ETFs as Early as Monday: Bloomberg

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Ethereum Price Faces Crucial Test, Can ETH Clear This Hurdle To Kickstart Rally?

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Ethereum price is consolidating above the $3,450 support zone. ETH must clear $3,560 and $3,620 to start a fresh increase in the near term. Ethereum is trading in a range above the $3,450 support zone. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it stays above the $3,420 support zone. Ethereum Price Eyes Upside Break Ethereum…

A Deep Dive into the SEC’s Upcoming Decision on Spot ETH ETFs Amidst Market Speculation

While I can’t speak to what any regulator will approve, I think it’s important to look at other regions and how regulatory approvals of ETFs transpired. For example, the first spot bitcoin ETF was approved in Canada in early 2021. A few months later, ether ETFs gained approval and began trading. Now, there are over 11 ETFs, including a mixed cryptocurrency ETF and an ether-staking ETF. If the same pattern follows, an ether ETF approval can be near. Source

Spot Ether (ETH) Exchange-Traded Funds (ETFs) Still Have No More Than 50% Chance of Approval in May: JPMorgan

The bank reiterated its view that approval of these products is unlikely next month, a position first expressed in January. The SEC must make final decisions on some of the ETF applications by May 23. The SEC approved spot bitcoin (BTC) ETFs in January, stirring speculation in some quarters that versions for ether, the token of the Ethereum blockchain, may follow suit. Source