Data tracked by Arkham shows that Golem’s main wallet has transferred millions of ETH to other wallets, which were later sent to exchanges such as Binance, Bitfinex, Coinbase, and others. Most of these transactions are below $10 million in value and are sent daily. Source
Economist and gold advocate Peter Schiff warns of a continued bitcoin decline, stating that “this bear market is a long way from over.” He predicts significant price falls for both bitcoin and ethereum, suggesting a potential crash if critical support levels fail. “It’s a long way down,” he said. Regarding ether, Schiff predicted: “I think […] Original
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Usually, investors expect higher uncertainty or volatility in the distant future compared to the near term, ensuring longer duration skews return a higher value than shorter ones. That’s the case in the ether market, where the 7-day skew remains below the 30-day skew, exhibiting a relatively measured bullish bias. Source
SCRYPT CEO Norman Wooding told crypto.news several factors point to higher Ethereum prices if the SEC approves spot Ether ETFs. Wooding predicted that spot Ethereum (ETH) ETFs will follow the pattern of spot Bitcoin (BTC) funds and push ETH prices above $4,000. According to the expert, approval for spot ETH ETFs will eliminate “lingering anxieties” surrounding the second-largest cryptocurrency and boost market demand. Wooding opined that Ether could retest its $4,800 peak if spot ETH ETFs capture 10-20% of Bitcoin ETF flows. ETH data | Source: TradingView “This opens doors…
Net inflows into spot ether ETFs below $3 billion would be a disappointment given that bitcoin versions received $15 billion of inflows in the first six months, Gemini said. Net inflows above $5 billion, a third of the bitcoin ETF level, would be a strong showing, and anything close to 50% or $7.5 billion would be a “significant upside surprise.” Source
Ether-tracked investment products have collectively lost nearly $120 million in the past two weeks while bitcoin products recorded inflows. Source
Bloomberg’s senior ETF analyst has updated his prediction regarding the launch of ether exchange-traded funds (ETFs), noting delays due to the U.S. Securities and Exchange Commission (SEC)’s review process during the holiday week. Despite the approval of 19b-4 filings for eight ether ETFs in May, the S-1 registration statements are still pending. SEC Chair Gary […] Source CryptoX Portal
Powell said he is supporting the only major pro-crypto party candidate. Source
“We continue to forecast a net inflow between $15 billion and $20 billion in the first 12 months, even considering the outflow from the Grayscale Ethereum Trust (ETHE),” senior analyst Mads Eberhardt wrote, adding that this should drive the value of ether higher, in dollar terms and also relative to bitcoin (BTC). Source