Tag: Ethereum

Bitwise CIO Bullish On Spot Ethereum ETFs: Envisions $15 Billion Inflows

boss

In a significant development for the cryptocurrency market, asset managers are eagerly preparing for the launch of new spot Ethereum ETFs, pending approval from the US Securities and Exchange Commission (SEC).  Bitwise Chief Investment Officer (CIO) Matt Hougan has weighed in on the potential of these ETFs, predicting substantial inflows into the regulated market within the first months of trading. Market Data Suggests $15B Demand For Spot Ethereum ETFs Hougan’s projections are based on a thorough analysis of available data. He emphasizes that there is no need for speculation when…

Ethereum Price Bottom Signal: Is a Recovery on the Horizon?

boss

Ethereum price extended losses below the $3,320 support. ETH tested the $3,240 support and is now eyeing a decent increase above the $3,380 resistance. Ethereum extended losses and tested the $3,240 support zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,440 on the hourly chart of ETH/USD (data feed via Kraken). The pair could attempt a decent increase above the $3,380 and $3,400 resistance levels. Ethereum Price Founds Support Ethereum price struggled to start…

Ethereum Set For $5,000? ETH Open Interest Expanding On CME Ahead Of Spot ETFs Trading

boss

Ethereum is tracking lower when writing, sinking roughly 18% from March 2024 highs. Even though bears appear to be in control at spot rates, keeping the second most valuable coin below $3,700, confidence is high among analysts. ETH Futures Open Interest Rising On CME Taking to X, one of them noted that there are solid signs that institutions are positioning themselves to push prices higher. Citing rising open interest in Ethereum Futures at CME, a bourse, the analyst said it is highly likely that the “big money” is accumulating ETH,…

Bitcoin price could rebound with Solana, Ethereum: pro

boss

Bitcoin price was under heavy selling pressure on Monday, continuing a sell-off that started on June 7th when it peaked at $72,000. BTC tested the $60,000 level, meaning it has now lost more than 15% of its value over the past few weeks. Bitcoin’s weakness triggered a major crash among altcoins, with tokens like Turbo, Solana, and Cardano falling more than 20%. The bullish case for Bitcoin A sense of pessimism and fear has spread in the crypto industry as the fear and greed index moved to 49, down from…

Ethereum Technical Analysis: ETH Faces Bearish Sentiment Amidst Continued Downtrend

Ethereum’s price stands at $3,311, with a market capitalization of $404 billion. The 24-hour intraday trading range has fluctuated between $3,277 and $3,500, while the 24-hour trade volume has reached $16.82 billion. A technical analysis across various timeframes highlights significant bearish indicators. The confluence of oscillators and moving averages suggest a continuation of the downward […] Source CryptoX Portal

Ethereum Network Activity Rises Amid Crypto Bearish Outlook Fueled by BTC’s Dip Below $63k

CoinspeakerEthereum Network Activity Rises Amid Crypto Bearish Outlook Fueled by BTC’s Dip Below $63k The total crypto market cap slipped over 3 percent in the past 24 hours to hover around $2.4 trillion on Monday, June 24, during the early European session. The bearish crypto sentiment escalated following the ebbing of the spot Bitcoin ETF demand in the last few weeks. According to the latest crypto oracles, Bitcoin price closed last week trading around a crucial support level of about $63k. The flagship coin had since dropped another 3 percent…

Will Ethereum Skyrocket? Analyst Predicts $6,000 By September

boss

Popular crypto analyst degentrading (@degentradingLSD) has made a bold prediction that Ethereum will reach $6,000 by September 2024. This prediction comes in response to an analysis by Mechanism Capital founder Andrew Kang, who expects Ethereum to underperform despite the imminent launch of US spot Ethereum ETFs. Andrew Kang’s analysis projects a continued downtrend for ETHBTC, with the ratio expected to range between 0.035 and 0.06 over the next year. In his detailed thread on X, Kang expressed skepticism about Ethereum’s potential, despite the ETF launch being just days away. Why…

Ethereum Price Trims Gains as Bitcoin Slump Drags Crypto Market

boss

Ethereum price struggled to climb above the $3,550 resistance and trimmed gains. ETH gained bearish momentum alongside Bitcoin and tested the $3,385 zone. Ethereum is trimming gains from the $3,550 resistance zone. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,465 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if it dips below the $3,385 and $3,350 support levels. Ethereum Price Dips Further Ethereum price struggled to…

Ethereum (ETH) Records Surge In Active Addresses, Incoming Price Rebound?

boss

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…