Ethereum ETF prospects remain uncertain amid SEC delays

The cryptocurrency market is buzzing with anticipation as multiple issuers compete for a spot on the Ethereum ETF landscape. Following the successful launch of spot Bitcoin products, the quest for Ether-based investment vehicles has gained momentum.  However, the path ahead is fraught with challenges, as the US Securities and Exchange Commission (SEC) continues to delay decisions, and commissioners express mixed opinions.  A report by Reuters disclosed that the SEC is reportedly planning meetings with spot Ethereum ETF applicants next month. These meetings aim to facilitate discussions and address concerns regarding the proposed Ether-based investment vehicles.  While the SECs public log does not indicate scheduled meetings, sources familiar with the matter have confirmed the plans.  Postponement casts a shadow over the industry  The SEC has postponed decisions on spot Ether-based products until May, casting a shadow of uncertainty over the industry. VanEck‘s filing stands as the first in line, with the SEC facing a deadline of May 23 to accept or reject their bid. Other prominent issuers, including BlackRock, Franklin Templeton Grayscale, and Invesco Galaxy, anxiously await the SEC’s response.  Noong nakaraang taon ay nasaksihan ang pagdagsa ng interes sa mga spot Ethereum ETF, kung saan ang mga issuer ay naghain ng mga bid pagkatapos ng mga

2024-02-29Ethereum

Malapit na bang Maabot ng ETH ang $10,000?

The cryptocurrency market is witnessing a remarkable surge as Ethereum (ETH) recently reached the $3,350 mark, marking a substantial milestone in the last two years. The enthusiasm surrounding this upward movement is palpable, impacting all altcoins in the process. This surge in prices comes ahead of the highly anticipated Bitcoin halving event scheduled for late-April 2024. With Ethereum currently priced at $3,350, the burning question is: Will Ethereum reach $10,000 soon?  Why is Ethereum Up?  The ascent of Ethereum‘s prices was already in motion, and recent developments have further fueled this bullish momentum. Ethereum’s positive trajectory has been bolstered by favorable news, including increased adoption and recognition as a valuable blockchain platform. The overall positive sentiment in the crypto space has contributed to Ethereums rise, with its technology being increasingly acknowledged for its role beyond just being a cryptocurrency.  Ethereum Price Analysis: Is Ethereum Price Bullish?  The recent surge in Ethereum‘s price, reaching $3,350, indicates a significant upswing in the broader crypto market. Over the past 24 hours, the entire market has experienced an increase of more than 5%, suggesting a bullish trend that could potentially propel Ethereum’s price even higher.  Prediction ng Ethereum Presyo: Aabot ba ang Ethereum sa $10,000?  While the current bullish momentum

2024-02-29Ethereum

Ang pagkawala ng nangungunang 10 araw ng Bitcoin sa isang taon ay maaaring magdulot sa iyo ng lahat ng taunang kita – Fundstrat

Ang pagkawala ng nangungunang 10 araw ng Bitcoin sa isang taon ay maaaring magdulot sa iyo ng lahat ng taunang kita – Fundstrat  Mabilis na Kumuha  Bitcoin is notoriously unpredictable, rendering market timing an arduous task. Different investment strategies exist, including dollar-cost averaging and lump-sum buying, each with unique merits.  However, recent research from Fundstrat, shared by the CEO of Bitwise, Hunter Horsley, sketches a striking pattern: missing the ten best days of Bitcoin‘s returns each year essentially causes you to miss out on the entire year’s profits.  This pattern has remained consistent since 2013. During 2021, a bull market, the top 10 days of the year saw an astounding 179% return compared to -43% return during the other 355 days. In contrast, in a bear market year like 2019, the best ten days still returned a substantial 217% against a -39% return for the rest of the year, according to Fundstrat.  Interestingly, this pattern seems to be repeating itself in 2024, with the best ten days garnering a 52% return, while the remaining days have generated a -15 % return, according to Fundstrat.  The post Missing Bitcoins top 10 days a year could cost you all annual gains – Fundstrat appeared first on CryptoSlate.

2024-02-29Industriya

Ethereum ETFs Will Bloom, Jim Cramer Predicts

Nilalaman  Spot Ethereum ETFs promoted by Coinbase  Will an Ethereum ETF be approved this year?  Renowned market analyst and television host Jim Cramer ipinahayag optimism about the future of Ethereum exchange-traded funds (ETFs), predicting a bright future akin to the success seen with Bitcoin ETFs.  This prediction comes after the ETH price surpassed the $3,400 mark.  Spot Ethereum ETFs promoted by Coinbase  Coinbase, a leading digital currency exchange, has taken significant steps by formally requesting the Securities and Exchange Commission (SEC) to approve the listing and trading of the Grayscale Ethereum Trust on NYSE Arca.  This request aligns with the broader industry push, involving major financial institutions like Fidelity and BlackRock, towards the establishment of Ethereum ETFs.  The potential approval of Ethereum ETFs has sparked considerable speculation about the digital currency‘s market value. Standard Chartered, a prominent financial institution, predicts a significant surge in Ethereum’s price, potentially reaching $4,000, contingent upon the SECs approval expected in May.  This forecast is based on the anticipated increase in accessibility and investment in Ethereum, should ETFs be approved, marking a pivotal moment for cryptocurrency investment.  Will an Ethereum ETF be approved this year?  The sentiment around the approval of Ethereum ETFs is increasingly positive, with industry leaders like Grayscales Sonneshein expressing confidence in the

2024-02-29Ethereum

Mga Punto ng Data sa Pagbebenta ng Presyon at $300 Milyong Panganib sa Bitcoin!

Bitcoin surpassed $58,000 and then $59,000 for the first time since December 2021. While there are generally more bullish expectations in the market, BTC is expected to reach its previous ATH of $69,000 in a short time.  However, some analysts also stated that some data signaled a possible correction for BTC, while popular analyst Ali Martinez said that the Bitcoin liquidation heat map shows that a long position of approximately $ 300 million is at risk of liquidation if Bitcoin falls to $ 55,900.  Additionally, according to IntoTheBlock data, 1.49 million addresses have purchased 432,920 BTC at prices ranging from $56,961 to $67,413 on average.  According to this data, the majority of investors who bought Bitcoin in this range are close to making a profit, while investors making a profit also signals that there may be a potential selling pressure.  If this selling pressure materializes and there is a correction in BTC price, the next key support levels for Bitcoin could lie between $55,134 and $56,961, according to the data. Because, according to IntoTheBlock data, 513,730 BTC was purchased by 991,220 addresses at an average price of $ 56,036.  However, if the correction in Bitcoin continues and the $56,000 level is not maintained, a significant

2024-02-29Industriya

Inihahanda ng ETH Rally ang Altcoin Market para sa Bull Run: Analyst

Balita ng Ethereum ng Bitcoin  Dan Gambardello thinks Ethereum and other top altcoins appear to be gearing up for a significant bull run.  The analyst identifies a fading Bitcoin dominance as an indicator of a developing altcoin bull season.  According to Gambardello, the lower the rank for cryptos in market cap, the higher their potential for percentage gains.  According to Dan Gambardello, host of the Crypto Capital Venture YouTube channel, Ethereum and other top altcoins appear to be gearing up for a significant bull run. In a recently uploaded video, the renowned analyst spotted the dwindling Bitcoin dominance, among several other factors that support his bullish observation.  Despite Bitcoin‘s recent achievements, like breaking above $57,000, Gambardello thinks Ethereum is leading the way in the developing bull run. He highlighted Ethereum’s Relative Strength Index (RSI) on the monthly chart, marking its highest level since November 2020.  By showing similarities between the ETH RSI now and in November 2020, the analyst made an interesting revelation. He believes ETH RSI is reciprocating, or traversing the same path it took in 2020 November when it broke the bull market door. This poised the altcoin market for a bull run shortly. Hence, the analyst supplemented his argument saying that this could

2024-02-29Ethereum

Ethereum rally triggers unexpected events in 24 hours - What now?

Ethereum  Ang Ethereum rally ay nag-trigger ng mga hindi inaasahang kaganapan sa loob ng 24 na oras – Ano ngayon?  Balita ng Ethereum ng Bitcoin  For the first time since April 2022, the price of Ethereum [ETH] climbed past $3,200. The value meant that ETH has registered an amazing 10.28% increase over the last seven days.  However, the events of the last 24 hours have been so interesting that the total crypto market cap was only inches away from hitting $2.20 trillion.  AMBCryptos assessment of the market showed that several other unexpected events filled the ecosystem. One of these involved a dormant pre-mine Ethereum address which held 238 ETH.  Pre-mining is associated with Initial Coin Offerings (ICO). It serves as a way to reward early investors, founders, and developers of a project.  The awakening offers ETH calm  According to a post from Whale Alert, the aforementioned address has been activated. This was the first time it came to life after almost nine years of inactivity.  Pinagmulan: X  At press time, AMBCrypto could not confirm if the activation was to sell or to move the assets to another secured wallet. If the owner decides to book profit, the sale might not significantly affect ETHs price.  However, if the action was only to

2024-02-28Ethereum

BTC Approaching 60K, ETH Conquers 3K: What’s Driving The Growth?

Bitcoin Ethereum  BTC Approaching 60K, ETH Conquers 3K: Whats Driving The Growth?  Balita ng Ethereum ng Bitcoin  Bitcoin price achieved another milestone on Tuesday when the crypto surpassed the $55K level. The market leader is now approaching the next hurdle of $60 K. The bulls might conquer $60K easily if they continue to rise with the same momentum.  On the flip side, Ethereum also joined the rally and is now approaching the $3300 level. The ETH crypto has been on the rise for the last four consecutive sessions after the bears failed to lower the price near the psychological level of $3000.  Whats Driving The Market Growth?  Several factors are driving the crypto market growth including trading volumes for the recently approved spot BTC exchange-traded funds (ETFs) had reached their peak, totaling $3.24 Billion.  Also, Bitcoin halving is nearing which is a major event in the crypto market. The halving event is all set to occur in April 2024 with only 54 days left at the moment.  The major news which hit the market yesterday was about Microstrategy which reportedly bought more bitcoins. With 52 days left before the Bitcoin halving, Microstrategy added 3000 BTC tokens worth $155 Million to their portfolio as per the announcement by the

2024-02-28Ethereum

Mga Nadagdag sa Ethereum sa Bullish na Sentiment at Institusyong Interes

Ethereum  Mga Nadagdag sa Ethereum sa Bullish na Sentiment at Institusyong Interes  Balita ng Ethereum ng Bitcoin  Ethereum (ETH) is making waves yet again.  Over the past 24 hours, ETH has climbed 3%, pushing its price from $3,077 to a high of $3,287, before settling at its current $3,258. This is a price point not seen since April 10, 2022, marking a significant milestone in Ethereums ongoing journey.  The last seven days have also been quite profitable for ETH bulls. Starting the week at $2,968, it maintained a steady sideways trade for the first four days before spiking in the last three, resulting in a robust 9.9% gain.  The technical indicators are painting a vivid picture of a strongly bullish market.  The relative strength index (RSI) is currently at 82, indicating that ETH is extremely overbought. The RSI refers to the split between traders looking to buy and those looking to sell an asset. So that means 82 out of 100 traders are buying ETH.  The gap between the exponential moving average of the last 10 days (EMA10) and the average of the last 55 days, (EMA55) is widening. This means that in the short term, ETH is experiencing faster upward movement compared to its longer-term average, which

2024-02-28Ethereum

Bitcoin & Ethereum are Rallying– Why ADA & LINK Price is Consolidating?

Bitcoin Ethereum  Bitcoin for this reason, the price is unable to surpass them despite multiple attempts. Now that the bulls appear to have become more vigilant, a small bullish push could propel the price beyond $0.7.  It is worth noting that the Gaussian channel, which points out the prevailing trend, turned bullish a couple of weeks ago. Regardless of this, the DMI is about to go bearish, which suggests the channel may not expand. With less volume and volatility, it could be extremely difficult for the price to achieve the required highs. However, until the ADA price sustains within the resistance zone, the possibility of rejection remains distinct. Therefore, the token may consolidate for a while and with the next BTC bullish push, Cardano may also clear the upper resistance.  On the other hand, Chainlinks (LINK) price is feared to lose the resistance zone that it had held tightly after marking yearly highs above $20.  In the daily time frame, the price is under intense pressure from both ends in an attempt to break through the key resistance zone. The volume is also in favour of the bulls but has been restricted below the average, due to which, the LINK price may continue to

2024-02-28Ethereum
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