Net Ethereum flows through exchanges increased by more than 6%. ETH has remained below the resistance level. Over the past month, Ethereum [ETH] has experienced a noticeable trend of outflow from exchanges. It indicated that investors were withdrawing their holdings from trading platforms. Despite the decline in exchange balances, the volume of ETH being staked … Read more
Spot Ether ETFs could drive the price of Ethereum down to $2,400. Institutional interest in Ethereum is lower than in Bitcoin, which affects ETF conversion rates. Like ether [ETH] is lagging behind Bitcoin in performance, its price is down 5.1% in the last 24 hours, bringing its current valuation to $3,315. This recent price drop … Read more
Ethereum has received a celebratory boost in otherwise fallow markets after it was announced late yesterday that the Securities and Exchange Commission has closed its “Ethereum 2.0” investigation, according to Consensys. Consensys sued the SEC in April. In its complaint, the company said the SEC had tried to “regulate ETH as a security, even though … Read more
Ethereum’s recent retracement follows a significant price increase, with ETF approvals considered bullish. Market volatility and trading activity indicate a complex, potentially bullish future for Ethereum. Ethereum [ETH]a leading cryptocurrency and blockchain platform, has seen significant market activity in recent weeks. After a remarkable rally of around 31.5% in two weeks, which saw its value … Read more
Ethereum’s price is approaching $4,000, driven by optimism surrounding newly approved ETFs. Market analysts suggest that the potential for Ethereum could reach as high as $10,000 in the current cycle. In the wake of the US Securities and Exchange Commission (SEC) approving applications for Ethereum [ETH]-based Exchange Traded Funds (ETFs), the king of the altcoins, … Read more