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Month: March 2024

cryptocurrency March 7, 2024

Ethereum price extended its increase toward $3,900. ETH is now consolidating gains and might aim for a move above the $4,000 resistance. Advertisements Ethereum traded to a new multi-month high above $3,880. The price is trading above $3,700 and the 100-hourly Simple Moving Average. There is a short-term bullish flag pattern forming with resistance at […]

cryptocurrency March 6, 2024

Advertisements EigenLayer  was the second-largest DeFi protocol at the time of writing. EigenLayer’s exponential growth spurred rise of projects like Ether.fi. EigenLayer’s growth since the beginning of 2024 has been nothing short of historic. The restaking protocol saw a mindboggling 11x jump in total value locked (TVL) since the 1st of January, according to AMBCrypto’s […]

cryptocurrency March 6, 2024

Ethereum price rallied toward $3,850 before crashing. ETH followed Bitcoin, but the bulls are now active near the $3,350 support zone. Advertisements Ethereum traded to a new multi-month high above $3,800 before crashing. The price is trading near $3,500 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line […]

cryptocurrency March 5, 2024

Advertisements SEC postponed its verdict on the applications for spot Ethereum ETFs from BlackRock and Fidelity. Price of ETH remained unaffected and continued to grow. The United States Securities and Exchange Commission (SEC)  decided to postpone its determination on the approval or rejection of Ethereum [ETH] exchange-traded funds (ETFs) submitted by BlackRock and Fidelity, according […]

cryptocurrency March 5, 2024

The US Securities and Exchange Commission (SEC) has once again delayed approving Ethereum exchange-traded funds (ETFs) from financial heavyweights BlackRock and Fidelity. Advertisements The SEC announced its delay on Monday. This postponement signifies the regulatory body’s careful stance towards the fast-evolving cryptocurrency sector. Deadlines for Final Decisions on Ethereum ETFs Despite the excitement over recently […]

cryptocurrency March 5, 2024

Ethereum price is pumping above the $3,550 resistance. ETH is following Bitcoin and might soon rally toward the $4,000 resistance zone. Advertisements Ethereum is gaining pace above the $3,550 resistance zone. The price is trading above $3,650 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,600 […]

cryptocurrency March 4, 2024

Advertisements In February, Lido’s fees and revenue reached their highest levels. The protocol also recorded significant growths in TVL and staking APR in the last month. Monthly fees and revenue for the leading liquid staking protocol, Lido Finance [LDO], closed February at their highest levels ever, according to DefiLlama data. This was due to the […]

cryptocurrency March 3, 2024

Advertisements ETH L2s handled nearly 10x more transactions than the base layer in the last seven days. TVL on ETH L2s jumped 65% YTD. Ethereum [ETH] layer-2 (L2) solutions carried on the strong momentum generated in the last year to 2024 as well. Ethereum scales and how According to a recent post by on-chain analytics […]

cryptocurrency March 3, 2024

Bitcoin exchange-traded funds (ETFs) have enjoyed significant success, igniting hopes for similar offerings for other cryptocurrencies like Ethereum. Advertisements However, crypto attorney Jake Chervinsky holds a contrary view. He suggested that pending applications for an Ethereum ETF might face rejection from the US Securities and Exchange Commission (SEC). Why The SEC Will Deny Ethereum ETFs […]