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Month: May 2024

cryptocurrency May 27, 2024

Ethereum price is again moving higher above the $3,800 resistance. ETH is now consolidating near $3,850 and is eyeing an upside break above $4,000 in the near term. Advertisements Ethereum started a fresh increase above the $3,750 resistance. The price is trading above $3,750 and the 100-hourly Simple Moving Average. There is a key bullish […]

cryptocurrency May 27, 2024

Ethereum whales have become more active recently. ETH is attempting to establish the $3,600 range as its support. Analysis revealed that before the Ethereum [ETH] ETF was approved, a particular whale address made bold moves by acquiring more ETH at a specific price level. Advertisements As a result, this address saw a significant unrealized profit. […]

cryptocurrency May 26, 2024

MicroStrategy executive chairman and co-founder Michael Saylor appears to be reassessing his stance on Ethereum after the US Securities and Exchange Commission’s (SEC) approval of spot exchange-traded funds (ETFs). Advertisements In the latest episode of the “What Bitcoin Did For Me” podcast, Saylor called the SEC’s decision positive news for Bitcoin and the entire crypto […]

cryptocurrency May 26, 2024

SEC approved the 19b-4 listing for Ethereum ETFs, but S-1 approval is awaited Bitcoin ETFs have been seeing massive inflows, with Ethereum expected to attract millions too After much speculation surrounding the approval of Spot Ethereum [ETH] ETFs, the SEC gave a green light to these financial products a few days ago.  Advertisements However, what’s significant […]

cryptocurrency May 25, 2024

The newly approved spot Ethereum exchange-traded funds (ETFs) could trigger a supply crunch for the second-largest cryptocurrency by market cap. Advertisements Ethereum’s supply on centralized exchanges has hit an eight-year low, with only 12.78 million ETH available. This amount constitutes roughly 11% of the total supply. Ethereum Demand Shock Expected Analysts have noted that investors […]

cryptocurrency May 25, 2024

Ethereum core developers are gearing up for the highly anticipated “Pectra” upgrade, set to launch by the end of the first quarter of 2025. Advertisements This significant update will introduce the Ethereum Virtual Machine (EVM) Object Format (EOF), incorporating approximately 11 Ethereum Improvement Proposals (EIPs). EOF aims to enhance the EVM code through an opt-in […]

cryptocurrency May 25, 2024

Ethereum Classic’s price increased by more than 3% in the last 24 hours. ETC was awaiting its fourth halving, which is scheduled for the 31st of May. All eyes remained on the king of altcoins as the US SEC approved exchange applications to list spot Ethereum [ETH] ETFs. But Ethereum Classic [ETC] silently stole the […]

cryptocurrency May 24, 2024

According to market analysts, Ethereum ETFs could make their debut by mid-June.  Advertisements The newly approved funds aim to broaden Ethereum investment by allowing shares to be traded on stock exchanges, mirroring the cryptocurrency’s price movements. Analysts Predict Ethereum ETF Debut by Mid-June Eight ETF applicants, including VanEck, BlackRock, and Fidelity, received regulatory approval on May 23. […]