Ethereum Watch

Ethereum has, for the most part, established a foothold above the $3,500 price level throughout the week as investors continue to anticipate a return to the $4,000 mark. Interestingly, the optimism has seen the open interest of Ethereum surging to new highs. The surge in open interest, although a bullish sentiment indicator, can also serve […]

Vitalik Buterin sheds light on how the Dencun hard fork improved the blockchain’s scaling and efficiency. Advertisements Indeed, proto-danksharding marks a significant shift, reducing transaction fees for rollups by a staggering factor of over 100. According to Ethereum’s co-founder, this development paves the way for a more scalable, cost-efficient ecosystem. It addresses long-standing concerns about […]

Ethereum price is holding gains above the $3,500 zone. ETH could gain bullish momentum if it clears the $3,680 resistance zone in the near term. Advertisements Ethereum retested the $3,450 and is currently moving higher. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There was a break above a key bearish […]

An Ethereum whale that has been holding ETH for a long period of time sells its holdings. Price of ETH remains unaffected, however, activity on Ethereum’s ecosystem poses concerns. After seeing a massive rally over the last week, the price of Ethereum[ETH] started to get stagnant around the $3500 price level. Due to this stagnancy, […]

Ethereum displayed a bullish market structure on the 1-day chart. However, buyers were fighting for control and winning at press time. Ethereum [ETH] witnessed a negative Coinbase Premium after the recent retracement from $4.1k. Advertisements The complications surrounding an Ethereum ETF could explain why U.S. investors have grown less bullish on the asset in March. […]

Fidelity, with its $4.5 trillion in assets under management, has formally submitted an S-1 form to the US Securities and Exchange Commission (SEC), unveiling plans for a spot Ethereum exchange-traded fund (ETF) that intriguingly includes staking. Advertisements This move follows the early-year approval of the first spot Bitcoin ETF in the US, where Fidelity emerged […]

Grayscale’s CLO reiterated the SEC’s strong case for Ether ETF approval.  Commodity futures also suggested potential for spot Ether ETF approval. 2024 has been a significant year for the cryptocurrency market, marked by strong recovery in prices and investor confidence. Advertisements With the success of Bitcoin [BTC] ETFs, attention has turned to the possibility of […]

Ethereum price is showing positive signs above the $3,550 zone. ETH must clear the $3,680 resistance to continue higher in the near term. Advertisements Ethereum started another increase above the $3,550 resistance zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support […]

The Commodity Futures Trading Commission (CFTC) has designated Ethereum (ETH) and Litecoin (LTC) as commodities, setting a precedent in the regulatory oversight of cryptocurrencies. Advertisements This clarification came as part of the CFTC’s civil enforcement action against the cryptocurrency exchange KuCoin, which faces accusations of conducting illegal off-exchange commodity transactions without proper registration. Ethereum and […]

The speculation surrounding the approval of a spot Ethereum exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) has captured the attention of industry watchers. Advertisements Among them, Bloomberg’s Senior ETF Analyst Eric Balchunas offered a grim outlook, suggesting only a 25% chance of approval. 25% Chance of Ethereum ETF Approval Balchunas, who […]