Ethereum Watch

SEC could reject spot ETH ETF application based on ‘security’ status. Mixed feelings on possible SEC’s rejection grounds as ETH price dropped.  The US SEC (Securities and Exchange Commission) has been quiet on the status of Ethereum [ETH] and whether it will approve the spot ETH ETF filings.  Advertisements However, a recent development indicates that […]

A recent SEC filing has sparked concerns about the future of spot Ethereum ETFs, potentially shaking the crypto industry’s foundation. Advertisements On May 13, Scott Johnsson from Davis Polk and Wardwell highlighted the SEC’s call for public input on classifying BlackRock’s proposed spot Ethereum ETF as a commodity-based trust. SEC’s Review on Ethereum ETFs Johnsson […]

A recent report reveals that Konstantin Lomashuk and Vasiliy Shapovalov, co-founder of Lido—the largest liquid staking protocol in Ethereum (ETH)—fund a competitor of Ethereum’s restaking protocol EigenLayer. Advertisements According to a source familiar with this matter, Symbiotic is the protocol that will receive Lido co-founder’s backing. It will get support through the Cyber Fund. Symbiotic […]

Ethereum price is eyeing an upside break above the $2,900 level. ETH must settle above $2,900 and $2,940 to continue higher in the near term. Advertisements Ethereum is forming a base above the $2,860 support zone. The price is trading below $2,950 and the 100-hourly Simple Moving Average. There is a key bearish trend line […]

Ethereum showed a bearish market structure and could be headed for $2.5k. The OBV slipped below a key level as selling pressure increased. Ethereum [ETH] was in a bearish trend on the daily timeframe after dropping below the $3k mark six weeks ago. Advertisements Reports that the spot Ethereum exchange-traded funds (ETFs) applications in the […]

Vitalik Buterin, Ethereum co-founder and renowned blockchain expert, introduced a new Ethereum Improvement Proposal (EIP) numbered 7706. Advertisements This proposal suggests a new type of gas specifically designed for transaction calldata. Backed by Buterin’s extensive knowledge and experience, this initiative aims to manage and optimize how data is processed and priced within Ethereum. Introducing a […]

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Ethereum price is attempting a recovery wave from the $2,865 support. ETH might start a fresh surge if it clears the $2,960 resistance zone. Advertisements Ethereum remained stable and attempted a recovery wave above $2,900. The price is trading below $2,950 and the 100-hourly Simple Moving Average. There was a break above a major bearish […]

This week is key for the crypto market, as several pieces of news will show the industry players’ direction.  Advertisements From inflation data to legislation would affect the crypto industry, and even updates on spot Ethereum ETFs and the US Securities and Exchange Commission (SEC) lawsuit against Ripple. Wednesday’s US Consumer Price Index This week, […]

Ethereum’s Netflow got more positive. ETH was close to entering the $3,000 price zone. Recent data indicates that one of the early Ethereum [ETH] holders has transferred millions of dollars worth of ETH to an exchange. Advertisements While this movement was relatively small, it could contribute to the positive Netflow trend that ETH has been […]