Ethereum Watch

Whale accumulation of ETH grew, according to recent data. Network growth and velocity of ETH fell materially. Ethereum’s [ETH] recent dip in price did not reduce the optimism that traders and investors had in the slightest. Advertisements Ethereum whales start to buy Recent data showed that Ethereum whales, or large-scale investors, have accumulated over 700,000 ETH […]

Investors are bullish on Ethereum as the industry awaits the launch of Spot Ethereum ETFs. This sentiment is relayed through the recent expiration of Ethereum options contracts and the put-call ratio. According to data, over 200,000 ETH options recently expired, and the crypto community eagerly awaits the direction of the Ethereum price. Advertisements Related Reading […]

Bitcoin’s network saw more NFT sales than Ethereum’s over the past week. Floor prices of BAYC and CryptoPunks fell to multi-month lows too The sales volumes of non-fungible tokens (NFTs) on the Bitcoin [BTC] network surged last week, exceeding that of Ethereum [ETH], according to data from CryptoSlam. Advertisements Over the aforementioned period, Bitcoin’s NFT […]

Bloomberg senior ETF analyst Eric Balchunas has forecasted that spot Ethereum exchange-traded funds (ETFs) might start trading as early as next month. Advertisements Balchunas revised his previous estimate, moving the potential launch date from July 4 to July 2. Why Ethereum ETFs Could Begin Trading in July According to Eric Balchunas, the US Securities and […]

According to the latest report by QCP Capital, options data reveals a plunge in trading volatility, particularly for Bitcoin, meaning cryptocurrency traders could be in for a tamer summer. Advertisements The research firm, which is well known for spotting new market trends, points out that the data patterns in the charts suggest that we are […]

Ethereum ETF approval is expected by September allowing issuers to prepare for trading. ETH price declined post-announcement but showed recovery. After much anticipation regarding the approval of Ethereum [ETH] spot Exchange Traded Funds (ETFs), the SEC has finally provided a specific timeline. Advertisements Is SEC ready to approve the ETH ETF? During a budget hearing […]

Ethereum price struggled to clear the $3,650 resistance. ETH started another decline and there is now a risk of more dips below the $3,420 support. Advertisements Ethereum started a fresh decline below the $3,550 support zone. The price is trading below $3,540 and the 100-hourly Simple Moving Average. There is a crucial bearish trend line […]

Toncoin has seen more daily active addresses than Ethereum since the beginning of the month. TON’s weighted sentiment was positive for the first time since June started. Toncoin [TON], the blockchain network linked to the popular messaging app Telegram, has seen more demand than the leading Layer 1 blockchain, Ethereum [ETH], since the beginning of […]

US Securities and Exchange Commission (SEC) Chair Gary Gensler announced that spot Ethereum exchange-traded funds (ETFs) will likely launch this summer. Advertisements He made this statement during a budget hearing with the Senate Appropriations Committee on Thursday, June 13. Ethereum ETFs Almost Ready to Trade Gensler highlighted that the final approval process for these ETFs […]

Readers will find today’s analysis of Ethereum (ETH) interesting. On June 11, about 542,000 ETH moved out of exchanges— the largest outflow of the year. Advertisements However, the trend did not take long to change, prompting speculation that the potential increase to $4,000 may be delayed. Ethereum Opens the Floor for Bears According to data […]