Ethereum Watch

US SEC seeks comments on ETH ETF applications for Grayscale, Bitwise and Bitwise.  Analyst maintains low odds of May approval, calls the comments “standard procedure.” On the 3rd of April 2024, the U.S. Securities and Exchange Commission (SEC) opened a public comments period for Ethereum [ETH] ETF filing amendments tied to Bitwise, Fidelity and Grayscale.  […]

Amidst the uncertainty around Ethereum ETFs, ETH declined by 7.98% over the week. Despite optimism about EigenLayer’s protocol, challenges with Ethereum restaking were noted. As anticipation mounted for the potential approval of Ethereum [ETH] Exchange-traded Funds [ETFs], market sentiment toward Ethereum appeared to be uncertain. Advertisements According to CoinMarketCap, ETH was priced at $3,315.89, declining […]

Degen Chain’s explosive growth has sparked debate on the utility of L3s.  Polygon Chief claims that L3s could undermine Ethereum’s security and value.  Polygon [MATIC] CEO Marc Boiron has expressed his reservations about Ethereum [ETH] layer 3s (L3s) and highlighted their risks.  Advertisements Penning his thoughts on X (formerly Twitter), Boiron stated that L3s siphon […]

Bitcoin and Ethereum showcased a bullish market structure on the 12-hour chart. Key retracement levels have been defended thus far, but a retest can’t be ruled out yet. Bitcoin [BTC] and Ethereum [ETH] continued to trade within the short-term range. They have a bullish bias on the higher timeframe price charts, and whales were accumulating […]

BlackRock CEO said Ethereum ETF approval is likely despite ETH designation. Hopeful issuers are adding “staking” to ‘nudge the SEC.” Blackrock’s Larry Fink’s recent take on Ethereum [ETH] ETF approval has many commentators speculating on possible outcomes. Advertisements In a recent interview with FOX Business, Larry Fink was asked if one can start an ETH […]

Solana’s weekly DEX volume surpassed $13.3 billion. Solana’s potential to outperform Ethereum in the near future was highlighted by Celestia’s COO. Solana’s [SOL] decentralized exchange (DEX) activity witnessed a record-breaking surge in transaction volumes, coinciding with the broader cryptocurrency market.  Advertisements Notably, Solana’s weekly DEX volume surpassed $13.3 billion, marking a significant milestone in the […]

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, […]