ETH

The post Will Ethereum ETF Push ETH Price to $6,000 by Year-End? appeared first on Coinpedia Fintech News The recent approval of Ethereum ETFs marks a significant milestone in the crypto space, potentially transforming the market much like the approval of Bitcoin ETFs did in the past. As market watchers and investors work to understand these developments, insights from popular crypto analyst ‘Virtual Bacon’ on social platform X offer a comprehensive look at the expected effects and strategic responses to…

Bitcoin (BTC) registered an impressive increase over the weekend, with the price overcoming a crucial resistance level to move above $65,000. The move above $65,000 came after a slight pullback. However, spot Bitcoin ETFs continued to receive inflows, indicating that while markets were cautious, they had not turned bearish.  BTC’s recovery could set it on the path to $70,000 and a new all-time high, with the price on an upward trajectory since it closed above the 200-day SMA on July…

The post Ethereum to Cross $5,000 Next Week: ETH ETF Trading starts on July 23! appeared first on Coinpedia Fintech News Ethereum enthusiasts have been waiting for a long time for Ether to break its previous all-time high and reach new heights. Various market and non-market conditions have been stopping ETH from doing it. Finally, the circumstances look positive, and it feels like this time ETH will go to $5,000 or even higher. Let’s explore why we say this. Ethereum…

ETH derivatives volume suggests that Ethereum investors have little confidence in the Spot Ethereum ETFs, sparking a massive rally for the second-largest crypto token by market cap. This development comes amid the imminent launch of these funds, which are expected to begin trading next week.  Ethereum Futures Premium Highlights Little Confidence In ETH’s Price According to data from Laevitas, Ethereum’s fixed-month contracts annualized premium currently stands at 11%, suggesting that crypto traders aren’t bullish enough on ETH’s price. Further data…

Bitcoin (BTC) has been unable to go above $65,000, facing strong selling pressure at that price. Additionally, retail interest in BTC has hit a three-year low, with analysts stating that a rebound is needed before BTC’s “real bull run” can begin.  Despite BTC’s recent stutter, analysts have predicted the cryptocurrency’s next stop is $74,000. However, to confirm such a prediction, BTC will have to reclaim its old all-time high.  Retail Interest In BTC Hits 3-Year Low  CryptoQuant founder Ki Young…

Ethereum price started a downside correction from the $3,500 resistance zone. ETH declined below $3,440 and might struggle to stay above $3,380. Ethereum is correcting gains from the $3,500 zone. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to decline further if there is a close below the…

Bitcoin (BTC) has recorded strong inflows into its spot Bitcoin ETFs, suggesting that the sentiment may have turned positive, and traders are purchasing the asset aggressively, with the cryptocurrency also conquering crucial overhead resistance levels.  Multiple analysts have speculated that BTC could even hit $220,000 after it reclaimed several crucial support levels. This prediction is based on historical Bitcoin miner capitulation patterns.  Spot Bitcoin ETFs Register Strong Inflows Bitcoin (BTC) has pushed above several critical overhead resistance levels, indicating that…

Ethereum price failed to clear the $3,500 resistance zone. ETH is consolidating above the $3,380 support and might attempt another increase. Ethereum is correcting gains and struggling near the $3,500 zone. The price is trading above $3,380 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,375 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise unless there is a close below the $3,350 support.…

Bitcoin (BTC) has surged past $65,000 after facing intense selling pressure on Tuesday. BTC has displayed impressive strength, absorbing around 48,000 BTC sold by the German government and maintaining its upward price movement.  According to Glassnode, BTC is experiencing what is known as “near-term sell-side relief,” with Bitcoin whales continuing to accumulate more of the asset when prices dip.  Bitcoin (BTC) Marches Past $65,000 Data from TradingView has shown that BTC has rallied 20% since hitting $56,616 on July 12…