ETH

The post Ethereum ETF Set To Launch Next Week: Is ETF’s Impact on ETH Price Highly Underestimated? appeared first on Coinpedia Fintech News The German government has left with nearly 5000 BTC after selling more than 90% of their balance in the past few days. This has pushed the market and the participants into disbelief as the selling pressure continues to mount without enough participation from the bulls. While Bitcoin is struggling to hold $57,000, Ethereum’s price is comfortably sitting…

As more and more investors choose to keep their Ethereum assets frozen rather than actively selling them, the Ethereum ecosystem suddenly finds itself severely short of supplies. The second-largest cryptocurrency in the world could face serious challenges going forward depending on the planned behavior of market players. Ethereum Supply Tightens Up The first sign of this supply gap came earlier this month when an unknown market player moved a staggering 6,400 Ethereum to the Beacon Chain depositor wallet. The Beacon…

Justin Sun, the founder of Tron, a decentralized blockchain-based operating system, has found himself joining the Spot Ethereum ETFs FOMO with a new $5 million investment in Ethereum (ETH), the world’s second-largest cryptocurrency.  Tron Founder Buys $5 Million Worth Of ETH In an X (formerly Twitter) post on July 11, Spot On Chain, an AI-driven on-chain analytics platform, uncovered a new Ethereum transaction allegedly executed by Sun. According to the analytics platform, the Tron founder had supposedly spent $5 million…

TON USDT is on a rising wedge and may drop to $4.578 price levels if the slant resistance doesn’t hold - Ethereum (ETH) as its co-founder Joseph Lubin said SEC remains neutral as the U.S 2024 Elections approach sighting the ETH ETF approvals. - E-commerce market to reach $7.9 trillion by 2027, as Clandeno (CLD) uses decentralized technology to set the pace. Global political developments weigh heavily on the cryptocurrency markets, significantly impacting the prices of Ethereum (ETH) and Toncoin…

Bitcoin (BTC) has dropped over the past couple of days after failing to push above the $60,000 mark. After reaching a high of $59,683, BTC fell into the red and settled at $57,386, with sellers active at higher levels. Despite BTC’s difficulty in recent days, one analyst has predicted that it could hit a staggering $330,000 this bull cycle. Smart Money Is Betting On BTC The staggering prediction was made by independent analyst Arsen, who, unfazed by BTC’s recent dip,…

Ethereum price extended its increase above the $3,120 resistance zone. ETH could soon aim for a move above the $3,200 resistance. Ethereum is slowly moving higher above the $3,080 level. The price is trading above $3,080 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise steadily if there is a close above the $3,200 resistance zone. Ethereum…

The deployment of SSV Network’s DVs in the Simple DVT Software Module will allow more at-home validators to become node operators.  SSV Network announced the official deployment of its distributed validators (DVs) in the new Simple Distributed Validator Technology (DVT) Software Module. SSV-powered validators, including professional and at-home stakers, can now deposit their assets in the clusters to become node operators. SSV Network DVT joins other DVTs in the module and will be used by cluster participants to run the…

An Ethereum whale has caused panic among community members following a recent transaction suggesting they might be looking to offload their holdings. This comes amid a recent prediction by research firm Matrixport that Ethereum’s price could significantly rebound from its current price level.  Ethereum Whales Transfers 11,215 ETH Onchain data shows that the Ethereum whale transferred 11,215 ETH ($34.3 million) to the crypto exchange Coinbase. A trader usually makes such a move when selling these tokens, and considering the amount…

The few issues between the US SEC and the spot Ethereum ETF issuers as depicted in the S-1 update fillings are an indication of imminent listing ahead. The Ethereum network has grown to a major supporter of the global web3 ecosystem, thus attracting more institutional and retail investors. In a recent interview, Katherine Dowling, the Chief Compliance Officer of Bitwise, reiterated her confidence in the inevitable listing of several spot Ethereum (ETH) exchange-traded funds (ETFs) this summer. Dowling noted that…