ether

Ethereum, the world’s second-largest cryptocurrency, finds itself at a critical juncture. After a strong 25% surge in the past month, outperforming its peers, Ethereum is facing a formidable hurdle in the form of resistance levels around $3,795 and $3,846. Analysts are watching this price battle closely, as it could determine the coin’s trajectory in the coming days. Breaking Barriers Or Bracing For A Tumble? Technical analysis paints a contrasting picture for Ethereum. If the bulls can muster enough strength to…

The post Right Time To Grab Ether Ahead Of Its Anticipated Surge: Ryan Sean appeared first on Coinpedia Fintech News Venture capitalist Ryan Sean believes that it would be a wise decision to grab some Ether before institutions get in ahead of its anticipated surge. Ethereum’s price may rise as a result of the capital inflow just like Bitcoin experienced it after it got institutional support. The ETF approval will provide the crypto market with legitimacy lowering risk for big…

The post Bullish Outlook For Ether As Traders Speculate Potential Price Rise  appeared first on Coinpedia Fintech News The Ether options open interest is currently $5,000 calls for the end of June expiry which is indicating a bullish outlook with traders as they are using call spreads between $4,000 and $5,000 to position for potential price rises. As per the latest analysis of options distribution by QCP Capital, there is a bullish outlook for Ether where traders are positioning to…

The post Singapore’s Largest Bank “DBS” Is Reportedly An Ether Whale With Holdings Of $650 Million In ETH! appeared first on Coinpedia Fintech News The Development Bank of Singapore Limited (DBS), the largest bank in Singapore has turned out to be an Ethereum (ETH) whale with a holding of 173,753 ETH tokens valued at approximately $650 Million according to Nansen. The address has already recorded a profit of $200 Million from their holdings. CoinDesk reached out to the bank seeking…

The post Ether Options Trading Volume On CME Reach ATH in May appeared first on Coinpedia Fintech News The monthly trading volumes of options of ether futures on the CME have reached an ATH this month, reaching $1.26B for May, a substantial rise compared to April’s volume of $615.75 million. Wintermute analysts suggest that the increase in open interest signifies the increasing interest of institutional investors in trading ether relative to bitcoin amid the upcoming launch of spot ether ETFs.

Bernstein forecasts Bitcoin and Ether ETFs reaching a market cap of $450 billion by 2025, with Bitcoin potentially hitting $150,000. Recent SEC approval of an Ether spot ETF sets a regulatory precedent, boosting prospects for other cryptocurrencies. According to a recent analysis by Bernstein, as highlighted in today’s Yahoo Finance update, the Bitcoin and Ether exchange-traded funds (ETFs) are on track for monumental growth. The firm projects that these ETFs could collectively reach a market valuation of $450 billion by…

The post Ether Inflows to Exchanges Hit Highest Point Since January appeared first on Coinpedia Fintech News The amount of Ether flowing into exchanges hit the highest point since January, with a netflow of 140.66k $ETH on Saturday. This marks the highest net deposits to exchanges in over four months. High inflows to exchanges are typically signs of selling behavior, as people either try to claim profits or succumb to FUD (Fear, Uncertainty, and Doubt) with ETH price drawing close…

The post Standard Chartered Expects Ether ETF Approval This Week; 5 DeFi Coins Projected To Surge in the Coming Weeks appeared first on Coinpedia Fintech News Standard Chartered, one of the leading banks, expects the Ethereum ETF approval this week, a move that could trigger more rallies for the Ether coin. With Ethereum going from less than $3k to almost $4k within a week, the DeFi market is currently bouncing with many DeFi tokens already turning bullish. Top DeFi tokens…

The post VanEck’s Spot Ether ETF Ad Gains 1,000 Reposts and Major Engagement appeared first on Coinpedia Fintech News VanEck promptly celebrated the SEC’s approval of its spot Ether ETF with a 37-second social media advertisement. The ad, released on May 23, encourages viewers to “Enter the ether,” garnering positive reactions and significant online engagement. The SEC’s approval positions VanEck alongside other significant asset managers, such as BlackRock and Fidelity. However, trading is expected to begin only after further SEC…