Ethereum

Ethereum price rallied over 20% amid rise in hopes of ETH ETF. ETH broke many hurdles and even broke the $3,500 resistance zone. Ethereum started a fresh surge and cleared the $3,500 resistance zone. The price is trading above $3,600 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $3,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is a close below…

Ethereum, the second-largest cryptocurrency by market capitalization, is currently poised at a crucial juncture, with a prediction of a potential breakout. Prominent crypto analyst Jelle recently pointed out that Ethereum is nearing the end of a falling wedge pattern, a situation often interpreted as a bullish signal in technical analysis. Technical Indicators And Market Sentiment Jelle observed a falling wedge pattern on Ethereum’s chart, which emerges as ETH recently reclaimed its 100-day Exponential Moving Average (EMA), a development that further…

The SEC must approve both the 19b-4 filings and the S-1 registration statements for spot Ethereum ETFs to commence trading on stock exchanges. The S-1 form is the initial registration document that discloses detailed information about the new securities being offered to the public. The financial market is on edge as the SEC’s decision on spot Ethereum ETFs is set to be announced. The decision will be a significant milestone in the integration of digital assets with traditional financial markets,…

Layer 2s are now so deeply embedded in the EVM landscape that it’s hard to recall a time when they weren’t a cornerstone of daily life for millions of users. But not so long ago, Layer 2 existed as little more than an idea than a working reality. Over the last three years, however, dozens of Layer 2 networks have sprung up to take the strain off Layer 1 chains such as Ethereum – and now the same transformation is…

Hassocks, United Kingdom, May 20th, 2024, Chainwire Trezor, the original hardware wallet company, has added Ethereum staking to its cryptocurrency management application, Trezor Suite. The new feature allows Ethereum (ETH) holders to securely commit to staking and continuously earn ETH rewards with a minimum holding of 0.1 ETH in their Trezor wallet. ETH staking in Trezor wallet has been enabled by integration with the staking-as-a-service platform, Everstake, built on the company's smart contracts and infrastructure. Staking is now available via a…

Within the ever-expanding crypto world, investors are increasingly looking beyond established projects, such as Ethereum ($ETH) and Solana ($SOL), to new investment opportunities.  Established crypto projects are exactly what they say they are—a less risky investment with some stability. However, with the burgeoning crypto market at its peak, it offers many attractive opportunities with great potential. Three projects in particular stand out amid the masses: PawFury ($PAW), Pepe ($PEPE), and Shiba Inu ($SHIB).  Shifting Investment Strategies The crypto market is growing…

One analyst has predicted that Ethereum will hit $10,000 before the end of the year, citing Ethereum’s cyclical accumulation trend that has resulted in massive spikes in the past. Another analyst cautioned that ETH could first dip 10% before embarking on its bull rally, which could result in the crypto surging past its all-time high. While the bull rally in crypto has waned in recent weeks, three analysts believe that Ethereum’s best days are still ahead. One of the analysts…

Coinbase believes the approval of an ETH ETF is inevitable, comparing the situation to the SEC’s approval of Bitcoin ETFs earlier this year, and estimates a 30-40% chance of approval by May 31, 2024. The approval of spot Ethereum ETFs requires the SEC to greenlight both the 19b-4 filings and the S-1 registration forms. While the Ethereum price has been trading under pressure for the past few weeks at around $3,000 levels, the latest report from Coinbase says that an…

Ethereum price started a downside correction from the $3,150 zone. ETH is holding gains and might start another increase from the $3,000 support. Ethereum started a downside correction after the bears defended $3,150. The price is trading above $3,000 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,080 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below…