Ethereum

Spot Ethereum ETFs saw surprisingly strong inflows on Tuesday, cumulatively adding over $33 million yesterday.  This comes after Grayscale’s outflows tapered down to just $120 million on Tuesday from $210 million the day before. Meanwhile, BlackRock’s ETHA ETF recorded a massive $117 million in inflows, bringing its total tally to $618 million since launch.  Great news from the Ethereum flows!Yesterday, the markets saw a net INflow of $33 million for $ETH.It explained why ETH/BTC is stronger.The outflow from the Grayscale…

Monaco City, Monaco, July 31st, 2024, Chainwire The presale of Memereum has seen significant growth, with nearly 28 million tokens sold. This increase follows the SEC's approval of the first spot Ethereum ETFs on July 23, which has contributed to enhanced liquidity flows and heightened interest in Memereum. Factors Driving Memereum's Popularity One of the key drivers behind the growing interest in Memereum is the recent introduction of a new dashboard by the Memereum team. This dashboard features a ranking…

Pseudonymous trader and analyst Roman has made a bold prediction regarding the ETH price, suggesting that investors should lower their short-term expectations. This comes amid a drop in the hype around the Spot Ethereum ETFs, with these funds currently suffering significant outflows.  What To Expect From The ETH Price Roman mentioned during an interview with Hall of Flame that he doesn’t see Ethereum “doing that well” for the next few months. The analyst believes that ETH will suffer a similar…

The post Spot Ethereum ETFs Record $34 Million Inflows On July 30 appeared first on Coinpedia Fintech News The US-listed spot Ethereum ETF fundflows have flipped to a daily net positive for the first time since its launch day, mainly due to a slowdown in bleeding from the Grayscale Ethereum Trust. Net inflows across all nine spot Ether ETFs came in at $33.6 million on July 30. BlackRock’s iShares Ethereum ETF (ETHA) made up for the largest inflows on July…

The post Ethereum ETF Records A Positive Inflow For The First Time Since Launch! appeared first on Coinpedia Fintech News On 30th July, the ETH ETF recorded a positive flow for the first time since its launch on 23rd July. Blackrock’s “ETHA” continues to lead with an inflow of $118 Million, followed by Fidelity’s “FETH” with $16.4 Million. Grayscale’s “ETH” records an inflow of $12.4 Million, whereas Franklin’s “EZET” and Bitwise’s “ETHW” add $3.7 Million and $3.5 Million over the…

Ethereum price corrected gains and traded below the $3,300 level. ETH is consolidating and facing hurdles near the $3,300 resistance zone. Ethereum started a downside correction from the $3,400 resistance. The price is trading below $3,330 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3,295 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,330 resistance zone. Ethereum…

Regardless of both their maturity in the market, Bitcoin and Ethereum rivalry persists. According to recent insights from QCP Capital, a global digital asset trading firm and market maker, Ethereum appears to have now shown potential for larger price fluctuations compared to Bitcoin. QCP reveals that the volatility premium between these two major cryptocurrencies has seen a notable increase, with Ethereum leading in potential price swings. ETH to see Larger Price Swings than BTC Delving further into the insights shared, QCP…

Finally, the spot Ethereum ETFs debuted on July 23 after a long-awaited period and numerous delays. However, ETH, the native cryptocurrency of the Ethereum blockchain, is not the only one in the spotlight. Altcoins, some of which have their fundamentals linked to the blockchain and share a strong correlation with it, could benefit from the development. Here are the top three altcoins that historical trends show could gain from the ETH ETFs. Thanks to Ethereum, Uniswap (UNI) Is Prepared to…

A few weeks ago, Ethereum Name Service (ENS) price inched closer to $35. But since the beginning of July, the value has struggled to attain such heights. Currently trading at $27.38, on-chain analysis shows that things are happening behind the scenes that could soon send ENS in that direction. Record Whale Accumulation Sparks Hope for Price Rally  Despite wobbling around a tight-trading range, IntoTheBlock reveals that whales have increased their ENS holdings. Specifically, the Large Holders Netflow shows that the…