Ethereum

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…

The post Altcoins Set for Major Rally Following Massive Flush Out; Ethereum Signals Go appeared first on Coinpedia Fintech News Bitcoin is currently in a decent yet mixed position, but it faces a critical barrier that it must surpass. This isn’t much different for altcoins. Cryptocurrency analyst Wolves of Crypto identifies a five-step pattern in the altcoin market.  First, the market bottoms out during the bear market. Next, it reaches the top against bear market resistance. Following this, it tests…

The post Will Spot Ethereum ETF Trigger a New Crypto Surge? Here’s What to Expect appeared first on Coinpedia Fintech News As spot Ether ETFs near their launch, Binance CEO Richard Teng expects them to bring a steady and substantial influx of capital over time. While others predict significant immediate impacts, Teng believes the initial effects will not be exciting.  Get ready for a shake-up in the crypto world! Could Ether become more volatile than Bitcoin? Will the price skyrocket…

In a research report released on July 18, 2024, Thor Hartvigsen, a crypto researcher, strongly cautioned against the investment strategy of purchasing high-beta altcoins within the Ethereum ecosystem as a leveraged tactic, particularly with the forthcoming launch of the spot Ethereum ETFs in the United States. Hartvigsen’s analysis titled “ETH Beta – a Recipe for Disaster?” provides an analysis of whether buying ETH-correlated altcoins, commonly referred to as ‘ETH betas,’ constitutes a good investment strategy. These assets, including tokens like…

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…

The post Satoshi Era Bitcoin Whale on The Move as Ripple and Ethereum Altcoins Rise, What’s Going On? appeared first on Coinpedia Fintech News A Satoshi-era Bitcoin whale recently made waves by transferring 1,000 BTC worth $60 million after nearly 12 years of dormancy. The movement has sparked market speculation, with Bitcoin (BTC), Ripple (XRP), and Ethereum altcoins experiencing significant price swings. Huge crypto movements often lead to heightened market volatility and wild market swings. In the meantime, a new…

The post Bloomberg Analyst Confirms Date for Ethereum ETFs, Traders Eye Internet Computer and Algotech (ALGT) Over SUI appeared first on Coinpedia Fintech News The crypto world is excited as a Bloomberg analyst hinted at the­ imminent arrival of Ethereum ETFs. Following this, investors are diverting their attention towards other ventures such as Internet Computer (ICP) and Algotech (ALGT), potentially overlooking SUI. This signifies a noteworthy achievement in the crypto sphere, opening up possibilities for greater institutional funding and wider…

The post Ethereum Eyes 14% Surge: Bullish Waves Point to $3,900 Target appeared first on Coinpedia Fintech News Ethereum experienced a bounce from the critical support area. However, according to analyst Josh of Crypto World, additional signals are needed to confirm the bullish trend reversal, which we have observed over the past few days. Despite the bullish momentum, short-term pullbacks are possible, especially around resistance levels. The technical price target for this pattern is approximately $3,900, marking a potential 14%…