Ethereum

The crypto industry is on the verge of a potentially significant development as key figures in the sector hint at the imminent approval of a spot Ethereum ETF in the United States, possibly triggering a notable price rally for ETH. Nate Geraci, president of The ETF Store, shared insights into the expected timeline for the launch of the first spot Ethereum ETF. According to Geraci, current forecasts by Bloomberg predict a mid-July launch. He detailed the procedural timeline via X,…

Ethereum price failed to climb above the $3,520 zone and corrected gains. ETH is now showing bearish signs below the $3,400 support zone. Ethereum started a downside correction after it failed to surpass the $3,520 zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,410 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now at risk of more downsides below…

Ethereum (ETH) price has encountered a setback after briefly surpassing the $3,500 mark on Monday, dropping once again to the $3,400 support level on Tuesday. The delay stems from the expected full approval by the SEC for Ethereum ETF applications, which have now been postponed to July 8. SEC Requests Revised Filings Analysts had initially anticipated approval by July 2, but the SEC has requested issuers to submit revised filings by July 8. Bloomberg ETF expert Erich Balchunas shared on…

Spot Ethereum ETFs forecasted to launch on the 2nd of July, 2024, are of high importance to small investors and the little guys in the crypto industry, as famous market analysts reveal a spot ETH ETF introduction to bring about generational wealth opportunities and a global wealth transfer from institutional players to retail and small investors.  Meanwhile, ETFSwap (ETFS) selling fast in its viral ICO presents a golden opportunity for the little guy in the crypto industry to profit from…

The cryptocurrency community has long been interested in Vitalik Buterin, the Ethereum (ETH) inventor, and new information on his altcoin investments is a revelation. This report from the crypto tracking platform Arkham specifically explains this, which shows us how Buterin invests in crypto and which altcoins he prefers. Vitalik Buterin has made some strong statements about AI. As the co-founder of the second-largest blockchain network, his net worth and investment preferences have become matters of interest in the crypto sphere.…

The SEC’s receipt of Hashdex’s application is a key step toward potentially approving a combined Bitcoin and Ethereum ETF, impacting the crypto market. Despite past rejections, the recent approval of spot Bitcoin and Ethereum ETFs suggests a favorable shift in the regulatory landscape for future crypto ETPs. According to the recent update on Binance news, the US Securities and Exchange Commission (SEC) has confirmed receipt of the 19b-4 application from Hashdex Nasdaq Crypto Index US ETF, initially announced by Nate…

The digital asset market is experiencing a wave of investor caution, with Ethereum leading the charge. CoinShares reports show a third consecutive week of outflows, with Ether sustaining the biggest damage. This negative sentiment in the top altcoin, coupled with sluggish trading volumes and regional outflows across the market, paints a picture of a market searching for direction. Ethereum Faces Headwinds Despite Upcoming Milestone Ethereum, the world’s second-largest cryptocurrency, has seen the worst outflows of any digital asset this year,…

Ethereum price started a downside correction from the $3,520 zone. ETH is stable above $3,420 and might attempt another increase in the near term. Ethereum started a downside correction after it failed to surpass the $3,520 zone. The price is trading above $3,420 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $3,470 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $3,470 and $3,520 resistance…

The post Crypto Analyst Who Predicted Bitcoin’s Rise To $73,000 Says This Ethereum Token Is The Next To Rally appeared first on Coinpedia Fintech News In the ever-volatile world of cryptocurrencies, few voices hold as much weight as those who have accurately called major market moves. One such influential crypto analyst, who precisely forecasted Bitcoin’s (BTC) unprecedented rally to $73,000, now sets his sights on the Ethereum (ETH) token ETFSwap (ETFS). The crypto analyst predicts that ETFSwap (ETFS) is poised…