Ethereum

Michael Nadeau, founder of The DeFi Report, has published a deep dive into the implications of the approval of spot Ethereum (ETH) Exchange-Traded Funds (ETFs) on the cryptocurrency’s price trajectory. This analysis follows on the heels of a significant regulatory nod from the US Securities and Exchange Commission (SEC), which approved the 19b-4 applications for eight leading financial entities — Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity, and Franklin. These approvals, granted under a collective omnibus order on May…

Bitcoin (BTC) and Ethereum (ETH) are the two largest cryptocurrencies by market cap, which have been the benchmarks in regards to market performance. Typically, their price movements have affected the broader crypto space, where many altcoins saw an upswing the moment in time when BTC and ETH did. However, the recent Ethereum ETF approval has been a major point of appeal, and now, many are curious if this can be good news not only for BTC but for the KangaMoon…

The recent approval of the ETH ETF has been said to cause a massive revolution among altcoins with L2 and DeFi OGs expected to rally.  However, projects labelled as “Ethereum killers” would be left behind in the post-ETH ETF environment.  The recent approval of Ether Exchange Traded Funds (ETFs) triggered a short-term rally, forcing Bitcoin up into the $70k zone and Solana back into the $180 region. However, several external factors highlighted by Crypto News Flash have flipped over market…

ENS Labs, a non-profit organization at the heart of the Ethereum Name Service (ENS), has proposed the ENSv2 upgrade to facilitate the protocol’s migration into a Layer2 network.  Ethereum Layer2 networks have seen a significant increase in adoption, with the total value of assets on these networks also reaching an all-time high.  The ENSv2 Proposal  ENS Labs announced the proposal on X, stating that the proposal aims to overhaul the protocol and introduce a hierarchical registry that would enhance the…

Ethereum price started a downside correction below the $3,880 support. ETH is now testing the $3,760 support and might aim for a fresh increase. Ethereum started another downside correction below the $3,880 zone. The price is trading above $3,750 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,880 on the hourly chart of ETH/USD (data feed via Kraken). The pair could restart its increase unless there is a move below the…

A recent market report by research firm Kaiko noted how Grayscale’s Spot Ethereum ETF could have a negative impact on Ethereum’s (ETH) price. This is based on the firm’s expectations that Grayscale’s Ethereum Trust (ETHE) could follow a similar path to Grayscale’s Bitcoin Trust (GBTC). Ethereum Could Face Significant Selling Pressure From Grayscale’s Outflows Kaiko noted that Ethereum could face significant selling pressure from Grayscale’s ETHE once the Spot Ethereum ETFs begin trading. This is because the fund has been…

All week, the entire crypto scene seemed very excited about the spot Ethereum ETF approval. The US Security Exchange Commission (SEC) finally approved it, but to many investors’ surprise, the value of Ethereum (ETH) hasn’t increased much since the announcement.  Its trading volume is currently valued at $12.99 trillion, down 66.17% in the past 24 hours. Disappointment at the current trend involving Ethereum (ETH), proactive crypto traders are expanding their portfolios with this emerging DeFi Bluechip.  Read on to learn…

The post Ethereum (ETH) Price Prediction: Will ETH Price Hit New ATH This June? appeared first on Coinpedia Fintech News The altcoin leader, Ethereum Price, has added approximately 20% to its portfolio this month, indicating a strong bullish reversal in the crypto market. Moreover, with the rising speculations of an AltSeason soon, the ETH price continues to hover above its important support level. Post-approval of the ETH ETF, Ethereum-based tokens have displayed increased price volatility, indicating the rising interest of…

The post Ethereum (ETH) Price Initiates a Rebound: Will it Rise Above $4000 in the Next 24 Hours? appeared first on Coinpedia Fintech News Bearish clouds are again floating over the crypto space as the selling pressure is slowly increasing. Bitcoin, which aimed to surpass $70,000 despite the recent rejection, has slumped hard below $68,500, circulating bearish waves across the markets. Amid growing negative impact within the market, the second largest token, Ethereum, has been displaying some strength. While the…