The cryptocurrency market has been experiencing a significant downturn, with Ethereum (ETH) being one of the casualties. In the past week, ETH has seen a 9% decline, dropping to $3,130. Market observers are now closely monitoring key levels that need to hold to avoid further losses and increased liquidation rates. Analysts, like “Inspo Crypto,” are
Ethereum
The price of Ethereum (ETH) is currently facing a significant downturn, with the price rapidly approaching the crucial support level of $3,051. This sharp decline has brought about increased selling pressure and a growing bearish sentiment in the market. Traders are now closely monitoring Ethereum’s behavior to determine whether it will stabilize or experience a
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. Analysts had initially anticipated approval by July
Samuel Edyme, also known by his nickname HIM-buktu, is a multifaceted individual with a diverse set of skills. He is a web3 content writer, journalist, and aspiring trader who has made a name for himself in the crypto space. Edyme has contributed to various industry publications such as AMBCrypto, Blockchain.News, and Blockchain Reporter. His journey
With the upcoming launch of the first Ethereum ETFs in the United States, industry experts are speculating about the potential impact on Ethereum’s price in the market. The US Securities and Exchange Commission (SEC) is expected to approve these ETFs by July 4, leading to discussions reaching their final stages. According to insider sources, the
Bitwise’s Chief Investment Officer, Matt Hougan, recently provided insights on the potential inflows that US Spot Ethereum ETFs could attract. In a note to investors, he projected that these funds could see $15 billion in net inflows within their first 18 months of trading. Hougan based his projection on the market capitalizations of Bitcoin and
The anticipation for the launch of new spot Ethereum ETFs among asset managers is at an all-time high, contingent on approval from the US Securities and Exchange Commission (SEC). This development is poised to have a significant impact on the cryptocurrency market, with Bitwise Chief Investment Officer (CIO) Matt Hougan expressing optimism about the potential
Dalmas Ngetich is not your average crypto reporter. His background in mechanical engineering and over a decade of experience in journalism sets him apart in the industry. Specializing in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, Dalmas has crafted over 10,000 news and feature articles, showcasing his in-depth knowledge and expertise in the field.
Ethereum, the second-largest cryptocurrency by market capitalization, finds itself at a critical juncture as its price enters a consolidation phase. This period of price stability, characterized by a narrow trading range, has left traders and investors in a state of uncertainty. The current state of Ethereum’s price hovers around key support and resistance levels, prompting
Crypto analyst and trader Tyler Durden has recently expressed his optimistic outlook on the future of Ethereum (ETH). In a post on X (formerly Twitter), Durden stated that Ethereum reaching $10,000 is the “most asymmetric bet” in the world of cryptocurrency. He believes that ETH’s rise to this significant price level is not only inevitable