Asset manager VanEck recently revised its prediction for Ethereum (ETH), revealing what price it believes the second-largest crypto token could reach by 2030. In a recent blog post, VanEck predicted that Ethereum could reach $22,000 by 2030. This represents a significant increase from their previous prediction of $11,800 for the same period. The firm attributes
Ethereum
Recent data has revealed a significant drop in the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges. This decrease indicates that the two largest crypto tokens by market cap are potentially gearing up for substantial upward movements, as a supply squeeze looms. According to BTC ECHO analyst Leon Waidmann, Glassnode data shows that the
With the recent approval of the Ethereum Spot ETFs by the US Securities and Exchange Commission (SEC), the landscape of the crypto market is set to change. Several prospective issuers have already filed amended versions of their S-1 forms in response to the commission’s directive. This move signifies a significant step towards the launch of
In recent months, Ethereum whales have been making significant moves in the cryptocurrency market. These whales, representing the largest investors in the space, have been actively increasing their holdings of Ethereum. According to a report by Santiment, the on-chain data shows a surge in whale activity, potentially triggered by the SEC’s approval of spot Ethereum
Ethereum (ETH) is currently experiencing a significant technical breakout, leading the way for a potential market surge. Analysts, such as Jelle, have pointed out that Ethereum has broken out of a bearish pattern, specifically the “falling wedge,” and has successfully turned key resistance levels into support zones. The current push towards the $4,000 mark indicates
Following a crucial week for Ethereum, a technical candlestick arrangement indicates that ETH prices could be gearing up for a significant uptrend in the near future. An analyst points out events in the monthly chart, highlighting the reversal of the ETH/BTC ratio from a multi-year support trend line. Historically, when prices bounce off this line,
The recent approval of the Ethereum Spot ETF has stirred up a lot of speculations regarding its potential performance once it hits the trading market. Analysts like James Seyffart have weighed in on the subject, offering their thoughts on the possible level of investments that these funds could attract compared to their Bitcoin-based counterparts. Seyffart
The price of Ethereum has been fluctuating within a consolidation zone, ranging from $3,949 to $3,627. This follows a recent rally that resulted in a 10% increase in the price of the cryptocurrency. The current price stands at around $3,752, showing a 0.66% rise above the 100-day Simple Moving Average (SMA). Analyzing Ethereum’s chart on
Thomas Fahrer, co-founder of Apollo, a firm focused on Bitcoin adoption, has issued a stark warning regarding the potential market dynamics following the approval of spot Ethereum ETFs. As the market anticipates this new development, Fahrer suggests that the transition might not be smooth for Ethereum. He pointed out that the Grayscale Ethereum Trust, launched
Recent on-chain data suggests that Ethereum whales have been making large transactions, indicating increased activity among these major players in the market. The Number of Large Transactions metric, which tracks Ethereum transactions valued at over $100,000, has seen a significant spike. This surge in large transactions implies that whales are actively moving their assets around,