Ethereum is testing a key resistance level around $2,640, and many analysts believe that breaking this point could trigger a significant surge in price. As the entire crypto market gains strength, optimism is growing among investors, who are eagerly waiting for Ethereum to catch up with Bitcoin’s recent rally. The sentiment is positive, and traders…
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Ethereum is at a pivotal moment after failing to break above the $2,500 mark on Monday. With the entire crypto market anticipating a potential rally, Ethereum investors carefully watch for any signs of strength within the network. However, growing concerns about a possible deeper correction loom over the market. Key metrics from IntoTheBlock indicate that…
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Ethereum (ETH) currently trades approximately 11% below its local highs of around $2,730. Investors are optimistic about a potential price surge in the coming days, driven by encouraging on-chain data. Key metrics from Glassnode indicate a decline in ETH inflows into exchanges, suggesting that investors are holding onto their assets rather than selling. This trend…
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Ethereum has seen a 15% drop since hitting its recent high of $2,729 last Friday, leaving analysts and investors feeling frustrated with the price action. Many expected the bullish trend to continue, but Ethereum has struggled to maintain upward momentum. Concerns are mounting as some market observers predict a deeper decline, possibly falling to yearly…
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Ethereum co-founder Vitalik Buterin recently shared an update on social media, summarizing the latest research on Ethereum block-building as of August 7, 2024. Buterin highlighted a consensus among researchers that having multiple actors contribute transactions to be included in a block is beneficial. However, there remains an open debate on whether it is possible to…
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On Friday, U.S. spot ethereum exchange-traded funds (ETFs) faced $54.27 million in outflows, a stark contrast to Thursday’s net inflow of $26.7 million, as indicated by recent data. Meanwhile, Grayscale’s Ethereum Trust (ETHE) has seen a reduction of over $2 billion in ethereum since July 23. U.S. Ether ETFs Shed $54.27 Million on Friday The…
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On Tuesday, U.S. spot ether exchange-traded funds (ETFs) experienced a day of inflows, ending four days of outflows. The nine ETFs collectively absorbed $33.67 million, though the figure could have been higher if not for Grayscale’s Ethereum Trust (ETHE), which offloaded $120.28 million. Ether ETFs Bounce Back After 4-Day Outflows The ether-based ETFs in the…
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Grayscale’s Ethereum Trust (ETHE) has shifted from a discount to a premium in its net asset value (NAV) for the first time since November 2021, as reported by ycharts.com metrics. This adjustment comes just before the expected debut of spot ether exchange-traded fund listings expected to launch later this month. On July 2, 2024, ycharts.com…
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According to supplemental disclosures in Grayscale’s Ethereum Trust 8-K report, submitted to the U.S. Securities and Exchange Commission (SEC) on June 20, the trust’s inability to utilize its ethereum for staking services places its shares at a “comparative disadvantage.” Grayscale: Ethereum Trust Strategy Could be Impacted by Staking Limitations While multiple exchange-traded fund (ETF) issuers…
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Vitalik Buterin, one of Ethereum’s co-founders, answered the criticism regarding the new institutional focus of blockchain and cryptocurrency projects. Buterin told Joe Weisenthal, co-host of Bloomberg’s financial podcast Odd Lots, that crypto culture “idealistic hippies” were still in the space, and that projects in this regard have moved forward quite a bit, citing Lens and…
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