Investment firms Invesco and Galaxy Digital allegedly filed for a spot Ethereum ETF with the U.S. SEC on Sept. 29. Asset managers keep pursuing digital asset products, with Invesco and Galaxy Digital allegedly filing for a spot Ether (ETH) exchange-traded fund (ETF) on Sept. 29. Bloomberg ETF analyst James Seyffart disclosed the filing on X…
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Asset management firm Valkyrie has filed for an Ether futures ETF with the U.S. SEC on August 16. Asset management firm Valkyrie has filed for an Ether (ETH) futures exchange-traded fund (ETF) with the United States Securities and Exchange Commission. According to documents on August 16, the application is an addition to the company’s previous…
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Ethereum Foundation’s previous big sale of ETH preceded a bear market, but there’s little evidence that such sales affect the general market trend. On May 6, Ethereum Foundation transferred nearly $30 million in Ether (ETH) to the Kraken cryptocurrency exchange, causing jitters in the market about a potential selloff event. ETH price fell 4.8% to…
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Ether options volume hints at bearish sentiment as the $1,850 support falters. The Ether (ETH) price has struggled to sustain the $1,850 support since April 21, the same level it held before the rally toward $2,100 initiated on April 13. Investors have reason to question whether there are buyers, considering the 13.5% price correction in…
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ETH price rallied as deposits briefly surged after the Shapella upgrade, but on-chain data suggests that 1.4 million ETH will be withdrawn in the short term. Ethereum’s long-anticipated Shanghai and Capella upgrades were activated on April 12, and the total withdrawals in the first 40 hours following stood at 142,425 Ether (ETH), per Nansen data. This…
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While it may cause downside pressure in the short run, the Shanghai upgrade will be extremely bullish for Ether’s price in the mid-to-long term, according to Vivek Raman. While it may have some short-term negative impact on the price of Ether (ETH), the upcoming Shanghai upgrade will be extremely bullish for Ethereum’s native token, as…
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Traders question whether the underperformance is due to the Shapella hard fork, while derivatives data indicates that ETH buyers lack conviction. The previous six months should have been extremely beneficial to Ether’s (ETH) price, especially after the project’s most significant upgrade ever in September 2022. However, the reality was the opposite: between September 15, 2022,…
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Ether’s 78% price recovery since July 2022 is at risk of exhaustion due to an unconvincing volume profile. The price of Ethereum’s native token, Ether (ETH), has recovered 78% since June 2022. But this doesn’t guarantee further upside, particularly with declining trading volumes suggesting that the risk of a major correction is high. Ether volume…
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The Ethereum market has grown cautious around the long-awaited Shanghai upgrade, which will unlock 17.4 million ETH into circulation. The price of Ethereum’s native token, Ether (ETH), shows a growing conflict among traders about the market direction for March. This uncertainty has resulted in ETH price consolidating inside a narrow sideways range between $1,600 and…
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The upgrade is only for the Sepolia network, with a subsequent upgrade for the Goerli network to be introduced in March. Ethereum core developer Tim Beiko announced the Shapella upgrade is scheduled for Feb. 28. The Shapella network upgrade will activate on the Sepolia network at epoch 56832. Shanghai and Capella (Shapella) are the upcoming Ethereum…
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