The journey towards the approval of an Ethereum ETF in the United States has seen a new development yesterday as the US Securities and Exchange Commission (SEC) has announced a delay in the decision for Grayscale’s Ethereum trust conversion into a spot Exchange Traded Fund (ETF). The SEC has stated the need for an extended…
Ethereum price extended its rally above the $2,250 resistance. ETH is up over 10% and might continue to rise toward the $2,500 resistance. Ethereum is showing positive signs and recently surpassed the $2,300 resistance. The price is trading above $2,250 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with…
Crypto investor Ryan Sean Adams argued on December 4 that Ethereum’s (ETH) current valuation of around $2,200 is almost “hilarious” given the strengthening on-chain activity and the blockchain’s role in the sphere. Venture Capitalist: Here’s Why Ethereum Is Grossly Undervalued Adams cited data like the first smart contract platform generating billions annually in “gas” fees, transitioning to…
Ethereum price is gaining pace above the $2,200 resistance. ETH is up over 8% and might continue to rise toward the $2,500 resistance in the coming days. Ethereum is gaining pace and recently surpassed the $2,250 resistance. The price is trading above $2,200 and the 100-hourly Simple Moving Average. There is a key bullish trend…
A crypto analyst has explained how the range around $2,000 could become a major Ethereum support base for years, making it not too late to buy ETH right now. 43.8 Million Ethereum Was Acquired Between $1,900 And $2,100 In a new post on X, analyst Ali has discussed about why Ethereum could still be worth…
The Ethereum ecosystem is back on track with its mission to ensure that Ether is deflationary following a significant increase in the burn rate. Several factors are said to have contributed to this milestone, including voluntary exits by validators. Over 106,000 ETH Burned In The Last 30 Days According to data from Ultra Sound Money,…
The price of Ethereum (ETH) has risen sharply today, hitting a new 2023 high of $2,250 as the cryptocurrency market continued to trend higher toward a successful year-end. The recent strong upward trend in Ethereum aligns with Bitcoin’s continuous attempt to break above $41,000, which it did today. As of the time of writing, the…
Ethereum price jumped above the $2,100 level and cleared $2,200. ETH is gaining pace and might surge further above the $2,220 level. Ethereum is showing a lot of positive signs and recently cleared the $2,200 resistance. The price is trading above $2,150 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line…
Ethereum price action is pushing higher over the weekend, setting a new 2023 high. The move is also a significant sign that an uptrend is forming. Could $3,000 be the next stop for Ether? Ethereum Sets New 2023 High, Uptrend In Progress ETHUSD has struggled to catch up to Bitcoin’s unstoppable dominance throughout most of…
A crypto analyst has singled out an event that could be the spark that Ethereum needs to hit the price level of $3,500. He believes that the second-largest cryptocurrency by market cap is going to make this run after Bitcoin “gets its shine.” How Ethereum Will Hit $3,500 In a post shared on his X…