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🔽 SEC Dump Ethereum Ethereum's 4% drop eliminated $237 million Long positions. This comes after Grayscale's decision on May 7 to withdraw its application for the Ethereum futures ETF, just three weeks before the SEC will make a decision. There are also rumors now that ETH may be classified as a security. 📊 According to crypto forecasting platform Polymarket, 92% of participants believe that Ethereum spot ETFs will be rejected. $ETH #ETH #ETF

🔽 SEC Dump Ethereum


Ethereum's 4% drop eliminated $237 million Long positions.


This comes after Grayscale's decision on May 7 to withdraw its application for the Ethereum futures ETF, just three weeks before the SEC will make a decision.


There are also rumors now that

ETH may be classified as a security.


📊 According to crypto forecasting platform Polymarket, 92% of participants believe that Ethereum spot ETFs will be rejected.

$ETH #ETH #ETF

Жауапкершіліктен бас тарту туралы мәлімдеме: үшінші тараптардың пікірлері бар. Қаржылық кеңес емес. Ішінде жарнамалық контент болуы мүмкін. Шарттар мен талаптарды қараңыз.
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📈 Ethereum Gains Momentum in June Ethereum (ETH) is currently hovering around $3,800, while Bitcoin fluctuates between $66,800 and $70,000. Despite various market-driven fluctuations, June appears particularly favorable for Ethereum compared to other cryptocurrencies. 🔸 What Are June Predictions for ETH? Last June, the cryptocurrency market seemed calm until the SEC filed lawsuits against major exchanges, Coinbase and Binance. Although history might not repeat itself this year, especially with the SEC potentially softening its stance before the November elections, Ethereum might still have a strong month. Three significant factors suggest ETH may perform well against BTC. 🔸 How Does Technical Analysis Look? The weekly ETH/BTC chart appears optimistic. Sustaining closures above the 0.051BTC level could result in substantial gains for ETH. Analyst Plazma believes ETH’s value is currently undervalued and anticipates a time when 10 ETH will equal 1 BTC. On-chain data shows a 7.75% increase in transaction volume last week, according to DappRadar. CryptoQuant reports an increase in the number of unique smart contracts on Ethereum, reflecting growing demand and interest, which bodes well for ETH prices. Bloomberg’s Eric Balchunas recently noted that BlackRock has updated the S-1 form for the iShares Ethereum Trust (ETHA). This indicates that ETH ETFs will be officially listed on exchanges by June, with June 10 being a potential optimistic date for listing. Market participants expect these spot Ether ETFs to significantly boost ETH prices. 🔸 Key Takeaways for Investors ● Sustaining closures above the 0.051BTC level could yield significant gains for ETH. ● On-chain data suggests increased transaction volumes and smart contracts activity. ● Approval and listing of ETH ETFs could serve as a catalyst for price increases. $ETH #ETH #Ethereum
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💬 Ethereum Founder Vitalik Buterin Retweeted a Tweet About Terra (LUNA)! LUNA Price Reacts Ethereum founder Vitalik Buterin retweeted a tweet shared before the Terra (LUNA) crash in 2022, arguing that LUNA enemies are generally from the Ethereum community. So, Buterin implied that the Ethereum community was right about the token in question with the LUNA collapse. The post in question that Buterin retweeted belonged to Ansem, a cryptocurrency influencer who is currently gaining popularity again. Ansem is one of the names that promote dogwifhat (WIF), one of the recently emerged memecoins. In his post shared on January 10, 2022, Ansem shared a message defending LUNA. In May of the same year, the Terra ecosystem suffered a major collapse, triggering a chain of bankruptcies in the cryptocurrency world. After Vitalik Buterin retweeted the tweet in question, there was a decrease in the price of LUNA. At the time of writing this article, LUNA is trading at $0.6553, with a decline of approximately 8% in the last 24 hours. $LUNA #LUNA #VitalikButerin
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🔥 June Pump for XRP? Price History Reveals All In May, the seventh largest digital asset saw a notable 5% price increase, crossing the important $0.5 mark and maintaining overall price stability. However, historical data suggests that the upcoming month may not be as promising for XRP enthusiasts. Over the past decade, June has been a tough month for the popular cryptocurrency. The average return on investments in XRP during the first summer month stands at -5.59%, with the median return being even worse at almost 9%. This historical pattern shows that there is a high chance that XRP will go down in June. CryptoRank says that since 2017, XRP has consistently lost money in June for its investors, with declines of at least 8.2%. The crypto market is known for being volatile, but the statistical sample for XRP is pretty solid, given that it is one of the oldest digital tokens. This long history gives a good idea of what to expect. So, It looks like investors should be ready for a possible loss in the first month of summer. XRP was pretty stable in May, with no big price swings. That is a big change from what we typically see in June. If history repeats itself, those who are hoping for more growth might be disappointed. If you are an investor looking for a June rally for XRP, you might want to think twice. The historical data points toward a likely downturn. $XRP #XRP
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👀 Near Protocol Breaks Out From Wedge Pattern: Why This Could Trigger A 37% Crash Near Protocol has had a good year in 2024 so far and has continued to hold up quite nicely despite the multiple crashes that have rocked the market. However, it seems that the altcoin may have exhausted its runway, as a crypto analyst believes its earlier breakout is very bearish for the price. 🔸 Near Protocol Breaks Out Of Wedge Pattern At the start of the month of May, the Near Protocol price had formed a wedge pattern after falling to $5.5 and then recovering slightly. This wedge pattern would hold its price in a tight range for a while. However, by the middle of the month, the Near Protocol price broke out of the wedge pattern and began a move upward. Following the breakout, the altcoin’s price saw an over 15% recovery that put its price firmly above $8, but this did not last for long. Once the Bitcoin price began to retrace and the crypto market followed, so did the Near Protocol price decline. This confirmed the bearishness hat was brewing in the price of the coin. Crypto analyst Kledji Cuni revealed in a TradingView post that this breakout remains bearish for the price. According to him, the pattern is still very solid, meaning that the breakout actually marked the beginning of the bearish trend. As for how the price will move from here, the analyst expects that Near Protocol will continue to fluctuate around its current level of $7.3. However, the downtrend is expected to happen regardless. “The price may spend some time in the same zone before it moves down for an impulsive,” he stated. Targets for the decline include an initial 8% drop to $6.78. Following this is another expected drop down to the $6 level. Then finally, the analyst expects the downtrend to bottom out around $4.6. If it goes this low, it would mean a total decline of 37% from its current price. $NEAR #Near
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Analyzing NOT / USDT - LONG SIGNAL 📈 ⏱️ Timeframe: 1h (Change below) 🪙 Coin: NOTUSDT 💲 Price: 0.0122352 Direction: ⬆️ LONG Take Profit: 0.0135 (10.34%) Stop Loss: 0.01185 (3.15%) SMA and EMA indicators are showing a bullish trend with SMA20 above SMA50, EMA20 above EMA50. RSI is in a neutral territory indicating a potential uptrend. The price is also above key SMAs and EMAs, suggesting a bullish bias. $NOT #NOT
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