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Stay updated on the latest in the cryptocurrency market as #Bitcoin sees a significant surge, reaching a four-week high, while #ETHER leads the altcoin rally by surpassing $2,400. Discover the factors driving these price movements and the broader market trends shaping the crypto landscape.
U.S. stock market strength likely lifted cryptocurrencies, with Bitcoin hitting a four-week peak above $44,000 to reach a fresh four-week peak, driven by increased accumulation by large holders and record highs in U.S. equity indices.
The leading cryptocurrency rose from $42,700 earlier in the day to as high as $44,300, marking its highest level since January 12, the day following the launch of spot bitcoin exchange-traded funds (ETFs) in the U.S.
Ethereum $ETH led altcoins, while analysts noted increased accumulation by large holders.
The S&P 500, Dow Jones, and Nasdaq reached record highs, easing concerns about New York Community Bancorp's financial health.
Ethereum surpassed $2,400 for the first time in TWO weeks Asset managers Ark Invest and 21Shares made amendments to their joint application earlier in the day, aligning it more closely with approved spot bitcoin ETFs to potentially address regulatory concerns.
Other Ethereum-related tokens, including #Polygon's $MATIC and #Arbitrum's $ARB , also saw gains.
Stay updated on the latest in the cryptocurrency market as #Bitcoin sees a significant surge, reaching a four-week high, while #ETHER leads the altcoin rally by surpassing $2,400. Discover the factors driving these price movements and the broader market trends shaping the crypto landscape.
U.S. stock market strength likely lifted cryptocurrencies, with Bitcoin hitting a four-week peak above $44,000 to reach a fresh four-week peak, driven by increased accumulation by large holders and record highs in U.S. equity indices.
The leading cryptocurrency rose from $42,700 earlier in the day to as high as $44,300, marking its highest level since January 12, the day following the launch of spot bitcoin exchange-traded funds (ETFs) in the U.S.
Ethereum $ETH led altcoins, while analysts noted increased accumulation by large holders.
The S&P 500, Dow Jones, and Nasdaq reached record highs, easing concerns about New York Community Bancorp's financial health.
Ethereum surpassed $2,400 for the first time in TWO weeks Asset managers Ark Invest and 21Shares made amendments to their joint application earlier in the day, aligning it more closely with approved spot bitcoin ETFs to potentially address regulatory concerns.
Other Ethereum-related tokens, including #Polygon's $MATIC and #Arbitrum's $ARB , also saw gains.
$ETH WHY THE CANDLES BECAME RED May 24 2024
The recent approval of spot Ether ETFs in the U.S. has activated a "sell-the-news" reaction among crypto traders. Meanwhile, decreasing odds of Fed rate cuts continue fueling the selling pressure.
WHAT HAPPENS NEXT?
This counterintuitive reaction happens because investors usually buy in anticipation of the news, causing the price to climb beforehand. Crypto analyst Zach Rynes suggests the market had already priced in the approval, with Ether rising with 20% this week and taking the crypto market up by 5%.
Furthermore, the actual launch of these ETFs is pending further regulatory steps, including the approval of S-1 filings, which explains the financials and risks of the offering firms. VanEck's amended S-1 filing is under SEC review, this entire process could take weeks to months. It is quite difficult to give an exact timeframe.
MY CONCLUSION: The market behaviour of today looks more like a pause, because investors still need to digest recent gains and concentrate on certain external economic factors, without forgetting the recent rates "sell-off"
A lot of time went into this, but don't forget to always do your own research.
Feel free to share your opinion.
$ETH #ETHER #News
The recent approval of spot Ether ETFs in the U.S. has activated a "sell-the-news" reaction among crypto traders. Meanwhile, decreasing odds of Fed rate cuts continue fueling the selling pressure.
WHAT HAPPENS NEXT?
This counterintuitive reaction happens because investors usually buy in anticipation of the news, causing the price to climb beforehand. Crypto analyst Zach Rynes suggests the market had already priced in the approval, with Ether rising with 20% this week and taking the crypto market up by 5%.
Furthermore, the actual launch of these ETFs is pending further regulatory steps, including the approval of S-1 filings, which explains the financials and risks of the offering firms. VanEck's amended S-1 filing is under SEC review, this entire process could take weeks to months. It is quite difficult to give an exact timeframe.
MY CONCLUSION: The market behaviour of today looks more like a pause, because investors still need to digest recent gains and concentrate on certain external economic factors, without forgetting the recent rates "sell-off"
A lot of time went into this, but don't forget to always do your own research.
Feel free to share your opinion.
$ETH #ETHER #News
#Write2Earn #ETHER ’S STRUGGLE AT $3K: INSIGHTS AND OUTLOOK FOR INVESTORS
$ETH
#Ethereum is facing resistance at the $3,000 mark, but indicators suggest a potential continuation of the bullish trend. The recent surge in Ether's price, climbing 29.7% from February 6 to February 20, is attributed to decreasing supply fueled by rising demand for staking, decentralized finance (DeFi) applications, and the network's proof-of-stake burn mechanism.
Despite Ether's impressive rally to $3,000, the focus shifts to whether it can reclaim the coveted $3,300 level last observed in March 2022. Crypto investor Ryan Sean Adams speculates on X social network that Ethereum's demand season is yet to come, suggesting that the introduction of a spot Ether exchange-traded fund (ETF) could further boost its price amid declining supply.
Analyzing supply data, there's been a decrease of 18,960 ETH in total coins circulating over the past 30 days, indicating a potential scarcity in available ETH for sale. However, net withdrawals on exchanges have been preferred over deposits since February 15, potentially influencing price dynamics. Despite these trends, Ether's price remained relatively stable leading up to January 5, suggesting that factors such as staking and DeFi demand may not directly impact available supply.
The potential approval of an ETF could drive a rally in Ether's price, with approval odds estimated between 50% and 80%.
The recent #Starknet ( $STRK ) airdrop, for example, led to a decline in enthusiasm for upcoming Ethereum token launches due to significant sell pressure and controversies surrounding eligibility and supply release.
Analyzing Ether futures contracts compared to spot markets indicates continued bullish sentiment, with the one-month futures premium remaining above 14% since February 17. Despite this optimism, it falls short of the 25% premium seen in early January, suggesting a cautious yet positive outlook for Ether's price surpassing $3,300.
$ETH
#Ethereum is facing resistance at the $3,000 mark, but indicators suggest a potential continuation of the bullish trend. The recent surge in Ether's price, climbing 29.7% from February 6 to February 20, is attributed to decreasing supply fueled by rising demand for staking, decentralized finance (DeFi) applications, and the network's proof-of-stake burn mechanism.
Despite Ether's impressive rally to $3,000, the focus shifts to whether it can reclaim the coveted $3,300 level last observed in March 2022. Crypto investor Ryan Sean Adams speculates on X social network that Ethereum's demand season is yet to come, suggesting that the introduction of a spot Ether exchange-traded fund (ETF) could further boost its price amid declining supply.
Analyzing supply data, there's been a decrease of 18,960 ETH in total coins circulating over the past 30 days, indicating a potential scarcity in available ETH for sale. However, net withdrawals on exchanges have been preferred over deposits since February 15, potentially influencing price dynamics. Despite these trends, Ether's price remained relatively stable leading up to January 5, suggesting that factors such as staking and DeFi demand may not directly impact available supply.
The potential approval of an ETF could drive a rally in Ether's price, with approval odds estimated between 50% and 80%.
The recent #Starknet ( $STRK ) airdrop, for example, led to a decline in enthusiasm for upcoming Ethereum token launches due to significant sell pressure and controversies surrounding eligibility and supply release.
Analyzing Ether futures contracts compared to spot markets indicates continued bullish sentiment, with the one-month futures premium remaining above 14% since February 17. Despite this optimism, it falls short of the 25% premium seen in early January, suggesting a cautious yet positive outlook for Ether's price surpassing $3,300.
#write2earn #ETHER $ETH SHINES BRIGHT: SPECULATION SURROUNDING US CRYPTO ETFS BOOSTS INVESTOR SENTIMENT #ethereum #etherumETF #eth
Ether is stealing the spotlight from Bitcoin, driven in part by speculation that the upcoming wave of spot US crypto exchange-traded funds will prioritize the second-largest digital asset, fueling heightened investor interest.
This year, Ether has surged 28%, surpassing Bitcoin's 21% gain, a reversal from 2023 when Bitcoin led the charge. Within the past 24 hours, Ether hit $3,000 for the first time since April 2022, before retracing to $2,920 as of 11:00 a.m. Wednesday in London amidst a broader selloff in crypto markets.
Cautious US regulators greenlit the nation's inaugural spot Bitcoin ETFs in January following a legal setback last year. These 10 portfolios have attracted a net inflow of $5.2 billion since their launch on Jan. 11. While some crypto enthusiasts see these funds as a precursor to Ether ETFs, others doubt regulatory approval and anticipate further legal battles.
Stefan von Haenisch, head of trading at OSL SG Pte in Singapore, anticipates Ether's continued outperformance of Bitcoin in the coming months, particularly as the potential ETF approval draws closer around April-May. However, von Haenisch is skeptical that US Securities and Exchange Chair Gary Gensler would greenlight Ether ETFs unless compelled by court rulings.
In the derivatives market, open interest in CME Group's Ether futures platform is nearing record levels, indicating institutional investors' growing demand for exposure to Ether.
Ether serves as the token of Ethereum, the blockchain with the most commercial significance in the crypto sector. Investors can earn rewards by staking Ether to support the operation of the digital ledger, a process known as staking. The percentage of Ether being staked has hit an all-time high of 25%, according to Validator Queue, which reduces supply and could support prices.
Ether is stealing the spotlight from Bitcoin, driven in part by speculation that the upcoming wave of spot US crypto exchange-traded funds will prioritize the second-largest digital asset, fueling heightened investor interest.
This year, Ether has surged 28%, surpassing Bitcoin's 21% gain, a reversal from 2023 when Bitcoin led the charge. Within the past 24 hours, Ether hit $3,000 for the first time since April 2022, before retracing to $2,920 as of 11:00 a.m. Wednesday in London amidst a broader selloff in crypto markets.
Cautious US regulators greenlit the nation's inaugural spot Bitcoin ETFs in January following a legal setback last year. These 10 portfolios have attracted a net inflow of $5.2 billion since their launch on Jan. 11. While some crypto enthusiasts see these funds as a precursor to Ether ETFs, others doubt regulatory approval and anticipate further legal battles.
Stefan von Haenisch, head of trading at OSL SG Pte in Singapore, anticipates Ether's continued outperformance of Bitcoin in the coming months, particularly as the potential ETF approval draws closer around April-May. However, von Haenisch is skeptical that US Securities and Exchange Chair Gary Gensler would greenlight Ether ETFs unless compelled by court rulings.
In the derivatives market, open interest in CME Group's Ether futures platform is nearing record levels, indicating institutional investors' growing demand for exposure to Ether.
Ether serves as the token of Ethereum, the blockchain with the most commercial significance in the crypto sector. Investors can earn rewards by staking Ether to support the operation of the digital ledger, a process known as staking. The percentage of Ether being staked has hit an all-time high of 25%, according to Validator Queue, which reduces supply and could support prices.
#Write2earn #Ethereum 's Path to Millionaire-Making Potential: Opportunities and Challenges Ahead #EthereumPower #ETHER
$ETH $SOL
Since its debut in July 2015, Ethereum (ETH) has skyrocketed from $0.31 to $3,000 today, delivering a staggering return on investment of nearly 10,000%. But can Ethereum still offer millionaire-making opportunities?
Competitive Landscape: Ethereum once held a dominant position as the sole smart contract blockchain platform, but competitors like Solana (SOL) have emerged, challenging its supremacy. Today, three of the top 15 cryptocurrencies rival Ethereum, a stark contrast to its early dominance.
Incremental vs. Disruptive Innovation: While Ethereum continues to upgrade its blockchain, achieving promised milestones like 1 million transactions per second remains elusive. The reliance on Layer 2 blockchains for scalability suggests ongoing upgrades, raising questions about its ability to sustain disruptive innovation.
Regulatory Risk: Ethereum's regulatory status post-The Merge is uncertain, with potential SEC classification as a security due to changes in user interactions. Regulatory ambiguity could deter investors and dampen confidence, although it may not pose an existential threat.
In summary, while Ethereum's historical performance is impressive, uncertainties regarding competition, innovation, and regulation cast a shadow over its future millionaire-making potential
$ETH $SOL
Since its debut in July 2015, Ethereum (ETH) has skyrocketed from $0.31 to $3,000 today, delivering a staggering return on investment of nearly 10,000%. But can Ethereum still offer millionaire-making opportunities?
Competitive Landscape: Ethereum once held a dominant position as the sole smart contract blockchain platform, but competitors like Solana (SOL) have emerged, challenging its supremacy. Today, three of the top 15 cryptocurrencies rival Ethereum, a stark contrast to its early dominance.
Incremental vs. Disruptive Innovation: While Ethereum continues to upgrade its blockchain, achieving promised milestones like 1 million transactions per second remains elusive. The reliance on Layer 2 blockchains for scalability suggests ongoing upgrades, raising questions about its ability to sustain disruptive innovation.
Regulatory Risk: Ethereum's regulatory status post-The Merge is uncertain, with potential SEC classification as a security due to changes in user interactions. Regulatory ambiguity could deter investors and dampen confidence, although it may not pose an existential threat.
In summary, while Ethereum's historical performance is impressive, uncertainties regarding competition, innovation, and regulation cast a shadow over its future millionaire-making potential
#Write2earn #ETHER PRICES SOAR AMID GROWING HOPES FOR US APPROVAL OF SPOT #ETFS
$ETH #ethereum #EthereumETF
Crypto prices have surged amid signs the US may approve ETFs that invest directly in Ether, the second-largest cryptocurrency. This has reignited investor enthusiasm, similar to the excitement seen when Bitcoin ETFs were introduced in January, leading to a significant rally.
On Monday, Ether jumped nearly 14%, its largest rise since November 2022, and continued climbing, reaching $3,675 by Tuesday morning in London. Bitcoin also made gains, nearing its all-time high of almost $74,000 set in mid-March.
The US Securities & Exchange Commission (SEC) has contacted at least one exchange and a potential spot-Ether ETF issuer to update their filings, suggesting a higher likelihood of approval. However, approval is not guaranteed.
ETF issuers need to complete 19b-4 filings and receive SEC approval for S-1 registration statements. A decision on at least one spot-Ether ETF application is expected by May 23. The SEC has declined to comment on individual filings.
Social media is buzzing with speculation that the SEC might approve these ETFs, leading traders to quickly adjust their positions. Chris Newhouse, an analyst at Cumberland Labs, noted the sudden shift in trader behavior.
On Monday, Bloomberg Intelligence ETF analysts Eric Balchunas and James Seyffart raised their estimated probability of a spot-Ether ETF approval from 25% to 75%. Initially, fund companies had expected rejection due to limited discussions with the SEC compared to spot-Bitcoin ETFs.he SEC to move more slowly
The SEC, which has been tough on crypto, approved US spot-Bitcoin ETFs reluctantly after a 2023 court ruling. These Bitcoin ETFs, from companies like BlackRock and Fidelity, have accumulated $58.8 billion in assets, marking one of the most successful fund debuts ever.
BlackRock and Fidelity are also looking to launch Ether funds. The digital-asset industry sees ETFs as a way to attract a broader investor base, including retail investors, hedge funds, pension funds, and banks.
$ETH #ethereum #EthereumETF
Crypto prices have surged amid signs the US may approve ETFs that invest directly in Ether, the second-largest cryptocurrency. This has reignited investor enthusiasm, similar to the excitement seen when Bitcoin ETFs were introduced in January, leading to a significant rally.
On Monday, Ether jumped nearly 14%, its largest rise since November 2022, and continued climbing, reaching $3,675 by Tuesday morning in London. Bitcoin also made gains, nearing its all-time high of almost $74,000 set in mid-March.
The US Securities & Exchange Commission (SEC) has contacted at least one exchange and a potential spot-Ether ETF issuer to update their filings, suggesting a higher likelihood of approval. However, approval is not guaranteed.
ETF issuers need to complete 19b-4 filings and receive SEC approval for S-1 registration statements. A decision on at least one spot-Ether ETF application is expected by May 23. The SEC has declined to comment on individual filings.
Social media is buzzing with speculation that the SEC might approve these ETFs, leading traders to quickly adjust their positions. Chris Newhouse, an analyst at Cumberland Labs, noted the sudden shift in trader behavior.
On Monday, Bloomberg Intelligence ETF analysts Eric Balchunas and James Seyffart raised their estimated probability of a spot-Ether ETF approval from 25% to 75%. Initially, fund companies had expected rejection due to limited discussions with the SEC compared to spot-Bitcoin ETFs.he SEC to move more slowly
The SEC, which has been tough on crypto, approved US spot-Bitcoin ETFs reluctantly after a 2023 court ruling. These Bitcoin ETFs, from companies like BlackRock and Fidelity, have accumulated $58.8 billion in assets, marking one of the most successful fund debuts ever.
BlackRock and Fidelity are also looking to launch Ether funds. The digital-asset industry sees ETFs as a way to attract a broader investor base, including retail investors, hedge funds, pension funds, and banks.
#Write2earn
Dormant Ethereum Wallet Awakens: $21.9 Million in ETH Moves After Nine Years
#Ethereum #ETHER #EthereumWhale #Whale $ETH
A dormant Ethereum address containing $21.9 million has become active after nearly nine years, potentially adding selling pressure on ETH.
ETH Price Faces Volatility Amid Market Downturn
The broader cryptocurrency market is down, with Ethereum (ETH) experiencing a 3.5% drop below $3,700, hitting a low of $3,620 before recovering.
Ethereum Whale Moves 15,254 ETH to Kraken
On-chain data from LooKonChain shows a wallet linked to the Ethereum Foundation deposited 15,254 ETH ($56.1 million) into Kraken. This large transaction, involving ETH from an Ethereum ICO wallet, happened eight hours before the announcement.
Reactivation of Dormant Ethereum Addresses
Whale Alert reported the reactivation of a dormant pre-mined Ethereum address, the first in June. In May, two other dormant addresses holding $325,535 and $5.9 million also became active.
ETH Price Action and Future Outlook
Since the approval of spot ETH ETFs in the US on May 20, demand for Ethereum has surged. Long-term holders now acquire an average of 40,000 ETH daily, up from 5,000 ETH. Major ETH investors' total holdings have increased to 16 million ETH from 15.4 million.
Conclusion
The reactivation of dormant Ethereum addresses and significant whale movements may influence ETH's price. Investors and analysts are closely monitoring these developments.
Dormant Ethereum Wallet Awakens: $21.9 Million in ETH Moves After Nine Years
#Ethereum #ETHER #EthereumWhale #Whale $ETH
A dormant Ethereum address containing $21.9 million has become active after nearly nine years, potentially adding selling pressure on ETH.
ETH Price Faces Volatility Amid Market Downturn
The broader cryptocurrency market is down, with Ethereum (ETH) experiencing a 3.5% drop below $3,700, hitting a low of $3,620 before recovering.
Ethereum Whale Moves 15,254 ETH to Kraken
On-chain data from LooKonChain shows a wallet linked to the Ethereum Foundation deposited 15,254 ETH ($56.1 million) into Kraken. This large transaction, involving ETH from an Ethereum ICO wallet, happened eight hours before the announcement.
Reactivation of Dormant Ethereum Addresses
Whale Alert reported the reactivation of a dormant pre-mined Ethereum address, the first in June. In May, two other dormant addresses holding $325,535 and $5.9 million also became active.
ETH Price Action and Future Outlook
Since the approval of spot ETH ETFs in the US on May 20, demand for Ethereum has surged. Long-term holders now acquire an average of 40,000 ETH daily, up from 5,000 ETH. Major ETH investors' total holdings have increased to 16 million ETH from 15.4 million.
Conclusion
The reactivation of dormant Ethereum addresses and significant whale movements may influence ETH's price. Investors and analysts are closely monitoring these developments.
#Write2earn
VanEck Predicts Ether (ETH) to Surge to $22,000 by 2030
#VanEck #ETH #ETHER #ethereum $ETH
VanEck, a global investment firm, has set a new price target for Ether (ETH), projecting it to reach $22,000 by 2030. This ambitious forecast marks a significant rise from its current level of around $3,850.
According to VanEck, Ethereum’s disruptive potential across various sectors and substantial cash flows generated for token holders will drive this increase. The firm highlights that Ethereum is revolutionizing finance, banking, payments, marketing, advertising, social media, gaming, infrastructure, and artificial intelligence.
A key factor in this prediction is the anticipated approval of Ether exchange-traded funds (ETFs). VanEck expects these ETFs to surpass the size of Bitcoin ETFs, providing financial advisors and institutional investors a secure way to invest in Ether through qualified custodians, while benefiting from the pricing and liquidity advantages characteristic of ETFs.
VanEck's report emphasizes Ethereum's ability to offer lower costs, increased efficiency, and greater transparency. This disruptive power is expected to shift significant market share from traditional financial and tech institutions, which have a combined total available market (TAM) of $15 trillion, to blockchain-based solutions.
Moreover, VanEck predicts that the free cash flows from holding Ether, derived from revenue, will reach $66 billion by 2030, further supporting the valuation.
Ether has already seen a strong performance, up more than 63% year-to-date, indicating positive momentum towards achieving this target.
VanEck Predicts Ether (ETH) to Surge to $22,000 by 2030
#VanEck #ETH #ETHER #ethereum $ETH
VanEck, a global investment firm, has set a new price target for Ether (ETH), projecting it to reach $22,000 by 2030. This ambitious forecast marks a significant rise from its current level of around $3,850.
According to VanEck, Ethereum’s disruptive potential across various sectors and substantial cash flows generated for token holders will drive this increase. The firm highlights that Ethereum is revolutionizing finance, banking, payments, marketing, advertising, social media, gaming, infrastructure, and artificial intelligence.
A key factor in this prediction is the anticipated approval of Ether exchange-traded funds (ETFs). VanEck expects these ETFs to surpass the size of Bitcoin ETFs, providing financial advisors and institutional investors a secure way to invest in Ether through qualified custodians, while benefiting from the pricing and liquidity advantages characteristic of ETFs.
VanEck's report emphasizes Ethereum's ability to offer lower costs, increased efficiency, and greater transparency. This disruptive power is expected to shift significant market share from traditional financial and tech institutions, which have a combined total available market (TAM) of $15 trillion, to blockchain-based solutions.
Moreover, VanEck predicts that the free cash flows from holding Ether, derived from revenue, will reach $66 billion by 2030, further supporting the valuation.
Ether has already seen a strong performance, up more than 63% year-to-date, indicating positive momentum towards achieving this target.
ETHEREUM getting ready for a +20% jump
Ethereum (ETHUSD) continues to trade within the Channel Up that started on the November 2022 market bottom and is currently supported by the 1D MA50 (blue trend-line). This draws comparisons with the final consolidation after the March 10 Higher Low at the bottom of the Channel Up. Both in price and 1D RSI terms the two fractals form an Inverse Head and Shoulders which is a bullish reversal pattern found on market bottoms.
The previous fractal topped on the 2.0 Fibonacci extension level, completing a +56% rise. The 2.0 Fib on the current formation is at 2250, while a +56% rise potentially peaks 2550. We will pursue initially the $2250 target (will be a +20% increase from the current level) as it is near the 1W MA100 (red trend-line), which is a critical long-term Resistance as it has been unbroken since May 15 2022.
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#ETH #ETHUSDT #ETHERUM #ETHER #crypto2023
The previous fractal topped on the 2.0 Fibonacci extension level, completing a +56% rise. The 2.0 Fib on the current formation is at 2250, while a +56% rise potentially peaks 2550. We will pursue initially the $2250 target (will be a +20% increase from the current level) as it is near the 1W MA100 (red trend-line), which is a critical long-term Resistance as it has been unbroken since May 15 2022.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this analysis!
#ETH #ETHUSDT #ETHERUM #ETHER #crypto2023
LIVEVincent Launay
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#Ethereum
L'#Ether ferait mieux de ne pas valider cette figure tête et épaules visible sur les unités de temps.
Graphique 30 minutes de $ETH :
L'#Ether ferait mieux de ne pas valider cette figure tête et épaules visible sur les unités de temps.
Graphique 30 minutes de $ETH :