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šPrice Analysis: Ethereum Hits 6-Month High on BlackRock ETF Speculation. Ethereum prices topped $2,050 Thursday, reaching the highest level since May. The rally comes amid rumors that BlackRock may soon file for an Ether ETF.The chart shows Ethereum remains in a clear uptrend, with the 50-day SMA and 20-day EMA providing dynamic support.However, the RSI is overbought at 80, signaling the rally may be overextended short-term. š¹
š"I Don't See a Reason for the SEC to Deny the ETH ETF," said Bloomberg Analyst Eric Balchunas. There are already Ether futures ETFs trading, so which was the same reason courts ruled for the SEC to scrap its rejection of the Bitcoin spot ETF, the ETF analyst said.š¹
šLike other altcoins, the price of Polygonās MATIC token has been soaring. According to CoinMarketCap, MATICās value was $.080 at press time. The increase in price represents a 21.15% hike in the last seven days.š¹
šTerra Co-Founder Do Kwon Under Renewed Scrutiny As Crypto Firm Exec Declines SEC Questions. š¹
šBlackRock is confirmed to be working on a spot ether ETF, according to a 19b-4 filing made on Thursday afternoon.š¹
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