Ethereum (ETH) Price Prediction: 2024, 2025, 2030, 2040, and 2050
Ethereum is the DApp king and the largest altcoin of the crypto-verse. Despite already being home to over 3000 dApps and 28000 NFTs, it is still in the hot seat due to rising competition from multiple L1 and L2 counterparts with higher scalability. To address this issue, Ethereum developers are working on an Ethereum roadmap to enhance its scalability, speed, and security exponentially. But will Ethereum be successful in this roadmap, and if so, what impact will it have on Ethereum's price? Let’
Ether Surges 17%, Polymarket Approval Chances Rocket as ETF Makes Regulatory Progress
The U.S. SEC has asked exchanges to update 19b-4 filings for ether ETFs ahead of a key deadline, suggesting potential approval progress, though approval is not guaranteed.
Ether (ETH) surged 17% to over $3,600 as favorable regulatory developments increased the likelihood of ETF approval.The CoinDesk 20, tracking the largest digital assets, rose nearly 8% amid positive regulatory progress on Ether ETFs. Ether (ETH) opened the Asia business day trading above $3,600, up 17%, as favorable regulato
Ether gains 60% in 2024 | Are Cryptocurrencies gaining momentum over Ether ETF approval?
On Tuesday, Ethereum was poised for its largest two-day surge in almost two years, driven by speculation over the outcome of U.S. spot exchange-traded fund applications for the world's second-largest cryptocurrency. Ether increased by over 8% to nearly $3,780, following a nearly 14% jump on Monday. Bitcoin also saw gains, now just 4% below its March peak of over $73,800.
Cryptocurrencies driven by speculative motives, retail investors should be careful: RBI Bulletin
Interest in cryptocurrencies is driven by speculative motives rather than a means of payment for real economic transactions, the RBI bulletin has said
Cryptocurrencies are driven by speculative motives and retail investors need to be more careful, the Reserve Bank of India (RBI) has said, as it continues to be sceptical of private digital currencies which it sees as a risk to the financial system. “Our findings suggest that the interest in cryptocurrencies are driven by speculative motives rather than a means of payment for real economic transactions. As the crypto ecosystem lacks accountability and stability and is marked by regulatory ambiguity, retail investors need to be more cautious,” the central bank said in its bulletin released on May 21. The RBI Bulletin is a monthly publication that offers insights into the developments in domestic and global economies but doesn’t represent the views of the central bank. Cryptocurrency is a digital asset designed to be used on the internet. The name originates from the fact that all of its transactions are highly encrypted, making the exchanges secure. It is decentralised, unlike traditional currencies, which are managed and controlled by a central authority. A cryptocurrency is finite in number and at times equated to precious metals like gold and silver.
Six Spot Ethereum ETF Applicants Have Filed Amended 19b-4 for Upcoming Approval
Six firms have recently filed amended 19b-4 forms for their spot Ethereum ETFs, marking a significant step toward potential approval by the U.S. Securities and Exchange Commission (SEC). These filings come from major players in the financial and crypto sectors, including Fidelity, Grayscale, ARK Invest, VanEck, Franklin Templeton, and Invesco (Cointelegraph) (The Coin Republic). Fidelity's amendment includes provisions for staking a portion of the Ethereum held in the ETF, potentially providing additional income for investors (Cointelegraph). Grayscale, which holds a substantial amount of Ethereum, also filed an amended application aimed at listing its product on NYSE Arca (The Coin Republic). Market observers note that these amendments demonstrate the firms' commitment to launching these ETFs, although approval is not guaranteed. The SEC's decision is anticipated by the end of May 2024, with varying levels of optimism among analysts regarding the likelihood of approval (Cointelegraph) (The Coin Republic).
The price action on the daily timeframe level is bouncing back from its Horizontal Support level which is marked between the $0.04089 to $0.03826 level.
The price action has left out the candle imbalance level at the upper side between the $0.05770 to $0.04942 level which will fill out after the price action retests out ➖➖➖➖➖ @MFNT
The price action of $WAXP has formed a bullish harmonic shark pattern, with the price action reversing from its Potential Reversal Zone (PRZ) between the 0.886 to 1.13 Fibonacci levels. 📈
The price action is currently holding its horizontal support level, marked between $0.06092 to $0.05734. 📊 ➖➖➖➖➖ @MFNT