Focus on the ecosystem surrounding Ethereum, the second‑largest network by market cap. Get insights into network upgrades, smart‑contract innovations, DeFi and NFT trends, staking developments and other Ethereum news today.
CrediBULL Crypto says that if Bitcoin price were to reach $100,000 in the near time, than Ethereum too would catch up rallying at least a 3x from the current levels.
The analysis states that Ethereum currently presents a strategic opportunity for traders. For the short term, QCP Capital reiterated its prediction of no major immediate price movements for ETH.
The possibility of regulatory approval for spot Ether exchange-traded funds (ETFs) has boosted Ethereum’s positive prospects.
The Jupiter founder also mentioned that Solana, another major blockchain network, might face similar issues if competition for blockspace increases.
10x Research stated that amid the ambiguity surrounding the Fed rate cuts for 2024, it believes that Bitcoin is better placed over altcoins, and inflows in ETFs are likely to continue.
The inevitable listing of spot Ethereum (ETH) ETFs in the United States has attracted significant attention from institutional investors amid the general crypto bullish sentiments.
Gas-free transactions remove a major hurdle for new DeFi users and simplify the trading process.
During its initial phase, MetaMask’s pooled staking service will cater to a limited user base, with plans for wider accessibility in the future.
This pre-launch momentum is further fueled by Zircuit’s staking program, which collects liquidity in anticipation of the mainnet launch.
QCP Capital highlights the possibility of the US Federal Reserve being pressured to follow suit with other Central banks.
The recent approval of spot Ethereum ETFs in the United States and Hong Kong has significantly increased overall crypto bullish sentiment amid heightened development activities.
In their research note, VanEck analysts noted that ETH can be thought of as ‘Digital Oil’ because it is consumed by engaging in activity on Ethereum.
The increased leverage is only available for isolated margin positions, meaning potential losses are capped at the initial margin used for the trade.
Several market analysts believe that the Ethereum price could skyrocket once the Ether ETFs go live for trading amid strong institutional demand.
Both Bitcoin and Ethereum are trading above their respective maximum pain points. However, as the assets approach these critical price levels, traders may witness increased buying or selling pressures, influencing market sentiment.