Ethereum
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Ethereum echoes Bitcoin’s post-ETF pattern: Will ETH rally 90%?
ETH could rally 90% to $6.5k if it follows Bitcoin’s post-ETF trend. ETH demand from U.S. investors was still low to shift market sentiment. Ethereum [ETH] dropped from $3.5k to $3k two days after U.S. spot ETH ETF launched, about an 8% decline. It was slightly up above $3.2k as of press time. However, a market observer, Croissant, claimed that…
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Stablecoin supply hits $170B: Are Ethereum ETFs behind the rise?
Stablecoin supply grew in the last few days. USDT and USDC continued to dominate the market capitalization. There has been a noticeable increase in the market capitalization and supply of stablecoins, particularly Tether [USDT] and USD Coin [USDC]. This growth has been significantly influenced by the recent approval of an Ethereum [ETH] ETF, which has played a critical role in…
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Why Is ETH Price Struggling Despite The Spot Ethereum ETFs Launch?
Post the Spot Ethereum ETFs launch, the ETH price has continued to struggle unexpectedly, proving that the launch of the Spot ETFs were a ‘sell the news’ event. So far, the second-largest cryptocurrency by market cap has lost around 10% of its value since the Spot Ethereum ETFs trading began on Tuesday, July 23, and could see further decline from…
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Why is Ethereum down today despite spot ETF debut?
ETH plunged by 8% despite the remarkable US spot ETH ETF debut. Analysts offer mixed views on the ETH’s downward pressure. Ethereum [ETH] dropped by over 7% on 24th July’s intraday trading session, following an overall meltdown across US equities that reportedly wiped out over $1 trillion in value. Amidst the market crash, the largest altcoin, which has been consolidating…
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Ethereum ETF approval sparks high sell pressure: Will ETH go below $3K?
Ethereum ETFs yield sell pressure days after approval, signaling a sell the news scenario. Whales took advantage of ETF liquidity by shorting, triggering long liquidations. It is now the third day since Ethereum [ETH] ETFs received regulatory approval and the second day of trading. ETH’s price action so far confirms that it is experiencing a “sell the news” reaction. We previously…
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Cardano ETF coming up next? Founder Charles Hoskinson stirs debate
Cardano ETF speculation led to mixed reactions, with ADA’s price declining by 5%. Historical data and the upcoming Chang Hard Fork spark optimism for ADA’s future gains. Just two days following the approval for trading spot Ethereum [ETH] ETFs, Cardano [ADA] ETF has emerged as a topic of growing interest. Cardano ETF next in line? The excitement was ignited by…
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Ethereum Whales Rapidly Accumulate ETH Amid Price Decline
Ethereum whales have been busy in the market, as on-chain data shows that these investors have been heavily accumulating the second-largest crypto token by market cap. This comes amid a price decline in ETH’s price, with history suggesting that the crypto token might suffer more price declines in the short term. Whales Accumulate More ETH Data from the market intelligence…
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Why Ethereum ETF Launch Didn’t Stop Its Price Crash: Inside Look
Ethereum’s price falls by 10% post-ETF launch, contrary to bullish predictions. Factors like market corrections and external economic pressures contribute to the downturn In recent developments, Ethereum [ETH] price has witnessed a notable downturn, dipping by nearly 10% within the past 24 hours, and currently standing at $3,164. This decline strikes as particularly significant given its timing—right after the launch…
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Bitcoin, Ethereum, and beyond: All about Hashdex’s new crypto ETF
Hashdex filed for the first index-based US crypto ETF holding Bitcoin and Ethereum. ETH ETFs saw $176.2 million inflows; Grayscale experienced $326.9 million outflows. Crypto asset management firm Hashdex has taken a significant step towards launching a groundbreaking exchange-traded fund (ETF) that directly holds spot Bitcoin [BTC] and Ethereum [ETH]. In a move that could establish the first index-based crypto…
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Can Ethereum ETFs outperform Bitcoin ETFs – Yes or No?
Expectations associated with Spot Ethereum ETFs are high on the back of their launch Ethereum’s utility, adoption, transactions, and fees could come in handy for the altcoin It has been more than 24 hours since Ethereum ETFs went live, with initial reports being fairly promising. In fact, the first day of trading reportedly yielded over $1 billion in trading volume.…
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