Analysts agree that the launch of ETH spot ETFs could act as a major catalyst for Ethereum price in the coming months.
Analyst Bluntz predicts Ethereum must reach $2,800 and complete an ABC corrective pattern before a significant upswing to $8,000.
While other crypto mixers have been shutting down amid regulatory pressures, Railgun has seen increased adoption and support.
The total number of staked ETH has continued to increase and sits near its all-time high as it stands at 33.3 million ETH or 27.7% of the total supply.
Despite the price volatility, market sentiment appears cautiously optimistic as evidenced by on-chain and derivatives metrics.
The Ethereum whale has just made a notable withdrawal of 16,449 ETH, approximately $50.3 million, from the Binance crypto exchange.
With the launch of the spot Ethereum ETF trading approval in view, Ethereum price has started kicking off.
Grayscale has kept the distribution process of the ETH Trust shares pretty straightforward for all the existing ETHE shareholders. The ETHE shareholders won’t need to initiate any extra action to receive the ETH trust shares.
$28.86 million Ether shorts and $29.61 million ETH longs were liquidated in the past 24 hours.
Golem’s ETH liquidations have the potential to significantly impact the market.
Ethereum is also facing major selling pressure. The cryptocurrency is trading around $2,830 zone.
Through this film, members of the crypto community get to learn about the blockchain through the eyes of the people “most committed to keeping it vibrant and infinitely evolving”.
The major goal of EIP-7732 is to reduce the computational load on validators by keeping the consensus and execution layers separate. This would ultimately help in increasing the Ethereum blockchain network efficiency and speed.
The Ethereum Foundation has disclosed that it has been able to regain control of the compromised email address.
When spot Ethereum ETFs eventually hit the market, Ethereum price, per various analysts, might hit another huge milestone that might see it surpass its previous ATH.