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CATEGORY: ethereum trading


Jun 25, 2024 12:05

Ethereum Set For $5,000? ETH Open Interest Expanding On CME Ahead Of Spot ETFs Trading

Ethereum is tracking lower when writing, sinking roughly 18% from March 2024 highs. Even though bears appear to be in control at spot rates, keeping the second most valuable coin below $3,700, confidence is high among analysts. ETH Futures Open Interest Rising On CME Taking to X, one of them noted that there are solid signs that institutions are positioning themselves to push prices higher. Citing rising open interest in Ethereum Futures at CME, a bourse, the analyst said it is highly likely that the “big money” is accumulating ETH, taking advantage of the recent correction. To reassert this outlook, the analyst said the trend observed from the Ethereum CME futures contracts’ open interest is a reliable telltale sign. Notably, this trend mirrors what transpired with Bitcoin futures before the launch of spot Bitcoin exchange-traded funds (ETFs). For this reason, the analyst is convinced that a similar pattern is printing for Ethereum. Related Reading: Bitcoin Bears Target $60,000 Level As Price Continue To Decline Currently, Ethereum is printing discouraging lower lows. Sellers have been resilient, deflating any momentum buildup and placing caps on bulls. So far, it is emerging that $3,700 is a resistance level for traders to monitor closely. Bulls did not launch a counter once it was broken on June 7, and the bear breakout was confirmed four days later on June 11. Despite the current market conditions, the launch of Ethereum spot ETFs could still drive prices to new heights. The analyst predicts a potential expansion to $5,000, confirming the Q1 2024 trend and the breakout above the current flag. Still, whether bulls will be in control depends on how price action pans out. Technically, open interest shows the cumulative summation of both open or long-leveraged positions. If buyers push prices to rise, ETH should expand in the coming days, even breaking $3,700 this week. Spot Ethereum ETF Optimism: Will They Be A Success? Beyond this, the recent flurry of activity surrounding spot Ethereum ETF applications bolsters this optimism. On June 21, seven applicants, whose 19b-4 forms were recently approved, submitted amended S-1 registration statements with the United States Securities and Exchange Commission (SEC). Analysts now think the regulator could approve the trading of these products by early July 2024.   Related Reading: Solana Slides 13% Can It Recover Despite Analysts $1,000 Prediction? While bullish for Ethereum, some analysts are not convinced they will enjoy similar success as those seen when spot Bitcoin ETFs began trading. Eric Balchunas, Senior ETF analyst at Bloomberg, predicted that spot Ethereum ETF would succeed if it grabs just 20% of all the capital inflow going to its Bitcoin counterpart. Feature image from DALLE, chart from TradingView

May 20, 2025 02:30

Ethereum Forecast 2025: Key Levels to Watch as ETH Eyes $5,234 Breakout

The world’s second-largest cryptocurrency by capitalization, Ethereum, is trading at $2,412.98 as it drops 3.71% over the last 24 hours. Owing to the decline notwithstanding, optimism in the markets is still high as is evident from a 129.87% increase in trading volume to $32.47 billion now. ETH has fallen 4.56% over the week to end […]

Apr 30, 2025 02:30

Ethereum (ETH) Eyes Breakout: Will $2,200 Resistance Mark the Next Bullish Surge?

Ethereum is indicating a potential breakout from a long consolidation period in a downtrend channel. Traders are keenly observing levels of resistance, at which a strong bullish continuation might be triggered as momentum starts to build up. Recent price levels are hinting at increasing buyer interest, so the next couple of days might become pivotal […]

Fidelity opens up Ethereum trading to institutional investors

Author: noreply@blogger.com (Unknown)
United States
Oct 20, 2022 11:35

Fidelity opens up Ethereum trading to institutional investors

Fidelity Investments’ digital assets unit is allowing institutional investors the opportunity to buy Ethereum (ETH) among other capabilities, according to an email the investment giant sent to clients.

This latest Ethereum news was also highlighted by Bruce Fenton, a stockbroker at Watchdog Capital.

Fidelity to offer Ether trading and custody

Fidelity’s announcement targets institutional investors looking for an entry into the Ethereum market following the smart contracts platform’s recent upgrade from a proof-of-work to a proof-of-stake blockchain.

Fidelity Digital Assets indeed notes this in the note to clients, pointing to its move to open up ETH custody and trading services to the recently completed Ethereum merge. The email notes in part:

“Wherever you are in your exploration of Ethereum and ether, its native token and currently the second largest cryptocurrency by market capitalization, Fidelity Digital Assets has the capabilities to help.”

As per the notification, interested institutional investors can access buying, selling and transfer of Ether via the dedicated digital assets unit as from 28 October. Users will enjoy the same security and services that the company offers to bitcoin investments, the email reads.

Fidelity launched its institutional-focused crypto custody and trading subsidiary in 2018. As we reported in September this year, the company joined Charles Schwab, Citadel Securities and other Wall Street firms to roll out the crypto trading platform EDX Markets.

The Ethereum trading offering to institutional clients comes weeks after Fidelity announced an Ethereum Index Fund for accredited investors.

The post Fidelity opens up Ethereum trading to institutional investors appeared first on Invezz.



from Cryptocurrency – Invezz

Jun 01, 2022 07:10

Traders’ Secret Revealed – BEST Prices to Buy and Sell Ethereum

Traders can buy or sell Ethereum depending on the sentiment of the entire crypto market. Let's explain how to trade Ethereum in 2022.

Feb 09, 2024 05:50

Prometheums Ethereum Custodial Launch Puts SECs ETH Classification In The Spotlight

Prometheum, an alternative trading platform for crypto securities assets, has recently announced the launch of its custodial services for Ethereum (ETH). This move has significant implications for the legal status of the second-largest cryptocurrency by market capitalization.  Fortune Magazine reported that the companys strategy is to compel regulators, particularly the Securities and Exchange Commission (SEC), [...]

The post Prometheums Ethereum Custodial Launch Puts SECs ETH Classification In The Spotlight appeared first on Crypto Breaking News.

Oct 04, 2024 05:50

Over 1.8 Million Addresses Bought 52 Million ETH At $2,350: Will Ethereum Continue Falling?

Ethereum is down when writing, mirroring the general performance across the board. The nearly 2% drop in the crypto scene is due to the contraction of Bitcoin, Ethereum, and top altcoins. At present, the total market cap is down to $2.17 trillion. It could post even more losses should bears press on, reversing the gains [...]

The post Over 1.8 Million Addresses Bought 52 Million ETH At $2,350: Will Ethereum Continue Falling? appeared first on Crypto Breaking News.

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