Ether prices have skyrocketed 150% since their April lows below $1,500 to come just shy of $4,000 this week. The massive move has been driven by institutional exchange-traded products and a new wave of treasury companies scooping up the asset, and one of those firms thinks ETH is extremely undervalued. Tom Lee’s ETH treasury firm […]
Crypto markets have started the new week in the green, and the momentum could continue as trade tensions ease. The big event for the week is the Federal Reserve meeting on July 30, when the latest interest rate decision will be made. Meanwhile, US President Trump has reached a deal with the European Union, which includes […]
A weekly close above $119,200 will kickstart the breakout from a “bull flag” chart pattern, according to analysis by ‘Rekt Capital’ on Sunday. They added that turning this level into support via a retest could occur over the coming week. Bitcoin closed the week at $119,466 on Coinbase, according to Tradingview, which means that the bullish […]
First time in over a year, Ethereum spot trading volume is greater than Bitcoin’s, reported CryptoQuant on Wednesday. Last week, ETH spot trading hit $25.7 billion compared to $24.4 billion for Bitcoin, it added, noting that this pushed the ETH/BTC spot volume ratio above 1 for the first time since June 2024. “Investors are rotating […]
After trading steadily downward for the first four months of the year, Ethereum has rebounded strongly and is currently up more than 65% over the last 30 days. The reason for this rip is “overwhelming demand” from exchange-traded products and corporate treasuries, said Bitwise chief investment officer Matt Hougan on X on Wednesday. The executive […]
The pace of Ethereum inflows to spot exchange-traded funds is picking up momentum while new treasury companies stashing the asset are announced almost daily. This will put immense buying pressure on Ethereum over the next 12 to 18 months, said Framework Ventures co-founder Vance Spencer on Tuesday. “Mid-eleven figures have been added as buy pressure […]
Ethereum has reclaimed a crucial resistance region at the $3.5K mark, showcasing notable buying activity. Nevertheless, the price has now reached a critical order block around the $3.7K range, suggesting a potential period of consolidation before any further upside continuation. Technical Analysis By Shayan ETH Price Analysis: The Daily Chart ETH has continued its bullish […]
Around 41,500 Bitcoin options contracts will expire on Friday, July 18, and they have a notional value of roughly $5 billion. This event is larger than last week’s expiry but unlikely to be enough to influence spot markets, which have been performing solidly this week. ‘Crypto Week’ in the United States has been chaotic, but the […]
Bitcoin’s rally took a brief pause after breaching the $120,000 mark. What followed were profit-taking flows that capped the momentum built over the past week. The asset eventually found a local bottom at $116,000, where bids re-emerged to support the price. However, QCP Capital believes that another pullback toward $110,000 may provide a more stable […]
BlackRock’s iShares Ethereum Trust (ETHA) saw a record inflow on Wednesday with $489 million entering the fund. The 148,585 ETH that BlackRock bought is the highest daily inflow since the fund was launched in July 2024. It also saw record daily trading volumes of $1.8 billion as institutional hunger for the asset surges. The BlackRock […]