In Brief Ethereum’s DMI shows bullish strength as the +DI surges and the ADX nears 25, signaling growing momentum and trend confirmation. RSI hits 76.82, marking a one-month high and entering overbought territory, which may signal an incoming price correction. ETH approaches key resistance at $2,790 with bullish EMAs, but a drop below $2,462 could…
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In Brief Ethereum has historically seen its strongest monthly returns in May, averaging a 27.36% gain, suggesting potential for a price rebound. Large investors have increased their ETH holdings by over 22% since March, indicating strong confidence in Ethereum’s long-term value. The upcoming Pectra upgrade on May 7 aims to enhance scalability and usability, potentially…
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In Brief Ethereum-backed ETFs saw their seventh consecutive week of net outflows, with $82.47 million withdrawn in the past week. ETH price dropped by 11% last week, with bearish indicators suggesting a potential drop below $1,500. Lack of institutional support and selling pressure may prevent a short-term price rebound for Ethereum. Ethereum ETFs have closed…
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In Brief The SEC has approved the first-ever Ethereum ETF, marking a major milestone for Ethereum and the crypto industry. This approval indicates growing institutional acceptance and allows investors to gain direct exposure to Ethereum. Following the news, Ethereum’s price had muted response. It is currently trading around $3,475. Ethereum has followed in Bitcoin’s footsteps,…
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In Brief The SEC has approved the first-ever Ethereum ETF, marking a major milestone for Ethereum and the crypto industry. This approval indicates growing institutional acceptance and allows investors to gain direct exposure to Ethereum. Following the news, Ethereum’s price had muted response. It is currently trading around $3,475. Ethereum has followed in Bitcoin’s footsteps,…
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To sum things up Ethereum acquires unmistakable quality in the midst of Bitcoin ETF mishaps; James Seyffert takes note of their strength in the crypto domain. BlackRock’s Ethereum trust documenting on November 9 triggers an Ethereum cost hop, diminishing Grayscale’s asset markdown to 14%. Market hypothesis encompassing ETFs increases, as even misleading news about enlisting…
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