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Analysts believe Ether will see “tremendous” price action once spot ETFs build momentum, similar to Bitcoin after the launch of spot Bitcoin ETFs.
Share link:In this post: Ethereum’s spot ETF launch didn’t cause the market to explode, with inflows of $107 million on the first day. Ether is currently trading below key moving averages, indicating short-term bearish momentum despite a long-term bullish outlook. Analysts remain bullish, expecting Ethereum to break all-time highs with sustained institutional interest.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the infor
Spot Ethereum ETFs recorded $106.7 million in net inflows on Tuesday.“I think they pretty much met expectations for me,” Bloomberg Intelligence’s James Seyffart told The Block.
Chainalysis identified that the expansion of crypto-linked disinformation campaigns by actors like SouthFront and ISWN poses risks to global elections in 2024.
- 16:25BlackRock IBIT Bitcoin Holdings Surpass 600,000 Coins, Valued at $56.11 BillionAccording to Lookonchain statistics, BlackRock's Bitcoin spot ETF IBIT increased its holdings by 25,430 BTC in the past 7 days, valued at $2.37 billion, bringing the total holdings to 601,209 BTC, valued at $56.11 billion.
- 16:23CME FedWatch: Probability of a 25 Basis Point Rate Cut in May is 5.1%According to a report by Jinse Finance, based on CME's "Fed Watch" data, there are 7 days and 2 hours remaining until the next FOMC meeting of the Federal Reserve. The probability of a 25 basis point rate cut in May is 5.1%, while the probability of maintaining the current rate is 94.9%. The probability of the Federal Reserve maintaining the current rate until June is 29.9%, with a cumulative probability of a 25 basis point rate cut at 66.6%, and a cumulative probability of a 50 basis point rate cut at 3.5%.
- 16:23A newly created wallet withdrew 420 BTC worth $39.2 million from CEX an hour agoAccording to Odaily Planet Daily, monitored by Lookonchain, a newly created wallet withdrew 420 BTC from a CEX an hour ago, valued at $39.2 million.