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Ethereum retraces after FTX/Alameda floods Coinbase with ETH deposit

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Ethereum News

Cryptocurrencies,SEO

Ethereum broke out of a one-week consolidation streak on Monday when it outperformed Bitcoin (BTC) to reach $3,730.

Ethereum wants to achieve real-time proof through advanced cryptography. FTX/Alameda has deposited 4,000 ETH into Coinbase. ETF analyst James Seyffart confirmed that Defiance Investment has applied for a 2x leveraged Ethereum futures ETF. Ethereum broke out of a one-week consolidation streak on Monday when it outperformed Bitcoin to reach $3,730.

The recent filing contrasts Defiance's earlier application for 2x Short MSTR ETF, tracking 2x the daily inverse performance of MicroStrategy incorporated stock. The move appears complex as Bitcoin's price movement has heavily influenced MicroStrategy's stock and ETH price in the past few years.

 

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