Digital Coin News

Ethereum quiet at $3,800: Calm before the ETF boost?

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Ethereum could benefit from a weakening US Dollar Index (DXY) and ETF launch speculation. But will non-staking ETF drive consistent demand?

However, divergent views on non-staking ETH ETF demand persisted.has been quiet on the charts, swinging around $3,800 for about two weeks now.Ethereum’s bullish expectations, ETH’s options market volume was higher than BTC’s, underscoring further bullish expectations for the king of altcoins.

“This bullishness is likely to continue as the market waits for the ETH spot ETF to usher in new demand. The options market certainly reflects this, with ETH vols still trading 15% over BTC vols.”, established that ETH trended higher amidst a weakening US Dollar Index . Both Bitcoin and ETH are inversely correlated. A weakening DXY always coincides with a rally for ETH and BTC.Most market observers eyed massive demand for ETH from spot ETH ETFs.

That said, a weakening DXY could boost ETH’s short-term price action before spot ETH ETFs launch. However, how demand plays out post-ETH ETFs remains to be seen.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Grayscale's application for ethereum futures ETF withdrawnExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Bitcoin vs Ethereum: How they have fared since January’s ETF approvalLeading altcoin Ethereum [ETH] has underperformed compared to Bitcoin [BTC] since January, Glassnode found in a new report.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin steady near $67k as crypto investors eye Ethereum ETF decisions this weekThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

DeFi tokens brace for Ethereum ETF decision: What’s at stake?DeFi tokens price action hangs in the balance has Ethereum's sentiment drag performance ahead of ETH ETF deadline.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Ethereum ETF approval odds jump from 25% to 75%Ethereum ETF approval odds hits 75% after SEC requested exchanges to update their 19b-4s forms. A similar move on S-1s could tip it to 100%.
Source: CryptoAmb - 🏆 22. / 68 Read more »