ETFs would begin active trading in a few days, activity on the blockchain’s network has been discouraging. AMBCrypto found that out after evaluating the project’s network activity.
However, at the time of writing, active addresses had fallen by 15.45%. in the last seven days. New addresses were not spared either with a 6.50% decline.is. If this decline lingers, the price of ETH could be affected. This, because a drop in Ethereum’s network activity could mean less demand for the cryptocurrency.
Another indicator AMBCrypto examined was the Exchange Supply Ratio. This is the ratio of coins reserved in exchanges, relative to the total ETH supply. If this is the case, ETH’s price could climb towards $3,600 within the first few days of July. However, if the opposite happens, the value could
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:
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.
Will Ethereum bring about the next wave of crypto spot ETFs?State Street Global Advisors and Galaxy Digital announced their collaboration to introduce new ETFs that provide exposure to digital assets.
Source: CryptoAmb - 🏆 22. / 68 Read more »
6 days of Bitcoin ETF outflows – Where do BlackRock, Fidelity stand?As the crypto-community gears up for the launch of spot Ethereum [ETH] ETFs, interest in spot Bitcoin [BTC] ETFs appears to be waning...
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ethereum’s price rally: What makes THIS level a make-or-break pointEthereum’s reversal from the $3,900 resistance level over the past month has set the stage for the bears. ETH’s increasing open interest tren
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ethereum makes efforts to stabilize its priceOn-chain activities ramped up on the Ethereum network recently, but it has failed to impact the price trajectory.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ethereum Classic’s 2024 – Here’s what you should expect from its priceEthereum Classic (ETC) has been a staple in the cryptocurrency market, but never expected to go 100x. Still, 2024 is widely anticipated to...
Source: CryptoAmb - 🏆 22. / 68 Read more »
BNB Chain follows Ethereum with latest upgrade: Any impact on price?On the 20th of June, BNB Chain, the decentralized blockchain ecosystem released a major update. According to the chain, through
Source: CryptoAmb - 🏆 22. / 68 Read more »