SEC delays decision on Ethereum ETF S-1 drafts as analysts shifted their potential launch date again. Ethereum whale risks liquidation if ETH declines to $2,984. Ethereum breaches key support amid key insight from CME open interest. Ethereum is down more than 5% on Thursday following the Securities & Exchange Commission's failure to approve ETH ETF issuers' S-1 drafts.
Open interest is the number of outstanding contracts in a derivatives market that are yet to be settled. While the move signified wider risk aversion from traders, Ethereum's CME OI was an outlier, rising almost 1% in the last 24 hours. This indicates that US investors may be slightly bullish despite declining prices due to expectations of spot ETH ETFs' launch.
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.
Ethereum (ETH) Emerges as Crypto Darling After SEC’s Spot ETF NodCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Ethereum derivatives data indicate mixed sentiments following SEC Chair comments on ETH ETF approvalsEthereum's (ETH) price was down nearly 5% on Thursday as Securities & Exchange Commission (SEC) Chair Gary Gensler suggested spot ETH ETFs will likely receive approval over the course of the summer.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Ethereum ecosystem active users spike 55% in Q1, 2x ETH ETF records impressive volumeEthereum (ETH) failed to overcome a key resistance as it resumed its horizontal trend on Thursday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Ethereum resumes downtrend as Canada sees another staked ETH ETF launchEthereum (ETH) resumed its downward trend on Monday after a slight weekend recovery following the launch of the Canada-based Purpose Investment Staked ETH ETF.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Ethereum downtrend could prove a buy-the-dip opportunity following Canada's second staked ETH ETFEthereum (ETH) resumed its downward trend on Monday after a slight weekend recovery following the launch of the Canada-based Purpose Investment Staked ETH ETF.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Spot Ethereum ETF anticipation wipes nearly $70 million worth of ETHThe cryptocurrency market has been on a downtrend for nearly two weeks but Monday’s events showcased how impatient Ethereum (ETH) investors are.
Source: FXStreetNews - 🏆 14. / 72 Read more »