The ETH/BTC pair is currency sitting at 0.051 BTC after peaking at 0.052 BTC earlier today. The pair is now up nearly 13% over the past two weeks alone. However, the pair is still down 15% from its 2024 peak of 0.061 BTC that was achieved on Jan. 12. According to the 100eyes Crypto Scanner account, the second-largest cryptocurrency has now approached a key horizontal resistance at the $3,300 level. The largest altcoin came close to surpassing this resistance level on Apr. 24.
Consensys has already hired some of the best lawyers from Manhattan-based firm Watchtell, meaning that the industry is about to witness another contentious legal battle. Moreover, some analysts believe that the SEC could potentially face another lawsuit from Grayscale over its refusal to approve a slew of spot Ethereum ETFs in May. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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ETH price nears 3-year lows vs. Bitcoin — Will an Ethereum ETF stem the tide?The current Ether price dip could present a good buying opportunity for short and long-term investors ahead of the Hong Kong ETFs, Nexo’s head of prime brokerage told Cointelegraph.
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