Ethereum price fails to move despite launch of leveraged ETH ETFs

Volatility Shares leveraged Ethereum ETFs have officially launched for trading on the Cboe. Ethereum options implied volatility surpasses Bitcoin as investors anticipate launch of spot ETH ETFs. Ethereum could see a new all-time high of around $5,000 following the official launch of spot ETH ETFs. Ethereum sustained its sideways trend again on Tuesday following the launch of Volatility Shares leveraged ETH ETFs and an increase in implied volatility across ETH options.

With derivatives data indicating bullishness, ETH is unlikely to experience any major decline. The $3,618 level may prove crucial in case of a potential dip. ETH/USDT 8-hour chart ETH's next major move will likely follow an upward trajectory to break the $4,093 resistance. Considering ETH's current consolidation, it may see a major rally to a new all-time high of around $5,000 if or when the SEC gives the go-ahead for spot ETH ETFs' official launch.

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 and Bitcoin Correlation: Will Ether Price Pick Up Pace?ETH ETFs approval might fuel the long-awaited Ethereum price surge
Source: Utoday_en - 🏆 295. / 63 Read more »

Spot Ethereum ETFs could absorb over 1 million ETH in first 5 months: K33Spot Ethereum ETFs in the U.S. could attract $4 billion worth of net inflows in their first five months of trading, according to K33 Research.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Ethereum (ETH) to Break $4,100 as Falling Wedge Pattern Plays OutRecent SEC approval of Ethereum spot ETFs could propel ETH to new all-time highs
Source: Utoday_en - 🏆 295. / 63 Read more »

Ethereum bounces back from dip, Gensler refuses to comment on SEC's decision on ETH ETFsEthereum (ETH) bounced back after a brief dip on Thursday as US lawmakers penned a letter to Securities & Exchange Commission (SEC) Chair Gary Gensler, urging him to approve spot ETH ETFs.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Ethereum uncertainty prevails, ETH products see inflows as SEC Chair waives off ETH classification questionEthereum is hinting at a resumption of a sideways movement on Tuesday after seeing inflows for the first time in seven weeks.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Ethereum Co-Creator Hits Major US Exchange With 10,000 ETH TransferEthereum price 23% pump triggers 10,000 ETH dump by one of Ethereum cofounders, Jeffrey Wilcke
Source: Utoday_en - 🏆 295. / 63 Read more »