Ether's $3K Breakout Partly Fueled by Dealer Hedging, Analyst Says
Options dealers likely bought ETH in spot/futures market to hedge their short positions in call options, adding to bullish momentum, BloFin's Griffin Ardern said.
Ether’s Triangle Breakout Could Push It to New All-Time High of $5.2K: Kraken OTC
Ether rose above $3,000 earlier this week, the highest level since April 2022.
Ether Hits $3K for First Time in Nearly 2 Years Amid Rising ETH ETF Excitement
A potential spot ETH ETF approval would boost the second-largest crypto's appeal among more conservative, institutional investors.
Ether's Fundamental Supply Outlook Better Than Bitcoin's, Analyst Says as ETH Tops $2.9K
Ether has rallied 16% in seven days, outperforming bitcoin's 8.5% rise.
Ether Could Be the Next 'Institutional Darling,' Bernstein Says
The second-largest cryptocurrency is probably the only digital asset other than bitcoin likely to get spot ETF approval from the SEC, the report said.
Bitcoin Steady Over $52K;Traders Target $55K in Short-Term
However, ether will likely capture more hype and mindshare in the coming months on a potential ETF listing, one analyst said.
Ether Traders Target $3.5K as ETH Jumps on ETF Expectations
Several traditional financial firms are vying for an ether exchange-traded fund in the U.S., a move that is boosting the token’s medium-term outlook.
Risk Assets Like Bitcoin Are Defying Low Fed Rate Cut Expectations: Analyst
An interest rate cut isn't likely on the table, but risk assets are doing just fine
Peter Thiel Made $200M Investment in BTC, ETH Before Bull Run: Reuters
A source said that the investment was split evenly between the two digital assets.
Ether’s Prometheum Test
The “only U.S.-registered crypto securities platform" is listing ETH in a bold test of the U.S. Securities and Exchange Commission's thesis that most cryptocurrencies are securities.
