Ether's Bull Momentum Is Strongest Since May 2021
Submitted by Anonymous (not verified) on Thu, 05/23/2024 - 14:00Ether's price has jumped 18% in six days in hopes the U.S. SEC would approve a spot ETH exchange-traded fund (ETF).
Ether's price has jumped 18% in six days in hopes the U.S. SEC would approve a spot ETH exchange-traded fund (ETF).
There is a 90% probability the SEC will approve a spot ether ETF, one observer said, drawing attention to the narrowed discount in the Grayscale Et
Traders on Lyra have snapped up ether calls at the $5,000 strike and higher this week.
SOL is often cited as a contender to replace ETH eventually. This week's market action shows how Herculean the task would be.
The notional open interest, or the dollar value locked in the number of active ether futures contracts, surged by 25% in a single day.
Our favorite strategy is to buy Bitcoin Spot, Sell 100,000 strike call, and Sell 50,000 strike put for the December 2024 expiry, 10x research said
Ether's sell-off has stalled at an upward-sloping trendline, characterizing the rally from October lows.
The ether-bitcoin ratio slides to a three-year low, extending year-to-date losses to nearly 16%.
The net percent of global central banks cutting rates is increasing in a positive sign for risk assets, including cryptocurrencies.
A taker order is the
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