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Ethereum / US Dollar

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Ethereum is open access to digital money and data-friendly services for everyone – no matter your background or location. It's a community-built technology behind the cryptocurrency ether (ETH) and thousands of applications you can use today.

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The article outlines five key mistakes crypto traders should avoid during a bull market, including choosing between perpetual and options trading, utilizing a diamond hands strategy, knowing when to cut losses, diversifying with blue chips like BTC and ETH, and practicing smart trading by taking profits.

Portfolio Pulse from Edward Mehrez

June 24, 2024 | 3:12 pm

Coinbase Global, Inc. (NASDAQ:COIN) shares are trading lower as Bitcoin falls below $62,000. Investors are eyeing the potential approval of a spot Ethereum ETF as a future catalyst. Analysts are divided on the impact of such an ETF, with some predicting a price drop and others forecasting significant gains for Ether. Wall Street analysts have mixed ratings on Coinbase, with an average 12-month price target of $248.17.

Portfolio Pulse from Erica Kollmann

June 24, 2024 | 3:07 pm

Ethereum's price has fallen by 5.25% in the past 24 hours to $3,299.55, continuing a week-long downward trend of 6.0%. Trading volume has increased by 39.0% over the past week, and the circulating supply has risen by 1.71%. Ethereum's market cap is currently ranked #2 at $403.12 billion.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 3:00 pm

Andrew Kang from Mechanism Capital analyzed the potential impact of Ethereum ETFs, predicting ETH might trade between $2,400 and $3,000 post-ETF launch. He highlights that Ethereum ETFs may underperform Bitcoin ETFs due to lower institutional interest and complex market dynamics.

Portfolio Pulse from Khyathi Dalal

June 24, 2024 | 2:26 pm

Crypto trader Specula turned $500 into $80,000 in two days after suffering a $450,000 liquidation loss. He attributes his success to strategic trading and rotating positions between Bitcoin and Ethereum. Specula plans to reduce leverage due to the emotional toll of high-stakes trading.

Portfolio Pulse from Khyathi Dalal

June 24, 2024 | 12:16 pm

Bitcoin has dropped below $61,000, leading to $260 million in long positions being liquidated. Miners are under pressure to sell due to higher breakeven prices, and the German government has sold 3,000 BTC. Despite short-term volatility, QCP Capital is optimistic about a bullish turn towards the year-end. Ethereum shows strong bullish sentiment, partly due to expectations of an ETH spot ETF launch. Bitcoin spot ETFs have seen net outflows, but investor interest remains strong.

Portfolio Pulse from Murtuza Merchant

June 24, 2024 | 11:45 am

The anticipated approval of spot Ethereum ETFs could lead to a significant drop in Ether's price, with potential impacts on various crypto-related stocks. Analysts are divided on the potential benefits and consequences of the ETF launch.

Portfolio Pulse from Benzinga Neuro

June 24, 2024 | 11:08 am

Crypto billionaire Justin Sun has reportedly purchased $49 million worth of Ethereum over the past three days, as the cryptocurrency's price dipped. This move is seen as a bullish signal ahead of the anticipated launch of spot Ethereum ETFs and follows the closure of the SEC's investigation into Ethereum's security status.

Portfolio Pulse from Aniket Verma

June 24, 2024 | 7:17 am

Nate Geraci, president of The ETF Institute, anticipates approvals for spot Ethereum ETFs this week, potentially shaking up the cryptocurrency market. This follows his earlier prediction and comments from the SEC. Analysts predict a potential 60% rally in Ether's price if the ETFs are approved.

Portfolio Pulse from Aniket Verma

June 24, 2024 | 4:18 am

Football legend Ronaldinho has expressed bullish sentiments on cryptocurrencies, urging for their mainstream adoption. This follows a trend of celebrities endorsing digital assets, despite concerns about volatility and security.

Portfolio Pulse from Aniket Verma

June 24, 2024 | 3:18 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.