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ETHUSD

Ethereum / US Dollar

Industry

Digital Currency

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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Ethereum's recent weak performance has dampened trader enthusiasm, but better price action is forecasted in the upcoming months. Prominent traders and analysts discuss market manipulation, whale activity, and key support levels. Significant net outflows from Coinbase and increased whale purchases are noted.

Portfolio Pulse from Khyathi Dalal

June 13, 2024 | 3:18 pm

SEC Chair Gary Gensler indicated that the approval of an Ethereum ETF (ETH ETF) could happen sometime in the summer. This news could impact the market sentiment around Ethereum and related financial products.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 2:36 pm

The article covers a range of topics including the struggles of Bitcoin, Ethereum, and Dogecoin to maintain growth following hawkish Fed guidance, Joe Biden's campaign potentially accepting crypto contributions, and various other market and political updates. Key highlights include Bitcoin crossing $67,500 with significant ETF inflows, Tesla's stock surge, and GameStop's rebound.

Portfolio Pulse from Akanksha Bakshi

June 13, 2024 | 2:08 pm

Toncoin (CRYPTO: TON) is poised for a potential 40% breakout, driven by strong technical indicators and its integration with Telegram's vast user base. The network has outperformed Ethereum in daily unique addresses recently, highlighting its growing adoption.

Portfolio Pulse from Khyathi Dalal

June 13, 2024 | 12:32 pm

Circle, the issuer of USD Coin (USDC), has expanded its Web3 services to Solana, launching Programmable Wallets and Gas Stations to simplify decentralized app development. This move aims to attract more developers by reducing technical challenges and transaction fees.

Portfolio Pulse from Aniket Verma

June 13, 2024 | 9:02 am

Ark Invest, led by Cathie Wood, made significant trades involving Robinhood Markets Inc (HOOD) and Zoom Video Communications Inc (ZM). The firm sold $1.5M worth of Robinhood shares and $3.3M worth of Zoom shares. Additionally, Ark Invest made trades in Markforged Holding Corp (MKFG), PagerDuty Inc (PD), Arcturus Therapeutics Holdings Inc (ARCT), Teladoc Health Inc (TDOC), and Verve Therapeutics Inc (VERV).

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 3:22 am

Leading cryptocurrencies like Bitcoin, Ethereum, and Dogecoin saw a brief surge following favorable inflation data and the Federal Reserve's rate pause. However, the uptrend was short-lived due to hawkish comments from Fed Chair Jerome Powell. Despite the initial spike, Bitcoin's Open Interest dropped, indicating short covering by sellers. The cryptocurrency fear and greed index showed 'Greed,' suggesting FOMO is still prevalent.

Portfolio Pulse from Aniket Verma

June 13, 2024 | 1:51 am

Cryptocurrency markets initially surged on positive CPI data but retraced after a hawkish FOMC press conference. Bitcoin, Ethereum, and Dogecoin saw notable price movements. Key statistics include high short liquidations and increased large transaction volumes. Ethereum is considered undervalued by some traders, while Solana and Ripple ETFs are unlikely in the near future.

Portfolio Pulse from Khyathi Dalal

June 12, 2024 | 8:13 pm

The FOMC meeting today is crucial for the cryptocurrency market, with the new dot plot and CPI data potentially influencing rate cut expectations. A dovish outlook could boost crypto prices.

Portfolio Pulse from Murtuza Merchant

June 12, 2024 | 4:48 pm

Bitcoin, Ethereum, and Dogecoin experienced a drop ahead of the Federal Reserve's interest rate decision. The Biden Administration plans to extend sanctions on semiconductor sales to Russia, targeting Chinese sellers. Oracle shares rose by 9%, and the S&P 500 and Nasdaq hit record highs as Apple shares surged.

Portfolio Pulse from Akanksha Bakshi

June 12, 2024 | 1:53 pm

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