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#Analytics #Ethereum
π· After a decline within a descending correctional trend, the price of the #ETH/USDT coin found support in the range of levels 2817 - 2921, where the technical analysis pattern "Head and Shoulders" was formed, which can be considered as a signal for a trend change to bullish.
π The nearest resistance is in the range of levels 3005 - 3037. Breaking this level will confirm the signal for the beginning of price growth with the nearest targets in the range of 3140 - 3215.
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Spam transactions are a scheme where scammers send you small amounts from addresses similar to yours. Often, they have matching beginnings and endings of your wallet address, which allows them to capitalize on carelessness. Users sometimes hastily copy the address of the last transaction, which is the scammer's address.
A few hours ago, someone lost 1 155 WBTCβwrapped #BTC for use on the #ETH blockchainβusing this scheme.
Have you encountered similar attacks?
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#BTC - investment outflow of $284 million.
#ETH - inflow of $30 million.
Inflows were also noted for many altcoins. The most significant ones were:
#AVAX - $0.5 million.
#ADA - $0.4 million.
#DOT - $0.3 million.
Negative sentiments among traders continue to be fueled by news regarding cryptocurrency regulation.
For example, we can mention the statement by CFTC Chairman Rostin Benham about new sanctions against professional participants in the cryptocurrency market.
Also recently, investors received news of a possible SEC lawsuit against Robinhood for violating securities market laws, in the form of a "Wells notice" notification.
Taking into account the past year and the stories of legal proceedings by US securities market regulators against Binance, Coinbase, Kraken, the news of new cases does not instill confidence in buying cryptocurrencies.
However, on the other hand, the launch of trading in cryptocurrency investment products in Hong Kong has slightly smoothed out the negativity and has not caused quotes to plummet even further, with an inflow of around $307 million.
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For now, the decision will only apply to VanEck.
For the largest contender for launching ETH ETFs, #BlackRock, the review period is set for August 7.
Meanwhile, QCP Capital believes that if the spot ETH ETF is approved, we can expect #ethereum to reach $5000 this year.
#CryptoNews #Opinion
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Certain coins are experiencing up to 161% growth due to speculative news
Meanwhile, forecasts for the price of #ETH, in the event of an ETF launch, predict it reaching $14,000 by the end of next year
#CryptoNews
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A wide range of cryptocurrencies are accepted for donations, including #memecoins. Whether Donald Trump accepts the #TREMP token is still unclear.
Meanwhile, the #SEC's shift on #ETH is being linked to the Democratic Party's attempt to win over the crypto community from Trump
#CryptoNews
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In the past 24 hours, the #memecoin has risen by 22%, with its market capitalization approaching $6 billion.
Who's holding PEPE, and what prospects do you see?
#CryptoNews
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#Opinion
π· Analyst Eric Balchunas from #Bloomberg believes that the #SEC decision on the #Ethereum #ETF can be expected around 23:00 (GMT+3)
In January, the approval for the launch of a #BTC ETF was published around the same timeπ°
In Eric's comments, there's some irony about whether we should expect a hack of the SEC account this time as well. Recall that a day before the official publication about the #bitcoin ETF, a message about the approval appeared on the SEC's page, causing a spike in the digital gold price. The SEC later stated that the account had been hacked.
So, #ETH to the moon?π
π₯ β yes
π β no
In January, the approval for the launch of a #BTC ETF was published around the same time
In Eric's comments, there's some irony about whether we should expect a hack of the SEC account this time as well. Recall that a day before the official publication about the #bitcoin ETF, a message about the approval appeared on the SEC's page, causing a spike in the digital gold price. The SEC later stated that the account had been hacked.
So, #ETH to the moon?
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However, a SOL ETF might face several difficulties since there are no futures ETFs for SOL yet, and the #SEC has recognized #Solana as a security.
Meanwhile, #ETH has managed to break through $3,900
#CryptoNews
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#Opinion
π· The approval of spot #ETF on #ETH was a political decision
According to ARK Invest CEO Cathie Wood, the cryptocurrency issue became part of the Biden administration's agenda after Trump began using cryptocurrencies in his election campaign. Before this, none of the companies vying for ETF approval anticipated it, and the SEC was not engaging in dialogue with any of themπ€
Meanwhile, experts expect an #Ethereum-ETF by the end of June.
According to ARK Invest CEO Cathie Wood, the cryptocurrency issue became part of the Biden administration's agenda after Trump began using cryptocurrencies in his election campaign. Before this, none of the companies vying for ETF approval anticipated it, and the SEC was not engaging in dialogue with any of them
Meanwhile, experts expect an #Ethereum-ETF by the end of June.
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We are pleased to announce that KickEX has received a brokerage license from the state of El Salvador, thus significantly expanding the range of features on our platform. As an official #Bitcoin service provider, we can offer you even more valuable services.
Hereβs what the license enables:
This important achievement opens up great prospects for growth and innovation. Additionally, our team plans to obtain licenses for working with #Ethereum (#ETH), #Tether (#USDT), and other assets. Read more about this on our official blog and stay tuned for further updates!
Sincerely,
The KickEX Team
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Gary Gensler made this statement during a Congressional hearing, additionally noting that Ethereum ETFs will receive approval "sometime, but definitely before the end of the summer."
Amid the anticipated approval, whales are accumulating #Ethereum. For instance, analysts from CryptoQuant recorded a daily purchase of 298 000 ETH, which became the second largest in history
#CryptoNews
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The regulator no longer claims that #Ethereum is a security π₯³
Meanwhile, issuers of spot Ethereum #ETFs are correcting their application forms for resubmission. The updated applications may be submitted by the end of this week, and the listing of new instruments could happen in early July.
#CryptoNews
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