Ethereum’s Price Vs. Bitcoin: Can Upcoming ETH Futures-Based ETFs Turn The Ta...
The Ethereum price is hovering around yearly lows compared to the dominant cryptocurrency, Bitcoin. This decline, notable since September 2022, has brought ETH to trade as low as $1,594 at the time of writing. However, amid the concerns about Ethereum’s notable plunge, there are hints of a potential trend reversal, according to the latest report from crypto research firm K33 Research. Related Reading: Ethereum Price Stages Recovery But Can It Overcome This Key Hurdle? Ethereum Price Declines, Underlying Reasons K33 Research, a renowned figure in the crypto analytical space, has been....
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Crypto enthusiasts and the government have long contended over the Bitcoin ETF. Let’s examine Bitcoin spot vs futures ETFs. How many Bitcoin ETFs are there?There are various companies offering Bitcoin ETFs, and each is available on their own respective exchanges.While the only Bitcoin ETFs in existence are Bitcoin futures ETFs, there are quite a few out there in which one can choose to invest. This article previously mentioned the ProShares BITO Bitcoin futures ETF, which currently holds around $1 billion in investments. BITO is listed on the Chicago Mercantile Exchange (CME). Another....
Apart from Spot Bitcoin ETFs, Ethereum Futures ETFs have been the talk of the crypto industry for months as investors look toward a catalyst for the next bull run. However, data has shown the highly anticipated ETFs have had underwhelming results in trading volume. Although the crypto market has witnessed some gains in the past few days, this hasn’t flowed into Ethereum Futures ETFs as investors seem hesitant to adopt these new Ethereum investment vehicles. How Have Ethereum Futures ETFs Fared So Far? Ethereum futures ETFs provide indirect exposure to the price of ETH through....
Ethereum’s price is fortifying at a key level. That is the first signal of a turn to growth. Will the upward trend continue? What needs to happen for a turn to growth? A fortification at key bear level indicates the lack of demand. The bulls are holding the advantage. If this continues and Ethereum’s price starts forming a turn to growth, there will be a high probability of larger scale correction towards the next target of $11.1 - $11.2. If, however, the bulls win the advantage, the $10.2 mark will become a key resistance line. A fortification and formation of a turn at it will most....
Ethereum’s price is now really close to the top resistance line. A fortification and a turn at that level can provoke a short-term upward trend. Will a medium-term upward trend begin now? Not only a short-term, but also a medium-term trend can begin at the level of $10. When two different levels of trends align, it usually signals a powerful upcoming movement. But before that movement happens, Ethereum’s price has to fortify at that level and form a turn. Otherwise, there will be a rebound towards the bottom limit of the flat - $8.5. The structure of Ethereum’s price at the level of $10....
Ethereum’s price continues forming a sideway movement. The longer the flat, the more powerful will the following trend be. When should we expect the flat to end? Ethereum’s price has bounced off the bottom limit of the flat. There was no fortification, so the direction is still ambiguous. Until a fortification at either limit of the flat happens, Ethereum’s price will most likely keep bouncing off them. In turn, a fortification will display which side has the advantage and a trend will begin. For a turn to growth, Ethereum’s price has to fortify and form a turnaround at the top limit of....