Ethereum's (ETH) price failed to record any gain on Friday, as it's down by about 1.4%.
Ethereum will host traditional market participants' tokenization efforts as they look to avoid liquidity fragmentation. SEC Chair Gensler maintains uncertain position when asked if ETH is a commodity. Ethereum may sustain range-bound movement in the short term. Ethereum 's price failed to record any gain on Friday, as it's down by about 1.4%.
ETH technical analysis: Ethereum may sustain range-bound move Ethereum is trading around $3,417 on Friday as it has yet to recover from losses experienced in the last 24 hours. As stated in a previous analysis, in the short term, ETH may not see any substantial price action, but traders expect higher volatility in the coming months. However, QCP analysts noted that higher Ether volatility premiums over Bitcoin will eventually decline as the market prices in spot ETH ETF S-1 approval.
SEO Cryptocurrencies Technical Analysis
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum bounces back from dip, Gensler refuses to comment on SEC's decision on ETH ETFsEthereum (ETH) bounced back after a brief dip on Thursday as US lawmakers penned a letter to Securities & Exchange Commission (SEC) Chair Gary Gensler, urging him to approve spot ETH ETFs.
Read more »
Ethereum Co-Creator Hits Major US Exchange With 10,000 ETH TransferEthereum price 23% pump triggers 10,000 ETH dump by one of Ethereum cofounders, Jeffrey Wilcke
Read more »
Gensler Criticizes Crypto Exchanges for Questionable Practices, Says Spot ETH ETFs Will ‘Take Some Time’Crypto Blog
Read more »
Gensler Says 'Stay Tuned' on U.S. SEC's Decision on ETH ETFJesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
Read more »
Here's When Ethereum ETFs Will Launch, According to GenslerThe general consensus appears to be that Ethereum ETFs are expected to go live in the US this summer
Read more »
Ethereum ETF launch date depends on issuers, not SEC: GenslerThe launch of spot Ether ETFs depends on how quickly issuers respond to the SEC’s comments, says Gary Gensler.
Read more »