• Latest
  • Trending
Ethereum Eyes $4,000 Comeback Fueled By Bullish Buying Spree

Ethereum Eyes $4,000 Comeback Fueled By Bullish Buying Spree

May 24, 2024
Will Bitcoin Have A ‘Red Monday, Green Week’?

Bitcoin To See ‘Choppy’ Few Weeks, Retest Of Range Lows Next?

June 14, 2025
XRP, Solana Treasury Hype by Micro-Caps Likely Scam

XRP, Solana Treasury Hype by Micro-Caps Likely Scam

June 14, 2025
Spot Ether ETFs End 19-Day Inflow Streak with First Outflow

Spot Ether ETFs End 19-Day Inflow Streak with First Outflow

June 14, 2025
$462.95 Million Ethereum Buy Sparks Crypto Market Interest

$462.95 Million Ethereum Buy Sparks Crypto Market Interest

June 14, 2025
BTC slips to $109k after trump threatens 50% tariffs on eu

Best crypto presales to buy as GameStop may be planning another massive BTC purchase

June 14, 2025
CoinDesk Weekly Recap: Milestones Galore for Stablecoins

CoinDesk Weekly Recap: Milestones Galore for Stablecoins

June 13, 2025
Bitcoin Following ABCD Pattern? Analyst Sees Path To $137,000

Bitcoin Following ABCD Pattern? Analyst Sees Path To $137,000

June 13, 2025
Q4 EPS Soars Over 20x, But Revenue Growth Slows

Q4 EPS Soars Over 20x, But Revenue Growth Slows

June 13, 2025
7 Solana ETF Issuers File S-1, Analyst Doubts Next Week Approval

7 Solana ETF Issuers File S-1, Analyst Doubts Next Week Approval

June 13, 2025
  • Privacy Policy
Saturday, June 14, 2025
MtRushmoreCrypto - Where Crypto Rocks
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Logo
No Result
View All Result
Home Crypto

Ethereum Eyes $4,000 Comeback Fueled By Bullish Buying Spree

J_News by J_News
May 24, 2024
in Crypto, Top News
0
Ethereum Eyes $4,000 Comeback Fueled By Bullish Buying Spree
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Ethereum (ETH), the world’s second-largest cryptocurrency, has been on a tear lately. After months of hovering, the coin has seen a surge in price, and analysts are now pointing to signs within the derivatives market suggesting this rally might have legs.

Related articles

Will Bitcoin Have A ‘Red Monday, Green Week’?

Bitcoin To See ‘Choppy’ Few Weeks, Retest Of Range Lows Next?

June 14, 2025
XRP, Solana Treasury Hype by Micro-Caps Likely Scam

XRP, Solana Treasury Hype by Micro-Caps Likely Scam

June 14, 2025

Related Reading

Taker Buy Sell Ratio Nears Equilibrium

One key indicator is the Taker Buy Sell Ratio, a metric that tracks the volume of buy orders compared to sell orders in ETH’s perpetual futures market. Traditionally, a ratio below 1 suggests more sell orders are flooding the market, potentially driving the price down. Conversely, a ratio above 1 indicates a dominance of buy orders, often a bullish signal.

Ethereum is now trading at $3,693. Chart: TradingView

SEC Okays Spot Ethereum ETFs, Market Expectations Reversed

The news that the US SEC has approved spot Ethereum ETFs has caused a sharp reversal in the market’s expectations for Ethereum ETF rejection this week, and as a result, the price of Ethereum (ETH) is moving erratically in late Thursday activity.

As of right now, Ethereum was trading for about $3,770. That is both considerably higher than the previous session low of $3,500 and sharply lower than the previous session highs of over $4,000.

BOOM!! APPROVED! There it is. The SEC just approved spot #Ethereum ETFs. What a turn of events. It’s really happening.

h/t @PhoenixTrades_ pic.twitter.com/KQ39mDyCbT

— James Seyffart (@JSeyff) May 23, 2024

CryptoQuant, a leading crypto analytics platform, recently reported that ETH’s Taker Buy Sell Ratio, observed using a 7-day simple moving average, is poised to cross above its 1-center line. This signifies a decline in sell orders and a potential rise in buying pressure. This suggests that the coin may soon retake the $4,000 price level.

Related Reading

This upward trend in the Taker Buy Sell Ratio indicates a potential shift in market dynamics, noted ShayanBTC, a pseudonymous analyst at CryptoQuant. If the ratio continues to rise, it may signal a reduction in aggressive selling pressure, which could be a positive development for ETH’s price, ShayanBTC added.

Source: CryptoQuant

Futures Open Interest Reaches New Highs

Another data point bolstering the bullish case comes from the Futures Open Interest metric. This metric tracks the total amount of outstanding futures contracts that haven’t been closed or settled. A rising Open Interest suggests more traders are entering new positions, potentially anticipating a price increase.

Related Reading

According to Coinglass, another crypto analytics platform, ETH’s Futures Open Interest has skyrocketed to a new all-time high of $16 billion. This signifies a surge in market participation, with more traders betting on ETH’s future.

The all-time high OI suggests a significant increase in investor confidence. This could be due to several factors, including growing institutional adoption of ETH and the upcoming Ethereum 2.0 upgrade.

Featured image from Explorersweb, chart from TradingView





Source link

ShareTweetShareShare

Related Posts

Will Bitcoin Have A ‘Red Monday, Green Week’?

Bitcoin To See ‘Choppy’ Few Weeks, Retest Of Range Lows Next?

by J_News
June 14, 2025
0

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed...

XRP, Solana Treasury Hype by Micro-Caps Likely Scam

XRP, Solana Treasury Hype by Micro-Caps Likely Scam

by J_News
June 14, 2025
0

TLDR VanEck warns micro-cap firms may fake XRP and Solana treasury news to boost stock prices Trident Digital sparks doubt...

Spot Ether ETFs End 19-Day Inflow Streak with First Outflow

Spot Ether ETFs End 19-Day Inflow Streak with First Outflow

by J_News
June 14, 2025
0

US-based spot Ether exchange-traded funds (ETFs) have posted the first net outflow day after a record 19-day streak of consecutive...

$462.95 Million Ethereum Buy Sparks Crypto Market Interest

$462.95 Million Ethereum Buy Sparks Crypto Market Interest

by J_News
June 14, 2025
0

The persisting crypto market bloodbath has lured many crypto holders into serious states of panic. Renowned sports betting firm SharpLink...

BTC slips to $109k after trump threatens 50% tariffs on eu

Best crypto presales to buy as GameStop may be planning another massive BTC purchase

by J_News
June 14, 2025
0

Top-tier cryptos are becoming less appealing to investors looking for outsized returns. This shift is fueling renewed interest in early-stage...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

Top 10 NFTs to Watch in 2025 for High-Return Investments

Top 10 NFT Games with the Biggest Earning Potential in 2025

8 Top Crypto Fundraising Ideas Best for Startups

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog