Ether is due to be the next crypto to pass its current record peak, a popular crypto market analyst believes.
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Ethereum Futures Open Interest Hits All-Time High Following ETF Approvals
Ethereum has experienced a significant increase since the U.S. Securities and Exchange Commission (SEC) approved a group of spot ether exchange-traded funds (ETFs). This week,
Read moreGrayscale’s Ethereum ETF could bleed $110M daily in first month: Kaiko
If Grayscale’s slated spot Ether ETF follows the same path as its Bitcoin one, there could be some short-term pressure on the price of ETH.
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Microstrategy’s Michael Saylor States Spot Ether ETF Approval ‘May Be Better for Bitcoin’
Michael Saylor, Executive Chairman of Microstrategy, stated that the approval of several spot ether ETF proposals by the U.S. SEC might be good for Bitcoin.
Read moreEthereum price in ‘bull market’ after spot ETH ETF approvals greenlight rally toward $4K
With the spot ETH ETFs approved, traders are confident that Ethereum price is ready to rally well above $4,000.
Read moreBitcoin might get boring — But Ether may propel LINK, UNI, ARB prices higher
After the initial subdued reaction to the spot Ether ETF approval, Ether may move up, pulling LINK, UNI, and ARB higher, while Bitcoin may consolidate.
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