Global #eth

The cryptocurrency industry is eagerly awaiting May 23, when the US Securities and Exchange Commission (SEC) is scheduled to announce its decision on VanEck's spot ETH exchange-traded fund (ETF) application, followed by ARK 21Shares' decision on May 24.

Several prominent cryptocurrency analysts have recently expressed bullish sentiments regarding Ethereum ($ETH), the second-largest cryptocurrency by market capitalization.

According to Glassnode's recent newsletter "The Week On-Chain" dated May 7, Ethereum's Ether (ETH) has demonstrated comparatively weaker performance in this market cycle when compared to Bitcoin (BTC), which is currently priced at $62,988.

Mr. Huber, a well-known figure in the crypto community, believes that ConsenSys' recent court filing requests are excessive.

The price of ether increased above $3,300. ETH has began a precipitous fall below $3,300 after testing the $3,350 resistance.

Over the past few weeks, prominent cryptocurrency investors, also referred to as "whales," have been adding over $500 million worth of Ethereum ($ETH), the second-largest cryptocurrency by market capitalization, to their holdings.

In the past seven days, not only has the price of NEAR Protocol [NEAR] easily outperformed Ethereum [ETH], but it has also outperformed the blockchain in numerous other areas.

In the middle of the bipartisan Lummis-Gillibrand Payment Stablecoin Act that was just introduced, well-known Ethereum [ETH] community member Ryan Berckmans provided an interesting viewpoint.

After making two attempts to leverage their long position on Ethereum ($ETH), the second-largest cryptocurrency by market capitalization, a huge cryptocurrency whale lost over $4.5 million. This was because they had to settle their debt on a decentralized protocol as the price fell.

In the past seven days, Pepe (PEPE) holders have seen a 24% decrease in their bags as meme coins have suffered some of the worst losses during a market-wide decline.

According to data from CryptoQuant, Ethereum's [ETH] Taker Buy Sell Ratio is about to cross over its center line, indicating a spike in positive sentiment notwithstanding recent market difficulties.

Bitcoin (BTC) is currently trading marginally above $64,000, having challenged it throughout the most of the morning's trading in Asia.