Global #Ethereum

The cryptocurrency market is experiencing a notable upswing, with almost all top cryptocurrencies showing positive growth in the last 24 hours. Bitcoin and Ethereum have increased by 3.3% and 2.0%, respectively, while BNB, Solana, XRP, and Dogecoin have seen gains of 2.3%, 5.4%, 0.6%, and a striking 9.4%.

XRP has recently encountered challenges in its attempt to break through the $0.600 resistance zone, leading to a decline in price. As of now, XRP is testing the critical support level at $0.5840, indicating a phase of consolidation.

Ethereum's daily burn rate has surged by a substantial 163% in the past week. This significant increase in the amount of ETH being destroyed has caught the attention of market analysts and investors alike.

The Ethereum ecosystem is witnessing a notable shift as long-term holders, particularly whales, begin to offload their assets. This trend coincides with the Ethereum Foundation's ongoing selling spree, raising questions about market dynamics and future price movements.

In a notable shift within the cryptocurrency market, Bitcoin (BTC) is on the verge of forming a "golden cross," a bullish technical indicator that occurs when the 50-day moving average crosses above the 200-day moving average.

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on proposed rule changes that would permit options trading for spot Ethereum exchange-traded funds (ETFs).