In recent weeks, the leading cryptocurrency has seen increased volatility, surging from approximately $61,000 on May 14 to surpass $71,000 by May 21. However, this upward momentum was interrupted by a corrective phase, causing the asset to dip below the $67,000 mark on May 24.
Read MoreEthereum's price is rising again, surpassing the $3,800 resistance level. Currently, ETH is consolidating around $3,850, with potential for a breakout above $4,000 soon.
Read MoreThe recent approval of Ethereum exchange-traded funds (ETFs) may lead to a shortage of available Ethereum on the market, potentially impacting the second-largest cryptocurrency by market capitalization.
Read MoreUniswap's price surged over 20% in the last 24 hours, reaching $10.99, its highest point since early April. The bullish trend suggests that increased buying pressure might drive UNI towards the March high of $15.40.
Read MoreLido (LDO), the liquid staking protocol for Ethereum (ETH) and Polygon (MATIC), experienced a significant price surge in the last 24 hours following the long-awaited approval of spot Ethereum ETF applications by the U.S. Securities and Exchange Commission (SEC) on Thursday.
Read MoreOn Thursday, the SEC made history by approving eight spot Ethereum ETFs from major institutions such as BlackRock, Franklin Templeton, Fidelity, and VanEck. Although these approvals mark a significant regulatory shift, trading can't begin until the S-1 registration statements are approved, which could take several weeks.
Read More