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Cryptocurrency News Articles

Ethereum (ETH) Price Probed Above the $2,400 Level on Friday, Posting Another 6% Gains

May 10, 2025 at 09:11 am

Ethereum (ETH) price advanced as high as $2,448 during Friday's trading session, its strongest showing since January 2025.

The Brazil-based B3 exchange is preparing to launch futures contracts for Solana (SOL) and Ethereum (ETH) by June 16, according to a recent report by Benzinga.

This development comes as both cryptocurrencies have witnessed significant price surges in recent times.

Latin America’s largest stock exchange, B3 will introduce the new futures contracts in the coming days. The Solana futures will be available in two types: Mini and Standard, with each Mini contract covering 100 SOL and each Standard contract covering 50 SOL.

Meanwhile, the B3 Ethereum futures contract will be similar to those offered by the CME, with one contract equal to 50 ETH and valued at approximately $150,000 at current prices.

This initiative aims to expand the offerings in crypto derivatives within the Latin American market. It is part of a broader effort to integrate digital assets into traditional finance ecosystems.

Earlier this year, B3 also announced plans to list Bitcoin (BTC) and other cryptocurrencies for trading on its main bourse.

As of Friday’s morning session, Solana is showing a slight decrease of 0.46% over the past 24 hours, trading at $24.25, according to CoinGecko.

On the other hand, Ethereum is experiencing a surge, notching up a 6.7% increase over the last 24 hours and reaching a new high of $2,448, its strongest showing since January.

The cryptocurrency is now on track to test the $2,500 resistance.

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Other articles published on May 10, 2025