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Cryptocurrency News Articles
ETHUSD Showed a Minor Sell-off After the ETH ETF Approval
Jul 24, 2024 at 09:54 am
SEC has given final approval for ETH ETF trading. The exchange NYSE Arca confirmed that Grayscale Ethereum and Bitwise ETH will commence trading on Tuesday.
ETHUSD showed a minor sell-off after the ETH ETF approval. It hit a high of $3563 yesterday and is currently trading at around $3479.
SEC has given final approval for ETH ETF trading. The exchange NYSE Arca confirmed that Grayscale Ethereum and Bitwise ETH will commence trading on Tuesday. The CBOE informed that Fidelity Ethereum Fund, Franklin Ethereum ETF, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and 21Shares Core Ethereum ETF will start trading on Tuesday.
The intraday bullishness is possible if it holds above $3630 (61.8 fib retracement of $4085 and $2814). On the higher side, the near-term resistance is $3575. Any significant jump above the target is $3630/$3700/ $4000/$4500/$5000. Significant bullish continuation only above $4800.
The immediate support is around $3400. Any breach below $3400 confirms bearish continuation. A dip to $3200/$3000/$2800 is possible. A violation below $2800 will drag the Ethereum to $2500/$2300/$2000.
It is good to buy on dips around $3400 with SL around $3200 for TP of $4500.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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- Sep 23, 2026 at 04:05 am
- Near.com and Ondo Finance are shaking up the investment world, granting eligible users seamless access to tokenized stocks, ETFs, and commodities within a single account, streamlining the integration of traditional and digital assets.
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- NEAR Protocol Solutions Tackle Lost Keys and Enhance Usability with Readable Accounts
- Sep 23, 2026 at 04:05 am
- NEAR Protocol's new features, including readable account names and robust key recovery, are set to revolutionize blockchain user experience and security, addressing the persistent lost key problem.
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- Zcash Takes Center Stage: European ETP Launch Follows US ETF Approval, Igniting 'Bitcoin Alternative' Debate
- Sep 23, 2026 at 04:05 am
- Zcash gains institutional traction with new European ETPs from 21Shares and a prior US ETF approval, sparking renewed discussions on its potential as a Bitcoin alternative despite higher fees and regulatory scrutiny of privacy coins.
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- Aave Borrowing Limit, Bitcoin-Backed Loans: Strike's 'Volatility-Proof' Solution Amidst Tightening Aave Proposals
- Sep 23, 2026 at 04:05 am
- Strike introduces a 'volatility-proof' Bitcoin-backed loan product, offering protection from market-driven liquidations, as Aave considers tightening borrowing limits for BTC-backed positions, potentially increasing liquidation risks.
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- Strive's Soaring Bitcoin Treasury: A New York State of Mind for Corporate Crypto
- Sep 22, 2026 at 08:05 am
- Strive continues its robust accumulation of Bitcoin, showcasing a clear strategy for corporate treasury management in the digital age. This move highlights a growing trend among companies embracing crypto as a core asset.
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- Apple and Google Tap Stablecoin Experts, Signaling a Major Shift in Crypto Payments Strategy
- Sep 22, 2026 at 04:05 am
- Tech giants Apple and Google are actively hiring stablecoin and blockchain specialists, signaling a significant evolution in their approach to crypto payments and financial infrastructure.
