David Grider, a partner at venture capital firm Finality Capital, said he thinks the Ether treasury company boom should bode well for the long-term price and inflows of the token.
ETH price corrected at the weekly open, but futures data pinpoints the possibility of a breakout to $5,000.
ETH treasury buying and consistent spot ETF inflows have not been sufficient enough to send Ether price above $4,000. Is a correction incoming?
Data shows Bitcoin is preparing for a sharp breakout from its range-bound action in the next few days.
Ether is showing renewed strength as rising demand, high network activity, and bullish technicals align to support ETH’s push above $4,000.
Eigen Labs CEO Sreeram Kannan told Cointelegraph that Eigenlayer’s upgrade allows decentralized services to have both Ethereum-grade security and scalability.
Although Bitcoin ETPs saw losses against altcoin funds last week, the trend probably implied the anticipation of ETFs rather than a broad altcoin season, CoinShares’ head of research said.
SharpLink’s purchase of 77,210 ETH comes days after the online technology company appointed BlackRock veteran Joseph Chalom as its new co-CEO.
Analysts call XRP’s dip on Thursday a healthy correction, while Galaxy Digital’s CEO says Ether could outperform Bitcoin within the next six months, and other news.
Ether’s bullish outlook strengthens as Bitcoin dominance falls below 60%, its lowest since February.