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Intelligence Firm Spots Red Flags in ETH $2k Surge Amid ETF Frenzy 


от CoinEdition

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Intelligence Firm Spots Red Flags in ETH $2k Surge Amid ETF Frenzy
  • Ethereum price hits $2,132 amid ETF frenzy, but Santiment warns of potential risks.
  • Ethereum network utility metrics increase while whale transactions surge.
  • Santiment warns of potential shifts in market dynamics due to uncertainty around ETF approval.

Prominent market tracker Santiment has stressed the need for caution amid the excitement surrounding the potential launch of a new Ethereum exchange-traded fund (ETF). In a recent tweet, market intelligence platform Santiment noted that Ethereum has witnessed a significant surge in value, reaching as high as $2,132. 

Santiment attributed the ETH price increase to optimism following a new Ethereum ETF application. Per the Santiment’s data, the development has placed Ethereum as the second most discussed asset in the crypto market. 

Emphatically, the news of BlackRock’s official filing of a Spot Ethereum exchange-traded fund like the firm’s Bitcoin ETF application awaiting approval from the SEC has sparked a frenzy around Ethereum.

The post Intelligence Firm Spots Red Flags in ETH $2k Surge Amid ETF Frenzy  appeared first on Coin Edition.

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Intelligence Firm Spots Red Flags in ETH $2k Surge Amid ETF Frenzy 


от CoinEdition

Поделиться:

Intelligence Firm Spots Red Flags in ETH $2k Surge Amid ETF Frenzy
  • Ethereum price hits $2,132 amid ETF frenzy, but Santiment warns of potential risks.
  • Ethereum network utility metrics increase while whale transactions surge.
  • Santiment warns of potential shifts in market dynamics due to uncertainty around ETF approval.

Prominent market tracker Santiment has stressed the need for caution amid the excitement surrounding the potential launch of a new Ethereum exchange-traded fund (ETF). In a recent tweet, market intelligence platform Santiment noted that Ethereum has witnessed a significant surge in value, reaching as high as $2,132. 

Santiment attributed the ETH price increase to optimism following a new Ethereum ETF application. Per the Santiment’s data, the development has placed Ethereum as the second most discussed asset in the crypto market. 

Emphatically, the news of BlackRock’s official filing of a Spot Ethereum exchange-traded fund like the firm’s Bitcoin ETF application awaiting approval from the SEC has sparked a frenzy around Ethereum.

The post Intelligence Firm Spots Red Flags in ETH $2k Surge Amid ETF Frenzy  appeared first on Coin Edition.

Читать материал на CoinEdition

В этой новости

Монеты

$ 88.24K

+3.27%

$ 2.98K

+5.51%

$ 0.00...361

$ 0.000603

$ 0.00132


Поделиться:

В этой новости

Монеты

$ 88.24K

+3.27%

$ 2.98K

+5.51%

$ 0.00...361

$ 0.000603

$ 0.00132


Поделиться:

Читать больше

Ether ETFs Outflow Streak Hits 6th Day as Bitcoin Bleeds Again

Ether ETFs Outflow Streak Hits 6th Day as Bitcoin Bleeds Again

Bitcoin and ether ETFs both moved deeper into negative territory as investor caution ...
Ethereum Outshines Bitcoin Even As Price Remains Stuck Under $3,000

Ethereum Outshines Bitcoin Even As Price Remains Stuck Under $3,000

In Brief Ethereum fails to reclaim $3,000 despite strong network participation and a...