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ETH breaks below 50-100-day exponential moving average support...$3,000 retracement likely

As BeInCrypto reports, "Based on the daily chart of Binance ETH/USDT, ETH has broken below the 50- and 100-day exponential moving average (EMA) support. The next major support could be at $3,031, but a break below $3,000 is possible if exchange holdings, profit status volume, etc. do not decrease." However, BeInCrypto added, "A clear bounce in ETH near the $3,031 support level could put the brakes on the downtrend. In that case, ETH could retake the $3,336 support and invalidate the bearish reversal scenario." On CoinMarketCap, ETH is currently trading down 6.10% to $3,279.99.

ETH spot ETF hits $9.37 billion in trading volume on second day of trading, off to a strong start, but falls short of BTC

Ethereum spot ETFs have recorded $9.37 billion in trading volume on their second day of trading. Of these, Grayscale's ETHE topped the list with $4.86 billion, accounting for about 52% of the total volume. BlackRock's ETHA followed with $255 million and Fidelity's

blockchain crypto cryptocurrency Ethereum ETF launches favorable price Shelly Young (SpotedCrypto)

Ethereum ETF launches favorable price Shelly Young comments and Grayscale's Ethereum liquidity outflow

Hany Rashwan, CEO of crypto ETP issuer 21Shares, told Bloomberg that the launch of an Ethereum spot ETF has already been partially priced in. "Global macroeconomic and summer seasonal features have also impacted the price of ETH," he said. "While Bitcoin is a digital gold hedge, Ethereum

blockchain crypto cryptocurrency ethereum Spot ETF Debuts Successfully (Spoted Crypto)

ETH Spot ETF Debuts Successfully...Sustained Success Unclear

Bloomberg reported on April 24 that "Nine U.S. ETH spot ETFs surpassed $1 billion in trading volume on their first day of trading in what could be considered a blockbuster debut. However, it's unclear if the box office record can be sustained." "The rationale

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