ETHETFsApproved

According to Odaily, Sui Chung, the CEO of CF Benchmarks, has stated in an interview that all regulatory precedents indicate that ETH tokens should be classified as a 'commodity'. This statement comes amidst ongoing discussions about the nature and classification of various cryptocurrencies. Chung's assertion adds to the growing consensus among industry leaders about the status of ETH tokens. His comments are based on existing regulatory precedents, suggesting that the classification of ETH tokens as commodities is not a new concept, but rather a widely accepted view within the industry. However, it is important to note that the classification of cryptocurrencies can vary depending on the jurisdiction and the specific regulatory body involved. Therefore, while Chung's comments provide insight into one perspective, they do not necessarily represent a universally accepted viewpoint. This news highlights the ongoing debate about the nature of cryptocurrencies and their place within the global financial system. As the industry continues to evolve, the classification and regulation of cryptocurrencies like ETH will likely remain a topic of discussion.

As Bitcoin continues its rapid ascent, market analysts are beginning to speculate on the implications of such growth—not just for global wealth rankings, but for Ethereum and the broader altcoin market. Notably, if Bitcoin reaches a price of $378,000, it could propel Ethereum ($ETH ) to over $11,000, sparking renewed interest across the crypto landscape.

Ethereum Trails Bitcoin — But Signs of Strength Emerge

As of May 21, 2025, Ethereum is trading at $2,511, marking a modest 0.4% gain on the day and 3.4% over the past week. Despite Bitcoin reaching a new all-time high above $109,000 with a 7.5% daily gain, Ethereum's momentum remains comparatively restrained.

During the past 24 hours, ETH fluctuated between $2,473 and $2,600. However, positive movement in the ETH/BTC ratio, which rose 1.7%, and increasing futures market activity suggest a potential shift in sentiment toward Ethereum.

Could Satoshi Nakamoto Become the World’s Richest Individual?

Market observers are closely watching the implications of Bitcoin’s price trajectory. If BTC were to reach $378,000, the estimated 1.1 million BTC held by Satoshi Nakamoto would be valued at approximately $416 billion—comparable to the reported net worth of Elon Musk.

Such a development would not only crown Nakamoto as the wealthiest individual on paper, but also likely generate widespread media coverage and psychological momentum. This could encourage further retail and institutional participation in crypto markets, especially in leading altcoins such as Ethereum.

What Would This Mean for Ethereum?

Assuming Bitcoin reaches $378,000 and Ethereum maintains its current ETH/BTC ratio of 0.02312, ETH could rise to roughly $8,742. However, if Ethereum reclaims a historical ETH/BTC ratio of 0.03—last observed during the bullish cycles of 2021 and 2022—its price could climb to approximately $11,340. This would represent a nearly 350% increase from current levels.

Catalysts Behind the Bullish Outlook

Several macro-level developments are contributing to optimism surrounding Ethereum and the broader crypto market:

Institutional Adoption: Texas recently approved a state-backed crypto reserve, underscoring growing governmental and institutional confidence in digital assets such as Bitcoin and Ethereum.

ETF Inflows: Over the past 30 days, U.S.-based Bitcoin ETFs have recorded over $6 billion in net inflows, signaling sustained investor interest.

Key Date Ahead: June 16

The crypto industry is now looking toward June 16, when a decision is expected on potential approval for Ethereum-based and other altcoin ETFs. If approved, such ETFs could attract significant capital inflows, potentially catalyzing a major price rally for ETH.

Conclusion: Ethereum Poised for Its Moment

While Bitcoin continues to dominate headlines and potentially reshapes global wealth dynamics, Ethereum may ultimately emerge as a key beneficiary. Should the bullish projections materialize, ETH could offer significant upside for investors—especially those who believe much of Bitcoin’s ETF-driven growth is already reflected in current prices.

The SEC has acknowledged BlackRock's filing to amend its Ethereum ETF to allow in-kind redemptions, opening a window for public comments.
The USSEC has recognized BlackRock's Ethereum ETF filing for a one-of-a-kind creation and redemption process.
For now, the securities regulator has opened the floodgates for public comment on BlackRock’s amendments.


US SEC Accepts BlackRock's Ethereum ETF Amendment Filing
The US SEC has confirmed BlackRock’s filing to amend certain parts of its Ethereum ETF.
According to a public release, the SEC recognized BlackRock's filing to authorize in-kind creations and redemptions for its iShares Ethereum Trust.

On May 10, BlackRock filed the amendment just hours after meeting with the commission’s crypto task force.
The SEC has 240 days from the original filing date to approve or reject the amendment proposal for the Ethereum ETF.
According to the statement, the SEC is seeking comments on the proposed amendment before issuing a ruling on the matter.
According to the original filing, BlackRock's Ethereum ETF will allow authorized participants to exchange $ETH for ETF shares to create and redeem shares.
Right off the bat, the extraordinary creation and redemption process will allow participants to avoid capital gains tax hassles.
If amended, participants would not be required to sell ETH for cash during the creation and redemption process, avoiding the need for capital gains taxes.
Additionally, multiple redemptions will improve liquidity and lower transaction costs for participants.
BlackRock Files to Add Anchorage Digital as Custodian
A closer look at BlackRock’s filing reveals plans to add Anchorage Digital as an additional ether custodian.
Anchorage will join Coinbase in offering security services for digital ETFs if approved by the SEC.
There is also an additional filing amendment to change the trust’s name to iShares Ethereum Trust ETF. The filing comes as BlackRock's Ethereum ETF notched its single-largest daily inflow of $45 million.
Amid the surge in ETF inflows, Ethereum’s price is trading up about 2% at $2,509. Ethereum supply hits record low on exchanges, $3 boosts hopes for ETH rally
#ETHETFsApproved #ETH #CryptoNewss #MarketSentimentToday #Market_Update

Ethereum holds above $2,400 with a potential breakout at $2,700, aiming for a 50% rally toward the $4,000 mark. 
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As Bitcoin rises 1% to record a new all-time high, Ethereum outperforms with a 3% surge and is currently trading at $2,632. The leading altcoin is forming a rounding bottom pattern, hinting at a potential breakout and a 50% rally ahead.
Ethereum Price Analysis
On the daily chart, Ethereum has maintaineda sideways trend between $2,400 and $2,700 over the past week. However, the short-term consolidation remains above the 200-day EMA at $2,443, indicating underlying strength.

In the broader picture, Ethereum appears to be completing a rounding bottom pattern, with the neckline aligned with the 50% Fibonacci retracement level near $2,700. A breakout above this neckline could trigger a 50% rally.
This potential rally is calculated by adding the depth of the pattern to the breakout point. Based on Fibonacci analysis, the upside target aligns with the 100% Fibonacci level near $4,000.
Supporting this bullish scenario, the RSI has spiked into the overbought zone, reflecting growing bullish momentum. Additionally, the 50- and 100-day EMAs are approaching a bullish crossover, reinforcing the upward outlook.
On the downside, a breakdown below the 200-day EMA would invalidate the bullish setup and could push Ethereum down to the 50-day EMA near $2,154.
Rising Optimism Boosts Ethereum Derivatives
As Ethereum approaches a potential breakout, the derivatives market reflects rising bullish sentiment. Open interest has surged nearly 20%, reaching $32.44 billion, indicating growing trader participation.

This bullish sentiment is further confirmed by a positive funding rate of 0.0041% and $32 million in short liquidations over the past 12 hours, compared to just $10 million in long liquidations. According to CoinGlass data, this reflects a bullish narrative that could fuel a leverage-driven rally.
Analyst Targets $3,000 With Bullish Pattern Breakout
Crypto analyst Ali Martinez shares an optimistic post on the Ethereum price rally, targeting a potential surge towards $3,000. The analyst highlights a breakout of an inverted head-and-shoulders pattern in the hourly time frame. 

Martinez expects a move above the 1.78 Fibonacci level, with the $3,000 mark as a likely target. However, Ethereum must maintain support above the $2,585 neckline to confirm and sustain this bullish breakout.
DisClamier:
This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect @Lachakari_Crypto opinion. Readers are encouraged to do thorough research before making any investment decisions. @Lachakari_Crypto is not responsible for any financial losses.
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Bitcoin (BTC) reaching new heights and Ethereum (ETH) and Binance Coin (BNB) showing notable trends. Here's an overview of the current market status:
Bitcoin (BTC): BTC has surged past the $111,000 mark, setting a new all-time high. This rally is attributed to increased institutional investment, regulatory clarity, and the launch of spot ETFs. Analysts predict that Bitcoin could reach $150,000 in the near future, driven by continued institutional adoption and favorable market conditions.
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Ethereum (ETH): ETH is currently trading around $2,611. While it has seen modest gains, Ethereum is facing resistance at the $2,950 level. A breakout above this resistance could pave the way for a move toward its previous peak of $4,800.
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Binance Coin (BNB): BNB is trading at approximately $681, showing a 3.64% increase today. Despite the recent gains, some analysts predict a potential short-term correction, with prices possibly dropping to around $492 in the next five days.
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#BinanceAlphaAlert #BTC走势分析 #ETHETFsApproved #BNB_Market_Update #BTCBreaksATH110K