#Ethererum #coin

Here’s the latest news on Ethereum (ETH) as of today, July 10, 2024:

1. Ethereum Price Movement (Live Update)

ETH Price $3,050 (down ~2% in 24h)

Market Cap:$366B

Key Levels:

Support: $2,950 - $3,000

Resistance: $3,150 - $3,200

2. SEC Closes Investigation Into Ethereum (No

Securities Charges)

The U.S. SEC has dropped its investigation into Ethereum, confirming it will not pursue charges that ETH is a security.

This is a major win for Ethereum and could reduce regulatory uncertainty.

Impact: Bullish sentiment, but ETH price reaction muted due to broader market weakness.

3. Ethereum ETF Launch Updates

Spot Ethereum ETFs are still awaiting final SEC approval (S-1 forms).

- Latest reports suggest launch by mid-to-late July 2024.

Bloomberg analysts (e.g., Eric Balchunas) estimate a July 15-18 launch window.

4. Ethereum Network Activity & Upgrades

Pectra Upgrade (Early 2025): Next major upgrade after Dencun, focusing on wallet improvements (EIP-3074) and EVM efficiency.

Layer-2 Growth: Arbitrum, Optimism, and Base continue dominating Ethereum scaling.

5. Whale & Institutional Moves

A whale just moved 32,000 ETH (~$97M) to Kraken, possibly signaling a sell-off.

Grayscale’s ETHE discount narrows to 8% as ETF approval nears.

6. Market Sentiment & Predictions

Q3 Catalyst: Ethereum ETF inflows could drive a rally if Bitcoin stabilizes.

Bearish Risks:Macro uncertainty (Fed rates, US election) and potential ETF delays.

What’s Next for Ethereum?

ETF Launch (July?)→ Potential price surge.

Pectra Upgrade News→ Long-term bullish.

Macro Risks→ Fed decisions & crypto regulation.