Ethereum surged 25% in a single day, and it continues to rise. This time it’s not a scam
ETH was still at 1800 yesterday, but it has soared to 2400 today, a 33% surge in two days. This surge has stunned the entire market. A few days ago, ChainThink was firmly bullish. At that time, I saw that BTC’s target was around 102,000. By comparison, ETH should be around 2100. It has far exceeded expectations. Should we lock in profits in time or let the money fly? Why did it suddenly surge this time? Today, I will give you the answer First of all, let me state the conclusion directly. This time ETH has really broken through, really broken through, really broken through. I say it three times! The upper resistance has moved up to 2500/2700/3000. Those who are shorting should put away their hands that can't be restrained! Those who have opened positions should continue to hold on.
Breaking News! Trump buys $3.5 million in ETH, driving the price up! $ETH ChainThink reports that on-chain analyst @ai_9684xtpa has monitored that in the past 25 minutes, Trump's WLFI associated address bought 1,587 WETH at an average price of $2,200, and purchased 9.7 BTC for $103,092, with a total value of $4.94 million. #ETH
XRP ETF is on fire, will XRP be the first altcoin spot ETF?
The hottest topic in the crypto circle recently is the wave of altcoin ETF applications! So far, more than 10 institutions have submitted applications for the XRP spot ETF, including asset management giants like Grayscale, Bitwise, WisdomTree, etc. Even Japan's SBI Group has teamed up with Franklin Templeton to plan a digital asset fund focused on XRP.
At the end of April, Coinbase launched XRP futures contracts, followed by CME announcing it would launch them in May; some may think this news is unimportant, but it's crucial to understand Currently, XRP is the third cryptocurrency to launch futures on CME and Coinbase, and the first two are likely BTC and ETH. XRP is the first altcoin futures contract listed on CME and Coinbase. Coinbase has launched several altcoin contracts, but those are perpetual contracts, and the main entity is Coinbase International Exchange, which is not regulated by the U.S.