ETHETFS

According to PANews, Grayscale, a cryptocurrency asset management company, has submitted a notice to the U.S. Securities and Exchange Commission (SEC) on May 7th to withdraw its Ethereum (ETH) futures ETF application. The SEC was originally scheduled to make a final decision on Grayscale's Ethereum futures ETF on May 30th. Grayscale initially submitted the 19b-4 application for the Ethereum futures ETF on September 19, 2023. If approved, the ETF would have been listed on the New York Stock Exchange.

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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Ethereum price could reach $11,340 if Bitcoin rallies past $378K, pushing Satoshi’s net worth above Elon Musk.


Ethereum (ETH) Stagnates at $,2500 as Bitcoin Tops $109K
Ethereum (ETH) traded at $2,511.11 on May 21, 2025, recording a modest 0.4% daily gain and 3.4% weekly growth. Despite Bitcoin reaching a new all-time high above $110,000, Ethereum lagged behind in momentum relative to prior bull cycles.
ETH’s current price represents a 59.3% rise over the past 30 days, driven largely by macro tailwinds including rising Bitcoin ETF inflows and increased institutional interest in Layer-1 blockchains.

ETH price traded in a 24-hour range between $2,473.89 and $2,600.00, underperforming Bitcoin’s 7.5% gain over the same period.
Ethereum’s market capitalization remains firmly second at $307 billion, while its BTC pair sits at 0.02312, up 1.7% on the day, signaling a slight recovery in ETH/BTC momentum.
Notably, trading activity in the Ethereum futures market has risen, with derivative positioning pointing to potential volatility if Bitcoin’s price continues surging past $110,000. ETH has yet to reclaim key psychological resistance at $2,800, a level that coincides with pre-ETF approval highs from early 2024.
Satoshi Nakamoto’s Bitcoin Holdings vs Elon Musk’s Net Worth
As of May 21, 2025, Bitcoin’s new peak has pushed the estimated value of Satoshi Nakamoto’s BTC holdings near parity with some of the world’s wealthiest individuals. According to blockchain analytics platform Arkham, Satoshi controls approximately 1.1 million BTC, untouched since mining in the early days of the network.
Bitcoin (BTC) price has reached an all-time high of $109,570 on Wednesday, bringing renewed attention to the holdings of Bitcoin creator, Satoshi Nakamoto.

According to Arkham Intelligence, Satoshi is estimated to hold approximately 1.1 million BTC. At current prices, this equates to a net worth of about $119.7 billion. This positions Satoshi among the wealthiest individuals globally, surpassing prominent figures like Bill Gates.
Elon Musk, CEO of Tesla and SpaceX, has reclaimed the title of the world’s richest person, with a net worth estimated at $416 billion as of May 2025. His wealth has been boost by the performance of his companies, including the AI firm xAI and social media platform X. 
For Satoshi Nakamoto’s net worth to surpass Elon Musk’s, Bitcoin would need to reach a price where 1.1 million BTC equals more than $416 billion.
This implies a Bitcoin price of approximately $400,000. Given the current ETH/BTC ratio of 0.02312, Ethereum price would correspondingly need to exceed $7,500 to maintain its relative position against BTC. 
Several factors could drive such a surge in cryptocurrency prices. Texas has proposed a strategic reserve policy that includes Bitcoin, signaling institutional adoption.
Additionally, Bitcoin ETFs have seen inflows exceeding $6 billion over the past 30 days, indicating strong investor interest. These developments suggest a favorable environment for the ongoing BTC rally to advance further into price discovery phase. 
When Will Satoshi Overtake Elon Musk — and What It Means for Ethereum
Based on current wallet data, Satoshi Nakamoto needs Bitcoin to surpass $378,000 to exceed Elon Musk’s net worth of $416 billion. This milestone could serve as a psychological marker for retail and institutional sentiment. Such a headline may accelerate flows into digital assets, especially Ethereum, which benefits as the next-best large-cap alternative to Bitcoin.
Using the current ETH/BTC ratio of 0.02312, Ethereum price at $378,000 BTC would translate to roughly $8,742.

If ETH/BTC regains its historical average of 0.03, last seen during the 2021 and 2022 bull phases, ETH would target $11,340, nearly 350% above current levels.
Two macro catalysts further support this scenario. First, Texas’ has approved a bill for state-run crypto strategic reserve, adding government-led demand for Bitcoin, Ethereum and other top-ranked cryptocurrencies.
Second, over $6 billion in net inflows into U.S. Bitcoin ETFs over the past 30 days has signaled accelerating institutional conviction, which could spill over into Ethereum once a price base is established.
In this scenario, Ethereum becomes a relative value play for investors who believe Bitcoin has already priced in most ETF-driven gains.
With more altcoin ETF approvals anticipated on June 16, this could further intensify Ethereum’s own ETF demand, potentially driving the pioneer smart contract platform to new peaks.

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