The latest rebound pulled the Ethereum price above the demand zone above $2,600. Meanwhile, the fresh sell-off is expected to drag the levels back within the range in a short while. In the items when Bitcoin is struggling to rise above $97,000, Solana above $200, Litecoin above $125 and Cardano above $0.

The amount of $3.3 billion, or 1.2 million in ETH, was taken out of the Beacon Chain, which affected the stability of the network and has certain implications for Ethereum. The removal of staked ETH from the network directly increases the available supply on the network.

Ethereum (ETH) surged 5.21% on Wednesday, ending the four-day consolidation. As a result of this move, ETH has formed a key support level that could provide the last buying opportunity before a new ATH.

The second-largest cryptocurrency by market capitalization, ETH, is currently seeing a massive jump in its price after being dropped to $2132 due to economic uncertainty. As of now, ETH price has recorded a gain of 5.5% and trading around $2728. This surge has stirred excitement among crypto users questioning the reason behind the surge.

The Cboe BZX Exchange is seeking SEC approval to introduce staking for the 21Shares Core Ethereum exchange-traded fund.

Ethereum prices got a small boost following filings for staked ETH exchange-traded funds in the United States.

Ethereum price action amid the broader crypto market bearish sentiment over recent weeks hasn't been any different from the performance recorded in the past months. Over this period, Ethereum's price has struggled to gain significant upward momentum, remaining in a prolonged consolidation phase.

The Cboe BZX Exchange proposed a rule change to let the 21Shares Core Ethereum ETF stake, marking a breakthrough as US ETH ETFs have so far avoided staking. The post Cboe Submits Proposal to Add Staking Capabilities to 21Shares ETH ETF appeared first on Cryptonews.

The cryptocurrency market displayed strong bullish momentum on Thursday, shrugging off hotter-than-expected US inflation data for January. Bitcoin (BTC) regained ground above $96,000, while Ethereum (ETH), XRP, and Solana (SOL) traded firmly in the green.

Ethereum (ETH), one of the largest cryptocurrencies by market capitalization, has been facing a more tempered outlook for 2025. Predictions for its price range from highly optimistic forecasts from influencers to more conservative estimates from institutional funds.

The crypto prices on Thursday echoed considerable optimism among traders and investors globally, embarking on rising trajectories. Bitcoin (BTC) price pumped to regain a hold above $97K, whereas Ethereum (ETH), XRP, and Solana (SOL) also traded dominantly in the green territory intraday.

Ethereum has been struggling to regain momentum, trading below the critical $2,800 mark since last Thursday. Bulls are in trouble as the price remains trapped under key supply levels, leaving investors concerned about Ethereum's short-term future.

Analysts say the price surge indicates that investor confidence has strengthened as they digest macroeconomic factors.

The Cboe BZX Exchange has recently submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) to allow staking for the 21Shares Core Ethereum ETF. This request, filed through a Form 19b-4, aims to enable staking for the Ethereum held by the ETF trust.

Ether's price briefly spiked 3.5% on the news that asset manager 21Shares plans to add staking to its spot Ether ETF.

The price of Ethereum has completely pared off its losses in the past 24 hours after 21Shares filed a proposal to offer staking services on spot ETH ETF products. For a coin that traded as low as $2,551.17 in the past 24 hours, it is now changing hands for $2,794.86, up 4.73% at the time

The Cboe BZX Exchange, Inc. has submitted a proposal to enable staking for the 21Shares Core Ethereum exchange-traded fund (ETF).

Also: Lido goes modular; Uniswap finally launches Unichain

Despite increased negative side factors, demand for Ethereum remains high and positions ETH for recovery.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently attracted significant attention after a group of crypto whales purchased 600,000 ETH in just one week. This considerable acquisition raises several questions about what the future holds for Ethereum's price.

Bloomberg Intelligence ETF analyst James Seyffart alluded to the filing being the first ETF to file with the SEC to allow for staking.

Dogecoin currently boasts a bearish outlook, having dropped below the $0.30 psychological level and is now at risk of losing the $0.20 level. This bearish outlook is further strengthened by a drop in DOGE's social sentiment, mirroring Ethereum, which has also suffered significant price crashes.

Ethereum tokens to the tune of 224,410 were pulled out of exchanges in the last 48 hours, causing a huge wave of withdrawals that have rocked the cryptocurrency scene. According to Santiment data, the massive exodus that took place on February 8 and 9 represents the largest net outflow in almost two years.

Institutional investors are making headlines again. Recent reports reveal that global asset manager BlackRock has been quietly ramping up its crypto exposure. According to a report on CryptoPanic, the asset management company is on a buying spree that now includes Ethereum and a range of altcoins.

The price of Ethereum (ETH) is stabilizing above the $2,500 support level after falling on February 7.

Crypto markets are stabilizing and trending upward after an initial drop following the higher-than-expected COnsumer Price Inflation report. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,166.74 +2.2% Ethereum (CRYPTO: ETH) $2,679.72 +3.4% Solana (CRYPTO: SOL) $193.42 -1% XRP (CRYPTO: XRP) $2.44 +2.7% Dogecoin (CRYPTO: DOGE) $0.2612 +4.6% Shiba Inu (CRYPTO: SHIB) $0.00001680 +8.4% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 3.2% and daily active addresses grew by 2.6%.

zkLend offered the hacker a 10% bounty, allowing them to keep 400 ETH if they return 3,300 ETH by Feb 14, releasing them from liability.

Due to recent investments, BlackRock, the world's largest asset manager, is attracting significant attention from crypto enthusiasts amid ongoing market uncertainty. Today, February 12, 2024, blockchain-based security intelligence firm Arkham posted on X (formerly Twitter) that BlackRock has invested millions of dollars in Bitcoin (BTC) and Ethereum (ETH).

Ethereum (ETH) revisited the $2,500 range, while traders reconsidered the bullish predictions for 2025. Funds remain more conservative compared to influencers, predicting ETH prices between $5,500 and $7,000.

On Tuesday, Uniswap launched the mainnet of its brand new layer-two Ethereum scaling protocol, called Unichain.

There have been recent concerns within the crypto community regarding Binance's recent activities after a claim surfaced that the exchange had been offloading large amounts of Bitcoin and Ethereum. The Binance selloff trend was first noted on social media platform X by a market participant known as AB Kuai.Dong (@_FORAB), who noted that the crypto exchange had allegedly been selling off its Bitcoin and Ethereum holdings.

Ethereum price action has shown potential to replicate the gains seen in the 2021 altseason.

Bitcoin bears are finding it difficult to pin the price below $95,000, indicating solid demand at lower levels.

Ethereum (ETH) continues to experience heavy volatility in the crypto market, leaving many investors and traders uncertain about its future. As the overall market faces confusion, with the prices of digital assets fluctuating, whales seem to be taking a more calculated approach.

The new infrastructure will allow USDT deployments on Arbitrum, Ethereum, Tron, Ton, Ink, and Berachain to link without wrapping tokens.

Bitcoin ETF outflows continue as Powell's rejection of rate cuts and high inflation trigger a pullback from institutional investors. However, the Ethereum ETF market performed well, showing strong confidence and investor appetite for buying the dip.

Uniswap takes a major new step with the launch of Unichain, its Layer 2 blockchain on Ethereum. This announcement comes just a few days after the successful deployment of its version 4 on twelve major networks.

DeFiLlama's data revealed that Ethereum had flipped the GMGN Telegram bot in weekly revenue less than 24 hours ago despite falling to 17th place in weekly revenue rankings. The Telegram bot BullX generated more revenue than Ethereum in the past seven days as Tether held steady at the top in terms of annual, monthly, weekly, and 24-hour revenue.

The Swiss stock exchange group SIX has introduced a Digital Collateral Service, allowing financial institutions to use crypto assets alongside traditional securities as collateral.

Starknet-based lending protocol zkLend has confirmed a significant security breach, resulting in the theft of more than $9 million in Ethereum (ETH).

TL;DR Bitcoin's price dropped by 1.91%, while Ethereum and other cryptocurrencies also saw significant losses due to an unexpected rise in inflation in the U.S. for January. The Consumer Price Index (CPI) increased by 3% year-over-year, surpassing analysts' expectations, raising concerns about potential persistent inflation.

The 50-day Exponential Moving Average (EMA) is about to cross below the 200-day EMA, putting Ethereum closer to the edge of facing some serious consecuences, especially if investors keep on actively selling the asset, despite the fact that institutional investors are actively buying it.

As layer-2 chains continue to proliferate, some Ethereum developers are pushing rollup tech that takes a new approach to interoperability: “based rollups.”

After a relatively subdued price performance in 2024, Ethereum (ETH) could be on the verge of a significant breakout. A recent analysis by a well-known crypto analyst suggests that the second-largest digital asset may soon enter what they call its “most hated rally.

According to reports, the gas fees of Ethereum have dipped to its lowest of $0.04 in the last week, making it one of the cheapest networks in the market. Meanwhile, the Dogecoin price is trading in an ascending channel. Ali Martinez forecasts its value could pump to $4 in the coming months.

Hong Kong has officially incorporated Bitcoin and Ethereum into its Capital Investment Entrant Scheme (CIES), allowing high-net-worth individuals to use these cryptocurrencies to demonstrate their wealth for residency applications.

Crypto whales have purchased a significant 600,000 Ethereum in the past week. What does it signify?