The post Ethereum Price Prediction: ETH Pattern Resembles Past Surge appeared on BitcoinEthereumNews.com.
Ethereum is holding near a key support area while its short-term correction remains active. At the same time, the weekly chart shows ETH forming a setup that looks similar to past consolidation zones before larger rallies. Ethereum Holds $2,220 Support as ETH Correction Stays Active Ethereum remains in a corrective phase after briefly breaking below Friday’s swing low during CPI driven volatility, according to a chart shared by MCO Global on X. The 1-hour ETH chart shows price slipping below a short-term support area before stabilizing near the same zone. The move came after stronger-than-expected inflation data added pressure to risk assets and reduced expectations for quicker rate cuts. Ethereum 1-Hour Chart. Source: MCO Global on X MCO Global said Ethereum has not confirmed a local low yet. The chart places the next key support near the $2,220 swing low, which now acts as the ma
Data shows the Ethereum Open Interest has surged alongside the latest retrace in the asset’s price. Here’s what this could mean for the cryptocurrency. Ethereum Open Interest Has Seen A Rise Recently As highlighted by analyst Maartunn in an X post, the Ethereum Open Interest has just witnessed a surge. The “Open Interest” here refers to an indicator that measures the total amount of positions related to the cryptocurrency that are currently open on all centralized derivatives exchanges. Related Reading: Bitcoin Cycle Indicator Turns Green For First Time In Years: Early Bull Or Local Top? When the value of the metric rises, it means the investors are opening fresh positions on the market. As new positions generally come with more leverage for the sector, this kind of trend can lead to more volatility. On the other hand, the indicator observing a drop suggests holders are either getting liquidated or closing positions of their own volition. In either case, the resulting leverage washout
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Ethereum is trading around $2.3k and is still anchored below the $2.4k resistance zone that has capped this entire consolidation over the past months. The ascending channel from February’s lows remains structurally intact, and the conditions for a breakout seem favorable. The derivatives positioning has also changed dramatically recently, as traders are now placing their […]
JPMorgan is launching a tokenized money market fund on Ethereum, marking another step by a major Wall Street institution into public-blockchain-based fund infrastructure. The new JPMorgan OnChain Liquidity-Token Money Market Fund will offer Token Class shares under the ticker JLTXX, according to a registration filing for JPMorgan Trust IV. The filing positions the product as […]
Maple, an onchain asset manager overseeing $3.8 billion in assets, has officially announced its integration with the Ethereum layer two ( L2) network Ink. Onchain Yield Expansion: Maple Deploys syrupUSDT on OP Stack-Based Ink The move is designed to broaden access to the firm’s dollar-yield product, known as syrupUSDT, throughout the Ink decentralized finance ( […]
Persistent inflationary pressures may lead to prolonged high interest rates, impacting economic growth and investment strategies.
The post Wall Street inflation fears rise as CPI hits highest since 2022 appeared first on Crypto Briefing.
An onchain whale has quietly spent $46.99 million accumulating 21,800 ether since February 15, with the latest purchase of 1,500 ETH coming just hours ago. A PATIENT, SYSTEMATIC ACCUMULATION SCHEME Having spent $46.99 million accumulating ether since February 15, buying a total of 21,800 ETH at an average price of $2,155 per coin, the whale’s […]
The post JPMorgan Files JLTXX Tokenized Treasury Fund on Ethereum appeared on BitcoinEthereumNews.com.
JPMorgan filed JLTXX, a tokenized money market fund backed by U.S. Treasuries on Ethereum. Ethereum gained further institutional attention as firms expanded tokenized Treasury activity. IMF warned that tokenized markets may face legal and settlement risks during stress conditions. JPMorgan expanded its blockchain-based finance operations after filing for a new tokenized money market fund intended to support stablecoin reserve management under the proposed GENIUS Act framework. The filing also added to growing institutional activity linking stablecoin liquidity with tokenized U.S. Treasury products on Ethereum. The bank’s asset management division submitted paperwork for the JPMorgan OnChain Liquidity-Token Money Market Fund, which will trade under the ticker JLTXX. According to the filing, the fund will issue digital tokens on the Ethereum blockchain that represent ownership in a port
