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Bitcoin (BTC) price has crashed, and with it, altcoins have followed in a cascade of dumps that has seen over $530 million in total liquidations across the cryptocurrency market. However, the thesis remains bullish, with the current correction likely a good buying opportunity for late bulls before the next move north.

Also Read: Over $530 million in crypto positions forcibly closed as Bitcoin price dips on Friday

Bitcoin price remains below the $69,000 threshold, which had capped the upside potential for BTC since November 2021. Technicals suggest a continuation of the fall, amid a nose-diving Relative Strength Index (RSI), which suggests momentum is falling.

The histogram bars of the Awesome Oscillator (AO) are flashing green, a sign of the bears having a strong presence in the BTC market. Additionally, the volume indicator is showing large red bars, showing the downtrend is gaining strength.

Bitcoin price could extend the fall, which means investors could still have an opportunity to buy lower before a strong move north ahead of the BTC halving. One trader and analyst on X, @Cryptomanran, indicates, A 20% or 30% dip would be completely normal and healthy in a bull market, especially a month before the halving.

Nevertheless, investors are encouraged to conduct their own research. In a dire case, however, Bitcoin price could slip below the $60,000 psychological level for a liquidity grab of the March 5 low of around $59,005.

BTC/USDT 1-day chart

On the other hand, if the bulls act now, buying BTC at current levels, Bitcoin price could recover. To confirm the uptrend, investors must watch for a candlestick close above $64,044, the mean threshold of the supply zone between $71,290 and $73,193. Such a move would clear the path for BTC to reclaim the $70,000 psychological level, or higher to clear the $73,777 peak before a new all-time high.

Also Read: Bitcoin price slumps further from Thursday's record high above $73K

Ethereum price is nose-diving, taking direct cues from BTC despite the recent Dencun Upgrade, which was expected to be a bullish fundamental to positive impact ETH price. With technicals flashing bearish, Ethereum price could extend the fall to test the $3,527 support.

If the aforementioned level fails to hold as support, Ethereum price could slip past this buyer congestion level, potentially going as low as the $3,200 level, a 12% drop below the current price.

ETH/USDT 1-day chart

Conversely, a re-entry by the bulls could see Ethereum price recover. A flip of the formidable resistance due to the equal lows of $3,722 into support after a strong spike in bullish momentum would improve the chances of continuing the uptrend. This development could result in ETH heading straight to the $4,093 range high.

Also Read: Ethereum L2 bridge deposits skyrocket after Dencun Upgrade

Ripple price is down 15% after a peak of $0.7440 on March 11. Amid falling momentum and a downtrend that is gaining strength, XRP price could extend the fall 7% to $0.5740 before a possible recover.

However, in a dire case where this level fails to hold, Ripple price could extend lower to the $0.5368 support level where the bulls could have another buying opportunity.

XRP/USDT 1-day chart

On the other hand, if bullish momentum increases, Ripple price could reverse the direction. A move above the $0.700 psychological level would inspire more buy orders, reinvigorating the trend for XRP price to clear the $0.7500 range high.

In a highly bullish case, Ripple price could reach the $0.8000 psychological level. Such a move would denote a 27% climb above current levels.

Also Read: XRP price plummets to $0.67 as holders brace for SEC vs. Ripple lawsuit deadline

Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.

Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an improved version of it.

Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.

Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoins interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.

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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC as low as 60K would still be a good buying opportunity - FXStreet

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There is reason to be excited about ethereum, which surpassed the $4,000 threshold in early March for the first time since December 2021.

If you want exposure to the cryptocurrency, the second-largest by market capitalization, you can invest through your brokerage account via ethereum ETFs.

To pinpoint the best ethereum ETFs of 2024, our team evaluated the current offerings in this emerging niche. We considered factors crucial for short-term and long-term investing, including expense ratios, assets under management, tax efficiency and bid-ask spread. A lower bid-ask spread indicates better liquidity and lower trading costs and thats better for you.

Why trust our investing experts

Experienced fund analysts select our best fund selections based on a screening of several must-have metrics. Some of these metrics include but are not limited to assets under management, expense ratio, strategy, management, minimum investment requirements, turnover and fees. You can read more about our methodology below.

We looked at ETFs that provide ethereum exposure through futures. Thats because the Securities and Exchange Commission still needs to approve spot ethereum ETFs. Futures are derivatives that bet on the future price of ethereum as opposed to the current spot price.

Fund managers ARK Investment Management, 21Shares, Franklin Templeton and BlackRock have submitted prospectuses for spot ethereum ETFs, indicating a growing interest in providing direct exposure to ethereum.

Our ranking of the best ethereum ETFs was created by applying a screen of several must-have metrics:

An experienced ETF analyst selected the funds above, but they may not be right for your portfolio. Before purchasing any of these funds, do plenty of research to ensure they align with your financial goals and risk tolerance.

The selection pool for ethereum ETFs was relatively limited, prompting us to adjust our criteria while maintaining a rigorous selection process to ensure we presented the best options.

A key factor in our evaluation was the expense ratio, for which we set a strict ceiling of 1%, net of waivers. Recognizing the inherently higher costs associated with ethereum futures, we aimed to identify ETFs that offer competitive pricing.

This led to the exclusion of certain funds, including the Valkyrie Bitcoin and Ether Strategy ETF (BTF), which has an expense ratio of 1.24%.

We set a 30-day median bid-ask spread limit of 0.40% to accommodate the unique market dynamics of ethereum ETFs. This wider threshold than typically applied for equity ETFs reflects the need to balance liquidity concerns with the less liquid nature of ethereum futures holdings.

We also applied an AUM threshold of $5 million to ensure chosen ETFs were not at significant risk of closure, a lower standard than usual but necessary under the circumstances.

Lastly, we capped the maximum 30-day SEC yield at 4% to minimize tax inefficiencies. The frequent turnover of futures contracts within these ETFs can lead to capital gains distributions, which can be a drag on performance outside tax-advantaged accounts like Roth IRAs.

Our top pick for the best ethereum ETF is the ProShares Ether Strategy ETF, distinguished by its leading position with the highest AUM at $77 million. It also boasts a reasonable 0.12% bid-ask spread, underscoring its liquidity and the ease with which investors can enter and exit positions. Furthermore, it has the distinction of being the first U.S.-listed ethereum futures ETF, making it a pioneer in the space.

While the ProShares Ether Strategy ETFs 0.95% expense ratio of is higher than the VanEck Ethereum Strategy ETFs 0.66% expense ratio, the latters bid-ask spread of 0.33% elevates the total cost of ownership, particularly if you plan to buy and sell.

So, despite the slightly higher expense ratio, the ProShares Ether Strategy ETF offers a more cost-effective and liquid option for investors looking to gain exposure to ethereum through their brokerage accounts.

Buying ethereum ETFs follows the same straightforward process as purchasing a regular stock or ETF:

Investing in ethereum ETFs should be a careful process, aligning with your risk tolerance and objectives. Reflect on these questions:

As of March 18, the largest ethereum ETF is the ProShares Ether Strategy ETF (EETH), with $77 million in AUM.

Ethereum ETFs can be a suitable investment for those seeking indirect exposure to ethereum prices without the complexities of self-custody or navigating a cryptocurrency exchange. These ETFs can be held in standard brokerage accounts and traded like any other stock, offering a familiar and accessible way to invest indirectly in ethereum.

But there are downsides. One potential issue is a misalignment with the spot price of ethereum due to the use of futures contracts and the fact that ethereum trades 24/7, whereas these ETFs are limited to market hours.

Additionally, investors should be prepared for volatility associated with ethereum and the broader cryptocurrency market. High expense ratios compared to traditional ETFs also add to the cost of investment, which should be weighed against the potential benefits.

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Best Ethereum ETFs of March 2024 - USA TODAY

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Key points:

Amidst Bitcoins ongoing cryptocurrency market boom Solana (SOL) has climbed to $204 with a staggering 2000% growth from $9 at the beginning of 2023. An independent analyst with the X handle Hansolar speculated that Solana could repeat the great ETH surge of 2020-2021 bull market.

When SOL takeoff?

SOL

Assuming SOL is the new ETH this cycle, I think SOL really takes off later than BTC and ETH.

Previously ETH took off when BTC actually broke out into ATHs.

It's then when retail buys into SOL as the high beta catch up play.

Currently SOL is at around pic.twitter.com/mwyhJ5DO6m

Hansolar has sparked optimism in the community suggesting that Solanas price could soar to $600, drawing parallels to Ethereums remarkable ascent during the previous crypto market bull run. Ethereums price surged from around $85 to a staggering $4,935 following Bitcoins uptrend in 2020-2021, a surge of approximately 1,400%.

Bitcoin is set for an extended bull run above its November 2021 ATH of $69,000 and Hansolar believes Solana stands to benefit similarly.

Assuming SOL is the new ETH this cycle, I think SOL takes off later than BTC and ETH. Previously ETH took off when BTC broke out into ATHs.

The fundamentals of Solana indicate a promising outlook. The total-value-locked (TVL) across its ecosystem has reached 20.51 million SOL, its highest level since January 2023. Solana also surpassed Ethereum and other Ethereum Virtual Machine (EVM)-based Layer-2 solutions in 24-hour transaction volume, with Solanas $3.654 billion outdoing Ethereums $2.397 billion.

Solana broke the $200 band earlier on Monday morning. With a bullish outlook, the chart indicates $257 as its next target.

Originally posted here:

SOL From $9 to $200: Can Solana Repeat Ethereum's 2020-2021 Rally? - TradingView

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In the world of virtual or digital assets, people often talk most about the trending and most popular cryptocurrency Bitcoin, but also closely keep an eye on Ethereum which is regarded as the worlds second largest cryptocurrency. There is no doubt that ETH is overshadowed by the worlds largest cryptocurrency BTC, but surely it has plenty to offer.

Crypto enthusiasts generally look at ETH as much more than just a digital token and believe it has a huge intrinsic value that offers unique earning opportunities for its investors.

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Lets dig deep into this guide to see what Ethereums future holds and whether it will continue to gain momentum in the coming years.

The worlds largest altcoin and the second-largest cryptocurrency, Ethereum, holds significance beyond being just a crypto token. It is widely recognized outside the crypto community for its advanced features and innovative blockchain solutions.

ETH operates as an open-source blockchain with smart contract functionality, primarily applied in the realm of decentralized finance (DeFi). Ethereum functions more like a network that is continually updated and maintained by validators who receive ETH as compensation for their contributions and efforts.

Many experts envision ETH reaching a valuation of $40,000 by 2030. While this might seem ambitious, it is not entirely implausible. Several compelling factors, such as its comprehensive market strategy, unique model, scalability solutions, and leadership in various decentralized applications, have positioned ETH at the forefront of the cryptocurrency landscape.

Ethereum has played a vital role in expanding blockchain technology, offering blockchain projects, faster transactions, enhanced efficiency and decentralized applications to industries across the globe. Lets take a look at the key use cases of ETH which are extensive and expanding at a very fast pace:

In short, there are many sectors in which Ethereum is creating value and offering utility. Industries from entertainment to real estate and even the healthcare sector, are creating apps and tools based on the blockchain solutions provided by ETH.

To understand where Ethereum will go next and to gain a better understanding of its forecast, you need to first comprehend its unique model, which is unlike other cryptocurrencies.

The network began its operation by using a consensus mechanism which initially involved proof-of-work, but in 2022 it switched to proof-of-stake. The PoS consensus mechanism is considered to be extra secure which tends to use less energy and is much more efficient for implementing scaling solutions as compared to the previous model.

The validators are allowed to stake capital in the form of Ethereum in the current model and join the network where this stake ETH acts as collateral. Once it is activated, validators receive new blocks from their peers on the ETH network, then they are responsible for sending it out to other nodes on the network.

Furthermore, validator nodes vote on the validity of a new block of transactions, thus it collectively ensures that new blocks are authentic and in force before adding them permanently to the main blockchain. Then, out of these nodes, one node is selected as the block proposer for the current time slot, which is highly responsible for building the new block of transactions.

A PoS is much better than PoW, as it does not use heavy computational power to solve a riddle. But, in the PoS system, the node validates the new transactions itself and stakes its value as collateral. These nodes then run competently to avoid losing that collateral.

With the merge now complete after years of hard work, Ethereums transition to PoS is finally active. Now with this crucial change, the Ethereum network instead of using miners started to use validators to approve, create and add blocks to the blockchain.

Ethereum holds a bright future as it is not just a transactional currency but eventually, it is on the path of establishing itself as a store of value for those entities which are looking to optimize their wealth. ETH functions very well with DApps, NFTs, smart contracts, and DeFi and the list keeps growing every year.

As long as the network keeps becoming stronger and the ETH team continues to develop innovative features, its investors will likely continue to grow in the years to come. Lets check out the long-term price predictions of Ethereum.

As of March 13, 2024, Ethereum is trading at $4,053, boasting a market capitalization of $486.33 billion. The currency has exhibited significant growth following the Shapella upgrade in April 2023, experiencing a substantial increase from $2,100 to $4,000. The ongoing interest in Spot Bitcoin ETFs, spurring anticipation Ethereum ETFs may also get an approval, the Bitcoin halving event and the Dencun upgrade that is live at around 7:30 PM IST are factors that have fanned the growth of ETH.

The average trading price for Ethereum is anticipated to be around $4,000, with the potential to surpass its all-time high by the end of the month.

Read more about the Dencun upgrade: Why is Ethereum Going Up Today?

According to Cryptonewz, by the end of the current year 2024, ETH will touch $5,000. By the year 2025, Ethereum is expected to reach the maximum level of $6,500 with a minimum of $ 4,500 and an average of $5,500. And by the year 2030, it is expected that it may go up to a maximum of $20,500.

The current year will witness the Dencun upgrade, which is anticipated to positively boost the value of ETH. Also, Bitcoin Halving can also be a contributing element to the growth of the ETH trading value. If ETH keeps on growing, it has the potential to overcome its all-time high.

According to the CoinDCX blog, it is anticipated that 2024- a bullish year-end may lay a firm foundation for ETHs upward movement. The upswing could intensify, potentially pushing prices to surpass the crucial $10,000 and setting a new all-time high. But, bearish activity could increase as these levels are breached leading to promoting a modest pullback. By the year-end, the pullback will witness a downtrend and eventually the year will close in the range of $5,000.

At the beginning of the year 2030, ETH price could reclaim its position of $10,000 and probably above the level, establishing a robust upward trend. ETH might even bypass this all-time high of around $12,000 levels and set a new record. But, again after reaching this peak, a crucial pullback might ensue. The year for ETH will reflect the dynamic interplay of encompassing bullish surges, market forces and bearish adjustments. By the end of the year, it might range around $9,000 to $9,500.

Given the highly volatile nature of the crypto market, various possibilities exist in the realm of cryptocurrencies, including the potential for Ethereum to surpass Bitcoin. As witnessed in 2021, ETH outperformed BTC, gaining nearly 400% compared to Bitcoins 66%.

Experts acknowledge that due to several use cases and its unique blockchain, Ethereum has a stable future, and there is a chance it may perform exceptionally well compared to Bitcoin. However, it is considered highly unlikely for Ethereum to surpass the price of Bitcoin. Nevertheless, ETH has the potential to reach a comparable market capitalization with BTC, notably due to its uncapped supply, unlike Bitcoin.

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Several crypto experts have analyzed the performance of Ethereum since its inception and knowing its capabilities they strongly believe that ETH is here to stay because of its firm fundamentals and potentiality.

The continuous growth of Ethereum and its constant upgrades has led many to predict that this year 2024 and upcoming years will be great for the token as rising confidence in the technology and blockchain solutions will surely let ETH to the moon and investors holding ETH for long will not be wrecked.

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Ethereum (ETH) Price Prediction For 2023, 2025 And 2030 Forbes Advisor INDIA - Forbes

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Last updated: March 18, 2024 16:16 EDT | 1 min read

British multinational bank Standard Chartered expects Ethereum (ETH) to outperform Bitcoin (BTC) after spot ETFs for the former are approved by regulators in May of this year.

In a Monday research note, the bank waxed extra bullish on both assets, upping its previous Bitcoin cycle top prediction from $150,000 to $250,000 in 2025. Ethereum could climb over 4X to $14,000 per unit, following a 12-month tsunami of up to $45 billion in ETF inflows.

We estimate that spot ETFs will drive inflows of 2.39-9.15 million ETH in the first twelve months after approval, wrote the banks analyst Geoff Kendrick. In USD terms, that equates to roughly $15 billion to $45 billion.

The figure, Kendrick noted, mirrors his inflow expectations for Bitcoin spot ETFs in market cap-adjusted terms. Since launching on January 11 following a split-decision SEC approval, net inflows to the U.S. Bitcoin spot ETFs have totaled over $11.9 billion despite non-stop outflows from the Grayscale Bitcoin Trust (GBTC).

Given the current pace, the bank has revised its end-of-2024 Bitcoin price prediction from $100,000 to $150,000, with $200,000 marking the new midpoint for a sideways trading range at the end of 2025. This price would align with a two-asset optimization scenario where Bitcoin takes up 20% of investors allocation to gold within their portfolios.

Meanwhile, Ethereum is expected to either keep pace with or outpace BTC over the next two years, moving from its current 5.4% price ratio against the leading crypto in 2024, to the 7% ratio in the following year, which it held in 2021 and 2022.

This would imply a USD level of 8000 for ETH, the bank wrote as its end-of-2024, price prediction. For 2025, based on its BTC expectation of 200,000, it expects an ETH price of $14,000.

While Standard Chartered anticipates Ethereum ETF approval by May, several analysts have grown much less optimistic about the idea given regulators seeming lack of communication on the matter.

Our odds of ETH ETF approval by May deadline are down to 35%, wrote Bloomberg ETF analyst Eric Balchunas to X last week. All the signs/sources that were making us bullish 2.5mo out for BTC spot are not there this time.

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Standard Chartered Predicts Up To $45 Billion Inflows To Ethereum ETFs Within 1 Year - Cryptonews

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