Latest news with #ETHUSD
Yahoo
4 days ago
- Business
- Yahoo
Here's Why Ethereum ETFs are Surging
Ethereum (ETH) is skyrocketing, outperforming Bitcoin in recent sessions. Over the past month, Ethereum has gained 50% while Bitcoin has added about 2%. Since mid-April through early August, ETH-USD has been trading in a steady ascending channel, with swing lows rising from $3,200 to $3,729 and highs moving from $3,936 to $4,013. Ethereum continues to dominate as the leading DeFi platform, with bullish price predictions caused by growing interest in staking, tokenization and institutional adoption. Behind the Drivers Whale and institutional buying have been a driving force behind Ethereum's rally. Ethereum's network activity is also surging — daily transactions hit 1.74M on Aug. 6 (the highest since May 2021), monthly volumes topped 46 million, and staked ETH now accounts for over 15% of total supply. These factors make the case for a sustained demand above $4,000. Institutional Treasuries and ETF Inflows Corporate Ethereum treasuries are rapidly expanding. BitMine holds 833,000 ETH ($3.3B), SharpLinkGaming has 522,000 ETH ($2.1B), and The Ether Machine holds 345,000 ETH ($1.4B). Standard Chartered projects that treasuries could expand to 10% of circulating supply over time, potentially injecting another $50 billion of demand, as quoted on Meanwhile, U.S. spot Ethereum ETFs have attracted nearly $5B in net inflows over the past month, outperforming Bitcoin ETFs proportionally and creating a solid long-term support base, as mentioned on the same source. Macro, Regulatory, and Network Tailwinds A 90% probability of a U.S. Fed rate cut in September is boosting risk assets, including Ethereum. On the regulatory side, possible SEC approval for staking within U.S. spot ETH ETFs could unlock more opportunities. On July 17, 2025 BlackRock also filed with the SEC to include staking in its ETHA exchange-traded fund (ETF), which also boosted the sentiment for crypto's second-largest coin. The Shanghai upgrade has unlocked over 24 million staked ETH, improving liquidity dynamics, while layer-2 adoption on networks such as Polygon and Optimism has surged, jointly processing over 20 million transactions in July. ETFs in Focus Exchange-traded funds (ETFs) like 21Shares Core Ethereum ETF CETH, Vaneck Ethereum ETF ETHV, Invesco Galaxy Ethereum ETF QETH, Grayscale Ethereum Trust ETF ETHE and iShares Ethereum Trust ETF ETHA added about 50% each over the past month. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Ethereum to $5,000: Bullish Breakout or Triple Top Trouble? Chart Levels to Watch for ETH Now
Ethereum (ETHUSD) just crossed $4,600 — its highest level since December 2021 — and traders are buzzing about whether it can reclaim its previous all-time highs north of $4,800, set in 2021. In this clip from the latest Market on Close, 'Twitter Tom' is firmly in the bull camp, calling for new highs within the next three months. John Rowland, CMT, however, warns of a possible triple top — a classic bearish reversal pattern that could slow the rally. More News from Barchart Why This Cannabis Penny Stock Could Be Wall Street's Next Meme Trade Breakout Apple Stock Is Gaining Momentum, Is AAPL Stock a Buy? Peter Thiel-Backed Bullish Is About to IPO. Should You Buy BLSH Stock? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. With ETF inflows, whale accumulation, and strong technical momentum, the stakes couldn't be higher. Is Ethereum about to break through and run higher, or will resistance win this round? The Bullish Case: Tom's Take Tom points to Ethereum's underperformance relative to Bitcoin (BTCUSD) as fuel for a catch-up rally. While Bitcoin has soared past its prior cycle highs, Ethereum still hasn't hit its all-time high from 2021. That gap, combined with improving technicals, makes him confident ETH will push past $5,000 within the next three months — and potentially much sooner. ETF approvals, DeFi expansion, ongoing stablecoin expansion, and network growth add to the bullish backdrop. Tom even hints that Ethereum could follow Bitcoin's path and enter a strong parabolic phase. The Bearish Caution: John's View John acknowledges the bullish momentum, but warns traders to watch the chart closely. The current pattern could be forming a triple top, which historically signals strong resistance and a possible reversal. ETH has broken out above its 2024 highs for now, but is technically overbought and pulling back today. If Ethereum fails to clear previous double-top resistance decisively, it could lead to a deeper pullback before any sustained breakout. Why Now Matters Ethereum has broken through the $4,000 barrier after a multi-year trading range, liquidating $215M in short positions in just 24 hours. Analysts are calling for upside targets ranging from $6,200 in the short term to as high as $15,000 by year's end, according to Fundstrat's Tom Lee. So will ETH find new highs, or will a triple top rain on the bulls' parade? Explore Cryptocurrency Data on Barchart Barchart now offers cryptocurrency market coverage, including: Ethereum price charts with technical overlays Crypto Stocks watchlist for spotting momentum leaders Volume and Market Cap data to track rising cryptos Crypto ETF insights for exposure to digital assets Whether you're trading short-term moves or investing for the long haul, our crypto tools give you the data you need to make those informed decisions. Watch the quick clip here: Check out the full Market on Close episode to see more from Tom and John. And to make sure you don't miss a livestream, turn on email notifications. On the date of publication, Barchart Insights did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
As Ethereum Flirts With New Record Highs, Should You Buy BitMine Immersion Stock Here?
BitMine Immersion (BMNR) shares have roughly doubled since the start of August on the back of its Ethereum (ETHUSD) treasury strategy. The firm now has well over 1 million ETH on its balance sheet. Institutional inflow and favorable crypto legislation have pushed Ether prices to near-record levels this month, making BMNR an attractive pick for those seeking a cost-effective, alternative means of ETH exposure. More News from Barchart Why This Cannabis Penny Stock Could Be Wall Street's Next Meme Trade Breakout Apple Stock Is Gaining Momentum, Is AAPL Stock a Buy? Peter Thiel-Backed Bullish Is About to IPO. Should You Buy BLSH Stock? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! BitMine Immersion has been a millionaire-maker in recent months. Compared to their price in the final week of June, BMNR shares are up more than 1,200% at the time of writing. Is There Still Time to Build a Position in BMNR Stock? BitMine Immersion stock remains attractive as a long-term holding despite its explosive rally since Ethereum is not demonstrating any signs of letting up yet. In fact, the world's second-largest cryptocurrency by market cap has secured more than $1.5 billion in inflows into its exchange-traded funds (ETFs) this week, sharply higher than just $244 million for Bitcoin (BTCUSD). Moreover, now that President Donald Trump has signed the 'GENIUS Act', landmark legislation aimed at integrating stablecoins into mainstream finance, demand for Ethereum's blockchain infrastructure is broadly expected to surge. This regulatory breakthrough could act as a powerful catalyst for ETH, unlocking new institutional use cases and accelerating adoption across traditional financial channels, setting the stage for further increases in BMNR stock. Ether's Continued Surge Could Benefit BitMine Immersion BMNR stock could rip higher from here also because experts are increasingly predicting continued momentum in Ether prices in the second half of 2025. Standard Chartered analyst Geoff Kendrick, for example, now sees ETH rallying further to $7,500 by the end of this year, indicating potential upside of another 55% from current levels. In his latest research report, he dubbed the passage of the GENIUS Act a 'pivotal change,' adding it should 'indirectly boost activity on Ethereum as increased stablecoin liquidity leads to increased decentralized finance activity, where ETH dominates.' In a recent CNBC interview, Tom Lee – the new chairman of BitMine Immersion – even made the case for Ether prices hitting $30,000 over the next few years. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
As the Glacier Drop Rolls Out, Should You Buy the Cardano Crypto Here?
Cardano (ADAUSD) dis one of the projects altcoin investors swore by during the 2021 altseason. Cardano is similar to many flagship layer-1 smart contract blockchains like Ethereum (ETHUSD). This means that smart contracts can run on Cardano's blockchain, and they'll use ADA for gas fees. It is a proof-of-stake project. It got the title of being the 'Ethereum Killer,' supposedly destined to dethrone the Ethereum ecosystem as the leading alternative blockchain. Unfortunately, that never ended up materializing. More News from Barchart Is Dogecoin a Buy Below $0.25? BitMine Immersion Now Holds 1.15 Million Ethereum Tokens. Should You Buy BMNR Stock Here? Trump Signs Order Allowing Americans to Add Crypto in Their 401Ks. Here Are 3 of the Top-Rated Coins to Buy Now. Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! The crypto has underperformed since late 2021, with newer projects getting more attention. However, recent performance has been unusually good. ADA is up 22.3% in the past month and 19.6% in just the past five days alone. This is comparable to the performance of BNB (BNBUSD). Crypto investors now see a solid altseason brewing with Ethereum's breakout accelerating, so it only makes sense to start contemplating buying ADA as well. The Glacier Drop The Glacier Drop is attracting lots of attention to ADA at the moment. It is a token distribution event tied to the Midnight Network. This is a sidechain built on the Cardano chain, which will allow private transactions. Most token distributions are usually contained within one ecosystem. This one involves eight blockchains: Cardano, Bitcoin (BTCUSD), Ethereum, Solana (SOLUSD), BNB Chain, Avalanche (AVAXUSD), XRP (XRPUSD), and Brave Attention Token. Eligible wallets are those that have had at least $100 worth of native tokens based on a snapshot taken on June 11, 2025. Cardano holders get 50% of it, whereas the remaining is split between other chains. Upgrades Are Translating Into Momentum for ADA Cardano has been showing signs of making a turnaround recently due to the network pushing forward with technical upgrades. In early August, the community approved a $71 million treasury allocation (about 96 million ADA) for core development by Input Output Global. This gives funding for 12 months of upgrades. This is the first time the community has directly funded ecosystem upgrades. These upgrades will make Cardano much cheaper and faster if implemented. The Hydra Scaling Solution is a layer-2 protocol that has shown it can handle up to 1 million transactions per second. On top of that, the Ouroboros Leios and Peras consensus mechanism upgrades will lead to much faster speeds through parallel processing and reduce transaction finality from 12 hours to 2 minutes. There are also other minor upgrades for developers and validators. All of these upgrades will make Cardano a much hotter ecosystem to build and develop on. In the future, Bitcoin users may be able to interact with Cardano's DeFi ecosystem. Is Cardano Gearing Up for a Breakout? These potential upgrades are great and would have made ADA one of the most surefire bets four years ago. In 2025, those numbers are not too impressive vs. chains like Solana or even Ethereum. Cardano retains plenty of name recognition, and this is mainly why I believe ADA is still poised to do well this cycle. If it can break through resistance at $0.88 and $0.91, the next leg up should lead it to $0.97. If such a move happens in conjunction with altseason kicking in, ADA should easily break through $1. My base, moderate, and bull cases are as follows: For ADA to break its previous all-time high of $3.10 and make a move beyond that, it would require an exceptionally strong altseason. If these upgrades kick in earlier than expected and coincide with new major catalysts, the stars may align. On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
16-07-2025
- Business
- Yahoo
Peter Thiel Is Betting Big on This Ethereum Treasury Stock. Should You Buy Shares Now?
Bitmine Immersion Technologies (BMNR) is up more than 20% in afternoon trading after billionaire investor Peter Thiel announced a 9.1% stake in the Ethereum (ETHUSD) treasury stock. Thiel's revelation arrives only weeks after the firm named Fundstrat's Tom Lee its chairman and raised $250 million from a consortium of accredited investors, including Pantera Capital and Galaxy Digital. More News from Barchart Dear Nvidia Stock Fans, Mark Your Calendars for July 16 How to Buy Tesla for a 13% Discount, or Achieve a 26% Annual Return Retirement Ready: 3 Dividend Stocks to Set and Forget Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Including today's surge, Bitmine stock is trading more than 1,500% vs. its recent three-month low. What Thiel's Stake May Mean for Bitmine Stock BMNR shares are rallying today because Thiel's investment is a major vote of confidence in its recently adopted ETH treasury strategy. As the cofounder of PayPal (PYPL), Palantir (PLTR), and an early investor in Facebook (META), Thiel is globally renowned as a visionary with a unique ability to identify disruptive technologies in their formative phase. His endorsement could, therefore, drive significant institutional interest and improve the overall investor sentiment – potentially leading to a further increase in the Bitmine stock price over the next few weeks. Why Have BMNR Shares Been in an Uptrend? Thiel's investment in Bitmine Immersion Technologies arrives at a time when the Senate's recent approval of the 'GENIUS Act' is keeping Ether-linked assets in focus. Why? Because the aforementioned legislation is widely expected to help stablecoins transition into more mainstream adoption – and Ethereum handles the lion's share of global stablecoin volume. Investors have rewarded BMNR stock ever since the company started loading up on the world's second-largest cryptocurrency by market cap. At the time of writing, its corporate treasury has over $500 million worth of ETH. Bitmine Immersion Remains a Risky Investment Despite Thiel's vote of confidence, Bitmine shares remain a high-risk, speculative investment at best. For starters, the crypto stock is currently up an eye-watering 1,500% versus its year-to-date low in May even though the company's fundamentals remain in shambles. More importantly, Wall Street analysts have so far not assumed coverage of BMNR stock, leaving investors with limited access to professional analysis, earnings forecasts, and valuation models. Without institutional scrutiny, Bitmine Immersion may be much more volatile, less transparent, and prone to hype-driven swings – making it even harder for retail investors to assess real risks tied to the business and its long-term potential. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
