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Newsbtc

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Spot Ethereum ETFs Rally Following Pectra Upgrade, Driving ETH Over $2,400

  • Spot Ethereum ETFs, including BlackRock’s iShares Ethereum Trust (ETHA), have surged significantly, leading to Ethereum (ETH) price surpassing $2,400 for the first time since March.
  • The Ethereum ETFs' rally is attributed to positive developments within the Ethereum ecosystem, enhancing its competitive edge against other cryptocurrencies like Solana.
  • Ethereum saw a 25% surge after the implementation of the Pectra upgrade, focusing on enhancing transaction capacity and efficiency to stay competitive in the market.
  • While Ethereum ETFs experienced mixed movements, with cautious investor sentiment, recent gains and developments, such as the Pectra upgrade, will likely influence Ethereum's future performance.

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Coindoo

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Analyst Sees Crypto Pullback Looming as Ethereum Hits Resistance

  • Pseudonymous analyst Crypto Capo warns of potential market overheating, particularly in Ethereum and mid-cap altcoins.
  • Bitcoin briefly surpasses $98,000, while Ethereum reaches upper resistance near $2,300.
  • Capo predicts ETH's rally losing steam, anticipates a possible drop below $1,200 by June due to technical indicators.
  • Solana stands out as resilient amid the trend, climbing towards $170-$200 range, expected to maintain momentum driven by ecosystem strength.

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Minis

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Vitalik celebrates Ethereum's 8th anniversary in India

  • Ethereum co-founder Vitalik Buterin celebrated the crypto's eighth anniversary in India on July 30, 2023.
  • During the celebration in Bengaluru, Polygon co-founder Sandeep Nailwal shared pictures of Vitalik enjoying Indian delicacies, including ghevar and masala dosa.
  • Ethereum, the world's second-largest cryptocurrency, had its official launch on July 30, 2015.

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Minis

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Techminis Daily News Wrap : 27th March 2023

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