OP +16%, STRK+15%, ARB+12%, ETHFI+17%, ENS+17%... How long has it been since you experienced this kind of collective surge in the Ethereum ecosystem?
ETH performed quite well today, with a daily increase of more than 5%, breaking through $3,300, while driving the collective rise of the ecosystem. In comparison, Bitcoin's increase was only about 1.5%, but at least Bitcoin did not "sing a different tune" this time.
Is Altcoin really coming?
Discussions about Altcoin season have been going on for a while, and every time it's coming, we haven't seen it yet. Crypto KOL @el_crypto_prof has recently written a lot of opinions supporting the coming of Altseason. He believes that the current USDT dominance has fallen below the 6-year trend line, and when USDT dominance falls, Altcoin will rise. In his opinion, the biggest Altseason since 2017 is in preparation.
ETH/BTC exchange rate hits bottom?
Crypto analyst @AMBERBTC888 says Altcoin will be all green in the coming days as ETH/BTC pair bottomed out and bounced off support. ETH will outperform #btc and all those who sold Altcoin at the bottom will get on board midway.
Hong Kong is about to launch Ethereum spot ETF
On April 26, the Hong Kong Stock Exchange announced the first batch of virtual asset spot ETFs to be listed, including Harvest Bitcoin Spot ETF, Harvest Ethereum Spot ETF, Huaxia Bitcoin ETF and Huaxia Ethereum ETF. Among them, Harvest's Bitcoin and Ethereum spot ETFs will start trading online on April 30.
Although the scale of Hong Kong ETFs is far smaller than that of the US market, it still attracts new capital inflows and brings positive energy to the crypto market.
Franklin Ethereum Spot ETF Code EZET Has Been Listed on DTCC Website
On April 27, according to DTCC data, the spot Ethereum ETF "FRANKLIN ETHEREUM TR ETHEREUM ETF" (code EZET) applied by Franklin Templeton has been listed on the DTCC (Depository Trust & Clearing Corporation) website.
While the DTCC’s listing of ETFs is a routine operation, it is standard practice for the DTCC to add securities to the NSCC Securities Eligibility File in preparation for the launch of new ETFs in the market. Appearance on the list does not indicate the result of any pending regulatory or other approval process.
This operation also occurred before the Bitcoin spot ETF was approved by the SEC. This means that the Ethereum spot ETF is ready and waiting for SEC approval. However, according to a report on April 25, people familiar with the matter revealed that after frustrating talks with relevant companies in recent weeks, the US SEC is expected to reject the application for the Ethereum spot ETF. Affected by this news, ETH fell below the $3,100 mark from its high of nearly $3,300 at the time.
Ethereum’s rebound today can only be said to have just begun, and whether it can continue remains to be determined.
