Ethereum Surpasses $4,000 Mark in Crypto Market Update

Crypto Market Update: Ether Tops $4,000 for First Time in 27 Months

Ether (ETH) has reached a major milestone in the crypto market, surpassing the $4,000 level for the first time since December 2021.

The price of Ether rose from $3,873 on March 8, marking a 4% increase in the last 24 hours and a 74% increase year-to-date. This surge has led to a 27-month high of $4,003 on Bitstamp, according to data from CoinMarketCap.

The rise in Ether’s price can be attributed to the upcoming Dencun update for Ethereum and the potential approval of a spot Ether exchange-traded fund (ETF) by the United States Securities and Exchange Commission.

In Crypto Market: ETH Continues Uptrend as Other Top Cryptocurrencies Show Greed

On March 8, ETH resumed its uptrend while other top-cap cryptocurrencies showed signs of greed and Bitcoin (BTC) reclaimed $68,000. Despite this, Ether has remained on a steady path towards the highly anticipated $4,000 psychological level, with the crypto community eagerly anticipating the Dencun upgrade for the Ethereum network.

Keeping Up with Crypto: Stay Informed with Live Feeds and Updates

As the crypto market continues to evolve and grow, it is important to stay informed and up-to-date with the latest news and updates. From major milestones like Ether’s price surpassing $4,000 to upcoming developments and mergers, keeping up with the crypto world is essential for any investor or enthusiast.

Major Ethereum Upgrade, Dencun, Set to Go Live on March 13

The highly-anticipated Dencun upgrade is set to revolutionize the Ethereum network, bringing significant improvements since the Merge. This update will implement various Ethereum Improvement Proposals (EIPs), including the introduction of “proto-danksharding” through EIP-4844.

Proto-danksharding is a game-changing feature that enables the use of blobs, simplifying the transaction process by storing some data off the blockchain. This will result in faster transactions and reduced costs for layer-2 chains and rollups that rely on Ethereum.

Ethereum developers have announced that the Dencun mainnet will officially go live on March 13, marking a major milestone for the crypto community.

Rising Expectations for SEC Approval of Ether ETF Applications Drive ETH Price Performance

The crypto market is abuzz with anticipation as the SEC is expected to approve one of the several spot Ether ETF applications in the near future. This news has been a major driving force behind the recent surge in ETH’s price.

Crypto enthusiasts are eagerly keeping up with the latest updates, including the highly-anticipated launch of Gala Crypto and other upcoming developments. With the crypto market in constant flux, it’s crucial to stay informed and stay ahead of the game.

As the crypto world eagerly awaits the Dencun upgrade and other exciting updates, the future looks bright for the cryptocurrency market. Stay tuned for more updates on the ever-evolving world of crypto.

Crypto Market Update: SEC Delays Decision on Spot Ethereum ETFs, But Hope Remains

Despite the Securities and Exchange Commission (SEC) postponing its verdict on spot Ethereum ETF applications from BlackRock and Fidelity, participants in the market are still optimistic that one will be approved soon. The regulatory body is expected to announce its decision on all spot Ether ETF applications simultaneously, just as it did with Bitcoin ETFs on January 10th, in order to avoid giving any one issuer an unfair advantage. The SEC has until May 23rd to approve or deny an Ether ETF.

Bloomberg ETF analyst James Seyffart believes that the SEC will not take as long to review Ether ETF applications as it did with Bitcoin ETFs. In a post on X, Seyffart stated that May 23rd is the “crucial date” for Ether ETFs.

Following the success of spot Bitcoin ETFs since their launch on January 11th, a spot Ether ETF is expected to have a similar impact, allowing more funds to enter the market for the second-largest cryptocurrency by market capitalization.

Siddharth Lalwani, co-founder and CEO of Range Protocol, predicts that institutional investors may increase their exposure to Ether once the hype around Bitcoin’s recent all-time high dies down. He told Cointelegraph: