Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»Spot ETF expectations, Ethereum price approaches $3,000 due to Dencun upgrade
ETHEREUM NEWS

Spot ETF expectations, Ethereum price approaches $3,000 due to Dencun upgrade

By Crypto FlexsFebruary 20, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Spot ETF expectations, Ethereum price approaches ,000 due to Dencun upgrade
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum (ETH) price approached $3,000 on February 19 amid anticipation of developments expected to occur in the coming months.

As of 8:35 PM UTC, the ETH price is: $2,937, market capitalization of $352.96 billion. This change represents a growth of 4.12% over 24 hours. This is significantly larger than Bitcoin’s 0.4% gain over the same period and larger than the cryptocurrency market’s overall 1.2% rise.

Lido Staked Ether (STETH) saw a similar gain of 3.88% in 24 hours. The Ethereum 2.0 staking token category gained 5.4%, according to data from CoinGecko.

Ethereum accounted for a relatively small portion of 24-hour liquidations. The assets accounted for $35.48 million in liquidations, including $8.43 million in long liquidations and $27.05 million in short liquidations.

Liquidation data via Coinglass

Growth may be due to ETF expectations, Dencun upgrade

Ethereum’s recent rise may be linked to the possibility that the U.S. Securities and Exchange Commission (SEC) may approve a spot Ethereum exchange-traded fund (ETF).

No significant regulatory developments regarding the spot Ethereum ETF occurred today, but a related report from brokerage firm Bernstein received widespread coverage. The company’s analysts predicted a 50% chance that a spot Ethereum ETF would be approved by May, with an almost certain chance that such a fund would be approved within a year. Combined with other similar forecasts over the past few months, this report may have had an impact on investor sentiment and market activity.

There has also been some backlash centered around Ethereum’s ETF prospects. Apollo co-founder Thomas Fahrer suggested Coinbase’s leading role as ETF custodian could undermine Ethereum’s proof-of-stake model by allowing the company to “control the entire network.”

According to data from Dune Analytics, Coinbase currently accounts for approximately 15% of all ETH staking, while Lido, another staking platform, accounts for over 31%. Since it is unknown how much cryptocurrency could be held in the spot ETH ETF, it is unclear whether Coinbase could gain control by holding funds on behalf of that ETF. It is also unclear whether the SEC will allow staking of ETH held in Ethereum spot ETFs, although some applicants are aiming to do so.

In addition to these ETF prospects, there are significant expectations for Ethereum’s Dencun upgrade scheduled for March 13th. The upgrade specifically includes proto-danksharding, a feature expected to improve ETH transaction costs and scalability.

Ethereum market data

At press time February 19, 2024, 10:39 PM (UTC)Ethereum is 2nd in market capitalization and its price is consolation 2.69% In the last 24 hours. Ethereum’s market capitalization is $356.82 billion With 24-hour trading volume 15.44 billion dollars. Learn more about Ethereum ›

Cryptocurrency Market Summary

At press time February 19, 2024, 10:39 PM (UTC)The overall cryptocurrency market is worth: $1.99 trillion with 24 hour volume 68.83 billion dollars. Current Bitcoin dominance is 51.35%. Learn more about cryptocurrency markets ›

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Next chapter of ecosystem support program

August 31, 2025

Kindly, MD’s $ 5B Bitcoin Play comes as DATS raises fear of wider Altcoin fluidity.

August 27, 2025

Bitcoin News Today: Ether (ETH) is 5K $ 5K and BTC Eyes is recorded as Powell Sparks Rally. DAT transaction risk: Be careful with asset managers

August 23, 2025
Add A Comment

Comments are closed.

Recent Posts

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025
Most Popular

‘We’re still here, we’re still building’: Kadena Chief Business Officer discusses once-hot blockchain revitalization

October 11, 2024

erπ Announcement: Ethereum on Raspberry Pi Program

May 8, 2024

Bitcoin drop caused $ 500 million -liquidation -Doge and ADA struck.

May 13, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.