Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
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

The future of EF ecosystem development

July 18, 2025

Tornado cash Roman storms insist on Doj Botched Key Telegram evidence.

July 14, 2025

Trump’s pressure on the Fed pushes 15B to ETF, ‘under positioning’ Bitcoin Bull ‘

July 10, 2025
Add A Comment

Comments are closed.

Recent Posts

FTT increases by 7% as the backpack starts the platform to help victims clear liquidation.

July 21, 2025

Monarq Asset Management Appoints Sam Gaer As CIO To Lead Directional Strategy

July 21, 2025

Little PEPE surpasses $ 4 million in pre -sales, emerging as one of the main memes in 2025.

July 21, 2025

Bitcoin Price $ 123K Explosion -Trader Brace for Brake Out

July 20, 2025

Ether Lee Rium breaks $ 3K with 7,200% of the virus L2 coin eyes.

July 20, 2025

XRP Breaks Through $3.5! DL Mining Launches AI Cloud Mining Contracts, Earning Steady Profits Every Day

July 20, 2025

AAVE gains strength as AAVE dominates defect loans with net deposits of $ 50B or more.

July 19, 2025

As XRP Surges, DLMining Platform Opens New High-yield Cloud Mining Opportunities For Holders

July 19, 2025

Missed Out On Bitcoin At $9999? SIM Mining Cloud Mining Brings You New Opportunities For Wealth!

July 19, 2025

NFT is a rebound -there is a teenage NFTS this week.

July 19, 2025

MultiBank Group To List $MBG Token On Gate.io And MEXC During Official Token Generation Event

July 18, 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

FTT increases by 7% as the backpack starts the platform to help victims clear liquidation.

July 21, 2025

Monarq Asset Management Appoints Sam Gaer As CIO To Lead Directional Strategy

July 21, 2025

Little PEPE surpasses $ 4 million in pre -sales, emerging as one of the main memes in 2025.

July 21, 2025
Most Popular

Terra Luna Classic, LUNC’s Gov module adjusted to prevent spam

September 17, 2024

Hack VC, new venture fund, Eyes web3 closes $150 million for AI startup

February 20, 2024

Traders are hoping that the $60K Bitcoin price will boost momentum in ETH, SUI, TAO, and NOT.

August 12, 2024
  • 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.