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Ether
Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, functioning as a fuel for operations within the network. It serves multiple purposes: as a digital currency, it can be bought, sold, and held as an investment; as a utility token, it's used to pay for transaction fees and computational services on the Ethereum network. Ether is integral to running decentralized applications (dApps) and executing smart contracts on Ethereum, providing the necessary resources for these operations. As Ethereum evolves, especially with upgrades like Ethereum 2.0, Ether's role remains central, facilitating not just transactions but also the broader ecosystem of decentralized finance (DeFi) and various blockchain-based applications.
Ether's Bitcoin Beating Rally Not Just Because of Potential ETF Approval: Bernstein
The amount of ether held on exchanges is at an all-time low of 11%, a sign that more of the cryptocurrency is being locked up for DeFi, the report said.
Bitcoin Tops $54K, May Run Towards $58K as Crypto Rally Resumes
Bitcoin could target $58,000 after the breakout, Swissblock analysts suggested.
Ether ETFs Unlikely to Cause a 'Bubble,' Traders Say
Interest in ether bets rose significantly after the approval of spot bitcoin ETFs in January sparked optimism among ETH traders.
Reddit Discloses Bitcoin and Ether Holdings in IPO Filing
The company also acquired ether and Polygon "as a form of payment for sales of certain virtual goods.”
S&P Global Just Made Ethereum's Centralization Risk a TradFi Concern
Institutional interest in digital assets means that crypto terms such as 'Nakamoto Coefficient' are now mainstream issues.
Ether's $3K Breakout Partly Fueled by Dealer Hedging, Analyst Says
Options dealers likely bought ETH in spot/futures market to hedge their short positions in call options, adding to bullish momentum, BloFin's Griffin Ardern said.
Ether’s Triangle Breakout Could Push It to New All-Time High of $5.2K: Kraken OTC
Ether rose above $3,000 earlier this week, the highest level since April 2022.
Ether Hits $3K for First Time in Nearly 2 Years Amid Rising ETH ETF Excitement
A potential spot ETH ETF approval would boost the second-largest crypto's appeal among more conservative, institutional investors.
Ether's Fundamental Supply Outlook Better Than Bitcoin's, Analyst Says as ETH Tops $2.9K
Ether has rallied 16% in seven days, outperforming bitcoin's 8.5% rise.
Ether Could Be the Next 'Institutional Darling,' Bernstein Says
The second-largest cryptocurrency is probably the only digital asset other than bitcoin likely to get spot ETF approval from the SEC, the report said.
