Thursday, July 3, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Art Blocks’ PostParams Enable a New Medium for Generative Art

    Art Blocks’ PostParams Enable a New Medium for Generative Art

    Researchers Use AI to Reconstruct 3,000-Year-Old Babylonian Hymn

    Researchers Use AI to Reconstruct 3,000-Year-Old Babylonian Hymn

    Ubisoft Adds AI Agents to ‘Captain Laserhawk’ Game That Vote and Govern

    Ubisoft Adds AI Agents to ‘Captain Laserhawk’ Game That Vote and Govern

    ArDrive Partners with NFT.NYC to Permanently Store Digital Art on Arweave

    ArDrive Partners with NFT.NYC to Permanently Store Digital Art on Arweave

    CryptoPunk and Azuki Lead Pack of Top NFT Sales in June 2025

    CryptoPunk and Azuki Lead Pack of Top NFT Sales in June 2025

    Hela Labs Partners Arcane Vault to Redefine Multi-Chain NFT Network

    Hela Labs Partners Arcane Vault to Redefine Multi-Chain NFT Network

    Top 10 Upcoming NFT Collections to Watch in July 2025

    Top 10 Upcoming NFT Collections to Watch in July 2025

    The Next Big BTC Innovation After Ordinals and Runes?

    The Next Big BTC Innovation After Ordinals and Runes?

    Guild of Guardians and Courtyard Lead Weekly NFT Sales as Top Collections Surge

    Guild of Guardians and Courtyard Lead Weekly NFT Sales as Top Collections Surge

  • Gaming
    Moku Chief Business Officer shares why crypto gaming is broken — and how to fix it

    Moku Chief Business Officer shares why crypto gaming is broken — and how to fix it

    SCOR on Sweet Drops ‘Flappy Racquet’ Featuring Top Tennis Pros for Wimbledon

    SCOR on Sweet Drops ‘Flappy Racquet’ Featuring Top Tennis Pros for Wimbledon

    Wimbledon Stars Lead ‘Flappy Racquet’ Telegram Game Ahead of SCOR Token Launch

    Wimbledon Stars Lead ‘Flappy Racquet’ Telegram Game Ahead of SCOR Token Launch

    Complete Guide to the Web3 Strategy Game

    Complete Guide to the Web3 Strategy Game

    From Static Credentials to Smart Identity: The Potential of AI-Driven NFTs

    From Static Credentials to Smart Identity: The Potential of AI-Driven NFTs

    What’s Next for ‘MapleStory Universe’? More Ways to Play

    What’s Next for ‘MapleStory Universe’? More Ways to Play

    MattleFun Integrates Adventure Layer’s Gaming L2 Solution to Power Advanced Web3 Gaming Experience

    MattleFun Integrates Adventure Layer’s Gaming L2 Solution to Power Advanced Web3 Gaming Experience

    What the Rise and Fall of NFT Games Can Teach Us

    What the Rise and Fall of NFT Games Can Teach Us

    The Lords of Light’ Shutting Down, ‘Eve Frontier’ Trial

    The Lords of Light’ Shutting Down, ‘Eve Frontier’ Trial

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    A Full Comparison of Layer 2 Solutions

    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

    A Full Comparison of Layer 2 Solutions

    A Full Comparison of Layer 2 Solutions

    What are Optimistic Rollups? How They Work and Why They Matter

    What are Optimistic Rollups? How They Work and Why They Matter

    What Are ZK Rollups? How They Work and Why They Matter

    What Are ZK Rollups? How They Work and Why They Matter

    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Art Blocks’ PostParams Enable a New Medium for Generative Art

    Art Blocks’ PostParams Enable a New Medium for Generative Art

    Researchers Use AI to Reconstruct 3,000-Year-Old Babylonian Hymn

    Researchers Use AI to Reconstruct 3,000-Year-Old Babylonian Hymn

    Ubisoft Adds AI Agents to ‘Captain Laserhawk’ Game That Vote and Govern

    Ubisoft Adds AI Agents to ‘Captain Laserhawk’ Game That Vote and Govern

    ArDrive Partners with NFT.NYC to Permanently Store Digital Art on Arweave

    ArDrive Partners with NFT.NYC to Permanently Store Digital Art on Arweave

    CryptoPunk and Azuki Lead Pack of Top NFT Sales in June 2025

    CryptoPunk and Azuki Lead Pack of Top NFT Sales in June 2025

    Hela Labs Partners Arcane Vault to Redefine Multi-Chain NFT Network

    Hela Labs Partners Arcane Vault to Redefine Multi-Chain NFT Network

    Top 10 Upcoming NFT Collections to Watch in July 2025

    Top 10 Upcoming NFT Collections to Watch in July 2025

    The Next Big BTC Innovation After Ordinals and Runes?

    The Next Big BTC Innovation After Ordinals and Runes?

    Guild of Guardians and Courtyard Lead Weekly NFT Sales as Top Collections Surge

    Guild of Guardians and Courtyard Lead Weekly NFT Sales as Top Collections Surge

  • Gaming
    Moku Chief Business Officer shares why crypto gaming is broken — and how to fix it

    Moku Chief Business Officer shares why crypto gaming is broken — and how to fix it

    SCOR on Sweet Drops ‘Flappy Racquet’ Featuring Top Tennis Pros for Wimbledon

    SCOR on Sweet Drops ‘Flappy Racquet’ Featuring Top Tennis Pros for Wimbledon

    Wimbledon Stars Lead ‘Flappy Racquet’ Telegram Game Ahead of SCOR Token Launch

    Wimbledon Stars Lead ‘Flappy Racquet’ Telegram Game Ahead of SCOR Token Launch

    Complete Guide to the Web3 Strategy Game

    Complete Guide to the Web3 Strategy Game

    From Static Credentials to Smart Identity: The Potential of AI-Driven NFTs

    From Static Credentials to Smart Identity: The Potential of AI-Driven NFTs

    What’s Next for ‘MapleStory Universe’? More Ways to Play

    What’s Next for ‘MapleStory Universe’? More Ways to Play

    MattleFun Integrates Adventure Layer’s Gaming L2 Solution to Power Advanced Web3 Gaming Experience

    MattleFun Integrates Adventure Layer’s Gaming L2 Solution to Power Advanced Web3 Gaming Experience

    What the Rise and Fall of NFT Games Can Teach Us

    What the Rise and Fall of NFT Games Can Teach Us

    The Lords of Light’ Shutting Down, ‘Eve Frontier’ Trial

    The Lords of Light’ Shutting Down, ‘Eve Frontier’ Trial

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    A Full Comparison of Layer 2 Solutions

    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

    A Full Comparison of Layer 2 Solutions

    A Full Comparison of Layer 2 Solutions

    What are Optimistic Rollups? How They Work and Why They Matter

    What are Optimistic Rollups? How They Work and Why They Matter

    What Are ZK Rollups? How They Work and Why They Matter

    What Are ZK Rollups? How They Work and Why They Matter

    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Ethereum

Ethereum: Hong Kong spot ETFs fail to impress, what next for ETH?

May 1, 2024
in Ethereum
13
Ethereum: Hong Kong spot ETFs fail to impress, what next for ETH?
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • ETH was down 3.2% in the 24-hour period at press time.
  • Derivatives market has been bearish on the coin for the last 2-3 days.

World’s second-largest cryptocurrency Ethereum [ETH] trended lower since the listing of first-ever crypto spot exchange-traded funds (ETFs) in Hong Kong.

According to CoinMarketCap, ETH rose to $3,250 shortly before the funds started trading on the Hong Kong Stock Exchange (HKEX) – the city’s bourse.

However, the stiff resistance pushed the digital currency back, causing it to fall to $3,020 as of this writing, a 3.2% drop in the 24-hour period.

Well-known technical analyst and trader Ali Martinez had talked about the significance of $3,200 as an important resistance level for ETH recently.

As many as 2.43 million addresses had acquired 5.14 million ETH at this level. Hence, overcoming this “brick wall” was critical for a sustained rally.

Spot ETFs start on a dull note

Three spot Ether ETFs, along with three Bitcoin [BTC] spot ETFs, debuted in Hong Kong, a city which has been vying to project itself as the next crypto hub.

However, the shares of all the three ETFs tied to ETH closed lower, according to AMBCrypto’s analysis of HKEX data, as trading volumes failed to pick up. This, in turn, might have influenced sentiment towards the cryptocurrency, causing it to drop.

Speculative market bets against ETH’s rise

As ETH dipped in the spot market, ripples were felt in the derivatives sector as well. The Open Interest (OI) in ETH futures plunged 4.5% in the last 24 hours, as per AMBCrypto’s analysis of Coinglass’ data.

ETH futures Open Interest

Source: Coinglass


Is your portfolio green? Check out the ETH Profit Calculator

See also  Crypto Pundit Predicts Ethereum Price Rise To $3,000, But A Crash Could Happen First

It looked as if the derivatives market had sensed a poor opening day for Hong Kong Ether ETFs. The number of traders shorting the crypto against those who were taking long positions has been rising in the last 2-3 days, as per Longs/Shorts Ratio.

As of this writing, nearly 53% of participants were bearish on the coin.

ETH Long and Short Ratio

Source: Coinglass

Next: BREAKING: Binance founder ‘CZ’ sentenced to four months in prison

READ ALSO

Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

  • ETH was down 3.2% in the 24-hour period at press time.
  • Derivatives market has been bearish on the coin for the last 2-3 days.

World’s second-largest cryptocurrency Ethereum [ETH] trended lower since the listing of first-ever crypto spot exchange-traded funds (ETFs) in Hong Kong.

According to CoinMarketCap, ETH rose to $3,250 shortly before the funds started trading on the Hong Kong Stock Exchange (HKEX) – the city’s bourse.

However, the stiff resistance pushed the digital currency back, causing it to fall to $3,020 as of this writing, a 3.2% drop in the 24-hour period.

Well-known technical analyst and trader Ali Martinez had talked about the significance of $3,200 as an important resistance level for ETH recently.

As many as 2.43 million addresses had acquired 5.14 million ETH at this level. Hence, overcoming this “brick wall” was critical for a sustained rally.

Spot ETFs start on a dull note

Three spot Ether ETFs, along with three Bitcoin [BTC] spot ETFs, debuted in Hong Kong, a city which has been vying to project itself as the next crypto hub.

See also  Crypto VC: Ethereum is the ‘simplest, safest 3X’ opportunity now

However, the shares of all the three ETFs tied to ETH closed lower, according to AMBCrypto’s analysis of HKEX data, as trading volumes failed to pick up. This, in turn, might have influenced sentiment towards the cryptocurrency, causing it to drop.

Speculative market bets against ETH’s rise

As ETH dipped in the spot market, ripples were felt in the derivatives sector as well. The Open Interest (OI) in ETH futures plunged 4.5% in the last 24 hours, as per AMBCrypto’s analysis of Coinglass’ data.

ETH futures Open Interest

Source: Coinglass


Is your portfolio green? Check out the ETH Profit Calculator


It looked as if the derivatives market had sensed a poor opening day for Hong Kong Ether ETFs. The number of traders shorting the crypto against those who were taking long positions has been rising in the last 2-3 days, as per Longs/Shorts Ratio.

As of this writing, nearly 53% of participants were bearish on the coin.

ETH Long and Short Ratio

Source: Coinglass

Next: BREAKING: Binance founder ‘CZ’ sentenced to four months in prison
Tags: ETFsETHEthereumFailHongImpressKongspot

Related Posts

Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again?
Ethereum

Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

May 17, 2025
Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K
Ethereum

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

May 17, 2025
Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again?
Ethereum

Ethereum Multi-Year Consolidation Could Spark A Parabolic Move – Details

May 16, 2025
Ethereum rallies, Bitcoin stalls: Is capital rotation reshaping the crypto landscape?
Ethereum

Ethereum rallies, Bitcoin stalls: Is capital rotation reshaping the crypto landscape?

May 16, 2025
Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again?
Ethereum

Ethereum Breaks Above Key Realized Price Zones—What It Means for ETH

May 16, 2025
Blockchain-focused BTCS Inc. to raise $57.8M for Ethereum buys – Impact on ETH?
Ethereum

Blockchain-focused BTCS Inc. to raise $57.8M for Ethereum buys – Impact on ETH?

May 16, 2025
Next Post
Binance, Polygon lead in this area, but struggle in others – why?

Binance, Polygon lead in this area, but struggle in others - why?

Comments 13

  1. gzzvu says:
    4 weeks ago

    how much does clomid cost without insurance how to get cheap clomiphene pill cost of clomiphene without insurance where to buy cheap clomid can i order cheap clomid pills can i purchase generic clomiphene without rx how to buy clomiphene without prescription

    Reply
  2. cialis generic cheapest says:
    3 weeks ago

    More articles like this would remedy the blogosphere richer.

    Reply
  3. flagyl online order says:
    3 weeks ago

    I’ll certainly return to skim more.

    Reply
  4. d3qm5 says:
    3 weeks ago

    buy azithromycin 250mg pills – metronidazole 400mg cost buy flagyl 400mg pills

    Reply
  5. e6w8a says:
    3 weeks ago

    order semaglutide 14mg pills – order periactin online cheap buy cyproheptadine 4mg without prescription

    Reply
  6. bhc48 says:
    2 weeks ago

    buy domperidone for sale – order domperidone 10mg generic order cyclobenzaprine for sale

    Reply
  7. vd296 says:
    2 weeks ago

    inderal us – buy clopidogrel pills methotrexate 5mg without prescription

    Reply
  8. 3ixxh says:
    1 week ago

    buy clavulanate pills – https://atbioinfo.com/ how to buy acillin

    Reply
  9. p6bmm says:
    7 days ago

    nexium generic – anexamate buy nexium 40mg pills

    Reply
  10. w2x7m says:
    5 days ago

    medex without prescription – https://coumamide.com/ cozaar 50mg without prescription

    Reply
  11. dt9hb says:
    3 days ago

    where can i buy meloxicam – tenderness buy meloxicam without a prescription

    Reply
  12. wiudj says:
    1 day ago

    prednisone 10mg without prescription – https://apreplson.com/ order prednisone 40mg

    Reply
  13. h5lhm says:
    5 hours ago

    causes of erectile dysfunction – fastedtotake.com medicine erectile dysfunction

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Electronic Weighing Machines Market to Reach USD 6.66 Billion by 2030, Growing at an 8.2% CAGR

Electronic Weighing Machines Market to Reach USD 6.66 Billion by 2030, Growing at an 8.2% CAGR

February 19, 2025
Is Ethereum’s price bottom in sight? Key data points to…

Is Ethereum’s price bottom in sight? Key data points to…

April 10, 2025
Decoding the Crypto Fear and Greed Index: Is THIS a buy signal?

Rising Ethereum fees not a concern for users – Here’s why

September 28, 2024
Galxe launches Identity Protocol to boost user control, privacy

Galxe launches Identity Protocol to boost user control, privacy

April 14, 2024

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • Moku Chief Business Officer shares why crypto gaming is broken — and how to fix it
  • Art Blocks’ PostParams Enable a New Medium for Generative Art
  • CleanSpark’s Tennessee expansion boosts stock 11% amid local unrest

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.