Grayscale Ethereum Spot ETF Delayed To Jan 25, 2024

Grayscale Ethereum Spot ETF delayed by the SEC again, extending the deadline to January 25, 2024. Grayscale Ethereum Trust is the largest Ethereum investment vehicle globally, representing 2.5% of all circulating ETH.

Timeline of Ethereum

Societe Generale (OTCMKTS: SCGLY) announced the issuance of its first-ever digital green bond on the Ethereum public blockchain in the form of a Security Token. What Happened: SG-Forge, Société's subsidiary, registered the bond worth around $11 million, and it went live on Nov. 30, 2023.

After five years, a dormant ether (ETH) wallet was activated, transferring approximately $90 million worth of ETH to the cryptocurrency exchange Kraken. This movement was detected early Tuesday by the on-chain analytics tool Lookonchain.

A closely followed crypto analyst is outlining his next Ethereum (ETH) price target, saying that the top altcoin has more potential to expand, while updating his outlook on Bitcoin (BTC).

Société Générale (SocGen), France's third-largest listed bank, made its foray into blockchain-based financial solutions by issuing its first digital green bond — amounting to €10 million — on a public blockchain, as per a Dec. 4 press release.

A crypto analyst has explained how the range around $2,000 could become a major Ethereum support base for years, making it not too late to buy ETH right now. 43.8 Million Ethereum Was Acquired Between $1,900 And $2,100 In a new post on X, analyst Ali has discussed about why Ethereum could still be worth getting into at this point.

Crypto analysts are suggesting that Ethereum's upward momentum might continue, especially after breaking past the $2,200 resistance. Renowned analyst Ali Martinez highlights a significant observation: a considerable volume of 43.8 million ETH tokens were acquired within the $1,900 to $2,100 range by 5.85 million wallets, as per data from IntoTheBlock.

Investors seem content with the current performance of major cryptocurrencies led by prominent assets like Bitcoin and Ethereum. Other leading altcoins have not been sidelined, including tokens like Solana, Cardano, Chainlink, Avalanche, Polygon, and more.

Ethereum has seen its price substantially soar past the $2,000 threshold. This milestone is a significant psychological level for traders and enthusiasts alike, signaling a continuation of the bullish trend for the world's second-largest cryptocurrency by market cap.

Ethereum has exploded past $2,200 after 43.8 million ETH were recently scooped up between $1,900-$2,100, leading analysts to predict this zone will become the new price floor as Ethereum surges towards $2,600 next

The world's second-largest cryptocurrency Ethereum (ETH) joins the Bitcoin market rally past $40,000. At press time, ETH is trading 2.54% up at a price of $2,212 with a market cap of $266 billion.