Ethereum

Daily

<p><span style="font-weight: 400;">The Ethereum price </span><a href="https://www.coingecko.com/en/coins/ethereum" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">rose</span></a><span style="font-weight: 400;"> slightly over the past 24 hours to trade at $2,220.66 as of 12:30 a.m. EST.</span></p>
<h2 id="span-style-font-weight-400-sec-delays-decision-on-grayscale-s-eth-etf-again-span"><span style="font-weight: 400;">SEC Delays Decision On Grayscale’s ETH ETF Again&nbsp;</span></h2>
<p><span style="font-weight: 400;">But the U.S. Securities and Exchange Commission (SEC) has once again </span><a href="https://www.sec.gov/files/rules/sro/nysearca/2024/34-99428.pdf" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">delayed</span></a><span style="font-weight: 400;"> its decision timeline for a proposal from Grayscale Investments for a spot Ethereum ETF (exchange-traded fund). This is after the SEC first delayed its decision on the proposal on Dec. 5.&nbsp;</span></p>
<p><span style="font-weight: 400;">The regulator questioned whether Ethereum’s proof of stake mechanism and “concentration of control or influence by a few individuals or entities” could leave the fund susceptible to fraud and manipulation.&nbsp;</span></p>
<h2 id="span-style-font-weight-400-the-ethereum-price-prints-another-higher-low-span"><span style="font-weight: 400;">The Ethereum Price Prints Another Higher Low</span></h2>
<p><img decoding="async" src="https://s3.tradingview.com/snapshots/7/7aRXkny4.png" alt="TradingView Chart"></p>
<p><span style="font-weight: 400;">Daily chart for ETH/USDT (Source: </span><a href="https://www.tradingview.com/x/7aRXkny4/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">TradingView</span></a><span style="font-weight: 400;">)</span></p>
<p><span style="font-weight: 400;">The </span><a href="https://insidebitcoins.com/news/ethereum-is-rallying-while-bitcoin-slips-hedera-and-rebel-satoshi-rblz-on-the-radar-of-major-investors" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Ethereum</span></a><span style="font-weight: 400;"> price dropped below the $2,295 support level in the past couple of days after it dropped out of a descending price channel. Bulls were able to prevent ETH from falling to the $2,130 mark, resulting in a new higher low. This is a continuation of a medium-term positive trend line that has emerged on the altcoin leader’s charts.</span></p>
<p><span style="font-weight: 400;">The Ethereum price may enter into an upward move in the coming few days as it rebounds from the positive trend line. Should this bullish thesis play out, </span><a href="https://insidebitcoins.com/news/ethereum-price-prediction-sec-delays-decision-on-the-blackrock-ethereum-etf-until-march-as-investors-turn-to-this-new-green-crypto-for-10x-potential-gains" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">ETH</span></a><span style="font-weight: 400;"> may soon reclaim the $2,295 support.</span></p>
<p><span style="font-weight: 400;"> Continued buy pressure may then elevate the altcoin leader’s value to above the negative price channel. This will give the Ethereum price some room to breathe, which could allow it to flip the resistance level at $2,440 into support before potentially rising to as high as $2,685. This bullish thesis may be invalidated if ETH falls below the positive trend line.</span></p>
<h2 id="span-style-font-weight-400-the-ethereum-price-may-start-to-climb-soon-span"><span style="font-weight: 400;">The Ethereum Price May Start To Climb Soon</span></h2>
<p><span style="font-weight: 400;">Technical indicators on </span><a href="https://insidebitcoins.com/news/ethereum-price-prediction-goldman-sachs-bets-on-ethereum-etf-approvals-but-investors-look-to-this-underdog-ico-for-explosive-gains" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">ETH’s</span></a><span style="font-weight: 400;"> daily chart show the sell pressure that led to the Ethereum price’s strong drop is cooling down. The Moving Average Convergence Divergence (MACD) suggests the altcoin’s bearish trend has come to an end, as the gradient of the MACD Histogram has leveled off. Buyers also seem to be attempting to make a comeback.&nbsp;</span></p>
<p><span style="font-weight: 400;">This is indicated by the narrowing gap between the Relative Strength Index (RSI) line and the RSI Simple Moving Average (SMA) line. ETH’s upside potential is also greater than its downside potential, given the RSI is positioned in oversold territory. Buyers may identify these technical flags as a long entry, leading to the Ethereum price climbing in upcoming days.</span></p>
<p><span style="font-weight: 400;">While the Ethereum price looks to climb soon, traders are flocking to the eTukTuk presale due to its potential to return 10x profits as it tackles global carbon emissions head on.</span></p>
<h2 id="span-style-font-weight-400-propelling-the-global-transition-to-electric-vehicles-span"><span style="font-weight: 400;">Propelling The Global Transition To Electric Vehicles</span></h2>
<p><iframe title="eTukTuk Powering the Future of Electric Vehicles - New 10x Potential Cryptocurrency?" width="640" height="360" src="https://www.youtube.com/embed/W8gjq8Vum9I?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p><a href="https://insidebitcoins.com/visit/etuktuk" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">eTukTuk</span></a><span style="font-weight: 400;"> introduces environmentally friendly transportation options through the combination of blockchain and AI technology, with the aim to reduce global carbon emissions. At the heart of the ecosystem is the project’s eTukTuk electric vehicle (EV). </span></p>
<p><span style="font-weight: 400;">This specific mode of transportation was chosen due to the popularity of its fossil fuel-powered counterpart in developing countries such as Sri Lanka and India.&nbsp;</span></p>
<p><span style="font-weight: 400;">eTukTuk’s strategic decision to appeal to residents in third-world countries has opened up access to a vast user base. To soften the blow to nations which may not have first-world budgets, each of the project’s eTukTuk EVs can be produced locally using less than 200 parts. </span></p>
<p><span style="font-weight: 400;">This dramatically reduces the adoption cost for nations looking to roll out the mini taxi.</span></p>
<h2 id="span-style-font-weight-400-powering-transportation-across-the-globe-span"><span style="font-weight: 400;">Powering Transportation Across The Globe</span></h2>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">"The three-wheeler EV design from eTukTuk is ushering in a new EV sector that experts believe will grow to become the largest by 2030." – <a href="https://twitter.com/cryptonews?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@cryptonews</a></p>
 <p>Read more here: <a href="https://t.co/riLOMRjwgL" rel="noopener noreferrer nofollow">https://t.co/riLOMRjwgL</a></p>
 <p>— eTukTuk (@eTukTukio) <a href="https://twitter.com/eTukTukio/status/1742565950573236403?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 3, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">eTukTuk is powering the future of transportation and eradicating CO2-related health conditions through its innovative electric vehicle charging infrastructure (EVSE). Its EVs will then enable the seamless transition to a greener global transportation industry. </span></p>
<p><span style="font-weight: 400;">This will not only reduce the number of internal combustion engines, which include the 270 million TukTuks world wide, but will also provide a cheaper solution to TukTuk drivers who are at the mercy of increasing combustion fuel prices.&nbsp;</span></p>
<p><span style="font-weight: 400;">eTukTuk’s</span><span style="font-weight: 400;"> presale has already raised more than $500,000 and is gaining momentum. The project’s native token is selling for $0.026 and can be purchased on the project’s website using either Binance Coin (BNB), Tether (USDT) or bank card</span></p>
<p><span style="font-weight: 400;">Investors may want to hurry, as the project’s appeal to third-world nations and its innovative energy infrastructure make it a very promising project with 10x potential for early stage investors. And there’s less than five days to a price hike.</span></p>
<p>Visit and buy eTukTuk <a href="https://insidebitcoins.com/visit/etuktuk" rel="noopener noreferrer nofollow">here</a>.</p>
<h3 id="span-style-font-weight-400-related-articles-span"><span style="font-weight: 400;">Related Articles:</span></h3>
<ul>
 <li style="font-weight: 400;" aria-level="1"><a href="https://www.linkedin.com/pulse/best-meme-coins-invest-top-picks-exponential-gains-calsona-iorle/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Best Meme Coins to Invest in: Top Picks for Exponential Gains!</span></a></li>
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/colorado-pastor-says-he-may-have-misheard-gods-instructions-after-starting-crypto-project-that-lost-investors-millions" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Colorado Pastor Says He May Have “Misheard” God’s Instructions After Starting Crypto Project That Lost Investors Millions</span></a></li>
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/top-trending-crypto-coins-on-dextools-taopad-virtual-versions-satoshivm" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Top Trending Crypto Coins on DEXTools – Taopad, Virtual Versions, SatoshiVM</span></a></li>
</ul>
<div class="inContentProviderSingle inContentColor--insidebitcoins fc-row">
 <div class="inContentProviderSingle--wrapper">
  <div class="container">
   <div class="row mb-lg-3">
    <div class="col-12 col-md-8">
     <p class="inContentProviderSingle--title">New Crypto Mining Platform - Bitcoin Minetrix</p>
    </div>
    <div class="col-12 col-md-4">
     <div class="inContentProviderSingle--rating">
      <div class="rating--holder">
       <p class="rating--text">Rating</p>
       <div class="rating--star-container">
        <div class="rating--star" style="width: 100%;"></div>
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="row">
    <div class="col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none"><img decoding="async" class="inContentProviderSingle--img mb-3" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60">
    </div>
    <div class="col-12 col-md-8">
     <ul class="inContentProviderSingle--list">
      <li>Audited By Coinsult</li>
      <li>Decentralized, Secure Cloud Mining</li>
      <li>Earn Free Bitcoin Daily</li>
      <li>Native Token On Presale Now - BTCMTX</li>
      <li>Staking Rewards - Over 100% APY</li>
     </ul>
    </div> 
    <div class="col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block"><img decoding="async" class="inContentProviderSingle--img float-right" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60">
    </div>
   </div>
   <div class="row">
    <div class="col-12 text-center">
     <div class="inContentProviderSingle--button"><a href="https://insidebitcoins.com/visit/bitcoinminetrix" title="Start Trading" rel="noopener noreferrer nofollow">Learn More</a>
     </div>
     <div class="inContentProviderSingle--disclaimerText">
     </div>
    </div>
   </div>
  </div>
 </div>
</div>

Ethereum Price Prediction: SEC Delays Decision On The Grayscale Ethereum ETF As Traders Flock To This Electric Vehicle Crypto For Potential ...

Table of Contents

Inside Bitcoins

Other articles published on Jan 26, 2024

Aragon Leadership Change: New CEO Antony Leutenegger Steps In

Massive Liquidation in Bitcoin Wallets! Historical Data Says This Is A Bullish Signal!

Solana launches new token extensions – Here are the details

Ethereum ETF Approval Odds Questioned by Analyst

Remember the Pepe Coin (PEPE) hype? Now the hype is Pushd (PUSHD) new presale token while Ethereu...

BRICS & Bitcoin Predicted to Hinder the US Dollar in 2024

Join our free newsletter for daily crypto updates!