Ethereum

Franklin Templeton’s spot ETF application for Ethereum includes an extra feature: the ability to stake Ethereum. This sets it apart from similar applications from companies like BlackRock and Ark.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Cryptos-Headlines-Token-Airdrop-Is-Live-Claim-Your-Reward-Now-1.png?fit&#61;900%2C200&amp;ssl&#61;1" />Ethereum (ETH), the second-largest cryptocurrency globally, has experienced a significant breakout, with its price rising by 6% and surpassing the $2,600 mark. This surge has contributed to Ethereum’s <a href="https://cryptosheadlines.com/chainlinks-weekly-gains-reach-50-setting-sights-on-15-link-price-target/" rel="noopener noreferrer nofollow">weekly gains</a>, which now stand at over 15%.<h2 id="header-0">Ethereum’s Price Rally and Outlook</h2><a href="https://cryptosheadlines.com/analyst-predicts-ethereum-price-before-bitcoin-halving/" rel="noopener noreferrer nofollow">Analysts are optimistic about Ethereum’s price</a> trajectory in 2024, especially after its recent breakout, which has set the stage for a potential climb to $3,500.Since June 2022, Ethereum’s price has been steadily increasing, marked by the formation of two higher lows indicated by green icons on the charts. The pace of this upward movement accelerated following each of these low points.In November 2023, Ethereum’s price broke through a long-standing horizontal resistance level. This breakthrough resulted in a peak of $2,717 in January 2024, surpassing the 0.382 Fibonacci retracement resistance level.Although there was a brief decline afterward, Ethereum managed to rise above the Fibonacci resistance last week, although it has not yet reached a new yearly high. The weekly Relative Strength Index (RSI) provides a mixed signal, with a reading above 50 and an <a href="https://cryptosheadlines.com/upward-trends-predicted-for-sol-ada-near-link-cryptos/" rel="noopener noreferrer nofollow">upward trend</a> indicating an advantage for bulls, while a reading below 50 suggests the opposite.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />The recent breakout in Ethereum’s price indicates that the accumulation phase of the bear market may be over, potentially signaling a move towards higher price levels in the near future.<a href="https://cryptosheadlines.com/zetachains-zeta-token-surges-in-crypto-market-attention/" rel="noopener noreferrer nofollow">Also Read: ZetaChain&#39;s ZETA Token Surges in Crypto Market Attention</a><h3 id="rise-of-spot-ethereum-etfs-franklin-templeton-joins-the-push">Rise of Spot Ethereum ETFs: Franklin Templeton Joins the Push</h3>Despite the Securities and Exchange Commission (SEC) showing no inclination towards <a href="https://cryptosheadlines.com/bloombergs-timeline-for-spot-ethereum-etf-approval/" rel="noopener noreferrer nofollow">approving a spot Ethereum ETF</a>, major financial institutions are persisting in their efforts. On Monday, February 12, Franklin Templeton entered the fray by filing for a spot Ether ETF, joining industry leaders like BlackRock and Ark Invest.<a href="https://cryptosheadlines.com/franklin-templetons-bullish-post-excites-bitcoin-etf-community/" rel="noopener noreferrer nofollow">Franklin Templeton’s</a> filing reveals their intent to provide an investment option similar to direct Ethereum investments. Their ETF aims to streamline the process of buying, holding, and trading digital assets across various platforms. Notably, their proposed ETF includes staking functionality, allowing the fund to earn rewards by participating in the network’s consensus mechanism.<h3 id="ethereum-staking-participation-and-rates">Ethereum Staking Participation and Rates</h3>In a recent update, Ethereum staking has experienced a notable increase, surpassing 25% participation. This uptick in involvement is expected to bolster the security of the <a href="https://cryptosheadlines.com/trons-trx-token-launched-on-ethereum-blockchain-price-surge-12/" rel="noopener noreferrer nofollow">Ethereum blockchain</a> network.However, despite the growing participation, Ethereum staking rates have been somewhat underwhelming, hovering around 3.5-4%. In comparison, the safest investment option, the 1-year U.S. Treasury note, offers higher returns than this.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Ethereum Price Aims for $3500 with Franklin Templeton’s Spot ETF Application

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