{"id":137908,"date":"2024-09-25T20:00:39","date_gmt":"2024-09-25T17:00:39","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137908"},"modified":"2024-09-25T17:03:59","modified_gmt":"2024-09-25T14:03:59","slug":"is-ethereums-price-rally-losing-steam","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/is-ethereums-price-rally-losing-steam\/","title":{"rendered":"Is Ethereum’s Price Rally Losing Steam?"},"content":{"rendered":"
With a market cap of $316 billion, it has seen over $15.7 billion in trading volume recently.<\/p>\n
The U.S. Securities and Exchange Commission (SEC) announced<\/a><\/strong> on September 24 that it would postpone its decision on spot Ethereum<\/a><\/strong> ETF options until November 10-11.<\/p>\n This extension, originally due on September 26-27, follows the SEC\u2019s cautious approach in light of regulatory concerns, particularly after it recently approved options for the iShares Bitcoin<\/a><\/strong> Trust.<\/p>\n[reaedmore id=\u201d137883\u2033]\n Following the SEC news, Polymarket\u2019s betting odds show an 85% chance that Ethereum will not achieve a new all-time high (ATH) in 2024, up from 71% a week ago. Only 14% of bettors believe a new ATH is possible this year, with less than 1% anticipating it within the next five days.<\/p>\n After hitting a high of $2,702, Ethereum has been stagnant for about 48 hours, suggesting a balance in market activity. Traders may start to lock in profits, especially with the relative strength index (RSI) indicating overbought conditions, which could lead to increased selling pressure and a potential dip to around $2,500.<\/p>\n","protected":false},"excerpt":{"rendered":" After a 15% rally in the last two weeks, Ethereum (ETH) is now stabilizing between $2,600 and $2,700.<\/p>\n","protected":false},"author":3,"featured_media":35356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-137908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"\n