BloFin’s Griffin Ardern said that options traders may purchase ETH in the spot/futures market to hedge short positions in call options, thus adding to the bullish momentum.

Recommended reading this evening: 1. Founder of Pantera Capital: How soon will there be a strong bull market in the future? ;2. How do funds flow in Bitcoin, Ethereum and altcoins? ;3. 12 thoughts on Ethereum L2;

On-chain data and several cryptocurrency analysts indicate that Ethereum price could reach the $5,400 level sometime in 2024.

Analysts predict Bitcoin to surge to $88,000, although the current price is slightly lower, the market remains optimistic. Additionally, Ethereum shows strong performance, but analysts maintain a cautiously optimistic stance regarding the approval of the Ethereum spot ETF.

Eclipse: The first SVM Layer2 to combine Ethereum security, Solana performance, and Celestia DA Narratives.

Analyst warns that Ethereum will likely continue to underperform Bitcoin (BTC) despite the growing hype

Analysis of EigenLayer and LRT rising to $10B TVL and future impact on Ethereum

SEC delays Ethereum ETF decisions again, analysts doubt approval. ETH price dips to $3,150. Grayscale seeks shareholder approval for staking in ETF.

Institutional Bullishness on Ether Surges Pre-Dencun Upgrade, Favoring ETH Over Bitcoin.

Recommended reading this evening: 1. The re-staking track continues to heat up. One article compares the development status of the project; 2. Detailed explanation of the details of the Ethereum Dencun upgrade; 3. Bankless: What is ERC-404? Why is it important? ;