- Etheruem 2.0 staking is now live on Coinbase for users on the waitlist
- Canada recently approved 3 Ethereum based ETFs
- The weekend began on a high note, fundamentally, for Ethereum
- $2,300 will be the price area to watch during the weekly close
This weekend has kicked off on a high note for Ethereum on a fundamental level. This is despite the crypto-verse being shaken by news of the Turkish Central bank banning cryptocurrencies as a form of payment.
Ethereum 2.0 Staking Now Live on Coinbase
To begin with, the popular crypto exchange of Coinbase announced yesterday, the beginning of Ethereum 2.0 staking for its users who were on the waitlist. Qualified holders of Ethereum on Coinbase stand to earn 6% APR in rewards for their staked ETH. However, the staking of Ethereum is currently unavailable to users in the State of New York.
Moreover, there is no minimum requirement for staking Ethereum on Coinbase. Users can also opt to dedicate a portion of their ETH holdings for staking rather than using their entire bag of Ethereum.
3 Ethereum ETFs Approved in One Day in Canada
Secondly, Canada approved three different Ethereum ETFs. The ETF applications by Purpose Investments, Evolve ETFs and CI Global Asset Management were approved by Canadian regulators thus making them the first Ethereum ETFs in North America.
The three Ethereum ETFs will be available on the Toronto Stock Exchange, giving Canadian investors exposure to Ethereum.
Ethereum Continues to Push Towards $2,500
With respect to price, Ethereum has set a new all-time high of $2,548 – Binance rate. The new ATH was set yesterday and prior to news hitting the internet of Turkey banning cryptocurrencies as a form of payment. Due to the news, Ethereum soon dropped to the $2,300 support area before bouncing back to a local high of $2,495.
At the time of writing, Ethereum is trading at $2,400 with the weekly close once again only a few hours away. Therefore, the aforementioned $2,300 will be a price area to watch as Ethereum attempts to continue on its quest at turning $2,500 into a support zone.
Ray Schuetz received a Masters Degree in computer science from The University of Texas (Austin). Ray has been working as a full-time blockchain consultant for the past 3 years. In his spare time, Ray enjoys writing for EthereumCryptocurrency.com and other crypto news publications.