NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Faces Downgrade By S&P Global Amid Concerns Over Disclosure And Assets Holdings
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Faces Downgrade By S&P Global Amid Concerns Over Disclosure And Assets Holdings

Ethereum/Bitcoin Futures Ratio Launch Could Threaten ETH Price? Expert Forecasts

Reynaldo Marquez
Reynaldo Marquez
Last Updated: June 30, 2023 2:00 am
2 mins read
Ethereum ETH ETHUSDT

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The two largest cryptocurrencies by market capitalization, Ethereum and Bitcoin, slowed down on their rally. Following a surge above critical resistance, the cryptocurrencies could retrace and return to critical support levels.

Related Reading

Cardano

Cardano Shows Signs of Recovery: When Will it Reach $0.30?

2 years ago

As of this writing, Ethereum (ETH) trades at $1,840 with sideways movement in the last 24 hours. Over the past week, ETH has recorded a 2% loss except for Bitcoin (BTC) and Solana (SOL), the crypto top 10 by market cap trades in the red.

Ethereum ETH ETHUSDT
ETH’s price trends to the downside on the daily chart. Source: ETHUSDT Tradingview

Trouble Ahead For Ethereum?

Earlier today, the Chicago Mercantile Exchange (CME) announced the launch of a new product. The platform will roll out an Ethereum (ETH/USD) to Bitcoin (BTC/USD) ratio futures contract.

The financial product will follow the price of these cryptocurrencies and their correlation. In that way, traders can gain exposure to both cryptocurrencies by holding a single futures contract.

According to an official announcement, The product aims to create more opportunities for traders in the nascent industry. However, in the short term, the CME launch hints at a potential downside for the two largest assets in the crypto market.

CME Product Could Trigger This Effect

In the past, whenever the CME rolled out a Bitcoin or Ethereum-based contract, the price of either asset trended to the downside. A pseudonym analyst forecasted issues for ETH and BTC, probably driven by a “buy the rumor, sell the news” effect.

Via Twitter, the analyst stated, reacting to the news:

If this has an effect similar to the $BTC & $ETH futures back in the day then the release of this instrument could form a pivot for the ETH/BTC pair. Maybe more down into the release and then a reversal around the end of July? Let’s see.

In response to the forecast, another analyst stated that a “buy the rumor, sell the news effect” will cause ETH’s price to rally into the event. Therefore, ETH could profit as the CME prepares to roll out their new contracts and anticipation around the spot Bitcoin Exchange Traded Funds (ETFs) applications continues.

Related Reading

Bitcoin

Bitcoin Bulls Battle Against Miners’ $128 Million Move: Is The Bull Run In Danger?

1 year ago

The analyst stated:

Wouldn’t make more sense a buy the rumor, sell the news event? So we pump before end of July Everything is exhausted right now. If BTC pumps through resistance, maybe ETH could catch up.

Cover image from Unsplash, chart from Tradingview

Tweet123Share196ShareSend
Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum price news

Ethereum Is 58% ‘Undervalued’ Based On Intrinsic Metrics, Says Hashed CEO

Ethereum is trading far below its modeled “intrinsic value,” according to a live valuation dashboard launched by Hashed CEO Simon...

Jake Simmons 15 hours ago
ETH, ether, Ethereum

Ethereum’s End-Of-Year Rally Still At Play? Analysts Eye 50% December Jump

Ethereum (ETH) is attempting to bounce from the market’s Q4 correction, retesting the $3,000 barrier once again. As we approach...

Rubmar Garcia 21 hours ago
ethereum-gas-limit-upgrade-vitalik-foresees-5x-raise-by-2026

以太坊 Gas 上限大幅調升 V神預告 2026 再漲 5 倍與交易成本新變化

以太坊在 2025 年底迎來一項被社群喻為「鏈級變革」的升級:Gas 上限正式提高,區塊可承載的交易量再度放大,使整體網路吞吐能力明顯提升。這項調整並非孤立事件,而是新一輪以太坊性能演化的開端。Vit...

Ter Yim 23 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Top Analyst Unveils Ethereum (ETH) December Trajectory: 150% Surge On The Horizon?

Ronaldo Marquez 3 hours ago
Ethereum Price Consolidates Below Resistance

Ethereum Trades Steady at $3K as Market Eyes Imminent Volatility Shift

Aayush Jindal 5 hours ago
Carte EtherFi : 3 % de cashback et carte Visa non-custodial pour payer en crypto.

Carte EtherFi : 3 % de cashback et carte Visa non-custodial

guillaumev 11 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後:1ドル到達の可能性は残るが、注目を集めるのは新しい仮想通貨

    ドージコイン...

    17 hours ago
  • リップル 今後:21SharesのXRP ETF「TOXR」が金曜に上場予定──XRPはついに3ドル突破なるか

    リップル 今後:21SharesのXRP...

    17 hours ago
  • 仮想通貨 プレセール:ムーンペイのNYライセンス取得で、次世代のL2とマイン型トークンが2026年上昇へ動き出す

    仮想通貨...

    17 hours ago
  • 仮想通貨 おすすめ:ヘイズ氏が語るビットコイン回復予測と注目される代替資産

    仮想通貨...

    18 hours ago
  • 新しい仮想通貨:バーチャル採掘リグを構築して$PEPEを獲得できる次世代型プレセール

    ...

    18 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.