Ethereum News: PostFinance Bank Launches ETH Staking Service in Collaboration with Sygnum Bank

PostFinance, a Swiss state-owned bank, has taken a significant step in the cryptocurrency space by introducing an Ethereum (ETH) staking service. This new offering allows clients to earn passive income by staking their ETH directly through PostFinance's platforms, in partnership with Sygnum Bank. Staking involves locking up cryptocurrencies to support blockchain operations and security, in return for staking rewards. This development highlights the growing integration of traditional banking services with the cryptocurrency ecosystem, providing clients with more opportunities to engage with digital assets.

PostFinance Bank Introduces ETH Staking Service

PostFinance, a Swiss state-owned bank, has expanded its cryptocurrency services by introducing an Ethereum (ETH) staking feature. This new service allows clients to earn passive income by staking their ETH directly through PostFinance's platforms, in collaboration with Sygnum Bank. Staking involves locking up cryptocurrencies to support blockchain operations and security, in return for staking rewards. This move marks a significant development in the integration of traditional banking services with cryptocurrency functionalities, with plans to extend staking services to other cryptocurrencies in the future.

Ethereum (ETH) Price Prediction For January 17

Ethereum (ETH) has shown resilience in the market, currently trading around $3,418, marking a 2.77% increase from the previous day. The cryptocurrency reached a high of $3,432 and a low of $3,264 within the day. Over the past week, Ethereum has gained nearly 5%, despite a 13% decline over the last month. Year-over-year, Ethereum has surged by over 35%, demonstrating significant growth amidst market volatility. Technical analysis suggests a bullish trend as Ethereum trades above its 20-day moving average, with the Relative Strength Index (RSI) indicating strong momentum. However, the Moving Average Convergence Divergence (MACD) hints at a potential bearish crossover, suggesting caution for traders.

Could Ethereum Finally Be Gearing Up For A Breakout?

While 2024 was not particularly stellar for Ethereum (ETH) in terms of price action, 2025 might finally bring some much-needed Optimism for ETH bulls. Several analysts believe ETH is on the verge of a massive breakout that could see the cryptocurrency establish new all-time highs (ATH). Ethereum, the second-largest cryptocurrency by market capitalization, may finally outshine its peers this year. According to crypto analyst Jelle, ETH has been trading within a long-term bullish pennant for three years and recently tapped into all available downside liquidity. The analyst emphasized that the time for ETH to break out is near, anticipating an 'old-fashioned ETH rally.' Jelle hinted at ETH entering five-figure territory, suggesting a minimum price target of $10,000.

Crypto Analyst Sets $7,000 Target For Ethereum Price

While several other altcoins have performed well in the current bull cycle, Ethereum has struggled to maintain its reputation as the 'king of altcoins.' Since losing the $4,000 level last year, ETH has not shown significant promise of reaching its all-time high. However, recent momentum suggests a potential recovery. Crypto analyst Ali Martinez predicts a rally to $7,000 for Ethereum in the coming months, based on a Jan. 17 post on the X platform.