Ethereum Watch

Advertisements June was a truly explosive month for decentralized finance markets, and those bullish metrics have impacted the Ethereum network in a similar way. ETH prices, however, are still lagging far behind. Cryptocurrency markets are back in the red as we begin another week but the same cannot be said for DeFi protocols which continue […]

Ethereum is struggling to clear the $230 resistance level against the US Dollar. ETH price is showing positive signs and it seems like a close above the 100 SMA (H4) could trigger a fresh rally. Advertisements ETH price is slowly moving higher towards the $230 resistance against the US Dollar. A close above the 100 […]

Advertisements Decentralized finance is growing at a rapid pace, and at the center of it all is Ethereum. Sentiment surrounding the largest altcoin in the cryptocurrency industry, however, is extremely low after a prolonged bear market. The growth in DeFi has brought some positive buzz back to the altcoin, but pundits argue that without another […]

Advertisements In brief: The Filecoin (FIL) mainnet is still on track for a Q3 launch.  CoinList to be the primary distributor of Filecoin tokens. To kick start development on the platform, a virtual hackathon has been launched by ETHGlobal and Protocol labs.  The event is meant to provide an environment for developers to build DApps […]

Another week, another round of Crypto Tidbits. Advertisements It’s been another boring week for the Bitcoin market. For all of the past seven days, the leading cryptocurrency has traded within 3% of $9,100, trading both above and below that level. Volatility indicators have continued to drop as a result of the consolidation, reaching crucial levels. Analysts […]

Advertisements Ethereum’s 2020 DeFi boom came at the cost of its gaming ecosystem. Results for the second quarter of 2020 show tremendous growth for decentralized applications across all ecosystems, primarily spearheaded by Ethereum (ETH) decentralized finance, or DeFi. Decentralized exchanges were at the frontlines of the rise as Compound token mining activity trickled down to […]

Ethereum failed to continue higher above $233 and declined sharply against the US Dollar. ETH is now trading below the 100 hourly SMA and it could continue to move down. Advertisements Ethereum broke the key uptrend support level near $228 and the 100 hourly simple moving average. The price is likely to resume its decline […]

Advertisements Tesla’s CEO does not own any Ethereum, but he isn’t against the platform. Tesla’s eccentric CEO and co-founder, Elon Musk directly referenced Ethereum (ETH), saying he is not for or against the network.  “I’m not building anything on ethereum. Not for or against it, just don’t use it or own any,” Musk revealed in […]

Advertisements Does this week’s 300 million USDT migration from the Tron to Ethereum blockchain mean trouble is brewing for TRX? On Tuesday, Tether announced a sizable swap of USDT from the Tron blockchain to the Ethereum protocol. Tether explained that the amount of USDT in circulation would remain the same, meaning that USDT (TRC-20) will […]

Advertisements In brief: Real-time data reveals that Ethereum is still the most active smart contract platform.  Tron (TRX) ranks second with EOS, Tezos (XTZ) and Cardano (ADA) coming in third, fourth and fifth respectively.  Ethereum’s dominance in this regard, will continue for the foreseeable future. Real-time data from the team at Messari reveals that Ethereum […]