Ethereum Watch

Advertisements Summary: Popular Bitfinex Whale, @Joe007, has compared ETH2.0 to a marketing ploy luring greedy Ethereum plebs. According to him, staking will trap their ETH forever while insiders unload their riches of ETH1.0. Additionally, the concept of Ethereum staking is just like any other ETH scam. Popular Bitfinex Whale, @Joe007, has compared staking on the […]

Ethereum traded to a new monthly high near $249 before correcting lower against the US Dollar. ETH price is currently trading nicely above $253 and it could rally again towards $250. Advertisements ETH price is holding the main $235 support level and the $232 pivot level against the US Dollar. It is facing a couple […]

Advertisements In brief: Ethereum investors could be in for another tumultuous ride as ETH2.0 faces possible delays. One estimate pushes the launch to January 2021. The Ethreum Community wants ETH2.0 launched in 2020. ETH/USDT risks losing the crucial $200 support zone due to FUD related to the delay.  From the beginning of the year, Ethereum […]

Advertisements Quick take: Bitcoin has been in a state of continuous sideways movement since early June.  Social media dominance of BTC has been dropping and could point to an alt season.  A bullish ETH/BTC chart hints of altcoins gaining in the crypto markets.  Additionally, the Shit-coin Perpetual contract on FTX recently hit a new All-Time […]

Key Takeaways Ethereum network data shows adoptions in troves, but this hasn’t reflected on ETH price. DeFi protocols used ETH as the primary form of collateral until stablecoins took over. With Synthetix’s model of using its own token as collateral and Maker’s mission to expand its balance sheet, ETH’s role in DeFi further diminished. EIP-1559 […]

The median transaction fees on the Ethereum blockchain have been above Bitcoin’s for over a month. Data aggregator Messari noted that an explosion of activities on Ethereum-backed decentralized finance and stablecoin projects shot its fees higher. It further stated the Ethereum’s consistent uptrend shows that its demand is not slowing down. Ethereum has set a […]

Advertisements The decentralized finance industry is moving so fast that every week a new way of earning emerges. This week, it has been Aave’s turn to shine, and credit delegation could become the new rage in DeFi. DeFi markets are holding on to all of the collateral that has been loaded into them over the […]

Advertisements Just after 100,000 in USDC were blacklisted by Centre, Tether blacklists 46 million Tether in Ethereum addresses. Tether (USDT) has blacklisted 39 Ethereum addresses worth $46 million in USDT, with 24 holding a total of over 5.5 million USDT being blacklisted this year. This revelation comes on the back of Centre’s first blacklisting of […]

Advertisements Ethereum price saw a bullish breakout against Bitcoin on July 9 and veteran trader Peter Brandt believes this could trigger a new altcoin season. Popular trader Peter Brandt believes that Ether (ETH) saw a significant breakout in its ETH-BTC pair on July 9. According to the veteran trader, the breakout could be a signal […]

Ethereum has been expressing some notable strength against Bitcoin over the past couple of days. This comes as it was able to rally past a significant resistance level that was previously forcing it lower. Advertisements Analysts are now noting that the cryptocurrency could be poised to see further upside, with one veteran trader offering a […]