Ethereum Watch

Ethereum failed to stay above $1,600 and it even traded below $1,500 against the US Dollar. ETH price is showing bearish signs and it could continue to move down towards $1,400. Advertisements Ethereum started a fresh decline below the $1,550 and $1,500 support levels. The price is now trading well below $1,550 and the 100 […]

Advertisements Ethereum fees have pulled back from their recent highs alongside a decline in DeFi transaction volumes but the rise of NFTs could push transaction costs back to new highs. The rising popularity of decentralized finance (DeFi) has brought fresh attention and optimism to the cryptocurrency sector with the total value locked on all protocols […]

Advertisements Chainlink is rolling out support for xDai, a layer-two sidechain whose perceived centralization hasn’t stopped major DApp players. Chainlink (LINK) oracles have made their way to xDai, an Ethereum sidechain that has seen growing adoption among DApp developers who cannot afford to stay on the Ethereum mainnet. As announced by Chainlink on Thursday, its […]

Advertisements Summary: Ethereum’s top 10 non-exchange whales accumulated 1.03 million ETH in a single day This is the highest one-day accumulation in 6 weeks The Ethereum whales now own a combined 16.86 million ETH Ethereum’s price is currently being affected by uncertain global markets On the 1st of March, Ethereum’s top 10 non-exchange whale addresses […]

Key Takeaways A yield farming project on BSC has been hacked for $31 million. Their website, twitter account, and telegram channel are all down, suggesting a rug pull by creators. The hackers are using DeFi avenues to move the stolen tokens. The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner […]

Advertisements On-chain metrics for both cryptocurrencies show a marked decrease in the dollar value of transactions and the subsequent transaction fees. Bitcoin (BTC) and Ether (ETH) appear to be experiencing something of a slowdown, as on-chain data shows a dramatic decrease in the U.S dollar value of coins being sent across both blockchains in the […]

Key Takeaways Capital gains tax and income tax apply to DeFi earnings depending on the activities and platforms in question. Liquidity pool tokens are typically subject to capital gains, while native tokens are more commonly subject to ordinary income tax. You can take out a crypto loan to pay taxes without triggering another tax event […]

Ethereum traded to a new monthly high at $1,655 before correcting lower against the US Dollar. ETH price is struggling to stay above $1,600, but it is likely to remain stable as long as above the 100 hourly SMA. Advertisements Ethereum extended its rise above the $1,600 and $1,625 resistance levels. The price is now […]

Advertisements Multiple data points show investors are strongly bullish on Ether price even after its recent 36% correction below $1,300. On Feb. 20, Ether (ETH) price rallied to a new high at $2,015, and this caused multiple indicators to display signs of excessive optimism. While the excitement could be easily justified by Ether’s year-to-date 176% […]

Key Ethereum Takeaways Ethereum (ETH/USD) looks poised to pursue a bull run towards $2,000 after flipping key resistance levels into interim supports. More tailwinds come from Citi and Goldman Sachs’s latest endorsements for the cryptocurrency sector. Volatility in the US government bond market continues to pose risks to rally. Ethereum prices surged on Wednesday, turning […]