Ethereum Watch

Key Takeaways The Senate is debating a massive infrastructure bill bearing concerning crypto-related provisions. The White House has backed an amendment to the bill that threatens DeFi and Proof-of-Stake validators. The final vote on the amendment is due on Saturday. Share this article The White House has weighed in on the ongoing infrastructure bill debates. […]

Advertisements One analyst says he is “not interested at all” in trading current levels as clear long-term resistance stays in play for both cryptocurrencies. Bitcoin (BTC) and Ether (ETH) are due for a “huge” move, but short-term signals suggest a correction, an analyst warned on Friday. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buy into […]

Advertisements At current burn rates, 2.3 ETH per minute, or $6,600 is going up in smoke. Approximately 2.3 ETH is being burnt every minute through the new transaction fee mechanism introduced in Ethereum’s London upgrade on August 5. The highly anticipated London hard fork went live on Wednesday this week, ushering in the EIP-1559 upgrade […]

Advertisements A sudden change of sentiment on lower timeframes gives bulls something to smile about after a downtrend is swiftly cancelled out. Ethereum’s Ether token (ETH) enjoyed a “massive” rebound towards $3,000 on Aug. 5 as optimism flowed in after its London hard fork went live. ETH/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from […]

All eyes today are on Ethereum as the long-awaited EIP-1559 launches for the first time. The supply-focused update could result in a the start of a spectacular show that could last another several months. Advertisements A fractal has potentially appeared that mimics the price action just ahead of the most recent explosive Ether rally, which […]

Advertisements Another comedown comes as bulls fail to recapture $40,000, adding to the curious contrast between spot price action and bullish on-chain metrics. Bitcoin (BTC) headed lower on Aug. 5 after an attempt to reclaim $40,000 failed to garner buyer support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Accumulation recalls October 2020 Data from Cointelegraph […]

Ethereum started a strong rally above the $2,550 resistance against the US Dollar. ETH price is now consolidating gains and it could rise further towards $3,000. Advertisements Ethereum gained pace after it broke the key $2,550 resistance zone. The price is now trading well above $2,600 and the 100 hourly simple moving average. There was […]

Ethereum failed to recover above the $2,500 resistance against the US Dollar. ETH price could accelerate its decline if it fails to stay above the $2,440 support. Advertisements Ethereum traded below the $2,550 and $2,500 support levels. The price is now trading just below $2,500 and the 100 hourly simple moving average. There is a […]

Advertisements Think Ethereum is going to morph into a deflationary asset over night? Not so fast! Ethereum’s London upgrade is set to activate on Thursday, according to the countdown available on Ethereum.org. “The London upgrade is scheduled to go live on Ethereum in August 2021, on block 12,965,000,” Ethereum.org reads. “It will introduce EIP-1559, which […]

Advertisements The DeFi economy continues to be built on Ethereum. A new report from ConsenSys highlights the extent to which the Ethereum network drives decentralized finance. The Ethereum (ETH) network continues to be a major driving force behind decentralized finance, or DeFi, signaling the continuation of a trend that began around mid-2020, according to a […]