Ethereum Watch

Advertisements With its best-ever weekly close in the bag, Bitcoin is set to vie with Ether and the new “altseason” for supremacy this week. Bitcoin (BTC) bulls seem firmly in the driving seat this week as the largest cryptocurrency begins Monday at near $40,000. After climbing through much of the previous week’s trading, BTC/USD is […]

Ethereum started a downside correction and traded below $1,600 against the US Dollar. ETH price found support near $1,487 and it is currently recovering losses. Advertisements Ethereum started a downside correction below the $1,650 and $1,600 levels. The price is now trading below $1,650 and the 100 hourly simple moving average. There is a key […]

Advertisements In brief: Ethereum has entered what looks like a brief correction ETH’s previous all-time high of $1,480 will be an area of interest should the dip continue Ethereum traders are of the opinion that ETH will drop just like Bitcoin did when the CME BTC Futures went live on December 18th, 2017 However, institutions […]

The IOHK CEO Charles Hoskinson gave his perspective on why Cardano will outshine Ethereum 2.0. In an interview with Ben Armstrong, AKA Bitboy Crypto, Hoskinson spoke about Cardano having a simpler and more robust design than Ethereum. Advertisements What’s more, he doubts whether this added complexity will result in higher throughput, better scalability, and more […]

Advertisements Summary: SushiSwap (SUSHI) is now supported on BitGo’s custodial and non-custodial wallets The team at BitGo cited the SushiSwap team’s consistency and resilience as one reason to add support for SUSHI Furthermore, SushiSwap’s collaboration with Yearn Finance is an indicator of growth in the DeFi industry SushiSwap (SUSHI) is now supported on BitGo’s custodial […]

Advertisements High gas fees on the Ethereum network are making it nearly impossible for retail investors to interact with DeFi protocols but the same doesn’t apply to whales. Since early 2020 the decentralized finance sector has been recieved a lot of attention due to its cutting-edge innovation and the lucrative high yield opportunities offered to […]

Advertisements December’s $10,000 Ethereum calls options have started to pick up volume, but are traders really expecting ETH to reach this level? Ether’s (ETH) $10,000 Dec. 31 call options recently came under the spotlight after surpassing $15.2 million in open interest (8,400 contracts). These instruments give the buyer the right to acquire Ether at a […]

Advertisements The open interest on Ethereum futures hit a record $6.5 billion as ETH rallied to $1,750 and traders increased their leverage. Ether (ETH) price has rallied by 33% over the last five days and data shows that as this occurred some buyers began to use excessive leverage.  Although this is not necessarily negative, it […]

Advertisements In brief: Ethereum miners have earned $3.5 Million in ETH in a single hour This amount is the highest in Ethereum’s history The Ethereum network is also experiencing high gas fees with an average transaction costing $12 High gas fees on Ethereum could cause an exodus by developers and users to other blockchain networks  […]

Key Takeaways Ethereum’s new highs pulled the rest of the DeFi space with it, but gas fees may hamper future growth. Bitcoin has traded sideways since hitting all-time highs last month, giving space for an alt season among various DeFi tokens. NFTs are back on the rise with Hashmasks taking center stage. Thankfully, an NFT […]