Ethereum Watch

Ethereum is down again! The largest altcoin has continued to disappoint investors as it is struggling to rise above the $2,000 price level. The Ethereum Foundation has already announced the final date for the Merge in August. But the current trajectory is a sore sight for the community as it stumbles on the price chart. […]

Advertisements Looming macroeconomic concerns and this week’s $1B ETH options expiry threaten to pin Ethereum price under the $1,800 support. Ether’s (ETH) performance over the past three months has been less than satisfying for holders and the 50% correction since April 3 caused the altcoin to test the $1,800 support for the first time since […]

Ethereum struggled to gain pace above the $2,000 resistance against the US Dollar. ETH is declining, but it is still above the key $1,920 support zone. Advertisements Ethereum is showing a few bearish signs below the $2,000 barrier. The price is now trading below $2,000 and the 100 hourly simple moving average. There is a […]

Advertisements “This reorg is not an indicator of a flawed fork choice, but a non-trivial segmentation of updated vs out of date client software” suggested Core Ethereum developer Preston Van Loon. Ahead of the Merge tentatively penciled in for August, Ethereum’s Beacon Chain experienced a seven-block reorganization, or reorg, on Wednesday. According to data from […]

Ethereum, known as the altcoin king, is supposed to lead the altcoins for good. However, the case has not been the same for the last few weeks since Ethereum became a victim of the bear attack. It has been struggling to get off the ground it fell during the May crash. Advertisements Ethereum can’t find […]

Advertisements Summary: Avalanche has submitted an Apecoin Improvement Proposal to the Apecoin DAO to migrate the Otherside metaverse as a subnet on its blockchain. The team at Avalanche points out that the AVAX chain has ‘rapid transaction processing, higher throughput, greater ability to scale and lower gas fees.’ Apecoin subnet will have its own customizable […]

Advertisements Summary: Polygon (MATIC) has launched an uncapped fund to assist Terra projects willing to migrate to its chain. Financing of the fund will come from $450 million already raised by Polygon, its treasury, and a $100 million ecosystem fund. Polygon is willing to deploy more capital for Terra projects migrating if needed. The fund’s […]

Advertisements “The usefulness has run its course,” the OpenEthereum team wrote regarding its popular software, “we look forward to the next phase of clean, green and massively scalable blockchain infrastructure.” One of the most popular Ethereum clients, OpenEthereum, has ended support for its software in preparation for the upcoming Ethereum Merge. OpenEthereum creates “clients” or […]

Ethereum extended decline and tested the $1,920 support against the US Dollar. ETH is rising and might revisit the key $2,085 resistance zone. Advertisements Ethereum remained stable above the key $1,920 support zone. The price is now trading above $2,000 and the 100 hourly simple moving average. There was a break above a major bearish […]

The Bitcoin market has now traded lower for eight consecutive weeks, the longest continuous string of red weekly candles in history. Even, Ethereum, the largest altcoin painted the same picture. Well, such bearish movements directly or indirectly affect the returns/profit margins. Advertisements To make things worse, derivative markets suggested fear of further downside at least […]