Ethereum Watch

Ethereum has been experiencing a slowdown in its bullish momentum over the weekend. The cryptocurrency managed to break the critical resistance at $1,700 but could re-test previous support levels before reclaiming higher levels. Advertisements According to Wu Blockchain, Ethereum recently surpassed Bitcoin in terms of Open Interest (OI) for options contracts. This metric stands at […]

Advertisements Backwardation reflects a market condition wherein spot prices trade higher than future prices. Ether (ETH) bulls like a positive spread between its spot and ETH futures prices because the so-called contango reflects optimism about a higher rate in the future. But as of Aug. 1, the Ethereum futures curve slid in the opposite direction. Ethereum […]

If you zoom out ETH’s chart, you will notice that its performance in July has similarities with its performance in March. Could this performance offer some insights into how ETH will perform in August? Advertisements ETH’s latest rally kicked off in mid-July and managed to push the crypto up by as much as 74%. More […]