Ethereum Watch

Advertisements A new crypto project aiming to mint tokens from burning Ether is behind Ethereum’s deflationary turn. Ethereum’s native token, Ether (ETH), looks ready to undergo a massive rally due to a mix of technical and fundamental factors. From a technical perspective, ETH’s price now eyes a 35% rebound by the end of October after […]

Advertisements Summary: The rate at which Ethereum’s network churns out new Ether tokens on a daily basis has dropped by a staggering 97% following the proof-of-stake upgrade in September. Per Delphi Digital’s analysis, net daily emissions have dropped from over 12,000 tokens before the Merge to under 4,000 ETH post-merge. The pattern marks a milestone […]

The transition of the Ethereum [ETH] network into a proof-of-stake led to the supply of the network’s Ether [ETH] witnessing a significant drop, data from Santiment revealed.  Advertisements According to data from the blockchain analytics platform, the percentage of ETH’s total supply that has been sent to exchanges stood at 14.52% at press time. Since the […]

Advertisements Through the deal, Offchain Labs hopes to build a sustainable future for Ethereum, through greater communication between teams developing on both layers and direct collaborations. One of the core development teams behind the Ethereum (ETH) Merge, Prysmatic Labs, has been acquired by Offchain Labs, the developer of Ethereum layer-2 network Arbitrum.  Announced in an […]

The two largest cryptocurrencies by market cap, Bitcoin and Ethereum, have seen a significant rise in their open interest in the last couple of weeks. This comes even when the market is seeing struggling prices and investors have begun to take more conservative positions in the market. The drastic increase in the open interest across […]

Advertisements Crypto analyst Moustache believes Ethereum could soon start one of the biggest bull market runs  Moustache cited Ethereum’s price trajectory of 2016-2017 as an example, drawing comparisons on how Ethereum’s present price pattern is almost identical to its historical price data of 2016-2017  The recent bear phase of the crypto market has led several […]

Ethereum [ETH] bears have been dominant since last week, leading to a higher price drop towards the lower range for 2022. Amid all this, there were some interesting observations that investors should take note of. Advertisements ETH’s exchange reserves dropped back to the lowest year-to-date levels. The last time that exchange reserves were this low […]

Key Takeaways A whale manipulated the price of Mango Markets’ MNGO token to drain over $100 million from the platform. The attacker has put forward a DAO proposal that would see the project commit its treasury to paying off the bad debt. Mango CEO Daffy Durairaj has said that making users whole is his top […]

ETH prices continue to trend downwards as prices remain bearish, with price trading on critical support.  ETH trades below 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs as many traders and investors wish for $500.  The price of ETH needs to break and hold above the key resistance of $1,400 […]

Ethereum [ETH], on 9 October, recorded a significant increase in the number of addresses registered on the blockchain as per data from the analytics platform Santiment. Advertisements There were over 135,000 Ethereum addresses registered, which was over 11% greater than the peak number that was recorded in January 2022.  📈 #Ethereum saw a surge of […]