Ethereum Watch

Advertisements The Ethereum merge is the upgrade from proof-of-work to proof-of-stake as a way of validating block transactions on the network. What is the future of GPU mining? The future of GPU mining depends upon miners’ willingness to continue mining alternative GPU mineable cryptocurrencies.  Advertisements Mining, the foundation of PoW cryptocurrencies, may continue to flourish, […]

Post-Merge Ethereum price action has kept traders wondering what’s in store for ETH going forward, but a few positive developments present good long-term prospects.  Advertisements Bears have been at the forefront of the market, with the price action of top cryptocurrencies like Bitcoin and Ethereum dramatically down. With volatility leading the way, ETH price, much […]

The total annualized issuance rate of ETH reduced substantially  Circulation also decreased, adding to Ethereum’s deflationary nature  Many speculations were made regarding what would lie ahead for Ethereum [ETH] post the Merge. One of the doubts that most had was around ETH’s deflationary nature. However, there was some clarity seen on that front as according […]

Ethereum co-founder Vitalik Buterin has shared his views on the implosion of FTX, saying that its impact is much more significant than Terra’s Luna crash.  Advertisements Buterin made the statement in response to a tweet that compared FTX’s collapse to that of Mt. Gox. Buterin Says FTX Fraud ‘Cuts Deeper’ According to the tweet, the Mt Gox […]

Ethereum [ETH] could risk a further decline despite losing over 23% of its value to trade at $1,261 in the last seven days. The reason for this possibility was the high deviation of on-chain withdrawals of the altcoin. Advertisements Onchain Edge, in a 11 November post on CryptoQuant, noted the state of these withdrawing transactions. […]

ETH is on a pullback after a sharp recovery from the current market crash.  Investors should watch the 0.236 Fib support level.  Bitcoin (BTC) recovered from the 16.69K mark to 17K, injecting a lifeline into the industry. The king coin’s gains also boosted altcoins.  Advertisements Ethereum (ETH), the altcoin king, is positively correlated to BTC. […]

ETH receives a 30% discount as the market crashes Whales holding 32 ETH reach new ATH Ethereum [ETH] experienced a sizable discount this week as the latest FTX-related events wreak havoc on the market. ETH reverted to price levels below $1,200 and the last time it was within this range was in July. Advertisements Read […]

Advertisements A bearish technical setup and a declining number of Ether whales pose downside risks for ETH’s price. The annual supply rate of Ether (ETH) slipped below zero for the first time since Ethereum’s transition to proof-of-stake via the Merge in September. The reason? A spike in on-chain activity amid a massive cryptocurrency market crash.  Ether […]

Advertisements ETH price plummeted to a 4-month low at $1,070 after a wave of futures liquidations. Ether (ETH) price shed roughly 33% between Nov. 7 and Nov. 9 after an impressive $260 million in future contracts longs (buyers) were liquidated. Traders using leverage were surprised as the price swing caused the largest impact since Aug. […]

Ethereum started a recovery wave above the $1,200 level against the US Dollar. ETH must clear $1,320 and the 100 hourly SMA to start a sustained upward move. Advertisements Ethereum started a recovery wave above the $1,200 and $1,220 levels. The price is now trading below $1,300 and the 100 hourly simple moving average. There […]