Ethereum Watch

Advertisements Summary: NBA’s Kyrie Irving has changed his Twitter profile photo to a Loser Club NFT He has also Tweeted his new avatar alongside another Loser Club NFT His actions have resulted in the floor price of Loser Club NFTs rising by 53% and transaction volume increasing by 1,144% in the last 24 hours NBA […]

ETH recently entered a correction phase and has been trading within a descending wedge pattern for the last 2 days. However, it managed to break through its descending support line in the early morning hours in the 1-hour chart. Advertisements Ethereum recently peaked at $3581 after a strong bull run that kicked off in mid-March, […]

Advertisements Quick take: The hacker responsible for the $625 million exploit on the Ronin Network has so far laundered 7.5% of the stolen Ethereum through Tornado Cash $400 million of the stolen funds was owned by players of Axie Infinity Binance has invested $150 million into the parent company of Axie Infinity, Sky Mavis Sky […]

Though crypto is said to be decentralized, Grayscale’s recognition of crypto assets certainly help define the trajectories of coin or token prices. However, more than just new product additions, asset removals are also key in understanding what institutional investors want – or don’t want. Advertisements No gray area here In a press release, Grayscale Investments […]

Advertisements Regulatory uncertainty, potential competition from tech giants and a market nearing exhaustion are all factors impacting ETH price. After a 42% rally over a three-week period, Ether (ETH) peaked at $3,580 on April 3 and since then, a 12% correction to $3,140 has taken place. Tech giants launching their own smart contract platforms and […]

The school of thought that Ethereum will one day flip Bitcoin is one that has been around for a while. Although debates around this have subsided following the bull rallies that rocked last year. However, it seems not everyone has forgotten about this. One of those is Galaxy Digital’s trading co-head Jason Urban. The trading […]

Ethereum found bids near the $3,140 zone and corrected higher against the US Dollar. ETH price must clear $3,325 and the 100 hourly SMA to start a decent increase. Advertisements Ethereum traded as low as $3,143 and is currently correcting higher. The price is now trading below $3,300 and the 100 hourly simple moving average. […]

Ethereum price has breached above the symmetrical triangle and is comfortably hovering above a stable support area with no signs of weakness. Despite the recent flash crash, the downside risk for ETH also seems to be capped due to a plethora of footholds. So, investors should not give up the smart contract token hitting significant […]

Ethereum extended losses below the $3,300 support zone against the US Dollar. ETH price even traded below $3,200 and might continue to move down. Advertisements Ethereum started a major decline from the $3,450 resistance zone. The price is now trading below $3,200 and the 100 hourly simple moving average. There is a key bearish trend […]

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Advertisements A recent report highlighted how Ethereum was entering the “Belief” stage of a rally, based on the Net Unrealised P/L metric. Generally, when the metric tips green, a sustained rally on longer timeframes has […]