Ethereum Watch

70% of Ethereum staked is controlled by staking services, which has raised concerns about decentralization. Revenue generated by Ethereum has increased despite a decline in trading activity. According to data provided by glassnode, it was observed that 70.86% of all Ethereum staked on the beacon chain was being staked by staking services such as Lido, […]

Advertisements ETH’s price has repeatedly failed to break above key trendline resistance, and now Ethereum risks losing strong technical support as well. Ether’s (ETH) rally versus Bitcoin (BTC) is not only showing signs of exhaustion but is also in danger of breaking below a key technical support level.  ETH slides vs. BTC in the second […]

Ethereum is consolidating gains above $1,600 against the US Dollar. ETH is showing positive signs and might start another increase above $1,650. Advertisements Ethereum is showing positive signs above the $1,620 and $1,600 levels. The price is now trading above $1,600 and the 100 hourly simple moving average. There is a key bullish flag forming […]

Advertisements Developers are attempting to attack the forked testnet with malicious nodes to see if they can find vulnerabilities. As the proposed date for the Ethereum Shanghai update draws closer, developers have created a testing environment called a “shadow fork,” according to a Jan. 23 tweet thread by Go-Ethereum developer Marius Van Der Wijden. The […]

Advertisements Summary: Developers finalized the ‘Withdrawal-Mainnet-Shadow-Fork-1’ on Thursday. The move marks the first major test phase for Ethereum’s hyped Shanghai updated in March 2023. ETH Developer Marius Van Der Wijden noted configuration difficulties on Geth but said progress is underway. Ethereum developers announced a ‘shadow fork’ of the Shanghai update built to test the withdrawal […]

The Ethereum-Polygon ERC-20 bridge is the most active, data on January 23 reveals. Advertisements Polygon-Ethereum Bridge Dominant As of January 23, there were $2.18 billion of assets locked in the Ethereum-Polygon ERC-20 Bridge, almost twice the value of assets locked between the Ethereum and Arbitrum bridge which, at the time of writing, stood at $1.36 billion. […]

Advertisements While the concept of stealth addresses appears complex in theory, Buterin previously described it as a “low-tech approach” compared to other Ethereum privacy solutions. Ethereum co-founder Vitalik Buterin has shared a possible solution to what he describes as the “largest remaining challenge” foEthereum — privacy. In a blog post on Jan. 20, Buterin acknowledged […]

The S&P 500 metric showed a price correction while Ethereum continued an uptrend. Percent Supply in Profit was over 67% at press time, representing a four-month high for Ethereum. The price of Ethereum [ETH] rose dramatically over the last few days, which indicated a bull trend. Consequently, the recent activity of the S&P 500 metric […]

On-chain data showed that Shiba Inu was an undervalued token despite its latest uptick. The activities of Ethereum whales suggested that SHIB could be a long-term play. Shiba Inu’s [SHIB] performance in the last 30 days seemed to have erased the memories of the memecoin’s abysmal performance in 2022. During the said period, SHIB recorded […]

MetaMask gives ETH holders an early bull run, especially for those looking to stake their coins. ETH experiences a resurgence of sell pressure as it approaches a key resistance range. Ethereum [ETH] holders now have an extra incentive to keep their funds on MetaMask, as MetaMask staking will act as the new Ethereum staking program, […]