Ethereum Watch

Advertisements Ethereum’s NFT ecosystem, after a decline, registered growth during the end of Q2. Though ETH’s daily and weekly charts were green, a few on-chain metrics looked bearish. Messari recently posted its report on Ethereum’s [ETH] Q2 , highlighting its performance on multiple fronts. The king of altcoins’ state in this new quarter looks encouraging […]

Advertisements The top 100 DeFi tokens had a mixed week, with most of the tokens trading in a narrow range before surging on July 13 courtesy of Ripple’s partial win in its court battle with the SEC. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to […]

Advertisements Ethereum’s active addresses have dropped since the beginning of the year. ETH stake has continued to flow in with prices below $2,000. Despite multiple attempts, Ethereum’s [ETH] price has struggled to break and maintain the elusive $2,000 threshold. Instead, it has been oscillating between $1,700 to $1,800. Could the lackluster price performance be linked […]

Ethereum price is up over 7% and trading above $2,000 against the US Dollar. ETH gained pace after XRP jumped over 80% and cleared $0.90. Advertisements Ethereum is up over 7% from the $1,850 support zone. The price is trading above $1,980 and the 100-hourly Simple Moving Average. There was a break above a key […]

Advertisements Ethereum scaling remains the primary use case behind zero-knowledge proofs, according to a report from ZKValidator. Ethereum scaling protocols dominate the use of zero-knowledge rollups (ZK-rollups), with major launches, new research and healthy competition key points in a sector report published by ZKValidator. The node infrastructure operator’s “State of ZK Q2” report reflects on significant […]

Advertisements ETH’s NRPL has returned to negative territory. On-chain metrics revealed traders remain steadfast in coin accumulation.  After a few weeks of Ethereum [ETH] traders posting gains on their investments, the alt’s consolidation around the $1800 price range has caused its Net Realized Profit/Loss (NRPL) indicator to return to the negative territory, data from Santiment […]

Ethereum price failed again to clear the $1,900 resistance against the US Dollar. ETH is declining and might revisit the $1,825 support zone. Advertisements Ethereum topped near the $1,900 resistance and declined. The price is trading below $1,880 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with […]

Advertisements The proposal to launch GHO on Ethereum’s mainnet reached quorum after protocol delegate AaveChan voted “Yae” on Wednesday. Aave DAO’s community wholly backed the plan as all members of the DAO voted in support with over 698,000 votes at press time. This comes after months of successfully testing the GHO stablecoin on the Ethereum […]

Advertisements Uri Kolodny, the co-founder and CEO of StarkWare, said that Starknet’s latest Quantum Leap upgrade makes high TPS a reality on the Ethereum mainnet. The much-anticipated Quantum Leap upgrade by layer-2 scaling protocol Starknet was recently deployed on the Ethereum mainnet, allowing for as much as 90 transactions per second (TPS), boosting the network’s […]

Advertisements ETH retail demand sees an uptick but whales counter with sell pressure. ETH’s price action indicates accumulation, however, buying pressure lays low.  Where is ETH currently in the grand scheme of things as far as adoption is concerned? We recently saw it struggle to retain value above $2,000, but this week something interesting is […]