Ethereum Watch

While Open Interest increased, Funding Rate stalled. The price of the altcoin might keep swinging between $3,400 and $3,600 in the short term. One day after Ethereum’s [ETH] Open Interest dropped to $13.14 billion, it added another billion to its value. At press time, the Open Interest (OI) was $14.10 billion, according to data from […]

The Ethereum ecosystem recently saw an unprecedented surge in transactions per second (TPS). According to L2beat data, on June 16, Ethereum’s scaling networks, including both layer-2 (L2) and layer-3 (L3) solutions, achieved a combined 245.87 TPS. This figure translates to approximately 21.2 million transactions in a single day. Advertisements Interestingly, this surge was driven by […]

Ethereum price started a fresh increase from the $3,365 zone. ETH outperformed Bitcoin and might aim for a move toward the $3,800 resistance zone. Advertisements Ethereum started a recovery after the bulls appeared near the $3,365 zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There was a break above a […]

Whale accumulation of ETH grew, according to recent data. Network growth and velocity of ETH fell materially. Ethereum’s [ETH] recent dip in price did not reduce the optimism that traders and investors had in the slightest. Advertisements Ethereum whales start to buy Recent data showed that Ethereum whales, or large-scale investors, have accumulated over 700,000 ETH […]

Investors are bullish on Ethereum as the industry awaits the launch of Spot Ethereum ETFs. This sentiment is relayed through the recent expiration of Ethereum options contracts and the put-call ratio. According to data, over 200,000 ETH options recently expired, and the crypto community eagerly awaits the direction of the Ethereum price. Advertisements Related Reading […]

Bitcoin’s network saw more NFT sales than Ethereum’s over the past week. Floor prices of BAYC and CryptoPunks fell to multi-month lows too The sales volumes of non-fungible tokens (NFTs) on the Bitcoin [BTC] network surged last week, exceeding that of Ethereum [ETH], according to data from CryptoSlam. Advertisements Over the aforementioned period, Bitcoin’s NFT […]

Bloomberg senior ETF analyst Eric Balchunas has forecasted that spot Ethereum exchange-traded funds (ETFs) might start trading as early as next month. Advertisements Balchunas revised his previous estimate, moving the potential launch date from July 4 to July 2. Why Ethereum ETFs Could Begin Trading in July According to Eric Balchunas, the US Securities and […]

According to the latest report by QCP Capital, options data reveals a plunge in trading volatility, particularly for Bitcoin, meaning cryptocurrency traders could be in for a tamer summer. Advertisements The research firm, which is well known for spotting new market trends, points out that the data patterns in the charts suggest that we are […]

Ethereum ETF approval is expected by September allowing issuers to prepare for trading. ETH price declined post-announcement but showed recovery. After much anticipation regarding the approval of Ethereum [ETH] spot Exchange Traded Funds (ETFs), the SEC has finally provided a specific timeline. Advertisements Is SEC ready to approve the ETH ETF? During a budget hearing […]

Ethereum price struggled to clear the $3,650 resistance. ETH started another decline and there is now a risk of more dips below the $3,420 support. Advertisements Ethereum started a fresh decline below the $3,550 support zone. The price is trading below $3,540 and the 100-hourly Simple Moving Average. There is a crucial bearish trend line […]