Ethereum Watch

Toncoin has seen more daily active addresses than Ethereum since the beginning of the month. TON’s weighted sentiment was positive for the first time since June started. Toncoin [TON], the blockchain network linked to the popular messaging app Telegram, has seen more demand than the leading Layer 1 blockchain, Ethereum [ETH], since the beginning of […]

US Securities and Exchange Commission (SEC) Chair Gary Gensler announced that spot Ethereum exchange-traded funds (ETFs) will likely launch this summer. Advertisements He made this statement during a budget hearing with the Senate Appropriations Committee on Thursday, June 13. Ethereum ETFs Almost Ready to Trade Gensler highlighted that the final approval process for these ETFs […]

Readers will find today’s analysis of Ethereum (ETH) interesting. On June 11, about 542,000 ETH moved out of exchanges— the largest outflow of the year. Advertisements However, the trend did not take long to change, prompting speculation that the potential increase to $4,000 may be delayed. Ethereum Opens the Floor for Bears According to data […]

Ethereum (ETH) bulls got a taste of fire on June 11th as the altcoin’s derivatives market witnessed a dramatic surge in long liquidations. According to data from Coinglass, this event marked the highest level of long liquidations since May 23rd, signifying a significant correction for traders who bet on rising prices. Advertisements Related Reading Crimson […]

The CME FedWatch Tool has indicated a low probability of a cut. Senator Warren’s letter hinted at Bitcoin’s bullish situation. With the Federal Open Market Committee (FOMC) meeting scheduled for the 12th of June, the crypto community is abuzz with speculation about its effect on market dynamics. Advertisements Current indications suggest that interest rates will […]

Metamask has launched pooled staking to enable ETH holders to stake in validators operated by Consensys regardless of the amount of Ethereum they hold. Advertisements The launch will empower more people to be rewarded for securing the Ethereum network. Pooled Staking On Metamask Available For Some Users The leading self-custodial wallet for over 100 million […]

Industrial and Commercial Bank of China (ICBC), the largest Chinese bank, recently published a report highlighting Bitcoin (BTC) and Ethereum’s (ETH) potential. Notably, the report refers to Ethereum as “digital oil,” emphasizing its role in the digital economy. Advertisements This endorsement by such a prominent financial institution highlights Ethereum’s growing importance and potential for future […]

Ethereum price failed to recover above the $3,650 resistance. ETH declined again below the $3,550 level and now shows bearish signs below $3,600. Advertisements Ethereum started a fresh decline below the $3,550 support zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with […]

Spot ETH ETF’s prospective issuers are awaiting feedback from the SEC. ETH has seen significant selling pressure in the past few weeks. Ethereum’s [ETH] selling pressure mounts as prospective spot ETH exchange-traded-fund (ETF) issuers await comments from the Securities and Exchange Commission (SEC) on the state of their S-1 filings, submitted on the 31st of […]

Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has created a perplexing scenario for investors recently. Despite a noticeable decline in its price, on-chain data reveals that large investors, often referred to as “whales,” are accumulating ETH. This could signal a potential buying opportunity, though technical indicators suggest a weakening uptrend, leaving Ethereum’s near-term […]