Ethereum Watch

Coinbase projects that Ethereum (ETH) might outshine other cryptocurrencies shortly. Advertisements The company’s recent report suggests that the second-largest cryptocurrency has the potential to surprise its holders positively. Key Factors Supporting Ethereum’s Potential This year, Ethereum has lagged behind the broader crypto market. Despite this underperformance, Coinbase remains optimistic about its long-term prospects. The report […]

Ethereum price tested the $3,040 zone and corrected gains. ETH is now testing the $2,925 support and might aim for a fresh increase. Advertisements Ethereum started a downside correction after the bears defended $3,040. The price is trading below $2,960 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with […]

Ethereum’s exchange reserves hiked over the past week Most metrics suggested that ETH might continue to rally  The crypto-market has turned bullish over the last 36 hours, allowing most cryptos to flash green on their charts. Ethereum [ETH] was no different. In fact, while the token’s price moved up, a buy signal flashed on ETH’s […]

Ethereum price recovered above the $2,920 resistance. ETH is trailing Bitcoin and might struggle to continue higher above the $3,050 resistance. Advertisements Ethereum started a recovery wave and even climbed above $3,000. The price is trading above $2,950 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with […]

SEC could reject spot ETH ETF application based on ‘security’ status. Mixed feelings on possible SEC’s rejection grounds as ETH price dropped.  The US SEC (Securities and Exchange Commission) has been quiet on the status of Ethereum [ETH] and whether it will approve the spot ETH ETF filings.  Advertisements However, a recent development indicates that […]

A recent SEC filing has sparked concerns about the future of spot Ethereum ETFs, potentially shaking the crypto industry’s foundation. Advertisements On May 13, Scott Johnsson from Davis Polk and Wardwell highlighted the SEC’s call for public input on classifying BlackRock’s proposed spot Ethereum ETF as a commodity-based trust. SEC’s Review on Ethereum ETFs Johnsson […]

A recent report reveals that Konstantin Lomashuk and Vasiliy Shapovalov, co-founder of Lido—the largest liquid staking protocol in Ethereum (ETH)—fund a competitor of Ethereum’s restaking protocol EigenLayer. Advertisements According to a source familiar with this matter, Symbiotic is the protocol that will receive Lido co-founder’s backing. It will get support through the Cyber Fund. Symbiotic […]

Ethereum price is eyeing an upside break above the $2,900 level. ETH must settle above $2,900 and $2,940 to continue higher in the near term. Advertisements Ethereum is forming a base above the $2,860 support zone. The price is trading below $2,950 and the 100-hourly Simple Moving Average. There is a key bearish trend line […]

Ethereum showed a bearish market structure and could be headed for $2.5k. The OBV slipped below a key level as selling pressure increased. Ethereum [ETH] was in a bearish trend on the daily timeframe after dropping below the $3k mark six weeks ago. Advertisements Reports that the spot Ethereum exchange-traded funds (ETFs) applications in the […]

Vitalik Buterin, Ethereum co-founder and renowned blockchain expert, introduced a new Ethereum Improvement Proposal (EIP) numbered 7706. Advertisements This proposal suggests a new type of gas specifically designed for transaction calldata. Backed by Buterin’s extensive knowledge and experience, this initiative aims to manage and optimize how data is processed and priced within Ethereum. Introducing a […]