Ethereum Watch

Amid the negative U.S. GDP record and high Fed rate, there seems to be a positive turning for some digital assets, especially Ethereum. For example, the global second largest cryptocurrency by market cap, Ethereum (ETH), is staging a solid bounce back. Advertisements Over the past few days, Ether has progressively increased as it surges to […]

Ethereum has headed the overall recovery of the market in recent times. ETH prices quickly shot upwards of $1,700 to register one-month highs following an important update regarding the Merge. Advertisements With its value growing in such a short span, trader profitability ramped up on the network. According to data from IntoTheBlock, ETH profitability has […]

Advertisements Leading Solana NFT Marketplace Magic Eden announces support for Ethereum NFTs The firm will also be adding comprehensive features to allow users to trade ETH NFTs and make payments in SOL/ETH or via credit cards.  Magic Eden, the Solana-centric NFT platform is expanding its base and has recently announced multichain support for the Ethereum […]

On-chain data shows the number of active Ethereum addresses has recently spiked up to a new all-time high. Here’s what happened in the past when the metric reached such high values. Advertisements Ethereum Active Addresses Surge To A New All-Time High As pointed out by an analyst in a CryptoQuant post, a signal that has […]

Advertisements Kim Kardashian’s lawyers filed a joint motion to dismiss the class-action complaint against the American businesswoman for promoting an alleged “pump and dump” crypto token. Kim Kardashian’s legal team has filed a motion to set aside a class-action complaint aimed at the businesswoman and other American celebrities. Kardashian and a handful of other prominent American social […]

Ethereum appears to be on the right trajectory after a month of redemption. ETH started the month priced a little above $1,050, but is about to end it at around $1,700. On the back of a wider market upturn and the Merge’s announcement, Ethereum has surged on the charts. Advertisements In fact, the Merge announcement, […]

Ethereum has been experiencing a slowdown in its bullish momentum over the weekend. The cryptocurrency managed to break the critical resistance at $1,700 but could re-test previous support levels before reclaiming higher levels. Advertisements According to Wu Blockchain, Ethereum recently surpassed Bitcoin in terms of Open Interest (OI) for options contracts. This metric stands at […]

Advertisements Backwardation reflects a market condition wherein spot prices trade higher than future prices. Ether (ETH) bulls like a positive spread between its spot and ETH futures prices because the so-called contango reflects optimism about a higher rate in the future. But as of Aug. 1, the Ethereum futures curve slid in the opposite direction. Ethereum […]

If you zoom out ETH’s chart, you will notice that its performance in July has similarities with its performance in March. Could this performance offer some insights into how ETH will perform in August? Advertisements ETH’s latest rally kicked off in mid-July and managed to push the crypto up by as much as 74%. More […]

Advertisements Ethereum’s “Merge” upgrade is expected to induce volatility in ETH price, but options traders can safely remain long by using this strategy. Ether (ETH) is reaching a make-it or break-it point as the network moves away from proof-of-work (PoW) mining. Unfortunately, many novice traders tend to miss the mark when creating strategies to maximize […]