Ethereum Watch

In January, ETH’s supply decreased by 10,145.72 units. February might be marked by a price decline.  According to data from Ultrasound Money, in January, Ethereum’s [ETH] supply decreased by 10,145.72 units, resulting in a net deflationary value of approximately $16 million. As of this writing, the current total supply of ETH stood at 120,515,752, with […]

Advertisements Ethereum’s Shanghai upgrade is tentatively set for March, which means approximately 14% of ETH supply will unlock in the year ahead. Ethereum’s next big upgrade, Shanghai, is on the horizon for March. The Shanghai hard fork will implement further improvement proposals for the Ethereum network as well as enable Ether (ETH) stakers and validators […]

Ethereum is attempting a fresh increase above the $1,580 resistance against the US Dollar. ETH could gain bullish momentum if it clears the $1,610 resistance zone. Advertisements Ethereum is slowly moving higher from the $1,530 support zone. The price is now trading below $1,600 and the 100 hourly simple moving average. There is a key […]

Due to the fall in prices of some native coins, Lido’s TVL declined in the last week. The buying pressure for LDO has declined significantly, and a price drawback might be on the horizon. Lido Finance [LDO], a prominent liquid staking protocol, experienced a drop in its Total Value Locked (TVL) in the past week […]

According to Ethereum developer Barnabas Busa, the Ethereum Zheijang public withdrawal testnet will go live on Feb. 1, 2023, at 15:00 UTC as a precursor to the upcoming Shanghai upgrade planned for March 2023. Advertisements According to Busa, the testnet will set the stage for the Shanghai and Capella forks that will allow validators to […]

Advertisements This is the first Ethereum public test since the Merge upgrade in September 2022. Developers said further testnets would be triggered in the coming week. According to a Jan. 31 post by Ethereum Foundation developer Parithosh Jayanthi, the “Zhejiang” public withdrawal testnet will launch on Feb. 1 at 3:00 pm UTC. Six days after […]

Advertisements The Bitcoin dominance index could start falling again if the price of Ethereum can pare its 5% losses versus BTC year-to-date. Bitcoin (BTC) is rapidly regaining its lost dominance in the crypto market so far into 2023. On Jan. 30, Bitcoin accounted for 44.82% of the total crypto market capitalization, the highest since June. […]

Interest in ENS domain names remains at a minimum.  The rally in ENS’ price since the year began has put many of its holders in profit. According to data from Dune Analytics, the interest in .eth domain registrations has remained low, with only 53,359 Ethereum Name Service (ENS) registrations recorded thus far in the current […]

Ethereum started another downside correction below $1,600 against the US Dollar. ETH is trading above $1,550, but it might face resistance near $1,600. Advertisements Ethereum is correcting gains from the $1,650 and $1,660 levels. The price is now trading below $1,620 and the 100 hourly simple moving average. There was a break below a major […]

Ethereum-based NFTs on OpenSea saw its highest monthly sales volume since August 2022. OpenSea saw increased activity in the last 30 days. With Blue Chip non-fungible tokens (NFTs) collections at the forefront, the year has so far seen a resurgence of interest in profile-picture (PFP) NFTs.  Advertisements Ethereum-based NFT sales have soared to a four-month […]