Ethereum Watch

In light of the recent crypto market crash, Ethereum [ETH] can be considered one of the worst-hit tokens. Given the performance of the token in the past couple of days, it can be hard to imagine the token back above the $1,000 support line. Advertisements At the height of the crisis, ETH prices had dropped […]

Ethereum declined below the $1,200 zone against the US Dollar. ETH is now at a risk of more losses if it fails to stay above the $1,150 support zone. Advertisements Ethereum started a fresh decline from the $1,250 and $1,280 levels. The price is now trading below $1,200 and the 100 hourly simple moving average. […]

Advertisements Summary: According to a Morgan Stanley analyst, demand for GPUs should reduce with Ethereum transitioning into a proof-of-stake network. The crypto drawdown has further reduced the profitability of Ethereum mining. However, the Ethereum mining community could venture into alternatives such as Ethereum Cash and Ravencoin. Ethereum’s transition from a proof-of-work algorithm to proof-of-stake through […]

Uniswap [UNI] is back in the news after the token resurged amid the ongoing market recovery. The largest DeFi exchange has signs of northern movement since the start of the week. It seems like UNI’s focus is to end June on a high note after looking at the price trajectory in the last few days. […]

Advertisements According to blockchain investigator Packshield, the hacker used a previously withdrawn pledged NFT from the Bored Ape Yacht Club collection as collateral to drain the assets. XCarnival, a liquidity provider for the Ethereum ecosystem, recovered 1,467 Ether (ETH) just a day after suffering an exploit that drained 3,087 ETH, worth roughly $3.8 million, from […]

Ethereum is slowly moving higher above the $1,200 zone against the US Dollar. ETH could continue to rise unless there is a clear move below the $1,150 support. Advertisements Ethereum is facing resistance near the $1,250 and $1,280 levels. The price is now trading above $1,200 and the 100 hourly simple moving average. There was […]

Ethereum [ETH] has had a difficult journey in 2022. The altcoin saw a peak drawdown of -79.5% from its ATH, placing its most sell-off within the upper bound of previous bear market floors. In fact, analysts have highlighted the growing “wall of worry” surrounding ETH’s atmosphere… Advertisements …so what’s in store now? A sense of […]

Advertisements Interestingly, Ethereum has not reclaimed its all-time high against Bitcoin since June 2017 despite the NFT craze. Ethereum’s native token Ether (ETH) has declined by more than 35% against Bitcoin (BTC) since December 2021 with a potential to decline further in the coming months. ETH/BTC weekly price chart. Source: TradingView ETH/BTC dynamics The ETH/BTC […]

Advertisements Summary: Harmony Protocol has offered a $1 million bounty for the return of the stolen funds from the hack of its Horizon bridge and for information on how it happened. Harmony Protocols’ founder has so far identified compromised private keys as the most likely root cause of the exploit. The team at Harmony Protocol […]

The year 2022 has not been very profitable for Ethereum holders. The token is 36.62% up from its cycle low at $897.06. However, it has seen its price value erode over the last eight months. Advertisements I’m losin’ it The second-largest cryptocurrency witnessed a 7% uptick as it traded above the $1.2k mark, at press […]