Ethereum Watch

The Bitcoin (BTC) and the Ethereum price are trading in descending parallel channels, while the XRP price follows an ascending support line. Advertisements Can ETH Price Break out From Channel? ETH, the native token of the Ethereum network, was created by Vitalik Buterin. The Ethereum blockchain is also home to various other cryptocurrencies. The ETH price […]

Key Takeaways The decentralized futures platform GMX has seen an increase in use following the collapse of FTX. Last week, GMX registered a new all-time daily high trading volume of $1.17 billion. Other decentralized trading platforms, such as the Polygon-based Gains Network, have also increased in popularity. Share this article URL Copied Advertisements GMX trading […]

Buying pressure is building up supported by ETH whales and retail accumulation ETH sell pressure is gradually tapering out and may give way to a strong bullish bounce ETH holders who bought the dip last week may have enjoyed some upside but it has been rather limited. This is because last week’s crash left investors […]

Ripple started a strong increase above the $0.350 resistance against the US Dollar. XRP price is now attempting a key upside break above the $0.380 resistance. Advertisements Ripple started a fresh increase from the key $0.320 support zone against the US dollar. The price is now trading below $0.400 and the 100 simple moving average […]

More than a million ETH has left centralized exchanges over the past week. The Ethereum exodus comes in the wake of the FTX collapse as holders grow wary of centralized exchanges. Advertisements According to Glassnode, 1.1 million ETH has been withdrawn from centralized exchanges over the past week. It is the largest 30-day Ethereum balance […]

On-chain data reveals that Ethereum co-founder Vitalik Buterin reportedly dumped 3,000 ETH at $1,250.30 on DeFi protocol Uniswap V3 two days ago. Advertisements Buterin’s transaction history, recorded on Etherscan, shows that he received 5,000 ETH in two payments from the same address just before sending 3000 ETH to the DeFi protocol. Uniswap is an automated […]

Advertisements Summary: Uniswap’s trading volumes for Ether skyrocketed to $1.21 billion, beating centralized exchange Binance. $31 billion worth of transactions happened at decentralized exchange venues over the past week. “Not your keys, not your coins” crypto participants echo as FTX’s crash unravels further. Decentralized cryptocurrency exchange Uniswap facilitated over $1.21 billion in Ethereum transactions as […]

Advertisements The Ethereum merge is the upgrade from proof-of-work to proof-of-stake as a way of validating block transactions on the network. What is the future of GPU mining? The future of GPU mining depends upon miners’ willingness to continue mining alternative GPU mineable cryptocurrencies.  Advertisements Mining, the foundation of PoW cryptocurrencies, may continue to flourish, […]

Post-Merge Ethereum price action has kept traders wondering what’s in store for ETH going forward, but a few positive developments present good long-term prospects.  Advertisements Bears have been at the forefront of the market, with the price action of top cryptocurrencies like Bitcoin and Ethereum dramatically down. With volatility leading the way, ETH price, much […]

The total annualized issuance rate of ETH reduced substantially  Circulation also decreased, adding to Ethereum’s deflationary nature  Many speculations were made regarding what would lie ahead for Ethereum [ETH] post the Merge. One of the doubts that most had was around ETH’s deflationary nature. However, there was some clarity seen on that front as according […]