Ethereum Watch

Ethereum seems to be running low on gas as it edges towards capitulation. Recent weeks have been nothing but a stain on the vision endorsed by Buterin and his team. The altcoin king dropped to a 14-month low over the weekend as it continues to struggle. Advertisements “Far from home” The Ethereum community was perplexed […]

Advertisements Quick take: Over 12 million Ethereum tokens have been pledged towards ETH 2.0 so far. Deposits from more than 73,000 addresses were recorded by Monday. The staking rate hit 10.72% over the weekend. More than 1/10 of ETH’s circulating supply is now locked up for The Merge. The switch from Proof-of-Work to Proof-of-Stake might […]

Ethereum formed a base near $1,740 and started a recovery wave against the US Dollar. ETH is now facing a major resistance near the $1,900 zone. Advertisements Ethereum started a recovery wave above the $1,800 and $1,820 levels. The price is now trading above $1,820 and the 100 hourly simple moving average. There was a […]

Latest report stated that the Terra crash earlier in May was not caused by a single hostile party. Rather a total of seven wallets were flagged by Nansen researchers as they studied on-chain data from Terra to Ethereum. The report also concluded that the UST de-pegging was not carried out by hackers or attackers.  Advertisements […]

Ethereum has slid on its charts again at the time of writing. Over the last week, the coin lost about 10% of its value. The bears have strengthened in the market because the buyers have left the market. Advertisements Technical outlook of the coin remained bearish and selling pressure mounted. The coin would continue to […]

Advertisements Summary: Ethereum core developers are in agreement that ETH’s difficulty bomb should be delayed by two to four months. The Ethereum developers also floated the idea of combining the difficulty bomb delay with the client releases for the Bellatrix hard fork on the Beacon Chain. An EIP needs to be proposed to the community […]

Ethereum’s Vitalik Buterin has offered two thought experiments on how to establish whether an algorithmic (algo) stablecoin is feasible in the long term. On 25 May, Buterin remarked that increased examination of crypto and DeFi in the aftermath of Terra’s meltdown is “really beneficial. However, he advised against dismissing any algo-stablecoins completely. Advertisements Buterin’s comments […]

Ethereum is one of the most widely-adopted cryptocurrency projects worldwide. Yet, it’s hated worldwide for its sky-high gas (transaction) fees. Users globally constantly complain about the coin’s terribly-high transaction prices on various social media platforms. Advertisements Shockingly, Santiment, an on-chain and metrics platform, published on Twitter a report showing Ethereum’s transaction prices plummeting to their […]

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Advertisements Bitcoin continued to trade within a range from $28.7k to $30.6k, while much of the rest of the altcoin market was in a downtrend. Ethereum managed to stave the bears off in the […]

Advertisements Quick take: Tether (USDT) has launched on the Polygon (MATIC) network. Polygon’s DeFi ecosystem is set to benefit from Tether’s availability on the network. USDT issued on Tron continues to be higher than that issued on Ethereum. A total of $72.537 billion Tether is in circulation with the stablecoin remaining at the number three […]