Ethereum Watch

Ethereum Foundation researcher Justin Drake revealed that he became an advisor to the EigenFoundation, an independent non-profit focused on the restaking protocol EigenLayer. Advertisements In an extensive May 19 post on social media platform X, Drake revealed the extent of the relationship with the project and how he plans to operate. EigenLayer Gets New Advisor […]

ETH could be close to its bottom after the transaction size failed to spike. While the price might slip, traders are convinced of a quick recovery. On the 19th of May, AMBCrypto observed that Ethereum’s [ETH] average transaction size had fallen to $2,767. This was a 54.13% decline from the metric when the month began. […]

ETH wants to break above resistance. The bulls supported the coin’s uptrend with a number of markers spotted on a daily chart.  Leading altcoin Ethereum [ETH] is poised to breach the upper line of its descending channel, suggesting a decline in selling pressure. Advertisements At $3,100 at press time, the coin’s value has risen by […]

According to data from CoinMarketCap, Bitcoin rose by 2.9% on Friday to trade above $67,000 for the first time since April 24. This positive price performance by the maiden cryptocurrency has been attributed to the low inflation levels reported in the latest Consumer Price Index (CPI) data.  Advertisements However, Bitcoin is an asset subject to […]

The race to achieve the fastest blockchain transaction processing speeds is heating up, Solana (SOL) is in the spotlight as a new report from crypto data aggregator CoinGecko reveals some surprising findings.  Advertisements The study analyzes the real-world transaction per second (TPS) performance of a range of large blockchain networks, both Ethereum-based and non-Ethereum (ETH) […]

Bitcoin maintained a balanced Put/Call Ratio ahead of the deadline ETH traders face potential losses as its price was close to the maximum pain point According to data from Deribit, the market-leading derivatives exchange, Bitcoin [BTC] options with a notional value of $1.18 billion will expire on 17 May. Advertisements Also, Ethereum [ETH] contracts, valued […]

Coinbase projects that Ethereum (ETH) might outshine other cryptocurrencies shortly. Advertisements The company’s recent report suggests that the second-largest cryptocurrency has the potential to surprise its holders positively. Key Factors Supporting Ethereum’s Potential This year, Ethereum has lagged behind the broader crypto market. Despite this underperformance, Coinbase remains optimistic about its long-term prospects. The report […]

Ethereum price tested the $3,040 zone and corrected gains. ETH is now testing the $2,925 support and might aim for a fresh increase. Advertisements Ethereum started a downside correction after the bears defended $3,040. The price is trading below $2,960 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with […]

Ethereum’s exchange reserves hiked over the past week Most metrics suggested that ETH might continue to rally  The crypto-market has turned bullish over the last 36 hours, allowing most cryptos to flash green on their charts. Ethereum [ETH] was no different. In fact, while the token’s price moved up, a buy signal flashed on ETH’s […]

Ethereum price recovered above the $2,920 resistance. ETH is trailing Bitcoin and might struggle to continue higher above the $3,050 resistance. Advertisements Ethereum started a recovery wave and even climbed above $3,000. The price is trading above $2,950 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with […]