Ethereum Watch

US SEC seeks comments on ETH ETF applications for Grayscale, Bitwise and Bitwise.  Analyst maintains low odds of May approval, calls the comments “standard procedure.” On the 3rd of April 2024, the U.S. Securities and Exchange Commission (SEC) opened a public comments period for Ethereum [ETH] ETF filing amendments tied to Bitwise, Fidelity and Grayscale.  […]

VanEck, a leading investment management firm, has projected a monumental $1 trillion valuation for Ethereum’s Layer-2 (L2) networks by 2030. Advertisements This bold forecast highlights the significant role L2 solutions play in scaling the Ethereum network, addressing its core scalability challenges. How Ethereum Layer-2s Can Collectively Achieve $1 Trillion Valuation? According to CoinMarketCap data, the […]

Ethereum price is struggling to recover above the $3,360 resistance zone. ETH is now showing signs of more losses below the $3,300 and $3,250 levels. Advertisements Ethereum is facing many hurdles near the $3,350 and $3,360 levels. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There was a break below a […]

Amidst the uncertainty around Ethereum ETFs, ETH declined by 7.98% over the week. Despite optimism about EigenLayer’s protocol, challenges with Ethereum restaking were noted. As anticipation mounted for the potential approval of Ethereum [ETH] Exchange-traded Funds [ETFs], market sentiment toward Ethereum appeared to be uncertain. Advertisements According to CoinMarketCap, ETH was priced at $3,315.89, declining […]

Leading cryptocurrency exchange, Coinbase has released a new report delving into the restaking trends in Ethereum. The report, authored by analysts David Han and David Duong, explores how restaking could reshape validator incentives, potentially unlocking new opportunities and introducing complex risks. Advertisements Coinbase analysts explain why restaking has emerged as a major theme within the […]

Ethereum price extended its decline below the $3,320 support zone. ETH is now consolidating and might start a fresh increase if it clears $3,320. Advertisements Ethereum remained in a bearish zone and traded below the $3,320 support zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a major bearish […]

As blockchain technology progresses, the appearance of Layer 3 (L3) has triggered an extensive conversation among industry experts and developers alike. Vitalik Buterin, the co-founder of Ethereum, has recently joined the ongoing discussions. Advertisements Vitalik Buterin took to X (Twitter) to share an old article titled “What kind of layer 3s make sense?”. He originally […]

ETFs reshape cryptocurrency, propelling Bitcoin to surpass previous all-time highs. Clear regulations are needed for Ethereum to protect consumers and stabilize markets. The Exchange-traded funds (ETFs) have revolutionized the cryptocurrency landscape, particularly for Bitcoin. These ETFs, combined with other external factors, have tossed Bitcoin’s price to surpass its previous all-time high. Advertisements However, the market’s […]

Ethereum investors are navigating the second quarter of 2024, cautiously embracing optimism, leveraging insights from historical trends and market data to anticipate potential gains. Advertisements Santiment’s recent analysis reveals that the number of Ethereum addresses holding coins has reached highs of more than 118,000, with midterm MVRV suggesting a mild bullish signal. These indicators, combined […]

Degen Chain’s explosive growth has sparked debate on the utility of L3s.  Polygon Chief claims that L3s could undermine Ethereum’s security and value.  Polygon [MATIC] CEO Marc Boiron has expressed his reservations about Ethereum [ETH] layer 3s (L3s) and highlighted their risks.  Advertisements Penning his thoughts on X (formerly Twitter), Boiron stated that L3s siphon […]