Ethereum Watch

Ethereum’s TVL continued bleeding as the market extended its uncertainty. ETH’s ecosystem maintained some health and top whales have been buying the dip. The crypto market just concluded another one of its most dormant weeks so far in 2023. Ethereum [ETH] and other top networks have experienced a significant slowdown in activity as is usually […]

The price of Ethereum seems to be back under the influence of the current market sentiment despite enjoying a relatively positive week. On Wednesday, September 6, Ark Invest filed for the first Ethereum spot exchange-traded fund (ETF) in the United States. Advertisements This ETF application had a tame impact on the price of Ether, with […]

On-chain data showed that ETH was undervalued at press time. Ethereum’s application in traditional sectors could drive up demand for ETH. Predicting how much one would make from investing in cryptocurrencies is a Herculean task. While some have been successful in the venture, the volatility of the market, macroeconomic factors, and sometimes manipulation have put […]

Over the past year, the discount to the net asset value (NAV) for the Grayscale Ethereum Trust has reached its narrowest point. Intriguingly, this comes on the heels of applications for what might become the United States’s premier spot Ethereum exchange-traded fund (ETF). Advertisements According to YCharts, the discount now hovers around 26.64%. To put […]

Open Interest around ETH surged to its highest since the Shanghai Upgrade, indicating a liquidity increase. The USDC/ETH liquidity pool could push ETH in the upward direction. The way Uniswap [UNI] Liquidity Providers (LPs) were utilizing their capital showed that they were optimistic about the price action of Ethereum [ETH], Glassnode revealed. To evaluate this […]

Advertisements Consensys zkEVM Linea head Nicolas Liochon says speed and execution will continue to increase as it tweaks its Ethereum layer-2 scaling solution. Zero-knowledge (ZK) proof solutions have proved critical in helping scale the Ethereum ecosystem, but proto-danksharding is expected to drastically reduce the cost of rollups, according to Consensys’ zkEVM Linea head Nicolas Liochon. Speaking […]

Ethereum price is eyeing an upside break above $1,650 against the US Dollar. ETH could gain bullish momentum if it clears $1,650 and $1,670 in the near term. Advertisements Ethereum is slowly moving higher above the $1,620 support zone. The price is trading above $1,640 and the 100-hourly Simple Moving Average. There is a key […]

Advertisements Metagood CEO Danny Yang attributed the move to the Bitcoin network being seen as a more secure platform for its users, among other reasons. The team behind nonfungible token collection OnChainMonkey is shifting its entire collection of 10,000 NFTs from Ethereum to Bitcoin, in a massive undertaking expected to take several months. “A historical […]

Ethereum’s numerous use cases may have made it a better project than Bitcoin, according to a market player. Regardless, activity on the Bitcoin network outshone Ethereum. The debate about which asset is better between Ethereum [ETH] and Bitcoin [BTC] took another turn on 6 September. This time, it was Dr. Julian Hosp, CEO of CAKE […]

Ethereum price is eyeing an upside break above $1,650 against the US Dollar. ETH must stay above $1,600 to start a fresh increase in the near term. Advertisements Ethereum is slowly moving higher from the $1,620 support zone. The price is trading above $1,632 and the 100-hourly Simple Moving Average. There is a connecting bullish […]