Ethereum Watch

An analyst predicted that ETH’s price would touch $450 before seeing any significant rally. On-chain data suggests that the analyst’s position might be misconceived.  The dormancy on the ETH network, however, has to see a reversal for the price to rally in the long term  According to CrypotQuant analyst Ghoddusifar, Ethereum’s [ETH] price might touch […]

Ethereum spiked above the $1,300 resistance zone against the US Dollar. ETH is correcting gains, but it remains supported near $1,250 and $1,230. Advertisements Ethereum gained pace for a move above $1,300 before the bears appeared. The price is now trading above $1,250 and the 100 hourly simple moving average. There was a break below […]

Advertisements Despite the new multi-chain vision, the Trader Joe team confirmed that its “true home” and “top priority for all growth efforts” will continue to be on Avalanche. Decentralized finance (DeFi) protocol Trader Joe has announced its very first expansion from Avalanche and onto the Ethereum ecosystem, as part of its plans to access new […]

Advertisements Demand for liquid Ethereum staking options gains pace in the months following the Merge, according to blockchain data. Blockchain data analytics carried out by Nansen highlights the ever-growing amount of Ether (ETH) being staked across various staking solutions in the months following Ethereum’s shift to proof-of-stake (PoS) consensus. The highly anticipated Merge has been […]

Ethereum [ETH] has seen a surge in its count of daily active addresses. The past few days have been marked by increased ETH accumulation. On 28 November, for the first time since 15 October, the number of unique addresses that traded Ethereum [ETH] daily clinched a high of 497,300 addresses, data from Santiment showed.  Advertisements […]

Ethereum gained pace above the $1,250 resistance zone against the US Dollar. ETH even spiked above $1,300 and is currently correcting gains. Advertisements Ethereum remained well supported and even cleared the $1,280 resistance zone. The price is now trading above $1,250 and the 100 hourly simple moving average. There is a key bullish trend line […]

L2 protocols on the Ethereum blockchain reached a monthly all-time high with Optimism and Arbitrum leading the front The Ethereum network was still struggling with sustaining a improved momentum   Ethereum [ETH] layer-two (L2) protocols hit another landmark in proving its 2022 increased adoption as the gas consumption hit a monthly all-time high. This milestone […]

Ethereum managed to clear the $1,230 resistance zone against the US Dollar. ETH tested $1,280 and seems to be forming a strong support near $1,230. Advertisements Ethereum gained bullish momentum and cleared the $1,230 resistance zone. The price is now trading above $1,230 and the 100 hourly simple moving average. There is a short-term bullish […]

Advertisements Expectations of stringent regulation and further contagion from FTX continue to weigh on ETH price, but derivatives are showing a modest improvement in sentiment. Ether (ETH) rallied 5.5% in the early hours of Nov. 29, reclaiming the critical $1,200 support. However, when analyzing a broader time frame, the 24% negative performance in the past […]

Protocols and Layer 2 solutions on Ethereum continue to improve However, Ethereum’s state declines as network growth and velocity go down Ethereum is still in the process of recovering from its post-Merge blues, meanwhile, protocols on the Ethereum network witnessed growth. According to crypto analytics firm Messari, Graph Protocol, a query network protocol for Ethereum, […]