Ethereum Watch

Ethereum [ETH], the largest altcoin witnessed a major rejection near the $1,420 mark as of 22 September. ETH went down by over 20% in a week despite the Merge hype. There further remained a risk of a drop below the $1,220 support. Various narratives such as “sell the news” began surfacing soon after the Merge […]

Advertisements The Merge marks a turning point for the Ethereum network, but what are the consequences of switching to a new consensus mechanism? On the first day after the Merge, the decentralized finance (DeFi) community is settling into the seemingly uneventful transition of the Ethereum network from proof-of-work (PoW) to proof-of-stake (PoS). However, it has […]

Advertisements Macroeconomic factors and centralization concerns are putting pressure on Ethereum’s price post-Merge. Ethereum’s Merge on Sep. 15 turned out to be a sell-the-news event, which looks set to continue.  Notably, Ether (ETH) dropped considerably against the U.S. dollar and Bitcoin (BTC) after the Merge. As of Sept. 22, ETH/USD and ETH/BTC trading pairs were down by more […]

Ethereum, the largest altcoin is down by 25% over the past seven days. Clearly, the much-hyped Merge narratives failed to work their ‘expected’ charm. Despite the fundamental change in its emission dynamics, the event resulted in a “sell the news” development in the price. Advertisements Now, the question is- From institutional backlash to retail, could […]

Ethereum’s recent upgrade has pushed miners out of its network. Now Ethereum 2.0 support validators who staked 32ETH and above in the network. Advertisements The community expected the merge to push the price of ETH and other cryptos up. But the reverse became the case afterward. Related Reading: Ethereum: Can The Top Altcoin End Bitcoin’s […]

Advertisements In addition to a 0.75% basis point hike, the Federal Reserve also set its 2022 target interest rate at 4.4%, leading Bitcoin analysts to forecast further downside for BTC. Bitcoin (BTC) retreated and reversed its intraday gains after the Federal Reserve announced its third consecutive 75 basis point (bps) interest rate rise on Sept. […]

Advertisements ETH miners have dumped 17,000 ETH in the last seven days, which could be attributed to ETH’s decline. Ethereum is currently trading at $1,330, down 2.16% in the last 24 hours. Several crypto analysts have weighed in on potential causes of Ethereum’s Downward trend, and the mass dumping by ETH miners topped the list. […]

Advertisements Scalability trilemma implies that to scale, blockchains usually need to sacrifice one of their three fundamental cornerstones — security or decentralization, or transaction throughput. After a successful Ethereum Merge, all eyes are set on the next phase of transition, which would introduce key scalability solutions on the platform, including sharding. Market experts believe sharding would be […]

Advertisements Buterin believes collusion and corruption can be minimized when deciding power is in the hands of the entire group, rather than an individual or small minority. Ethereum co-founder Vitalik Buterin has come out swinging in defense of Decentralized Autonomous Organizations (DAOs), arguing that in some circumstances they can be more efficient and fairer than […]

ETHPoW, in contrast to its recent development, rallied 44.85% from its value on 19 September. According to CoinMarketCap, the cryptocurrency went from $0.480 to trade at $6.73 at press time. Advertisements For its investors, this could be a sigh of relief since the breakdown of servers led to a massive loss in value in one […]