Ethereum Watch

Ethereum declined towards the $530 zone before recovering above $550 against the US Dollar. ETH price is now facing a strong resistance near the $580 level and the 100 hourly SMA. Advertisements Ethereum started a strong recovery wave above the $550 and $565 resistance levels. The price is now facing hurdles near the $580 level […]

Advertisements Bulls swooped in to buy Ethereum as it dropped to a critical support level and now they’ve set their sights on $590. Bitcoin’s Dec.8 breakdown to $17,650 weighed heavily on most altcoins and Ether was not spared from the carnage.  Daily cryptocurrency market performance. Source: Coin360 As the price of Bitcoin (BTC) dropped precariously […]

Advertisements Blockchain interoperability has been a long-time dream for the Ethereum network, and ConsenSys eyes the latest release to deliver it. Enterprise blockchain applications are slowly but surely making their way to public networks, especially as new upgrades and features are being implemented into the Ethereum ecosystem. While Eth2 promises to bring scalability, security and […]

Advertisements Quick take: Ethereum’s correlation to Bitcoin had dropped to as low as 0.42 in late November Such levels were last seen in 2018 Ethereum’s correlation to Bitcoin has since increased to 0.75  This is an increment of 178% in two weeks Ethereum’s price is once again in bearish territory However, a bounce is likely […]

Ethereum started a strong decline after it failed to surpass $600 against the US Dollar. ETH price declined over 6% and it is now trading near the $550 level. Advertisements Ethereum started a strong decline after it failed to clear the $600 and $602 resistance levels. The price broke the key $585 support and settled […]

Advertisements Eth2’s rollout could result in enterprises flocking to a more secure and scalable Ethereum network. The highly anticipated security and scalability upgrade to the Ethereum network launched as planned on Dec. 1, marking a huge milestone for the Ethereum community. On the surface, the Eth2 Beacon Chain will help ensure an increase in scalability […]

Advertisements He believes that rising adoption will drive Bitcoin higher next year, and that DeFi will have a similar effect on Ethereum. 2021 is shaping up to be a tremendous year not only for gold but for cryptocurrencies as well, according to Frank Holmes, CEO of U.S. Global Advisors.  In a Monday interview with Kitco […]

Yearn.finance’s native token, YFI, is expected to outperform into 2021 due to fundamental and technical trends. Advertisements A leading crypto-asset analyst recently shared that YFI’s recent price action looks extremely similar to that of Ethereum prior to the cryptocurrency’s major bull run in 2017. This fractal comparison suggests that Yearn.finance’s native token will undergo an […]

Advertisements First conceived by Vitalik Buterin in Ontario, Ethereum is now available to Canadians in the form of an ETF. Next week, Canadian digital asset investment manager 3iQ will be launching an IPO for the world’s first Ethereum ETF, The Ether Fund, on the Toronto Stock Exchange (TSX) under the ticker QETH.U. The maximum offering […]

Key Takeaways The total number of DeFi users is currently at 1,001,461, according to data from Dune Analytics. The site analyzed usage of Ethereum-based DeFi protocols such as Uniswap, Compound, Aave, and MakerDao. The site registers the number of unique Ethereum addresses to estimate the number of users. Share this article There are now over […]