Ethereum Watch

According to data from CoinMarketCap, Bitcoin rose by 2.9% on Friday to trade above $67,000 for the first time since April 24. This positive price performance by the maiden cryptocurrency has been attributed to the low inflation levels reported in the latest Consumer Price Index (CPI) data.  Advertisements However, Bitcoin is an asset subject to […]

The race to achieve the fastest blockchain transaction processing speeds is heating up, Solana (SOL) is in the spotlight as a new report from crypto data aggregator CoinGecko reveals some surprising findings.  Advertisements The study analyzes the real-world transaction per second (TPS) performance of a range of large blockchain networks, both Ethereum-based and non-Ethereum (ETH) […]

Bitcoin maintained a balanced Put/Call Ratio ahead of the deadline ETH traders face potential losses as its price was close to the maximum pain point According to data from Deribit, the market-leading derivatives exchange, Bitcoin [BTC] options with a notional value of $1.18 billion will expire on 17 May. Advertisements Also, Ethereum [ETH] contracts, valued […]

Coinbase projects that Ethereum (ETH) might outshine other cryptocurrencies shortly. Advertisements The company’s recent report suggests that the second-largest cryptocurrency has the potential to surprise its holders positively. Key Factors Supporting Ethereum’s Potential This year, Ethereum has lagged behind the broader crypto market. Despite this underperformance, Coinbase remains optimistic about its long-term prospects. The report […]

Ethereum price tested the $3,040 zone and corrected gains. ETH is now testing the $2,925 support and might aim for a fresh increase. Advertisements Ethereum started a downside correction after the bears defended $3,040. The price is trading below $2,960 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with […]

Ethereum’s exchange reserves hiked over the past week Most metrics suggested that ETH might continue to rally  The crypto-market has turned bullish over the last 36 hours, allowing most cryptos to flash green on their charts. Ethereum [ETH] was no different. In fact, while the token’s price moved up, a buy signal flashed on ETH’s […]

Ethereum price recovered above the $2,920 resistance. ETH is trailing Bitcoin and might struggle to continue higher above the $3,050 resistance. Advertisements Ethereum started a recovery wave and even climbed above $3,000. The price is trading above $2,950 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with […]

SEC could reject spot ETH ETF application based on ‘security’ status. Mixed feelings on possible SEC’s rejection grounds as ETH price dropped.  The US SEC (Securities and Exchange Commission) has been quiet on the status of Ethereum [ETH] and whether it will approve the spot ETH ETF filings.  Advertisements However, a recent development indicates that […]

A recent SEC filing has sparked concerns about the future of spot Ethereum ETFs, potentially shaking the crypto industry’s foundation. Advertisements On May 13, Scott Johnsson from Davis Polk and Wardwell highlighted the SEC’s call for public input on classifying BlackRock’s proposed spot Ethereum ETF as a commodity-based trust. SEC’s Review on Ethereum ETFs Johnsson […]

A recent report reveals that Konstantin Lomashuk and Vasiliy Shapovalov, co-founder of Lido—the largest liquid staking protocol in Ethereum (ETH)—fund a competitor of Ethereum’s restaking protocol EigenLayer. Advertisements According to a source familiar with this matter, Symbiotic is the protocol that will receive Lido co-founder’s backing. It will get support through the Cyber Fund. Symbiotic […]