Ethereum Watch

Ravencoin (RVN) and Ethereum Classic (ETC) were operated as a safe haven for miners seeking shelter from “The Merge” fallout. The event that completed Ethereum’s transition to Proof-of-Stake (PoS), “The Merge” locked out miners from the ecosystem. Advertisements Leading into the event, Ravencoin, Ethereum Classic, and other Proof-of-Work (PoW) cryptocurrencies were recording double-digit gains. The […]

Advertisements Summary: On-chain analytics startup Nansen reported massive inflows into staked Ether tokens following the Merge. Ethereum’s proof-of-stake upgrade successfully shipped on September 15, EWN reported. “Smart money” investors have deployed over $33 million into locked-up Ether coins in the past week alone. Ethereum’s upgrade dubbed the merge seemingly bolstered investors’ faith in protocols like […]

Advertisements Chandler Guo said that the price of ETHW would match ETH in ten years. He also confirmed on his interview with Bitcoin.com that there would be over 100 projects running on top of ETHPoW. ETHW has crashed from over $50 to under $10 following The Merge. Chandler Guo, the man behind the hard fork […]

Ethereum funding rates had taken a beating after the Merge was completed. This event was the single most anticipated upgrade in the history of the network, and it had affected both price and funding rates in adverse ways. However, as the market begins to settle into the new normal of Ethereum being a proof of […]

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. […]