Ethereum Watch

Ethereum led the market at press time, as it remained the largest L1 in terms of TVL and fees. ETH’s on-chain performance looked bullish. Ethereum [ETH] registered massive gains during this year’s bull market. However, since peaking on 7 February, ETH’s price dropped by 13%. At the time of writing, it was trading at $1,501.74, […]

Advertisements Just weeks before the Shanghai upgrade, the decline in exchange supply is being seen as a bullish sign. Ether (ETH), the second-largest cryptocurrency by market capitalization, has seen a constant decline in exchange supply over the past six months post-Merge. The Ethereum network underwent a major upgrade in September 2022, moving from a proof-of-work […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Advertisements The market structure and momentum were bearish. A revisit to $1560 was likely but the bears could seize the upper hand afterward. Bitcoin [BTC] bulls were able to keep BTC from falling beneath […]

Ethereum price is attempting an upside correction above $1,500 against the US Dollar. ETH could start another decline if there is no increase above $1,600. Advertisements Ethereum is slowly moving higher above the $1,500 resistance. The price is now trading above $1,510 and the 100 hourly simple moving average. There was a break above a […]

Advertisements ETH derivatives data shows bulls becoming less inclined to defend the current price level, creating an opportunity for more downside. The price of Ether (ETH) declined 10.2% between Jan. 8 and Jan. 10, and has since been range trading near the $1,500 level. More importantly, on a broader time frame, Ether is down 52.5% […]

Coinbase clarifies stance on staking, ETH faces uncertainty. Validators remain positive, however, traders remain pessimistic about the king altcoin. Coinbase, of late, has been found at the heart of the massive FUD surrounding the crypto market. The FUD was stirred due to SEC’s investigation into Coinbase’s rival firm, Kraken. Advertisements Now, after the Kraken incident […]

Advertisements Back in November, the percentage of Ethereum blocks complying with orders from the Office of Foreign Asset Control peaked at 79%. The percentage of Ethereum blocks complying with orders set by the United States Office of Foreign Asset Control (OFAC) has now fallen to 47% — the lowest level since Oct. 11.  The latest […]

Ethereum price extended its decline below the $1,520 level against the US Dollar. ETH must clear the $1,540 resistance zone to start a decent increase. Advertisements Ethereum remained in a bearish zone below $1,550 and $1,540. The price is now trading below $1,540 and the 100 hourly simple moving average. There is a major bearish […]

On Thursday, it was revealed that crypto exchange Kraken reached a settlement with the Securities and Exchanges Commission (SEC) to stop offering staking services for Ethereum and similar cryptocurrencies. This news understandably triggered a dip in the prices of digital assets across the space, but the question now becomes, where does all of the staked […]

ETH bears are losing momentum after a strong pullback in the last few days. ETH exchange balances reach 4-year lows as outflows continue. Ethereum’s native cryptocurrency just concluded the week with a sizable bearish pullback. There is more directional uncertainty as a result, but multiple indicators and metrics may offer some much-needed clarity. Advertisements How […]