Ethereum Watch

Ethereum (ETH) network activity increased has been sharply increasing. But will this also have a positive effect on the ETH price? Advertisements The Ethereum price is on the verge of a bullish breakout, with chances of a bullish trend reversal. To do this, ETH must pass the important Fibonacci resistance between $2,400 and $2,600. The Overwhelming Majority of Ethereum […]

Advertisements Of all DeFi protocols, MakerDAO has seen the most revenue in 2023. This comes after it witnessed a significant TVL decline, and its DAI stablecoin briefly lost its peg. MakerDao [MKR] has emerged as the decentralized finance (DeFi) protocol with the most revenue in 2023, data from DefiLlama has shown. Advertisements Source: DefiLlama This […]

The past few weeks have been a rollercoaster ride for Ethereum. Buoyed by a waning Bitcoin dominance and an influx of traders seeking greener pastures, Ethereum’s price surged towards critical resistance levels near $2,500. Advertisements Yet, a palpable anxiety lingers in the air, fueled by questions about Ethereum’s long-term scalability and the increasing chorus of […]

Advertisements Ethereum saw a drop in the Estimated Leverage Ratio. In combination with other metrics, the inference was that bullish certainty was falling. In a report last week, AMBCrypto highlighted that Ethereum [ETH] has underperformed Bitcoin [BTC] in recent weeks. Comparing their performance in December, AMBCrypto found that ETH has gained 11.3% at press time, […]

Advertisements ETH HODLers were unconcerned about the altcoin’s price fluctuations. The short and long-term technical outlook suggested a bullish move for ETH. Long-term Ethereum [ETH] holders have desisted from liquidating their holdings while helping the coin reach a new milestone, IntoTheBlock noted. According to IntoTheBlock, the amount of ETH owned by HODLers has now hit […]

According to a report from crypto analytics firm IntoTheBlock, Ethereum has recorded an 85% increase in its market cap over the last year, moving from around $149.18 billion to its current value of $275.98 billion. However, in comparison with other major assets, ETH performance still leaves more to desire, especially considering the many positive developments […]

Advertisements Ethereum developers target January for the first testnet deployment. Progress made on the network increased, gas usage surged. Ethereum [ETH] developers intensify testing for the upcoming Dencun upgrade, a significant milestone anticipated next year, introducing increased data storage capacity through the implementation of a process termed “proto-danksharding.” More updates and upgrades In a biweekly […]

Advertisements ETH may displace Bitcoin’s dominance next year, an investor pointed out. Long-term investors are confident of the altcoin’s performance. According to Raoul Pal, Ethereum [ETH] will outperform Bitcoin [BTC] by 2024. Pal, who shared the opinion on X, noted that there could be a repeat of the 2021 cycle where BTC initially beat ETH’s […]

BitMex founder Arthur Hayes has revealed that he is diverting his interest toward Ethereum (ETH) while disclosing a bold prediction for the crypto asset. Advertisements Arthur Hayes Doubling Down On Ethereum Arthur Hayes recently took to X (formerly Twitter) to share his optimism and prediction about the future of Ethereum, and the post has since […]

Advertisements ETH accumulation has been increasing, suggesting a move toward $2,500. Market participants are not convinced that the coin is about to jump. According to AMBCrypto’s evaluation of Santiment, active addresses on the Ethereum [ETH] blockchain have been rising. As of 18th December, the 24-hour active addresses was 395,000. But at press time, the metric […]