Ethereum Watch

ETH could drop below $1,500 as many old coins changed wallets. The sentiment remained bearish, but ETH’s burn mechanism could rescue the altcoin in the long-term. Ethereum’s [ETH] plunge to $1,540 has been accompanied by interesting changes that could push the altcoin into capitulation, Santiment revealed. The on-chain analytic platform, in its 12 September post […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Advertisements Ethereum has a bearish market structure on the lower timeframes. Short sellers looking for a drop below $1600 could fall into a near-term bear trap in the event of a bounce toward the […]

Ethereum top two addresses currently hold over $10 billion worth of ETH. ETH’s recent price trend has slumped from its uptrend at the beginning of the year. A recent Arkham Intelligence report has identified the addresses holding the most Ethereum globally. Given this fresh information, how do these holdings compare to the market capitalization of […]

Ethereum’s TVL continued bleeding as the market extended its uncertainty. ETH’s ecosystem maintained some health and top whales have been buying the dip. The crypto market just concluded another one of its most dormant weeks so far in 2023. Ethereum [ETH] and other top networks have experienced a significant slowdown in activity as is usually […]

On-chain data showed that ETH was undervalued at press time. Ethereum’s application in traditional sectors could drive up demand for ETH. Predicting how much one would make from investing in cryptocurrencies is a Herculean task. While some have been successful in the venture, the volatility of the market, macroeconomic factors, and sometimes manipulation have put […]

Open Interest around ETH surged to its highest since the Shanghai Upgrade, indicating a liquidity increase. The USDC/ETH liquidity pool could push ETH in the upward direction. The way Uniswap [UNI] Liquidity Providers (LPs) were utilizing their capital showed that they were optimistic about the price action of Ethereum [ETH], Glassnode revealed. To evaluate this […]

Ethereum’s numerous use cases may have made it a better project than Bitcoin, according to a market player. Regardless, activity on the Bitcoin network outshone Ethereum. The debate about which asset is better between Ethereum [ETH] and Bitcoin [BTC] took another turn on 6 September. This time, it was Dr. Julian Hosp, CEO of CAKE […]

Average daily trade volume across Ethereum’s derivatives market has fallen to new lows in 2023. Following the Shanghai Upgrade, liquidity has gradually exited the futures markets.  In the current cycle, activity across Ethereum’s [ETH] derivatives markets have fallen below levels observed in 2021 and 2022, Glassnode found in a new report.  Advertisements Read Ethereum’s [ETH] Price […]

As negative sentiment began to dwindle, crypto outflows dropped to their lowest in weeks.  With a year-to-date net inflow of $26 million, Solana might be “the most loved altcoin.”  Capital flight from digital asset investment products “cooled off” last week, causing outflows to drop to a low of $11.2 million, digital asset investment firm CoinShares […]

Ethereum’s exchange outflows have increased in the past few weeks. This has occurred despite its sideways price movements. Leading altcoin Ethereum [ETH] has continued to experience a surge in exchange outflows, despite recent price action, on-chain data provider IntoTheBlock noted in a recent post on X. Advertisements ETH continues to record more significant exchange outflows, […]