Ethereum Watch

Advertisements Despite its price compression, ETH hit its highest whale activity in 16 weeks. If history repeats itself, ETH might drop to 2019 lows. Lately, Ethereum [ETH] has been witnessing a significant increase in network activity and accumulation. And the suspects in this regard have been whales who have found the coin dip to $1,650 […]

Advertisements ETH short positions have climbed to their highest level this year. Non-stop distribution amongst daily traders puts the coin at risk of further decline.  Short positions opened against leading altcoin Ethereum [ETH] across cryptocurrency exchanges reached their highest level so far this year, a day after the significant liquidity exit of 17 August.  How […]

Advertisements Exchange outflow passed inflows, impacting stability in ETH price. Activity on the Ethereum mainnet fell. In an interesting turn of events, Ethereum [ETH] has attracted whales’ interest of late. However, it was uncertain if the activities of whales would favor the ETH price action as it looked more or less gloomy in recent times. […]

Advertisements A proposal for the launch of Aave’s V3 iteration on Base has been approved by community members. AAVE sees increased distribution, putting downward pressure on its price. Aave’s [AAVE] governance forum has approved a proposal to deploy the lending protocol’s V3 iteration on the new Layer 2 (L2) scaling network Base. How much are 1,10,100 […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Advertisements Last week, it was discovered that the former U.S. President and 2024 White House contender Donald Trump held up to $500,000 in an Ethereum [ETH] wallet, as per an April filing with the U.S. […]

Advertisements Increased L2 adoption has led to a jump in transaction count across Ethereum Mainnet and major optimistic rollups. Due to the launch of friend.tech, Base outperformed Optimism and Arbitrum last week. The transaction numbers between Ethereum [ETH] Mainnet and major optimistic rollups recently hit their second-highest value ever, IntoTheBlock noted in an 18 August […]

Advertisements The SEC may approve the several Ethereum ETF applications it has received. ETH’s price jumped as the news broke. According to a Bloomberg report, Ethereum [ETH] futures Exchange-Traded Fund (ETF) may be approved by the U.S. SEC sooner than expected. The report, which came out on 17 August, noted that the regulatory is unlikely […]

Advertisements The lack of external catalysts forced top cryptos to stay glued to their narrow ranges. Experts said that the silent phase could be utilized for innovations in the industry. The fiercest critics of cryptocurrencies’ high volatility may be finding it hard to stomach the ongoing dynamics of the market. For the uninitiated, the crypto […]

Advertisements ETH could recover if the open interest continues to decrease. However, the potential rebound to $2,000 depends on the average market behavior. After enduring a period of low volatility and price retracement, Ethereum [ETH] was now standing at a crucial juncture, presenting a potential scenario for a rebound. This was the opinion of Korean […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Advertisements Ethereum volume indicators showed selling pressure was dominant, but the on-chain metrics showed otherwise. Combined with the lack of a strong trend, a bullish resurgence was possible in the coming weeks. Ethereum [ETH] […]