Ethereum Watch

Advertisements Address outflows from whales contributed heavily to ETH’s latest sell pressure. Some whales are re-accumulating, but it may not be enough to turn the ship around. Ethereum [ETH] has been on an overall bearish trajectory for the last seven days – an outcome that saw it shed last month’s gains. But what has been […]

Advertisements Ethereum’s annual carbon footprint was significantly cut since The Merge. Bitcoin’s estimated annual emissions contributed just 0.15% to the global tally.  Ethereum’s [ETH] annual electricity consumption fell by more than 99.9% after switching from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, according to a report by Ethereum.org. Is your portfolio green? Check out […]

Advertisements Ethereum grew in terms of market cap dominance despite volatility in the sector. Interest in staking rose, and traders turned bullish. Throughout Q2 in 2023, Ethereum[ETH] encountered significant fluctuations and high volatility. Despite these challenges, the Ethereum network demonstrated resilience and continued to attract an influx of new users to its protocol. Notably, the […]

Advertisements Ethereum developers proposed increasing the validator set to reduce the churn limit. The number of validators on Ethereum continued to rise.  Over the past quarter, Ethereum [ETH] experienced significant volatility due to various events in the crypto sector. But despite market fluctuations, Ethereum’s progress remained on track, and the protocol was actively pursuing further […]

Advertisements Ethereum was the protocol with the highest count of fee-paying users in the last six months. It was, however, four places behind Tron in terms of daily active user count. Ethereum [ETH] takes the lead as the project with the highest count of fee-paying users in the last six months, data from Token Terminal […]

Advertisements GHO has launched on the Ethereum mainnet. Aave has replaced MakerDAO as the DeFi protocol with the second-largest TVL. Following the ratification of a proposal to do the same, lending protocol Aave [AAVE] finally launched its over-collateralized stablecoin GHO on the Ethereum Mainnet on 15 July.  The Aave DAO has successfully launched @GHOAave on […]

Advertisements ETH has witnessed over 7% rise in price only three times YTD. YTD, ETH has gained over 66% in value. Ethereum [ETH] and other alternative cryptocurrencies experienced a thrilling surge not too long ago, driven by the uplifting victory of Ripple. The surge proved transient, as a decline has now set in.  Is your […]

Advertisements Ethereum’s NFT ecosystem, after a decline, registered growth during the end of Q2. Though ETH’s daily and weekly charts were green, a few on-chain metrics looked bearish. Messari recently posted its report on Ethereum’s [ETH] Q2 , highlighting its performance on multiple fronts. The king of altcoins’ state in this new quarter looks encouraging […]

Advertisements Ethereum’s active addresses have dropped since the beginning of the year. ETH stake has continued to flow in with prices below $2,000. Despite multiple attempts, Ethereum’s [ETH] price has struggled to break and maintain the elusive $2,000 threshold. Instead, it has been oscillating between $1,700 to $1,800. Could the lackluster price performance be linked […]

Advertisements ETH’s NRPL has returned to negative territory. On-chain metrics revealed traders remain steadfast in coin accumulation.  After a few weeks of Ethereum [ETH] traders posting gains on their investments, the alt’s consolidation around the $1800 price range has caused its Net Realized Profit/Loss (NRPL) indicator to return to the negative territory, data from Santiment […]