Ethereum Watch

Top altcoin Ethereum has been facing some resistance lately, slowing down growth to a snail’s pace as ETH is smothered in red in the charts. At the time of writing, the altcoin is currently facing losses in the one-hour time frame, the 24-hour, as well as in the weekly. Advertisements The current situation for Ethereum […]

ChatGPT’s ENS domain sold for 139x of its initial sale. Registrations remain in shambles despite an increase in 24-hour trading volume. Despite not being a part of AI token, Ethereum Name Service [ENS] became part of the cryptocurrencies that have gained from ChatGPT’s rise. According to the sales bot of the open naming system, the […]

Rising gas prices could affect Ethereum. NFT trades decline, but traders show optimism. As the Ethereum [ETH] network continues to grow, new data has revealed an alarming trend. Gas fees on the Ethereum network have been steadily increasing since the network’s recent merge. This rise in gas prices might hinder the adoption of Ethereum, as […]

Ethereum network’s validator numbers remained steady despite bear market. Decreased whale interest, network growth, velocity, and trader sentiment raised concerns. Validators on Ethereum [ETH] could play a significant role in the network’s future. New data on 6 February suggested that the number of new validators added to the network remained constant in 2022, even during […]

Ethereum’s network demand and bullish price action underpin the surge in gas fee prices. ETH net exchange outflows support bullish dominance despite the market slowdown. The Ethereum network has been criticized in the past for the expensive nature of fees. This is often the case especially when there is a lot of network usage and […]

Public testnet launched before Shanghai upgrade activation. There was an increased interest from validators in the Ethereum ecosystem. The launch of Ethereum‘s Zhejiang testnet on 1 February marked an important milestone in the journey towards the Shanghai upgrade. Advertisements Zhejiang is different from previous Ethereum testnets as it is open to the public, allowing anyone […]

There was a notable increase in the number of ETH burned, but miner revenue declined. Ethereum’s development activity prevailed in highs as Shanghai upgrade draws near. The EIP-1559 proposal was approved as a solution to congestion of the Ethereum [ETH] network. Reportedly, the proposal will also help the blockchain with token deflation. The activity somewhat […]

Ethereum’s price went up by over 40% since January. Network growth, however, declined. With a price increase of over 40%, Ethereum [ETH] had a successful January. Although short-term investors can consider this a success, would it be advantageous to hold the asset for the foreseeable future? Advertisements Read Ethereum’s [ETH] Price Prediction 2023-24 ETH sees a […]

In January, ETH’s supply decreased by 10,145.72 units. February might be marked by a price decline.  According to data from Ultrasound Money, in January, Ethereum’s [ETH] supply decreased by 10,145.72 units, resulting in a net deflationary value of approximately $16 million. As of this writing, the current total supply of ETH stood at 120,515,752, with […]

Due to the fall in prices of some native coins, Lido’s TVL declined in the last week. The buying pressure for LDO has declined significantly, and a price drawback might be on the horizon. Lido Finance [LDO], a prominent liquid staking protocol, experienced a drop in its Total Value Locked (TVL) in the past week […]