Ethereum Watch

The positive reading of the bulls and bears indicator suggests that the price might increase. Ethereum’s network was overvalued and could hinder the potential upswing. The price of Ethereum [ETH] might have decreased by 7.30% in the last 24 hours, but an assessment of a key indicator suggested that the decline might soon end. Advertisements […]

Ethereum’s fees hit a six-month low in the past seven days. ETH was down by 6%, and metrics looked bearish.  As L2s gain popularity, Ethereum’s [ETH] network usage plummets, reaching a six-month low. Advertisements This aligned with Vitalik Butarin’s 2020 roadmap, which aimed to enhance scalability by offloading transactions from the mainnet. In the meantime, […]

The number of new ETH staked daily has dropped on the charts This can be attributed to the altcoin’s meek price performance The daily amount of new Ethereum [ETH] staked fell to a year-to-date (YTD) low on 6 May, according to Glassnode’s data.  Advertisements Information from the on-chain data provider revealed that the number of […]

Community is bearish on Solana and Ethereum, but experts are still very bullish on SOL. Crypto markets are still correcting, with most altcoins currently in the red. The crypto market is still reeling from a strong case of the corrections, and altcoins are having it worse than all. Advertisements At press time, almost all the […]

Ethereum has recorded low capital inflows since January compared to Bitcoin. ETH’s long-term holders continue to wait for a new all-time high. Leading altcoin Ethereum [ETH] has underperformed compared to Bitcoin [BTC] since January, Glassnode found in a new report.  Advertisements According to the on-chain data provider, while BTC, aided in part by the US […]

Data showed that ETH’s underwhelming performance has restricted money flow in the market. Old coins were moving, indicating that selling pressure might continue. Ethereum [ETH] is challenged with replicating its performance in the last bull market, according to a recent report. Put together by 10x Research, the report stated that the project’s fundamentals have weakened. […]

One of Ethereum’s top whales has dumped seven thousand tokens, making over $16 million in profits. Ethereum’s price has seen very minute increases; Analysts expect bulls to take control back. Ethereum [ETH], the second-largest cryptocurrency in the world, continues struggling to regain its footing after a dramatic free-fall that sees investors holding on for dear […]

Whales accumulated over $9 million worth of ERC-20 tokens. Pepe and LINK saw a more positive price trend than UNI. Recently, Pepe [PEPE], Uniswap [UNI], and Chainlink [LINK] witnessed significant whale accumulations. While UNI stood out with its distinct price trend, PEPE and LINK displayed similar price movements. Advertisements Another commonality among these assets is […]

ETH’s price appreciated by over 5% on 3 May This contributed to a hike in the number of short positions liquidated Ethereum’s [ETH] 7% price rally during the intraday trading session on 3 May caused short liquidations on its derivatives market to rally to a two-month high, according to Coinglass.  Advertisements In fact, the on-chain […]

BTC and ETH traded below their maximum pain points, suggesting that traders might face severe losses Implied Volatility dropped, implying a lack of bullish expectations going forward Bitcoin [BTC] and Ethereum [ETH] options contracts worth about $2.3 billion are set to expire on Friday, 3 May. According to Deribit Exchange, the Bitcoin options are valued […]