Ethereum Watch

Ethereum is up 7% and it broke the $340 resistance zone against the US Dollar. ETH price is now facing a major hurdle near $350 and $355, above which it could rally significantly. Advertisements Ethereum started a steady recovery wave from the $313 swing low. The price broke the $340 resistance level and the 100 […]

Ethereum is the primary cryptocurrency benefiting from the DeFi trend. And while a rising tide lifts all boats, the demand for the top-ranked altcoin is second-to-none. Advertisements And while Ethereum is dominating the crypto market right now, its DeFi that is dominating the headlines in the media, not the altcoin that makes it all possible. […]

Last week, Uniswap launched its UNI token and set the crypto market ablaze with renewed interest in the DeFi project. The 400 free tokens essentially acted as a stimulus check, and as investors rushed to cash their “checks,” it brought Ethereum fees sky-high to a record nearly $1 million in a single hour. Advertisements What […]

Ethereum is looking to fall towards $200 after breaking a multi-week support level this Monday. Advertisements The price floor was a part of a Bear Flag pattern. In retrospect, Bear Flag appears as an asset consolidates in an upward channel following a robust directional move down. The price eventually breaks below the Channel’s lower trendline, […]

Ethereum recovered above the $380 and $385 resistance levels against the US Dollar. ETH price is struggling to clear the $400 resistance, but it is holding the key 100 SMA (H4). Advertisements ETH price is trading well above the $360 and $375 resistance levels against the US Dollar. The price traded to a new weekly […]

Key Takeaways SushiSwap popularized fair launches, causing forks of nearly every significant DeFi protocol to emerge. Fair launches are a flawed concept and can severely erode development incentives in DeFi and crypto. Putting in a few weeks of work on a fork versus years of effort into building something new has a lopsided reward and […]

Key Takeaways SAFE protocol has met its end with the departure of lead investor, Azeem Ahmad. Insurance Chef along with a team of core developers and advisors will spearhead the migration of SAFE tokens to the new COVER protocol.  COVER tokens will enable buying and selling of insurance coverage along with providing liquidity mining incentives.   […]

The price of Ethereum (ETH) has dropped from $488 on September 2 to below $380, falling by over 22%. If the correction of ETH continues, traders say decentralized finance (DeFi) tokens could further suffer. Advertisements Despite the rally of Bitcoin from $10,300 to over $11,000, DeFi tokens and Ethereum have underperformed. Advertisements The daily chart […]

Key Takeaways Nexus Mutual insurance crossed the $200 million active coverage mark as the liquidity and demand for smart contract insurance kept growing. A significant portion of the surge was led by the incentive for liquidity mining of SAFE tokens. The lack of incentive after mining and a mistake by developers caused SAFE to dump […]

Ethereum has been seeing some intense selling pressure over the past few days, which has likely come about due to the trend reversal seen amongst DeFi tokens. Advertisements Because the DeFi market is essentially built on top of Ethereum, the ETH token has been heavily influenced by the expansion of this sector. That being said, […]