Ethereum Watch

Ethereum started a downside correction from the $335 swing high against the US Dollar. ETH price is currently approaching a major support zone near $305 and the 100 hourly SMA. Advertisements Ethereum is losing bullish momentum and it is now trading below $320. The price is likely to find a strong buying interest near $305 […]

Ethereum is up over 8% and it broke the $325 resistance zone against the US Dollar. ETH price tested the $330 level and it is likely to continue higher towards $350. Advertisements Ethereum is surging and it is now trading well above the $300 handle. The price traded to a new monthly high at $300 […]

Key Takeaways On-chain activity on Ethereum is growing as DeFi popularity grows Ethereum is slow, and this is unlikely to change soon Off-chain solutions are getting implemented to increase Ethereum’s scalability Share this article On-chain activity on the Ethereum network has been surging in 2020 to the levels previously seen amid the 2017-2018 bull run. […]

Ethereum broke out of its sideways range on July 21, eventually establishing a quarter-to-date high at $280.76. The breakout move also confirmed a Bullish Flag pattern, a continuation signal that occurs as a brief pause following a significant price move higher. It has now set Ethereum en route to its ideal price target near $350. […]

Key Takeaways Matcha is a decentralized exchange built on 0x Protocol. The DEX’s most enticing feature is its superior user design, making it easy to onboard new users. The team behind Matcha are making a big bet that the current DeFi experience is simply missing an attractive design space. Share this article Though activity on […]

The number of active Ethereum addresses rose by 100 percent in 2020, according to data fetched by Messari. The volume picked momentum on signs of growth within the decentralized finance sector (DeFi). Meanwhile, the ETH/USD exchange rate also grew higher, breaking above $250 for the first time since February 2020. Ethereum addresses that either send […]

Ethereum gained bullish momentum above the $240 resistance against the US Dollar. ETH price is currently correcting gains, but it is likely to resume its upside above $245. Advertisements Ethereum settled above the $235 resistance and it climbed above the $242 resistance. The price traded as high as $247 and it is currently correcting lower. […]

Key Takeaways The debate around DeFi token valuations has crypto investors divided One indicator suggests that LEND is trading a premium because the market values Aave’s product innovation By the same metric of innovation, SNX is also currently undervalued Share this article Is DeFi a massive bubble or fairly valued? Two valuation methods can help […]

Ethereum’s Ether is recovering and trading above the $235 resistance against the US Dollar. ETH seems to be preparing for a crucial upside break above $238 and $240. Advertisements Ether is recovering from the $232 support and trading above $235. The price is now approaching the main $238 and $240 resistance levels. There is a […]

Key Takeaways Abra was conducting synthetic swaps, drawing the attention of U.S regulators DeFi protocols need to decentralized their governance mechanisms Only two DeFi protocols with more than $100 million of locked liquidity have mitigated major regulatory risks Share this article After the SEC and CFTC’s orders against California based Abra, the next target could […]