Ethereum Watch

Advertisements Members of Lido’s governance body are considering a new proposal to discontinue the protocol’s operations on Polygon.  The demand for MATIC has plummeted in the past ten days.  In the wake of Lido Finance’s [LDO] withdrawal from the Solana [SOL] network, a proposal has surfaced among community members to sunset the liquid staking protocol […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Advertisements ETH bulls looked to cede control back to sellers after the price rejection at resistance level. Bulls could still recover despite selling pressure. Ethereum’s [ETH] early October bullish run from the $1,619 support […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Advertisements Ethereum has a bearish market structure across multiple timeframes. The psychological support level at $1500 could face a retest in the coming weeks. Ethereum [ETH] has been in a rough spot on the […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Advertisements Ethereum reclaimed the mid-range of $1600 but hit an obstacle. Crucial sell limit orders were at $1650, $1700, and $1800. Ethereum [ETH] posted about 5% gains after rising from $1550 on 12 September […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Advertisements Ethereum has a bearish market structure on the lower timeframes. Short sellers looking for a drop below $1600 could fall into a near-term bear trap in the event of a bounce toward the […]

Average daily trade volume across Ethereum’s derivatives market has fallen to new lows in 2023. Following the Shanghai Upgrade, liquidity has gradually exited the futures markets.  In the current cycle, activity across Ethereum’s [ETH] derivatives markets have fallen below levels observed in 2021 and 2022, Glassnode found in a new report.  Advertisements Read Ethereum’s [ETH] Price […]

As negative sentiment began to dwindle, crypto outflows dropped to their lowest in weeks.  With a year-to-date net inflow of $26 million, Solana might be “the most loved altcoin.”  Capital flight from digital asset investment products “cooled off” last week, causing outflows to drop to a low of $11.2 million, digital asset investment firm CoinShares […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Advertisements ETH’s recent pump waned and eased towards $1700 at press time.  Open Interest surged to $5 billion, last seen on 18 August, but later dipped. After an impressive pump on 29 August, Ethereum […]

Advertisements A proposal for the launch of Aave’s V3 iteration on Base has been approved by community members. AAVE sees increased distribution, putting downward pressure on its price. Aave’s [AAVE] governance forum has approved a proposal to deploy the lending protocol’s V3 iteration on the new Layer 2 (L2) scaling network Base. How much are 1,10,100 […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Advertisements Ethereum volume indicators showed selling pressure was dominant, but the on-chain metrics showed otherwise. Combined with the lack of a strong trend, a bullish resurgence was possible in the coming weeks. Ethereum [ETH] […]