Ethereum Watch

Advertisements Quick take: The amount of ETH and BTC locked in DeFi currently stands at $4.78 Billion This amount represents 43% of the total value locked in DeFi The number of ETH locked in DeFi has increased by 194% in 2020 The number of BTC locked in DeFi has increased by 10,000% The hype surrounding […]

Advertisements Quick take: According to Weiss Ratings, buying and holding Bitcoin is a better option than holding ETH 2017 was the first time ETH hit $300 when Bitcoin was at $1,000 ETH is still in the $300 levels with BTC now 11x higher Ethereum is a good trading instrument but Bitcoin is a better option […]

Advertisements Quick take: KuCoin’s risk management system detected unusual crypto withdrawal activity beginning today, 2:51 am (UTC +8) The exchange soon confirmed it was a hack KuCoin CEO, Johnny Lyu, confirmed KuCoin has an insurance fund to cover all losses $150 Million in Bitcoin, Ethereum and other ERC20 tokens was taken KuCoin is in constant […]

Advertisements In summary: Ethereum’s price had shown signs of weakness as daily active addresses and network growth had started fading Furthermore, exchange wallets exploded to a 6-month high signifying a possible top for ETH Additionally, Ethereum’s correlation with Bitcoin has started to increase once again Ethereum is once again below the crucial $365 support level. […]

Advertisements In brief: After breaking $12k and $400, Bitcoin and Ethereum fell hard to $10,500 and $325. Crypto traders were caught off guard with over $1 Billion in liquidations. The volatility might just prove that we are in a crypto-wide bull market. The month of August opened on a high note in the crypto markets. […]

Advertisements In brief: It has been an exciting week for Ethereum as ETH broke the $250 resistance level.  Next on its path, is $290 and Ethereum looks set to break this level also by August.  Ethereum open interest on Deribit’s ETH options hit a new all-time high pointing towards increased interest in trading Ethereum.  It […]

Advertisements In brief: China has ordered the US to close the American consulate in Chengdu. This move is in retaliation to the United States ordering the closure of China’s consulate in Houston. The back and forth between the two superpowers is creating uncertainty that has spread to the traditional and crypto markets. Earlier today, the […]

Advertisements Quick take: The OCC has formally given the green light for US banks to offer crypto custody solutions for their customers. Bitcoin (BTC) and Ethereum (ETH) have rallied as a result. US Banks being allowed to offer crypto custody is bullish for they will provide faster fiat onramps. Bitcoin and Ethereum have reacted positively […]

Advertisements Quick take: Bitcoin has been in a state of continuous sideways movement since early June.  Social media dominance of BTC has been dropping and could point to an alt season.  A bullish ETH/BTC chart hints of altcoins gaining in the crypto markets.  Additionally, the Shit-coin Perpetual contract on FTX recently hit a new All-Time […]

Advertisements In brief: Bitcoin’s correlation with the S&P 500 is still very much intact as witnessed in yesterday’s dip. Ethereum is also highly correlated to BTC.  Therefore, logic dictates that Ethereum is also highly correlated to the S&P 500.  If ETH is a measure of the alt-market, then the entire alt-coin market is also correlated […]