Ethereum Watch

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, […]

Advertisements Quick summary: Ethereum miners are reaping big from ETH fees due to DeFi Their earnings from transaction fees have surpassed those being earned on the Bitcoin network Additionally, the amount of Bitcoin being wrapped on Ethereum continues to grow The value of Ethereum (ETH) is destined to grow with the increased network activity Ethereum […]

Ethereum is facing risks of undergoing a massive plunge as it partially confirms a bearish flag pattern. Advertisements The technical setup appears after an asset forms a consolidation channel upward following a strong bearish move. The downward movement is called flagpole, while the consolidation is referred to as the “flag” itself. Ethereum is forming the […]

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: Earlier today, Etheruem Classic experienced a chain split that hinted of a possible 51% attack.  Crypto exchanges were advised to pause deposits and withdrawals.  Investigations are still ongoing with an initial diagnosis hinting that the chain split was not malicious in nature.  Unmined transactions will be re-submitted.  Earlier today, EtherChain, the team […]

Bitcoin is eyeing a breakout towards $12,000, according to crypto-chart analyst Josh Rager. The analogy appears out of Ethereum’s latest upside move from a consolidation range. Mr. Rager sees Bitcoin repeating the same bullish action as it trades inside a similar sideways pattern. Bitcoin is at the cusp of hitting $12,000 in the coming sessions, […]

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 […]

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. […]

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 […]

Advertisements Quick take: Ethereum’s price action has continued to be dull and resembles that of Bitcoin.  Ethereum’s fate could be tied to that of Bitcoin. A possible postponement of ETH2.0 might have caused Ethereum to experience a local top at $250.  DeFi could offer a reason to remain bullish on Ethereum as more ETH is […]