Ethereum Watch

Ethereum’s NFT activity indicates dwindling interest. Ethereum sees midweek network activity surge reflecting a surge in demand. Just two years ago, the NFT market was one of the hottest segments in DeFi, with Ethereum as the leading network. Fast forward to the present and NFT demand is a fraction of what once was. But just […]

ETH could drop below $1,500 as many old coins changed wallets. The sentiment remained bearish, but ETH’s burn mechanism could rescue the altcoin in the long-term. Ethereum’s [ETH] plunge to $1,540 has been accompanied by interesting changes that could push the altcoin into capitulation, Santiment revealed. The on-chain analytic platform, in its 12 September post […]

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 […]

Ethereum top two addresses currently hold over $10 billion worth of ETH. ETH’s recent price trend has slumped from its uptrend at the beginning of the year. A recent Arkham Intelligence report has identified the addresses holding the most Ethereum globally. Given this fresh information, how do these holdings compare to the market capitalization of […]

Ethereum price failed to settle above $1,650 and trimmed gains against the US Dollar. ETH is now trading in a bearish zone and could decline heavily. Advertisements Ethereum peaked near $1,670 and started a fresh decline. The price is trading below $1,650 and the 100-hourly Simple Moving Average. There is a key bearish trend line […]

Ethereum’s TVL continued bleeding as the market extended its uncertainty. ETH’s ecosystem maintained some health and top whales have been buying the dip. The crypto market just concluded another one of its most dormant weeks so far in 2023. Ethereum [ETH] and other top networks have experienced a significant slowdown in activity as is usually […]

The price of Ethereum seems to be back under the influence of the current market sentiment despite enjoying a relatively positive week. On Wednesday, September 6, Ark Invest filed for the first Ethereum spot exchange-traded fund (ETF) in the United States. Advertisements This ETF application had a tame impact on the price of Ether, with […]

On-chain data showed that ETH was undervalued at press time. Ethereum’s application in traditional sectors could drive up demand for ETH. Predicting how much one would make from investing in cryptocurrencies is a Herculean task. While some have been successful in the venture, the volatility of the market, macroeconomic factors, and sometimes manipulation have put […]

Open Interest around ETH surged to its highest since the Shanghai Upgrade, indicating a liquidity increase. The USDC/ETH liquidity pool could push ETH in the upward direction. The way Uniswap [UNI] Liquidity Providers (LPs) were utilizing their capital showed that they were optimistic about the price action of Ethereum [ETH], Glassnode revealed. To evaluate this […]

Ethereum price is eyeing an upside break above $1,650 against the US Dollar. ETH could gain bullish momentum if it clears $1,650 and $1,670 in the near term. Advertisements Ethereum is slowly moving higher above the $1,620 support zone. The price is trading above $1,640 and the 100-hourly Simple Moving Average. There is a key […]