Ethereum Watch

Advertisements In summary: Ethereum’s price is consolidating below $400 and above the $365 support zone.  A loss of $365 for ETH could break Ethereum’s bullish run in the crypto markets.  $365 was Ethereum’s peak value in 2019.  However, if Bitcoin maintains its course above $11,500, Ethereum could have a chance at rekindling its bullish drive.  […]

Advertisements Quick take: Majority of the popular DeFi applications are being built on Ethereum. The popularity of DeFi has resulted in Ethereum reestablishing itself as the number one DApp platform. 4.3 Million ETH is now locked in DeFi platforms, up 800k since mid-July.  The DeFi boom of 2020 has had a positive impact on the […]

Advertisements In summary: Ethereum breaks $400 again, a record-high since mid-2018 The number of Ethereum active addresses surpasses mid-19 levels Research shows that Active addresses positively influence ETH price Ethereum (ETH) is gaining more than 3% to cross the coveted 400$ barrier for the second time this month. Yesterday, Ethereum reached a closing price of […]

Advertisements In summary: Bitmex Co-Founder and CEO, Arthur Hayes, sees Ethereum hitting $500 in the near future.  Ethereum continues to climb towards $400 even after its latest dip to $325.  Trading of ETH has become popular as Ethereum continues to benefit from DeFi and the progress of the ETH2.0 upgrade.  The Co-Founder and CEO of […]

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 […]

Advertisements Quick summary: The short term correlation between Ethereum and Bitcoin is gradually dropping. The drop could signal the end of a 3-year high correlation between BTC and ETH. The last time Ethereum’s correlation with Bitcoin dropped significantly, was in 2017 and before the crypto-wide bull cycle. The short term correlation between Ethereum (ETH) and […]

Advertisements In brief: Ethereum turning 5 years old has had a bullish effect on the price of ETH. Ethereum has bulldozed past several resistance levels including $320. At its current momentum, ETH could retest the 2019 high of $365. Breaking this level could open the gateway to prices last seen in the 2017/2018 crypto market […]

Advertisements In brief: The initial release of Ethereum was 5 years ago on July 30th. To date, Ethereum is the most popular smart contract platform. DeFi and ETH2.0 occupy center stage on Ethereum’s fifth anniversary. The popular smart contract platform of Ethereum (ETH) turns five years old today. It has been exactly five years since […]

Advertisements In summary: Ethereum has long been known for high gas fees during times of network congestion.  The DeFi boom and related stablecoin activity are two reasons for Ethereum’s current congestion that results in high ETH fees. Developers are working on scaling solutions to solve this issue as well as other EIPs to cap Ethereum […]