Ethereum Watch

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 […]

Advertisements Quick summary: $228 is once again the level to watch ahead of Ethereum’s weekly close. This area has provided adequate support for ETH since the beginning of June.  With a new week ahead, and like Bitcoin, there is a 50:50 chance it could go either way for Ethereum in the crypto markets.  Another weekly […]

Advertisements Quick summary: Compound Finance has shaken up the DeFi industry since Coinbase announced it was listing COMP on June 22nd.  The value of COMP has seen tremendous gains in a period of a week from a value of approximately $70 to $345. The quick popularity of Compound Finance has led to the project edging […]

Advertisements In brief: Ethereum investors and traders are anticipating a July 2020 launch of ETH2.0.  Progress of ETH2.0 is very much on track despite a few hints that the launch might be pushed forward.  Investors and traders are playing the long game with Ethereum and evidence pointing to a continual accumulation of ETH in anticipation […]

Advertisements In brief: Ethereum Classic miners can now opt to also mine Zilliqa. ETC miners in the Ethermine mining pool can update their mining code to support Zilliqa mining via Ezil.me. The merged mining operates by automatically switching between mining ZIL and ETC. Ethereum Classic (ETC) miners now have the option of configuring their rigs […]

Advertisements In brief: The owner of the Ethereum address that paid approximately $5 Million in ETH fees has finally been identified.  According to the team at PeckShied, it belongs to a small P2P exchange in Korea called Good Cycle.  The Good Cycle crypto exchange appears to be a Ponzi Scheme. The mystery owner of the […]

Advertisements Quick take: Three Ethereum transactions with high ETH fees were mined last week.  StarkPool and Ethermine mined two of the transactions and had requested the sender to contact them for possible discussions.  Almost a week later, the sender has not reached out and both mining pools have opted to distribute the fees to miners.  […]

Advertisements In brief: Ethereum held the $228 support zone earlier this week when Bitcoin dropped to $9,110. With BTC exhibiting bearish signs, a drop could cause Ethereum to break this support zone. Once broken, the 50-day moving average provides adequate support at around $218. Ethereum is still holding its own in the crypto markets ahead […]