Ethereum Watch

Advertisements Summary: Ethereum reserves on crypto exchanges have hit a 2 year low Ethereum continues to be locked in DeFi and the ETH 2.0 deposit contract NFT marketplaces are also pushing up the demand of ETH outside crypto exchanges The institutional accumulation of ETH is evident with Grayscale adding 47,895 Ethereum in the last 30 […]

Advertisements Summary: The Ethereum network has seen a rise in daily active addresses Such an increment in network activity points towards Ethereum retesting $2k Ethereum balances on crypto exchanges continue to decrease Ethereum is probably being diverted to DeFi, NFTs, Cold Storage and ETH 2.0 Staking Only a weak Bitcoin will delay Ethereum from retesting […]

Advertisements In summary: Ethereum 2.0 deposit contract now holds 3.493 Million ETH worth roughly $6.568 Billion The value of these deposits will continue to increase as Ethereum charts a course above $2k The Ethereum community is ready to transition into a Proof-of-Stake algorithm The amount of Ethereum deposited to the ETH 2.0 contract has hit […]

Advertisements In brief: Twitter CEO, Jack Dorsey will end the NFT auction of his first tweet on the 21st of March He will immediately convert all proceeds to Bitcoin and Donate to GiveDirectly.org Justin Sun has been outbid for the NFT by the CEO of Bridge Oracle, Hakan Estavi Mr. Estavi has bid $2.5M and […]

Advertisements Quick take: Meitu, a Chinese Technology Company, has purchased 379.12 Bitcoin and 15k Ethereum The purchase was made on the 5th of March at a cost of $22.1M and $17.9M respectively Meitu made the purchases as part of its crypto investment strategy approved by its board of directors Staking sats and ETH by institutions […]

Advertisements Quick take: Trading of NFTs is booming in the crypto-verse The top 3 NFT marketplace had a combined trading volume of $342 million in February 22 NFTs sold for more than $200k in the same month NFTs are perfect for collectibles in the various global sports leagues Like all things revolutionary in crypto, Non-Fungible […]

Advertisements Quick take: Ethereum’s EIP-1559 is scheduled for implementation this July during the London hardfork EIP-1559 includes the implementation of a BASEFEE that will be burnt with each transaction Burning of the BASEFEE makes Ethereum a deflationary asset EIP-1559 coupled with incoming $1,400 stimulus checks, could send Ethereum back above $2k Ethereum’s EIP-1559 is scheduled […]

Advertisements Summary: Ethereum’s top 10 non-exchange whales accumulated 1.03 million ETH in a single day This is the highest one-day accumulation in 6 weeks The Ethereum whales now own a combined 16.86 million ETH Ethereum’s price is currently being affected by uncertain global markets On the 1st of March, Ethereum’s top 10 non-exchange whale addresses […]

Advertisements Quick take: Binance CEO has pointed out that Ethereum’s success might be its own killer He compares Ethereum to MySpace which failed after it could not handle the load due to demand ETH2.0 is years away and this could be the ultimate Ethereum killer CZ further defended the Binance Smart Chain by saying it […]

Advertisements In brief: Yesterday’s market sell-off saw Ethereum dip from $1,900 to $700 in a few hours This is a massive 63% dip Ethereum soon recovered to the $1,800 price area and is currently trading at $1,400 The dip highlights a possible future for Ethereum as Dapps and users migrate to less costly blockchains such […]