Ethereum Watch

Advertisements Quick take: Ethereum’s correlation to Bitcoin has been dropping since the DeFi boom of Q3 The progress of ETH2.0 has further accelerated this A drop in Ethereum’s correlation to Bitcoin hints of an altseason The weekly ETH/BTC chart is bullish and is another clear indicator of a pending altseason Ethereum’s correlation to Bitcoin has […]

Advertisements Quick take: Ethereum deposits to the ETH2.0 contract have hit a total of 531,872 ETH This is 101.4% of the required amount for Phase 0 to kick-off A total of 16,621 validators out of the required 16,384 participated in the deposits Ethereum’s price has benefited from the rush to deposit ETH to the ETH2.0 […]

Advertisements Quick take: Ethereum successfully broke the $500 price ceiling setting a 2 year high of $518 – Binance rate Ethereum’s move above $500 also coincided with an increase in deposits to the ETH 2.0 contract The process is now 28% complete, up from yesterday’s 20%  Ethereum holders have until Monday, 23rd November, to send […]

Advertisements Quick take: Justin Sun has likened Ethereum to the iPhone and Tron to the Android operating system According to Justin, not everyone can afford an iPhone Android has thus emerged as the go-to platform for smartphones due to its lower cost In a similar manner, Tron will become the go-to platform for blockchain developers […]

Advertisements Quick take: Ethereum finally retested $500 before falling back down to $490 levels This feat was accomplished as the ETH2.0 deposits hit 20% of the required 524,288 ETH for Phase 0 to kick-off Investors could increase the rate of their 32 ETH deposits as December 1st draws closer Consequently, ETH could rally a second […]

Advertisements Quick take: The rate of Ethereum deposits to the ETH 2.0 contract points to a January 15th launch 104,128 ETH has been sent to the deposit contract which is 19.86% of the required total amount However, events are not always linear and ETH whales could be waiting till the last minute to deposit their […]

Advertisements Quick take: According to Coinmetrics, the combined market cap of popular DeFi tokens has increased with Bitcoin’s recent surge The total value locked in DeFi is still above $13 Billion The total value locked in UniSwap has exhibited a sharp decline since it ended its token rewards program The DeFi realm of the crypto-verse […]

Advertisements Quick take: The Ethereum Foundation is calling on developers to help build the ETH2.0 Ecosystem This will be in the form of community grants ETH2.0 mainnet deposit address is live with Phase 0 staking currently at 13.61% Mid-last week, the Ethereum Foundation announced that it was launching a Community grants program geared towards building […]

Advertisements Quick take: The percentage of Ethereum being held on crypto exchange is at 13.35% of the total supply in circulation This value is the lowest since November 23rd, 2018 DeFi and preparation for ETH2.0 staking could be two reasons why this is so It could also indicate that whales are least likely to dump […]

Advertisements Quick take: Bitfinex’s CTO has suggested that crypto exchanges should run their own Ethereum nodes His comments were a recommendation after Ethereum’s infrastructure provider, Infura, went offline Crypto exchanges were temporarily forced to suspend ETH and ERC20 token withdrawals after a chain split occurred The root cause of the Ethereum chain split has been […]