Ethereum Watch

Advertisements The monthly close is hours away and Ethereum is on track to end June with -21% in returns June 2021 has been the worst month for Ethereum since March 2020 after the Coronavirus crash However, Ethereum has had positive returns in nine of the last 12 months Quarterly returns in Q2 2021, are also […]

Advertisements Gas fees on the Ethereum network have dropped to levels last seen in December 2020 However, social sentiment towards Ethereum remains at historic lows Ethereum is once again trading above $2k with $2,400 to $2,500 a likely short-term target There is a death cross forming on the daily ETH/USDT chart Gas fees on the […]

Advertisements Ethereum could retest the $2,200 to $2,300 range with the new month of July Trader sentiment towards Ethereum remains negative and at its lowest since June 2018 There is a slight possibility of Ethereum dropping to the $1,200 to $1,400 range in the weeks ahead Ethereum (ETH) is once again attempting to reclaim the […]

Advertisements Ethereum has lost its $2k support zone hitting a local low of $1,700 today However, Ethereum’s top 10 non-exchange whale addresses keep holding Other Ethereum investors have sent $500M worth of ETH to crypto exchanges in the last week Ethereum looks set for its very own death cross in mid-July Yesterday, Ethereum lost its […]

Advertisements Bitcoin’s dominance is once again on the rise and at 45.89% Such a rise usually causes a reallocation of capital away from Ethereum and alts, back to Bitcoin Ethereum risks dropping to $1,800 due to the increased influence of Bitcoin $2k remains the support level to watch for Ethereum A rise in Bitcoin’s dominance […]

Advertisements Ethereum’s average gas fee has dropped to levels last seen in mid-2020 It now costs roughly 26.9 GWEI to complete an Ethereum transaction Ethereum’s daily transaction count has also dropped to mid-2020 levels Ethereum miner revenue has also reached a 3 month low All these metrics point towards a drop in network activity on […]

Advertisements Crowd sentiment towards Ethereum is still negative Negative sentiment usually precedes a price increment by Ethereum $2,800 is still the level to break for Ethereum to return to bullishness Historically, Ethereum’s gains during the second half of any year, have been lower than the first half Ethereum has a 50:50 chance at ending the […]

Advertisements Ethereum’s 3-month correlation with Bitcoin has hit a 10 month high The increased correlation comes after last month’s Bitcoin dip to $30k that shook the crypto-verse ETH/BTC daily chart hints of Ethereum attempting to break free from the influence of Bitcoin at least in the short term However, 0.08 BTC might prove to be […]

Advertisements Ethereum outflows from crypto exchanges have resumed to levels seen before last Wednesday’s crash 403k ETH worth $1.132 billion has left crypto exchanges in the last 24 hours 1.2 million ETH worth $3.376 Billion has left crypto exchanges in the last month Accumulation of ETH continues and could lead to a price increment towards […]

Advertisements The number of Ethereum addresses holding 100+ ETH drops to a 3 year low Such a drop is indicative of some ETH investors taking profits However, the premium on Grayscale’s Ethereum Trust has turned positive hinting of institutional interest Ethereum is back above $2k and could eventually return to levels above $3k The number […]