Ethereum Watch

Advertisements After an impressive 6 months in the crypto markets, Ethereum could be gearing up for a cooldown Timothy Peterson cautions that Ethereum may be in for a rough few months This is based on historical performances of Ethereum during the summer months Ethereum’s $2k support is the level to watch moving forward If $2k […]

Advertisements Ethereum whales holding 1k to 10k ETH are still holding their coins The Ethereum whales started accumulating ETH in October 2020 Ethereum’s daily address activity is on the decline which is bearish Trader sentiment towards Ethereum continues to be negative and could lead to a capitulation event Ethereum whales holding 1,000 to 10,000 ETH […]

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 balances on crypto exchanges have hit a 2-year low of 12.447 million ETH Ethereum outflows from crypto exchanges have exceeded 1 million ETH in the last 30 days The outflow of ETH from exchanges continues despite the slowdown in the price of Ethereum ETH is still having a hard time breaking the $2,800 […]

Advertisements Ethereum could be on track to surpass Bitcoin in terms of market cap Ethereum’s market cap is currently half of Bitcoin’s Ethereum will thrive due to continual use-case such as DeFi  Ethereum should consolidate for a while between $2k and $4k The team at Bloomberg has released their monthly Crypto Outlook Report in which […]

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 traders are showing signs of impatience and doubt as Ethereum keeps ranging in the $2k price area $3k is proving elusive for Ethereum with $2,800 providing stiff resistance All eyes are on Ethereum’s London Upgrade in July which introduces EIP1559 Trader sentiment surrounding Ethereum has flipped to one of doubt, impatience, and exhaustion […]

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 […]

Advertisements Ethereum reserves on crypto exchanges have increased by 5.1% since May 18th Such an inflow of Ethereum hints of selling by investors Ethereum has turned bearish in the short-term Ethereum has lost the $2k support and regaining it will be crucial in returning into bullish territory Ethereum still has the 200-day MA acting as […]