Ethereum Watch

Advertisements Quick summary: The short term correlation between Ethereum and Bitcoin is gradually dropping. The drop could signal the end of a 3-year high correlation between BTC and ETH. The last time Ethereum’s correlation with Bitcoin dropped significantly, was in 2017 and before the crypto-wide bull cycle. The short term correlation between Ethereum (ETH) and […]

Advertisements In brief: Ethereum turning 5 years old has had a bullish effect on the price of ETH. Ethereum has bulldozed past several resistance levels including $320. At its current momentum, ETH could retest the 2019 high of $365. Breaking this level could open the gateway to prices last seen in the 2017/2018 crypto market […]

Advertisements In brief: Ethereum has ploughed through the $290 resistance level.  $320 is the next big hurdle for Ethereum. With a bullish Bitcoin and crypto environment, Ethereum can recapture lost ground and reach levels last seen in the 2017/2018 crypto market season.  Ethereum (ETH) has exceeded the expectations of crypto traders and investors by zooming […]

Ethereum is ripping higher after having broken past the pivotal $250 resistance earlier this week. As of this article’s writing, the asset trades for a few dozen basis points shy of $320 — a price almost 30% higher than that of five days ago. Advertisements ETH’s latest leg higher has brought it to a new […]

Advertisements Quick take: For 3 days, before ETH broke $250, whales moved 700,000 Ethereum.  The move could signal a pending top for ETH and whales are orchestrating an exit. Ethereum (ETH) opened the week at a value of $234 and was trading below $250 until yesterday when news broke that US banks can now offer […]

Like Bitcoin, Ethereum (ETH) has flatlined over recent weeks in an extremely tight range. For the leading altcoin, this range has been approximately $230-245. Advertisements Bears may soon gain the upper hand as the on-chain and technical analysis case for Ethereum has purportedly flipped bearish. This comes at a pivotal time for Bitcoin, which is […]

Advertisements Quick take: In Q2 2020, the Ethereum network witnessed a significant increment in ETH addresses. DeFi is fuelling a surge in activity on the Ethereum network.  Interest in Decentralised Finance has led to an increment in the number of active ETH addresses.  In the second quarter of 2020, the Ethereum network witnessed a significant […]

Advertisements In brief: Ethereum experienced the second-highest number of monthly transactions in June 2020. ETH’s highest monthly transactions were in January 2018 when Ethereum hit a new all-time high of $1,432. Additional data points to Ethereum experiencing its highest daily transactions on the 29th of June. All this could hint to ETH having hit a […]

Advertisements In brief: Ethereum is once again battling to maintain the $228 support zone. All signs point to BTC heading to lower levels.  However, ETH’s bullish momentum is very much intact primarily due to ETH2.0. Ethereum could be printing a bull flag on the daily chart that could ultimately push its value to $290 levels. […]

Since the all-time highs that were seen at the start of 2018, the price of Ethereum has collapsed dramatically. From the $1,430 highs, the asset is now down approximately 85%, trading at $240 as of the time of this article’s writing.Despite the utter collapse in the market, the underlying network has seen dramatic growth. Data […]