Ethereum Watch

Advertisements Quick take: The average number of daily active Ethereum addresses has risen from 338,375 to 389,947 in the past 12 days During this time period, Ethereum’s network has grown by 13.2% The increased network activity is one reason Ethereum has its eyes set at $400 The month of October kicked off on a good […]

Advertisements Quick take: According to Weiss Ratings, buying and holding Bitcoin is a better option than holding ETH 2017 was the first time ETH hit $300 when Bitcoin was at $1,000 ETH is still in the $300 levels with BTC now 11x higher Ethereum is a good trading instrument but Bitcoin is a better option […]

Advertisements Quick take: Over 460,000 Ethereum options expire this Friday, September 25th 90% of these options are held at Deribit Such a high number of ETH options expiring, coupled with a bearish crypto market, could result in the price of Ethereum dropping further ETH is correlated with Bitcoin, which is in turn correlated to the […]

While legacy markets and Bitcoin have rejected from local highs, Ethereum has been holding up well. Since the launch of Uniswap’s UNI token, the price of the leading cryptocurrency has surged around 6-7%. Advertisements From the lows set earlier this month, the coin is up in excess of 20%, shocking some commentators who thought this […]

Earlier this week, Ethereum plunged as low as $310-315 as legacy markets tumbled, dragging crypto lower. The cryptocurrency has since undergone an extremely strong bounce, recovering 25% to the $389 level where ETH sits at now. Advertisements Analysts are eyeing $392 as a level for the cryptocurrency. One says that if that level is confirmed […]

Advertisements Quick take: Ethereum whales seem unfazed by ETH’s recent drop in the crypto markets They have increased their holdings from 3.16 million to 5.8 million ETH in the past month Early September saw 68 new Ethereum whales joining the network with each holding 1k to 10k in ETH Ethereum whales have continued to accumulate […]

Advertisements Quick take: In the month of August, Transaction volume on the Ethereum network exceeded $24B The high network activity was driven by DeFi and DEXs on the Ethereum Network Ethereum transaction volume exceeded other smart contract platforms such as EOS and Tron The team at DAppRadar has released their August 2020 Dapp ecosystem report. […]

Ethereum has faced a strong correction over the past few days that easily overshadows Bitcoin’s move. From the local highs near $490 to the local lows, the cryptocurrency fell by over 35%, shocking most investors as they were bullish just days before. Advertisements ETH has already bounced since falling as low as $315, undergoing a […]

Ethereum has severely underperformed Bitcoin over recent days as bears have returned to the crypto market. The leading cryptocurrency has collapsed by 17% in the past 24 hours alone, falling below pivotal support levels. Advertisements ETH trades at $325 as of this article’s writing, far below the local highs around $490. $325, in fact, is […]

Advertisements In summary: Ethereum’s price had shown signs of weakness as daily active addresses and network growth had started fading Furthermore, exchange wallets exploded to a 6-month high signifying a possible top for ETH Additionally, Ethereum’s correlation with Bitcoin has started to increase once again Ethereum is once again below the crucial $365 support level. […]