Ethereum Watch

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. […]

Ethereum has room to rally after surging 10% in the past 48 hours, according to recent on-chain data shared by Santiment. The blockchain analytics firm just noted that there are a number of trends suggesting ETH has room to extend to the upside. Advertisements ETH’s latest bout of strength comes as Bitcoin has inched higher […]

Ethereum has seen a strong correction from the highs it has seen earlier this month. After peaking at $440, the asset has slid to $385 as of this article’s writing. ETH’s retracement comes as Bitcoin has also dropped, seemingly in response to some weakness in the price of gold and some strength in the U.S. […]

Advertisements In brief: According to Timothy Peterson, Ethereum could lose up to 50% of its value in the next 12 months.  He explains that ETH’s long term growth rate only supports an annual appreciation of 30%. Ethereum had a hard time keeping up with Bitcoin as BTC pumped above $12k. ETH’s price is slightly above […]

It’s been an explosive past few days for Ethereum. After consolidating under $400 for a number of days, the leading cryptocurrency shot higher on Thursday and then continued its ascent into Friday. Advertisements As of this article’s writing, ETH is up 12% in the past 24 hours. It trades at $444, surging decisively past the […]

Advertisements Quick take: ETH fees on the Ethereum network have continued to skyrocket. Yield Farming on DeFi platforms is one reason ETH fees are high. Some users of Ethereum believe such high fees are unsustainable. Ethereum (ETH) has however sidestepped the fud and broken the $400 price ceiling. The DeFi boom has had a positive […]

Advertisements In summary: Ethereum’s price is consolidating below $400 and above the $365 support zone.  A loss of $365 for ETH could break Ethereum’s bullish run in the crypto markets.  $365 was Ethereum’s peak value in 2019.  However, if Bitcoin maintains its course above $11,500, Ethereum could have a chance at rekindling its bullish drive.  […]

For the umpteenth time in the past week, Ethereum was rejected at the critical $400 resistance during Saturday’s rally. The cryptocurrency failed to decisively hold above that level despite the rallying in the value of altcoins. As of the time of this article’s writing, ETH trades for $395, just shy of the aforementioned resistance. Advertisements […]

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 […]