Ethereum Watch

It feels like Ethereum 2.0 is taking an eternity to rollout. But, following months of testnet runs, it finally looks as though Phase 0 is nearing the finish line to launch. Advertisements Phase 0 refers to developing the framework for running the proof-of-stake mechanism. It will set in place registry for staking validators, meaning full […]

Last week, Uniswap launched its UNI token and set the crypto market ablaze with renewed interest in the DeFi project. The 400 free tokens essentially acted as a stimulus check, and as investors rushed to cash their “checks,” it brought Ethereum fees sky-high to a record nearly $1 million in a single hour. Advertisements What […]

Ethereum is looking to fall towards $200 after breaking a multi-week support level this Monday. Advertisements The price floor was a part of a Bear Flag pattern. In retrospect, Bear Flag appears as an asset consolidates in an upward channel following a robust directional move down. The price eventually breaks below the Channel’s lower trendline, […]

Ethereum recovered above the $380 and $385 resistance levels against the US Dollar. ETH price is struggling to clear the $400 resistance, but it is holding the key 100 SMA (H4). Advertisements ETH price is trading well above the $360 and $375 resistance levels against the US Dollar. The price traded to a new weekly […]

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 […]

The issue of high Ethereum gas prices isn’t going away anytime soon. Just last month, total daily fees on the Ethereum network managed to reach an all-time high of $8.6 million. Advertisements Following a brief respite from high charges, the latest data from coinmetrics.io, for August 31, 2020, shows an alarming trend back towards that […]

The price of Ethereum (ETH) has dropped from $488 on September 2 to below $380, falling by over 22%. If the correction of ETH continues, traders say decentralized finance (DeFi) tokens could further suffer. Advertisements Despite the rally of Bitcoin from $10,300 to over $11,000, DeFi tokens and Ethereum have underperformed. Advertisements The daily chart […]

Ethereum has been seeing some intense selling pressure over the past few days, which has likely come about due to the trend reversal seen amongst DeFi tokens. Advertisements Because the DeFi market is essentially built on top of Ethereum, the ETH token has been heavily influenced by the expansion of this sector. That being said, […]

Ethereum is facing risks of undergoing a massive plunge as it partially confirms a bearish flag pattern. Advertisements The technical setup appears after an asset forms a consolidation channel upward following a strong bearish move. The downward movement is called flagpole, while the consolidation is referred to as the “flag” itself. Ethereum is forming the […]

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 […]