Ethereum Watch

Advertisements Over half of ERC-20 tokens launched in 2023 showed patterns of scams. Interactions with these scam tokens have been kept under 2%. Ethereum [ETH] is the largest decentralized finance (DeFi) platform globally. It hosts numerous platforms that leverage the ERC-20 token standard for launching tokens. However, recent reports show that some of the tokens […]

Advertisements Ethereum has completed the second testnet upgrade. ETH concluded the month with a decline. Ethereum [ETH] is nearing the implementation of the Dencun upgrade on its mainnet, having recently activated the upgrade on another of its testnets. Despite the coming upgrade, the network still holds the majority share of the Total Value Locked (TVL). […]

Advertisements The Ethereum network saw a 28% jump in the creation of daily addresses.  The increase in spot prices failed to move the derivatives market. Ethereum [ETH] has recovered well since its precipitous fall on the 22nd of January, which saw the second-largest asset lose 10% of its value. The second-largest asset clocked a steady […]

Advertisements Ethereum has a bullish structure on the weekly chart. The two key range resistance levels overhead line up well with the liquidation heatmap. Ethereum [ETH] bulls took over a month to breach the resistance at the $2.4k mark. The Bitcoin [BTC] spot ETF approval news took Ethereum to the local high at $2.7k, but […]

Advertisements Bitcoin’s total transaction count plunged in the last seven days. Bitcoin ascended to $42,000 as the weekend started Transaction fees across major blockchain networks declined drastically in recent days, raising concerns about lower demand and adoption. Less network utilization Bitcoin [BTC] and Ethereum [ETH] witnessed more than a 30% contraction in money paid by […]

Advertisements Since ETFs were approved, the Ethereum Coinbase Premium Gap has declined. The coin’s price remained prone to swings despite the decrease in volatility. Ethereum’s [ETH] Coinbase Premium Gap has shrunk since the launch of Bitcoin [BTC] spot exchange-traded fund (ETF) on the 10th of January, data from CryptoQuant revealed.  This metric tracks the difference […]

Advertisements ETH was up by more than 5% in the last 24 hours.  Market indicators and metrics remained bullish on the token. The crypto market recently turned bullish, allowing most cryptos to register gains, and Ethereum [ETH] was no exception. Though this sudden uptrend gave investors hope of a sustained bull rally, an analyst had […]

Advertisements Despite a delay in the Ethereum ETF decision, ETH’s price may rally. On-chain data showed that the altcoin may rise above $3,600. Ethereum [ETH] could be one of the best performers of this year’s first quarter, according to a recent revelation by Michaël van de Poppe. The founder of MN Trading noted that altcoins […]

Advertisements ETH may fall to $2,215 as large sell-off spreads. Traders are confident that the altcoin will recover in no time. According to Whale Alert, a whale sent 14,610 Ethereum [ETH] tokens to the Coinbase exchange on the 30th of December. The transaction was the second one within 12 hours after an initial transfer involving […]

Advertisements Investors at large were accumulating ETH while its price remained low. Though confidence was high, market indicators remained bearish on ETH.  As we bid adieu to 2023, Ethereum [ETH], the king of altcoins, made remarkable moves in a bid to outshine the king of cryptos, Bitcoin [BTC]. A recent development signified increased confidence among […]