Ethereum Watch

Advertisements The last five days have seen a dip in Coinbase’s Ethereum exchange reserve. According to a CryptoQuant analyst, this is typically followed by a rise in the coin’s price.  The last five days have seen a decline in Coinbase’s Ethereum [ETH] exchange reserve, pseudonymous CryptoQuant analyst Crypto Sunmoon stated in a new report.  This […]

Advertisements Ethereum founder Vitalik Buterin talked about the blockchain’s future in his recent blog. Usage of network remained high, however, its price saw a correction. Even though multiple altcoins have followed suit after Bitcoin’s [BTC] rally, Ethereum’s [ETH] price has not seen much growth in the recent past. Despite this developments have ensued on the network with […]

Advertisements Of all DeFi protocols, MakerDAO has seen the most revenue in 2023. This comes after it witnessed a significant TVL decline, and its DAI stablecoin briefly lost its peg. MakerDao [MKR] has emerged as the decentralized finance (DeFi) protocol with the most revenue in 2023, data from DefiLlama has shown. Advertisements Source: DefiLlama This […]

Advertisements Ethereum developers target January for the first testnet deployment. Progress made on the network increased, gas usage surged. Ethereum [ETH] developers intensify testing for the upcoming Dencun upgrade, a significant milestone anticipated next year, introducing increased data storage capacity through the implementation of a process termed “proto-danksharding.” More updates and upgrades In a biweekly […]

Advertisements ETH’s supply has dropped to its lowest level since the merge. A key indicator has shown the re-emergence of the bears in the ETH spot market. Ethereum’s [ETH] supply has fallen to its lowest since the blockchain transitioned from the proof-of-work consensus mechanism (PoW) to a proof-of-stake (PoS) network in an event popularly referred […]

Advertisements Ethereum’s liquidation level increased once its price reached the $2,170 mark. Its exchange reserve was increasing, but the derivatives metrics looked bullish. Ethereum’s [ETH] price has once again gained bullish momentum as its price registered an increase in the last 24 hours. However, a short while ago, the token fell into a critical demand […]

Advertisements ETH’s RSI and MFI went up last week, supporting its price uptrend.  However, metrics revealed that selling pressure on ETH was increasing. Ethereum [ETH] has lifted its price substantially over the last few days. Thanks to that, several investors and whales enjoyed profits. In fact, as per the latest data, a whale made millions […]

Advertisements Ethereum surged over $1,600 after reports of a new spot ETF application emerged Many traders have since taken long ETH positions As the week neared its end, another Ethereum spot exchange-traded fund (ETF) announcement emerged. This begs the question – Did Ethereum respond in a manner reminiscent of Bitcoin’s reactions to ETF updates in […]

Advertisements Though the NFT trade count dropped, ETH NFTs’ trade volume in YSD increased. ETH was up by 2%, but selling pressure was increasing.  The Non-fungible Token [NFT] summer, when NFTs witnessed a boom in both volume and price, is now long gone. Read Ethereum’s [ETH] Price Prediction 2023-24 Regardless, Token Terminal’s latest tweet pointed […]

Advertisements Ethereum’s price surged in the last 24 hours. Short sellers faced losses due to liquidations, while Ethereum’s Open Interest reached a one-month high. Ethereum[ETH]’s price displayed a remarkable surge within the last 24 hours. During this period, the price of ETH surged by 2.83%. Zooming out to a one-week timeframe, the price exhibited an even […]