Ethereum Watch

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Advertisements ETH’s recent pump waned and eased towards $1700 at press time.  Open Interest surged to $5 billion, last seen on 18 August, but later dipped. After an impressive pump on 29 August, Ethereum […]

Advertisements The number of ETH long-term holders surpassed BTC by more than 40 million. Bitcoin’s inability to offer a plethora of use cases contributed to the switch. As the top two most valuable cryptocurrencies, Bitcoin [BTC] and Ethereum [ETH] have not had to deal with any strong competition to yank them off the standings. However, […]

Advertisements Lido’s TVL climbed by 1.28% in the last seven days, as ETH deposits on the protocol rose.  Its native token, LDO, however, experienced slow accumulation. The total value locked (TVL) in Lido Finance [LDO], a liquid staking protocol for Ethereum [ETH], increased by 1.28% in the past week, according to DeFiLlama. This represented the […]

Advertisements An increase in inter-chain transfer could temporarily increase ETH transaction fees. Volatility increased, meaning ETH’s value could decrease further. Over the last few weeks, a significant amount of Ethereum [ETH] has been moved from the Mainnet into other chains. The movements within the Ethereum network have been closely linked to the attention given to […]

Advertisements ETH’s value declined by more than 11% in the last 30 days. The supply locked in staking smart contract continued to hit new peaks. The month of August made Ethereum [ETH] shed all of its gains that it had been holding for more than a month. The king of alts fell steeply from its […]

Advertisements ETH flagged multiple signs indicating that it was ripe for a bullish takeover. ETH whales could be keeping the sell pressure alive. Ethereum [ETH] has been on a bearish streak since the second week of July. Its mid-August dip extended that downside, but now the bulls have been showing signs of exhaustion. Recent findings […]

Advertisements The total staked ETH was almost 28 million. Staked ETH currently makes up 21.8% of the total ETH supply. Ethereum [ETH] staking has developed a distinct trajectory, separate from the price trends. As more of the circulating supply gets locked up in staking, one particular metric is experiencing a decline. Is your portfolio green? […]

Advertisements Despite its price compression, ETH hit its highest whale activity in 16 weeks. If history repeats itself, ETH might drop to 2019 lows. Lately, Ethereum [ETH] has been witnessing a significant increase in network activity and accumulation. And the suspects in this regard have been whales who have found the coin dip to $1,650 […]

Advertisements ETH short positions have climbed to their highest level this year. Non-stop distribution amongst daily traders puts the coin at risk of further decline.  Short positions opened against leading altcoin Ethereum [ETH] across cryptocurrency exchanges reached their highest level so far this year, a day after the significant liquidity exit of 17 August.  How […]

Advertisements Exchange outflow passed inflows, impacting stability in ETH price. Activity on the Ethereum mainnet fell. In an interesting turn of events, Ethereum [ETH] has attracted whales’ interest of late. However, it was uncertain if the activities of whales would favor the ETH price action as it looked more or less gloomy in recent times. […]