Ethereum Watch

Solana ETFs approved by Brazil, set to begin trading this month. Most DePIN projects are built on the Solana blockchain.  Brazil has taken a significant step towards global cryptocurrency adoption by approving the world’s first Solana [SOL] spot ETF.  Advertisements This new fund is set to begin trading in August, as reported by Solana Floor […]

BlackRock bought ETH worth $109.9 million, spurred by the latest price decline. Slight accumulation observed, especially from whales, but retail is still fearful. With the latest discounted Ethereum [ETH] prices, one would expect buyers to ape back into the market. Advertisements Unless there were expectations of more sell side pressure in the coming days. ETFs […]

Novice crypto traders are overwhelmed by fear, but seasoned market analysts advise otherwise. A combination of different ETH metrics indicate strong bullish sentiment due to increased wallet activities. Fear is dominating the crypto markets right now, and seasoned analysts often advise to “be greedy when others are fearful.”  Advertisements This strategy has proven effective over […]

ETH weekly recap reveals the sharpest decline since FTX days. Leveraged liquidations may have had a strong hand in ETH’s performance. Ethereum [ETH] has experienced quite the roller-coaster of volatile price action in the last 7 days. The outcome has crashed the little bullish optimism that had started to manifest at the end of July, […]

ETH dropped below $3k amidst greater outflows from ETFs Some analysts are now predicting a drop below $2k for the altcoin On the back of great crypto volatility amid Bitcoin’s own instability, altcoins are getting hit. In the middle of this downtrend, ETH has suffered the most over the last 7 days after dropping below […]

ETH has seen large transfers over the last 24 hours Its Open Interest remained in the $14 billion range Recently, significant amounts of Ethereum were transferred from Genesis, adding to the substantial transfers made over the previous month. The aforementioned movement coincided with a price decline on the charts and yet, traders continue to remain […]

The crypto market saw two-way volatility in July as speculators reacted to events. The Federal Reserve held the benchmark interest rate at the current 23-year high for the eighth consecutive time. Bitcoin [BTC] traded fairly unchanged on the last day of July in the immediate aftermath of the Federal Open Market Committee’s interest rate decision. […]

Some analysts believe Solana’s fundamental metrics have been inflated  SOL has outperformed ETH on price charts since June, but not this week  There is overwhelming data out there showing Solana [SOL] outperforming Ethereum [ETH] on key fronts, right from revenue to decentralized exchange (DEX) volume. Understandably, this has swayed and reinforced the “SOL as an […]

Ethereum witnessed a more severe correction last week than Bitcoin.  Metrics suggested that selling pressure was high on BTC and ETH, but ETH had an edge.  Bitcoin [BTC] remained in the limelight over the last week as it approached $70k, but later plummeted near $66k. Ethereum [ETH] had a tougher week as it witnessed a […]

The largest ETH ETF, Grayscale, had a single-day outflow of $210 million. ETH also turned bearish, and most metrics hinted at a continued price drop.  Exchange Traded Funds (ETFs) have gained much traction since the beginning of this year with the launch of Bitcoin [BTC] ETFs. Things got even better over the last week as […]