Ethereum Watch

Advertisements A wallet seemingly belonging to Justin Sun accumulated a substantial amount of ETH. Market sentiment and most indicators looked bullish on ETH. Ethereum [ETH] has been sitting comfortably above $3,000 over the past 24 hours, thanks to its bullish price action. The trend seems to have carried forward to this week, as ETH’s daily […]

Advertisements Ethereum bulls have strong support just below the $2900 mark. A rally to $3500 could commence if the bullish sentiment continues to intensify. Ethereum [ETH] sailed above the psychological $3000 resistance on the 25th of February. It closed the daily trading session at $3014 on the 20th, but ETH dipped to the $2900 area […]

Advertisements Monthly NFT sales on Ethereum have reached a 10-month high. The general NFT market capitalization has risen by double digits in the last month. The monthly sales of non-fungible tokens (NFTs) on the Ethereum [ETH] network have reached their highest in ten months, surpassing $430 million, according to data from CryptoSlam.  In the last […]

Advertisements Dencun and Electra upgrades shape Ethereum’s development landscape. ETH’s price witnessed a minor correction, while network growth and velocity fell. In recent weeks, Ethereum [ETH] experienced a substantial surge in its price, reflecting heightened market activity. Behind this surge was significant developments within the Ethereum network, poised to propel the growth of this cryptocurrency […]

Advertisements Ethereum’s burn rate spiked in January. This has resulted in a decline in the coin’s circulating supply. 18,109 Ether [ETH], worth around $53.17 million at press time, have been removed from circulation in the last 30 days, pushing its circulating supply to a new post-Merge low, per Ultrasound.money. Advertisements Source: Ultrasoundmoney.com Information from the […]

Advertisements Ethereum’s price faced uncertainty as a dormant ICO participant began to move holdings. NFT trades occurring on the network declined. On the 20th of February, following Ethereum’s [ETH] price surpassing $3,000, an ICO participant, who was dormant for 8.6 years, deposited 1,732 ETH, which amounted to $5.15 million on Kraken at press time. The […]

Advertisements If Bitcoin dominance falls, ETH and ADA might lead the altcoin rally. The broader market was bullish on both cryptocurrencies. Despite the price hike experienced lately, crypto analyst Dan Gambardello said Ethereum [ETH] and Cardano [ADA] have not made big moves to confirm the much-anticipated altcoin season. Gambardello mentioned this in a YouTube session […]

Advertisements The supply held by non-exchange whale addresses increased significantly in February. The accumulation frenzy could be because of the rapidly rising MVRV Ratio. Ethereum [ETH] broke past $2,900 in the last few hours of trading as positive momentum for the second-largest cryptocurrency persisted over the weekend. The digital asset was trading at $2,907 at […]

Advertisements Arbitrum’s weekly derivatives transaction volume reached an all-time high in the last week. ARB’s value increased in the last month, but investors’ profits continued to drop. The weekly transaction volume of the derivatives protocols housed within leading Layer 2 network (L2) Arbitrum [ARB] climbed to an all-time high of $18 billion in the last […]

Advertisements Ethereum showed strong bullish sentiment on the price charts. A retest of the range highs would provide an ideal buying opportunity. Ethereum [ETH] saw a minor pullback from $2867 to $2719 from the 15th to the 17th of February. This came after the strong breakout past the range highs at $2.6k, a level that […]