Ethereum Watch

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 […]

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 BTC’s and ETH’s price action this year was one of the best of the century. BTC displayed weakness, suggesting a decline below $43,000 while ETH may move toward $2,500. Bitcoin’s [BTC] and Ethereum’s [ETH] performances in 2023 would go down as one of the best-ever in the century, a post by Santiment disclosed. At […]

Advertisements Use of Layer 2 solutions has risen in 2023. Leading platforms Optimism and Arbitrum closed the year with high network fees and revenue. Ethereum’s [ETH] network has grappled with scalability limitations for years. High transaction fees and network congestion have often prevented innovation and widespread adoption. For example, by May 2022, the average transaction […]

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 saw a drop in the Estimated Leverage Ratio. In combination with other metrics, the inference was that bullish certainty was falling. In a report last week, AMBCrypto highlighted that Ethereum [ETH] has underperformed Bitcoin [BTC] in recent weeks. Comparing their performance in December, AMBCrypto found that ETH has gained 11.3% at press time, […]

Advertisements ETH HODLers were unconcerned about the altcoin’s price fluctuations. The short and long-term technical outlook suggested a bullish move for ETH. Long-term Ethereum [ETH] holders have desisted from liquidating their holdings while helping the coin reach a new milestone, IntoTheBlock noted. According to IntoTheBlock, the amount of ETH owned by HODLers has now hit […]

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 may displace Bitcoin’s dominance next year, an investor pointed out. Long-term investors are confident of the altcoin’s performance. According to Raoul Pal, Ethereum [ETH] will outperform Bitcoin [BTC] by 2024. Pal, who shared the opinion on X, noted that there could be a repeat of the 2021 cycle where BTC initially beat ETH’s […]