Ethereum Watch

Advertisements Celsius kickstarted the process to unstake its long-staked Ether coins on Lido. CEL’s price continues to plummet as distribution remains unabated.  According to data from blockchain explorer for the Ethereum network Etherscan, bankrupt crypto lender Celsius Network [CEL] has commenced the withdrawal of staked Ether coins [ETH] from Lido Finance. This was following the […]

Advertisements The L2 project will move from the Goeril Testnet to the final Bedrock on 6 June. Still, Arbtirum has dominated it in terms of active addresses. Layer two scaling platform Optimism [OP] has finalized the date for the Bedrock upgrade. According to its official announcement, it would take place on 6 June. The upgrade, […]

Advertisements Ethereum’s Finality pause caused a decline in active addresses, but they bounced back soon after.  While the outflow trend has reversed, Ethereum has yet to recover fully from its bearish trend. The Ethereum [ETH] blockchain encountered a technical hiccup not too long ago, leading to a halt in the finalization of blocks within the […]

Advertisements Lido Finance has enabled Ethereum withdrawals after its V2 mainnet went live earlier today.  The community behind the DeFi staking platform passed an on-chain vote to approve the transition to version 2.  Lido’s governance token has gained more than 12% following the latest developments.  Lido Finance, the largest Ethereum staking protocol, has activated the […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Advertisements ETH dropped below 50-EMA but was checked by 100-EMA.  A positive CVD spot could offer bulls slight hope.  The second largest digital asset based on market cap, Ethereum [ETH], is weathering the current […]

Advertisements The Autoglyphs and Azuki collections showed strength despite the broader market tumble. The number of addresses buying NFTs fell to June 2021 levels. It has been a horrendous last 30 days for blue-chip Ethereum [ETH] NFTs in the market with a handful of them experiencing significant downturns in value. However, out of the top […]

Advertisements Ethereum’s supply on exchanges hit an all-time low, with only 10.1% of the total supply available for trading. Investors remain optimistic about Ethereum’s future despite liquidations, as the exchange funding rate is still positive. Following its remarkable 6% surge in value on 5 May, Ethereum [ETH] has embarked on a consistent downward trajectory. Yet, the […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Advertisements Sellers were temporarily stalled at $1800 support at press time.  Negative sentiment persists despite the accumulation seen in the past few weeks. The U.S. stock and crypto market posted mixed results on 10 […]

Advertisements ETH staking gains momentum after staking unlocks, proving investor confidence. At press time, ETH whales held the market back after a recent sale. Not so long ago we were wondering whether ETH staking unlocks will lead to a massive outflow from staking pools. Potentially trigger more sell pressure. Fast forward to the present and […]

Advertisements Cardano takes advantage of upper hand in lower fees compared to rival Ethereum. ADA slips below key support level after struggling to find bullish momentum. The crypto market is currently at a stage where a network’s weakness may pave the way for another to thrive. The rivalry between Ethereum and Cardano is perhaps an […]