Ethereum Watch

The S&P 500 metric showed a price correction while Ethereum continued an uptrend. Percent Supply in Profit was over 67% at press time, representing a four-month high for Ethereum. The price of Ethereum [ETH] rose dramatically over the last few days, which indicated a bull trend. Consequently, the recent activity of the S&P 500 metric […]

On-chain data showed that Shiba Inu was an undervalued token despite its latest uptick. The activities of Ethereum whales suggested that SHIB could be a long-term play. Shiba Inu’s [SHIB] performance in the last 30 days seemed to have erased the memories of the memecoin’s abysmal performance in 2022. During the said period, SHIB recorded […]

MetaMask gives ETH holders an early bull run, especially for those looking to stake their coins. ETH experiences a resurgence of sell pressure as it approaches a key resistance range. Ethereum [ETH] holders now have an extra incentive to keep their funds on MetaMask, as MetaMask staking will act as the new Ethereum staking program, […]

ETH traders maintained a healthy appetite for SHIB at a critical time. SHIB experienced a strong surge, but the bears might be right around the corner. Shiba Inu [SHIB] is having one of its most important weeks in the recent past, mostly courtesy of Shibarium. This may have renewed investor interest, triggering more demand, which […]

Advertisements Summary: The Raydium exploiter drained a total of $4.4 million in digital assets from the Solana DEX in December 2022 before moving the funds to Ethereum’s blockchain. A wallet controlled by the hack transferred $2.7 million of the stolen loot to sanctioned crypto mixer Tornado Cash on Thursday. The incident was one of several […]

Advertisements Summary: The Ethereum Name Service governance proposal aims to create an extra runway for the project should the crypto market suffer another downturn. 10,000 ETH would be sold for Circle’s USDC via a Gnosis auction, Wednesday’s proposal suggested. ENS DAO held around $2.4 million in stablecoin and some 40,000 Ether in its treasury at […]

Ethereum validators hit over 500,000 as the network moved close to an upgrade. The total value of ETH staked also increased to over 16 million. As per a report published on 17 January by web3 platform Alchemy, the number of smart contracts deployed on the Ethereum [ETH] mainnet had increased by 293% in comparison to […]

ETH saw its highest profit transaction ratio since October 2021. On-chain data suggested that a local top has been reached. Currently trading at its pre-FTX level, leading altcoin Ethereum [ETH] logged its highest profit transaction ratio since October 2021 on 16 January, data from Santiment revealed.  Advertisements 💸 Are #crypto markets seeing a top? Traders […]

Advertisements Summary: Validators on the network increased from 428,000 around September 15 when Ethereum upgrade from proof-of-work to proof-of-stake. The news comes ahead of staked Ether withdrawals expected to roll out with the Shanghai update in March 2023. Validators have staked over 16 million ETH worth roughly $25 billion with Ether trading around $1500 on […]

ETH’s annualized inflation has dropped to 0.00002%. The value of transaction settlements on the Ethereum network is significantly higher than that on the Bitcoin network. For the first time since December 2022, Ethereum (ETH) issuance has returned to a deflationary state, data from ultra sound money revealed. The altcoin’s supply growth at the time of […]