Ethereum Watch

Ethereum mirrors its 2019 pattern. Largest holders of ETH have steadily accumulated more since 2019. Ethereum [ETH] remained the second-largest cryptocurrency, with market sentiment shifting from bearish to bullish as 2024 nears its end. Advertisements The price action of Ethereum was mirroring the 2019 pattern on the ETH/USD pair, where an ascending wedge was formed. […]

Ethereum ETFs faced significant outflows, raising concerns about investor interest and market performance. Bitcoin ETFs maintained their net inflows, despite recent weeks of continuous outflows. September has proven to be an unfortunate month for the Bitcoin [BTC] ETF market. More concerning, however, is the underperformance of Ethereum [ETH] ETFs, which have struggled since their launch. […]

Ethereum community members had divergent views on ETH’s value and road map. The mixed signals from Ethereum leadership could dent ETH’s sentiment.   The Ethereum [ETH] leadership has hit the headlines following its long-term roadmap and ETH’s value accrual views. One of the Ethereum community members, Justin Drake, suggested that ETH was like Nvidia and Apple […]

Spot ETH ETFs had netflows of -$91 million for the week. The ETH ETF volume has not picked up, compared to the BTC ETF Ethereum has seen notable events surrounding its ETFs this week. One major asset management company announced discontinuing one of its Ethereum-based features. At the same time, another firm filed for a […]

The Ethereum Foundation has sold over 1,000 ETH again Its previous selling spree was received by much criticism from the community Over the last 24 hours, the Ethereum Foundation has executed two transactions, selling more of its ETH holdings in exchange for DAI. This move comes despite facing significant criticism during their previous large-scale sale […]

Bank of Japan’s rate hikes could trigger new cryptocurrency market turmoil. Japan’s crypto market share declines as the Prime Minister’s departure looms. Recent volatility in the global economy, especially in cryptocurrencies, has raised concerns about the effects of major financial decisions. Advertisements The Federal Reserve’s anticipated interest rate cuts have fueled concerns, with George Lagarias, […]

Ethereum traded in a massive triangle at press time, with analysts predicting a possible double bottom pattern. Whale transactions and active addresses increased, signaling potential upward momentum for ETH’s price. Ethereum [ETH] has faced significant challenges in recent weeks, continuing its downward trajectory in both price and market sentiment. Following a price slump last month, […]

Solana’s ETP inflows surged 7,600% despite a broader market downturn. Solana outperformed Bitcoin and Ethereum in year-to-date performance, showing significant resilience. Despite the broader crypto market experiencing a downturn in September, some coins have demonstrated notable resilience. Advertisements While many assets struggled, certain cryptocurrencies stood out by maintaining stability or even gaining traction during this […]

Advertisements contributor Edited By: Saman Waris Posted: September 3, 2024 Share this article Advertisements There is a high possibility that ETH could fall 4% to the $2,400 level. ETH’s reserve on the exchanges has been increasing, indicating higher selling pressure from investors.  In this bearish market sentiment, a recent transaction of Ethereum [ETH] by WazirX […]

ETH’s inflation remains elevated after the implementation of the blobs in March Analysts are divided on how to address inflation with the low-cost blobs Analysts and insiders are calling for a revision of the current Ethereum [ETH] blobs to mitigate inflation and allow the second-largest altcoin to accrue value for its L2s (layer 2s).  Advertisements […]