Ethereum Watch

ETH dropped below $3k amidst greater outflows from ETFs Some analysts are now predicting a drop below $2k for the altcoin On the back of great crypto volatility amid Bitcoin’s own instability, altcoins are getting hit. In the middle of this downtrend, ETH has suffered the most over the last 7 days after dropping below […]

ETH has seen large transfers over the last 24 hours Its Open Interest remained in the $14 billion range Recently, significant amounts of Ethereum were transferred from Genesis, adding to the substantial transfers made over the previous month. The aforementioned movement coincided with a price decline on the charts and yet, traders continue to remain […]

The crypto market saw two-way volatility in July as speculators reacted to events. The Federal Reserve held the benchmark interest rate at the current 23-year high for the eighth consecutive time. Bitcoin [BTC] traded fairly unchanged on the last day of July in the immediate aftermath of the Federal Open Market Committee’s interest rate decision. […]

Some analysts believe Solana’s fundamental metrics have been inflated  SOL has outperformed ETH on price charts since June, but not this week  There is overwhelming data out there showing Solana [SOL] outperforming Ethereum [ETH] on key fronts, right from revenue to decentralized exchange (DEX) volume. Understandably, this has swayed and reinforced the “SOL as an […]

Ethereum witnessed a more severe correction last week than Bitcoin.  Metrics suggested that selling pressure was high on BTC and ETH, but ETH had an edge.  Bitcoin [BTC] remained in the limelight over the last week as it approached $70k, but later plummeted near $66k. Ethereum [ETH] had a tougher week as it witnessed a […]

The largest ETH ETF, Grayscale, had a single-day outflow of $210 million. ETH also turned bearish, and most metrics hinted at a continued price drop.  Exchange Traded Funds (ETFs) have gained much traction since the beginning of this year with the launch of Bitcoin [BTC] ETFs. Things got even better over the last week as […]

Grayscale’s Ethereum Trust ETF saw $1.5 billion in outflows from the 23rd to the 26th of July. BlackRock’s iShares Ethereum Trust ETF attracted $87.2 million in inflows on the 26th of July. Since the approval of the spot Ethereum [ETH] ETF for trading, Grayscale Ethereum Trust ETF [ETHE] has experienced significant outflows. Advertisements Grayscale breaks […]

ETH has remained in the $3,200 price range. Its RSI showed it was in a bear trend. Ethereum [ETH] has experienced some price declines recently. However, during this period, there was a noticeable increase in the volume of large transactions. Advertisements Data analysis revealed whether this surge in transaction volume was primarily oriented toward buying […]

Both Bitcoin and Ethereum hiked by over 3% in the last trading session Compared to ETH, BTC seemed overvalued at press time Bitcoin and Ethereum have long been two of the market’s biggest cryptos. However, tribalism within the community has often placed them at opposite ends of any spectrum, which is why comparisons are common.  […]

Stablecoin supply grew in the last few days. USDT and USDC continued to dominate the market capitalization. There has been a noticeable increase in the market capitalization and supply of stablecoins, particularly Tether [USDT] and USD Coin [USDC]. Advertisements This growth has been significantly influenced by the recent approval of an Ethereum [ETH] ETF, which […]