Ethereum Watch

Analysts are undecided on whether there will be litigation if there is an ETH ETF rejection in May.  But the odds of approval in May remain very low across the board.  As the deadline draws closer, Ethereum [ETH] ETF approval odds in May seem unlikely. However, some have been quick to imagine what would happen […]

Ethereum noted a decline in bullish conviction in the Futures market Coinbase Premium Index showed traders from the U.S are adamant about the altcoin Ethereum [ETH] rallied swiftly from $3.2k to $3.7k, making a 16.2% move in three days. However, the bulls were rebuffed at the same near-term resistance from a month ago – $3.7k. […]

Historical design shown by the MVRV ratio, led ETH to bounce. While traders booked some profits, the OI indicated that more was close. On the 8th of April, Ethereum [ETH] defied the school of thought that it was a slow move this cycle as its market cap jumped by over 9%. This increase placed its […]

Blast and Base have heightened competition within the Ethereum L2 space.  Polygon CEO sees L2 competition as bad for Ethereum.  In the past, Ethereum’s [ETH] layer (L2s) ecosystem has been dominated by Arbitrum [ARB] and Optimism [OP].  Advertisements However, the entry of Coinbase L2 solution Base and Blast has heightened further competition. Right now, Optimism […]

Increased meme coin activity on Base contributed to the hike. A surge in active addresses could improve the number in the forthcoming weeks. Layer-2 projects built on the Ethereum [ETH] blockchain like Polygon [MATIC] have been experiencing a surge in on-chain activity. Advertisements According to IntoTheBlock, transactions on the networks have hit 32 million every […]

Brandt predicted that Solana could double versus Ethereum. Solana showed significant growth despite recent network issues. Solana [SOL], a cryptocurrency that previously aimed for $200, has encountered setbacks amidst a bearish sentiment in the weekly charts. Advertisements However, its 24-hour price cycle depicted a 3.56% surge, mirroring optimism in the border market. Inasmuch, renowned crypto trader […]

Peter Brandt criticized Ethereum as a “junk coin” due to perceived flaws Most experts, however, are optimistic about Ethereum’s future  The crypto-market recorded significant volatility in the first quarter of 2024, with many leading cryptocurrencies such as Ethereum [ETH] and Bitcoin [BTC] both rising and falling. Ethereum, in particular, has showed some promising signs beyond […]

JPMorgan’s report sheds light on the decline in Lido’s staked Eth share. SEC had emphasized lack of network decentralization in evaluating Ethereum’s security status. For the last couple of weeks, the Securities and Exchange Commission (SEC) has been actively pursuing an investigation into Ethereum [ETH], aiming to classify it as a security. Advertisements This investigation […]

US SEC seeks comments on ETH ETF applications for Grayscale, Bitwise and Bitwise.  Analyst maintains low odds of May approval, calls the comments “standard procedure.” On the 3rd of April 2024, the U.S. Securities and Exchange Commission (SEC) opened a public comments period for Ethereum [ETH] ETF filing amendments tied to Bitwise, Fidelity and Grayscale.  […]

Amidst the uncertainty around Ethereum ETFs, ETH declined by 7.98% over the week. Despite optimism about EigenLayer’s protocol, challenges with Ethereum restaking were noted. As anticipation mounted for the potential approval of Ethereum [ETH] Exchange-traded Funds [ETFs], market sentiment toward Ethereum appeared to be uncertain. Advertisements According to CoinMarketCap, ETH was priced at $3,315.89, declining […]