Ethereum Watch

Ethereum gas usage declined along with overall activity. Whales show interest in ETH as prices surge. Ethereum [ETH] has been having a tough time over the last week as its price has declined significantly. However, it wasn’t just prices that were impacted during this period. Advertisements Activity on Ethereum declines Ethereum’s median gas plummeted to […]

Ethereum saw its market structure flip bearishly on the 12-hour timeframe. The idea of a range formation would be invalidated upon a price drop below $2850. Ethereum [ETH] investors could be in trouble as prices dipped below the psychological $3k support level. Advertisements The past week saw an increased whale activity and accumulation, but the […]

Ethereum’s price fell while network growth and velocity plummeted On a macro level, Ethereum’s network continues to see growth Ethereum [ETH] recorded a massive decline in price over the last 24 hours, along with the rest of the cryptocurrency market. At press time, ETH was trading at $3,267.60, with its value down by 7.22% on […]

Security concerns around Ethereum were explored by analysts. Activity on the Ethereum network remained high, and interest in NFTs fell. Ethereum [ETH] is known for its reliability and hasn’t faced any major issues. However, questions were raised about the network’s security recently. Advertisements Looking into the security aspect According to the findings of crypto analyst […]

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 […]

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 […]