Assessing Ethereum [ETH] derivatives demand behavior ahead of 2023

Does ETH’s current derivatives demand match the spot market outcome? Assessing the level of leverage, whale activity, and liquidations in the market. Glassnode alerts just revealed that the ETH supply last active in the last one to four weeks has increased to a monthly high. This is a refreshing take from the relative inactivity we … Read more

ETH key addresses intensify accumulation, weak hands continue to sell at a loss

Key sharks and whales have grown their ETH holdings in the last month. Even after a price decline, ETH sees fewer sell-offs. Despite the continued decline in  Ethereum’s [ETH] price due to the collapse of FTX, sharks, and whales (holders of 100 to one million ETH tokens) on the network exhibit no signs of slowing … Read more

This DAO is donating 100ETH ($123k) to crypto sleuth ZachXBT

Nouns DAO will donate 100 ETH ($123,000) to ZachXBT to fund his investigative journalism, according to a Dec. 8 tweet. Nouns will donate 100 ETH ($123,000) to @zachxbt to fund their investigative journalism. Prop #177 from @noun40__ passed: 180 for, 20 against. — House of Nouns ⌐◨-◨ (@houseofnouns) December 8, 2022 According to the … Read more

Ethereum may consider DAO stablecoins for the future as ETH slides

Ethereum considered DAO-backed stablecoins as part of its future plans. ETH progressed towards strong buying momentum even though sell pressure thrived. Ethereum’s [ETH] co-founder, Vitalik Buterin, said in his 5 December blog post that DAO stablecoins could be integral to the project’s future. The crypto bigwig noted that the ability of these coins to allow collateralization makes … Read more

Ethereum’s [ETH] price might touch $450 before any significant rally, but…

An analyst predicted that ETH’s price would touch $450 before seeing any significant rally. On-chain data suggests that the analyst’s position might be misconceived.  The dormancy on the ETH network, however, has to see a reversal for the price to rally in the long term  According to CrypotQuant analyst Ghoddusifar, Ethereum’s [ETH] price might touch … Read more

Ethereum’s net issuance reading since merge has got some tips for traders

Ethereum’s total net issuance witnessed a massive spike. The number of Ethereum’s retail investors also grew over the past few days. Glassnode, a crypto analytics firm, reported that over the past few weeks, there was a significant increase in the total net coin issuance of Ethereum.                   … Read more

What Ethereum [ETH] holders should expect in the near-term

ETH was in a bullish market structure but in a price correction phase The price decline could settle at the 78.6% ($1260.23) Fibonacci retracement level  Ethereum (ETH) was trading at $1283.82 at press time. This level was a drop after ETH lost the psychological $1300 mark it reached after a recent rally last week.  At … Read more

Ethereum miner revenue reaches monthly high, but here’s the issue

ETH’s number of daily active addresses surged to a monthly high in the last three days. The transaction volume was relatively low which suggested the lack of a strong whale presence. Ethereum network activity has seen significant recovery this week as market conditions improve. This was highlighted in the latest Glassnode report which reveals that … Read more

Assessing whether Ethereum’s [ETH] price rally is imminent in the short term

Ethereum [ETH] has seen a surge in its count of daily active addresses. The past few days have been marked by increased ETH accumulation. On 28 November, for the first time since 15 October, the number of unique addresses that traded Ethereum [ETH] daily clinched a high of 497,300 addresses, data from Santiment showed.  The … Read more

Reasons ETH investors can be disappointed despite Ethereum’s latest milestone

L2 protocols on the Ethereum blockchain reached a monthly all-time high with Optimism and Arbitrum leading the front The Ethereum network was still struggling with sustaining a improved momentum   Ethereum [ETH] layer-two (L2) protocols hit another landmark in proving its 2022 increased adoption as the gas consumption hit a monthly all-time high. This milestone … Read more