Ethereum’s on-chain metrics are troubled but ETH can go up high only if…

The crypto market has had quite a rough ride of late. The king altcoin Ethereum in the last 24 hours tanked by 3.54%. It followed BTC’s movement closely as ETH’s correlation to the king coin stood at 0.91. The last 24 hours have been crucial for Ethereum as the bears gained momentum. On 20 May, … Read more

Did Ethereum Name Service [ENS] revenue stream hit a record high in May

Non-mainstream projects, more often than not, take their own time to create a niche and establish themselves. Then, it just becomes a matter of time for their name and fame to heighten. Ethereum Name Service is one such project. Investors and NFT enthusiasts scrambled over a newly released batch of 10,000 ENS domain NFTs. From 0000 … Read more

Ethereum [ETH] attempting to sustain itself over $2k level thanks to…

ETH is back on track after recording a 4% bull run in the last 24 hours. After a difficult series of weeks, ETH developers have finally released a bit of good news. A core developer posted a tweet signaling the release of the testnet on 8 June. The Ethereum community seems to have a sigh … Read more

Animoca Brands co-founder says web3 is growing despite the recent crypto crash

Animoca Brands co-founder Yat Siu believes the web3 ecosystem continues to expand rapidly despite the recent turmoil in the crypto markets, according to an interview with Bloomberg’s Stephen Engle on May 18. Siu said the recent crash in the crypto market is not similar to the 2018 rout. He highlighted that Bitcoin (BTC) was trading … Read more

CFTC Chair labels Bitcoin, Ethereum as commodities

Rostin Behnam, the Chair of the Commodity Futures Trading Commission (CFTC), claimed Bitcoin (BTC) and Ethereum (ETH) are commodities. He said this during an interview with CNBC’s Squawk Box on Monday. Referring to a Senate bill that seeks to give the Securities Exchange Commission (SEC) control over a large chunk of the crypto market, leaving … Read more

Ethereum finds a local bottom but these levels can save your portfolio

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Ethereum saw a fall in gas prices, likely prompted by a decline in DeFi usage. The much-anticipated Merge was not likely to rescue Ethereum from bearish jaws on the price charts just yet. The path … Read more

Dubai-based law firm, school to start accepting crypto payments

Ashish Mehta & Associates, Solicitors and Legal Consultants, a Dubai-based law firm, has announced plans to start accepting crypto for payments. Through this integration, the law firm’s clients will be able to pay for services in digital currencies, including Tether (USDT), Bitcoin (BTC), and Ether (ETH). Explaining why the law firm decided to take this … Read more

Ethereum lovers should watch out for these levels in the weeks to come

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Data from Santiment showed a dramatic increase in transaction volumes for Ethereum in the past two days. Moreover, the number of addresses at a loss on the Ethereum network reached a new ATH, which was … Read more

ETH darlings need to know this before they open a position this bear season

Ethereum investors continue to show faith in their loved altcoin even after the recent crash. Despite the macro headwinds, ETH is now ranging above $2,000 repaying the faith of the investors. Now, the pertinent question remains- Is the Luna debacle still affecting Ethereum? The recent slump caused a major worry in the Ethereum community which … Read more

Ethereum: What’s the reason behind ETH facing the brunt of this recent crash

Ethereum has dropped to its lowest point since July 2021 in the aftermath of the latest crypto crash. Standing at $1750 at press time, Ethereum has plunged severely recently suffering a near 25% dip in last 24 hours. Experts regard the LFG sell-off as the major factor for this debacle. The latest drawdown in the … Read more