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

Protocols on Ethereum witness high activity, but what does it mean for ETH

Protocols and Layer 2 solutions on Ethereum continue to improve However, Ethereum’s state declines as network growth and velocity go down Ethereum is still in the process of recovering from its post-Merge blues, meanwhile, protocols on the Ethereum network witnessed growth. According to crypto analytics firm Messari, Graph Protocol, a query network protocol for Ethereum, … Read more

Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

Ethereum’s burning rate was more than minting activities, resulting in a good supply rate Staking activities were actively operational, although it was insignificant to ETH’s price Ethereum [ETH] seemed to have sustained a good performance despite the unpleasant nature of the crypto market. This was the opinion of Easy OnChain, a CryptoQuant analyst. According to … Read more

Jokes about wrapped ETH depeg cause brief panic on Twitter

Crypto influencers started a joke about wrapped Ethereum (WETH) losing its peg and becoming insolvent over the weekend, causing a brief panic within the community. The joke started on Nov. 26 when blockchain developer Cygaar tweeted that WETH was about to become insolvent and that they would bail out anyone at a rate of 0.5 … Read more