In summary: Friday’s crypto market opened in the red with Bitcoin dipping to as low as $11,600. Ethereum also dipped to the $400 support area with LINK continuing on its slow correction. OMG and ZRX are...
Quick take: The DeFi boom has led to high ETH fees on the Ethereum network. The team at CoinMetrics has concluded retail users are being locked out of DeFi by these high ETH fees. Whales are...
In summary: Ethereum’s price is consolidating below $400 and above the $365 support zone. A loss of $365 for ETH could break Ethereum’s bullish run in the crypto markets. $365 was Ethereum’s peak value in 2019. ...
Quick take: Majority of the popular DeFi applications are being built on Ethereum. The popularity of DeFi has resulted in Ethereum reestablishing itself as the number one DApp platform. 4.3 Million ETH is now locked in...
In summary: Ethereum breaks $400 again, a record-high since mid-2018 The number of Ethereum active addresses surpasses mid-19 levels Research shows that Active addresses positively influence ETH price Ethereum (ETH) is gaining more than 3% to...
In summary: Bitmex Co-Founder and CEO, Arthur Hayes, sees Ethereum hitting $500 in the near future. Ethereum continues to climb towards $400 even after its latest dip to $325. Trading of ETH has become popular as...
In brief: After breaking $12k and $400, Bitcoin and Ethereum fell hard to $10,500 and $325. Crypto traders were caught off guard with over $1 Billion in liquidations. The volatility might just prove that we are...
In brief: Earlier today, Etheruem Classic experienced a chain split that hinted of a possible 51% attack. Crypto exchanges were advised to pause deposits and withdrawals. Investigations are still ongoing with an initial diagnosis hinting that...
Quick summary: The short term correlation between Ethereum and Bitcoin is gradually dropping. The drop could signal the end of a 3-year high correlation between BTC and ETH. The last time Ethereum’s correlation with Bitcoin dropped...
In brief: Ethereum turning 5 years old has had a bullish effect on the price of ETH. Ethereum has bulldozed past several resistance levels including $320. At its current momentum, ETH could retest the 2019 high...
In brief: The initial release of Ethereum was 5 years ago on July 30th. To date, Ethereum is the most popular smart contract platform. DeFi and ETH2.0 occupy center stage on Ethereum’s fifth anniversary. The popular...
In summary: Ethereum has long been known for high gas fees during times of network congestion. The DeFi boom and related stablecoin activity are two reasons for Ethereum’s current congestion that results in high ETH fees....