Tag: ethereum network

Aug 30 2021

Ethereum Gas Fees Skyrocket, Is This The Season Of The “ETH Killers”?

Ethereum is one of the most widely used blockchains in the crypto space. An increasing number of users enter the network each day. Amidst this, there have always been growing concerns about ETH fee rates. Fee rates have usually gone up in times of high network congestions. But recently, with the growing popularity of NFTs, these fees have gotten out of control. Since...

Aug 14 2021

By The Numbers: How EIP-1559 Has Impacted Ethereum Thus Far

Ethereum EIP-1559 went into effect in the first week of August. An upgrade that had been anxiously waited upon by the broader market had finally come to fruition. The network upgrade had been updated smoothly. And as of the time of this writing, the fee burn mechanism implemented with this upgrade is working smoothly. Burning over 3 ETH per minute in the past...

Jul 27 2021

Ethereum 2.0 Now Has Over 200k Validators, 6.42M ETH Staked

The Ethereum 2.0 network now has over 200k validators The Ethereum 2.0 deposit contract now has 6.42 million ETH staked worth $14.857 Billion Kraken is the largest single depositor with 12.5% of all ETH in the contract Ethereum is back to trading above the 200-day moving average and could keep pushing higher with the London Upgrade on the 4th of August The Ethereum...

Jul 24 2021

The Purpose Ethereum ETF Now Holds Over 62k ETH

The Purpose Ethereum ETF now holds over 62,000 ETH worth roughly $133.9 million The Ether ETF offers investor exposure to Ethereum and is listed on the Toronto Stock Exchange Interest in ETH continues to grow grown as Ethereum transitions to a Proof of Stake algorithm Ethereum might not dump after the London Upgrade on August 4th due to fundamentals and future growth The...

Jul 22 2021

Ethereum Attempts to Reclaim $2k on News of Elon Musk Owning ETH

Elon Musk has revealed that he personally owns Ethereum, Bitcoin and Dogecoin Mr. Musk made the revelation during 'The ₿ Word' virtual conference Elon Musk also revealed that both Tesla and Space X own Bitcoin Ethereum is currently attempting to reclaim the $2k price area as support The founder of Space X and CEO of Tesla, Elon Musk, has revealed that he personally...

Jul 15 2021

Ethereum’s London Upgrade is Now Ready for Mainnet Activation

Ethereum's London Upgrade has had a successful testnet deployment The Ethereum upgrade is now ready for activation on the mainnet The London upgrade will go live on block 12,965,000 expected to occur between August 3rd and 5th of this year A total of 5 EIPs will be implemented including the highly anticipated EIP1559 Bug bounties related to the London Upgrade have been doubled...

Jul 14 2021

Ethereum’s Top 10 Whales Keep Accumulating ETH, Now Hold 20% of Supply

Ethereum's top 10 whale addresses are continually accumulating ETH The Ethereum whales now hold 20.58% of ETH's circulating supply This is the highest percentage they've held since May 2017 2.12% of their holdings was accumulated in the last 41 days Ethereum is once again trading below $2k with $1,700 being a support zone to watch The top 10 whale addresses on the Ethereum...

Jul 08 2021

Ethereum’s Conflicting On-chain Metrics Hint at a Retest of $1,750

Ethereum's current on-chain metrics provide a 50:50 probability of ETH going either way However, similarities between the 2017/18 cycle and the current environment, point towards a dip by Ethereum Ethereum has also printed a rising wedge pattern that provides further proof of a pending pullback to lower levels of $1,750 Implementation of EIP1559 could be a 'sell the news event' but time will...

Jul 07 2021

Ethereum’s Death Cross Could be Averted by the Aug. 4th London Upgrade

Ethereum's 50-day MA and 200-day MA look set to form a death cross later this month The death cross might be postponed or averted completely by the launch of the London Upgrade Ethereum developer Tim Beiko, has proposed the London Upgrade to be activated on August 4th at block 12,965,000 Only time will tell whether the implementation of EIP1559 will translate to market...

Jul 06 2021

Ethereum’s Max. Price Lies in the Range of $75k to $175k – ETH Analyst

Ethereum's maximum price could lie between $75k and $175k This peak value could be reached in the next 15 to 20 years The analysis of Ethereum's maximum value and timeframe assumes that ETH is a technology that follows a diffusion function represented by a Gompertz Curve As with all models, the price of Ethereum may be affected by unpredictable events in the future...

Jun 30 2021

Ethereum’s Monthly Returns in June are its Lowest Since March 2020

The monthly close is hours away and Ethereum is on track to end June with -21% in returns June 2021 has been the worst month for Ethereum since March 2020 after the Coronavirus crash However, Ethereum has had positive returns in nine of the last 12 months Quarterly returns in Q2 2021, are also in the green at 11.15% The digital asset of...

Jun 24 2021

Ethereum Could Retest $2,300, Sentiment at Its Lowest Since June 2018

Ethereum could retest the $2,200 to $2,300 range with the new month of July Trader sentiment towards Ethereum remains negative and at its lowest since June 2018 There is a slight possibility of Ethereum dropping to the $1,200 to $1,400 range in the weeks ahead Ethereum (ETH) is once again attempting to reclaim the crucial $2k support zone and is currently trading at...

Jun 22 2021

Ethereum Loses $2k Support, Top 10 Non-exchange Whales Keep Holding

Ethereum has lost its $2k support zone hitting a local low of $1,700 today However, Ethereum's top 10 non-exchange whale addresses keep holding Other Ethereum investors have sent $500M worth of ETH to crypto exchanges in the last week Ethereum looks set for its very own death cross in mid-July Yesterday, Ethereum lost its crucial $2k support zone as Bitcoin battled to maintain...

Jun 19 2021

Ethereum (ETH) Percent Addresses in Profit Hit a 5-month Low of 90.73%

Ethereum percent addresses still in profit has hit a 5-month low of 90.73% The number of Ethereum addresses in loss has also hit a 5-month high of 5.542 million Ethereum miner revenue has also reached a 3-month low of $1.121 Million 187k ETH has been sent to crypto exchanges in the last week and could be the onset of capitulation The percent of...

Jun 13 2021

Ethereum Might Be In for a Rough Few Months – ETH Analyst

After an impressive 6 months in the crypto markets, Ethereum could be gearing up for a cooldown Timothy Peterson cautions that Ethereum may be in for a rough few months This is based on historical performances of Ethereum during the summer months Ethereum's $2k support is the level to watch moving forward If $2k fails, the 200-day moving average provides adequate support at...

Jun 09 2021

Ethereum’s Average Transaction Fee Drops to Mid-2020 Levels

Ethereum's average gas fee has dropped to levels last seen in mid-2020 It now costs roughly 26.9 GWEI to complete an Ethereum transaction Ethereum's daily transaction count has also dropped to mid-2020 levels Ethereum miner revenue has also reached a 3 month low All these metrics point towards a drop in network activity on Ethereum that could lead to ETH losing value The...

Jun 08 2021

Ethereum Whales are Still Hodling ETH Accumulated Since Oct. 2020

Ethereum whales holding 1k to 10k ETH are still holding their coins The Ethereum whales started accumulating ETH in October 2020 Ethereum's daily address activity is on the decline which is bearish Trader sentiment towards Ethereum continues to be negative and could lead to a capitulation event Ethereum whales holding 1,000 to 10,000 ETH are still holding onto their coins despite the ongoing...

Jun 05 2021

Ethereum Balance on Exchanges Hits a 2-year Low of 12.447M ETH

Ethereum balances on crypto exchanges have hit a 2-year low of 12.447 million ETH Ethereum outflows from crypto exchanges have exceeded 1 million ETH in the last 30 days The outflow of ETH from exchanges continues despite the slowdown in the price of Ethereum ETH is still having a hard time breaking the $2,800 resistance level The amount of Ethereum stored on centralized...

Jun 04 2021

Ethereum is On Track to Surpass BTC’s Market Cap – Bloomberg Report

Ethereum could be on track to surpass Bitcoin in terms of market cap Ethereum's market cap is currently half of Bitcoin's Ethereum will thrive due to continual use-case such as DeFi Ethereum should consolidate for a while between $2k and $4k The team at Bloomberg has released their monthly Crypto Outlook Report in which they point out that Ethereum is on track towards...

Jun 02 2021

Ethereum’s 3-month Correlation with Bitcoin Hits a 10 Month High

Ethereum's 3-month correlation with Bitcoin has hit a 10 month high The increased correlation comes after last month's Bitcoin dip to $30k that shook the crypto-verse ETH/BTC daily chart hints of Ethereum attempting to break free from the influence of Bitcoin at least in the short term However, 0.08 BTC might prove to be a difficult hurdle for Ethereum moving forward Ethereum's three-month...

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