Tag: ethereum upgrade

Mar 26 2021

Ethereum has Had Positive Returns for 10 of the last 12 Months

In brief: Ethereum's monthly returns have been positive for 10 of the last 12 months Ethereum is well on its way towards closing March on a positive note The recent dip to $1,537 could set the pace for Ethereum retesting $2k in April The digital asset of Ethereum has had a volatile few days and the turmoil might have caused many traders to...

Mar 16 2021

Ethereum’s High Daily Active Addresses Point Towards a Retest of $2k

Summary: The Ethereum network has seen a rise in daily active addresses Such an increment in network activity points towards Ethereum retesting $2k Ethereum balances on crypto exchanges continue to decrease Ethereum is probably being diverted to DeFi, NFTs, Cold Storage and ETH 2.0 Staking Only a weak Bitcoin will delay Ethereum from retesting $2k The Ethereum network has seen an uptick in...

Mar 07 2021

Ethereum’s EIP-1559 & Stimulus Checks Could Send ETH Back Above $2k

Quick take: Ethereum's EIP-1559 is scheduled for implementation this July during the London hardfork EIP-1559 includes the implementation of a BASEFEE that will be burnt with each transaction Burning of the BASEFEE makes Ethereum a deflationary asset EIP-1559 coupled with incoming $1,400 stimulus checks, could send Ethereum back above $2k Ethereum's EIP-1559 is scheduled for implementation this July alongside the London hard fork....

Jan 17 2021

Ethereum (ETH) Stored On Crypto Exchanges Drops to 22% of Total Supply

Quick take: The amount of Ethereum stored on crypto exchanges has dropped to 22% of the total supply Ethereum in exchanges was at 26.33% of the total supply five months ago Current levels were last seen in November of 2018 when ETH dropped to $80 and then rallied to $366 The drop in the amount of Ethereum on crypto exchanges is a bullish...

Jan 09 2021

Ethereum (ETH) Feels Cheap During a Bull Run – T. Winklevoss

Summary: Tyler Winklevoss has pointed out that Ethereum is 10% shy of its all- time high According to Mr. Winklevoss, Ethereum feels cheap during a bull run ETH miner balances are at an all-time low, hinting that there is seller exhaustion Ethereum is now attempting to turn the $1,200 price area into support The Co-founder and CEO of the Gemini Exchange, Tyler Winklevoss, has...

Dec 31 2020

Ethereum’s Potential For Gains in 2021 is Greater than BTC’s – Report

Summary: Ethereum has more potential for growth and could provide substantial gains in 2021 Ethereum is already up 469% in 2020 compared to Bitcoin's 281% ETH is still discounted if it is to retest its all-time high next year Ethereum has formed an ascending triangle that could push it to $800 in the short term The team at Weiss ratings is of the...

Dec 13 2020

10.7% of Ethereum 2.0 Validator Deposits are From Kraken

Quick take: 10.7% of Ethereum 2.0 validator deposits are from Kraken Coinbase and Bitfinex hold 5.8x more Ethereum than Kraken 2 crypto exchange could control 1/3 of the validators, 5 exchanges could control 1/2 of the validators 1.436 Million ETH is locked in the deposit contract with more being sent daily 10.7% of the current Ethereum 2.0 validator deposits are from the crypto...

Dec 09 2020

Ethereum’s Correlation to Bitcoin Almost Doubles in 2 Weeks

Quick take: Ethereum's correlation to Bitcoin had dropped to as low as 0.42 in late November Such levels were last seen in 2018 Ethereum's correlation to Bitcoin has since increased to 0.75 This is an increment of 178% in two weeks Ethereum's price is once again in bearish territory However, a bounce is likely with the bullish global events of a possible Brexit...

Dec 04 2020

ETH Held By the Top 10 Ethereum Whales Drops from 16.4% to 4.5%

Quick take: The amount of Ethereum held by the top 10 ETH whales has dropped from 16.4% of the total supply to 4.5% in one month This is a case of redistribution as more ETH addresses are created Whales transferring their ETH to ETH2.0 explains the redistribution further Ethereum is once again battling to reclaim $600 The amount of Ethereum held by the...

Nov 29 2020

Ethereum’s Price Could Rapidly Rise to $750 – Crypto Analyst

Quick take: According to crypto analyst MagicPoopCannon, Ethereum could be on a path to test $750 If $750 is broken, Ethereum could very well push higher to $830 His analysis is based on Ethereum moving within a parallel channel since February this year Ethereum will continue facing pullbacks but a retest of its all-time high is possible The month of November is quickly...

Nov 24 2020

Ethereum Deposits to ETH2.0 Contract Exceed the Required 524,288 ETH

Quick take: Ethereum deposits to the ETH2.0 contract have hit a total of 531,872 ETH This is 101.4% of the required amount for Phase 0 to kick-off A total of 16,621 validators out of the required 16,384 participated in the deposits Ethereum's price has benefited from the rush to deposit ETH to the ETH2.0 contract Phase 0 of ETH 2.0 is officially a...

Nov 21 2020

Ethereum’s Rise Above $500 Coincided With a Spike in ETH 2.0 Deposits

Quick take: Ethereum successfully broke the $500 price ceiling setting a 2 year high of $518 - Binance rate Ethereum's move above $500 also coincided with an increase in deposits to the ETH 2.0 contract The process is now 28% complete, up from yesterday's 20% Ethereum holders have until Monday, 23rd November, to send enough ETH to trigger Phase 0 by December 1st...

Nov 20 2020

Ethereum Tests $500 as ETH2.0 Deposits Hit 20% of 524,288 ETH Needed

Quick take: Ethereum finally retested $500 before falling back down to $490 levels This feat was accomplished as the ETH2.0 deposits hit 20% of the required 524,288 ETH for Phase 0 to kick-off Investors could increase the rate of their 32 ETH deposits as December 1st draws closer Consequently, ETH could rally a second time above $500 The digital asset of Ethereum (ETH)...

Nov 19 2020

Rate of ETH Deposits to ETH 2.0 Contract Points to a Jan. 15th Launch

Quick take: The rate of Ethereum deposits to the ETH 2.0 contract points to a January 15th launch 104,128 ETH has been sent to the deposit contract which is 19.86% of the required total amount However, events are not always linear and ETH whales could be waiting till the last minute to deposit their Ethereum Ethereum locked to launch Phase 0 will not...

Nov 11 2020

Crypto Exchanges Should Run Their own Ethereum Nodes – Bitfinex CTO

Quick take: Bitfinex's CTO has suggested that crypto exchanges should run their own Ethereum nodes His comments were a recommendation after Ethereum's infrastructure provider, Infura, went offline Crypto exchanges were temporarily forced to suspend ETH and ERC20 token withdrawals after a chain split occurred The root cause of the Ethereum chain split has been identified as an introduction of new code without a...

Nov 10 2020

Binance CEO Hints at Buying 32 Ethereum to Support ETH 2.0

Quick take: Binance CEO, CZ, has hinted that he will purchase 32 ETH He explained the Ethereum will be used to support ETH development 32 ETH is the minimum staking requirement on ETH2.0 ETH2.0 needs at least 16,284 validator deposits of 32 ETH each to trigger Phase 0 According to CryptoQuant.com, the ETH deposits required seem to be dropping Binance CEO, Changpeng Zhao,...

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