A three months long falling wedge appears to be forming on ethereum and other cryptos, including bitcoin. The falling wedge pattern forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is […]

Ethereum has processed $4 trillion worth of transactions in the first half of 2021 with it set to clear $8 trillion transactions this year for the first time. According to blockchain analytics from Messari, ethereum saw a 3x increase in the first quarter, settling $1.5 trillion in transactions, up from $570 billion in Q4 2020. The second quarter saw a […]

Ethereum is up this month, reaching a recent high of $2,400 with it currently trading at $2,340 at the time of writing. That’s up by about 20% since July the second when it fell to $2,000, with it further gaining since yesterday’s $2,200. One reason might be a return of some bullishness in defi where numerous prominent tokens saw significant […]

Ethereum lead developer Tim Beiko has confirmed via Twitter on July 6, 2021, that the much anticipated London hard fork will go live on August 4, 2021. The London hard fork comes with five important Ethereum Improvement Proposals, including EIP-1559, which aims to bring a positive change to the network’s fee structure. London Hardfork Goes Live in July Having successfully […]

The long-awaited London hard fork, also known as the EIP-1559, has a tentative launch date. The upgrade should ship as soon as this August. London Hard Fork Expected To Launch In August A key bullish catalyst on the horizon for ethereum is a major infrastructure upgrade to the network: the London hard fork. It includes five crucial Ethereum Improvement Proposal […]

Ethereum has briefly risen above $2,000 once again while bitcoin has overtaken $34,000 with stocks in green as dow rises 0.7% while the S&P 500 sees a gain of 0.56% as it reaches a new all time high of 4265. Gold is somewhat stagnant instead after falling from above $1,900 to a stuck $1,780 where it has stayed for the […]

Ropsten, the ethereum testnet has successfully upgraded earlier this Thursday, with the fee market reforming Ethereum Improvement Proposal (EIP) 1559 now live in test conditions. For the first time we can now see how this works in practice, with a site tracking the amount of eth that is being burned by the block. As can be seen above, one or […]

Ethereum’s $2k is Still the Level to Watch With respect to price action, Ethereum continues exhibiting weakness after being rejected at the $2,890 price area on Monday this past week. This price area coincides with the $2,800 resistance level and the 50-day moving average (white) as highlighted in the following chart. Also from the chart, it can be observed that […]

Ethereum’s London Upgrade On-track, Will Introduce 5 EIPs The continual staking of Ethereum on the ETH2.0 contract shows that investors are optimistic about the progress of the upgrade. To note is that the London hard fork is scheduled for launch on the mainnet around July with the development team at Ethereum yet to provide a definitive date. However, in a […]