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submitted by /u/Own-Independence8197 [link] [comments]
submitted by /u/Own-Independence8197 [link] [comments]
logged back into my Binance account after leaving it untouched for years lol. I checked my BETH staking and saw the platform is now promoting WBETH. I haven't followed any of the updates, so I'm a bit lost. Is there any real point for me to convert my BETH if I'm not really keeping up…
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submitted by /u/UweLang [link] [comments]
Kronos Research’s Vincent Liu expects Solana ETF inflows to continue next week, noting that rotation from Bitcoin and Ether will likely persist.
The recent Ethereum price rejection that pushed it back below the $4,000 level has created a concerning trend that could send the price spiraling. The major point of interest lies at the 0.618 Fibonacci retracement level, where the last rejection occurred. Given this, it is likely that the Ethereum price could see more declines in the coming days, although there is still the possibility of the bulls taking over and invalidating the entire bearish setup. Ethereum Price Is Showing A Lot Of Weakness The rejection from the 0.618 Fibonacci retracement level marked the start of the decline from the $4,200 level during the last recovery. This rejection resulted in the formation of a lower high on the 4-hour timeframe, and historically, such lower high formations mean that there is more selling pressure piling up for the digital asset. Related Reading: Dogecoin Price Breakdown Is Nothing To Worry About? This Long Term Structure Points Above $1 As the bullish momentum looks to be fading, it puts the Ethereum price in a precarious position. Crypto analyst The Alchemist Trader explains that the rejection had come with increased bearish volume as investors offloaded their holdings on the market, putting bears in charge once again. Following this development, the Ethereum price has continued to struggle around $3,900, where the next local support lies. The cryptocurrency has maintained a tentative hold at best on this local support, suggesting that the bulls could indeed be losing ground at this level. If this corrective phase continues, then the Ethereum price decline is far from over. The current local weakness has put a strain on the support, and if $3,900 fails completely, the next major support lies below $3,400, more specifically at $3,385. This will serve as the next stronghold for the bulls to make their move. “From a structural perspective, Ethereum’s inability to sustain momentum signals growing bearish pressure across lower timeframes,” the crypto analyst explained. The Case For ETH Bulls Despite the mounting bearish pressure, there is still the possibility that the Ethereum price could break out of this downtrend. Just like with the bearish case, the key lies at the $3,900 support and how well it holds. Related Reading: Wave 3 Target Suggests That The XRP Price Is Headed For $10 In the case that bulls are able to reclaim and hold this support with momentum, then it could invalidate the bearish setup that has emerged. In this case, the crypto analyst believes that the Ethereum price could resume its uptrend above the 0.618 Fibonacci retracement level. Featured image from Dall.E, chart from Tradingview.com
A recent study by Electric Capital reveals that while stablecoin usage is global, the Americas lead in stablecoin activity compared to more populous regions. Wallet Size and User Activity Patterns According to the latest study by Electric Capital, stablecoin usage is global, but the Americas generate more stablecoin activity than even more populous regions. The […]
A recent study by Electric Capital reveals that while stablecoin usage is global, the Americas lead in stablecoin activity compared to more populous regions. Wallet Size and User Activity Patterns According to the latest study by Electric Capital, stablecoin usage is global, but the Americas generate more stablecoin activity than even more populous regions. The […]
Crypto debates DeFi forks while AI companies lock trillions of tokens into proprietary training runs, building permanent data set monopolies. The window closes fast.
Bitcoin fell nearly 4% in October as ETF outflows closed out the month, but Bollinger Bands BTC price volatility odds hit record levels.
Source: https://x.com/BitcoinMagazine/status/1984352769814274221 submitted by /u/kirtash93 [link] [comments]