Now that the historic Ethereum Merge is finally complete and everything went off smoothly, what’s next for the network? Join us as we discuss this and more with Tim Warren, co-host of Coffee N Crypto, and Dr. Julian Hosp.
Hey all, now that the merge is complete, how do I stake and what's the expected APY? submitted by /u/yonibitc [link] [comments]
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Binance Coin (BNB) struggles to hold support after flipping it into resistance against tether (USDT) as a bullish structure hits a rock. Despite showing a great bullish structure in recent weeks, the price of Binance Coin (BNB) has had a really quiet time as the market continues in a mist of mixed feelings regarding where the crypto market is headed. (Data from Binance) Related Reading: Will Tron Tie-Up With Liquidity Provider Wintermute Boost TRX Price? Binance Coin (BNB) Token Price Analysis On The Weekly Chart BNB saw a decline in its price from $650 to around $200, with an over 60% drop from its all-time high despite having good fundamentals. The price of BNB bounced off after touching a weekly low of $200, and the price rallied to $330, showing some great strength. The price of BNB on the weekly chart formed an uptrend after bouncing from its weekly low with so much bullish sentiment as the price rallied to $330, where it faced a major weekly resistance to trend higher. BNB’s price failed to break above this resistance on the weekly chart as the price was rejected but continued to respect the trendline support it has built in recent weeks after creating swing highs with good buy order volume. The price of BNB is $276.1 on the weekly chart, trading a bit below the trendline support; if the price of BNB fails to hold this trendline support and the weekly price closes below this level or zone, we could see the price of BNB going its support level of $230. For BNB’s price to maintain its bullish structure, the price of BNB needs to reclaim its trendline support and rally towards the resistance at $330, with good buy order volume for BNB. Weekly resistance for the price of BNB – $330. Weekly support for the price of BNB – $260. Price Analysis Of BNB On The Daily (1D) Chart The daily timeframe for BNB prices continues to weaken as the price broke out below the symmetric triangle BNB price has formed, losing its uptrend support on the daily timeframe. The price of BNB needs to rally with good volume to assume its bullish structure in the daily chart as there are more sell orders for BNB presently. On the daily timeframe, the price of BNB is currently trading at $276.1, as the price of BNB on the daily chart closed below the 50 and 200 Exponential Moving Average (EMA), acting as resistances for BNB price. The price of $285 and $317 corresponds to the resistance at 50 and 200 EMA for the price of BNB. If the 50 EMA fails to be reclaimed by the BNB price, we could see the price retesting the support at $260 or lower. The Relative Strength Index (RSI) for BNB is above 50 on the daily chart, indicating low buy order volume. Daily resistance for the BNB price – $285-$317. Daily support for the BNB price – $260-$230. Related Reading: Bitcoin Price Has Strong Potential To Hit $25,000, Weekly Analysis Suggests Featured Image From zipmex, Charts From Tradingview
In the past 24 hours , 79,947 traders were liquidated , the total liquidations comes in at $268.12 million The largest single liquidation order happened on Okex – BTC-USD-SWAP value $3.20M Ethereum long got rekt. Over 60 million dollar at the time of this post 6X more than BTC. The market gives and takes and…
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Ethereum has completed one of its most significant milestone with the successful completion of “The Merge”, the migration to a Proof-of-Stake (PoS) consensus. Market participants were expecting an aggressive price action during this event, but the results might be disappointing. And we finalized! Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today. — vitalik.eth (@VitalikButerin) September 15, 2022 Related Reading: Crypto Market Hasn’t Bottomed Yet, Analyst Says – More Pain Ahead? At the time of writing, Ethereum (ETH) trades at $1,480 with a 7% and 8% loss in the last 24 hours and 7 days, respectively. The second cryptocurrency failed to consolidate a rally into the previously lost territory, rather the price action seems to be trending to the downside on lower timeframes. Why “The Merge” Was A No Event For Ethereum Ethereum was able to approach the $1,800 price market but was rejected from those levels due to two critical macroeconomic events. Trading firm QCP Capital recorded a lack of activity from the market in the days previous to “The Merge”. In that sense, the event went from operating as a potential price catalyzer to either direction to a “volatility killer”. The most uncertain after about the migration to PoS, the firm believes, was the ETH forks and the miners attempting to claim a portion of the cryptocurrency’s market share. However, the ETH forks were a “disappointment” as the proponents failed to convince the market about their future and potential to replace ETH PoS. QCP Capital noted: mkt finally came to terms with ETHW as a potential massive disappointment last wk, following their “totally” whitepaper release (9 pgs of “this page is intentionally left blank”). Coupled with the chain ID debacle, meaning nobody will be able to actually test the chain pre-fork. Still, the market might experience some volatility as large players unwind their “Merge” positions. QCP Capital concluded: Longer-term the ETH POS should be bullish, but we are not expecting an immediate breakout move post-merge. We are anticipating a huge pressure on the ETH vols post-merge. The Macro Outlook A slowdown in inflation might support the about, QCP Capital believes the upward trajectory for this metric has “peaked and is headed lower”. This might provide crypto and other risk assets with support to bounce from their current levels. The market is pricing in an aggressive Federal Reserve (Fed) which might operate as a bullish factor if the institution hints at a less aggressive monetary policy. At the time of writing, market participants are expecting the Fed to hike interest rates by 75 to 100 basis points (bps). Related Reading: TA: Bitcoin Price At Major Risk of A Breakdown Below $20K: Here’s Why In the coming months, with a persistent downside trend in inflation, the Fed might finally pivot and the crypto market might rally. Ethereum seems poised to take advantage of a shift in macro-dynamics with the successful “Merge”.
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Uncertain BTC price action continues as Ethereum trends downward despite the successful Merge.
