The European Central Bank (ECB) has selected five companies to help develop user interfaces for a digital euro. Each company will work with the ECB and focus on one specific use case of the digital euro. Amazon has been chosen to focus on e-commerce payments. ECB Collaborates With 5 Companies on Digital Euro The European […]
As an outsider I didn't think that it would be possible. Since it was possible, I'm left wondering why? How did they do it? Did some kind of cartel come together to enforce the change? submitted by /u/contantofaz [link] [comments]
Scrolling through this subreddit in particular, I've seen so many users with these reddit NFT avatars. Makes sense seeing as this is a crypto forum, but the overall internet reaction was very negative when these were announced. Regardless, a lot of us here have learned to ignore the outside noise and continue to rock them.…
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Billionaire Jeffrey Gundlach, aka the Bond King, has shared his view on when to buy cryptocurrency. “You need a true Fed pivot,” he stressed. Gundlach also warned about the increasing risk of deflation, noting that it’s time to be bearish on the stock market. Jeffrey Gundlach on Fed Rate Hikes, U.S. Economy, and When to […]
The Ethereum price showed no positive effect despite the successful completion of the Merge. Over the last 24 hours, the coin depreciated by 2%, and in the last week, Ethereum noted a 17% decline. At the moment, ETH is trading sideways with very little change in price. A further drop in prices would mean that Ethereum could be captured by the bears. Technical indicators have turned bearish at the time of writing. Sellers are dominating at the time of writing, which points towards increased chances of the bears taking over. The current support line for Ethereum was $1,350, and if buyers push back into the market, Ethereum could move slightly upwards. Ethereum could be facing strong resistance at the $1,500 price level. Bitcoin’s chart also hasn’t looked very positive in the past few days as BTC revisited the $19,800 price zone. Increased buying power could lead to a short-term breakout near the $1,500 price zone for Ethereum. Ethereum Price Analysis: One Day Chart ETH was trading at $1,431 at the time of writing. The coin was moving further close to its immediate support line of $1,350. The immediate resistance mark for Ethereum was at $1,500, which earlier acted as a support zone for the coin. It is now consolidating near the $1,400 price zone. With buyers coming back into the market, Ethereum might be able to zoom past the $1,500 price level. However, it is yet to be seen how long the coin manages to trade above its overhead resistance. The amount of Ethereum traded declined in the past session, signalling that sellers have taken charge of the price action. Technical Analysis ETH registered a fall in the number of buyers as they seemed to have lost confidence in the asset given that Ethereum barely registered positive movement after the completion of the Merge. The Relative Strength Index was below the half-line, as an indication that buyers left the market. The Ethereum moved below the 20-SMA line, and that was also another indication of the sellers’ driving the price momentum in the market. Buying strength can help ETH rise above the 20-SMA, reinstating some positive price action. Related Reading: Ethereum Faces Test Of Survival After Merge, Can $1,400 Support Hold? Other indicators of Ethereum have also depicted bearish price action, with an intense sell-off across most indicators. The Awesome Oscillator measures the price momentum and the overall direction of the asset. AO depicted red histograms underneath the half-line, signifying the sell signal for the coin. Bollinger Bands depict price volatility and fluctuations. The bands narrowed, which was indicative of rangebound price movement for Ethereum. Related Reading: Ethereum Price Stalls While Bitcoin Dips Below $20,000 Post Merge Featured image from Pixabay, chart from TradingView.com
submitted by /u/RipplesZerp [link] [comments]
Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading,…
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submitted by /u/Status_Floor1746 [link] [comments]
I watch charts and data closely. And one thing that is painfully obvious over the past couple of months, is the rise of Cosmos. The ATOM token is up well over 200% since June and I honestly have no idea why. I’m not involved in it, have no vested interest, never used their wallets or…
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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says the Federal Reserve will destroy the U.S. economy with interest rate hikes. He advises people to invest in “real money,” naming bitcoin as an example. Robert Kiyosaki on Fed Rate Hikes, U.S. Economy, Bitcoin The author of Rich Dad Poor Dad, […]
