Institutional investment flows out of ETH and into competing L1 altcoins
Analysis from CoinShares shows investors favored smaller altcoins last week as capital outflows for Ethereum hit $17 million.
Analysis from CoinShares shows investors favored smaller altcoins last week as capital outflows for Ethereum hit $17 million.
PRESS RELEASE. In this industry, it is crucial to establish key strategic partnerships in order to ensure both longevity and prosperity. As such, LABEL Foundation has officially announced a partnership with Polygon Studios, with the further intention to chase their multichain goal and launch their Dapp additionally on Polygon Network, along with Binance Smart Chain […]
The CityCoins project on Stacks is getting added functionality through 11 new startups from the Stacks Ventures project incubator.
I'll be intentionally vague about some things. Someone I know won $300,000 online gambling with a VPN. I believe they said they used a Mexico address. They live in California. Paid out in etherum. How should they figure tax? How would you even classify the income. Can you even claim online gambling winnings? Are there…
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Only 5.3% of Spanish crypto investors have received a warning to declare income taxes, according to a report in local media. If accurate, this would mean that only 233,000 investors, a minuscule portion of the estimated 4.4 million Spanish citizens that have delved into the crypto world with investment ideas in mind, were contacted by […]
Ethereum started a strong recovery from $2,800 against the US Dollar. ETH is back above $3,000 and eyes a major increase above the $3,035 resistance. Ethereum started a major recovery wave above $2,900 and $2,950. The price is now trading above $2,950 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $2,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,980 support to accelerate further higher above $3,035. Ethereum Price Dives Ethereum extended decline below the $2,850 support zone. However, ETH found a strong buying interest near the $2,800 level. A low was formed near $2,800 and the price started a strong upward move. There was a clear move above the $2,880 and $2,920 resistance levels. Ether price climbed above the 50% Fib retracement level of the key decline from the $3,179 swing high to $2,800 low. Besides, there was a break above a key bearish trend line with resistance near $2,950 on the hourly chart of ETH/USD. The price is now trading above $2,950 and the 100 hourly simple moving average. It is also consolidating near the $3,000 level. On the upside, an initial resistance is seen near the $3,035 level. Source: ETHUSD on TradingView.com The 61.8% Fib retracement level of the key decline from the $3,179 swing high to $2,800 low is also near the $3,035 level. A clear move above the $3,035 resistance might start another increase. The next major resistance is near the $3,090 level. Any more gains may perhaps send the price towards the $3,180 resistance. If there is a move above $3,180, the price could rise towards $3,250. Dips Limited in ETH? If ethereum fails to gain pace above the $3,035 level, it could start a downside correction. An initial support on the downside is near the $2,980 zone. The first major support is near the $2,950 level and the 100 hourly simple moving average. If there is a downside break below the $2,950 support, the price could start a major decline. The next key support is near the $2,915 zone, below which there is a risk of a move towards $2,850. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $2,980 Major Resistance Level – $3,035
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𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 𝐇𝐨𝐰 𝐢𝐭 𝐰𝐨𝐫𝐤𝐬 (𝐆𝐮𝐢𝐝𝐞 𝐢𝐧𝐜𝐥𝐮𝐝𝐞𝐝) ——————————————- Portfolio’s Currency is selected. History is inputted either with a CSV file or manually (Transactions, Trades, Dividends). Each investment’s information is specified (Asset Class, Region, Sector, etc.) All data are then calculated automatically based on the above information. 𝐒𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐂𝐮𝐫𝐫𝐞𝐧𝐜𝐢𝐞𝐬 ——————————- (For all Portfolio and Individual…
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