The average daily ETH issued vs the average daily ETH burned.
The issuance rate of ETH is nearly identical to the rate of ETH being burned. The supply of ETH remains almost the same after the ETH 2.0 merge.
Bitcoin broke the small symmetric triangle in a downward direction, but the good news is that the price is again testing the resistance area. Let's see if the price is able to hold above the resistance area this time.
Читать полностью…BlackRock bought another 1,708 Bitcoin. Nothing stops this train. The accumulation is going on and sooner the sellers are left with no BTC to sell.
Читать полностью…News Alert: One of the biggest Indian crypto exchanges, WazirX has been hacked for over $230M. The attacker still holds over $100M in SHIB and more than $4.7M in FLOKI tokens.
Читать полностью…OMNI analysis:
Price is currently attempting to reclaim the resistance area, with the downtrend line also serving as a resistance area. It's advisable to wait for a break of this resistance area for new entries.
Resistance Area: $14.50-$15.00
The current daily transaction volume on the Bitcoin network, without filtering for irrelevant transactions, stands at $46.4 billion. According to Glassnode analysts, this figure surpasses the respective transaction volumes of the Visa and Mastercard payment networks.
Читать полностью…The correction is over, and Bitcoin continues its upward movement. Mt. Gox transactions didn't affect the market much, and it looks like the bulls are back. The next resistance level is in the $69,000-$70,000 area, so let's see how the price reacts there.
Читать полностью…NEAR has broken the resistance area and is now trading above it. Consider opening a small long position on a retest with a tight stop loss. There may be a continuation of the upward movement in the coming days.
Support Area: $5.50-$5.85
Resistance Area: $8.00-$8.50
After the German government, Mt. Gox is now moving BTC for repayments. Bitcoin is experiencing a dip due to this, but don't worry – this phase will also pass soon.
Читать полностью…ALGO analysis:
Price is currently testing the resistance area. It's better to wait for new entries to see if it can break this level.
Support Area: $0.115-$0.124
Resistance Area: $0.156-$0.166
ETH is expected to continue its upward movement, heading towards the resistance area. It is advisable to accumulate ETH during dips for the mid-term, as the spot ETF is expected to drive significant buying and pump.
Читать полностью…ALT analysis:
Price is currently trading within a downtrend channel and is unable to break the resistance line. Before considering any trades, it is advisable to wait for a break above the resistance line.
Support Area: $0.11-$0.116
Resistance Area: $0.136-$0.140
NEAR is slowly approaching the resistance area. If the price can break above this resistance area, then we could see a move towards the major resistance area. A rejection from here will send the price towards the support area. It's better to wait for price action before making new entries.
Resistance Area: $5.50-$5.85
Major Resistance Area: $8.00-$8.50
Bitcoin’s recent decline below the 200-day moving average (DMA), marking its deepest correction since late 2022, has resulted in significant unrealized losses for many short-term investors, according to a new report by Glassnode analysts.
Читать полностью…The TOTAL cryptocurrency market cap bounced from the support area and is now heading towards the local resistance level. The selling pressure from Germany is no longer present, and we may see some positive movement in the market. The resistance level remains unchanged.
Читать полностью…ALT has broken the downtrend channel, retested it, and moved towards the resistance area, but got rejected. Consider opening a long position if the price drops to the support area.
Support Area: $0.136-$0.14
Resistance Area: $0.164-$0.169
THETA analysis:
The daily chart has a falling wedge pattern, and the price has not yet broken out of this pattern. We may see a move towards the support area, presenting an opportunity to open a long position.
Support Area: $1.20-$1.35
Resistance Area: $1.55-$1.60
ADA is currently testing the resistance area as expected. A break above this area would be bullish. Let's wait for a break above the resistance area for new entries.
Resistance Area: $0.43-$0.46
BTC flipped below the support but formed the triangle pattern at the zone and need to see a breakout with that. More over, weekend is about to get hit, so intermediate movement is expected from here.
Читать полностью…Educational Post
What Is an Ethereum ETF?
An Ethereum ETF is a type of ETF that tracks the price of ether (ETH). It allows investors to gain exposure to ETH’s price movements without having to deal with the difficulties of managing crypto wallets and exchange accounts. Investors can purchase shares of the Ethereum ETF allowing them to trade ETH through a familiar investment environment, such as a brokerage account.
How Does an Ethereum ETF Work?
An Ethereum ETF can either hold ETH directly or invest in futures contracts that are tied to the price of ETH. Let’s take a closer look at how an Ethereum ETF works:
1. Fund creation: Large financial institutions create shares of the ETF by purchasing ETH and contributing it to the ETF. They may also invest in futures contracts instead of holding ETH.
2. Tracking ETH’s price: The Ethereum ETF closely tracks the price of ether. If its price rises, the value of the ETF shares should also increase, and vice versa.
3. Trading on exchanges: The shares of the Ethereum ETF can then be listed and traded on various stock exchanges, such as Nasdaq. Investors can buy and sell these shares throughout the trading day, just like they would with stocks.
The TOTAL cryptocurrency market cap continues to move upward as expected. The market is moving up after Germany's selling and it looks like no sellers are left.
Resistance Area: $2.45-$250 Trillion
RAY analysis:
Price is currently breaking out of the resistance area and undergoing a retest, signalling a potential continuation of the upward movement. Consider opening a long position with a tight stop loss.
Support Area: $1.83-$2.00
Resistance Area: $2.65-$3.00
SOL continued its upward movement and reached the resistance area. The price dropped from there, and we might witness another test of the resistance area. A break above the resistance area indicates a bullish trend. Maintain your long position with a stop loss.
Resistance Area: $160-$165
Bitcoin is continuing its upward movement and has tested the resistance area. However, there was a sharp rejection at the resistance area, leading to traders taking profits. This correction is considered healthy and we may expect some sideways movement now.
Support Area: $59,500-$60,000
Resistance Area: $64,500-$65,000
Bitcoin is testing the short-term holders' MVRV support area. Historically, in the majority of cases, this has been a precursor to a continued bull run.
Читать полностью…Bitcoin broke through the resistance area with a large green candle, which is a good sign for the entire crypto market. We may now see some sideways movement before moving towards the next resistance area.
Support Area: $59,500-$60,000
Resistance Area: $64,500-$65,000
🚨 Breaking News:
US Bitcoin ETFs saw $310 million in inflows yesterday, marking the highest in a month.
This significant influx highlights growing investor confidence and a bullish sentiment in the market.
Bitcoin is currently testing a key resistance area. Let's observe its reaction. A breakout above this level would be bullish and bring positive sentiment to the market.
Читать полностью…Educational Post
What Are Actively Validated Services (AVS)?
Actively Validated Services (AVS) are services that undergo constant monitoring and validation to ensure they function correctly, securely, and efficiently. Unlike traditional services that might be checked periodically or reactively, AVS involves a proactive and ongoing process. This continuous validation helps detect and resolve issues before they can impact users or operations.
Key Features of AVS
1. Continuous monitoring: AVS involve real-time tracking of system operations. This continuous oversight helps in the early detection of anomalies and deviations from expected behavior.
2. Automated validation: Automated tools and scripts regularly test and verify various aspects of the system, ensuring compliance with predefined standards and requirements.
3. Proactive issue detection: By continuously validating the system, AVS can identify potential issues before they escalate, allowing for timely interventions.
4. Enhanced security: Regular security checks and validation help identify vulnerabilities, ensuring that security measures are up-to-date and reducing the risk of breaches.
5. Improved reliability and performance: Continuous validation ensures that the service remains reliable and performs optimally, meeting service level agreements (SLAs) and user expectations.
6. Compliance and auditing: AVS facilitate compliance with industry regulations and standards through ongoing validation and documentation of system operations.
7. User trust: Demonstrating a commitment to continuous improvement and reliability, AVS can enhance user trust and satisfaction.
Bitcoin is respecting the uptrend support line. Price is moving up slowly and we may see a test of the resistance area. Let's see how the price reacts there.
Читать полностью…