ETH Price Bulls Ready To Defend $1,600 Support

| Tradingview  Traders must, however, realize that the 200-weekly EMA is not enough to launch Ethereum price into the anticipated rally. Therefore, it must be a collective effort among the bulls to defend the support at $1,600 and push for the repossession of the 21-weekly EMA (red) and the 100-weekly EMA (blue).  With all three moving averages serving as support, bulls will have a chance to push for a larger breakout above a forming ascending triangle pattern.  A breakout from this pattern would occur after ETH price pushes above resistance at $2,100. It would be accompanied by a spike in volume, calling for buy orders placed above the resistance.  The breakout target, 58% to $3,325 is the distance equivalent to the height of the triangle extrapolated above the breakout point.  Some traders may want to confirm the rally with a buy signal from the Moving Average Convergence Divergence (MACD) indicator. Such a call manifests with the blue MACD line crossing above the red signal line and the momentum indicator generally slopes upward.  Large Holders Send ETH To Exchanges  On-chain transaction trackers have revealed a trend where whales aka large holders are sending large amounts of ETH to exchanges. Ethereum worth roughly $60 million has made it from

2023-09-20Ethereum

Grayscale Resubmits Ethereum ETF While ETH Remains Unaffected

EthereumGrayscale Resubmits Ethereum ETF While ETH Remains Unaffected5 minuto ang nakalipasBalita ng Ethereum ng Bitcoin  Grayscale revamps the Ethereum ETF application for increased approval odds.  The Ethereum price holds steady around $1,620–$1,640 amid resistance at $1,660.  Multiple asset management firms are pursuing Ethereum futures Exchange-Traded Funds (ETFs) following the successful approval of Bitcoin futures ETFs by the U.S. Securities and Exchange Commission (SEC). This move reflects a rising tide of optimism surrounding cryptocurrency-based investment vehicles.  Grayscale Investments, a renowned investment firm specializing in cryptocurrencies, has resubmitted an application for an Ethereum futures ETF. However, this application differs from their earlier attempt as it was filed under the Investment Company Act of 1940, in contrast to their previous application filed under the Securities Act of 1933. While the precise motivation for this change remains unclear, experts speculate that Grayscale may be seeking to enhance its chances of securing approval, given the precedent set by the approval of Bitcoin futures ETFs under both acts.  Also, over the past few weeks, several prominent asset managers have submitted applications for Ethereum futures ETFs. Among the notable applicants are Volatility Shares, Bitwise, ProShares, VanEck, and Valkyrie Investments, with additional firms bringing the total number of applicants to at least 12.  Ethereum

2023-09-20Ethereum

Grayscale applies for new Ethereum futures ETF

Ethereum  Grayscale applies for new Ethereum futures ETF  Balita ng Ethereum ng Bitcoin  Grayscale has submitted a filing for a new Ethereum futures exchange-traded fund (ETF), the Wall Street Journal said on Sept. 19.  According to that report, Grayscale submitted its filing under the Securities Act of 1933. The filing is distinct from Grayscales previous attempts at an Ethereum futures ETF, which it submitted under the Investment Company Act of 1940.  The Wall Street Journal noted that the U.S. Securities and Exchange Commission (SEC) has approved a number of Bitcoin futures ETFs under both the 1933 and 1940 Acts. Spot Bitcoin ETFs, none of which have been approved, have been filed under the 1933 Act.  The fact that the SEC approved certain earlier Bitcoin futures ETFs starting around October 2021 — combined with more general optimism around cryptocurrency ETFs — could make Ethereum futures ETFs a viable pursuit for asset managers.  Indeed, multiple asset managers have already jumped on the trend. In recent weeks, Volatility Shares, Bitwise, ProShares, VanEck, Roundhill, and Valkyrie Investments have all applied for Ethereum futures ETFs. The Wall Street Journal identified Hashdex as another applicant; various other firms bring the number of applicants to at least 12.  Grayscale is also pursuing a Bitcoin spot

2023-09-20Ethereum

Ethereum Price Lacks Momentum Above $1,660, ETH Holders Are Safe: Heres Why

Ethereum  Ang Presyo ng Ethereum ay Kulang sa Momentum Higit sa $1,660, Ligtas ang Mga May hawak ng ETH: Narito Kung Bakit  Balita ng Ethereum ng Bitcoin  Nahirapan ang Ethereum na i-clear ang $1,660 resistance.  Ang presyo ay nakikipagkalakalan sa itaas ng $1,635 at ang 100-oras na Simple Moving Average.  Mayroong isang pangunahing pagkontrata ng tatsulok na bumubuo na may pagtutol malapit sa $ 1,650 sa oras-oras na tsart ng ETH / USD (data feed sa pamamagitan ng Kraken).  The pair must stay above the $1,620 support zone to start another increase in the short term.  Ethereum Price Faces Key Hurdle  Ethereums price remained well-supported above the $1,620 zone. ETH again climbed above the $1,650 resistance but struggled to clear $1,660, unlike Bitcoin.  The price made two attempts to gain strength above $1,660 but failed. A high was formed near $1,660 and the price started a downside correction. There was a move below the $1,650 level. The price declined below the 50% Fib retracement level of the recent increase from the $1,627 swing low to the $1,660 high.  Ether is now trading above $1,635 and the 100-hourly Simple Moving Average. It is also holding the 76.4% Fib retracement level of the recent increase from the $1,627 swing low to the

2023-09-20Ethereum

Inilipat ng Vitalik Buterin ang Half Million sa ETH sa Major Exchange, Habang Tumataas ang Presyo ng Ethereum

Ethereum  Inilipat ng Vitalik Buterin ang Half Million sa ETH sa Major Exchange, Habang Tumataas ang Presyo ng Ethereum  Balita ng Ethereum ng Bitcoin  Gamza Khanzadaev  Ethereums founder Vitalik Buterin unexpectedly moves 300 ETH, worth half million dollars, during market rally  In a significant move reported by PeckShieldAlert, Ethereum creator and blockchain entrepreneur Vitalik Buterin recently executed a substantial transfer of 300 ETH, valued at an impressive $490,000, to the major exchange Kraken. The transaction consisted of two tranches, with 100 ETH and 200 ETH transferred separately. Remarkably, even after this transfer, Buterins wallet “0x1Db” still holds 2,451 ETH, amounting to a staggering $4.04 million.  This transfer stands out as one of the largest direct transfers from this particular Buterin wallet to an exchange in recent years. Typically, such transfers to exchanges are perceived as potential sell-off events, especially when involving insiders, including Ethereums founder himself.  What is worth noting is the timing of this transfer, which coincides with Ethereum‘s price demonstrating positive momentum and trading in the green zone. This has led some to wonder if Buterin’s decision to move a substantial amount of ETH to an exchange may signal a local peak in Ethereum‘s price. Crypto enthusiasts have debated whether this move indicates Buterin’s intent

2023-09-20Ethereum

Nakikipagtulungan ang Horizen at Pyth Network upang palakasin ang mga desentralisadong serbisyo ng oracle para sa EON

Horizen Labs announced a partnership with Pyth Network, a specialized Oracle solution, on September 19 to deliver decentralized Oracle services for EON, Horizens EVM-compatible smart contracting platform.  The proposed partnership aims to provide precise and reliable market data on the blockchain for EON. This would enable developers to augment their smart contract functionalities and broaden the potential applications of decentralized finance (DeFi), gaming, and non-fungible token (NFT) platforms.  Horizens EON is a smart contracting platform that is compatible with the Ethereum Virtual Machine (EVM). It empowers developers to construct blockchains that are highly customizable, offering flexibility in several aspects such as consensus mechanisms, transaction processing speed, privacy features, and crypto-economies.  By incorporating Pyth Networks decentralized oracle services, EON will be able to get dependable market data, hence enabling a wide range of DeFi integrations and facilitating the growth of its ecosystem.  Rob Viglione, Co-Founder and CEO of Horizen Labs noted:  “Partnering with Pyth Network aligns with our mission to provide a secure and scalable ecosystem for decentralized applications.”  Siya idinagdag:  “By leveraging Pyth Network‘s specialized oracle solution, we can enhance EON’s capabilities and offer developers the trusted market data they need to build innovative solutions for DeFi protocols.”  Wormhole messaging protocol  The oracle system used by the Pyth Network

2023-09-20Industriya

Litecoin Price Gains Momentum, Chainlink Price Prediction, Tradecurve Markets’ Hybrid Exchange Gains Market Attention

This article explores Litecoin‘s (LTC) current upward surge, the hurdles it confronts, and its possibility for consolidation. Chainlink’s (LINK) performance and prospects in the face of market uncertainty. And wraps up with Tradecurve Markets (TCRV) ambitious endeavor to alter the crypto trading environment with unique features, as well as its potential impact on the DeFi industry.  buod:  The 50-day EMA supports a price rise in the coming days for Litecoin  The bearish trend surrounding Chainlink intensifies, with a possible 10% price drop  Tradecurve Markets has been gaining momentum over its all-inclusive trading platform  Magrehistro Para sa Presale ng Tradecurve Markets  Litecoin (LTC) Price Gathers Momentum  Since mid-August, the price of Litecoin (LTC) has been stuck between $60 and $70. Although the LTC coin has had multiple attempts to get beyond $70, bears have always won at this important resistance level.  Still stuck in this trading range, the Litecoin price has settled at the $62.99 level. However, LTC buyers have protected the $63 level from dropping in recent weeks but havent succeeded in pushing the price above $70. Now, there are bullish signals on the Litecoin network.  The 50-day Exponential Moving Average (EMA) and the H12 negative order book are shown by the technical indicators that present considerable obstacles for

2023-09-20Industriya

Hong Kong to tighten crypto regulation in wake of JPEX fraud case

Hong Kong regulators are looking to tighten the noose around the crypto market after the arrest of six individuals following allegations of fraud around an unlicensed crypto exchange called JPEX.  Hong Kong Chief Executive John Lee Ka-Chiu told reporters on Sept. 19 that the government would increase its efforts to inform investors and remind them only to utilize platforms granted Securities and Futures Commission licenses, reported the Associated Press.  The JPEX issue came to the fore on Sept. 13 when the SFC notified the public that it had received over 1,000 complaints about the unregistered crypto exchange platform, with claims of losses amounting to over 1 billion Hong Kong dollars ($128 million).  In its warning, the SFC noted that JPEX promoted the platforms services and products to the Hong Kong public through online celebrities and over-the-counter money changers.  As the problems with JPEX became public, many users of the platform found themselves unable to withdraw their funds, while others complained about reduced wallet balances. After the Hong Kong watchdog warned the exchange, the platform reportedly increased its withdrawal fee to $1,000 to discourage users from withdrawing their assets.  The crypto exchange later blamed third-party market makers for the ongoing liquidity crisis on the platform that

2023-09-20Industriya

Hinihimok ng Grayscale CEO ang US na yakapin ang umuusbong na sektor ng crypto

In recent remarks to Yahoo Finance, Michael Sonnenshein, the CEO of Grayscale, highlighted the still-emergent nature of the cryptocurrency market. Compared to traditional financial markets, he described the crypto sector as still “in its infancy.” Yet, its growing prominence is undeniable, given the attention it now commands from global entities like the G20 and the IMF.  grayscale 首席执行官 michael sonnenshein 最近在雅虎财经的讲话中强调了加密货币市场仍处于新兴阶段。与传统金融市场相比,他将加密货币行业描述为仍“处于起步阶段”。然而,鉴于它现在受到二十国集团和国际货币基金组织等全球实体的关注,其日益突出的地位是不可否认的。  Signifying a significant shift, such international platforms now discuss and deliberate over crypto regulations. Sonnenshein believes that this attention underscores the legitimacy of the technology.  这些国际平台现在正在讨论和审议加密货币法规,这标志着一个重大转变。 sonnenshein 认为,这种关注强调了该技术的合法性。  Transitioning to the role of US policymakers, he emphasized the importance of bipartisan discussions. According to Sonnenshein, Washington should actively engage with the crypto sector‘s brightest minds. The industry’s thought leaders can be invaluable assets, offering insights to lawmakers.  在转变为美国政策制定者的角色时,他强调了两党讨论的重要性。 sonnenshein 认为,华盛顿应该积极与加密货币行业最聪明的人接触。该行业的思想领袖可以成为无价的资产,为立法者提供见解。  US authorities, in Sonnenshein‘s perspective, have an opportunity at hand. By actively fostering and regulating the crypto market, they can cement the country’s position as a dominant player in this evolving sector. He also pushed for regulations, not as a restrictive measure, but as a tool to protect consumers and encourage the secure growth of the technology. Moreover, a well-regulated crypto industry has the potential to boost the nations economy significantly.  在 sonnenshein 看来,美国当局手头有一个机会。通过积极培育和监管加密货币市场,他们可以巩固该国在这个不断发展的行业中的主导地位。他还推动制定法规,不是将其作为限制性措施,而是将其作为保护消费者和鼓励技术安全发展的工具。此外,监管良好的加密货币行业有潜力显着促进国家经济发展。  Anatoly Yakovenko, co-founder

2023-09-20Industriya

Inilunsad ng Metis ang Ambisyosong $5 Million DeFi Incentive Plan, Nagtalaga ng 100,000 METIS Upang Aave

Metis has introduced a new DeFi incentive plan with a total value of $5 million, and they have first allotted 100,000 tokens to Aave.  The Ethereum Layer 2 network has made a resounding entry into the DeFi ecosystem with the announcement of its groundbreaking $5 million DeFi incentive program, known as the Metis Journey.  The Metis Journey initiative kicks off with a significant allocation of tokens to Aave V3, one of the leading DeFi platforms in the Ethereum ecosystem. The platform has committed to allocating a staggering 100,000 tokens as a powerful incentive to encourage Aave users to participate in liquidity pools on the platform network. These liquidity pools encompass a range of assets, including ETH, METIS, USDC, USDT, and DAI.  This move underscores the firms commitment to fostering an environment of collaboration and innovation within the DeFi space. By partnering with Aave, they aim to draw attention to the unique advantages and capabilities of the Layer 2 network, which include scalability, reduced gas fees, and enhanced transaction speed.  The allocation of METIS tokens to incentivize liquidity pool participation is expected to drive increased activity within the ecosystem. It presents an exciting opportunity for DeFi enthusiasts and liquidity providers to engage with the network

2023-09-20Industriya
1
...
290292
...
1000