Balita sa Industriya ng Crypto at Market Trends

Heres how Ethereum traders can navigate short-term trends

Pinagmulan: ETH / USDT sa TradingView　　A range formation between $1843 and $1934 was highlighted in yellow. The brief breakout above this range in early July was quickly swatted down by the bears. Moreover, the OBV, which had been trending higher until then, declined.　　Over the past week, the OBV continued to drop as the price dropped to the range lows. A candlewick to the $1826 mark on 7 July saw a quick reversal, which suggested that the bulls were not ready to give up on the range formation yet.　　The RSI oscillated between bullish and bearish territory over the past few days to indicate the lack of a trend. However, on lower timeframes such as 1-hour, there was momentum for traders to profit from.　　But, given the decline in OBV, the consolidation phase could be followed by a downtrend for Ethereum. Until the range lows are ceded to the bears, buyers can look to bid in the $1840-$1860 targeting the high at $1935.　　The spot CVD remained flat despite Ethereums bounce from the range lows　　Pinagmulan: Coinalyze　　Magkano ang halaga ng 1,10,100 ETH ngayon？　　On 7 July, after the dip below $1830, Ethereum prices recovered. At the time of writing, ETH was trading at $1885 after rejection

2023-07-12Ethereum

Ethereum Price On The Verge Of Rectangle Pattern Breakout: Is $2000 Within Reach?

Ethereum depicted a downtick in demand on the one-day chart | Source: ETHUSDT on TradingView　　The inability to break through the $1,900 level had a detrimental impact on investor confidence, resulting in ongoing challenges for Ethereum regarding demand on the daily chart. The Relative Strength Index (RSI) remained positive, although it suggested a relatively low level of demand.　　Furthermore, Ethereums current position below the 20-Simple Moving Average line indicated a decline in buying strength, indicating that buyers were gradually losing control of the price momentum.　　Ethereum depicted an increase in capital outflows on the one-day chart | Source: ETHUSDT on TradingView　　In addition to the low buying strength, ETH also experienced a decline on capital inflows. This indicated a decline in investor interest, as evidenced by the Chaikin Money Flow indicator.　　Conversely, the Moving Average Convergence Divergence (MACD) formed declining red histograms, suggesting a potential breakout in the upcoming trading sessions. The MACD is a useful tool for identifying price momentum and trend changes.　　The next trading sessions will be critical for ETH. It will determine whether the market will be driven by bears or bulls, ultimately influencing the price.

2023-07-12Ethereum

Ethereum Price Lacks Momentum But ETH Holders Are Safe: Heres Why

Pinagmulan: ETHUSD sa TradingView.com　　The trend line is close to the 61.8% Fib retracement level of the recent drop from the $1,905 swing high to the $1,862 low. The first major resistance is near the $1,900 zone. A close above the $1,900 resistance could start a decent increase toward $1,955. The next major resistance is near the $1,975 level. Any more gains could send Ether toward the $2,050 resistance.　　Isa pang Pagbawas sa ETH？　　Kung mabigo ang Ethereum na i-clear ang $1,900 resistance, maaari itong magsimula ng isa pang pagbaba. Ang paunang suporta sa downside ay malapit sa $1,870 na antas o ang 100-oras na Simple Moving Average.　　There is also a connecting bullish trend line at $1,870. The first major support is near the $1,845 level, below which the price might revisit the key support at $1,825. The next major support is near the $1,770 level. Any more losses could send Ether toward the $1,720 support level in the near term.　　Teknikal na tagapagpahiwatig　　Oras ng MACD - Ang MACD para sa ETH / USD ay nawawala ang momentum sa bullish zone.　　Oras ng RSI - Ang RSI para sa ETH / USD ay nasa itaas na ngayon ng 50 antas.

2023-07-12Ethereum

Bitcoin and Ethereum Shows Signs of Bullish Divergence for Rally

Kagandahang-loob: Trading View　　On-chain data further support that the breakout could be in the upward direction going ahead. Crypto analytics firm Santiment points out the net realized profit loss vs price for BTC and ETH.　　It notes that after three weeks of prices fluctuating, both Bitcoin and Ethereum are experiencing slight losses compared to their previous values. Average traders are moving their assets at small losses. When the Net Realized Profit/Loss (NRPL) indicator is negative in relation to the price, there is a greater chance of positive price movement in the future.　　Kagandahang-loob: Santiment　　Other good signs for Bitcoin have been the growing whale accumulation over the last three weeks as BTC enters price consolidation. On the other hand, the exchange reserves have also been falling.　　Just Like Bitcoin, Ethereum Shows Strength　　Currently, theres a tight battle between the ETH bulls and bears, but technical indicators show a possibility of a breakout to $2,050. Any further movements in the BTC and ETH prices could provide a major push to the broader crypto market.　　Ang Bhushan ay isang mahilig sa FinTech at may hawak na mahusay na pag-unawa sa mga pamilihan sa pananalapi. Ang kanyang interes sa ekonomiya at pananalapi ay iginuhit ang kanyang pansin patungo sa bagong

2023-07-12Ethereum

ETH investors vs whales: Who will sweep this powerplay?

Whale games are holding back ETHs potential upside　　The above data means that retail buyers are contributing liquidity for whales. As such, this has limited ETHs potential rally. We did see a surge in demand in the last 24 hours, but this is likely because the price hovered at a noteworthy price level.　　ETH recently retested a key Fibonacci support at the 0.786 level as shown below. It has been hovering above this level for some time, which may have been due to heavy accumulation within this zone. However, the continued sell pressure from whales could limit the impact of the surging demand.　　A closer look at ETHs price chart revealed that the cryptocurrency has also been attempting to bounce off the 50% Relative Strength Index (RSI) level. The Money Flow Index (MFI) also confirmed that there was some accumulation. In short, the retail demand, at press time, was in a tug of war with the whales. But which group will win？　　Glassnode data on ETH flows reveals that the number of receiving addresses recently dropped to a 5-month low.

2023-07-12Ethereum

Layer 2 Mantle Plans To Invest 200,000 ETH In LPs To Grow Profit Realized

In an effort to streamline decision-making processes and address time-sensitive matters, a proposal has been put forth to establish a specialized sub-governance body known as the Mantle Economics Committee (MEC). This committee would operate under the guidance of the governance, focusing on minor details and making conservative allocation decisions for Mantle Treasury assets.　　The primary objective of the proposed MEC would be to assess and determine the allocation of treasury assets in a risk-averse manner. This committee would serve as a dedicated decision-making body, separate from asset custody responsibilities. By creating this specialized committee, proponents aim to enhance the efficiency and effectiveness of decision-making processes, facilitate commercial negotiations, and uphold checks and balances among existing entities.　　The MEC would hold several responsibilities, including periodic review of strategies, making recommendations for modifications to approved strategies and allowances, and making decisions on strategy entries and exits within the approved limits. The committee will evaluate strategies based on factors such as Mantle product synergy, technical risks, commercial risks, and economic risks, with a preference for battle-tested on-chain applications.　　Additionally, the committee would negotiate commercial terms for strategies, emphasizing principal protection mechanisms, lower fees, and flexible commitment durations. Risk management and the protection of the treasury assets

2023-07-12Ethereum

Bitcoin (BTC) Set For $35000, Ethereum (ETH) Above $2000 As US CPI Inflation Falls

Bitcoin Ethereum　　Bitcoin (BTC) Itakda Para sa $35000, Ethereum (ETH) Higit sa $2000 Habang Bumaba ang US CPI Inflation　　36 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The US inflation and jobs data majority impact the crypto market, especially Bitcoin price. The US Federal Reserve looks to raise interest rates in July after it held interest rates unchanged last month as the US labor market remains tight. However, the CPI and the Core PCE inflation, the US Feds preferred gauge to measure inflation continue to fall.　　The market forecast reveals annual CPI inflation for June fell to 3.1%, marking the 12th consecutive month of falls. It is the lowest since March 2021. Also, core CPI inflation decreased to 5% from 5.3% in May. However, the monthly CPI for June rises 0.3% against 0.1% last month.　　Wall Street analysts also estimated a massive fall in CPI inflation. Bloomberg, Citi, HSBC, UBS, and Nomura expect CPI at 3%, while Goldman Sachs, BMO, Barclays, Morgan Stanley, TD Securities, and CIBC estimated inflation to fall to 3.1%. Meanwhile, JPMorgan, RBC, and Visa forecasted annual CPI at 3.2%.　　The headline inflation falling to 3-3.2% will bring further upside move in the stocks and crypto markets. JPMorgans analysts sinabi inflation is likely

2023-07-12Ethereum

Will Ripple (XRP) Outperform Ethereum (ETH) in the Next 5 Years? Heres What ChatGPT Says

Ethereum　　Will Ripple (XRP) Outperform Ethereum (ETH) in the Next 5 Years？ Heres What ChatGPT Says　　29 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Ripples XRP has been a topic of massive discussion throughout the past couple of years. It boasts one of the strongest communities, known for its passion for the company, its native cryptocurrency, and the ecosystem.　　Ethereum, on the other hand, also has one of the largest groups of followers as it spreads across multiple purposes, use cases, and whatnot.　　We decided to pin both against each other in a question to none other than the worlds most popular AI-based chatbot – ChatGPT.　　We asked if Ripple‘s XRP will outperform Ethereum’s ETH in the next 5 years.　　Its Not That Simple　　First things first, ChatGPT told us that we shouldnt expect any predictions on his behalf:　　As an artificial intelligence model, I dont predict future events, including specific financial or investment outcomes. The performance of cryptocurrencies such as Ripple (XRP) and Ethereum (ETH) is influenced by a wide range of factors.　　This was somewhat expected. It‘s also worth noting that it seems that ChatGPT’s knowledge cutoff on this subject is in September 2021, which was quite some time ago.　　So what are the factors it had in mind？

2023-07-12Ethereum

‘Rich Dad’ R. Kiyosaki predicts Bitcoin to hit $120k next year as ‘USD will die’

Amid continuous warnings that the United States dollar will lose its position as the global reserve currency, Robert Kiyosaki, the author of the best-selling personal finance book has reiterated the advice to his followers to turn to assets like Bitcoin (BTC).　　Specifically, Kiyosaki said that the heads of state of the BRICS (Brazil, Russia, India, China, and South Africa) nations would “announce gold-backed crypto” at their next summit, which will begin on August 22, 2023, in Johannesburg, South Africa, as he explained in his tiririt sa Hulyo 11.　　Indeed, the Russian English news channel RT reported that the BRICS coalition would introduce a new trading currency backed by gold as “more and more countries are lining up to join the group,” as per the screenshots and quotes Nagbahagi by former journalist Willem Middelkoop on July 7.　　According to the financial educator, the result of this is that the US currency “will die” as “trillions of US $ rush home” and bring “inflation through the roof.” As a way to protect oneself from the fallout, he advises investing in gold, silver, and Bitcoin, which he believes will hit the price level of $120,000 next year.　　Agosto 22, 2023, sa Johannesburg, South Africa, inanunsyo ng mga

2023-07-11Bitcoin

Buterin Proposes Bitcoin Devs To Adopt Ethereums Approach

Bitcoin Ethereum　　Iminumungkahi ni Buterin ang Mga Bitcoin Devs Upang Pagtibayin ang Diskarte ng Ethereum　　17 oras ang nakalipas　　Balita ng Ethereum ng Bitcoin　　During the discussion, the co-founder shed light on how Ethereum has progressively integrated diverse scaling solutions over time to enhance its throughput, as scaling emerged as the central topic of the discussion.　　Layer-2 Scaling Approaches And Their Potential To Boost Bitcoin　　Buterin emphasized the relatively slow transaction throughput of Bitcoin and stressed the importance of implementing additional Layer-2 scaling approaches. These approaches would aim to enhance the speed at which individuals can send and receive digital assets, addressing the need for improved efficiency in the BTC network.　　Rollups are recognized as a Layer 2 solution that packages transaction data and moves it away from the main chain or Layer 1 blockchain.　　A ZK-rollup, for one, is an off-chain protocol that functions on the Ethereum blockchain, managed through on-chain Ethereum smart contracts. It provides a scalable and faster method for transaction verification while preserving user privacy by avoiding the sharing of sensitive information.　　Buterin specifically mentioned Optimism and Arbitrum as two notable examples of successful rollup implementations. He suggested that these projects could serve as valuable case studies for Bitcoin.　　Over the years, Ethereum has been actively

2023-07-11Ethereum

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