Ethereum Price Has Approached $3000 Mark; Will It Sustain or Not?

Ethereum crypto price has been in a strong bullish trend since November with a rise of 65% till now. It has displayed a directional move and has risen by forming higher highs and higher lows.  For the past two months, the buyers have won the battle to defend the $2200 hurdle. Since the first week of this month, ETH price has witnessed a one-directional move and has jumped by 31.52% in the last three weeks.  RSI is at 74 which showcases the bullish momentum and is heading toward the overbought zone. Ethereum crypto price is trading far over the significant moving average indicating bullish dominance.  Ethereum price is trading at $2920.02 with an intraday loss of 0.82%. The market capitalization of Ethereum is $351.24 Billion. It ranks 2nd in the cryptocurrency market in terms of market cap. The trading volume is $19.71 Billion which is down 50% in the last 24 hours.  Ethereum Price Prediction; Technical Analysis of ETH Over Daily Timeframe  : ETH/USD 1-Day Chart By TradingView  As per the technical chart, the Ethereum crypto price has been in a bullish trend. It registered a 52-week high of $3003.00 on February 20, 2024. ETH price has been on a one-directional track for a long time

2024-02-21Ethereum

Ang Bitcoin o Gold ba ang Pinakamalaki na Makikinabang sa 2024? Kapansin-pansin na Komento ng BTC-Gold mula sa Analyst!

Spot Bitcoin ETFs, which received approval from the SEC in January, continue to experience steady inflows, supporting the rally in BTC price.  There are outflows from gold ETFs versus inflows from BTC ETFs.  At this point, it is considered that increasing inflows into Bitcoin ETFs may pose a threat to golds position as the primary store of value in the long term.  Speaking to The Block, ETC Group Head of Research André Dragosch said that continued inflows into Bitcoin ETFs pose a threat risk to gold.  There is a growing divergence between global fund flows into Bitcoin and flows into gold.  While inflows to Bitcoin products are increasing, there are outflows from gold products.  This could be an early sign of Bitcoin stealing gold‘s crown as the primary store of value. “This could threaten gold’s position as the worlds primary store of value in the long term.”  Stating that, according to ETC Group data, net inflows into global Bitcoin ETFs and products have increased significantly since the beginning of February, the analyst said that gold ETFs have experienced an increase in net outflows since the beginning of the year.  “Bitcoin Will Continue to Perform Well!”  Apart from André Dragosch, Ryze Labs analysts also have similar views on Bitcoin and

2024-02-21Bitcoin

Nagra-rally ang ginto habang bumababa ang US Dollar bago ang Fed minutes

Nagra-rally ang ginto habang bumababa ang US Dollar bago ang Fed minutes  Ang presyo ng ginto ay bumubuo ng higit pang mga pakinabang dahil ang mga policymakers ng Fed ay kumpiyansa na ang inflation ay malawak na bumababa.  Ang mga minuto ng FOMC para sa patakaran ng Enero ay malalim na magpapaliwanag sa matatag na desisyon ng rate ng interes ng Fed.  Nakikita ng mga mamumuhunan ang paunang SP Global Manufacturing PMI para sa Pebrero sa 50.5.   Pinapalawig ng presyo ng ginto (XAU/USD) ang bullish streak nito para sa ikaapat na sunod na sesyon ng kalakalan sa Martes. Ang pananaw para sa mahalagang metal ay lumakas bilang komentaryo mula sa Federal Reserve (Fed) policymakers na ang inflation ay malawak na gumagalaw sa tamang direksyon ay nagpapahina sa epekto ng matigas na data ng Consumer Price Index (CPI) at Producer Price Index (PPI) para sa Enero.  Ang kumpiyansa ng mga gumagawa ng patakaran ng Fed na ang inflation ay bumababa sa mahabang panahon ay nagbawas sa gastos ng pagkakataon sa paghawak ng mga di-nagbibigay na asset tulad ng Gold. Samantala, hinihintay ng mga mamumuhunan ang mga minuto ng Federal Reserve Open Market Committee (FOMC) para sa unang pulong ng patakaran sa pananalapi ng 2024. Ang

2024-02-21Industriya

Ang nakakagulat na pag-akyat ng crypto sa Russia – Ano ang nagtutulak nito?

Ang nakakagulat na pag-akyat ng crypto sa Russia – Ano ang nagtutulak nito?  Ang paggamit ng Cryptocurrency ay iniulat na tumaas sa Russia, na may malaking pagtaas sa bilang ng mga mamamayan na nakikibahagi sa Bitcoin at iba pang mga digital na token na transaksyon. Ayon sa lokal na media outlet na Coinspot, si Evgeny Kogan, Propesor ng Economic Sciences sa National Research University Higher School of Economics (HSE), ay nagsiwalat na ang interes sa mga cryptocurrencies ay tumaas nang malaki sa mga nakaraang taon sa Russia. Sa kabila ng lumalaking interes na ito, nananatili ang malawak na kawalan ng tiwala sa mga mamamayang Ruso, na tinitingnan ng marami ang mga cryptocurrencies bilang mga mekanismo para sa pandaraya sa pananalapi.  Itinatampok ng mga insight mula kay Propesor Kogan ang isang kabalintunaan na senaryo kung saan, sa kabila ng pagtaas ng pag-aampon, ang mga cryptocurrencies ay itinuturing pa rin na may pag-aalinlangan. Ang mga kamakailang pahayag ng Russian Central Bank ay nagpapatibay sa damdaming ito, na binabanggit na ang karamihan sa mga financial pyramid scheme na nakita noong nakaraang taon ay nakatali sa mga tema ng crypto. Iminumungkahi ng pagsusuri ni Kogan na ang pakikipag-ugnayan ng cryptocurrency ay nananatiling medyo mababa, na may

2024-02-21Industriya

Ethenas USDe stablecoin hits public mainnet, backed by ETH hedges for liquidity

Ethena was recently trending on social media platforms after announcing the USDe stablecoin on the public mainnet, alongside an innovative Shard Campaign designed to boost user engagement within its ecosystem.  By rewarding contributions, the company seeks to cultivate a vibrant community, marking a shift away from conventional incentive models. The Shard Campaign, designed to foster long-term involvement, is organized into several short-duration seasons called “Epochs.”  Each Epoch encourages different activities around the USDe stablecoin and community integration, with the campaign set to conclude within three months or upon reaching a $1 billion USDe supply. The initiative rewards users for various contributions, such as liquidity provision in USDe Curve pools and minting with different stablecoins, aiming to improve liquidity and promote ecosystem growth.  A key feature of the Shard Campaign is its decay mechanism, which reduces the number of Shards awarded over time, incentivizing early participation for greater rewards. This approach is targeted at users dedicated to contributing to Ethenas long-term success, with certain jurisdictions, including the US, facing restrictions on participation.  Ethena has also emphasized compliance with regulations, ensuring that its synthetic dollar, USDe, and its staked version, sUSDe, operate within legal frameworks. The issuer previously revealed in an exclusive statement that USDe is

2024-02-21Ethereum

Galaxy Digital Snaps Up $76M in Ethereum Amidst Recent Price Surge

Balita ng Ethereum ng Bitcoin  Galaxy Digital bought a large amount of Ethereum from Coinbase Prime and Binance,.  It is worth about $76 million, showing its bullish outlook on crypto.  Galaxy Digital, an investment firm founded by Mike Novogratz, has purchased a huge quantity of Ethereum (ETH) from two major crypto exchanges, Coinbase Prime and Binance. The transaction, worth about $76 million, shows Galaxy Digitals bullish outlook on Ethereum and its future potential.  Galaxy Digital withdrew around 26,000 ETH from Coinbase Prime and Binance, which amounts to roughly $76.2 million at the current market price. This is a significant acquisition of Ethereum, which demonstrates Galaxy Digitals confidence in the crypto and its alignment with the wider market sentiment.  This transaction is a part of a wider pattern of major trends in the Ethereum market, not a single incident. Another example is the $14,000 ETH (almost $41 million) that was transferred from Coinbase Institutional to an anonymous wallet.  Whale Alert, a service that monitors significant cryptocurrency transactions, discovered this transaction. These changes suggest that institutional and large-scale investors are quite active and interested in Ethereum.  Pagganap ng Market ng Ethereum  The timing of Galaxy Digital‘s and other businesses’ investments coincides with Ethereums strong market performance. At the moment, the

2024-02-21Ethereum

Mga Tagumpay at Hamon; Inaasahan ng Monero at Dogecoin Contender ang Uptrend

Mga Tagumpay at Hamon; Inaasahan ng Monero at Dogecoin Contender ang Uptrend  Ang Mga Press Release ay naka-sponsor na nilalaman at hindi bahagi ng nilalamang pang-editoryal ng Finbold. Para sa isang buong disclaimer, mangyaring . Kung makatagpo ka ng anumang mga isyu, mangyaring iulat ang mga ito sa . Ang mga asset/produkto ng crypto ay maaaring maging lubhang mapanganib. Huwag kailanman mamuhunan maliban kung handa kang mawala ang lahat ng pera na iyong ipinuhunan.  Sa patuloy na nagbabagong tanawin ng mga pamumuhunan sa cryptocurrency, ang pagpapakilala ng Bitcoin exchange-traded funds (ETFs) ay minarkahan ng isang makabuluhang milestone, na nag-aalok sa mga tradisyunal na mamumuhunan ng isang regulated pathway sa mundo ng mga digital asset. Habang pinag-iisipan natin ang unang buwan mula nang magsimula ang mga ito, mahalagang suriin ang mga tagumpay at hamon na nararanasan ng mga makabagong instrumentong ito sa pananalapi. Sa gitna ng backdrop na ito, ang mga umuusbong na altcoin tulad ng Rebelde Satoshi Ang ($RBLZ) ay nakahanda para sa isang inaasahang uptrend, na nagpapakita sa mga mamumuhunan ng mga natatanging pagkakataon sa dynamic na merkado ng crypto.  Mga Tagumpay ng Bitcoin ETFs  Ang paglulunsad ng Bitcoin ETFs ay natugunan ng malaking tagumpay, na nagpapakita ng matatag na pangangailangan ng mamumuhunan

2024-02-21Industriya

Pansamantalang paghinto lang ba ang 5,000 para sa S&P 500?

On Friday, stock prices took a downward turn following the release of the Producer Price Index (PPI), which came out higher than expected at +0.3% month-over-month. The SP 500 index lost 0.48%, pulling back from its record high of 5,048.39 reached on February 12. Last week, the market was rebounding from Tuesday‘s local low of 4,920.31, and it was on its way to re-test the all-time high; however, Friday’s data halted that rally.  Recently, the stock market continued to rally, fueled by advances in a handful of tech sector stocks, but as I wrote on February 7, “We may have to deal with a correction or consolidation of several weeks of advances. With the season of quarterly earnings announcements coming to an end and a series of important economic data, profit taking may follow.”  This morning, futures contracts are indicating a 0.4% lower opening for the trading session, further extending Friday‘s downward correction of the SP 500 index. The market may see some more uncertainty and a consolidation along the 5,000 level. Investors are now eagerly awaiting tomorrow’s quarterly earnings release from NVDA, preceded by the FOMC Meeting Minutes announcement.  Last week, investor sentiment has worsened a bit; Wednesdays AAII Investor Sentiment Survey

2024-02-21Industriya

Binibigyang-diin ng Vitalik Buterin ang Potensyal na Kaso ng Paggamit ng AI Sa Ethereum ⋆ ZyCrypto

Ethereum co-founder Vitalik Buterin has expressed his excitement about the potential of AI-assisted formal verification of code and bug finding.  In a Monday Tweet, Buterin noted that Ethereums most significant technical risk stems from bugs in code, and anything that could significantly change the game on that front would be groundbreaking.  nagsulat siya.  Notably, one of the major challenges confronting Ethereum protocols is the exploitation of bugs, resulting in millions of dollars in losses for investors due to hacking incidents. According to a report by Chainalysis, crypto funds stolen in 2023 reached an astounding $1.7 billion, with approximately two-thirds of the total stolen funds being traced back to hacks that targeted DeFi protocols. And although the overall thefts have decreased compared to previous years, the threat of DeFi hacking remains a significant concern.  Meanwhile, although Buterin expresses optimism about AIs potential, he has also noted caution. In a blog dated January 30, the Ethereum co-founder advised prudence when it comes to integrating AI with blockchain technology, underscoring the critical need for a careful and measured approach, especially in deploying AI in contexts that carry significant value and risk.  Notably, last year, smart contract development firm OpenZeppelin‘s experiment using OpenAI’s GPT-4 to detect security issues in

2024-02-21Ethereum

Tinangka ng Ethereum na basagin ang $3,000 na pader: pagtatasa ng presyo

In this article we take a look at the general outlook of Ethereum, conducting a detailed analysis of the price and observing some on-chain indicators.  Yesterday, ETH tried in vain to break through the $3,000 wall, which is currently acting as the main resistance, being rejected back to the current price of $2,908.  However, Ethereum remains the most fit in the crypto market, outperforming even Bitcoin.  On the on-chain front, data shows a long-standing and strong network, supported by an increase in the number of validators and coins locked in staking, as well as a high average trading volume.  Lahat ng detalye sa ibaba.  Ethereum leads FOMO in the crypto markets: ETH price analysis shows the assets willingness to break the $3,000 resistance  In this beginning of the week, decidedly quiet, due to yesterdays closure of the US markets for Presidents day holiday, crypto markets are led by Ethereum and its recent attempt to surpass the key price of 3,000 USD.  While Bitcoin registered its local maximum on Thursday, February 15th, at a level of 52,816 USD, Ethereum showed more determination by reaching a new annual high of 2,984 USD yesterday, without however succeeding in closing at a round figure.  The price analysis shows a relative strength for

2024-02-21Ethereum
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