Ethereum price is consolidating above the $2,700 resistance level. ETH can gain bullish momentum if it breaks the $2,785 resistance level. Ethereum is struggling to gain speed to move above the $2,800 level. The price is trading above $2,700 and the 100 hourly simple moving average. On the ETH/USD hourly chart based on data provided by Kraken, there is a support line forming at $2,720, with a major bullish trend line forming. If the price closes above $2,780, the pair could gain bullish momentum. Ethereum price consolidation begins The Ethereum price has been stable above the $2,650 level. ETH has…
Author: Crypto Flexs
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Ether (ETH), the native token of the Ethereum network, has fallen by about 25% against Bitcoin (BTC) since early 2024, hitting its lowest level in 40 months. The outlook for Ether is expected to be bearish in the coming weeks, especially as the Federal Reserve (Fed) is expected to cut interest rates in September.ETH/BTC and USD correlation increases.A key factor in the bearish outlook for Ethereum is the growing positive correlation between ETH/BTC and the US Dollar Index (DXY), which has fallen 5.35% from its 2024 high.As of August 26, the 30-day average correlation between ETH/BTC and DXY was 0.78,…
While optimism about bitcoin has grown since Federal Reserve Chairman Jerome Powell’s Jackson Hole speech last Friday, analysts say derivatives data shows the market is still hesitant.“While the Bitcoin price rally following Fed Chair Jerome Powell’s speech was decisive, (implied volatility) is indicating hesitation in the market as front-end volatility is lower,” the QCP Capital analysts added, adding that Bitcoin is likely to continue trading within a narrow range of $62,000 to $67,000 in the short term.Federal Reserve’s Dovish Attitude at Jackson Hole SymposiumSince Federal Reserve Chairman Jerome Powell’s dovish stance at the Jackson Hole Symposium last Friday, QCP Capital…
We are excited to announce that Kraken now supports new margin pairs for Pepe (PEPE), Near Protocol (NEAR), Sei (SEI), and Shiba Inu (SHIB)! Margin trading is now available for the following pairs: PEPE, NEAR, SEI, SHIB. FairbasePair nameLeverage AvailableLong position limitShort position limitPepePepper33,500,000,0003,500,000,000nearNear37,0007,000BESeyor3100,000100,000SHIBShiver32,000,000,0002,000,000,000 Here are more details about these tokens: Pepe – Pepe is a Mimecoin built on the Ethereum blockchain. Inspired by the well-known Pepe the Frog character, the token quickly gained popularity after its launch in April 2023. Pepe is positioned as a human-centric digital asset that aims to challenge the dominance of the Inu-themed Mimecoin. near…
A trader who accurately predicted a crypto crash in late 2022 says the next uptrend in digital assets will be a “real” breakout that will send markets to new highs. A trader with the pseudonym Capo told his 101,000 Telegram subscribers that the recent Bitcoin (BTC) rally was a “test pump” and that a real rally is coming. “That was a pump to clear the liquid from above. The next pump will be the real breakthrough.” Source: Capo/Telegram Capo said that if there is a clear break of the $62,000 level, with BTC currently trading at $64,201, there is a…
Timothy Morano 26 Aug 2024 15:17 Ensuro, powered by USDC, is revolutionizing insurance by increasing inclusivity and capital efficiency, especially for underserved populations. The mainstream adoption of blockchain technology continues to grow globally. From global enterprises to individual developers, more and more people are building new applications that can transform how value is moved, stored, and exchanged. Marco Mirabella and Guillermo Narvaja are at the forefront of this evolution, particularly in the insurance sector. They are the co-founders of Ensuro, an innovative insurance provider that uses smart contracts to make insurance both capital efficient…
Crypto Scams, Hacks and Exploits and How to Avoid Them: Crypto-Sec Weekly Phish: DeFi Saver Users Lose $55 Million in DAI A user of the decentralized finance protocol DeFi Saver was hit with an unusual style of phishing attack on August 21. According to a post from blockchain security firm Global Ledger X, the attacker tricked the user into reassigning ownership of the DeFi Saver Proxy contract. The victim reportedly attempted to trade again but failed. The attacker then changed ownership again and emptied all Dai (DAI) stablecoins from the smart contract wallet, removing a total of $55 million. (Global…
TON liquidation reaches $7.2 million after Telegram founder’s arrest Investor fear, uncertainty and lack of confidence have led to increased selling pressure. The Toncoin (TON) community has been under intense pressure due to the arrest of Telegram founder Pavel Durov. According to reports, Durov was arrested in France and is likely to face a 20-year prison sentence. This news has had a huge impact on Telegram-based altcoins. Tone liquidation surge According to Coinglass data, Toncoin liquidations hit a historic high in liquidations. Ton reported $7.21 million in liquidated positions, surpassing the liquidations reported during the market crash earlier this month.…
The total daily transaction fees are as follows: Solana brush +0.82% The value of blockchains measured in US dollars has fallen to levels not seen since early May 2024.According to The Block’s data dashboard, Solana’s daily transaction fees fell to $639,000 on Monday. That’s down 65% from the current month high of $1.83 million on Aug. 8 and down 87% from the all-time high of $5.08 million on March 18. According to Ruslan Lienkha, YouHodler’s head of markets, the decline in daily transaction fees suggests a decrease in activity on the Solana network, with memecoin trading being the most affected.…
Peter Zhang 26 Aug 2024 12:33 Bitcoin (BTC) price surged to $65,000 as risk appetite returned after Federal Reserve Chairman Jerome Powell hinted at a possible rate cut. Bitcoin (BTC) surged to $65,000 on August 23, reflecting a broader rally in risk assets following significant comments from Federal Reserve Chairman Jerome Powell at the Jackson Hole Symposium. Powell’s hints at a potential rate cut sent the U.S. dollar lower, boosting stocks and sending the S&P 500 close to its all-time high, according to Bitfinex Alpha. Bitcoin price surge Bitcoin, which has been underperforming stocks,…