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https://coinmystique.com/eth-broke-essential-assist-this-is-the-subsequent-goal-ethereum-value-evaluation/?feed_id=9677&_unique_id=652a951d4ea66

Ethereum’s latest market efficiency has seen an sudden and sharp rejection from the $1.8K resistance degree, triggering a big downward development that broke down each the pivotal 100-day and 200-day shifting averages. This improvement is a transparent, bearish sign for Ethereum’s mid-term prospects.Technical EvaluationBy ShayanThe Each day ChartFollowing a notable drop from the important $1.8K resistance zone, Ethereum’s value dipped under the important 100-day and 200-day shifting averages, roughly across the $1.8K mark. But, the worth finally discovered help at a big degree of $1.6K, initiating a bounce.This help zone holds exact significance because it’s additionally the 61.6% Fibonacci retracement degree, equivalent to the latest impulsive upward transfer in direction of the $2.1K mark in early March.Nonetheless, this preliminary rebound was adopted by one other impulsive downward motion, once more touching the essential help zone at $1.6K. Whereas this value motion does point out a noticeable bearish sentiment available in the market, it’s important to acknowledge that the potential revival of help might set the stage for an additional potential bullish bounce.Such a rebound might doubtlessly shift the market right into a consolidation part. Contrarily, if the worth drops under the $1.6K mark, the opportunity of a bearish cascade turns into more and more seemingly.The 4-Hour ChartTrying on the 4-hour timeframe, it turns into evident that the downward trajectory was momentarily halted when Ethereum reached the substantial $1.6K help area. This indecision led to a quick consolidation part marked by low volatility. Nonetheless, the worth skilled a sudden surge (the Grayscale pump), marked by the emergence of a considerable inexperienced candle.Nonetheless, shopping for strain weakened as the worth ascended and approached the important 61.8% Fibonacci retracement degree, prompting a reversal. Consequently, the worth launched into one other impulsive retracement, driving it again in direction of the $1.6K vary. Moreover, Ethereum has shaped a bearish continuation flag sample, and it’s at present trying to breach the decrease boundary of this sample.As a result of the $1.6K threshold holds important psychological significance, if sellers efficiently push the worth under this important degree, the market might doubtlessly witness one other fast and steep plummet towards lower cost thresholds.On-chain EvaluationBy ShayanThe present Ethereum value motion showcases a strong downtrend, a notable exit from the weeks of consolidation inside a slender value vary. To achieve deeper insights into the market sentiment, analyzing futures market metrics is important.This explicit chart exhibits the 30-day shifting common of the taker buy-sell ratio metric, a key indicator revealing the relative aggressiveness of consumers versus sellers in executing their orders. When this metric information values above 1, it signifies a bullish sentiment, whereas values under 1 point out a bearish sentiment prevailing available in the market.The chart illustrates the downward trajectory of the taker buy-sell ratio over the previous few months. It persistently fluctuates under the pivotal one mark, reaching a yearly low. This conduct underscores the dominant bearish sentiment amongst futures merchants taking part in Ethereum’s market.So long as this prevailing development stays unaltered, the chance of witnessing additional bearish value actions stays excessive. For Ethereum’s value to provoke a brand new rally, it could necessitate a shift in conduct amongst futures merchants, particularly characterised by a extra aggressive shopping for stance. This shift can be noticeable when the metric rises above the important 1 threshold.SPECIAL OFFER (Sponsored) Binance Free $100 (Unique): Use this hyperlink to register and obtain $100 free and 10% off charges on Binance Futures first month (phrases).PrimeXBT Particular Provide: Use this hyperlink to register & enter CRYPTOPOTATO50 code to obtain as much as $7,000 in your deposits.Disclaimer: Info discovered on CryptoPotato is these of writers quoted. It doesn’t symbolize the opinions of CryptoPotato on whether or not to purchase, promote, or maintain any investments. You’re suggested to conduct your personal analysis earlier than making any funding selections. Use supplied info at your personal danger. See Disclaimer for extra info.Cryptocurrency charts by TradingView.Supply: https://cryptopotato.com/eth-broke-crucial-support-heres-the-next-target-ethereum-price-analysis/

Cryptocurrency Is a Giant Ponzi Scheme

Cryptocurrency is not merely a bad investment or speculative bubble. It’s worse than that: it’s a full-on fraud.

The 2008 financial crisis made clear why the financial sector must be brought under public control. Cryptocurrency and “decentralized finance” aren’t special — they’re just more of the same privatization and deregulation masquerading as high-tech “solutions” we’ve seen in other industries. Unregulated, privatized financial markets pose the same risks to the public whether or not they are “on the blockchain.”

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Decentralization Concerns and Market Dynamics: A Deep Dive into Ethereum's Ecosystem and Price Trends

Many individuals within the cryptocurrency community prefer liquid staking platforms like Lido over centralized ones. Lidos approach has been to involve a number of node operators to prevent any single group from having excessive control over staked ETH, which helps address concerns about centralization. However the risk of centralization still remains. If a dominant group of liquidity providers or node operators were to emerge it could create a vulnerability. Even establish a monopoly that goes against the broader interests of the Ethereum community. Following the Merge and Shanghai updates Ethereum, the worlds most prominent cryptocurrency has experienced an increase in centralization. JPMorgan has expressed concerns about declining staking returns. Another important aspect mentioned in their report is rehypothecation. This

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Twitter84

I usually make art many months ahead of time, this one I made late in 2022. This is why I avoid art that comments on recent events since it ages it too fast. I almost just didn't post this one at all but instead I'm posting it since it feels absurd how at this point I'd probably prefer Twitter84 to the real one.

Robert Kiyosaki Forecasts the Rise of Cryptocurrencies and Warns of Impending Economic Crisis

Robert Kiyosaki, best known for his book ‘Rich Dad Poor Dad,’ recently expressed optimism about the role of cryptocurrencies in the future of finance. The author anticipates that Bitcoin could surge to $120,000 in the coming year and cautions about an impending economic crisis, suggesting that digital currencies could serve as financial refuges. Kiyosaki took to social media platform X, formerly known as Twitter, ahead of the TOKEN2049 crypto conference scheduled for September 18-19, to share his bullish views on cryptocurrencies. He believes that traditional forms of money, particularly the U.S. dollar, are nearing obsolescence. He’s also confident in Bitcoin’s ability to recover from market slumps, attributing potential price increases to the upcoming halving event. Despite his claim that green energy initiatives negatively

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ProShares Announces New Short Ethereum Futures ETF

James Seyffart, an ETF Research Analyst at Bloomberg Intelligence, revealed that ProShares is launching a new short Ethereum Futures ETF. Set to begin trading on Oct. 16th with the ticker $SETH, this announcement was made on Oct. 13. This specific ETF’s approval hasn’t been hastened by the SEC unlike other long and traditional Ethereum futures ETFs. It’s worth mentioning that this isn’t an unexpected move, as the ETF was among those submitted in August. When a community member inquired about the likelihood of an Ethereum ETF’s approval by the first quarter of 2024, Seyffart estimated the second quarter of 2024 instead. Furthermore, on Aug. 4, ProShares joined a wave of Ethereum ETF applications, becoming the 11th firm to do so in that week. This wave began after Volatility Shares filed for its Volatility Shares Ether Strategy

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Fintech valuations are tanking

Asset manager Schroders has cut the value of its stake in financial "superapp" Revolut by 46%. What are the implications?

Some of Europe’s top fintech firms are starting to crumble as investors question their true valuation. Asset manager Schroders has cut the value of its stake in financial “superapp” Revolut by 46%, according to a filing on April 17 that threatens Revolut’s title as the UK’s most valuable fintech. The writedown suggests the London-headquartered firm is now valued at about $17.7bn (£14.2bn), which is substantially less than the $33bn it was valued at in a funding round last July. Revolut has been criticised for the late filing of accounts, EU regulatory breaches and corporate culture. It has also been waiting two years for regulators to approve its UK banking license. Schroders has also marked down its stake in Atom Bank by 31%. Meanwhile, Allianz is selling its stake in struggling fintech N26 at a heavily-reduced price, according to the Financial Times, while buy-now-pay-later firm Klarna has seen its valuation tumble from $45.6bn to $6.7bn.