Daily news summary integration, holding requires more understanding to make a comprehensive judgment:
1. Supply and trend of ETH
According to Odaily Planet Daily, ETH faces a supply barrier of 1.88 million coins at the $97,000 price level, with only 695,000 coins at the support level of $94,500. This imbalance may affect future trends.
2. Google collaborates with ETH
According to Deep Tide TechFlow, Google Web3 expert Kyle Song stated that Google is working with the ETH ecosystem to enhance the ETH wallet experience and support Google account login. Google is also researching zero-knowledge proof technology to improve the credibility of on-chain and off-chain systems. Additionally, the ETH ETF has become collateral for financial institutions, helping cryptocurrencies integrate into the traditional financial system.
3. Market volatility of ETH
According to Deep Tide TechFlow, Glassnode co-founder Negentropic stated that the U.S. President's Day holiday caused the market to close, leading to low volatility for ETH and stable prices. He reminded investors to pay attention to the risk index, which indicates that the risk of price correction is rising, with key price levels to watch at $92,000 and $94,000.
4. ETH trend prediction
According to ChainCatcher, on-chain analyst Ali stated that if ETH falls below $2,600, there will not be a season for altcoins.
5. Operations of ETH whales
According to Odaily Planet Daily, in the past 4 hours, two major whales have deposited a total of 5,800 ETH (worth $15.73 million) into exchanges. Among them, address 0xc8D...Be2CD sold 3,100 ETH (with an average purchase price of $1,890, realizing a profit of $2.546 million); address 0x41A...F7277 sold 2,700 ETH (with a purchase price of $3,499, incurring a loss of $1.655 million).
6. Argentine President talks about cryptocurrencies
Argentine President Milei stated on a television program that he shared information about cryptocurrencies but did not promote them. He believes that at most 5,000 people are affected, and most participants are professional volatility traders who are aware of the risks. He realizes that as president, he needs to raise the standards for information screening to avoid similar incidents.
