During the last 24 hours Ethereum is down nearly 10% due to heavy bearish pressure. Most of the crypto market is in bearish land slide so it’s normal for eth to also be down.
Ethereum resistance level is around $3000 to $3100 it has been tested but failed. Ethereum currently has support at $2900 to 2800 and likely this support will be tested.
On a positive note: Ethereum staking has reached all time high with over 33 million eth locked in staking. Ethereum will receive Fuska updates in December and this will improve network efficiency among many other factors.
In conclusion: Extreme fear in the market is still signaling a bearish moment. Long term remains very positive Due to strong staking and upcoming December updates.
The seemingly inconspicuous day after day Will eventually show you the meaning of perseverance on some future day When you are about to give up The difficulties are also about to give up Just hold on a little longer, and the light will come #BNB
The seemingly inconspicuous day after day Will eventually let you see the meaning of persistence on a certain day in the future When you are about to give up The difficulties are also about to give up Just hold on a little longer, and the light will come #BNB
🔥Interest rate cut dreams shattered? BTC struggles around 66,000! The three giants of the Federal Reserve join forces to shoot cold arrows: Middle East war becomes a black swan for inflation! $BTC
Family, the market in these two days has really left people dumbfounded! BTC last night briefly "spiked" to $66,140, and although it rebounded back to around 68,000, it feels like the bulls are struggling hard... 😵💫 Even the most stable gold has plummeted 6% due to the Iran war, and this wave of "hedging failure" alarm has really sounded! 🚨
Why can't the market move? Just look at these three points: 1️⃣ The dollar is getting stronger, oil prices are skyrocketing 🛢️ The Middle East conflict directly blocks the oil supply. Experts say that the surge in oil prices drives the dollar to strengthen, directly pushing back the upward momentum of the crypto market and gold. Now even emerging market currencies are falling, with funds running towards the dollar! 2️⃣ Federal Reserve officials collectively "change their tune" 🦅 Tonight, the three big shots are speaking out, and their tone is getting tougher! • Williams: The surge in oil prices will disrupt the inflation outlook and needs to be re-evaluated. • Schmid: Inflation is still far from the 2% target, don’t think too optimistically, there’s no reason to be optimistic! • Kashkari (the harshest): Originally expected to cut rates in 2026, now it has changed, "uncertain" whether there will be a cut! 3️⃣ The interest rate cut timetable is greatly delayed ⏳ Now with the triple blow of oil prices, war, and inflation, the market expects that interest rates will continue to "stay put" this month.
💡Summary: As long as the flames of war do not die down, inflation is hard to reduce, and interest rate cuts are likely far away. The current market is a sideways "grinding" situation, everyone should hold their positions steady and not be easily shaken out, but also don’t rush to go all in! #美国撤离中东公民 #伊朗证实哈梅内伊已死 #美以袭击伊朗 #BTC #降息预期
The seemingly unremarkable day after day will one day suddenly show you the meaning of perseverance when you are about to give up and the difficulties are also about to give up just hold on a little longer, and the light will come
The seemingly insignificant day after day Will eventually let you see the meaning of persistence on some future day When you are about to give up The difficulties are also about to give up Hold on a little longer, and the light will come #BNB
The total wealth of the world is growing at a rate of 6% per year. In 10 years, the total will be 1.8 times what it is now, and in 20 years, it will be 3.2 times what it is now. Therefore, assuming that the store of value function of Bitcoin is widely recognized in 20 years, its price should be 160 million RMB.