The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Crypto Industry News:
Vitalik Buterin revealed some interesting details about possible changes in the Ethereum network. During his visit to Turkey, Buterin gave an interesting interview for the NFT platform Defiant. Buterin raised, among other things, the issue of centralizing staking in the ETH network. Buterin also spoke enthusiastically about the UTXO payment model. What significance might the described changes have for the ETH network?
Buterin, during the aforementioned interview, emphasized the need to modernize the ETH staking mechanism to support healthier mining and staking pools. The main goal behind this idea is to increase the overall decentralization of the platform. The proposed initiative is a response to the challenges posed by the slow change in data availability in off-chain systems.
In connection with the upcoming update to the Ethereum ecosystem, Buterin revealed a little more information about the EIP 4844 update, commonly known as Danksharding. This update aims to increase the data map space, increasing it to 16 megabytes per slot. The post-upgrade phase will involve configuring parameters and attributes to improve Ethereum's scalability and performance.
Technical Market Outlook:
The ETH/USD pair has been rejected from the level of $2,132 again which makes this level a possible Double Top on the H4 time frame chart. The market moved lower towards the technical support seen at the level of $2,040, but the crucial short-term technical support for ETH is situated at $1,911, and only a clear and sustained breakout below this level would prompt a shift in the short-term outlook to bearish. The next target for bulls is the swing high located at the level of $2,135.
Weekly Pivot Points:
WR3 - $2,700
WR2 - $2,322
WR1 - $2,191
Weekly Pivot - $1,983
WS1 - $1,832
WS2 - $1,624
WS3 - $1,265
Trading Outlook:
The Ethereum market has consistently formed lower highs and lower lows since reaching the swing high in mid-August 2022 at $2,029. For the bulls to sustain the upward trend, breaking through this pivotal level is imperative. The crucial technical support at $1,368 holds significance, and as long as the market maintains trades above this level, the overall outlook remains bullish.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
