#Ethereum has experienced a resurgence after hitting a recent low, with market participants eagerly anticipating the release of the latest consumer confidence report in the United States. The upcoming Conference Board figures are expected to show a slight decline to 105.9 for September, down from 106.1 the previous month.
On The Daily Chart:
Ethereum is poised for a recovery from $1,560 against the US Dollar, with the potential for steady gains above key levels like $1,600 and $1,620. ETH has maintained strong support above $1,560 and is gradually ascending, mirroring Bitcoin's movement. It has already reclaimed levels above $1,580 and $1,590, breaching the 23.6% Fibonacci retracement level. Notably, it broke through a significant bearish trend line with resistance around $1,590 on the ETH/USD hourly chart. #ETH currently trades above $1,590, accompanied by the 100-hourly Simple Moving Average.
On The 4-Hour Chart:
Ethereum's price is currently confined within a wide wedge pattern, and trading volumes are relatively low, which raises concerns about potential liquidation events. In the event of an upward move, there's a key resistance level to watch at $1,630. At this point, the price encounters a convergence of resistance from both the upper trendline of the wedge and the descending 200-day Simple Moving Average. If the bulls manage to maintain a position above this level, the short-term target becomes the range of $1,680 to $1,700.
On the flip side, if the price fails to hold above the lower trendline of the pattern, it could embolden bears to make another attempt at testing the longer-term support at $1,500.
According to Coingabbar Price Analysis, Ethereum's market capitalization is currently valued at $194,060,386,250. The projected 24-hour trading volume is estimated to be around $6,047,032,500.
KEY LEVELS :
RESISTANCE LEVEL : $1,630-$1,670
SUPPORT LEVEL : $1,580-$1,550
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
Join us:
https://www.coingabbar.com
https://twitter.com/coin_gabbar
https://www.youtube.com/channel/UCGUCmLe0CRxMj3KXvrXIydw
https://t.me/gabbarcommunity
#crypto2023 #dyor #BinanceTournament $ETH

Ethereum faces increased selling pressure with a 15,000 ETH transfer to OKEx by a large whale.Ethereum's revenue generation surpasses mega-cap stocks like Zoom and Microsoft, second only to Google.The number of traders in loss for ETH hits an all-time high, suggesting potential for a rebound soon.Ethereum boasts greater client diversity than Bitcoin, emphasizing its decentralized network.ETH maintains a stable position at $1,526, crucial to prevent a decline towards $1,200.

Another Whale Moves $23.8M ETH Into OKX
Reports indicate that an EVM address linked to Ethereum co-founder Vitalik Buterin sent 400 ETH to Coinbase.
In just ten days, Buterin has moved a substantial 2,421 ETH (worth $3.79 million) to various centralized exchanges, including Kraken, Bitstamp, and Paxos.
However, a recent Whale Alert tweet highlights another anonymous wallet transferring a whopping 15,000 ETH (approximately $23.8 million) to OKX.
Speculation abounds, with experts suggesting this wallet might belong to an ETH whale cashing out. If true, this could challenge ETH's stability and increase selling pressure.

Is Ethereum Better Than Most Mega-Cap Stocks?
Token Terminal reports that Ethereum has generated $10 billion in revenue over seven years, surpassing mega-cap stocks like Zoom and Microsoft.
The only stock outpacing Ethereum, according to Token Terminal, is Google. Ethereum achieved this feat in just 7 years, while Zoom took 11 years, Microsoft 19 years, and Adobe roughly 20 years.
The future holds intriguing possibilities for Ethereum as it continues to evolve.

Number of Addresses in Loss (7d MA) Just Reached ATH: Glassnode
Glassnode Alerts tweeted that the number of traders in loss has hit an all-time high, reaching $50 million.
This raises speculation: Could this signal that whales are accumulating enough liquidity to re-enter the market?
Glassnode also notes that Ethereum's Futures Contracts Open Interest recently reached a 1-month high of $1,544,779,871.96 on Binance, indicating growing interest.

Ethereum Beats Bitcoin in Client Diversity
Justin Bons, CIO and founder of Europe’s oldest crypto fund, Cyber Capital, suggests Ethereum is superior to Bitcoin due to its robustness and decentralized network.
Ethereum's distribution of complete nodes across various clients showcases unparalleled decentralization, setting a high bar in the crypto space.
This strengthens the case for "the flippening," where Ethereum's market cap could surpass Bitcoin's, crowning Ethereum as the "king of cryptocurrencies."

Ethereum (ETH) Price Analysis
ETH is currently trading at $1,526, holding above the $1,526 support level.
The daily RSI is near the neutral zone but leaning toward bearish territory. Ethereum appears stable for now, but if it dips below $1,526, it could trend toward $1,200. Stay vigilant!

#Ethereum #ETH #crypto2023 #cryptocurrency #crypto

Hey there, dear readers!
Today, let's dive into a quick review of a project that has captured the hearts of millions worldwide. It's Islamic Coin, adhering to ethical values and principles. This year, this project is making remarkable strides in the realm of cryptocurrencies, and here's why it caught my attention. #ETH
Islamic Coin isn't just about technology; it's deeply rooted in ethical values and transparency.

Mission of Islamic Coin: To provide the global Muslim community with a financial tool for the digital age. It's all about ensuring seamless transactions and interactions while upholding Islamic ethical values and principles. #cryptocurrency
What's impressive is that Islamic Coin built a strong community even before its official launch. With a seasoned team, they secured investments of $400 million, constructed technical infrastructure, and laid out a roadmap.
For those concerned about adhering to Islamic principles, the project strictly follows religious tenets. They regularly share fatwas (Islamic rulings) from religious scholars to demonstrate their project's compliance with Islamic financial principles. This ensures transparency on matters like interest and speculation.

Islamic Coin is built on the well-known Haqq blockchain (Haqq means "truth" in Arabic), designed for strict adherence to Islamic financial traditions. They signed a groundbreaking agreement with DDCAP, impacting over 300 Islamic banks worldwide. They also partner with Holiday Swap, the world's largest exchange platform, to bring the benefits of ethical digital finance to a broader audience. #Ethereum
Islamic Coin has already made a name for itself, earning awards like "Most Promising ESG Cryptocurrency" and "Middle East Blockchain Award," along with a "Gold Award for Outstanding Achievements."
We see Islamic Coin as a project that's not just innovative but deeply committed to its values. It sets an example by encompassing both technological advancements and ethical financial practices. #BTC
Their strategic partnerships, like the one with Sushi Swap, could expand their influence in the cryptocurrency world. Furthermore, their dedication to sustainability and ethics is likely to resonate with a global audience.
Overall, "Islamic Coin" is certainly a project worth keeping an eye on. Let's see where this journey takes them, but for now, it's truly impressive! #binance
Remember, always do your own research before engaging in any cryptocurrency project.
$PEPE $BTC $ETH

The meme token's value, measured in dollars, has increased by 0.5% in the past hour, to $0.060839, for a 24-hour increase of 0%.
Despite the rise, $DOGE is still down 2.5% in the past week, down the same amount in the past 30 days, and down 13.5% since the beginning of the year.
Due to a lack of positive news and developments, the famous meme token has underperformed other major tokens since January. This includes Bitcoin, #Ethereum , XRP, and Sol.

The #Dogecoin community, however, is still holding out hope for integration with X (formerly Twitter), so a new bull run might not be too far off.
For a long time now, Dogecoin has been oversold, and its indicators have been stuck in extremely weak positions.
Although these positions imply the coin is still being sold at a deep discount, a resurgence is long overdue.
To give just one example, the relative strength index (in purple) for DOGE hasn't moved from the 40 level since the middle of August.
DOGE's 30-day moving average (yellow) also indicates that the market has undervalued the meme token for several months, which is a long time for an asset to be oversold.
Concerningly, DOGE's medium-term support level (green) hasn't risen in recent weeks, suggesting more losses may lie ahead before the cryptocurrency can stage a sustainable recovery.
But the increase over the past hour suggests that things may be turning around, even if there is nothing inherently exciting about Dogecoin and its recent events to warrant a buying frenzy.
Indeed, there has been no noteworthy news pertaining to the coin over the past few weeks, with the exception of Elon Musk's response to a tweet from DogeDesigner, who urged X/Twitter to retire the birdhouse icon used to represent the social network's homepage.

Of course, this hardly qualifies as "significant" news, unless you interpret Elon Musk's willingness to communicate with Dogecoin community members as evidence that he continues to support DOGE and hopes to integrate it with X.
Although X has received money transmitter licences in recent weeks and months, interpreting this as an imminent introduction of payment methods would be premature.

There is little doubt that the token's value would skyrocket if X implemented DOGE payments.
Still, X has shown no real signs of implementing cryptocurrency (rather than fiat currency) payments, nor has it shown any signs of favouring DOGE over other cryptocurrencies.

Ethereum Classic (ETC) is a decentralized, open-source blockchain platform and cryptocurrency that emerged as a result of a contentious hard fork of the original #Ethereum network in 2016. To understand Ethereum Classic, it’s essential to know the history and context:
Ethereum’s Origins: Ethereum was initially proposed by Vitalik Buterin in late 2013, and it went live in 2015. Ethereum aimed to be a decentralized platform for building smart contracts and decentralized applications (DApps).The DAO Incident: In 2016, a Decentralized Autonomous Organization (DAO) was created on the Ethereum network. The DAO was a smart contract that raised a significant amount of funds through an Initial Coin Offering (ICO). However, a vulnerability in the DAO’s code was exploited, leading to a massive theft of Ether (ETH), Ethereum’s native cryptocurrency.The Fork: To address this security breach and return the stolen funds to investors, the Ethereum community decided to conduct a hard fork of the Ethereum blockchain. This fork led to the creation of two separate chains: Ethereum (ETH) and Ethereum Classic (ETC).
Ethereum (ETH): This is the chain that adopted the hard fork and continued with the updated blockchain. It’s the chain that most people refer to when they talk about Ethereum today.Ethereum Classic (ETC): This is the chain that remained on the original blockchain, without reversing the transactions related to The DAO hack. Ethereum Classic advocates for the principles of immutability and censorship resistance, arguing that code is law and transactions should not be altered.
Ethereum Classic shares many features with Ethereum, such as the ability to execute smart contracts and build DApps. It also uses the same proof-of-work (PoW) consensus mechanism, although there have been discussions about transitioning to other consensus algorithms in the future.
Ethereum Classic has a smaller development community and a lower market capitalization compared to Ethereum (ETH). It remains a niche platform, with a particular focus on preserving the principles of decentralization and immutability that some in the cryptocurrency community view as fundamental.
#crypto2023 #cryptocurrency #Binance

Compound (COMP) is an Ethereum-based decentralized finance (DeFi) protocol that enables users to lend and borrow various cryptocurrencies in a decentralized and permissionless manner. The platform allows users to earn interest on their #cryptocurrency holdings by supplying them to the Compound liquidity pool, and it also permits borrowers to take out loans by collateralizing their digital assets.
Here are the key features and functions of Compound (COMP):
Lending: Users can supply supported cryptocurrencies (such as Ethereum, DAI, USDC, and others) to the Compound protocol. These supplied assets are then used in lending markets, where borrowers can access them.Borrowing: Borrowers can deposit collateral in the form of supported assets and borrow other cryptocurrencies, using their collateral as security. Borrowers are required to maintain a certain collateralization ratio to secure their loans.Interest Rates: Interest rates for supplying and borrowing assets on Compound are determined algorithmically based on supply and demand. Rates can fluctuate over time, providing opportunities for users to earn or save on interest.COMP Token: COMP is the native governance token of the Compound protocol. COMP holders have the ability to propose and vote on changes to the protocol, including adjustments to interest rates and supported assets.Decentralization: Compound operates on the Ethereum blockchain and relies on smart contracts for its functionality. It is considered a decentralized application (DApp) because it does not rely on traditional financial intermediaries.Autonomous: The protocol is autonomous, meaning it operates without the need for centralized control. It relies on code and algorithms to determine interest rates and other protocol parameters.Transparency: All transactions and operations on Compound are recorded on the Ethereum blockchain, providing transparency and auditability.Open Source: The Compound protocol is open source, which means that anyone can review the code, contribute to its development, or create their own applications using the Compound framework.
Compound has gained popularity within the DeFi space as it offers users the opportunity to earn interest on their crypto assets or access liquidity through borrowing without relying on traditional financial institutions.
#crypto2023 #cryptocurrency #Binance #Ethereum

The post "Bitcoin and Ethereum Worth Hundreds of Millions Transferred to Coinbase" first appeared on 36crypto.com News.
Millions of dollars worth of the two leading cryptocurrencies, #bitcoin and #Ethereum were reportedly transferred to the US-based exchange Coinbase. The new update has left the crypto community with speculations as to the reason behind the movement.
According to a report from WhaleAlert, a staggering 2,907 BTC (worth $76,436,003) was transferred in a single transaction from an "unknown wallet" to the Coinbase exchange.
Moreover, a few hours later, another jaw-dropping 2,533 BTC (worth $66.5 million) was moved from the Kraken exchange. These huge transfers, coming especially at a time when the market is gradually recovering have raised eyebrows.
On the other hand, a massive transfer of over 22k ETH was transferred. Per the report, exactly 22,343 Ethereum tokens were transferred from an anonymous wallet to the Coinbase exchange. At press time, the total worth of ETH moved is $35.4 million.
In addition, approximately 3 hours ago, another lump sum of 33,000 ETH was transferred from an unknown wallet to the OKEx exchange. Interestingly, the Ethereum transfer comes shortly after wallets linked to founder Vitalik Buterin made a massive 2,000 ETH transfer to another wallet.
Recently, Buterin has been actively moving his crypto holdings from one wallet to another.
Millions of BUSD and XRP moved
Meanwhile, other notable transfers were also spotted by the aforementioned crypto transaction tracker. A large sum of the stablecoin #BUSD totaling 50,000,000 (worth $50,012,825) was transferred from the parent exchange Binance to an unknown wallet.
Recall that Binance had initially announced that it would stop supporting BUSD from February 2024 citing regulatory and market conditions. Therefore, the reason for this lump transfer of BUSD can be attributed to the liquidation of the asset by the owner.
In a similar way, trending cryptocurrency #XRP was also spotted in a transfer. A significant amount of XRP totaling 30.3 million tokens was moved to the Bitstamp exchange.
Recently, the Bitstamp exchange has received hundreds of millions worth of XRP tokens. The activity appears to be correlated with the massive growth in the usage of Ripple payments.
However, these lump transfers of XRP to the Bitstamp exchange have failed to impact the price of the token. This has led to speculations of the absence of sale intent but simply diversification.
According to live data from Coinstats, Bitcoin, Ethereum, and XRP are currently trading at $26,281, $1,592, and $0.501 respectively.

In recent years, cryptocurrencies have taken the financial world by storm, presenting investors with new opportunities to amass wealth. While the crypto market is known for its volatility and unpredictability, it also offers the potential for significant gains.#bitcoin (BTC): The Digital GoldBitcoin, often referred to as digital gold, continues to lead the way in the cryptocurrency space. In 2023, it is expected to maintain its position as a store of value and a safe haven asset. The increasing institutional interest, with companies like Tesla and Square adding Bitcoin to their balance sheets, has further boosted its credibility. Additionally, Bitcoin's limited supply (21 million coins) and growing adoption make it a potential candidate for sustained price appreciation.#Ethereum (ETH): Paving the Way for Ethereum 2.0As the second-largest cryptocurrency by market capitalization, Ethereum is preparing for a significant upgrade called Ethereum 2.0. This upgrade aims to enhance scalability, security, and energy efficiency. Ethereum continues to serve as the foundation for decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, which could lead to increased interest and investment.Cardano (ADA): Focusing on Scalability and SustainabilityCardano has garnered attention for its focus on scalability, sustainability, and interoperability. With the introduction of smart contracts on the Cardano network in 2021, the platform opened its doors to DeFi and NFT projects. The upcoming Alonzo hard fork promises to bring even more innovation and adoption to Cardano, making ADA an intriguing cryptocurrency to watch in 2023.Solana (SOL): The High-Speed, Low-Cost BlockchainSolana has experienced rapid growth in recent months, thanks to its high-speed and low-cost blockchain network. Developers are flocking to Solana to create DeFi, NFT, and gaming projects, which could increase the adoption and demand for SOL tokens. The network's ability to handle high transaction volumes positions Solana as a formidable contender for significant growth.#Polkadot (DOT): Bridging Multiple BlockchainsPolkadot is a multi-chain network aiming to connect various blockchains and enable them to work together seamlessly. Its unique approach to interoperability and scalability has captured the attention of developers and investors alike. The upcoming parachain auctions and the launch of parachains are eagerly anticipated events that could boost demand for DOT tokens in 2023.Binance Coin (BNB): Powering a Growing EcosystemBinance Coin, the native cryptocurrency of the Binance exchange, boasts a growing use-case ecosystem. Binance Smart Chain (BSC) gained attention as a platform for DeFi and NFT projects due to its low fees and fast transaction times. As BSC continues to expand, BNB may see further adoption and appreciation in value.Chainlink (LINK): Connecting Smart Contracts to Real-World DataChainlink plays a vital role in the blockchain ecosystem by providing decentralized oracle services that connect smart contracts to real-world data. As more projects rely on Chainlink's services, the utility and demand for LINK are likely to increase, potentially leading to significant price gains.While these cryptocurrencies hold promise for substantial growth in 2023, it's crucial to remember that the crypto market is highly speculative and subject to rapid fluctuations. Diversifying your portfolio and conducting thorough research are essential steps to navigate this volatile environment. Additionally, consider your investment horizon and risk tolerance before investing in cryptocurrencies. While the crypto market can be rewarding, it is not without risks, so proceed with caution.Please note that the information provided here is for informational purposes only and should not be considered as financial advice.$BTC $LINK $BNB