ETH breaks through the $3400 mark

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/4763358206 Good evening, I am Jiuye. Bitcoin has recently followed the US stock market to break through the new high since this round of rebound, reaching a high of 110500. The downward trend pressure has broken through, and after breaking through, a reversal signal has appeared, falling back to the 109000 line of horizontal trading. During the horizontal trading period, Nasdaq broke through the new high point last Friday and stood at 20600 points. It should be noted that the higher the US stock market at this stage, the greater the risk of future major pullbacks. The three high gaps of Bitcoin's downward trend pressure have been filled, and the support for the downward trend has been reduced to around 95000. From the perspective of Ethereum technology, the maximum level and maximum spatial upward trend support 2245 was inserted into 2100 and rebounded to 2520 after falling below it. The current rebound is futile, and the next wave of Ethereum's low point is pointed at 1800 Official QQ fan group: 1015904463 Tencent Meeting Number: 476 335 8206 Weibo: Xi Jiuye fights against the Heavenly Way Assistant WeChat Circle Account: BTC6688 TG official group: https://t.me/TianYuanTYX TG Official Channel: https://t.me/TianYuanXJY Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.

The current price of ETH is $2580.96, with a 0.82% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 11.2 million US dollars, with the main liquidation being short orders and ETH liquidation being 4.38 million US dollars (39.10%). The data is for reference only.

OKX-BTC/USDT is currently trading at $109000, with a 5-minute increase of 0.10%. Please be aware of market fluctuations.

Odaily Planet Daily News: In response to the community's doubts about the reserve situation and revenue sources of Falcon Finance (USDf), a stablecoin project under DWF Labs, Andrei Grachev, Managing Partner of DWF Labs, responded in an article on X. In USDf's reserve assets, stablecoins and BTC account for approximately 89% (about $565 million), while altcoins account for approximately 11% (about $67.5 million). The reserve assets have been audited, and the current over collateralization rate is 116%. In terms of yield, the composition of agreement earnings is as follows: basis trading earnings account for 44%, arbitrage trading earnings account for 34%, and pledge earnings account for 22%. Previously, Falcon Finance stablecoin USDf was briefly unanchored, falling to $0.8799 and now recovering to $0.9905.

In the past 12 hours, there have been large transactions, with a net outflow of $2.206 million from the main force and a total selling amount of $4.504 million, indicating a clear short selling signal. Especially at 10:34, two large market price sell orders exceeding $7 million and $3.91 million appeared, suppressing prices. Although there was a large market buy order of $2.89 million at the end of the trading session to try to support the bottom, the buy sell ratio of 1: 1.96 indicates that the bears still have an advantage. The K-line pattern also confirms the pressure, with RSI falling below the 50 median line after the 16:00 top classification, indicating an increase in downward momentum. Although there is currently a rebound, KDJ has entered the overbought zone and is alert to the risk of a pullback. Be the first to grasp the main trends, open up members to view large transaction indicators, and gain insight into market turning points! The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.