ETH breaks through the $1550 mark
OKX-ETH/USDT is currently trading at $1552.10, with a 24-hour decline of 0.00%. Please be aware of market fluctuations.
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Click on the link to enter the live stream: https://meeting.tencent.com/p/9850662513 Good evening everyone, I am your Da Bin teacher! The BTC clearing map shows that the liquidity of both long and short positions has increased significantly in the past week, and there may soon be a new round of volatility coming. Interestingly, the recent market fluctuations seem to have occurred on weekends. As stated on April 13th, even if the market has broken through the downward trend, there will not be a good performance in terms of continuity. This is indeed the case for Bitcoin at present, which is still maintaining a narrow range of fluctuations in the box. Data from the past 12 hours shows that the main force sold a large order with a turnover of 376 million yuan, far exceeding the 152 million yuan for buying large orders. The net outflow was 223 million yuan, with a buy to sell ratio of 1:2.47. The main force showed a clear willingness to short. Especially last night, the Binance contract saw three consecutive transactions exceeding $40 million, further suppressing market sentiment. Although the current candlestick is above the EMA24/52 moving average, the meteor pattern suggests an increased risk of short-term pullback, and caution should be exercised against downward pressure. ETH's data is still not good, BTC's data is not good when it's good, and BTC's data is still not good when it's bad. The two big players, Grayscale and BlackRock, are once again showing respect to each other to determine who is the big holder. Grayscale has reduced its holdings by more than 6000, BlackRock has reduced its holdings by more than 2000, and the long inactive Franklin Templeton has reduced its holdings by more than 1000. Fortunately, these are still relatively few compared to the stock, and most investors are still in a wait-and-see attitude. There's not much more to say about ETH. I think it's already good that ETH can keep up with the ups and downs of BTC before liquidity recovers. The market's attention to ETH is also weakening, after all, the gap between ETH and BTC is too big. Operation suggestion: BTC 83000-83300 Enter the first target to watch 85000, the second target to watch 86000 ETH 1620 short first target to see 1580 second target to see 1550 Join the language community group to receive the novice small white gift package, get detailed analysis of ideas, and seize the opportunity to break through! Join the practical group to communicate and learn one-on-one with the mentor! Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Tencent Meeting Live: 985-066-2513 DingTalk Group Number: 105935015698 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.
According to Foresight News, Cardano founder Charles Hoskinson responded in an interview that he was not invited to the White House Crypto Roundtable, stating that "there is no need to make a deal with Trump" and that the current US push for cryptocurrency policy reform should focus on "sustainable, long-term frameworks" rather than being dependent on short-term politicians. Previously, Trump met with cryptocurrency executives including Coinbase CEO Brian Armstrong, MicroStrategy Executive Chairman Michael Saylor, and Ripple CEO Brad Garlinghouse at the White House to discuss digital asset regulation issues. Hoskinson, who is seen as representing the sovereign blockchain camp, was not invited, although the White House has recently considered including ADA in the national cryptocurrency reserve. Hoskinson stated that he is lobbying globally to promote blockchain policies and is in close contact with Senate Banking Committee Chairman Tim Scott in the United States to support his stablecoin bill, the Genius Act; Prior to meeting with the Minister of Digital Transformation in Japan, Zhuoya Hirai; In Argentina, he communicated with President Milei's team. He emphasized that even though Trump issued a crypto executive order, established a Bitcoin strategic reserve, and appointed crypto friendly individuals to lead the SEC during his tenure, what truly matters is the regulatory stability brought about by the legislation. Faced with the current policy changes in the United States, he stated that "Trump governs the country like a startup company," but this also highlights the necessity of establishing decentralized systems such as blockchain. "The only option is blockchain," and he hopes that this chain will be Cardano.
According to the Coinbase blog, although the SEC has withdrawn the cryptocurrency lawsuit against Coinbase, the Oregon Attorney General still plans to file a similar enforcement lawsuit. Paul Grewal, Chief Legal Officer of Coinbase, stated that the allegations are "baseless" and a step back from federal regulatory reform. The company will firmly respond to the lawsuit and defend the rights of the industry and users.