In today’s CryptoDaily News, it has been observed that the exchange balances of Ethereum (ETH) have reached an all-time low, indicating a bullish pressure building around the asset. Additionally, staking deposits for Ether have been surging, further supporting this notion. Technical charts for Ether suggest that it could potentially reclaim $3,000 if buyers are able to push past the resistance levels between $1,900 and $2,000.
Coinbase, a major crypto exchange, has seen a decline in its market share in the ETH staking business. This can be attributed to increasing pressure from US regulators on its staking service. The exchange’s share in ETH staking has dropped to 9.7%, the lowest level since May 2021.
Binance, another prominent crypto exchange, has been forced to halt its services in Belgium due to allegations of violating the law by serving Belgian customers from countries outside the European Economic Area.
In terms of specific cryptocurrency movements, in the last session, BTC experienced a 0.4% drop against USD. The Bitcoin-Dollar pair had initially gained 1.6% during the session but ended with a slight decline. On the other hand, ETH/USD rose 1.0% in the last session, while XRP/USD saw a 0.9% increase. LTC/USD, however, plummeted by 2.9% in the same session. These movements are indicated by various technical indicators such as MACD, CCI, Ultimate Oscillator, and Stochastic indicator.
In the economic calendar, notable events include the release of the US Dallas Fed Manufacturing Business Index, US 3-Month Bill Auction, Germany’s IFO – Business Climate, and Germany’s IFO – Current Assessment. These indicators provide insights into the state of the manufacturing sector and business expectations in the respective countries. Additionally, Japan’s Coincident Index and Leading Economic Index will also be released, providing an overview of the current state and future outlook of the Japanese economy.
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