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Glen Depraetere

@glende

270 Following
187 Followers
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I just minted ONCOURT HARDWARE FROM COURT DATE by Court Date on Onchain Vision.
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I just minted Tunnel by Coinbase on Onchain Vision.
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@glende
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Analyst Warns: Bitcoin Nears Dangerous Territory – $40,000 On The Horizon?
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Binance has been scheduled to face face tax evasion charges in Nigeria on October 11, marking a significant legal battle for the cryptocurrency giant, Reuters reported. The crypto exchange is accused of failing to register with Nigeria's Federal Inland Revenue Service for tax purposes, among other counts.
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Binance Scheduled to Face Tax Evasion Charges in Nigerian Court This October
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zkVerify Announces Integration with ApeChain to Boost Gaming Performance and Reduce Costs
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https://zora.co/collect/base:0x1e1ad3d381bc0ccea5e44c29fb1f7a0981b97f37/1
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Ethereum ETF To Attract Only 15% Of US Spot Bitcoin ETF Influx: 10X Research
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While he acknowledges Bitcoin as “exponential gold” and a potential store of value, Timmer highlights the divergence between the deceleration in Bitcoin’s network growth and its price movements.
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Fidelity Investments Analyst Explains Why Bitcoin Adoption Has Slowed Down
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Term Structure Sets Stage for Mainnet Launch with New Updates and New Feature Integrations
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Bitcoin (BTC) Couldn't Hold Itself, Solana (SOL) Lands on Crucial Support, Ethereum (ETH) to Reach $4,500
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Bitcoin price today: down to $67k as rate fears offset spot Ether ETF approval
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The chart shows a significant surge in Open Interest following a short period of sideways consolidation, highlighting increased futures market activity and more aggressive long or short positions. Depending on the direction of these positions, this suggests a potential notable price move in the short term.
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Higher values suggest potential market volatility and trend sustainability, while lower values indicate a cooling off in the perpetual markets.
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A closer look at the 4-hour chart reveals a multi-week range-bound phase, with Ethereum consolidating between the significant support at $2.9K and the critical resistance at $3.2K. Recently, the price saw a notable surge near the $2.9K threshold, retracing towards the wedge’s upper boundary
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A sudden breach of this critical resistance zone could trigger a surge, with the next target being the $3.4K resistance region. However, the $3.2K resistance region has the potential to halt the upward momentum, as it includes a notable amount of supply.
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Despite these efforts, ETH recently experienced a bullish rebound due to significant demand around this key threshold, reaching the upper boundary of a multi-month descending wedge and the crucial 100-day moving average at $3.2K.
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An analysis of the daily chart shows that Ethereum sellers have been attempting to push the price below the crucial $3K support region, which aligns with the 0.5 ($3133) and 0.618 ($2906) Fibonacci levels.
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