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Ethereum Price Analysis: Can ETH Finally Join the Bull Party?

Ethereum’s price has been gradually declining after the rejection from the $4,000 resistance level. Yet, things might finally change soon as the asset bounced off the $3,000 support. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been making lower highs and lows over the past few weeks after getting rejected from the $4,000 resistance zone. The $3,500 level has also been lost, as the market has corrected all the way back to $3,000 and the 200-day moving average, located around the same price mark. Yet, this level has supported the largest altcoin, pushing it back higher to retest the $3,500 level. If the market can break above this area, a rally toward the $4,000 resistance zone would be expected. The 4-Hour Chart Looking at the 4-hour timeframe, ETH has been forming a descending channel over the past few weeks. With the market already rebounding twice from the lower trendline, the price is now bound to test the higher boundary of the pattern. With the RSI also showing values above 50%, the momentum is in favor of a bullish continuation above the pattern and potentially toward the $4,000 area. Sentiment Analysis By Edris Derakhshi (TradingRage) Ethereum Open Interest Ethereum’s price has been going through a correction over the last month, and investors are wondering whether a sustainable rally will soon come or whether more volatility and uncertainty could be expected. This chart presents the open interest metric, which measures the number of open futures contracts across all exchanges. Higher values are usually associated with more volatility as the risk of rapid liquidation cascades increases. The chart demonstrates that the open interest metric has been rising consistently over the recent weeks. This suggests that more liquidations could still be expected, and the volatility has yet to decrease. The post Ethereum Price Analysis: Can ETH Finally Join the Bull Party? appeared first on CryptoPotato .

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Waller’s Insights Ignite Speculations on Bitcoin Prices and Fed’s Interest Rate Decisions

Bitcoin`s price dropped, stirring discussions about Fed`s interest rate policies. Waller`s statements provide insights into potential inflation trends and rate cuts. Continue Reading: Waller’s Insights Ignite Speculations on Bitcoin Prices and Fed’s Interest Rate Decisions The post Waller’s Insights Ignite Speculations on Bitcoin Prices and Fed’s Interest Rate Decisions appeared first on COINTURK NEWS . Crypto Potato

Aurora Labs launches no-code platform Aurora Cloud Console

Aurora Labs has launched its self-serve zero coding platform Aurora Cloud Console, designed to help developers and businesses to build custom blockchains. The Aurora Labs team announced the launch of the self-serve, no-code platform via a press release shared with crypto.news on Jan. 16. According to the platform, Aurora Cloud Console will allow users to deploy customized Ethereum Virtual Machine-compatible blockchains and benefit from key features of the NEAR Protocol ( NEAR ). With the Console platform, users can quickly launch scalable blockchains, create meme coins, or scale global communities. Given the growing importance of blockchain technology in today’s innovation landscape, such a platform could prove crucial for developers and businesses alike. “We’ve removed the complexity, so builders can focus on creating great products while tapping into a thriving ecosystem of liquidity, tools, and users. Aurora Cloud Console is the gateway to Web3,” Alex Shevchenko, chief executive officer of Aurora Labs, said. Read more: Aurora Labs launches TurboChain and TurboSwap to improve the TURBO ecosystem Console users will benefit from features such as guided onboarding and real-time transaction and chain deployment monitoring. Aurora provides smart contract-enabled, EVM-compatible chains called Virtual Chains, which allow for scalability across applications. The platform is interoperable with Ethereum, NEAR, and other blockchains. Projects building on Aurora include NEAR, The Graph, Curve, Gnosis Safe, Pyth, and Covalent. According to DeFiLlama , the total value locked in the protocol has reached over $20 million. Aurora’s native token AURORA currently trades around $0.18. You might also like: Coinbase rolls out Bitcoin-backed loans via Defi protocol Morpho Crypto Potato