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July 4th - According to the China Earthquake Networks Center, a magnitude 4.3 earthquake struck Binchuan County, Dali Prefecture, Yunnan Province (25.95°N, 100.58°E) at 18:28 on July 4, 2026, with a focal depth of 10 kilometers. Following the earthquake, the China Earthquake Administration quickly activated a Level IV emergency response, coordinating with the China Earthquake Networks Center and the Yunnan Provincial Earthquake Administration to conduct emergency response, requiring relevant units to hold joint consultations, strengthen seismic monitoring and post-earthquake trend analysis, and promptly report relevant information.July 4th - At 17:30 Beijing time on July 4, 2026, my country successfully launched the Qianfan Polar Orbit 13 satellite constellation into its predetermined orbit using a Long March 6A carrier rocket from the Taiyuan Satellite Launch Center. The launch mission was a complete success.On July 4th, European Central Bank (ECB) Governing Council member Mohelan stated on Saturday that following last months interest rate hike, data shows inflation has fallen with the plunge in oil prices, placing the ECB in a "favorable position." The ECB does not provide forward guidance, so it will not reveal its plans for July. However, the rapid decline in oil prices has provided some relief and puts the ECB in a more advantageous position regarding interest rates. Mohelan also stated that the ECBs 2.25% interest rate is "very low" compared to other central banks, and the June rate hike was "reasonable" under any circumstances. He further pointed out that the ECBs communication at the time indicated that this rate hike was not the start of a new tightening cycle.German Chancellor Merz spoke by phone with Ukrainian President Zelensky to discuss Russian airstrikes on Kyiv and other parts of Ukraine.July 4 - From today (July 4) to the 6th, public farewell and memorial services for the late Iranian Supreme Leader Ayatollah Khamenei will be held in Tehran, the capital of Iran. It is estimated that 15 to 20 million Iranians will come to bid farewell to Khamenei.

An ETH Return to $1,350 Would Signal a Breakout Afternoon Session

Lorna Divakar

Sep 27, 2022 16:19

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Bitcoin (BTC) decreased by 0.62% on Sunday. BTC lost 1.89% on Saturday before dropping 3.10% at the end of the week to $18,817.


BTC reached a morning high of $19,188 after a positive start to the day. BTC fell to a late low of $18,646 after failing to pass the First Major Resistance Level (R1) at $19,226. At $18,733, BTC breached the First Major Support Level (S1) before closing the week at $18,817.


On Sunday, Ethereum (ETH) fell by 1.67%. ETH lost 0.75% on Saturday before falling 3.00% for the week to $1,295.


After a bullish morning, ETH increased to a high of $1,337 before going back down. As ETH fell to a late low of $1,269, it fell short of the First Major Resistance Level (R1) at $1,342.


Prior to a partial rebound to $1,295 in price, ETH breached the First Major Support Level (S1) at $1,299 and the Second Major Support Level (S2) at $1,281.


After breaking away from the NASDAQ 100 on Thursday and Friday, investor worries over the weekend led to the market's decline in BTC, ETH, and overall. The expectation of a successful decision in the SEC v. Ripple (XRP) case did not act as a buffer.


The Fed's monetary policy, the economic outlook, and regulatory uncertainty all continue to be obstacles.


The crypto market cap increased by $1.11 billion, or 0.12%, to $887 billion this morning, while the NASDAQ 100 Mini was down 57.75 points.