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According to the official measurement of the China Earthquake Networks Center, a magnitude 3.4 earthquake occurred at 22:53 on May 16 in Wuqia County, Kizilsu Kirghiz Autonomous Prefecture, Xinjiang (40.47 degrees north latitude, 74.86 degrees east longitude), with a focal depth of 12 kilometers.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 6.1 occurred near the Leeward Islands (17.56°N, 61.08°W) at 22:50 on May 16. The final result is subject to the official rapid report.On May 16th, according to an official notice, the Indian government has implemented new restrictions on silver imports, changing several categories of silver products from a free import policy to a restricted import policy. Under the revised regulations, the import of silver bars, unwrought silver, and semi-finished silver (including silver powder) now requires government approval. Certain categories of silver imports are also subject to regulations from the Reserve Bank of India. These changes are introduced through revisions to the import policy catalog under the Harmonized System of Trade (HS) of India. This move comes as the Indian government intensifies its efforts to tighten regulations on precious metal imports and control rising import bills. Previously, the Indian central government had increased import duties on gold and silver from 6% to 15%. Simultaneously, the Directorate General of Foreign Trade (DGFT) has tightened regulations regarding the duty-free import of gold by jewelry and gemstone exporters under the "pre-authorization" scheme.On May 16, according to a report by the Islamic Republic of Iran Broadcasting (IRNA), a fire broke out at an oil factory in the northwestern Iranian city of Maragay at around 10:00 AM. The Iranian Red Crescent website reported that IRNA official Mohammad Hossein Kabadi stated that the organizations rescue personnel immediately rushed to the scene after receiving the fire report to conduct search and rescue operations. As of now, the fire has injured at least 10 people, and the rescue operation is still ongoing.Teslas US website shows that the price of the Model Y Performance All-Wheel Drive version in the US has been increased from $57,490 to $57,990.

ETH Price Prediction: Bearish Sentiment to Test Support at $1,000

Jimmy Khan

Jul 04, 2022 14:54

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Ethereum (ETH) increased by 0.76 percent on Saturday. ETH finished the day at $1,066 after losing 1.12 percent on Friday.


ETH saw a negative start to the day, dropping to a low of $1,027 in the late morning before making a rise.


ETH hit a late high of $1,077 before dropping down after finding support around the First Major Support Level at $1,024.


Despite the gains, ETH was unable to surpass the $1,101 First Major Resistance Level.

An end to the bulls' six-day losing run was a good thing.


ETH suffered this morning along with the larger crypto market as market headwinds persisted.

The merger may provide the boost need to reach $2,000 again.


Ethereum and the top 10 cryptocurrencies have been impacted by broader crypto market factors. Bearish attitude persists despite the conclusion of a six-day losing skid.


The crypto market continues to be adversely affected by worries about a US economic slowdown and central bank monetary policies.


However, the switch to the Proof-of-Stake protocol continues to be a major motivator for Ethereum.

The Ethereum community this week took solace in preventing the explosion of a "difficulty bomb" buried deep inside Ethereum's code.


Tim Beiko, an Ethereum engineer, announced the success of the Gray Glacier update, which postponed the difficulty bomb until September.


Even though the Merge could increase prices, cryptocurrency headwinds may outweigh any effects on ETH. The verdict in the SEC vs Ripple case, in which William Hinman argues that ETH is the key to the Ripple argument, may also have an impact.