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On November 10, the Houthi rebels in Yemen warned on the 9th that if the ceasefire agreement in the Gaza Strip breaks down, the group will resume attacks on Israel and ban Israeli ships from sailing in the Red Sea and the Arabian Sea.Market news: Progressive Democratic lawmakers in the United States have expressed dissatisfaction with the emerging agreement to end the shutdown and are preparing to raise objections at a Senate Democratic caucus meeting.November 10th - On November 9th local time, the Federal Aviation Administration (FAA) reported that more than 15 air traffic control centers in the United States reported staff shortages that day. The FAA announcement indicated that some facilities at some of the busiest airports in the U.S., including New York, Washington D.C., Atlanta, Dallas, and Chicago, were affected. It is understood that staff shortages may force air traffic control agencies to reduce the number of flights at certain airports to maintain safety, potentially causing widespread delays.On November 10th, Goldman Sachs stated that a growing number of US investors are buying Japanese stocks, particularly those focused on technology and artificial intelligence, attracted by their strong returns relative to US stocks. Bruce Kirk, Goldman Sachs chief Japan equity strategist, said, "The pace of US capital inflows has reached its fastest level since Abenomics." He added that active participation by US investors in Japanese equities has reached its highest level since October 2022. This influx of US funds reflects the strong performance of Japanese equities this year, boosted by the appreciation of the yen and optimism surrounding Sanae Takashis stimulus policies. In dollar terms, the Nikkei 225 index has risen approximately 30% this year, far exceeding the S&P 500s 14% gain. Kirk believes there is still room for further foreign capital inflows, as global investors net holdings in Japanese equities remain well below the peak levels seen during "Abenomics," and continued global investors need for asset diversification may also support this trend.On November 10th, the Ukrainian State Electricity Company announced that due to Russias continued attacks on Ukrainian energy facilities, most regions of Ukraine will experience 24-hour power rationing on November 10th. The company stated that the rationing will last from midnight to 11:59 PM, and industrial users power consumption will also be limited during the same period. The Ukrainian government also urged the public to conserve electricity during peak hours.

ETH Looks for a Return to $1,250 to Bring $1,300 into Play

Jimmy Khan

Nov 28, 2022 14:06

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On Saturday, Ethereum (ETH) increased by 0.50%. ETH finished the day at $1,205, reversing a loss of 0.33% from the previous day. For the second time in seven sessions, ETH finished the day at $1,200.


ETH increased to a high of $1,235 in the early afternoon following a strong morning. At $1,214 and $1,229, respectively, ETH broke through the First Major Resistance Level (R1) and Second Major Resistance Level (R2). ETH, on the other hand, experienced a negative afternoon and dropped to a late low of $1,196 before ending the day at $1,205. At $1,177, ETH skirted the First Major Support Level (S1).


Bitcoin (BTC) decreased by 0.36% on Saturday. BTC finished the day at $16,460 after losing 0.52% on Friday. Notably, BTC avoided trading below $16,000 for the fourth session in a row.


As the day got off to a bullish start, BTC climbed to an early high of $16,697. Before dropping to a late low of $16,389, BTC breached the First Major Resistance Level (R1) at $16,639 in price. BTC found late support to end the day at $16,460, avoiding the First Major Support Level (S1) at $16,376.


The $1,200 handle was maintained throughout the weekend as Ethereum network updates continued.


The following round of post-Merge and PoS transition upgrades were disclosed by the Ethereum Foundation on Thursday. The Shanghai hard fork, scheduled for H2 2023, will include the Beacon Chain Staked Ether. Users who have pre-Merge staked ETH will be able to access the tokens and rewards after the hard fork.


Although the announcement was encouraging, the developers did not give any deadlines. The ETH price will move as more information about the Shanghai hard fork becomes available.


Returning investors from the Thanksgiving break may support a breakout afternoon session for BTC and the larger market. For the first time since the demise of FTX, the BTC Fear & Greed Index exited the Extreme Fear zone this morning.