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On September 15th, data from the National Bureau of Statistics showed that in August, the year-on-year decline in new residential property prices in first-tier cities was 0.9%, a decrease of 0.2 percentage points compared to the previous month. Specifically, prices in Beijing, Guangzhou, and Shenzhen fell by 2.3%, 1.9%, and 2.3% respectively, while Shanghai saw an increase of 3.0%. In second- and third-tier cities, the year-on-year declines in new residential property prices were 2.7% and 4.1% respectively, both narrowing by 0.1 percentage points. In August, the year-on-year decline in existing residential property prices in first-tier cities was 2.7%, a decrease of 1.0 percentage point compared to the previous month. Specifically, prices in Beijing, Shanghai, Guangzhou, and Shenzhen fell by 3.5%, 0.8%, 3.8%, and 2.7% respectively. In second- and third-tier cities, the year-on-year declines in existing residential property prices were 4.9% and 5.6% respectively, both narrowing by 0.2 percentage points.New Residential Housing Prices: 1. Beijing: August new residential housing prices -0.2% month-on-month (previous value -0.3%), -2.3% year-on-year (previous value -2.3%). 2. Shanghai: August new residential housing prices +0.4% month-on-month (previous value +0.2%), +3.0% year-on-year (previous value +3.0%). 3. Guangzhou: August new residential housing prices +0.1% month-on-month (previous value +0.1%), -1.9% year-on-year (previous value -2.2%). 4. Shenzhen: August new residential housing prices +0.2% month-on-month (previous value +0.2%), -2.3% year-on-year (previous value -2.9%). Second-hand Residential Housing Prices: 1. Beijing: August second-hand residential housing prices -0.1% month-on-month (previous value 0.0%), -3.5% year-on-year (previous value -4.5%). 2. Shanghais existing home prices in August increased by 0.3% month-on-month (previous value +0.3%) and decreased by 0.8% year-on-year (previous value -2.0%). 3. Guangzhous existing home prices in August remained unchanged month-on-month (previous value +0.4%) and decreased by 3.8% year-on-year (previous value -4.7%). 4. Shenzhens existing home prices in August increased by 0.1% month-on-month (previous value +0.2%) and decreased by 2.7% year-on-year (previous value -3.6%).National Bureau of Statistics: Beijings second-hand housing prices in August decreased by 0.1% month-on-month (previous value +0%) and decreased by 3.5% year-on-year (previous value -4.5%).According to the National Bureau of Statistics, the price of second-hand residential properties in Shenzhen rose 0.1% month-on-month in August (up 0.2% in the previous month) and fell 2.7% year-on-year (down 3.6% in the previous month).September 15th - The 2026 China Carbon Market Conference was held in Wuhan, Hubei Province this morning, and the "National Carbon Market Development Report (2026)" was released at the conference. Reporters learned that as of the end of August, the national carbon emission trading market had accumulated transactions exceeding 900 million tons, with a transaction value exceeding 60 billion yuan. The national carbon market has grown from nothing to a significant stage, playing a crucial role in promoting the achievement of carbon peaking and carbon neutrality goals.

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.