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On November 16th, it was reported that the United States and Trinidad and Tobago are about to conduct military exercises in waters near the coast of Venezuelas Sucre state. On November 15th, Venezuelan President Maduro strongly condemned the exercises, calling the action "irresponsible" and a "threat" to peace in the Caribbean. Maduro stated that such actions are intended to put pressure on Venezuela, but Venezuela "will not be threatened by anyone." Recently, Trinidad and Tobagos Attorney General John Jeremy stated that the 22nd Marine Expeditionary Unit will be "intensifying exercises" in the country "in the coming days."1. Hungarian Prime Minister: Europe is on the brink of war. 2. Ukraine claims 1,200 Ukrainian prisoners will be released; Russia has not yet responded. 3. Russian Ministry of Defense: Russian troops have taken control of the Yablokovo settlement in Zaporizhia. 4. Ukrainian President Zelenskyy has ordered a comprehensive reform of state-owned energy companies. 5. According to RIA Novosti: The situation remains stable after an external power line to the Zaporizhia nuclear power plant was shut down. 6. Southern Ukrainian Defense Forces: Ukrainian troops have conducted a tactical withdrawal from the town of Novovasilivsk in the Zaporizhia region. 7. General Staff of the Armed Forces of Ukraine: A Russian oil refinery in Ryazan Oblast was attacked by Ukrainian forces; the refinery produces 840,000 tons of aviation fuel and other military fuels annually. 8. Russian Ministry of Defense: 247 Ukrainian drones were shot down in the past 24 hours. A Ukrainian military airport and energy facility related to the defense industry were attacked. 9. General Staff of the Armed Forces of Ukraine: Ukrainian forces struck the Sky-U radar station in Crimea, a military train in the Tokmok region of Zaporizhzhia, and a Russian troop assembly point in Volchansk, Kharkiv region.On November 16, the Kremlin announced that Russian President Vladimir Putin and Israeli Prime Minister Benjamin Netanyahu held a phone conversation on November 15, during which they had in-depth exchanges on the situation in the Middle East, including developments in the Gaza Strip, Irans nuclear program, and the situation in Syria.On November 15th, a Federal Reserve official revealed that former Federal Reserve Governor Kugler resigned abruptly because Federal Reserve Chairman Powell refused to grant her an exemption from handling financial assets that violated the Feds code of ethics. The official stated that Kugler was under investigation by the Feds internal oversight body for recent financial reporting issues before her resignation in August. Documents released on Saturday show that officials at the Feds Office of Ethics refused to approve Kuglers latest financial reporting materials and referred the matter to the Feds Office of the Inspector General. These reporting materials, published on the website of the U.S. Government Office of Ethics, indicate details of her financial activities that allegedly violated the Feds internal code of ethics. Kugler announced her resignation on August 1st, effective August 8th, without specifying a reason.Market news: Former Federal Reserve Governor Kugler faced an ethics investigation before resigning.

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.