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Indias preliminary services PMI for January was 56.8, expected to be 59.5 and the previous value was 59.3.JPMorgan Chase: Lowered Electronic Arts (EA.O) price target from $150 to $115.Hindustan Petroleum Corporation executives: It is too early to judge that Russian crude oil will not enter the market.1. At 11:35 on March 19, 2024, the Bank of Japan raised the benchmark interest rate from -0.1% to 0-0.1% as expected, restarting the interest rate hike after 17 years, and officially ending the 8-year negative interest rate era. The YCC policy was also cancelled at the meeting. 2. At 11:22 on April 26, 2024, the Bank of Japan kept the benchmark interest rate unchanged at 0-0.1% as expected. 3. At 11:23 on June 14, 2024, the Bank of Japan kept the benchmark interest rate unchanged at 0-0.1% as expected. 4. At 11:56 on July 31, 2024, the Bank of Japan unexpectedly raised the interest rate by 15 basis points, raising the benchmark interest rate to 0.15%-0.25%. 5. At 10:52 on September 20, 2024, the Bank of Japan kept the benchmark interest rate unchanged at 0.25% as expected. 6. At 10:48 on October 31, 2024, the Bank of Japan maintained its benchmark interest rate at 0.25% as expected. 7. At 10:52 on December 19, 2024, the Bank of Japan maintained its benchmark interest rate at 0.25% as expected. 8. At 11:23 on January 24, 2025, the Bank of Japan raised its benchmark interest rate from 0.25% to 0.50% as expected. The rate hike was the largest since 2007, and the interest rate rose to a new high since October 2008.On January 24, the China Consumers Association issued a consumption reminder, reminding consumers to use consumer vouchers from compliant channels, not to hoard, buy or speculate on vouchers, and to jointly resist and supervise second-hand transactions of consumer vouchers, and report any problems to relevant departments in a timely manner. A relevant person in charge of the China Consumers Association said that the essence of consumer vouchers is valuable tickets, and reselling valuable tickets is illegal. Reselling consumer vouchers to cash in disrupts the market order, and serious circumstances may constitute the crime of illegal business operations.

ETH to Target $1,800 on ETH Staking Stats and BTC Return to $25,000

Jimmy Khan

Feb 21, 2023 15:19

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On Sunday, Ethereum (ETH) decreased by 0.71%. After losing 0.12% on Saturday, ETH gained 10.89% for the week to close at $1,680. ETH returned to $1,700 for a fourth session in a row.


Following a range-bound morning, ETH increased to a high of $1,727 in the late afternoon before going back down. Before dropping to a low of $1,667, ETH broke through the First Major Resistance Level (R1) at $1,711. Before partially regaining its footing to close the day at $1,680, ETH briefly breached the First Significant Support Level (S1) at $1,677.


Bitcoin's (BTC) price dropped by 1.42% on Sunday. Bitcoin gained 0.21% on Saturday but lost everything on Sunday, rising 11.53% to $24,284. Bitcoin returned to the $25,000 level for the third time in four sessions despite the negative session.


After a range-bound morning, Bitcoin surged to a high of $25,209 in the late afternoon. Before going backward, BTC passed through the First Major Resistance Level (R1) at $24,857 and the Second Major Resistance Level (R2) at $25,082. Bitcoin dropped to a late low of $24,221 after the reversal. At $24,429, BTC breached the First Significant Support Level (S1), closing the day at $24,284. The downside was mitigated by the Second Significant Support Level (S2) at $24,226.

Shanghai Hard Fork Hope Overpowers Fed Fear

There were no updates from engineers working on the Shapella testnet on Sunday. The lack of quiet on Sunday put ETH on the back foot as the anticipated Shanghai hard fork approached.


Yet, the upside was mitigated by market confidence. Updates from the Shanghai hard fork have been good despite delays to the Ethereum Merge. The recent SEC action against US staking services has put stakeholder opinions on the hard fork to the test.


Since the Kraken settlement with the SEC, ETH staking inflows have been inconsistent, generating doubt about whether the Shanghai hard fork would result in an ETH price breakout.


CryptoQuant reports that daily ETH staking inflows reached a low of 4,896 ETH on February 23 before increasing. The inflows peaked at 33,280 EHT on February 14 before declining. The amount of ETH staked as of February 19 was 16,800 ETH.



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