Daily Ethereum Comments

[badsha0025]

Ethereum showed a recovery starting from $ 1964 and reached $ 1986 during the day and is pushing the resistance levels. I should mention that it has difficulty exceeding the psychological limit of $ 2000 due to the flowing selling pressure. Positive estimates from institutions such as Grayscale Research are promising for Ethereum in the long term. However, Meltem Demirors' criticisms of the abandonment of PoW technology indicate that ETH's financial model should be looked at more carefully. Although its deflationary structure remains attractive to investors, transaction costs and competitive pressure from alternative platforms direct ETH's price movements. You can evaluate your short-term positions with technical data by constantly following the resistances at $ 1990-2000 and the whatsapp number list supports at $ 1960. In addition, uncertainties in the SEC's staking regulations and potential ETF developments may change Ethereum's future direction.

Daily Ripple Comments
Ripple price has faced a downward trend in the last 24 hours and is currently trading in the $2.39-2.40 range. The $2.40 level is seen as a critical resistance point; if it breaks this level, the uptrend may regain momentum. The strengthening of the legal ground for Ripple in the US may increase the use of XRP in payment technologies. However, despite the increase in active addresses, the decrease in transaction volume has not yet been reflected in the market. Trading indicators point to more selling pressure. In the long term, stablecoin regulations may offer positive potential for XRP, but in the short term, the risk of breaking the $2.30 support level should be considered. The excited reactions of the market after Ripple's legal victory seem to have faded over time, so it will be important for you to constantly monitor the current dynamics in price movement.