POWD3R Protocol’s Post

🚀 SOL/USDT Trading Update 🪙 🔹 Current Price: Solana (SOL) is currently trading at $136. 🔹 Key Resistance: The main resistance level for SOL is at $142. If the price breaks this level, we could see a significant upward move to $146 and possibly $156. 🔹 Downside Risk: If the price breaks below the $135 support level, there could be a drop to around $123, where SOL may find new support and potentially bounce. 🔹 Trade Strategy: If you’re considering a long position, it’s advisable to wait for the price to break above $142 before entering. 🔹 Spot & Futures: $120 is a good zone for both spot and futures trading. #Solana #SOL #USDT #CryptoTrading #TechnicalAnalysis #TradingStrategy #Altcoins #MarketUpdate #CryptoInvesting

Let's see what has happened this week!🔥 #OPEC convened this week amid expectations to maintain current #oil supply agreements for Q2. Reuters cites unnamed officials indicating adherence to prior agreements ahead of the online meeting held on Wednesday. 💱 #Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🥈#Silver: 0.87% 🥇#Gold: -0.09% 🛢#Oil - US #Crude: -0.45% #Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: NZD: 0.56% AUD: 0.36% GBP: 0.29% JPY: 0.11% EUR: 0.10% CAD: 0.10% 🪙Crypto news: #ETH is up by 0.3% in the past 24 hours and is trading at $3,080 at the time of writing. The asset’s market cap is currently standing at the $370 billion mark. However, #Ethereum’s daily #trading volume plunged by 21%, dropping to $17.1 billion.🔥🤯 Shares of Marathon #Digital Holdings, #Riot Platforms, and #CleanSpark have declined for three consecutive days. Marathon Digital Holdings, the largest public #Bitcoin miner, lost nearly 25% of its stock value in the past month, while Riot Platforms lost almost 30%. Additionally, the #Valkyrie Bitcoin #Miners exchange-traded fund has seen a reduction of about 28% in its value this month.🤯 #Trading #trademega #VidyaBalan #tradecoin #RSI #TradingTips

Matrixport: Ethereum records the largest single-day volatility ever Matrixport published a statement saying that Ethereum had just set a record for the largest single-day volatility in history, which may be due to the news on May 20 that the SEC may approve the ETH ETF. ETH's previous largest volatility was concentrated in May 2021, when DeFi trading volume was close to its peak and ETH staking was in high demand. The two major fluctuations so far in 2024 were mainly driven by policies (related to SEC and FOMC meetings).

Ethereum spot ETF had a total net outflow of $152,700 yesterday, and the ETF net asset ratio reached 2.28% #cryptonews - According to BlockBeats, on September 6, according to SoSoValue data, the total net outflow of Ethereum spot ETF was US$152,700 yesterday (September 5, Eastern Time). Yesterday, Grayscale’s Ethereum Trust ETF ETHE had a single-day net outflow of $7.3895 million, and the current historical net outflow of ETHE is $2.661 billion. Grayscale’s Ethereum Mini Trust ETF ETH had a single-day net inflow of $7.2368 million, and the current historical total net inflow of Grayscale Ethereum Mini Trust ETH is $250 million. As of press time, the total net asset value of the Ethereum spot ETF was US$6.489 billion, and the ETF […] https://lnkd.in/dxDhxNCy

Ethereum trading volume has hit an all-time high, with over a QUARTER of all ETH now staked. This amounts to roughly $115 billion worth of ETH being locked up for a minimum of 9 days, the unstaking period. Additionally, significant amounts of ETH have been withdrawn from centralized exchanges, indicating strong long-term holder sentiment. All of this is happening alongside the anticipated ETH ETF, expected to begin trading around July 2, according to a Bloomberg analyst. ⛓️💥 More on the unstaking mechanism can be read here: https://lnkd.in/eBtMHyYq Chart Source: Coinglass

Are we in a DejaVu? Why? Because, 12 months back on July 23, 2023, the #SEC gave the nod for the #BTCETF and we saw a massive downpour of investments, and 12 months past that, coincidentally, #EThETF has been approved on a similar date. What does it mean for ETH? The price of Gold (XAU) was $700 when SPDR Gold Shares rolled out the first Gold ETF ($GLD) in November 2004. You know what happened to gold after the ETF rollout. In just 6 years, the price of gold rallied to $2,450 with a 250% increase. The average goes to 41% appreciation on the price of gold every year. Judging by these benchmarks, if ETH rises by a humble 30% each year, in the coming 6 years will be a groundbreaking event for Ethereum. On top of this, we have seen the BTC ETF performing exceptionally well too! What do you think about the same? Would we see ETH breaking all the previous standards of gold as we have seen in the past? would like to hear your opinion on the same. #BTC #ETH #ETF #SEC #Grayscale #Blackrock

What are Solana Liquidity Pools? A Beginner's Guide to Trading Without Middlemen https://lnkd.in/eJsfA9eB

Volmex Finance has introduced an implied volatility index for Solana's SOL token, enabling traders to measure expected price fluctuations over a 14-day period. This tool helps traders assess potential volatility and make informed decisions regarding price swings. Additionally, Volmex plans to release longer-duration volatility indices, including a 30-day measure, and derivatives tied to these indices. These developments allow traders to hedge against or profit from SOL's price volatility, adding new dimensions to trading strategies that focus on price fluctuations rather than direction.

TGIF - Here's a light-hearted introduction to #Ether ETFs While BTC has solidified its reputation as digital gold, #Ethereum continues to work seamlessly in the background as the chain-of-choice for a decentralised future. Still some ways to go for mass adoption, but it is becoming clearer by the day #Ether will fuel that future. Enjoy. https://lnkd.in/gk9shV96

Our Daily Market Report is out! Today, we cover: #BTC Trading Volume (24hr): $51.8B / -19% #DigitalAssets: Ferrari Expands Crypto Payment Options to Europe Following US Success #TradFi: Investors have mostly priced in the likelihood of the Federal Reserve cutting interest rates at its September meeting. Coupled with growing confidence in a soft landing, the market rally continues, with rate-sensitive sectors like small caps and industrials showing strength in recent weeks Every day, the SDM research team summarizes what is happening in crypto. Make sure to follow our page to get tomorrow's market breakdown! Institutional Insights: https://lnkd.in/eV4pjpcZ     Thank you to our partners TradingView for providing us with exceptional charts and industry data.