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  Ethereum price   is down over 8 and trading below$,450 against the US Bone. ETH remains at threat of a larger decline towards$,350 in the near term.   Ethereum started a major decline from the$,565 resistance zone.  The price is trading below$,500, and the 100 hourly simples moving normally.  There’s a short-term constricting triangle forming with resistance near$,425 on the hourly map of ETH/ USD (data feed via Kraken).  The brace could correct advance if there’s a move above the$,450 resistance zone.  Ethereum Price Dives Over 8 Ethereum price failed to clear the$,560 and$,565 resistance situations. ETH formed a high near$,565 and started a major decline, analogous to bitcoin.   There was a sharp move below the$,500 support zone. ETHEREUM PRICE FACES RESISTANCE READ FULL ARTICLE HERE 

  ETHEREUM AND THE BROADER CRYPTO MARKET JUMPED AFTER THE LATEST CPI REPORT INDICATED THAT INFLATION IS COOLING. Ether (ETH) rallied 6.3% to $1,350, mimicking a similar failed attempt that took place on Nov. 10. Despite reaching the highest level in 33 days, the gains were not enough to instill confidence in traders according to two key derivatives metrics. The market’s largest two cryptocurrencies in Bitcoin and Ethereum have both enjoyed mild gains on the heels of the latest Consumer Price Index (CPI) report. Insofar as these figures report on the extent of inflation in the American economy, the Federal Reserve usually reacts by raising or lowering interest rates. READ MORE

  ETHEREUM SLUMPED 1.64% TO $1,254.53 ON MONDAY. The second and third active good contracts area unit Tether USD (USDT) and Coin Tool, with $3.98m and $3.73m gas used, severally. thanks to its easy use and varied benefits, Uni-swap has quickly become one of the leading platforms for commerce with Ethereum-based tokens. Uni-swap V3 includes a TVL at $2.56b, in line with Defi lama. The V2 and V1 follow it with TVs of $911.8m and $7.67 million, severally, supporting Defi lama information. Following the collapse of FTX, many users migrated to Uni-swap. Also, the company’s launch of its NFT somebody on Gregorian calendar month thirty contributed to its growth. Uni-swap’s daily distinctive addresses inflated considerably once the corporate launched its NFT somebody. the corporate noted that it had over seven,000 distinctive addresses among its machine-controlled market maker.  Uni-swap supports over eleven,700 crypto pairs. the corporate conjointly has one of the biggest ecosystems ...

  ETHEREUM TUMBLES 1.48% TO 1333.32 ON WEDNESDAY. Mike Novo Gratz says after the merger Ethereum had a big move down. The merger was an amazing performance in lots of ways, it shows the decentralized community can accomplish something that’s really complicated. We all know that Ethereum had gone from $1000 to $2000. After that, we could clearly see a pullback after that and mike feels that $1,250 should be the bottom here and so Ethereum is closer to the bottom than the top. Novo Gratz says that bitcoin falling dramatically because of increasing interest rates by institutions, Blackrock deal with Coinbase and their own fund when people are coming to buy and bitcoin could go as lower as it can Most of the Altcoins are in the red zone, Bitcoin shows no reversal trend. The market condition can be tracked by several factors such as the federal reserve interest rate hike The major resistance for bitcoin is $20,000 and it’s stuck below this level and it will go down for some time because...