Ethereum Bearish Signal: Shockwaves in the crypto market. ETH price drop by approximately 5.34% in the last 24 hours
Ethernet bearish data signal:Kraken, the company's Florida-based login password trading center, is allowed to shut down its cryptocurrency betting process after the Foreign Securities and Exchange Commission (SEC) accused the site of giving unregistered login password bets. According to SEC, this violates US securities law.
SEC's important move sent shockwaves through the password market, causing the price of key cryptocurrencies to fall. The ETH, the second-largest cryptocurrency, has fallen about 5.34% in the past 24 hours to $150000.
Etheric price war
The downward trend of ETH prices is driven by strong selling pressure. ETH prices soared above $1700 on February 3, 2023 and have remained around $1650 in the past few weeks. CoinMarketCap's job, with a market capitalization of $188 billion, ranks second at this stage.
The upgrading of etheric Shanghai will cause great harm
In March 2023, a new upgrade to ethernet Shanghai will be released. ETH warehousing and logistics providers will be able to revoke the cryptocurrency locked in the ETH 2.0 blockchain smart contract at this stage.
JPMorgan said in a survey on Wednesday that there is still plenty of room for promotion, given that another risk-proof (POS) Internet average ratio is about four times 14%.
Assuming that the chip ratio converges to the 60 per cent average of another key POS Internet over time, the total number of verifiers is likely to increase from more than 500,000 to more than 220,000, with returns falling to about 5 per cent from the current 7.4 per cent.
Now that the cryptographic currency sales market is expected to have a bearish trend, this update may be the only expectation of ETH holders. It may cause the ether to soar, or investors can see prices plummet with their own eyes, no one knows, but it is only a matter of time before we find the answer!