Ethereum Price Technical Analysis – ETH/USD Completed Correction 191

Key Highlights

  • ETH price after correcting towards $315 against the US Dollar faced resistance and started declining once again.
  • There was a break below a bullish trend line with support at $297 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The price has breached the last swing low of $281, which is a bearish sign in the short term.

Ethereum price failed to hold gains and momentum against the US Dollar and Bitcoin. ETH/USD is now below $290 and eyeing further declines.

Ethereum Price Decline

Yesterday, we saw how there was a decent bounce back in ETH price towards the $315 level against the US Dollar. The price traded as high as $315.14 and later faced heavy offers. The price failed to move above $317 and a bearish trend line on the hourly chart of ETH/USD. A new bearish wave was initiated from $315.14 and the pair moved below the $306 support area.

The recent decline is disappointing and shows that the last wave up to $315 was only a correction. At the moment, the price is trading well below the 100 hourly simple moving average and $290. During the downside move, there was a break below a bullish trend line with support at $297 on the hourly chart. The most important point is the fact that the price broke the last low of $281. It is a sign of more declines below $280 in the near term.

On the upside, an initial resistance is around the 23.6% Fib retracement level of the last wave from the $315.14 high to $279.38 low. It looks like the price might extend declines below $279 and could even test $270. Clearly, the price is struggling and remains in the bearish zone below $290.

Hourly MACD – The MACD is gaining pace in the bearish zone.

Hourly RSI – The RSI has reached the oversold readings.

Major Support Level – $270

Major Resistance Level – $288

 

Charts courtesy – SimpleFX

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Stay Updated with NaughtyCrypto: Your Source for Crypto News and Market Trends 6860

24 11 2024 1

NaughtyCrypto News is your gateway to the latest developments in blockchain and cryptocurrency. From market insights to breaking news, we deliver everything you need to stay informed in this dynamic industry.

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Dive into expert analysis, comprehensive market reports, and exclusive updates—all tailored to help you navigate the ever-evolving crypto landscape.

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Key Features at a Glance

  • Deep-Dive Reports: Exclusive analyses of market trends, including predictions and opportunities.
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Kingdomsly Integrates Advanced Cryptocurrency Forecasting Tools into AI-Powered Platform 7333

Kingdomsly, a leader in financial technology innovation, has announced the integration of advanced cryptocurrency forecasting tools into its AI-driven trading platform. This development combines cutting-edge technology with market analysis methodologies, offering users a comprehensive suite of tools for navigating the complex world of cryptocurrency trading and investing.

With the explosive growth of digital assets and the increasing volatility in the cryptocurrency market, accurate forecasting tools have become essential for traders and investors.

Kingdomsly’s integration aims to provide users with actionable insights, leveraging predictive models, real-time data, and historical analysis to enhance decision-making.

Key Features of Kingdomsly’s Forecasting Tools

1. AI-Driven Market Analysis my
The platform utilizes artificial intelligence and machine learning algorithms to process large datasets, identify patterns, and predict price movements. These tools integrate fundamental, technical, and sentiment analysis to offer holistic market perspectives.

2. Comprehensive Analytical Methods

  • Fundamental Analysis: Evaluates the intrinsic value of cryptocurrencies by examining blockchain data, market adoption, and technological advancements. 
  • Technical Analysis: Provides insights into historical price trends using chart patterns, volume indicators, and price movements to predict short-term fluctuations. 
  • On-Chain Analysis: Monitors blockchain metrics, such as active addresses and transaction volumes, to assess network health and detect unusual activity. 
  • Sentiment Analysis: Gauges market mood by analyzing social media trends, news, and public opinion to forecast immediate market reactions.

3. Personalized Forecasting Tools
Users can customize their forecasting models to align with their trading strategies and risk tolerance. Real-time alerts and predictive models powered by advanced algorithms offer tailored recommendations.

4. Educational Support for Traders
Alongside its tools, Kingdomsly.com offers educational resources, including webinars and tutorials, to help traders understand and apply forecasting methods. The goal is to bridge the knowledge gap for beginners while providing advanced strategies for seasoned professionals.

The Importance of Reliable Cryptocurrency Forecasting

Cryptocurrency forecasting plays a pivotal role in navigating the highly volatile digital asset market. Kingdomsly.com’s platform incorporates methodologies that address key factors influencing market trends, such as:

  • Government Regulations: Tracking policy changes that may impact market dynamics.
  • Technological Advancements: Evaluating innovations in blockchain technology.
  • Market Sentiment: Monitoring news and social media for sudden shifts in investor behavior.
  • Whale Activity: Identifying significant transactions that could indicate market manipulation.

By offering tools that combine these insights, Kingdomsly.com positions itself as a valuable partner for traders seeking clarity in a fast-paced market.

Bridging Innovation with Usability

“Our mission has always been to empower traders by providing them with sophisticated yet accessible tools,” said a Kingdomsly.com spokesperson. “Integrating advanced forecasting capabilities into our platform reflects our commitment to equipping users with the knowledge and resources needed to succeed in today’s evolving financial landscape.”

Challenges and Opportunities in Cryptocurrency Forecasting

While Kingdomsly’s tools offer unparalleled insights, the inherent volatility of cryptocurrency markets remains a challenge. External factors, such as regulatory shifts or security breaches, can disrupt even the most robust forecasts. However, by combining multiple analytical approaches, traders on the platform can mitigate risks and make more informed decisions.

About

Kingdomsly.com’s integration of advanced cryptocurrency forecasting tools marks a significant step in redefining how traders interact with digital assets. By combining AI-powered analytics with a wide range of forecasting methodologies, the platform ensures users are equipped to navigate the complexities of the cryptocurrency market. Whether you are a beginner exploring the basics or an experienced trader seeking cutting-edge tools, Kingdomsly.com provides a powerful solution for understanding and capitalizing on market opportunities.

For more information, visit https://kingdomsly.com

Stackup Unveils Enterprise Platform to Transform How Businesses Operate on Blockchain 7063

Silicon Beach startup pivots from infrastructure provider to tackle crypto’s $100B operational crisis

Stackup, the company that built critical infrastructure for Coinbase and Trust Wallet, today announced its evolution into an enterprise-grade platform that transforms how businesses operate on blockchain. The platform eliminates the manual overhead and security risks that have plagued crypto companies, replacing clunky hardware wallets and fragmented tools with seamless financial operations.

“Here’s crypto’s worst-kept secret: the companies building the future of finance use primitive technology to run their operations,” said John Rising, CEO of Stackup. “We watched companies manage treasury operations through hardware wallets and manual processes. It’s not just inefficient—it’s dangerous. We realized that solving this fundamental problem could unlock the next phase of blockchain adoption by making doing business onchain a strategic advantage.”

The pivot follows Stackup’s success in providing infrastructure for major crypto wallets. While building solutions for Trust Wallet and Coinbase, the team discovered a deeper problem: the lack of enterprise-grade tools for basic business operations on blockchain.

“We saw CFOs spending hours manually processing transactions, founders losing nights to administrative overhead, and companies cobbling together consumer tools to run multi-million dollar operations,” said Hazim Jumali, CTO of Stackup. “The infrastructure we’d built for wallets gave us unique insight into solving these operational challenges.”

Bringing Modern Financial Controls to Blockchain

Stackup’s platform introduces several industry firsts:

  • True non-custodial operations with enterprise-grade security
  • Cross-chain permissions and workflows that mirror traditional finance controls
  • Automated transaction management without sacrificing security
  • Real-time financial visibility across all blockchain operations

The solution leverages advanced smart contract technology (ERC-4337) to eliminate the need for hardware wallets, browser extensions, or complex key management systems. Companies can now manage blockchain operations with the same level of control and efficiency they expect from traditional financial systems.

The founding team brings unique expertise to the challenge. Rising, previously Director of Vehicle Engineering at Relativity Space, brings experience scaling complex systems from concept to launch. Jumali, an early pioneer in smart account technology, led development of the infrastructure now used by major crypto wallets.

“Stackup isn’t just another blockchain tool—it’s a complete reimagining of how businesses should operate on-chain,” said Rising. “We’re giving companies the operational foundation they need to build the future of finance.”

Availability

Stackup’s enterprise platform is available immediately for companies looking to transform their blockchain operations. For more information, visit https://www.stackup.fi.

About Stackup

Stackup transforms how businesses operate on blockchain through enterprise-grade infrastructure that makes complex crypto operations simple, secure, and scalable. Founded by veterans from SpaceX and Afterpay, Stackup powers operations for leading crypto companies. The company is based in Culver City, California.

Core Launches Dual Staking With Fusion Upgrade for Enhanced BTC Yields 7271

Core launched its Dual Staking feature through the Fusion upgrade, unlocking new yield opportunities for Bitcoin holders. This feature allows Bitcoin holders to stake both BTC and CORE tokens for higher tiers of yield, making CORE a highly valuable asset by enabling holders to increase their rewards.

Once primarily a sought-after store of value, Bitcoin has now effectively transitioned into a powerful engine of decentralization. Core has capitalized on this transition by enabling seamless decentralized applications secured by Bitcoin and built with EVM-compatible smart contracts on a Bitcoin-powered blockchain.

Core began as a community looking for better solutions, grounded in the principles of both Bitcoin and Ethereum. To date, it has achieved more than 300 million on-chain transactions, amassed a community of 2.2 million Twitter followers, more than 253K Discord members, and 5 million active wallets.

Core Ecosystem’s Fusion Upgrade Launches Dual Staking

Non-custodial Bitcoin staking was introduced to Core in April 2024, making Bitcoin a natively yield-bearing asset for the first time in history.

The dual staking feature is highly beneficial for holders, removing the need for intermediaries or custodial risk. Bitcoin holders can access secure yield options while maintaining full control over their assets, reducing friction for institutions and individuals keen to open up passive earning opportunities on-chain. With more than 6,380 Bitcoins staked as of October 2024, valued at over $575 million, Fusion’s dual staking upgrade enables higher yields by offering a base risk-free rate for Bitcoin stakers and an enhanced ‘dual-staker rate’ for those who stake CORE tokens alongside BTC.

Dual staking also rewards long-term commitment, providing higher rewards for those who stake for longer durations. Importantly, becoming eligible for these higher rates does not require giving up the custody of the assets. As Core becomes a second block reward provider for Bitcoin, participants with CORE tokens are further rewarded. According to Core Foundation, close to 76% of Bitcoin mining hash power is being delegated to Core, contributing to its security.

Dual Staking: How it Works

Dual staking for higher yields involves two easy-to-maintain criteria. First, both CORE and Bitcoin must be staked simultaneously, with the amount of CORE staked meeting the minimum dual staking threshold.

Second, the staking wallet address must match the designated CORE rewards address for Bitcoin staking, where the yield payments are sent. To ensure that the CORE rewards address is the same as the CORE staking address, users have to visit stake.coredao.org and carry out these steps.

The Core address tracks staking transactions for both Bitcoin and Core. Once connected, users can go to the “My Staking” section of the website to view all the transactions and accrued rewards in CORE from both Bitcoin staking and CORE staking.

Core’s official staking website lets users keep an on-time tab on the distribution of their delegated CORE, Bitcoin, and Hash across each validator. Staking yields vary between validators, depending on the total and weighted amount of delegations each receives. This transparency helps users balance CORE and Bitcoin distribution to maximize yield. It maintains ecosystem health by preventing validators from earning too little and eventually becoming inactive, while also limiting excessive delegation to a single validator, thereby reducing rewards for others.

Since Dual Staking is non-custodial, users have full control over their assets. While Bitcoin stays secure in the user’s wallet, the stakers are free from slashing, counterparty, and external Smart Contract risks.

Staked CORE, unlike time-locked Bitcoin, is not bound by time constraints—users can ‘unstake’ CORE anytime or stake it independently.

The Larger Impact of Core’s Dual Staking Feature

Overall, with the Fusion upgrade, Core introduced a sustainable, non-custodial way to generate returns on Bitcoin. The fixed CORE emissions incentivize dual staking, ensuring that rewards remain aligned with long-term commitment and ecosystem success.

Cido Exits Stealth, Launching Indexer That Sets New Industry Standards for Speed, Efficiency, and Scalability 7231

Breakthrough technology promises low query latency, built-in scalability, and chain-agnostic architecture

Cido, the real-time blockchain indexer for the next generation of decentralized applications (dApps), today exits stealth and announces the launch of its state-of-the-art onchain infrastructure. Poised to dramatically improve the way developers and enterprises interact with onchain data, Cido’s data querying protocol addresses critical industry pain points with its speed, efficiency, and scalability.

Built for both EVM and non-EVM networks, Cido is future-proofed for high-throughput chains, has minimal hardware requirements, and features technical improvements like parallelized processing, bulk indexing, state caching, and pre-computation. The indexer is engineered to handle high levels of TPS without compromising performance, enabling it to scale as the industry evolves. On Ethereum Mainnet, for example, Cido can index the entire chain 100x faster than competitors, it provides an average of 25x speed improvement on single queries as compared with The Graph, and it maintains a 7x advantage when running six queries concurrently.

Cido’s strategic launch partners include Liquify (RPC node provider), Influx (Onchain Asset Ecosystem powered by SuperNova Ventures), DataHive (On-Device AI Agent), Equo AI (Open Source AI models) and Spielworks (web3 gaming company).

Optimizing its architecture to avoid waiting in the “hot” path, Cido reduces dependency on the speed of RPC calls, ensuring faster, more stable indexing across networks. Pre-computing blocks enables multi-threaded processing, boosting throughput and efficiency. Bulk indexing hundreds of blocks simultaneously reduces overhead and lowers cost. State caching between transactions further enhances indexing performance, saving time and resources for developers handling complex data.

“Many indexers simply can’t keep up with today’s demands,” says Mike West, CEO of Cido. “Waiting days or weeks to sync historical blockchain data can cripple development timelines, while query latency can render many applications and businesses useless and unprofitable. Cido is built to keep up with data flows at the speed of now.”

As the “Proof of Truth” indexer, Cido has made data integrity a cornerstone of their solution. While caching state to enable rapid querying, it ensures the accuracy of that data by requiring proof of its indexing. This makes verifying data quick and easy, ensuring users can trust the information they receive without compromising on performance.

Engineered for usability, Cido is a modular solution that allows developers to change their indexer without altering their codebase, significantly reducing development overhead and future-proofing applications. This flexibility is further enhanced by a chain-agnostic architecture featuring parallelized processing designed to work seamlessly across all major chains and networks.

“We’ve designed Cido as the indexer for the future,” adds Tyler Hawkes, Chief Technical Officer of Cido. “As the world comes onchain and transaction volumes increase by orders of magnitude, Cido ensures that apps, projects, and developers can keep pace with the growing demands of both users and developers.”

Cido is set to improve a wide range of applications that rely on real-time onchain data feeds for optimal performance and user experience. From decentralized apps like DEXs, block scanners, wallets, DePIN storage networks, and decentralized social media, to artificial intelligence, oracles, market making, and even high-frequency trading, Cido offers those building in crypto a novel, high-performance solution for accessing the increasing amount of information available onchain.

Cido’s launch marks a significant milestone in crypto data provisioning, unlocking new possibilities for innovation and efficiency onchain.

For more information about Cido, visit https://www.cido.ai/.

About Cido

Cido is a high-performance, low-latency indexing and querying protocol designed for efficient and reliable real-time blockchain data retrieval. Cido offers scalability, customizability, and blockchain-agnostic parallelized processing to achieve unprecedented speed. Built to address critical challenges like network latency, RPC dependency, and inefficiency, Cido’s modular, chain-agnostic architecture is engineered for the high-throughput future demands of Web3 and its next generation of decentralized applications.

MILKBAG & bera.buzz – Your Gateway to Cult Memecoins with Real Utility 7284

In the ever-evolving crypto space, one project is making an unmistakable mark: MILKBAG. Operating across Solana and Berachain, MILKBAG brings together the power of cult memes and real utility to create a new benchmark in the crypto market. Paired with bera.buzz, Berachain’s premier token launch platform, this ecosystem is unlocking unmatched opportunities for holders and enthusiasts alike.

Why MILKBAG Stands Out

MILKBAG isn’t just another flash-in-the-pan memecoin. Unlike tokens that thrive only on short-lived hype, MILKBAG has spent 8 months building a foundation for sustained growth and innovation. Its vibrant and rapidly expanding community is at the heart of its success, creating an active base that propels the project forward.

MILKBAG holders enjoy exclusive perks, including early access to groundbreaking projects and generous airdrops. This project doesn’t just promise value; it delivers it, turning holders into cult members in a thriving ecosystem.

bera.buzz: Empowering Innovation on Berachain

As a cornerstone of the MILKBAG ecosystem, bera.buzz takes token launches to the next level. Renowned as the leading platform on Berachain, it provides cutting-edge tools and a seamless user experience for launching and supporting new projects. With bera.buzz driving growth, MILKBAG is perfectly positioned to expand its influence across the crypto landscape.

A Vision for Growth and Expansion

One of MILKBAG’s key strengths lies in its forward-thinking approach. Profits from bera.buzz are reinvested directly into MILKBAG, fueling ongoing development and innovation. The project’s commitment to cross-chain integration ensures MILKBAG can tap into new networks, introducing its unique offering to an ever-growing audience.

Why Choose MILKBAG?

In a world where fleeting trends dominate, MILKBAG offers substance, strategy, and staying power. For those seeking a project with a clear roadmap, an engaged community, and real utility, MILKBAG checks all the boxes. By combining the creativity of memecoin culture with the practicality of utility-driven technology, MILKBAG delivers a crypto opportunity that’s both exciting and reliable.

Be Part of Something Bigger

The memecoin arena is crowded, but MILKBAG and bera.buzz rise above the competition with their innovative approach and bold vision. Backed by a passionate team and a growing community, MILKBAG is poised for even greater success.

For those who want to be part of a project built on more than just hype, now is the perfect time to join the MILKBAG journey.

Milkbag
Website: https://milkbag.xyz
Telegram: https://t.me/MILKBAGsol
Twitter: https://x.com/MilkbagSol

bera.buzz
Website: https://bera.buzz
Telegram: https://t.me/berabuzz
Twitter: https://x.com/Berabuzz