Ethereum Price Technical Analysis – ETH/USD’s Bearish Path 348

Key Highlights

  • ETH price declined further and followed a short-term bearish path below $445 against the US Dollar.
  • There are two bearish trend lines forming with resistance at $428 and $442 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The pair might correct towards $440-442 in the near term, but could face sellers.

Ethereum price declined sharply against the US Dollar and Bitcoin. ETH/USD moved towards the $410-400 levels and is currently correcting higher.

Ethereum Price Decline

There was no major recovery in ETH price above the $460 level against the US Dollar. The price came under renewed selling pressure and traded below the $430 and $425 support levels. It almost tested the $400 handle and traded as low as $408.80. At the moment, the price is correcting higher towards $430. It has moved above the 23.6% Fib retracement level of the last decline from the $460.54 high to $408.80.

On the upside, there are many resistances such as $440 and $460. There are also two bearish trend lines forming with resistance at $428 and $442 on the hourly chart of ETH/USD. The first trend line is near the 38.2% Fib retracement level of the last decline from the $460.54 high to $408.80. However, the most important resistance is around the $440 level and the second trend line. The 100 hourly simple moving average is also near $450 to act as a resistance.

An intermediate resistance is around the 50% Fib retracement level of the last decline from the $460.54 high to $408.80 at $435. Therefore, any major upsides are likely to be capped by the $440 level. On the downside, the recent low of $408 is a decent support. The most important support is near $400-395 where there can be strong bids.

Hourly MACD – The MACD is placed well in the bearish zone.

Hourly RSI – The RSI is moving higher towards the 40 level, but it is well below the 50 level.

Major Support Level – $408

Major Resistance Level – $440


Charts courtesy – SimpleFX

Previous ArticleNext Article

Leave a Reply

Cardano Spot & TapTools Join Hands For News & Data Sharing 6522

Image 123650291

Cardano Spot offers its News API to Cardano native projects for free. Meanwhile, the TapTools platform leads the data aggregation for Cardano markets.

Singapore (1st April 2024): Cardano Spot is thrilled to announce a partnership with TapTools, Cardano’s native assets data aggregator. Cardano Spot, the first Cardano Social network, strives to educate and spread awareness about the ecosystem. This collaboration focuses on bringing the latest crypto news to the community.

Enhanced Visibility

The partnership is a significant move towards fostering a better understanding of the Cardano ecosystem, using accurate data and news updates within the Cardano community. Cardano Spot and TapTools facilitate comprehensive information and data insights to empower degens.

“Cardano Spot aims to educate the community and onboard new users to the ecosystem. Our strategic partnership with TapTools will optimise our efforts to provide accurate data reporting and enhanced news articles. Our News API brings the latest updates from the Cardano blockchain and its native projects. This collaboration further complements community-generated content and brings more engagement on both platforms,” stated Anuj Chaudhary, Content Head of Cardano Spot.

“Integrating Cardano Spot’s news articles into our platform is a great step forward in spreading awareness, and we’re thankful to be working together to provide great news and updates to the community,” said James Cadena, COO & Co-Founder, TapTools.

Educational Content

The collaborative effort is to create informative content to educate the community about several aspects of Cardano’s decentralised finance (DeFi) segment. Both entities work closely with the native projects, guiding the ecosystem to the next level. TapTools has consistently demonstrated its commitment to simplifying the Cardano ecosystem, making it more accessible to users.

Mutual Collaboration

This collaboration depicts just the beginning of what promises to be a series of impactful synergies between Cardano Spot and TapTools. Both entities share a mutual goal of enriching the Cardano experience for users. Reporting on the latest developments with accurate data will help to create impactful content and research papers.

In a nutshell, the partnership between Cardano Spot and TapTools signifies a shared commitment to promoting transparency, accessibility, and education within the Cardano ecosystem. Through this collaboration, users can expect enhanced access to timely and informative content, further empowering them to engage with and understand the evolving landscape of Cardano.

About Cardano Spot

Cardano Spot is an emerging Web3 social media platform developed with the Cardano community at its core. It is a home for Cardano enthusiasts, where users can stay updated with the ecosystem. They can also grow through insights into the market and connections with the community.

About TapTools

TapTools is an all-in-one data platform for Cardano native assets. The TapTools Pro suite comes with important tools like hot wallets, wallet profiler, volume profiler pro, and distribution pro. These tools are crucial for serious investors and traders. TapTools offers personalised watchlists for tokens, wallets, and CNFTs.

For media inquiries or further information, please contact:
Mozhalova Oleksandra
PR/Marketing Manager
[email protected]

Vircrum – Where Ideas Take Flight: Your All-in-One AI Solution for Transforming Text to Image, Voice, and Video 6057

Vircrum revolutionizes content creation, translation, and summarization, empowers visual storytelling and data visualization, enhances accessibility and language learning, and amplifies content marketing and educational efforts.

$VCRM Fairlaunch Details:

  • Fairlaunch on Pinksale starts from:- 12:00 UTC 15/04/2024 
  • Buy here:
  • Contract address – J4LKD1TwqZPJMC4FT3ZMikFZE9T4pwYA9MXyhNvd6jcY 
  • View MEOWWIF contract on solscan :-

Vision: Empowering individuals and businesses to unlock their full potential through seamless integration of advanced AI technologies.

Mission: At Vircrum, our mission is to revolutionize the way people interact with technology by developing cutting-edge AI solutions that simplify tasks, enhance productivity, and enrich lives. We strive to create a future where AI seamlessly integrates into everyday life, empowering users to achieve more while fostering innovation and positive change across industries. Through relentless innovation, ethical practices, and a commitment to excellence, we aim to be at the forefront of the AI revolution, driving forward progress and shaping a brighter, more connected world.

Pool Info

  • Toatal supply :- 1,000,000 (VCRM) 
  • Tokens For Presale:- 400,000 (VCRM) 
  • Tokens For Liquidity: 193,800 (VCRM) 
  • SoftCap: 20 SOL 
  • Duration: 15th to 18th April (20:00 UTC) 
  • Listing On: Raydium AMM V4 
  • Liquidity Percent: 51% 
  • Liquidity Lockup Time: 365 days after pool ends

Official website:-

0G Launches Newton Testnet of Ultra-Scalable Modular AI Blockchain 6011

0G Labs is pleased to unveil the launch of the testnet for 0G, the modular ultra-high data throughput blockchain optimized for on-chain AI. The network is now available for node operators, developers and the community to join and provide feedback for an upcoming mainnet launch in Q3 2024.

0G, or ZeroGravity, is a modular blockchain that aims to alleviate the major pain points of using blockchain for AI, where data and execution requirements outweigh the current market offering by several orders of magnitude. The modular architecture enables 0G to offer a lean and performant network, unencumbered by legacy consensus algorithms, unrelated use cases sharing the same block space, as well as on-demand scaling.

Demand for on-chain AI is growing due to its promise of offering reliable and credibly neutral training and execution of neural networks. According to a report by KPMG, the vast majority of global corporate executives see AI as one of the fundamental technology breakthroughs that will impact their business in the near future. However, adoption risks abound — including potential intellectual property issues, personal data sharing, lack of regulatory frameworks and biases in generative AI models.

Via immutable and verifiable storage and execution environments, blockchains offer a promising solution to address the many challenges of AI. By making AI workflow decentralized, it democratizes the technology and makes it accessible to more people and organizations. By distributing data across multiple nodes rather than centralizing it in a single location, decentralized AI can help protect sensitive information from hacks and breaches. It also enables fair distribution of rewards to the contributors in the entire workflow, e.g., to data, model, and computation power providers, respectively. The distributed ledger and cryptographic technologies can further give more transparent ways to track the AI generated data to help people distinguish between the authentic original data and deepfakes. In addition, blockchains can help achieve a balanced approach to manual interventions in the models’ results, which sometimes can miss the mark.

Existing infrastructure solutions are still insufficient for massive on-chain AI adoption, which is why 0G is building the next-generation blockchain infrastructure for AI. With benchmarks of over 50 Gpbs data throughput, compared to existing rates of 1.5 Mbps on Ethereum-based scaling solutions, 0G offers an incredible improvement in its baseline form, while the modular architecture promises potentially infinite scalability down the line.

“The public launch of our testnet marks the first stage of bringing AI on-chain, which will combine two of the most exciting technologies that emerged in the past decade,” said Michael Heinrich, CEO of 0G Labs. “Our team has worked diligently over the past months to deliver our vision of the ultra-scalable modular blockchain, and we’re really excited to see the feedback from the community of users and developers.”

The 0G testnet launch comes shortly after 0G Labs closed its $35M pre-seed round, which was originally intended to collect $5M to bring an MVP of the idea to market. The round, led by Hack VC, saw participation from many influential investors primarily in the Web3 space, including Bankless, Polygon, Delphi Digital, TRGC, Dao5, Symbolic, BlockChain Builders Fund, Dispersion, Daedalus, Gumi Cryptos and many more venture funds and angel investors.

About 0G

0G, or ZeroGravity, is a leading Web3 infrastructure provider that is building the leading modular AI blockchain creating solutions to implement on-chain AI applications in the Web3 ecosystem. The platform achieves high data availability through its unique architecture separating data storage and data publishing. By ensuring throughputs of 50 GB/second, a full 50,000x faster than competitors, and a cost that is 100x lower, 0G has positioned itself as a leader in bringing high data use cases, such as scalable L2s and modular AI, into the Web3 ecosystem.

Tanuki Announces “Cheeky” Memecoin Launchpad on Solana and Live Token Presale 6108

Tanuki launched recently on Solana, aiming to “redefine the meme game and bring unprecedented joy to the community” through the Tanuki Launchpad supporting reliable memecoin projects. The platform’s native token, $TANUPAD, is now available for presale.

The project has a laidback approach to the crypto cosmos, promoting fairness and transparency for all while communicating in a humorous, “cheeky” tone. Its mission is to empower genuine meme projects and accelerate innovation in the blockchain space via the $TANUPAD token, available in a total supply of 2 billion tokens.

One of the platform’s standout features is the Tanuki Launchpad, supporting the most used blockchains, including Solana, Ethereum, BNB, Avalanche, Arbitrum, SEI, SUI, Cardano, and Metis. By fully embracing network diversity, the launchpad can support numerous projects during their first steps into the cryptosphere and showcase their potential to a broader audience.

The $TANUPAD token fuels the growing Tanuki ecosystem and provides holders with numerous benefits. For example, holding $TANUPAD gives governance influence and a say in the project’s evolution. Moreover, holders can access potential earning opportunities by staking and farming their tokens and exploring the many lucrative opportunities on the launchpad. The platform does not impose KYC for token holders participating in IDOs, allowing for greater investor diversity.

No less than 45% of the 2 billion $TANUPAD tokens are available for the presale, which is now live. The token is listed on major exchanges, including, Raydium, MEXC Global, LBANK, and HTX.

Tanuki’s commitment to complete decentralization is visible in its smart contract code, which was stripped of all minting and freezing features. This means the owner relinquishes all control and guarantees a fair and transparent use for all participants.

Another feature that sets Tanuki apart from numerous memecoin projects is its setup system, which controls participation in launchpads and prevents possible dumps. Additionally, the platform protects project launches from potential rug pulls through advanced safety systems. These security measures distinguish Tanuki as a reliable launchpad for projects that are not counterfeit or deceptive.

About Tanuki

Tanuki launched in 2024 with the goal of becoming a beacon of transparency and trustworthiness among memecoin project launchpads. To this end, it commits to fostering an inclusive and collaborative ecosystem that enables projects to raise funds, connect with investors, and gain widespread adoption across multiple blockchain networks.

The project benefits from an expert team of professionals building its path toward global visibility and use. One of their objectives is to establish a robust and loyal community and engage with it via social media channels, such as X (Twitter) and Telegram.

Following the ongoing presale, Tanuki will seek to obtain more listings on decentralized and centralized exchanges, introduce the staking platform, and integrate SUI and SEI networks with its launchpad. Future plans include the launch of its proprietary DEX, Tanuki Launchpad Swap.

So far, Tanuki has successfully passed an audit with SolidProof, one of the industry’s top auditors.

Waterfall Network Launches New Desktop App for Windows and macOS 6084

Waterfall Network, the decentralized and scalable ledger, today announced the release of a new desktop app for Windows and macOS that now allows almost anyone to easily set up their own node on the blockchain. With one-click setup, users only need to download and open the app, their Metamask (or any EVM) wallet, and they will have a full node running in sync with Waterfall Network.

Once users are connected, they can activate the node to receive stake amounts and rewards, view network status and connected peers, manage block producers on the node by creating or removing them, check balances, use external SSD drives as a data storage device, and customize other node settings.

“Supporting the Waterfall Network is now simpler than ever,” said Sergii Grybniak, Blue Wave CTO and Waterfall Head of Research. “This is not only an easy way for even novices to participate in the benefits of a blockchain, but this will also open up Waterfall node participation to a whole new class of user that will prove vital to building Waterfall before we publicly launch the mainnet.”

The Waterfall Network continues to streamline and expand its scale in anticipation of the launch of its mainnet. The Waterfall Network protocol has been optimized to achieve loads of 10,000+ transactions per second, with other optimizations and improvements, including faster synchronizations in parallel, improved search for new peers, automatically unlocked validators, improved reliability in optimistic consensus, randomness creation, new transaction gas estimates, and storage optimization. Waterfall is also continuing to develop and implement fast synchronization, simpler mnemonic phrase mechanisms, and reduced consumption of disk space.

The Waterfall Network protocol is Ethereum Virtual Machine (EVM) compatible, serving the huge existing Ethereum developer base without having to learn new programming languages. Its protocol incorporates an innovative “Directed AcyclicGraph (DAG)” technology that allows for virtually unlimited scalability and portability of decentralized applications (dAPPs) with low processing power requirements that allow anyone to run a validator node from even low-cost laptops and mobile phones.

To download the new Waterfall Network desktop app or for more information, please visit

About Waterfall Network

Waterfall is a versatile layer one (L1) smart contract platform that solves the “blockchain trilemma” of security, scalability and decentralization while offering the first truly decentralized governance platform. Waterfall’s unique approach utilizing what is called a “Directed Acyclic Graph (DAG)” achieves this by allowing anyone to run a validator node from any device, including low-cost laptops and in the future mobile phones. Waterfall is Ethereum Virtual Machine (EVM) compatible, serving the huge existing Ethereum developer base without having to learn new programming languages. Waterfall utilizes a “one person one vote” system in which money can’t buy power. It is connected via two-way bridges to other popular protocols including Ethereum, BSC, and more to come.

Waterfall is the leading layer one (L1) architecture to combine scalability and decentralization, all while offering a truly decentralized governance platform. Waterfall’s Directed Acyclic Graph (“DAG”) achieves and allows it to run a validator node from any device, including low cost laptops and in the future mobile phones. Waterfall utilizes Ethereum Virtual Machine (EVM), allowing for portability of decentralized applications (dAPPs), and has very low hardware requirements for the participants to become validators.

CUDOS to tokenize assets on the Moon with 2024 Copernic Space Mission 6908

In a move that marries blockchain technology with lunar exploration, CUDOS is thrilled to announce its participation in the 2024 Moon Mission, spearheaded by Copernic Space. This marks a significant milestone for CUDOS and the future of the space economy and blockchain technology.

CUDOS has been at the forefront of leveraging blockchain for innovative uses for years. Now, it’s taking a giant leap – quite literally – by sending the Mainnet genesis file to the moon. This file, encapsulating the initial state and configuration of the CUDOS chain, symbolizes the boundless potential of blockchain technology beyond Earth.

A Monumental Leap for Blockchain

The Copernic Space 2024 Moon Mission and related lunar asset initiative, which features other leading players from various industries such as Axiom Space, Flash Motors, and SophiaVerse AI, signifies a bold step into the future of blockchain-based space commerce. CUDOS’s Mainnet genesis file will be part of the payload, destined for a volcanic feature on the moon known as Mons Latreille.

Tokenization Beyond Earth

CUDOS will send this code to the moon and transform this celestial endeavor into a unique digital asset, creating a one-of-a-kind NFT representing the Mainnet genesis file on the moon. This NFT will symbolize ownership and mark a pioneering moment in the tokenization of lunar assets. This lunar asset will be tokenized according to the industry standard Copernic Space has created over the past two years with various lunar companies. The forthcoming giveaway of this NFT offers a once-in-a-lifetime opportunity for participants to own a piece of blockchain history and one of the first verified lunar assets.

Mission Details

  • Launch Date: Set for Q3-Q4 2024.
  • Destination: The moon, targeting the volcanic area near Mons Latreille.
  • The Journey: Embarking aboard the SpaceX Falcon 9 Rocket with the CUDOS genesis file securely housed within the LifeShip capsule on the Firefly Ghost One lunar lander.
  • Tokenization: This mission transcends traditional asset tokenization, turning the CUDOS Mainnet genesis file into a tradable real-world space asset as an NFT.
  • The Medium: There will be a Copernic Space event with select partners at the SpaceX Rocket launch, a live stream watch party for the landing, and a Twitter space for the launch.

A New Era of Space Economy

This groundbreaking collaboration between CUDOS and Copernic Space heralds a new era of innovation at the intersection of blockchain technology and space exploration. The mission exemplifies blockchain’s boundless potential to drive space exploration and ownership innovation.


CUDOS is a leader in blockchain and cloud computing solutions, dedicated to pioneering sustainable and decentralized technology. With a focus on innovation and community, CUDOS empowers technological progress, making strides in blockchain and cloud computing while championing sustainability.

For further information about CUDOS and the 2024 Moon Mission, visit

About Copernic Space

Copernic Space is a pioneering platform and marketplace, bridging the gap between the Earth and space by tokenizing celestial assets. Our innovative approach democratizes space commerce and investments, offering a transparent and efficient marketplace for individuals and organizations to access and trade space assets globally.