Ethereum Maintains Its Stronghold at $2,750: A Growing Case for Growth
In terms of the US Dollar, Ethereum(ETH) retested the $2,750-2,780 support zone. The price of ETH is recovering, and it needs to break through $3,000 to begin a consistent rise in the short term. After testing the $2,780 level, Ethereum began an upward correction. The price remains below $3,000 and the 100 hourly simple moving average.
For the First Time in History, Polygon (MATIC) Exceeds Ethereum's Daily Active Addresses
Polygon (MATIC), an Ethereum scalability solution and blockchain platform, has reached a significant milestone today. For the first time in history, the total number of daily active addresses on Polygon has topped the total number of daily active addresses on Ethereum.
BTC Holds Above $40,000 as Consolidation Takes Priority
Bitcoin's (BTC) price is solidly in the demand zone above $40,000, bolstered by the 100-day simple moving average. The IOMAP on-chain model reveals massive resistance and support levels, implying that BTC's consolidation will remain longer. The cryptocurrency's flagship appears to be stuck between a rock and a hard place.
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