Low Volume in Ether Futures ETFs
In the first hours of the Ether futures ETF, total volume was less than $2 million. It was a disappointment compared to the volume of ProShare’s Bitcoin futures ETF, which generated “$200 million in the first 15 minutes,” according to Bloomberg.
$21 Million Inflow to Wealth Funds
Last week, digital asset investment products saw inflows totaling USD 21 million for the first time in 6 weeks. Solana continues to shine among altcoins with an entry of 5 million dollars.
FTX Hacker Starts Moving Assets
Yesterday, the hacker transferred 7500 Ether worth 12.6 million. With his transfers a few days ago, he transferred 22500 ETH for a total of 38 million dollars. According to Lookonchain, the hacker holds a total of more than 163000 ETH in various wallets.
Chainlink Launches Technology to End Network Delays
Chainlink launched Data Streams to reduce network latency. According to the company, the main purpose of Data Streams is to provide an alternative and transparent infrastructure to centralized exchanges. Chainlink co-founder Sergey Nazarov said that data flows can rival centralized exchanges by increasing the execution speeds of DeFi protocols and will do so with a fair, transparent, and decentralized infrastructure.
Grayscale Moves to Convert Ethereum Trust into a Spot Ether ETF
Grayscale Investments, in collaboration with NYSE Arca, has filed with the United States Securities and Exchange Commission (SEC) to convert the Grayscale Ethereum Trust into a Spot Ether ETF. Grayscale Ethereum Trust was founded in March 2019 and voluntarily became an SEC reporting company in October 2020. It is currently the world’s largest ETH investment vehicle with approximately $5 billion in assets under management, representing 2.5% of all ETH in circulation.
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BITCOIN(BTC)
Bitcoin is priced at $ 27,590 with a 0.35% gain in value as of today morning hours. After failing to break through 28,500, which is a strong resistance level, it is trying to support the upper part of the horizontal band. At the moment, the 27,500 level is working well as support. With the loss of this level, our first support position seems to be 27.250 and then 26.400. If it exceeds 28,500, we may first see 29,000 and then 29,500 levels.
ETHEREUM(ETH)
ETH, which gained 0.25% as of morning hours, is priced at $ 1666. In Ethereum, we see that the 1700 level was broken with the decline seen in the market and there was a strong retreat after the rise up to 1750. After its decline, we see that the 1640 level is working as support. Our first resistance levels seem to be 1694-1699 range. With the surpassing of these levels, we can see ETH above 1750s again.
RIPPLE(XRP)
As of morning hours, XRP is priced at $0.51, down 0.41%. Ripple, like other products, experienced a strong pullback. The intermediate support zone of 0.5070 is working for the moment. A loss here could push XRP back below the 0.50 level. If it holds above 0.52, we can see 0.55 again.
AVALANCHE(AVAX)
AVAX is pricing at $ 9.27 levels with a 0.43% loss in value as of morning hours. We think that the pullback we have seen in Avax for now is a normal selling move and that Avax could continue to rise if the market can remain strong. After the support at 9.15, if it holds above 9.50, it is likely to continue its rise again. With the loss of the 9.15 level, we can see the 8.80s again.
SOLANA(SOL)
SOL is pricing at 24.15 with a 1.20% gain as of morning hours. While Solana had a very good exit, he was one of those affected by the market correction. The $23 level is working as good support for the moment. With the loss of this place, we can first see $ 22 and then $ 21.50. In the scenario where we are above $24, we can think of breaking the $25 resistance first and then targeting $27.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at 7.603 with a 1.77% gain in value. After the selling pressure at 8.2, it seems to have found its support at 7.25 for the moment. In the loss of 7.2, we are likely to see the 7.00 level first. If we see a move above $8, we can target $8.5, then $8.8.
