U.S. June ISM Inventory Index

Understanding Node in #crypto : Nodes are essential for keeping a cryptocurrency network running. Learn more with #Gateio 👇️

Good News From The Trillion-Dollar Giant For Ethereum Fidelity has added a "staking" section to its spot Ethereum ETF file. ETH may attract more attention to the ETF due to staking income. In terms of price potential, ETH is more promising. While the majority of cryptocurrency investors are burying their heads in meme-coins that are useless, big things are happening. For Ethereum, we have been talking about the significant consequences of ETF applications for a long time. This isn't just the opening of access to the largest altcoin in traditional markets, it's a huge step. Ethereum Last Minute According to the previous announcement, a staking section has been added to Fidelity's spot Ethereum ETF application. Accordingly, the ETF issuer will also be able to run nodes with client assets and earn up to 5% annual ETH earnings. When this is distributed to customers, the business turns into something completely different. The Ethereum ETF is much more attractive than Bitcoin, and most investors have not grasped this. It is likely that by the time the market clearly understands this, the ETH price will not be here. Or the SEC will definitely reject the applications, and all these will go down in history as overly optimistic scenarios. Why is Ethereum ETF better? It gives up to 5% annual earnings in ETF terms. For ETF investors, this is a huge deal. The Ethereum ecosystem continues to grow, and Ethereum is described as the computer of the internet. Judging by the market capitalization, there is more room for growth for ETH price. ETH has yet to approach its ATH level. The RWA space is expected to reach a market capitalization of up to $5 trillion, and major financial institutions are conducting most of their asset tokenization experiments on the Ethereum network. The Ethereum ecosystem is far ahead of all other alternatives in terms of its value locked in the network and many other aspects. #ContentStar #Gate post Highlights #HotTopicDiscussion #BountyCreator #GateLive #NewsMessenger

📆 Flash News 14/05/2024 1️⃣Etherscan data shows Ethereum gas fees down to 3 gwei. 2️⃣CoinShares report indicates inflows into digital asset investment products totaled $130M last week. 3️⃣9 ETFs collectively sold 866 BTC yesterday, equivalent to around $54.85M. 4️⃣EigenLayer has launched the Awesome AVS information repository and Gate.io initiated pre-trading for EIGEN. 5️⃣BounceBit mainnet is live, introducing node staking and delegation, and Gate.io started BB/USDT trading yesterday.

#Will Dencun upgrade bring a strong ETH performance? PEOPLE price set to undo 80% gains, hints at double-digit correction PEOPLE price shows signs of exhaustion after rallying 81% in under 48 hours. The bearish divergence can be clearly spotted on the RSI and AO indices, which hints at a trend reversal. Investors can expect an 18% correction into the low volume node at $0.0354. A flip of the supply zone’s upper limit at $0.04471 will invalidate the bearish outlook. ConstitutionDAO (PEOPLE) price is hovering above a critical support level, a breakdown of which could kickstart a selling spree. PEOPLE price could shed 18% in search of a stable support level. PEOPLE price correction is likely PEOPLE price inflated by a whopping 81% in under 48 hours and set up a local top of $0.0466. During this explosive rally, ConstitutionDAO set up three higher highs, but the Relative Strength Index (RSI) and Awesome Oscillator (AO) produced lower highs. This non-conformity is termed bearish divergence, and it forecasts a trend reversal for the underlying asset. With that in mind, if PEOPLE price breaches the $0.0421 support level, it will serve as a confirmation of this bearish outlook. In such a case, the altcoin could trigger a 15% correction to $0.0354, which is the low-volume node of the recent upswing. In some cases, PEOPLE price could dip as low as $0.0328, which is the point of control of the recent 81% rally. While the bearish outlook is justified considering the bearish momentum indicators, investors should note that PEOPLE price could bounce the support level at $0.0370. This barrier is a key area since it nearly coincides with the inclining trend line. A subsequent rally that produces a higher high above the previous local top of $0.0466 will invalidate the bearish thesis. This development could see PEOPLE price attempt a 7% rally to tag the $0.050 psychological level.

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