News
Ethereum could not hold above $1450
Feb 2, 2021 Forex News
Today the bulls have once again pushed the price of Ethereum above the resistance level of $1450. However, the price of Ethereum could not stay above this level for a long time. At the time of publication, the price of Ethereum dropped to $1430. During the growth, the capitalization of Ethereum increased to $163.916 billion.
Analysts believe the attempt to raise the price above $1450 was made by members of the Reddit community WallStreetBets, who significantly increased GameStop's share price last week. Then, thanks to the aggressive actions of members of the WallStreetBets community, GameStop shares rose by 1700%.
However, WallStreetBets is not the only catalyst for the rise in Ethereum's price. The DeFi decentralized finance market is capturing ever-increasing capital injections. The DeFi ecosystem is deployed on Ethereum. The value of the funds locked in it stands at just over $28 billion now.
Ryan Selkis, a member of Messari, believes the price of ETH will rise as the DeFi market continues to expand. The more money goes into this ecosystem, the higher the demand will be for both DeFi tokens and the underlying asset of the network, that is, Ethereum.
Market analysts are forecasting long-term rise in the price of Ethereum and predict that the price will still rise above $1450 and fix there.
to other news
All newsDespite the short-term effect of rumors that Amazon was going to accept Bitcoin this year and the subsequent pullback, the BTC/USD pair was able to find support in the area of $36500 and start a new rally. As a result, today the BTC/USD pair was able to rise
Mar 2, 2023 Forex Forecast
Dear clients, Please note that due to Independence Day celebrated in the USA on 4 July 2022 you may experience the following changes: Monday, July 4rdMetal CFDs: trading closes at 21:30. Indices CFDs: Europe 50 (#ESX50): trading closes at 23:00; France 40 (#FCHI): trading closes at 23:00;
Jul 1, 2022 Company News
On March 13th, 2022 TenkoFX will switch its trading servers 1 hour ahead, from GMT +2 to GMT +3. The change will affect all types of TenkoFX trading accounts. In ECN, STP accounts summer time will take effect starting with the market opening on Monday, March 14th, 2022. In Crypto
Mar 10, 2022 Company News
Dear Clients, Please note that due to President’s Day in the US on February 21, 2021, trading hours for some financial instruments will be changed as follows: Spot commodities CFD:Gold (XAUUSD) - trading ends at 21:30;Silver (XAGUSD) - trading ends at 21:30;US Crude (XTIUSD)
Feb 14, 2022 Company News