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TL; DR faultEthereum Price Analysis SupportShort ETH/USD resistance level at $2005ETH's support level is at $1928,Join us, official account: Chen is bad, not badRecent Ethereum price analysis shows that in the recent downward trend, bears can push prices below $2000. Due to the price falling again during the day, bears dominated the price chart. At present, its closing price is 1953 US dollars, and it is expected to drop to a lower level in the next few hours.Cryptocurrency price heatmap: Coin360The downward trend is expected to continue in the future, while the broader cryptocurrency market indicates a downward trend. However, bulls can still provide some support at $1928 by resisting bearish pressure and helping tokens find stability. At present, the resistance of the ETH/USD currency pair is at the 2005 US dollar level, which was breached a few hours ago. However, bears have taken over and may prevent prices from exceeding this level in the short term.Ethereum price analysis 1-day price chart: bearish pressure still suppresses price functionLooking at the 1-day price chart of Ethereum's price analysis, it is shown that due to the increasing bearish trend, prices have steadily declined. Short and long positions are in a tug of war, and currently, short positions have managed to keep prices below $2000. The current market trading volume is as low as $12 billion, which has led to a price drop and a market value of $235 billion.ETH/USD1 daily price trend chart: TradeViewThe technical indicators of Ethereum price analysis are still bearish, indicating that bears will continue to dominate the market in the coming hours. The MACD indicator is still in a bearish position, indicating that the selling pressure on the ETH/USD currency pair is still high. Similarly, the RSI index has dropped to 64.43, indicating that market sentiment is bearish. The moving average indicator for the 1-day price chart is $2034, but it is not expected to break through soon.Ethereum Price Analysis: Recent Developments and Further Technical IndicatorsThe 4-hour Ethereum price analysis shows signs of bearish activity as prices decline to a significant level. The price is currently at the $1953 mark and is expected to go even lower in the coming period. The 4-hour chart shows bearish signs in technical indicators, with the MACD line located below the signal line, indicating bearish momentum.ETH/USD 4-hour price trend chart: TradeViewThe score of the Relative strength index (RSI) declined, but it was in an oversold area of 32.28, indicating more bearish sentiment in the future. The moving average (MA) value is still at $1989, but the MA50 and SMA20 lines are moving south, indicating that the bearish trend may also continue in the near future.Ethereum Price Analysis Conclusion 2,000 ETH's support level is at $1928, 2,005

After the daily candlestick closed above $29.3k on Thursday, Bitcoin prices ensured a bullish outlook

The Hong Kong Securities Regulatory Commission will introduce a mandatory virtual asset trading platform (VASP) licensing system starting from June 1 this year, and plans to open up retail investors to invest in virtual assets. The Hong Kong Securities Regulatory Commission recently stated that it will release licensing guidelines for virtual asset trading platforms next month.After the formal implementation of the new virtual asset platform licensing system, all virtual asset exchanges operating in Hong Kong or promoting services to Hong Kong investors, regardless of whether they provide securities based token trading services, must obtain licensing from the Hong Kong Securities Regulatory Commission and be subject to its supervision.Conducting any unlicensed activities is a criminal offense.On April 26th, the Chief Executive of the Hong Kong Securities Regulatory Commission, Leung Fung yi, stated during an event that it is expected to introduce licensing guidelines for virtual asset trading platforms in May. During the previous consultation process, more than 150 feedback opinions were received.The main suggestion of consultation is to open up licensed platforms to provide services to retail investors. Zhitong Finance has learned that according to previous policies, platform operators can only provide services to professional investors with a funding threshold of up to HKD 8 million, and ensure that their customers fully understand virtual assets. In addition, licensed platforms will be included in the regulatory sandbox of the China Securities Regulatory Commission and will be subject to close and rigorous supervision for a period of time.On December 16, last year, the ETF based on Bitcoin and Ethereum futures launched by Southern Dongying Asset Management Co., Ltd. was officially listed on the Hong Kong Stock Exchange, marking Hong Kong becoming the world's first market to provide Ethereum futures ETF and the first market in Asia to provide Bitcoin futures ETF. Under the latest proposed trading platform system, retail investors can directly participate in Bitcoin and Ethereum trading on regulated platforms in the future.In fact, the licensing procedures for virtual asset transactions in Hong Kong have always been very strict. Under the existing system, only two encryption platforms are licensed - OSL (OSL DigitalSecurities Limited) and HashKey (HashBlockchain Limited).(Image source: Hong Kong Securities Regulatory Commission)According to media reports,Huo Coin, OKEXBoth parties have expressed their intention to apply for an exchange license in Hong Kong and have established an office in Hong Kong.Additionally, the Singapore basedDBS Silverthat 's okIt also stated its intention to apply for relevant licenses in Hong Kong to provide cryptocurrency services to local customers.that 's ok12 month transition period arrangementThe Hong Kong Securities and Futures Commission stated that considering that platform operators licensed under the Securities and Futures Ordinance may need to modify their systems and monitoring measures to comply with the new regulations, a transition period of 12 months has been proposed.The China Securities Regulatory Commission stated that, Anyone who engages in the business of providing virtual asset services or shows that they operate the business must apply for a license from the Securities and Futures Commission. The existing virtual asset trading platform has been provided as a licensed arrangement, so that they can continue to operate in Hong Kong after the implementation of the virtual asset service provider system under the Anti Money Laundering Ordinance. It must be within the period from June 1, 2023 to February 29, 2024, in accordance with the Anti Money Laundering Ordinance The virtual asset service provider system under is to submit fully completed license applications online. If the SFC considers that the relevant license application meets the conditions for licensing, the virtual asset trading platform will automatically be deemed to have been licensed from June 1, 2024 This passage may sound quite convoluted, but to put it bluntly, the two companies that have already been licensed need to comply with the new regulatory requirements within the prescribed transition period.As for the original virtual asset trading platform, if it has no intention of applying for a license, it should start preparing to end its business in Hong Kong in an orderly manner, with a deadline of May 31, 2024.Fierce business of virtual insurance companiesAccording to the consultation document of the Hong Kong Certificate Authority,The platform that applies for a license must insure the customer's assets.Liang Fengyi also told the media that the Hong Kong Securities Regulatory Commission is in discussions with the Insurance Regulatory AuthorityThe cost of purchasing insurance for customer assetsOther matters.OneDegree Group

At present, when entering the Twitter homepage website, the iconic Blue Bird logo in the middle has been replaced with the Dog Coin logo. Musk also tweeted with a meme that the Twitter Blue Bird logo is already an old photo

Recently launched: PolygonzkEVM; Coming soon: Shanghai upgraded version.DOGE is priced at $0

Dogecoin is a cryptocurrency that started as a joke, and its value soared by over 30% after Twitter changed its logo to the Dogecoin symbol. The value of dog coins has risen to $0

Yesterday's K-line chart showed a negative line with a long shadow, and today's market is mainly bullish. However, today's market progress is slow and there have been no major points

On October 8th, IT Home reported that in the early morning of October 7th Beijing time, the smart contract platform BNBChain suffered two consecutive (2:26, 4:43) hacker attacks, washing out 2 million BNB coins in just 2 hours. This currency alone reached $566 million, and with other virtual assets, it could reach $718 million

#The second phase of the "Flash Moment" themed essay#Today's theme: "Trust"preface:The concept of blockchain has become popular, with Bitcoin increasing by over 36% in 24 hours. As is well known, due to the high volatility of Bitcoin, many celebrities are not optimistic

On July 12th, Coin An announced that "the Coin An team will give up their BNB share and join the BNB destruction plan." Many investors understood this as a significant reduction in the circulation of Coin An Ping Taiwan Dollar BNB, and BNB prices rose in response

Coinance, the world's largest cryptocurrency exchange, has malfunctioned and its spot order book data has not been updated for a long time. Coin An stated on its social media platform that there is an issue affecting Binance's spot trading

In the past week, the encryption market has significantly slowed down, affecting the digital assets in this field. However, although such periods may disappoint investors, they also provide a unique opportunity to enter the market at low and favorable prices before the next round of gains. Therefore, here are the top 5 tokens accumulated before the next bull market.Bitcoin (BTC)Bitcoin (BTC)