Ethereum price started a fresh increase above $3,350. ETH is now correcting 
gains from $3,450 and might decline further below $3,200. Ethereum started a 
downside correction from the $3,450 zone. The price is trading near $3,200 and 
the 100-hourly Simple Moving Average. There was a break below a bullish trend 
line with support at $3,240 on the hourly chart of ETH/USD (data feed via 
Kraken). The pair could continue to move down if it settles below the $3,200 
zone. Ethereum Price Declines Heavily Ethereum price managed to stay above 
$3,200 and started a fresh increase, beating Bitcoin. ETH price gained 
strength for a move above the $3,320 and $3,350 resistance levels. The bulls 
even pushed the price above $3,400. However, the bears were active below 
$3,450. A high was formed at $3,448 and the price is now correcting gains. 
There was a sharp decline below the 23.6% Fib retracement level of the upward 
wave from the $2,914 swing low to the $3,448 low. Besides, there was a break 
below a bullish trend line with support at $3,240 on the hourly chart of 
ETH/USD. Ethereum price is now trading near $3,200 and the 100-hourly Simple 
Moving Average. If there is another upward move, the price could face 
resistance near the $3,250 level. The next key resistance is near the $3,300 
level. The first major resistance is near the $3,320 level. A clear move above 
the $3,320 resistance might send the price toward the $3,400 resistance. An 
upside break above the $3,400 region might call for more gains in the coming 
days. In the stated case, Ether could rise toward the $3,450 resistance zone 
or even $3,500 in the near term. More Losses In ETH? If Ethereum fails to 
clear the $3,250 resistance, it could start a fresh decline. Initial support 
on the downside is near the $3,200 level. The first major support sits near 
the $3,180 zone and the 50% Fib retracement level of the upward wave from the 
$2,914 swing low to the $3,448 low. A clear move below the $3,180 support 
might push the price toward the $3,150 support. Any more losses might send the 
price toward the $3,050 region. The next key support sits at $3,000. Technical 
Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the 
bearish zone. Hourly RSI &#8211; The RSI for ETH/USD is now below the 50 zone. Major 
Support Level – $3,180 Major Resistance Level – $3,300

Ethereum Price Retreats From Resistance—Is a Trend Reversal Starting?

Gemini has received approval for prediction markets in the U.S., with GEMI 
stock jumping after the news. Gemini has secured approval for a Designated 
Contract Market license, clearing the way for the exchange to bring regulated 
prediction markets to U.S.…

Gemini wins CFTC approval for prediction markets

On-chain data shows the Solana Realized Profit/Loss Ratio has dipped into the 
loss-taking zone recently, a sign that SOL liquidity has thinned. Solana 
Liquidity Back At Levels Associated With Bear Markets According to data from 
on-chain analytics firm Glassnode, Solana liquidity has recently contracted to 
levels that are typically witnessed in a bear market. There are many ways 
&#8220;liquidity&#8221; of a cryptocurrency can be assessed, but here, Glassnode has used 
the Realized Profit/Loss Ratio. Related Reading: Bitcoin In An Opportunity 
Zone? Hash Ribbons Flash New Buy Signal This indicator measures, as its name 
already implies, the ratio between the amount of profit and loss that the SOL 
investors as a whole are realizing through their transactions. The metric 
works by going through the transaction history of each coin being sold on the 
network to see what price it was last moved at. If the previous transaction 
price was less than the latest selling price for any token, then the indicator 
considers its sale to have realized a net gain. Similarly, the metric adds 
transactions to the loss-taking category in the opposite case. The exact 
amount of profit or loss realized in any transfer is naturally equal to the 
difference between the latest price and last selling value. The indicator adds 
up this value for both categories and determines the ratio. Now, here is the 
chart shared by the analytics firm that shows the trend in the 30-day moving 
average (MA) of the Solana Realized Profit/Loss over the last few years: As 
displayed in the above graph, the Solana Realized Profit/Loss witnessed a 
sharp spike during the price rally in September. This suggests that profit 
taking saw an explosion. The indicator maintained at high levels for a while, 
but following the price peak in October, its value went downhill fast. In 
November, the Realized Profit/Loss breached below the 1 mark as SOL plummeted. 
A value less than 1 on the metric implies loss realization is outpacing profit 
taking. Since this breakdown, the indicator has only gone lower inside the 
loss-taking region, a sign investor capitulation has only been becoming more 
dominant. Glassnode has noted that the trend signals &#8220;liquidity has contracted 
back to levels typically seen in deep bear markets.&#8221; During the 2022 bear 
market, Solana remained in these conditions for a few months before its price 
found a bottom. Related Reading: Bitcoin Speculation Muted: Glassnode Analyst 
Calls Perps A ‘Ghost Town’ It now remains to be seen whether the low liquidity 
will also persist for the cryptocurrency this time, or if the fall into the 
loss region is only a temporary one for the indicator. SOL Price Solana surged 
to $144 on Tuesday, but the coin has seen a fall back to $138. Featured image 
from Dall-E, Glassnode.com, chart from TradingView.com

Solana Enters Bear Territory: Realized Loss Now Outweighs Profit

Bitcoin price failed to continue higher above $94,000. BTC is now gaining 
bearish pace and might decline further below $89,500. Bitcoin started a 
downside correction from the $94,500 zone. The price is trading below $92,000 
and the 100 hourly Simple moving average. There was a break below a bullish 
trend line with support at $91,600 on the hourly chart of the BTC/USD pair 
(data feed from Kraken). The pair might continue to move down if it settles 
below the $89,500 zone. Bitcoin Price Dips Again Bitcoin price failed to gain 
strength for a move above the $94,000 and $94,500 levels. BTC started a 
downside correction and traded below the $92,000 support. There was a clear 
move below the 50% Fib retracement level of the upward move from the $87,777 
swing low to the $94,583 high. Besides, there was a break below a bullish 
trend line with support at $91,600 on the hourly chart of the BTC/USD pair. 
Bitcoin is now trading below $91,200 and the 100 hourly Simple moving average. 
The price is now approaching the $89,500 support, and the 76.4% Fib 
retracement level of the upward move from the $87,777 swing low to the $94,583 
high. If the bulls remain in action, the price could attempt another increase. 
Immediate resistance is near the $91,200 level. The first key resistance is 
near the $91,500 level. The next resistance could be $92,000. A close above 
the $92,000 resistance might send the price further higher. In the stated 
case, the price could rise and test the $92,850 resistance. Any more gains 
might send the price toward the $93,500 level. The next barrier for the bulls 
could be $94,000 and $94,500. More Losses In BTC? If Bitcoin fails to rise 
above the $92,000 resistance zone, it could start another decline. Immediate 
support is near the $89,500 level. The first major support is near the $88,800 
level. The next support is now near the $87,750 zone. Any more losses might 
send the price toward the $86,500 support in the near term. The main support 
sits at $85,000, below which BTC might accelerate lower in the near term. 
Technical indicators: Hourly MACD – The MACD is now gaining pace in the 
bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is 
now below the 50 level. Major Support Levels – $89,500, followed by $88,800. 
Major Resistance Levels – $91,200 and $92,000.

Bitcoin Price Slides From Peak Levels—Is a Bigger Correction on Deck?

The initiative could significantly enhance public understanding and academic 
research on Bitcoin, ensuring its historical and technical legacy endures.
The post Satoshi Nakamoto Institute launches fundraising for Bitcoin Library 
appeared first on Crypto Briefing.

Cryptocurrency price in VEF