ETH breaks through the $4600 mark

Member data shows that ETH's current candlestick is in a inverted hammer shape, coupled with a KDJ dead cross and a weakened MACD bar chart momentum, and may rebound to support around $4580 in the short term. The distribution of chips shows that the strong support range is between $4302 and $4320, and the market has accumulated a large number of transactions in this area. If the price falls below $4580, it will accelerate towards $4302. The current shrinking trading volume indicates hesitation between long and short positions, but EMA24 has surpassed EMA52, indicating medium to long-term downward pressure. The membership function accurately captures trend turning points to help you plan ahead. Open a membership and unlock more analysis of key trends and key points! The data is sourced from the PRO member's [ETH/USDT Binance 1-hour] K-line, for reference only, and does not constitute any investment advice.

OKX-BTC/USDT is currently trading at $112007.90, with a 5-minute increase of 0.13%. Please be aware of market fluctuations.

OKX-CRO's current price is $0.2087, with a 24-hour increase of 35.54%. 24-hour transaction volume of 400 million US dollars, an increase of 1177.18%, for reference only

[U.S. Crypto Policy Advancement May Face Resistance from Senator Warner] According to a report by Jinse Finance, U.S. Senator Mark Warner (Democrat, Virginia) may become a major obstacle for the crypto industry in its efforts to secure legal protections for software developers. Warner has expressed concerns about hacking and money laundering issues in the decentralized finance (DeFi) sector and opposes provisions in the "Digital Asset Market Structure Clarification Act" that grant developers legal immunity. Although Warner previously supported the Stablecoin Regulation Act and has been regarded by the industry as a crypto-friendly Democratic senator, his stance on the Senate Banking Committee could impact the progress of the market structure bill. The crypto industry is closely monitoring Warner's position in the latest legislative negotiations to push for the establishment of legal protection barriers for developers.

The current price of ETH is $4575.99, with a 4.76% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 174 million US dollars, with the main liquidation being short orders and ETH liquidation being 69.75 million US dollars (39.95%). The data is for reference only.