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IntoTheBlock: Approximately 1.7 million Ethereum addresses with holding costs below $3000

2024-08-02 15:37

Odaily Planet Daily News: According to IntoTheBlock data, ETH is once again approaching key support levels, and $3000 is significant for Ethereum. Historically, over 1.7 million addresses have purchased ETH below this level.

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Today 2025-05-04

04:19

Recently, the market sentiment has remained 'greedy', significantly recovering from the 'panic' sentiment in April

BlockBeats news, on May 4th, according to Alternative data, the cryptocurrency panic and greed index was 64 today (65 yesterday), with an average of 61 last week. Market sentiment remained 'greedy', significantly recovering from the April average of 28 'panic' caused by tariff shocks. Note: The threshold for the panic index is 0-100, including indicators such as volatility (25%)+market trading volume (25%)+social media popularity (15%)+market research (15%)+Bitcoin's proportion in the entire market (10%)+Google keyword analysis (10%).

03:56

ETH chip distribution reveals key support, 1-hour cycle may welcome breakthrough opportunities

The current price range has sparse chips, and market volatility may be amplified. Based on the analysis of chip distribution, the recent support level is around 1800, only 1.91% away from the current price, indicating strong short-term support. However, due to the extreme decline in trading volume and the strong wait-and-see sentiment in the market, we need to be vigilant about the effectiveness of price downward support. From the candlestick pattern, a cross star appears in the latest 1-hour cycle, coupled with increased downward momentum in MACD, indicating an urgent need for direction selection. Activate member unlock chip distribution indicators, accurately locate strong and weak support, and seize breakthrough opportunities! 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.

03:11

South Korean media: Presidential election to be held in June, 16 million encrypted voters may affect key election prospects

According to South Korean media Point Daily, the presidential election on June 3 is approaching, and the ruling and opposition parties have reached a consensus on traditional investment related bills. Winning the votes of virtual asset investors will be crucial to winning the presidential election. The estimated number of virtual asset investors in South Korea is 16 million, accounting for about 36% of the total number of voters in the 22nd general election held on April 10 last year (approximately 44.25 million). Candidates from various political parties have put forward policies related to virtual assets. The Common Democratic Party has pledged to advance the Basic Law on Digital Assets, while the National Power Party has proposed seven major policies, including lifting restrictions on institutional investment and allowing ETF trading. Industry insiders say that due to investors' strong demand for policy relaxation, the voting orientation of virtual asset investors will have a significant impact on the election situation.

03:00

Analysis: ETH/BTC is attempting to break through the resistance of the 'bearish parabola', with a technical structure highly similar to that of 2019

According to BlockBeats, on May 4th, Cointelegraph reported that the ETH/BTC exchange rate is approaching the critical level of 0.016- a level that triggered a subsequent 450% surge in ETH/BTC prices in September 2019. The technical structure of the current ETH/BTC exchange rate (approximately 0.019 BTC) is highly similar to that of 2019, with the Relative Strength Index (RSI) in oversold territory and the exchange rate consistently below the key moving average. Ethereum fell by 90% before 2019 due to the collapse of the ICO foam, while it is now down 80% from its peak in 2021. Chart analyst Jimie pointed out that ETH/BTC is attempting to break through the resistance of the "bearish parabola" formed since December 2021. If the breakthrough fails, the exchange rate may drop to 0.016 BTC (bottom of 2019), and if successful, it may initiate a new upward cycle. However, Adam Back, an early developer of Bitcoin, criticized that the Ethereum account system has fundamental design flaws, and the PoS transformation has led to a concentration of power towards large holders. He bluntly said, 'It's better to sell ETH and exchange for Bitcoin before zeroing out.'. This round of Ethereum's decline is mainly due to market doubts about Ethereum's shift towards Proof of Stake (PoS), the rise of competitive public chains, and the increasing dominance of Bitcoin as an institutional asset. In response to challenges, Vitalik Buterin, co-founder of Ethereum, recently proposed a new architecture protocol that aims to achieve Bitcoin level simplicity and maintainability within five years. Analysts believe that this proposal is a significant positive for ETH.

02:05

Elon Musk's Texas Starship Base is registered as an autonomous city "STARBASE"

BlockBeats News: On Saturday, May 4th, residents of Boca Chica, Texas overwhelmingly voted to officially register SpaceX Starship Base as the autonomous city of STARBASE, with the majority of 283 eligible voters in the area being SpaceX employees. STARBASE "is a launch site for a collaborative project between SpaceX, the US Department of Defense, and NASA, with the goal of sending astronauts to the moon and even Mars. Musk retweeted the related tweet and said, 'STARBASE in Texas is now a real city.'.