Ethereum Reclaims $3K, Technicals Suggest More Upsides

newsbtcPubblicato 2022-03-24Pubblicato ultima volta 2022-03-24

Introduzione

Ethereum is moving higher above $3,000 against the US Dollar. ETH price could gain pace if there is a clear move above the $3,080 resistance. Ethereum remained well supported near...

Ethereum is moving higher above $3,000 against the US Dollar. ETH price could gain pace if there is a clear move above the $3,080 resistance.

Ethereum remained well supported near the $2,900 support zone.
The price is now trading above $2,920 and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $2,985 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is consolidating near $3,000 and might extend rally in the near term.

Ethereum Price Eyes More Gains
Ethereum corrected lower below the $2,950 support zone. However, ETH remained supported near the $2,900 zone and the price is still well above the 100 hourly simple moving average.
The price started a fresh increase above the $3,000 resistance. Ether even climbed above the $3,050 level. A high is formed near $3,080 and the price is now consolidating gains. There was a minor drop below the $3,050 level. The price declined below the 23.6% Fib retracement level of the upward move from the $2,926 swing low to $3,080 high.
ETH is now consolidating near $3,000 and is well above the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $2,985 on the hourly chart of ETH/USD.

Source: ETHUSD on TradingView.com
On the upside, an initial resistance is near the $3,065 level. The first major resistance is near the $3,080 level. Ether price must clear the $3,080 resistance level to start another increase. In the stated case, the price may perhaps rise towards the $3,120 level. Any more gains might call for a move towards the $3,250 resistance zone in the coming sessions.
Downside Break in ETH?
If ethereum fails to start a fresh increase above the $3,080 level, it could start a downside correction. An initial support on the downside is near the $3,000 zone.
The next major support is near the $2,980 level and the trend line. A downside break below the $2,980 support zone might push the price further lower. In the stated case, the price might drop to $2,920.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is now losing pace in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 level.
Major Support Level – $2,980
Major Resistance Level – $3,080

Letture associate

Who Funds the Agents?

**Summary: Who Funds AI Agents?** OpenAI recently shut down a feature allowing AI agents to shop for users, highlighting the challenge of creating a secure and regulated environment for agent-driven transactions. While payment infrastructure exists, a crucial governance layer—defining spending limits, fraud detection, tax handling, and return policies—is largely missing. The potential is enormous: AI agents already processed $73M across 176M transactions last year, with McKinsey forecasting this could grow to $3-5T in global consumer commerce by 2030. The core competition isn't just about processing payments, which can be very cheap (especially with crypto-based settlement), but about controlling the rules that govern agent spending. Key players like Stripe and Coinbase are racing to dominate this governance layer. Stripe's acquisition of wallet provider Privy allows it to set spending policies, identity checks, and human-in-the-loop approvals directly at the wallet level. Similarly, Coinbase's stack, including its x402 protocol and AgentKit, embeds governance rules. This vertical integration across settlement, wallet, and governance layers is becoming the dominant strategy. Control over the governance layer is where significant future value lies. If agents handle trillions in transactions, even a small fee for managing compliance, fraud prevention, and policy enforcement could generate billions in annual revenue. The companies that successfully integrate across the payment stack will capture value from idle agent balances, transaction fees, and governance services, positioning themselves as the foundational banks of the AI agent economy.

marsbit5 min fa

marsbit5 min fa

Solana Price Struggles Below $100, But This Level Changes Everything

Solana (SOL) has broken below a critical historical support level, which previously triggered its 2022-2023 bull run. With SOL struggling below $100, analyst Crypto Tice outlines two potential scenarios. If SOL reclaims the lost level, it could reignite bullish momentum toward $250. However, if the breakdown is sustained, the price risks falling to new lows. Another analyst, Crypto Patel, notes SOL has printed eight consecutive red monthly candles, a first in its history. He suggests a potential sharp rebound to the $500-$1,000 range could follow after a potential ninth red candle forms a bottom. SOL is currently trading near $75.

bitcoinist21 min fa

Solana Price Struggles Below $100, But This Level Changes Everything

bitcoinist21 min fa

A Nation Blocks Chips, a Giant Buys a Nuclear Power Plant: Why It's Time to Seriously Consider DeAI

**Title: Great Powers Blockade Chips, Giants Buy Nuclear Plants: Why It's Time to Seriously Consider DeAI** In May 2026, the US closed loopholes for Chinese firms to acquire advanced NVIDIA chips via overseas subsidiaries. That same month, Kenya halted a $1B geothermal data center project involving Microsoft, fearing its immense energy consumption. Meanwhile, Huawei announced mass production of its Ascend AI chip. These disparate events underscore a new reality: the competition for computing power ("compute") has escalated beyond the tech industry, becoming a geopolitical and infrastructural battleground. A new era of oligopoly is forming, with control over the AI stack—from GPU chips (NVIDIA) and cloud platforms (AWS, Azure, Google Cloud) to foundational models (OpenAI, Anthropic)—concentrating in a few Western "AI Octopus" corporations. This centralization creates systemic risks: pricing power and platform lock-in for users, infrastructure fragility, and a widening "compute divide" that threatens to marginalize nations without independent AI capacity. An "AI Iron Curtain" is deepening through export controls. In response, some nations like Saudi Arabia and the UAE are investing heavily to buy compute power, aiming to transition from oil to AI economies. The EU seeks to triple its compute capacity by 2030 to reduce dependency. However, the spending gap is vast, with four US tech giants alone planning ~$750B in AI capex for 2026. The race is increasingly constrained by energy, with AI tasks consuming up to 1000x more power than web searches, pushing firms to even acquire nuclear plants. This landscape is fueling interest in Decentralized AI (DeAI). It proposes a third way: using open protocols to coordinate a global network of idle GPUs, independent developers, and data centers, creating an AI infrastructure without a single controlling entity. Leveraging blockchain and cryptographic verification, DeAI aims to break market concentration, disperse energy demands, reduce geopolitical dependencies, and enhance transparency. While still nascent in performance and stability, DeAI's core promise is not immediate superiority but providing a crucial alternative architecture to resist monopoly, censorship, and centralized power. As specialized AI hardware costs fall and open-source models flourish, the window to build this foundation is open. The very existence of such competition serves as a vital check against the inevitable abuse of concentrated power.

marsbit1 h fa

A Nation Blocks Chips, a Giant Buys a Nuclear Power Plant: Why It's Time to Seriously Consider DeAI

marsbit1 h fa

Outpoll Review: A Prediction Market Platform Built for Active Traders

Outpoll Review: A Prediction Market Platform Built for Active Traders In recent years, prediction markets have grown from a niche sector to a mainstream arena, attracting billions in trading volume and institutional capital. However, the user experience and tools for traders have not kept pace. Outpoll, a new global prediction market platform, aims to fill this gap by providing enhanced trading infrastructure for active and professional traders. Built on standard prediction market principles, Outpoll allows users to trade on the outcome of specific events. It uses fully collateralized contracts with USDC settlement, charges a competitive 0.1% fee per trade, and provides clear settlement rules upfront to minimize disputes. A key focus for Outpoll is its professional-grade trading tools. The platform supports limit and market orders, as well as take-profit and stop-loss orders for open positions—features uncommon in prediction markets. For automated trading, Outpoll offers comprehensive REST and WebSocket APIs, enabling portfolio management, price arbitrage, and integration with existing tools. The platform also features a creator-led market model, where approved experts and community leaders can create and manage markets for niche topics under platform supervision. Its integrated interface combines news feeds directly with trading functions, allowing users to monitor events and manage positions seamlessly. Outpoll launched with a native Android app (available on Google Play) and plans an iOS version later this year. In summary, Outpoll distinguishes itself with trader-focused tools, practical APIs, transparent and collateralized markets, integrated news, and an expanding creator program. For active traders, its advanced order types and API access alone make it a platform worth watching. Outpoll is now globally accessible via outpoll.com and Google Play.

marsbit1 h fa

Market Expert Reveals Why Ethereum Is A Better Bet Than Solana

A market analyst argues that Ethereum (ETH) is a better long-term investment than Solana (SOL) despite recent price declines for both. While acknowledging Ethereum's weak price structure, falling network fees, and Solana's rapid growth in application fees, the analyst highlights key bullish factors for ETH. These include Ethereum's dominant share of on-chain stablecoin value (approximately $161.8 billion, or 50.7% of the total) and growing institutional interest, exemplified by BlackRock's recent filing for ERC-20 products on the Ethereum blockchain. The analyst projects that if the stablecoin market grows to $3 trillion by 2030 as forecasted, and Ethereum maintains its significant market share, over $1.5 trillion in value could be anchored to its network. This potential, coupled with the prospect of institutional asset tokenization, supports bullish long-term scenarios for Ethereum's market cap, ranging from 400% to 2,400% growth by 2029.

bitcoinist1 h fa

Market Expert Reveals Why Ethereum Is A Better Bet Than Solana

bitcoinist1 h fa

Trading

Spot

Futures