ETH breaks through the $3900 mark

The 4-hour cycle shows that the ETH price continues to run below EMA24 and EMA52, and member indicators have detected that trading volume has continuously shrunk to 27% of the average level, indicating a significant decrease in market buying willingness. At the same time, the convergence of the KDJ indicator suggests that the current downward momentum may weaken, but the distribution of chips shows that a strong resistance band is formed in the area of 4128-4105 above, and caution should be exercised against further price declines. The current 3827-3804 area is a key support, and if it cannot effectively stabilize, further downward testing may occur. The membership function accurately captures the main flow of funds and helps you plan ahead. Activate membership now to access key trends and precise location analysis! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.

[European Central Bank President Calls for Establishing Local Digital Asset Market] European Central Bank President Piero Cipollone stated that Europe needs to establish its own digital asset market to maintain financial stability. He supports the use of the digital euro for daily payments and warns that deposit flows toward foreign tokens could weaken banks and monetary policy. He also mentioned that although stablecoins facilitate cross-border payments, Europe already provides fast and secure central bank fund transfer services.

[UK Tax Authority Sends 65,000 Letters to Crypto Tax Defaulters] According to the Financial Times, the UK tax authority has sent approximately 65,000 reminder letters to individuals suspected of owing cryptocurrency taxes, more than double the number compared to last year. The UK stipulates that the sale, exchange, or consumption of cryptocurrencies is generally subject to capital gains tax, while staking rewards and airdrops are considered income and subject to taxation.

OKX-ETH/USDT is currently trading at $3900.78, with a 0.08% increase in 5 minutes. Please be aware of market fluctuations.

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