[Probability of the Federal Reserve Cutting Rates by 25 Basis Points in December Reaches 85.1%] On November 27, according to CME 'FedWatch' data, the probability of the Federal Reserve cutting rates by 25 basis points in December is 85.1%, while the probability of maintaining the current interest rate is 14.9%.
Click on the link to enter the meeting: https://meeting.tencent.com/p/9309732027 The cryptocurrency market is witnessing a rebound led by Ethereum, with institutional funds pouring in, technological improvements resonating with supply tightening, injecting strong momentum into the sustained rise of ETH. Ethereum (ETH) has recently shown strong rebound momentum, re standing at the key technical level of $3000 and briefly touching $3041, with a intraday increase of over 3%. This rebound occurred at a time when the cryptocurrency market is facing multiple obstacles, making Ethereum one of the most closely watched assets in the current digital currency market. The influx of funds from institutional investors through ETF channels, the increasingly tight supply side, and strong technical indicators have jointly built a solid foundation for Ethereum's current upward trend. 01 Institutional funding assistance The primary driving force behind Ethereum's recent rebound is the massive influx of funds from institutional investors. The latest data shows that Ethereum ETFs have performed well recently, with BlackRock's ETHA fund attracting a net inflow of $92.61 million on November 24th. This strong performance directly reversed the flow of funds for the Ethereum ETF, shifting from an early net outflow to a net inflow of $96.67 million. The participation of institutional funds not only provides direct price support, but also improves market sentiment. As of late November, the asset management scale of Ethereum ETF has climbed to $16.86 billion, accounting for about 3% of the total market value of Ethereum. The positive interaction between institutional level products and underlying assets is forming a positive cycle, attracting more traditional financial market funds to participate in the Ethereum ecosystem. 02 Key technical positions From a technical analysis perspective, Ethereum is currently at a critical inflection point. After regaining the $3000 mark, ETH is facing recent resistance in the $3120-3150 range. If we can successfully break through this resistance zone, the next key target level will be in the range of $3450-3550. In terms of technical indicators, RSI has broken through the 50 line, and MACD has also entered the bullish zone, indicating a positive short-term momentum. More importantly, Ethereum's long-term price trend is testing a multi-year upward triangle formed since 2018, with the $3800 level being the key vertex of this pattern. Analyst Chris MacDonald pointed out that Ethereum is testing the peak of a multi-year upward triangle on its monthly chart. If the price effectively breaks through $3800 and closes above it, it will confirm the maturity of the triangle and release upward potential, with a target price range of $6000 to $8000. 03 Improvement of Supply and Demand Structure The supply and demand fundamentals of Ethereum are undergoing significant improvement, providing structural support for its price. On the one hand, the ETH supply from the exchange continues to flow out. On chain data shows that the ETH balance on the exchange has dropped to only 13.5% of the supply, hitting an eight year low. This sustained supply contraction means that the immediately available ETH for sale in the market is decreasing, and once demand rebounds, it may trigger severe price fluctuations. On the other hand, the accumulation behavior of large investors (often referred to as "whales") has significantly increased. Data shows that two wallets related to institutional investors have recently purchased 58268 ETH (worth approximately $212 million), indicating that financially strong investors are actively investing in Ethereum. At the same time, the confidence of long-term holders is also increasing. The HODLer net position change indicator shows that long-term holders are shifting from passive storage to incremental accumulation, which further reduces market liquidity. Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
[Aave Founder Says UK Considers DeFi Deposits as 'No Gain No Loss'] Aave founder and CEO Stani.eth stated that the UK’s HM Revenue & Customs (HMRC) has released the consultation results on the taxation of DeFi activities. It indicates that when users deposit assets into Aave, the deposits are not considered a disposal for capital gains tax purposes, adopting a 'No Gain No Loss' (NGNL) approach. This is a significant development for UK DeFi users who use cryptocurrency as collateral to borrow stablecoins. Stani.eth mentioned that the Aave Labs team participated in this consultation and supports this tax treatment, hoping that the relevant changes will be incorporated into UK tax law soon.
According to AiCoin's real-time on chain monitoring, from 20:54-20:55 (UTC+8) today, the "Calm Open King" reduced its ZEC holdings by 181 ZEC, with a value of $9 million. As of press time, its ZEC multi position value is $1.52 million, with a floating loss of $1.1 million. Whale Address: 0x9263c1bd29aa87a118242f3fbbba4517037f8cc7a
[California Public Employees' Retirement Fund Holds Approximately $80 Million in MicroStrategy Stock] The California Public Employees' Retirement Fund holds 448,157 shares of Bitcoin treasury company MicroStrategy (NASDAQ: MSTR) stock, with a position value of approximately $80 million.
OKX-ETH/USDT is currently trading at $2997.79, a decrease of 0.16% in 5 minutes. Please pay attention to market fluctuations.