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The main Shanghai silver futures contract rose 2.00% intraday, currently trading at 30,333.00 yuan/kg.The White House: More announcements will be made regarding the easing of sanctions on Venezuela.The White House stated that the easing of sanctions against Venezuela applies only to downstream, not upstream, oil production.As of 09:30 Beijing time, WTI crude oil futures fell 0.63% and U.S. natural gas futures fell 1.33%.On January 30th, according to the Shenzhen Power Supply Bureau of China Southern Power Grid, Shenzhens total electricity consumption in 2025 reached 127.215 billion kWh, a year-on-year increase of 4.71%. Specifically, electricity consumption in the secondary industry was 58.927 billion kWh, a year-on-year increase of 2.28%; in the tertiary industry, it was 46.732 billion kWh, a year-on-year increase of 7.24%; and residential electricity consumption was 21.496 billion kWh, a year-on-year increase of 6.20%. The proportions of electricity consumption in the primary, secondary, and tertiary industries, and residential consumption were 0.05%, 46.3%, 36.7%, and 16.9%, respectively, with the proportions of the tertiary industry and residential electricity consumption steadily increasing. In 2025, electricity consumption in the pharmaceutical manufacturing, computer, communication and other electronic equipment manufacturing, and instrumentation manufacturing industries continued to show good growth, increasing by 6.57%, 8.87%, and 9.2% year-on-year, respectively. In 2025, electricity consumption in Shenzhens information transmission, software and information technology services industry and leasing and business services industry increased by 27.07% and 10.68% year-on-year, respectively, indicating that modern service industries, represented by the digital economy, professional services, and business exhibitions, are in a phase of rapid expansion. In 2025, electricity consumption in the citys wholesale and retail sector increased by 20.71% year-on-year. Residential electricity consumption increased by 6.20% year-on-year, indirectly reflecting the improvement in residents living standards and the enhancement of their consumption willingness and ability.

ETH Bulls Should Aim for a Return to $1,280 or Risk a Fall to $1,230

Daniel Rogers

Dec 12, 2022 15:34

Bitcoin (BTC) and ethereum (ETH) closed the day in the red on Sunday, due to a late-day sell-off. BTC and ETH fell due to investor reaction to news of anomalous account behavior on Binance and concern of the Federal Reserve. This morning, there was no improvement in market circumstances. ETH and BTC first tested support levels as investors reacted to the most recent Binance news. On Sunday, Ethereum (ETH) declined by 0.32 percent. ETH closed the week down 1.31% to $1,263, reversing a Saturday gain of 0.32%. ETH dipped below $1,300 for the sixth session in a row.

 

After a range-bound morning, ETH reached a high of $1,285 in the early evening. ETH surpassed the First Major Resistance Level (R1) at $1,280 before falling to an intraday low of $1,256. ETH closed the day at $1,267 after finding support at the First Major Support Level (S1) at $1,257.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

Bitcoin (BTC) decreased by 0.13% on Sunday. BTC concluded the week at $17,110, down 0.10 percent following a Saturday down of 0.02%. Notably, Bitcoin avoided falling below $17,000 for the third session in a row.

 

Following a bullish morning, BTC reached a high of $17,503 in the early evening. BTC breached the day's Major Resistance Levels before tumbling to a low of $17,092. BTC ended the day at $17,110, avoiding the First Major Support Level (S1) at $17,076, albeit avoiding it.