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A Reuters poll of 28 economists showed that 22 of them expect the Reserve Bank of New Zealand to raise interest rates by 25 basis points on July 8, bringing the rate to 2.50%.A Reuters poll of 26 economists showed that 14 of them expect the Reserve Bank of New Zealand to raise interest rates by another 25 basis points by the end of September, bringing the final rate to 2.75%, following the July monetary policy meeting.Ukrainian President Zelensky: Intelligence indicates once again that Russia is preparing for a new large-scale attack. Please be aware of your safety and be on alert for any air raid warnings.July 6th - Since June, A-share trading activity has continued to increase, with margin financing funds accelerating their participation in the market via ETFs. Wind data shows that as of June 30th, the total margin financing balance of ETFs in Shanghai and Shenzhen reached 116.088 billion yuan, an increase of 5.258 billion yuan compared to the end of May. Semiconductor and communications-themed ETFs have become the focus of margin financing. However, gold ETFs still have the largest margin financing balance, indicating that while leveraged funds are actively positioning themselves for growth opportunities, they are also maintaining a certain level of hedging positions.A senior U.S. official stated that Trump believes the Russia-Ukraine conflict must end as soon as possible, as the frontline fighting has been deadlocked for months. The U.S. is expected to make progress in ending the conflict in Ukraine.

ETH to Target $1,800 on ETH Staking Stats and BTC Return to $25,000

Jimmy Khan

Feb 21, 2023 15:19

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On Sunday, Ethereum (ETH) decreased by 0.71%. After losing 0.12% on Saturday, ETH gained 10.89% for the week to close at $1,680. ETH returned to $1,700 for a fourth session in a row.


Following a range-bound morning, ETH increased to a high of $1,727 in the late afternoon before going back down. Before dropping to a low of $1,667, ETH broke through the First Major Resistance Level (R1) at $1,711. Before partially regaining its footing to close the day at $1,680, ETH briefly breached the First Significant Support Level (S1) at $1,677.


Bitcoin's (BTC) price dropped by 1.42% on Sunday. Bitcoin gained 0.21% on Saturday but lost everything on Sunday, rising 11.53% to $24,284. Bitcoin returned to the $25,000 level for the third time in four sessions despite the negative session.


After a range-bound morning, Bitcoin surged to a high of $25,209 in the late afternoon. Before going backward, BTC passed through the First Major Resistance Level (R1) at $24,857 and the Second Major Resistance Level (R2) at $25,082. Bitcoin dropped to a late low of $24,221 after the reversal. At $24,429, BTC breached the First Significant Support Level (S1), closing the day at $24,284. The downside was mitigated by the Second Significant Support Level (S2) at $24,226.

Shanghai Hard Fork Hope Overpowers Fed Fear

There were no updates from engineers working on the Shapella testnet on Sunday. The lack of quiet on Sunday put ETH on the back foot as the anticipated Shanghai hard fork approached.


Yet, the upside was mitigated by market confidence. Updates from the Shanghai hard fork have been good despite delays to the Ethereum Merge. The recent SEC action against US staking services has put stakeholder opinions on the hard fork to the test.


Since the Kraken settlement with the SEC, ETH staking inflows have been inconsistent, generating doubt about whether the Shanghai hard fork would result in an ETH price breakout.


CryptoQuant reports that daily ETH staking inflows reached a low of 4,896 ETH on February 23 before increasing. The inflows peaked at 33,280 EHT on February 14 before declining. The amount of ETH staked as of February 19 was 16,800 ETH.



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