Binance to pause deposits and withdrawals of select token networks for Ethereum upgrade

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 07 2025

CELO+3.022%

MANTA-0.214%

ETH+4.626%

Should l Buy CELO?

Binance Network Upgrade Support: Binance will suspend deposits and withdrawals for various token networks, including Ethereum, to support the Ethereum network upgrade and hard fork scheduled for May 7, 2025, at 09:45 (UTC). Trading functions will remain unaffected during this period.
Ethereum Fork Details: The Ethereum Prague fork will introduce several EIPs aimed at enhancing functionality, such as BLS signature verification and improved validator operations, with the mainnet upgrade occurring at block timestamp 'Wed May 07 10:05:11 2025 UTC'.

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Technical Analysis for CELO

Technical Sentiment Analysis for Celo (CELO). As of , Celo (CELO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for CELO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, CELO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Celo (CELO) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0588	0.0652	0.0713	0.0777	0.0838	0.0902	0.0963
Fibonacci	0.0652	0.0699	0.0729	0.0777	0.0824	0.0854	0.0902

About CELO

Celo is a carbon-negative, permissionless, blockchain with a rich ecosystem of global partners building innovative Web3 dapps to support a more inclusive financial system. Accessible to anyone with a mobile phone, the Celo ecosystem consists of a decentralized, proof-of-stake blockchain technology stack (the Celo platform), CELO governance asset, and several Mento stable assets (cUSD, cEUR, cREAL) that allow for real-world users to use digital assets. The open source Celo mainnet launched on Earth Day 2020. The Celo community passed an indicative on-chain governance proposal (temperature check) to have Celo migrate to an Ethereum layer-2. Google Cloud, Deutsche Telekom, Telefonica, and many others run validators on the Celo Platform. Today, the Platform supports 1,000+ projects in over 150 countries are building on Celo to, helping to create the conditions of prosperity for all. For more information, please visit Celo.org.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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