Ethereum Transactions Reach One-Year Peak Amid Market Flux
Ethereum Transaction Surge: Ethereum has reached a one-year high in daily transactions, with figures between 1.74 and 1.87 million, driven by increased stablecoin activity and institutional adoption.
Market Impact and Predictions: The surge in transactions has led to a short-term price increase of 2.2%, while analysts predict ongoing effects on Layer 2 solutions and market adjustments due to rising gas fees.
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Technical Analysis for FLUX
Technical Sentiment Analysis for Flux (FLUX). As of , Flux (FLUX) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for FLUX 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, FLUX 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 $-.
Flux (FLUX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0543 | 0.0594 | 0.0643 | 0.0694 | 0.0743 | 0.0794 | 0.0843 |
| Fibonacci | 0.0594 | 0.0632 | 0.0655 | 0.0694 | 0.0732 | 0.0755 | 0.0794 |
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