MetaMask Plans to Add Bitcoin Support
- MetaMask Plans to Add Bitcoin Support: MetaMask, a leading cryptocurrency wallet, is planning to add support for Bitcoin (BTC) in addition to Ethereum (ETH) on its platform.
- Metamask Sets Its Sights on Bitcoin: The move to add Bitcoin support has generated excitement in the market, with plans aiming for significant advancements in cryptocurrencies.
- MetaMask’s Overall Outlook: MetaMask's existing Ethereum wallet serves over 30 million active users monthly and bridges decentralized applications and NFTs with the Web3 world.
- History of MetaMask: Created by Consensys, MetaMask was developed by Ethereum co-founder Joe Lubin. The wallet continues to explore new features to enhance usability and security.
- Future Developments: While specific timelines are not confirmed, MetaMask is continuously working on innovations to better serve users in the multi-chain world of web3.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH) As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETH 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 stock.
Support, Resistance & Moving Averages From a structural perspective, ETH 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 $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 734.244 | 1241.022 | 1701.084 | 2207.862 | 2667.924 | 3174.702 | 3634.764 |
| Fibonacci | 1241.022 | 1610.355 | 1838.529 | 2207.862 | 2577.195 | 2805.369 | 3174.702 |
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