Survey Reveals Singapore's Retail Investors Value Trust More Than Low Fees
Maturity of Singapore's Crypto Market: A recent survey indicates that Singapore's retail crypto market is maturing, with 61% of finance-savvy investors prioritizing trust in exchanges over lower fees, reflecting a shift towards valuing security and regulatory frameworks.
Long-term Investment Trends: The survey reveals that 58% of respondents identify as long-term holders of crypto, with an average of three tokens per holder, suggesting a disciplined approach to investment and a growing acceptance of cryptocurrency as a mainstream asset.
Education Sources and Confidence Levels: Social media is the primary source of crypto education for 62% of respondents, highlighting both opportunities and risks of misinformation, while confidence in understanding cryptocurrency is split, with 48% feeling confident and 52% not.
Regulatory Landscape: Singapore is recognized for its progressive yet strict regulatory approach to cryptocurrency, having enacted comprehensive regulations and recently tightening rules on local crypto firms' overseas activities, signaling a commitment to maintaining stability in the market.
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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 | 730.549 | 1239.174 | 1697.389 | 2206.014 | 2664.229 | 3172.854 | 3631.069 |
| Fibonacci | 1239.174 | 1608.507 | 1836.681 | 2206.014 | 2575.347 | 2803.521 | 3172.854 |
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