Upbit Partners with Optimism to Develop Ethereum Layer 2 Blockchain
- Independent Chain Infrastructure: Upbit has partnered with Optimism to develop GIWA Chain as an Ethereum Layer 2 blockchain, allowing Upbit to operate its infrastructure independently under the Self Managed OP Enterprise tier, thereby enhancing its competitive edge in blockchain financial services.
- Transaction Control: By operating its own sequencer, Upbit retains control over transaction ordering and fee collection, which not only meets institutional clients' compliance needs but also secures its commercial interests in transaction processing.
- Safety Framework Assurance: The companies signed a memorandum of understanding to establish monitoring systems and a failover sequencer, ensuring service continuity under high user loads, thus reducing operational risks and enhancing user experience.
- Real-Time Remittance System: GIWA Chain has already launched on the testnet and is expected to support a blockchain remittance system in collaboration with Hana Financial Group and POSCO International, which is anticipated to significantly reduce settlement times and costs, fostering long-term partnerships in digital finance.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 5 indicators are flashing buy, while 1 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 crypto.
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 | 2080.095 | 2168.653 | 2246.625 | 2335.183 | 2413.155 | 2501.713 | 2579.685 |
| Fibonacci | 2168.653 | 2232.267 | 2271.568 | 2335.183 | 2398.797 | 2438.098 | 2501.713 |
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