Weekly Report on Major Blockchain Ecosystems
- Ethereum Liquidity Decline: Ethereum's total value locked (TVL) fell from $46.09 billion to $44.07 billion, indicating weakened investor confidence and potential capital outflows that could impact its competitiveness in the DeFi space.
- Solana Derivatives Surge: Solana's perpetual futures trading volume peaked at $5.29 billion on May 15, despite its token market cap declining from $55.7 billion to nearly $50 billion, highlighting increased market volatility and the need for cautious investor positioning.
- Stable BSC Performance: BSC Chain's TVL remained stable between $5.54 billion and $5.70 billion, with an average daily transaction count of approximately 15 million, indicating sustained retail engagement and DeFi application usage, although trading activity weakened towards the weekend.
- TRON's Exceptional Stability: TRON maintained a stablecoin market cap consistently above $90 billion, with daily transaction counts exceeding 11 million, reinforcing its dominance in payment and stablecoin settlement activities, despite relatively modest DEX trading volumes.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 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 | 1825.202 | 1917.251 | 2014.042 | 2106.091 | 2202.882 | 2294.931 | 2391.722 |
| Fibonacci | 1917.251 | 1989.388 | 2033.954 | 2106.091 | 2178.228 | 2222.794 | 2294.931 |
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