Ethereum is close to a breakout, with the price consolidating around the $4,736 resistance level. • Top analyst Ali Martinez predicts that the rise in ETH could break through $4,916 and quickly aim for $5,600. • The US government and whales have recently increased their holdings of Ethereum, currently estimated to total close to $281 million ETH.

According to BlockBeats news on August 18, Bloomberg reported that economist Marc Sumerlin, seen as a potential candidate for the Fed chair, stated that policymakers should significantly cut interest rates next month, but warned that they would have to stop if long-term U.S. Treasury yields rise. Sumerlin is an economist at the management consulting firm Evenflow Macro. Marc Sumerlin indicated that the 4.3% federal funds rate is too high, allowing for a 50 basis point rate cut. He supports a 50 basis point cut due to the inverted yield curve.

DOGE fell by 7.82% to $0.221 under the influence of risk aversion sentiment in the global market, due to the US Producer Price Index data being higher than expected. Technical Analysis shows weakness, with potential further decline to $0.19 unless a Rebound occurs above $0.235.

Nomura: Fed will start to drop interest rates in September, expecting a total drop of 75 basis points.
Jin10 Data, August 13 - Economists at Nomura currently predict that due to a weak labor market and reduced inflation risks, the Fed will begin to drop interest rates in September. In a report, Nomura's economists wrote that the Fed may drop rates by 25 basis points at the September meeting, followed by another drop in December and March of the following year. Although the median expectation among analysts is a 25 basis point drop within the next three months, there are differences among econo

The Reserve Bank of Australia is expected to cut interest rates for the third time this year, but remains cautious about the policy outlook.
Jin10 data reported on August 11 that as inflationary pressures ease, the Reserve Bank of Australia may implement its third interest rate cut of the year this week. However, Chairman Philip Lowe is expected to maintain a cautious stance on the monetary policy outlook. Institutional surveys indicate that traders and most economists expect the Reserve Bank of Australia to lower the cash rate by 25 basis points to 3.6% on Tuesday, bringing the total reductio

The market rebound has brought Bitcoin back above $115K, with positive corporate earnings, favorable regulatory developments, and Apple's $100 billion investment seemingly driving stocks and the crypto market on Wednesday. Bitcoin fell to 112K on Tuesday but appears to have found its rhythm again, subsequently rising back to 115K, which is the level it hovered around for most of the morning. The SEC issued guidance yesterday stating that "liquid staking activities... do not involve the issuance and sale of securities." This has alleviated significant regulatory uncertainty surrounding staking

The market rebound has brought Bitcoin back above $115K, with positive corporate earnings, favorable regulatory developments, and Apple's $100 billion investment seemingly driving Wednesday's stock and crypto market. Bitcoin fell to 112K on Tuesday but appears to have found its rhythm again, subsequently rising to 115K, which is the level it hovered around for most of the morning. The SEC released guidance yesterday, stating that "liquid staking activities... do not involve the issuance and sale of securities." This alleviates significant regulatory uncertainty surrounding the staking of crypt

In July, the on-chain transaction volume of Ethereum exceeded $238 billion, a month-on-month rise of 70%, creating a new high in nearly four years. The number of transactions reached 46.67 million, and the number of active addresses was 17.55 million, both at the highest level since 2021. The price of ETH also rose to $3,700. According to PANews on August 5, The Block reported that the on-chain monthly transaction volume of Ethereum exceeded $238 billion in July, with a month-on-month increase of 70%. This is also the highest monthly transaction volume since December 2021, setting a new high i