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Bitcoin is above $44,000, Ethereum has exceeded $3,000 — what is happening?

Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Bitcoin is above $44,000, Ethereum has exceeded $3,000 — what is happening?

On Saturday, the value of bitcoin exceeded the $44,000 mark.

Ethereum rose above $3000 for the first time since May 19.

The number of transactions in the bitcoin network reached a 2-year low, which was observed in January 2019, when BTC was approaching the end of a protracted downtrend and was worth about $3000. This may indicate that bitcoin is ready for growth. The Dormancy Flow indicator also confirms the formation of the bottom and indicates that the market is clearing from newcomers.

Against the background of the growth of BTC - bitcoin whales are moving huge volumes of coins. The analytical platform and blockchain tracker Whale Alert reports that nine large transactions have been made recently. In total, 111,292 BTC were moved, and each of the transactions contained more than 10,000 coins, writes freedmanclub.

The analytical platform Santiment also reports that whales continue to increase their BTC reserves. According to the service, the number of users who own from 100 to 10,000 BTC has increased sharply since June. Thanks to this, whales have accumulated almost half of the total bitcoin supply.

The head of Tesla, Elon Musk, urged lawmakers not to make hasty decisions regarding the taxation of cryptocurrencies, which are provided for by the infrastructure bill currently under consideration in the US Senate.

This week, the London update took place on the Ethereum network, along with which a mechanism for burning ETH coins paid as commissions was introduced. According to the Etherchain portal, since the launch of the update on Thursday, more than 8,700 ETH has already been burned.

According to Ultrasound Money, the most active burning of ETH occurs in the OpenSea NFT marketplace and on the Uniswap decentralized exchange — they account for more than a thousand coins withdrawn from circulation. The interest in non-exchangeable tokens (NFT) also supports the demand for ETH.

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Forex Signals for EUR/USD, GBP/USD and USD/CAD on 04/10/2022
EUR/USD, currency, GBP/USD, currency, USD/CAD, currency, Forex Signals for EUR/USD, GBP/USD and USD/CAD on 04/10/2022  EUR/USD SignalsThe EUR/USD pair is trading within the ascending price channel on the hourly chart. I recommend opening long positions in case of breakdown of resistance at 0.9888 at the end of the hour with the aim of going up to resistance at 0.9934-0.9978. Stop below 0.9840.I recommend to open short positions after breakdown of support at the level of 0.9847 with the aim to go down to support at the level of 0.9806-0.9760. Stop above 0.9915. GBP/USD SignalsOn the basis of technical modeling on pair GBP/USD the forecast of the further movement was formed and the average urgency predisposes to decrease.In this technical situation pound can be sold from the level of 1.1389 and you can also put a pending sell order at 1.1465 for the purpose of reducing to the support area at 1.0864-1.0610, a stop in this strategy can be placed at the level of 1.1510.If we gain a profit of 30 pips or more we fix 50% of the position, and place the rest of the profit at no-loss. If this forecast for GBP/USD coincides with your opinion, then you should feel free to use this strategy.USD/CAD SignalsUSD/CAD is trading in a downtrend on the 4-hour chart. It shows that USD/CAD is trading below the 55 moving average on the 4h chart (level 1.3703), which will lower the price in the short term. I recommend to work on this pair from sales on the basis of the existing wave model.The signal for long position opening will be a break-down of resistance at 1.3662 with the aim to go up to the resistance level of 1.3719 and in case of its break-down at the end of the hour to 1.3776. Stolploss may be placed at the level of 1.3556.The signal for the opening of a short position is a breakdown of support at 1.3591 to 1.3510, and in case it is broken through 1.3442. Stolploss for this strategy can be placed at the level of 1.3675.Taking into account that the moving average and the location of the technical figure boundaries move over time, it is necessary to make corrections in their positions on the hourly chart. I also recommend opening positions by the end of the hour to avoid false breakouts. If you are interested in USD/CAD analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest USD/CAD forecasts and signals contain support and resistance levels, as well as stop-loss levels. 
Oct 04, 2022 Read
Forex Signals for EUR/USD, GBP/USD and USD/CAD on 03/10/2022
EUR/USD, currency, GBP/USD, currency, USD/CAD, currency, Forex Signals for EUR/USD, GBP/USD and USD/CAD on 03/10/2022  Signals EUR/USDThe EUR/USD pair is trading within the ascending price channel on the hourly chart. I recommend opening long positions in case of breakdown of resistance at 0.9848 with the aim of going up to resistance at 0.9888-0.9934. Stop below 0.9770.I recommend opening short positions after breakdown of support at 0.9783 with the aim to go down to support at 0.9741-0.9697. Stop above 0.9865. Signals GBP/USDOn the basis of technical modeling on pair pound/dollar the forecast of the further movement was formed and the average urgency predisposes to decrease.In the given technical situation pound can be sold from the level of 1.1172 and also it is possible to expose the pending sell order at the level of 1.1244 with the purpose of decrease in the support area at the level of 1.0826-1.0293, the stop at this strategy can be placed at the level of 1.1430.If we gain a profit of 30 pips or more we fix 50% of the position, and place the rest of the profit at no-loss. If this forecast for the GBP/USD pair coincides with your opinion, then you can safely use this strategy.Signals USD/CADUSD/CAD is trading in an uptrend on the 4-hour chart. It shows that the USD/CAD rate is trading above the 55-period moving average on the hourly chart (1.3720 level), which generally contributes to the price increase in the short term. I recommend to work on this pair from sales on the basis of the existing wave model.Breaking through resistance at 1.3838 with the aim to go up to resistance at 1.3900 will be a signal to open a long position, and if it is broken through to 1.3946 by the end of the hour.  Stolploss may be placed at the level of 1.3710.The signal for the opening of a short position is a breakdown of support at 1.3719 with the aim of going down to 1.3662, in case it is broken through 1.3596. Stolploss in this strategy can be placed at the level of 1.3855.Taking into account that the moving average and the location of the technical figure boundaries move over time, it is necessary to make corrections in their positions on the hourly chart. I also recommend opening positions by the end of the hour to avoid false breakouts.  If you are interested in USD/CAD analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest USD/CAD forecasts and signals contain support and resistance levels, as well as stop-loss levels. 
Oct 03, 2022 Read
Forex Signals for EUR/USD, GBP/USD and USD/CAD on 30/09/2022
EUR/USD, currency, GBP/USD, currency, USD/CAD, currency, Forex Signals for EUR/USD, GBP/USD and USD/CAD on 30/09/2022 EUR/USDThe EUR/USD pair is trading within the ascending price channel on the hourly chart. I recommend opening long positions in case of breakdown of resistance at 0.9848 with the aim of going up to resistance at 0.9888-0.9934. Stop below 0.9770.I recommend opening short positions after breakdown of support at 0.9783 with the aim to go down to support at 0.9741-0.9697. Stop above 0.9855.  GBP/USDOn the basis of technical modeling on pair pound/dollar the forecast of the further movement was formed and the average urgency predisposes to decrease.In the given technical situation pound can be sold from the level of 1.1171 and also it is possible to expose the pending sell order at the level of 1.1244 with the purpose of decrease in the area of support at the level of 1.0826-1.0293, the stop at this strategy can be placed at the level of 1.1390.If we gain a profit of 30 pips or more, we fix 50% of the position, and place the rest at no-loss. If this forecast for the GBP/USD pair coincides with your opinion, then you can safely use this strategy.USD/CADUSD/CAD is trading in an uptrend on the 4-hour chart. It shows that the USD/CAD is trading above the 55 moving average on the hourly chart (level 1.3686), which generally contributes to the price increase in the short term. I recommend to work on this pair from the sales on the basis of the existing wave model.The signal for long position opening will be a break-down of resistance at 1.3743 with the aim to go up to the resistance level of 1.3807 and in case of its break-down at the end of the hour to 1.3877.  Stolploss may be placed at the level of 1.3650.The signal for the opening of a short position is a breakdown of support at 1.3662 and the aim of downward movement to 1.3596, in case it is broken through 1.3512. Stolploss for this strategy can be placed at the level of 1.3775.Considering that the moving average and the location of the boundaries of the technical figures moves over time, it is necessary to correct their position on the hourly chart. I also recommend opening positions by the end of the hour to avoid false breakouts.  More about GBP/USD tradingIf you are interested in GBP/USD analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest GBP/USD forecasts and signals contain support and resistance levels, as well as stop-loss levels. 
Sep 30, 2022 Read
Forex Signals for EUR/USD, GBP/USD and USD/CAD on 29/09/2022
EUR/USD, currency, GBP/USD, currency, USD/CAD, currency, Forex Signals for EUR/USD, GBP/USD and USD/CAD on 29/09/2022 EUR/USDThe pair EUR/USD is trading within the ascending price channel on the hourly chart. I recommend opening long positions in case of breakdown of resistance at 0.9700 with the aim of going up to resistance at 0.9747-0.9800. Stop below 0.9640.I recommend opening short positions after breakdown of support at the level of 0.9648 with the aim to go down to the support at 0.9596-0.9546. Stop above 0.9710.GBP/USDOn the basis of technical modeling on pair pound/dollar the forecast of the further movement was formed and the average urgent predisposition to decrease.In this technical situation, the pound can be sold from the level of 1.0909, you can also put a pending sell order at 1.1075 for the purpose of reducing to the support area at 1.0266-1.0104, a stop in this strategy can be placed at 1.1225.If we gain a profit of 30 pips or more, we fix 50% of the position, and place the rest of the profit at no-loss. If this forecast for GBP/USD coincides with your opinion, then you should feel free to use this strategy.USD/CADUSD/CAD is trading in an uptrend on the 4-hour chart. It shows that the USD/CAD is trading above the 55 moving average on the hourly chart (level 1.3688), which generally contributes to the price increase in the short term. I recommend to work on this pair from the sales on the basis of the existing wave model.The signal for long position opening will be a break-down of resistance at 1.3734 with the aim to go up to the resistance level of 1.3807 and in case of its break-down at the end of the hour to 1.3877. Stolploss may be placed at the level of 1.3590.The signal for the opening of a short position is a breakdown of support at 1.3596 and the aim of downward movement to 1.3512, in case it is broken through 1.3442. Stolploss for this strategy may be placed at the level of 1.3745.Considering that the moving average and the location of the boundaries of technical figures move over time, it is necessary to make corrections in their positions on the hourly chart. I also recommend opening positions by the end of the hour to avoid false breakouts. More about USD/CAD tradingIf you are interested in USD/CAD analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest USD/CAD forecasts and signals contain support and resistance levels, as well as stop-loss levels. 
Sep 29, 2022 Read
Forex Signals for EUR/USD, GBP/USD and USD/CAD on 28/09/2022
EUR/USD, currency, GBP/USD, currency, USD/CAD, currency, Forex Signals for EUR/USD, GBP/USD and USD/CAD on 28/09/2022 EUR/USDThe pair EUR/USD is trading within the descending price channel on the hourly chart. I recommend opening long positions in case of breakdown of resistance at 0.9570 with the aim of going up to resistance at 0.9605-0.9643. Stop below 0.9530.I recommend to open short positions after breakdown of support at the level of 0.9534 with the aim to go down to the support level of 0.9496-0.9459. Stop above 0.9580.GBP/USDOn the basis of technical modeling on pair pound/dollar the forecast of the further movement was formed and the average urgent predisposition to decrease.In the given technical situation pound can be sold from the level of 1.0687, you can also put a pending sell order at 1.0801 with the aim of decreasing to the support area at the level of 1.0266-1.0104, a stop at this strategy can be placed at the level of 1.0955.If we gain a profit of 30 pips or more, we fix 50% of the position, and place the rest of the profit at no-loss. If this forecast for GBP/USD coincides with your opinion, then you should feel free to use this strategy.USD/CADUSD/CAD is trading in an uptrend on the 4-hour chart. It shows that the USD/CAD is trading above the 55 moving average on the hourly chart (level of 1.3693), which generally contributes to the price increase in the short term. I recommend to work on this pair from the sales on the basis of the existing wave model.Breaking through resistance at 1.3807 with the aim to go up to resistance at 1.3876 and if it is broken through to 1.3946 will be a signal to open a long position. Stolploss may be placed at the level of 1.3635.The signal for the opening of a short position is a breakdown of support at 1.3662 to 1.3596, in case it is broken through 1.3512. Stolploss for this strategy may be placed at the level of 1.3815.Considering that the moving average and the location of the boundaries of the technical figures moves over time, it is necessary to correct their position on the hourly chart. I also recommend opening positions by the end of the hour to avoid false breakouts.  More about USD/CAD tradingIf you are interested in USD/CAD analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest USD/CAD forecasts and signals contain support and resistance levels, as well as stop-loss levels. 
Sep 28, 2022 Read
Forex signals for EUR/USD, GBP/USD and USD/CAD on 27/09/2022
EUR/USD, currency, GBP/USD, currency, USD/CAD, currency, Forex signals for EUR/USD, GBP/USD and USD/CAD on 27/09/2022 EUR/USDThe EUR/USD pair is trading within the descending price channel on the hourly chart. I recommend opening long positions in case of a breakdown at the end of the resistance hour at the level of 0.9705 in order to increase to the resistance at the level of 0.9744-0.9783. Stop below 0.9620.I recommend opening short positions after the breakdown at the end of the support hour at the level of 0.9624 in order to reduce to support at the level of 0.9584-0.9546. Stop above 0.9725.Based on technical modeling for the pound/dollar pair, a forecast of further movement has been formed and the average is urgently predisposed to decline.GBP/USDIn this technical situation, the pound can be sold from the level of 1.0828, you can also place a pending sell order at the level of 1.0915 in order to reduce to the support area at the level of 1.0473-1.0297, with this strategy, you can place a stop at the level of 1.0955.In the case of a profit of 30 points or more, we fix 50% of the position, and put the rest at no loss. If this forecast for the GBP/USD pair coincides with your opinion, then you can safely use this strategy.USD/CADThe USD/CAD pair is trading within an uptrend on a 4-hour chart. It shows that the USD/CAD exchange rate is trading above the moving average with a period of 55 on the hourly chart (level 1.3620), which generally contributes to the price increase in the short term. I recommend working on this pair from sales based on the established wave model.The signal to open a long position will be a breakdown at the end of the resistance hour at the level of 1.3751 in order to increase to the resistance at the level of 1.3807 and in case of its breakdown at the end of the hour to 1.3876.  The stop loss with this strategy can be placed at the level of 1.3610.The signal to open a short position will be a breakdown at the end of the support hour at the level of 1.3596 with the aim of reducing to support at the level of 1.3512 in case of its breakdown at the end of the hour 1.3442. The stop loss with this strategy can be placed at the level of 1.3705.Given that the moving average and the location of the boundaries of technical figures are moving over time, it is necessary to adjust their position on the hourly chart. I also recommend opening positions at the end of the hour to avoid false breakouts. If you are interested in USD/CAD analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest USD/CAD forecasts and signals contain support and resistance levels, as well as stop-loss levels. 
Sep 27, 2022 Read
Forex signals for EUR/USD, GBP/USD and USD/CAD on 26/09/2022
EUR/USD, currency, GBP/USD, currency, USD/CAD, currency, Forex signals for EUR/USD, GBP/USD and USD/CAD on 26/09/2022 EUR USDThe EUR/USD pair is trading within the descending price channel on the hourly chart. I recommend opening long positions in case of breakdown of resistance at 0.9665 by the end of the hour with the aim of increasing to resistance at 0.9704-0.9744. Stop below 0.9610.I recommend opening short positions after breakdown of support at 0.9624 with the aim to go down to support at 0.9584-0.9546. Stop above 0.9675.GBP USDOn the basis of technical modeling on pair pound/dollar the forecast of the further movement was formed and the average urgency predisposes to decrease.In the given technical situation pound can be sold from the level of 1.0828, you can also put a pending sell order at 1.0915 with the aim of decreasing to the support area at the level of 1.0473-1.0297, a stop in this strategy can be placed at the level of 1.0955.If we gain a profit of 30 pips or more, we fix 50% of the position, and reduce the rest to a lossless position. If this forecast for the GBP/USD pair coincides with your opinion, then you should feel free to use this strategy.USD CADUSD/CAD is trading in an uptrend on the 4-hour chart. The USD CAD is trading above the 55 SMA on the 4h chart (1.3525 level) and that should push the price up in the short term. I recommend to work on this pair from purchases on the basis of the existing wave model.The signal for long position opening will be a break-down of resistance at 1.3525 with the aim to go up to the resistance level of 1.3733 and in case of its break-down at the end of the hour to 1.3807.  Stolploss may be placed at the level of 1.3520.The signal for the opening of a short position is a breakdown of support at 1.3525 with the aim of going down to 1.3442, in case it is broken through 1.3372. Stolploss in this strategy can be placed at the level of 1.3665.Considering that the moving average and the location of the technical figure boundaries move over time, it is necessary to make corrections in their positions on the hourly chart. I also recommend opening positions by the end of the hour to avoid false breakouts. 
Sep 26, 2022 Read
Forex signals for EURUSD, GBPUSD and USDCAD on 23/09/2022
EUR/USD, currency, GBP/USD, currency, USD/CAD, currency, Forex signals for EURUSD, GBPUSD and USDCAD on 23/09/2022 EUR/USDThe EUR/USD pair is trading within the descending price channel on the hourly chart. I recommend opening long positions in case of breakdown of resistance at 0.9844 with the aim of going up to resistance at 0.9878-0.9912. Stop below 0.9800.I recommend opening short positions after breakdown of support at 0.9808 with the aim to go down to support at 0.9776-0.9740. Stop above 0.9865.GBP/USDOn the basis of technical modeling on pair GBP/USD the forecast of the further movement was formed and the average urgent is predisposed to decrease.In the given technical situation pound can be sold from the level of 1.1267 and also it is possible to expose the pending sell order at the level of 1.1389 with the purpose of decrease in the support area at the level of 1.1016-1.0932, the stop at this strategy can be placed at the level of 1.1505.If we gain a profit of 30 pips or more, we fix 50% of the position, and place the rest at no-loss. If this forecast for GBP/USD coincides with your opinion, then you should feel free to use this strategy.USD/CADUSD/CAD is trading in an uptrend on the 4-hour chart. It shows that the USD/CAD is trading above the 55-period moving average on the hourly chart (level of 1.3394), which generally contributes to the price increase in the short term. I recommend to work on this pair from purchases on the basis of the existing wave model.The signal for long position opening will be a break-down of resistance at 1.3525 with the aim to go up to the resistance level of 1.3599 and in case of its break-down at the end of the hour to 1.3666.  Stolploss may be placed at the level of 1.3400.The signal for the opening of a short position is a breakdown of support at 1.3372, with the aim of going down to 1.3321 if it is broken through 1.3259. Stolploss in this strategy can be placed at the level of 1.3455.Considering that the moving average and the location of the boundaries of technical figures moves over time, it is necessary to make corrections in their positions on the hourly chart. I also recommend opening positions by the end of the hour to avoid false breakouts.  If you are interested in USDCAD analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest USD/CAD forecasts and signals contain support and resistance levels, as well as stop-loss levels. 
Sep 23, 2022 Read
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