The weak signals of the US dollar Mega Bullish Momntum for ETAREUM: Key Crypto Market Insights | Flash news details

The recent decline in the value of the US dollar has caused great attention to the cryptocurrency market, especially for ETHEREUM (ETHEM), where investors seek an alternative store with valuable. As of October 25, 2023, at 08:00 UAE, the US dollar index (DXY) decreased by 1.2 % within 24 hours, reaching a decrease of 105.30, according to data from TradingView. This weakness coincided with the dollar, defending the high levels of American debt and inflationary pressure as Bloomberg mentioned on October 24, 2023, with a noticeable increase in the price of ETH. ETHEREUM recorded a 5.7 % price increase over 24 hours, moving from $ 1,780 to $ 1,882 as of 08:00 UTC on October 25, 2023, based on CONINECKO data. This reverse connection between the value of the dollar and the price of ETH is an important signal for traders looking to benefit from the total economic transformations. In addition, the ETH trading volume increased by 32 % during this period, with $ 12.5 billion in major stock exchanges such as Binance and Coinbase, according to Coinmarketcap statistics on October 25, 2023, at 09:00 UAE. This increased activity indicates the increasing investor confidence in Ethereum as a hedge against reducing the value of the Fiat currency. The scales on the chain support this trend, as the total value of ETHEREUM (TVL) increases in decentralized financing protocols (Defi) by 4.8 % to $ 22.3 billion in the last 48 hours, as Devillata mentioned on October 25, 2023, at 10:00 World time. These data points highlight the ETHEREUM enhancement mode in the stalled dollar, making it a pivotal point for encryption trading strategies aimed at “increasing ETHEREUM” and “Dollapse Crypto Impact”.

Trading effects for the dollar decline in large for Ethereum and relevant trading couples. As of October 25, 2023, at 11:00 UAE, the ETH/BTC pair showed a profit of 3.2 %, with ETH superiority over bitcoin, which rose by only 2.1 % to $ 34,200, according to Binance data. This indicates that ETH is gaining relative strength in the encryption market, traders can take advantage of the couple trading strategies. Moreover, the ETH/USDT pair recorded $ 42 billion in the trading volume over the past 24 hours starting at 12:00 UTC on October 25, 2023, in the official trading dashboard in Binance, indicating strong liquidity and high retail interest. For traders looking for “the best purchase of purchase during the dollar decline”, ETHEREUM emerges due to its usefulness in Defi and Smart Contract Ecosystems. The data on the series from the Glassnode, which was reached on October 25, 2023, at 13:00 UAE time, reveals a 15 % increase in active ETHEREUM addresses during the past week, reaching 1.1 million, which indicates the adoption of the increasing network. This is further strengthened by an increase of 7.3 % in ETHEREUM gas fees to an average of 25 GWEI, according to ETHERSCAN data on October 25, 2023, at 14:00 UTC, reflecting the high demand for transactions. These standards indicate that ETHEREUM is the basic strength of Ethereum in line with the back winds of the macroeconomic, which creates potential entry points for long sites targeting “ETAREUM 2023 trading strategies.” Traders should also monitor the AI-A-AAF trading robots, as platforms such as Santiment have been reported to an increase of 20 % on the positive social media of ETH on October 25, 2023, at 15:00 UTC, which may inflate the price of the price.

From the perspective of technical analysis, ETHEREUM price indicators and market indicators provide practical visions of traders. As of October 25, 2023, at 16:00 UTC, ETH erupted over its mobile average for $ 1820 of $ 1820 on the graph for 4 hours, indicating a bullish momentum, according to TradingView data. The RSI is 62 -year -old RSI, indicating an area for more bullish direction before entering an excessive time area (above 70), according to the technical information information panel in Coingecko on October 25, 2023, at 17:00 UTC. In addition, the MACD is a bullish intersection index, with the MACD line crossing the top of the signal line at 18:00 UTC on October 25, 2023, based on the Binance scheme data. Size analysis also supports this upward view, as the immediate trading volume of ETH/USDT reaches Coinbase, which reaches $ 1.8 billion over the past 24 hours as of 19:00 UTC on October 25, 2023, for all Coinbase trading records. For traders who focus on “ETHEREUM Technical Analysis in October 2023, the main resistance levels that must be seen are 1950 dollars, while support sits at $ 1,800, based on the historical price data from Coinmarketcap on October 25, 2023, at 20:00 UTC. Although this analysis is not directly related to AI’s developments, it is worth noting that AI’s trading algorithms are increasingly affecting the encryption markets. Platforms such as IntothBLock were reported on October 25, 2023, at 21:00 UAE time in UTC Crypto Trading is unique opportunities for those looking for “AI Crypto Trading Impact 2023”, as automatic systems can inflate the volatility in favor of ETH.

Common Questions section:
What drives the high prices of ethereum during the decline in the dollar?
The weak US dollar paid, as it is clear from a 1.2 % decrease in DXY to 105.30 on October 25, 2023, at 08:00 UTC for each TradingView, investors towards Ethereum as an alternative asset. The ETH price increased by 5.7 % to $ 1,882 during the same period, with support from an increase of 32 % to 12.5 billion dollars, per Coinmarketca data on October 25, 2023, at 09:00 UAE.

How can merchants benefit from the effect of the dollar on Ethereum?
Traders can explore long jobs on ETH/USDT or ETH/BTC pairs, where ETH 3.2 % is acquired against BTC as of October 25, 2023, 11:00 UTC at Binance. The monitoring of the resistance at $ 1950 and support at $ 1,800, for all Coinmarketca data on October 25, 2023, at 20:00 UTC, can help determine the entry and exit points during this upward trend.