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31.03.2023 08:31 AM
Technical Analysis of ETH/USD for March 31, 2023

Crypto Industry News:

The introduction of the ruble digital pilot program will take place in May 2023. Russia is trying not to lag behind other economies in developing blockchain technology.

The Bank of Russia's plan to implement a pilot Central Bank Digital Currency (CBDC) has been slightly delayed. The central bank decided to postpone its launch until a comprehensive regulatory framework for the digital ruble is adopted. This is expected to happen sometime in late April or early May.

According to a Tuesday report by the state news service TASS, the pilot of the digital ruble was originally supposed to start on April 1. However, this date was postponed because the CBDC legislation only passed the first reading in the Duma.

Anatoly Aksakov, head of the State Duma's financial markets committee, said that the central bank will postpone the process of the digital ruble, as the legislative framework for implementation is not yet ready, and the bank does not plan to implement it under an experimental legal regime. He said the digital ruble law would likely be passed in April and take effect in May.

While many private banks in other countries expressed their lack of confidence in CBDC integration, the banks participating in the digital ruble trial expressed their willingness to start testing.

Originally, 15 banks planned to participate in the pilot program. This number has now fallen to 13. After the pilot program is launched, these banks will participate by supporting real operations with a limited number of customers.

Additionally, some bank employees will serve as test participants for CBDC retail payments, along with Ingosstrakh, one of Russia's largest insurance companies.

Technical Market Outlook:

The ETH/USD pair weekly time frame chart looks very bullish as the price broken above the 50 WMA already. The market is currently testing the 23% Fibonacci retracement level of the last big wave down that started in November 2021. Just above this level, there is an important long term technical resistance seen at $2,029. Bulls need a monthly close above this level in order to sustain the up move. The key, long term technical support is still seen at the level of $1,044 and as long as the market trades above this level, the long term outlook remains bullish. Please notice today we have weekly close, monthly close and quarterly close.

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Weekly Pivot Points:

WR3 - $1,809

WR2 - $1,787

WR1 - $1,773

Weekly Pivot - $1,765

WS1 - $1,751

WS2 - $1,742

WS3 - $1,720

Trading Outlook:

The Ethereum market has been seen making lower highs and lower low since the swing high was made in the middle of the August 2022 at the level of $2,029. This is the key level for bulls, so it needs to be broken in order to continue the up trend. The key technical support is seen at $1,368, so as long as the market trades above this level, the outlook remains bullish.

ٹائم فریم منتخب کریں
5
منٹ
15
منٹ
30
منٹ
1
گھنٹہ
4
گھنٹے
1
دن
1
ہفتہ
انسٹافاریکس کے ساتھ کرپٹو کرنسی کی معاملاتی تبدیلیوں سے کمائیں۔
میٹا ٹریڈر 4 ڈاؤن لوڈ کریں اور اپنی پہلی ٹریڈ کھولیں۔
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تجویز کردہ مضامین

جون 3 کو کرپٹو کرنسی مارکیٹ کے لیے تجارتی سفارشات

ایشیائی تجارت کے دوران بٹ کوائن اور ایتھر میں زبردست اضافہ ہوا، حالانکہ کل کا اختتام قدرے مایوس کن نوٹ پر ہوا۔ تاہم، ان اثاثوں کی تیزی سے مضبوطی

Miroslaw Bawulski 13:59 2025-06-03 UTC+2

کرپٹو سرمایہ کار اب بھی امید پرستی سے مغلوب ہیں

جاری تصحیح کے باوجود، کرپٹو اثاثوں کو خریدنے کی طرف سرمایہ کاروں کا جذبہ مثبت رہتا ہے، جیسا کہ نام نہاد خوف اور لالچ انڈیکس سے ظاہر ہوتا ہے،

Jurij Tolin 16:38 2025-05-30 UTC+2

مئی 29 (شمالی امریکی سیشن) کے لیے کرپٹو مارکیٹ پر تجارتی تجاویز

بٹ کوائن نے کافی مضبوط واپسی کی ہے، $108,000 کے نشان سے اوپر چڑھ کر $109,000 کو توڑ دیا۔ نیچے دیا گیا چارٹ $108,100 کی سطح کے ذریعے

Miroslaw Bawulski 20:05 2025-05-29 UTC+2

بٹ کوائن نے $109,000 تک بہتری کی ہے

بٹ کوائن آج تیزی سے $109,000 کی سطح پر پہنچ گیا۔ یہ تیز رفتار اضافہ، خاص طور پر کل کے 106,600 ڈالر تک گرنے کے بعد،

Jakub Novak 19:29 2025-05-29 UTC+2

بٹ کوائن اور ایتھریم تیزی کی رفتار کو برقرار رکھتے ہیں۔

ایک مختصر وقفے کے باوجود، بٹ کوائن اور ایتھریم اپنی اوپر کی حرکت کے ساتھ ختم ہوتے دکھائی نہیں دیتے۔ جبکہ آج کے ایشیائی تجارتی سیشن کے دوران بٹ کوائن

Jakub Novak 17:03 2025-05-27 UTC+2

یہ کہ 27 مئی کو کرپٹو کرنسی مارکیٹ کے لیے تجارتی تجاویز

بٹ کوائن اور ایتھر کی مانگ اس ہفتے کے اوائل میں جاری ہے۔ بٹ کوائن $109,000 کے نشان سے اوپر رہتا ہے، جبکہ ایتھریم $2,600 سے اوپر کو مستحکم کرنے

Miroslaw Bawulski 16:22 2025-05-27 UTC+2
ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.
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