91-Year-Old Burger Chain Suggests Potential Bitcoin Collaborations as Crypto Market Rises
Steak 'n Shake's Bitcoin Adoption: The fast food chain began accepting Bitcoin payments globally in May 2025, claiming to save approximately 50% in processing fees and reporting a 15% increase in same-store sales since the adoption.
Launch of Bitcoin Reserve: On October 31, 2025, Steak 'n Shake became the first major U.S. restaurant chain to launch a Bitcoin reserve, indicating its commitment to becoming a "Bitcoin company" with plans for further partnerships.
Expansion Plans: The chain is looking to expand into El Salvador, a country known for its Bitcoin accumulation, under President Nayib Bukele's leadership.
Market Context: The news comes as Bitcoin experiences a recovery, trading above $94,000, alongside increases in other cryptocurrencies like Ethereum and XRP, contributing to a rise in the total crypto market cap.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH) As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 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 stock.
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 | 736.239 | 1242.02 | 1703.079 | 2208.86 | 2669.919 | 3175.7 | 3636.759 |
| Fibonacci | 1242.02 | 1611.353 | 1839.527 | 2208.86 | 2578.193 | 2806.367 | 3175.7 |
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