Ethereum's stablecoin market cap jumps 1m-fold since the first time ETH reached $1,4k
Stablecoin Market Growth: The Ethereum ecosystem's stablecoin market cap has surged to approximately $124.5 billion, a significant increase from just $124,500 in January 2018 when ETH first reached $1,400, although it saw a slight decline of 0.08% recently.
Ethereum Performance and Upcoming Upgrade: ETH is currently trading at $1,804 with a market cap exceeding $216 billion, showing a recent increase in trading volume; the network is also set to launch a major upgrade aimed at enhancing scalability and user experience.
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Technical Analysis for USDe
Technical Sentiment Analysis for Ethena USDe (USDe) As of , Ethena USDe (USDe) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for USDe 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, USDe 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 $-.
Ethena USDe (USDe) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.997 | 0.998 | 0.999 | 0.999 | 1 | 1.001 | 1.002 |
| Fibonacci | 0.998 | 0.998 | 0.999 | 0.999 | 1 | 1.001 | 1.001 |
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