Starknet Pioneers Decentralized Staking on Ethereum's Layer-2
Starknet's Staking Feature: Starknet has become the first major layer-2 blockchain on Ethereum to introduce a staking feature, allowing users with at least 20,000 STRK tokens to earn rewards by validating transactions, while others can delegate their tokens to validators.
Decentralization Goals: This initiative is part of a broader strategy to enhance decentralization within the network, with plans for further analysis of staking behaviors and empowering community members to take on additional roles in block validation and creation.
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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 | 734.491 | 1241.146 | 1701.331 | 2207.986 | 2668.171 | 3174.826 | 3635.011 |
| Fibonacci | 1241.146 | 1610.479 | 1838.653 | 2207.986 | 2577.319 | 2805.493 | 3174.826 |
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