Crypto Industry News:
One of the co-founders of the second largest cryptocurrency decided to share important facts about the future of Ethereum. Vitalik Buterin presented technical challenges related to interoperability between Layer 1 (L1) and Layer 2 (L2) solutions for the Ethereum network.
The constant improvement of the second largest cryptocurrency project is the main goal of co-founder Vitalik Buterin. He emphasizes that with the growing popularity of L2 allowing for fast and low-cost off-chain transactions, integration between the two layers is needed.
Canadian-Russian programmer and co-founder of Ethereum Vitalik Buterin has an idea to solve this problem. He proposed an architecture called asset-keystore separation. In this model, users would receive a keystore agreement containing their verification key, as well as the rules for its modification.
In such an architecture, the portfolio contracts for L1 and several L2s would cross-chain to retrieve the verification key. Buterin proposes two implementations of such a solution. The first version requires each wallet to store the verification key locally. Authorization will be done using a cross-chain proof of the current state of the keystore.
In turn, in the second version, cross-chain proof is required for each transaction. In this case, keystore updates would be much cheaper, but the cost of each transaction would increase.
Technical Market Outlook:
The ETH/USD pair hit the key technical resistance located at the level of $1,930 after a 19% rally from the last swing low and has been consolidating the recent gains in a narrow zone all weekend long. The intraday technical support is seen at the level of $1,863 and the intraday technical resistance is located at $1,911. The momentum is still strong and positive, so the breakout to the upside might happen any time now. The next target for bulls is the level of $2,000.
Weekly Pivot Points:
WR3 - $1,958
WR2 - $1,919
WR1 - $1,898
Weekly Pivot - $1,881
WS1 - $1,859
WS2 - $1,842
WS3 - $1,809
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.
在BTC/USD四小時圖上的波浪圖形變得較為複雜。我們觀察到一個調整的下降結構,其形態在75,000美元附近完成。
比特幣未能保持在94,000美元以上,回調至92,500美元區域,該區域似乎更為穩定。以太坊在短暫突破1,830美元後,也回落至約1,769美元。
比特幣昨日出現強勁上漲。在突破 $90,000 關口後,這一主流加密貨幣漲至 $94,000,其漲勢暫時停滯。
在BTC/USD的4小時圖上的波浪結構相當清晰。在完成一個由五個完整波浪組成的上升趨勢後,下行段開始形成,目前看似是修正。
在 Litecoin 加密貨幣 4 小時圖上成功突破向上擴張楔形形態後,隨之出現了 Litecoin 價格走勢與隨機指標之間的背離現象,以及出現了Bearish 123 型態並伴隨 Bearish Ross Hook (RH) 的出現,那麼在不久的將來,Litecoin 可能會再次走弱,以跌破 73.29 的水平。如果其走弱的勢頭和波動性足夠強,則 Litecoin 會再次走弱至 72.35 作為其主要目標和 70.65 作為其次要目標,但如果在其通往先前描述的目標水平的途中,Litecoin 突然出現增強,尤其是突破並收於 78.17 以上,那麼之前描述的所有走弱情景將變得無效並自動取消。
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