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#UpdateAlert 🪅TETHER NEWS🔴 🔆According to a UN report, USDT (Tether) is linked to an increasing number of scams and is being used by organized crime groups in Southeast Asia to launder illegal funds through black market casinos. 🔆Tether previously cooperated with the US DOJ in freezing $225m in USDT linked to an international human trafficking group involved in such scams.

#UpdateAlert

🪅TETHER NEWS🔴

🔆According to a UN report, USDT (Tether) is linked to an increasing number of scams and is being used by organized crime groups in Southeast Asia to launder illegal funds through black market casinos.

🔆Tether previously cooperated with the US DOJ in freezing $225m in USDT linked to an international human trafficking group involved in such scams.

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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ETH Analysis: April 11, 2024 (1D) Current Price: ETH/USDT is currently trading at 3,511 USDT, hovering near the upper Bollinger Band (BBands), which suggests potential overbought conditions. Volatility: Average volatility sits at 5.93%, indicating a somewhat volatile market. Technical Indicators: Mixed Momentum: The Relative Strength Index (RSI) and Money Flow Index (MFI) are around neutral levels (51.56 and 42.48, respectively), while the Commodity Channel Index (CCI) at 23.47 suggests a mild bullish bias. The Momentum Oscillator (MOM) is negative, indicating a bearish trend, but the MACD crossover and Parabolic SAR suggest a bullish potential. Trading Strength: The Average True Range (ATR) of 199.71 USDT reflects some recent price swings. The price trading above the 50-day Simple Moving Average (SMA) is a positive sign, and the strong bullish trend signaled by the ADX indicator is encouraging. Turning Point?: The TD Sequential reaching 5 on the upside suggests a potential trend reversal, but confirmation is needed. Overall: Despite some mixed signals, the technical indicators lean slightly bullish. The price nearing the upper Bollinger Band and the negative MOM caution for possible overbought conditions or a pullback. However, the MACD crossover, strong ADX, and Parabolic SAR suggest potential for continued upside. Monitoring price movements and confirmation from the TD Sequential will be crucial for further direction $BTC $ETH $BNB #BullorBear #BullorBear #Memecoins #BinanceLaunchpool #HotTrends
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