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🇺🇸 US Macro Data: ▪️ ISM Manufacturing PMI (August) FACT: 47.2 FORECAST: 47.5 PREV : 46.8 ▪️ ISM Manufacturing Price Index (August) FACT: 54.0 FORECAST: 52.1 PREV : 52.9 ▪️ ISM Factory New Orders (Aug) FACT: 44.6 PREV : 47.4 ▪️ ISM Manufacturing Employment Index (August) FACT: 46.0 PREV : 43.4
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#VIDT chart update
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#XRP broke through the descending resistance and now is about to continue pumping to the potential target at $0,5850.
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#Ethereum network revenue decline by 99% since March 2024 could lead to the closure of L2 and L3 solutions ✅ This decline happened after the Dencun hardfork, one of the main components of which was the EIP-4844 update ✅ The update significantly reduced fees in Ethereum network scaling solutions (L2 and L3). ✅ At the moment, 74 Layer-2 projects and 21 Layer-3 projects have been fully launched and are functioning. ✅ Analysts say there are about 10 times more scaling solutions than the industry needs. The main reason for the emergence of L2 networks was to reduce the cost of transactions for users. And due to the reduction in fees in the main network, the need for them will simply disappear
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#FLUX/USDT ANALYSIS FLUX is currently exhibiting strong momentum, but it’s encountering resistance at a key horizontal supply zone. Despite this rejection, the Ichimoku Cloud beneath the price action indicates underlying bullish strength, suggesting the potential for further upward movement. A breakout above the supply zone, followed by a successful retest, would provide a strong bullish confirmation, signaling the continuation of the upward trend.
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