A few days ago, the price rose above the 50-day SMA ($3,425) but failed to gain momentum. This indicates a lack of demand at higher levels.
Bears are looking to push the price below the 50-day SMA. If they succeed, then there is a possibility of a decline to the 20-day SMA ($3,246). It is important for bulls to hold this level because if it is broken, the ETH/USDT pair could fall to $3,000.
To prevent a fall, bulls need to protect the moving averages and push the price above $3,600. After that, they may try to reach the resistance zone from $4,000 to $4,094.
Vitalik Buterin, the author of a post on the social network X, believes that blockchains ensure the integrity and safety of data. They present information unchanged, reducing the risk of manipulation.
However, this technology has limitations: it is not designed to verify more extensive information, such as historical events. In addition, blockchains do not have mechanisms to confirm the authenticity of stored data.
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