BINANCE ANNOUNCEMENT
Notice of Removal of Margin Trading Pairs - 2023-10-19
This is a general announcement. This announcement is not intended for users in regions where products and services referred to here are not available.
Fellow Binancians,
Binance Margin will delist the:
- ACH/BUSD,
- ARPA/BUSD,
- CAKE/BUSD,
- CELO/BUSD,
- CHR/BUSD,
- ENJ/BUSD,
- GRT/BUSD,
- GTC/BUSD,
- HFT/BUSD,
- HOOK/BUSD,
- ICP/BUSD,
- IDEX/BUSD,
- INJ/BUSD,
- JASMY/BUSD,
- LIT/BUSD,
- LPT/BUSD,
- MTL/BUSD,
- PHA/BUSD,
- PHB/BUSD,
- PYR/BUSD,
- ROSE/BUSD,
- SAND/BUSD,
- STX/BUSD,
- WING/BUSD
- XMR/BUSD
cross margin and isolated margin pairs at 2023-10-19 06:00 (UTC). 
Please note:
At 2023-10-13 06:00 (UTC), Binance Margin will suspend isolated margin borrowing on the aforementioned isolated margin pairs.
At 2023-10-19 06:00 (UTC), Binance Margin will close users’ positions, conduct an automatic settlement and cancel all pending orders on the aforementioned cross and isolated margin pairs. These pairs will then be removed from Margin. 
Users can still trade the above assets on other trading pairs that are available on Binance Margin.
Please note that users will not be able to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading at 2023-10-19 06:00 (UTC). #Binance will not be responsible for any potential losses. 
​​Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team

Ethereum (ETH) at $1,552.9 Resistance - What's Next?

Ethereum (ETH) is a significant cryptocurrency, and its price can be influenced by various factors. It's important to monitor its price movements and key support and resistance levels for potential investment or trading decisions. Please feel free to ask specific questions or let me know what aspect of Ethereum's price dynamics you'd like to explore further.

Hourly Chart Analysis:

Starting with the hourly chart, we can see that Ethereum has made a move in the past 24 hours, with the price of ETH increasing by a modest 0.18%. However, it's important to note that Ethereum encountered a false breakout of the local resistance level set at $1,552.9. This suggests that the market is facing resistance at this price point, potentially impacting its potential for growth.

Short-Term Support and Resistance:

If the current decline continues, there's a high likelihood that Ethereum may test the support level at $1,537.4 in the coming days. This is a critical level to watch because a breach of this support could lead to a further downward move. Traders and investors will be closely monitoring this level to gauge market sentiment.

Daily Time Frame:

Zooming in on the daily time frame, it appears that sellers have gained more influence. If the daily candle closes near the support level, it raises the possibility of a breakout. A breakout at this level could result in a significant drop in Ethereum's value, potentially pushing it below the $1,500 zone.

Long-Term Perspective:

Taking a longer-term view, let's consider the weekly chart. The focus here is on the nearest support at $1,531. If Ethereum fails to experience a bounce-back from this level and instead undergoes a breakout, it could signal a further decline in price, with the $1,463 level becoming the next point of interest for traders and investors.

Current Price:

As of the time of writing, Ethereum is trading at $1,542. The current price reflects the ongoing dynamics in the market, which are influenced by various factors and investor sentiment.

#Ethereum #ETH