#etherreum #SupplyZone $ETH

Ethereum price today: $3,600
Ethereum CME open interest growth reaches new all-time high.
Ethereum USDT supply sees its highest monthly growth of 27% in November.
ETH could extend its rally to test its yearly high resistance of $4,093 after surging above a key descending trendline.
Ethereum (ETH) is trading near the $3,600 level on Friday and could stage a rally to test its yearly high resistance of $4,093. The rally is fueled by ETH Chicago Mercantile Exchange (CME) open interest growth and a rise in USDT supply on the Main chain.

ETH CME reaches new milestone, USDT supply on Ethereum surged by 27% in November
Ethereum CME futures open interest (OI) has been at elevated levels since the US presidential elections, rising alongside ETH in the past week.

In the past week, the ETH CME OI crossed $2.8 billion for the first time ever, indicating high interest among US traders in the top altcoin. The heightened bullish sentiment also sent ETH's CME futures premium as high as 14%.

Similarly, Ethereum ETFs have maintained a bullish momentum, recording net inflows of nearly $225 million in the past four trading days.

A potential reason for the concurrent growth in ETH ETFs and CME open interest could be investors capitalizing on the high ETH futures premium by leveraging the so-called "cash and carry trade" as a yield-bearing strategy.

This involves buying ETH on the spot market — often via ETFs — and shorting the equivalent on derivatives exchanges to achieve delta neutrality. In turn, the investor earn yield from the funding fees that short traders receive due to the high premium on ETH futures.

Meanwhile, on Friday, Tether minted another 1 billion USDT on the Ethereum blockchain. This follows a massive growth in the total USDT supply on Ethereum, rising by over 27% to $70.2 billion in November — its highest monthly percentage growth since 2021. As a result, Ethereum has flipped Tron for the first time since 2022 as the blockchain network with the largest USDT supply.

#MarketBuyOrHold? #USD

The end of the week is here. Focus of attention will be on US NFP. Enjoy your weekend!

💸 The US Dollar Index ended the week on the low side, declining 1.64% from Monday’s opening bids and wrapping up Friday below the 106.00 handle.

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#Airdrop_Opportunity
A crypto airdrop is a way of distributing new coins or tokens to existing cryptocurrency holders or users who perform certain tasks. It is a marketing strategy used by blockchain startups to raise awareness and adoption of their projects. In this article, we will explain what crypto airdrops are, how they work, and how you can benefit from them.

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#BNB‬
What does BNB mean on Binance?
Binance Coin
Moreover, BNB chain transactions are fueled by a blockchain gas token called BNB, which stands for "Build and Build" (previously known as Binance Coin).

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#TrendingTopic
#stop loss
Always have a stop loss- before entering the trade always decide on the stop loss. If your stop loss got hit then close your position immediately. Never convert investment by carrying the trading positions. Trade less-You are a fresher in the stock market & you don't have experience then don't take risks

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MAKE $10 DAILY IN CRYPTO DOING THIS
Choose the right cryptocurrencies. When you're using Auto Invest, you're essentially dollar-cost averaging into a basket of cryptocurrencies. ...
Invest a significant amount of money. The more money you invest, the more likely you are to make a profit. ...
Be patient.

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#TrendingTopic
#begginers
How a beginner should start trading?

Step 1: Set Clear Investment Goals.

Step 2: Determine How Much You Can Afford To Invest.

Step 3: Appraise Your Tolerance for Risk.

Step 4: Determine Your Investing Style.

Choose an Investment Account.

Step 6: Learn the Costs of Investing.

Step 7: Pick Your Broker.

Step 8: How To Fund Your Stock Account

#Write2Earn #TrendingTopic #BeginnerTrader #Beginners
What is day trading?

Day trading is a trading strategy that involves entering and exiting positions on the same trading day. Since the trading happens within the same day, this strategy may also be referred to as intraday trading. The goal of day traders is to use intraday trading strategies to try and profit off of price changes in a financial instrument.

The term "day trader" originates from the stock market, where trading is open only during business days of the week. In this context, day traders never leave positions open overnight since they aim to capitalize on intraday price movements.

#Write2Earn #TrendingTopic #KnowledgeIsPower
Knowledge Is Power
In addition to knowledge of day trading procedures, day traders need to keep up with the latest stock market news and events that affect stocks. This can include the Federal Reserve System's interest rate plans, leading indicator announcements, and other economic, business, and financial news.

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What's a cryptocurrency?
A cryptocurrency is just like a digital form of cash. You can use it to pay friends for your share of the bar tab, buy that new pair of socks you've been eyeing up 👀, or book flights ✈️ and hotels 🏨 for your next holiday. Because cryptocurrency is digital, it can also be sent to friends and family anywhere in the world.

Just like PayPal or bank transfers, right?
Well, not really. It's way more interesting!
You see, traditional online payment gateways are owned by organizations. They hold your money for you, and you need to ask them to transfer it on your behalf when you want to spend it.

In cryptocurrencies, there isn't an organization. You, your friends, and thousands of others can act as your own banks by running free software. Your computer connects with other people's computers, meaning you communicate directly – no middlemen required!

To use cryptocurrency, you don't need to sign up for a website with an email address and password. You can download a wide variety of apps onto your smartphone to begin sending and receiving within minutes.

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A Beginner's Guide to Cryptocurrency Trading

After you create an account, you can deposit fiat currency into your account. Most centralized exchanges allow users to deposit fiat via bank transfers, bank wires, or other common money transfer methods. 

If you happen to own some crypto already, you can deposit it into your exchange account. Remember to always send your coins to the associated address: send Bitcoin to your Bitcoin address, ether to your Ethereum address, and so on. Sending crypto to the wrong addresses could result in losses.

Now you’re set up for trading crypto, let’s quickly go through a few essential trading concepts for beginners

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Online Trading is a method that facilitates buying and selling of financial instruments such as mutual funds, equities, bonds, Sovereign gold bonds, derivatives, stocks, ETFs and commodities through an electronic interface. Online Trading has simplified a complex process into a few clicks.

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What is Cryptography? Definition, Importance, Types

In computer science, cryptography is the collection of secure information and communication techniques employing

Trade Value means the total value of trades executed from the beginning of a certain period such as daily, weekly, monthly or quarterly, or till the date of resignation. Seen in 1 SEC filing. Trade Value means the price per share multiplied by the number of shares executed.