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ETH Reaches 8-Month High, Crypto Daily TV 5/4/2023

ETH Reaches 8-Month High, Crypto Daily TV 5/4/2023

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In Todays Headline TV CryptoDaily News:

OpenSea launches OpenSea Pro, courting professional NFT traders.

Leading non-fungible token marketplace OpenSea said it’s rolling out OpenSea Pro, a marketplace with advanced features targeting the growing market of professional NFT traders that has helped rival NFT marketplace Blur surge since its launch.

Euler says all 'recoverable funds' stolen in a hack have been returned.

The hacker responsible for roiling Euler Finance by draining some $200 million of assets has returned all “recoverable funds." Blockchain data on Arkham Intelligence shows that the crypto address associated with the exploiter transferred 10,580 ether, worth some $19 million, to Euler.

Ether rallies, gains ground against Bitcoin.

Ether (ETH), the native token of Ethereum's blockchain, rose to an eight-month high, outshining market leader bitcoin as U.S. stock futures traded higher while the dollar index dipped.

BTC/USD skyrocketed 1.6% in the last session.

The Bitcoin-Dollar pair exploded 1.6% in the last session. The Stochastic indicator is giving a negative signal. Support is at 26583.3333 and resistance at 29085.3333.

The Stochastic indicator is currently in the negative zone.

ETH/USD exploded 3.6% in the last session.

The Ethereum-Dollar pair skyrocketed 3.6% in the last session. According to the Stochastic-RSI, we are in an overbought market. Support is at 1730.151 and resistance at 1879.011.

The Stochastic-RSI points to an overbought market.

XRP/USD exploded 2.2% in the last session.

The Ripple-Dollar pair exploded 2.2% in the last session. The MACD is giving a positive signal. Support is at 0.4592 and resistance at 0.5426.

The MACD is currently in the positive zone.

LTC/USD remained largely unchanged in the last session.

The Litecoin-Dollar price remained largely unchanged in the last session. The Williams indicator indicates an overbought market. Support is at 87.2267 and resistance at 98.6467.

The Williams indicator is signalling an overbought market.

Daily Economic Calendar:

US ADP Employment Change

The ADP Employment Change measures the change in the number of employed people in the US, making it an indicator of the labour market. The US ADP Employment Change will be released at 12:15 GMT, the US ISM Services PMI at 14:00 GMT, and Italy's Retail Sales at 09:00 GMT.

US ISM Services PMI

The ISM Services PMI shows the business conditions outside of the manufacturing sector, taking into account expectations for future production, new orders, inventories, employment, and deliveries.

IT Retail Sales

Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales.

DE Factory Orders

The Factory Orders is a measure of the total orders of durable and nondurable goods, which can offer insight into inflation and growth in the manufacturing sector. Germany's Factory Orders will be released at 06:00 GMT, Japan's Jibun Bank Services PMI at 00:30 GMT, and Japan's Foreign Bond Investment at 23:50 GMT.

JP Jibun Bank Services PMI

The Jibun Bank Services Purchasing Managers Index (PMI) captures the business conditions in the services sector. The services PMI is an important indicator of the overall economic conditions.

JP Foreign Bond Investment

Foreign Bond Investment refers to bonds issued in a domestic market by a foreign entity in the domestic market's currency.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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