We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood

We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details

This website does not provide services to residents of United States.

Trader Affiliates

Market News ETH Bears Eye Sub-$1,800 on Staking Stats and Profit Taking

ETH Bears Eye Sub-$1,800 on Staking Stats and Profit Taking

Following a strong week, ETH was under pressure this morning due to staking statistics that indicated $2,000 was currently out of reach.

TOP1Markets Analyst

2023-06-27

10133

微信截图_20230627130521.png

On Sunday, Ethereum (ETH) increased by 1.23%. After losing 0.95% on Saturday, ETH gained 10.35% for the week to reach $1,899. Notably, ETH avoided trading below $1,800 for the third session running.

ETH experienced a mixed day's start, dropping to a low of $1,871 in the first hour. ETH climbed to a mid-morning high of $1,930, avoiding the First Major Support Level (S1) at $1,859 in the process. Before dropping down to below $1,900, ETH broke through the First Major Resistance Level (R1) at $1,900 and the Second Major Resistance Level (R2) at $1,924.

Justin Sun released $30,000,000 in ether

Due to the lack of Ethereum network-related news, Sunday was rather quiet. The absence of network discussion put the focus on staking statistics and analysis.

The founder of Tron (TRX), Justin Sun, was said to have removed $29.7 million in ETH from the Lido (LDO) Finance Liquid Staking platform over the weekend. According to reports, Sun gave Huobi the tokens.

In February, Sun pledged 150,100 ETH on Lido, increasing the amount of ETH being staked to 198,560 ETH on February 25. In response to the announcement, ETH increased 2.94% on February 26th.

Staking Statistics Indicate a Negative Attitude

Staking inflows jumped from 34,880 ETH on Saturday to 44,352 ETH on Sunday, according to CryptoQuant. Staking inflows remained considerably below the 100,000 inflow level notwithstanding the recovery.

With principle withdrawals at above-average levels, the overnight withdrawal profile was bearish. Withdrawal expectations, though, were optimistic for the morning session. According to projections, principle withdrawals will return to their previous levels.

The net staking balance on Saturday was 6,760 ETH negative (+36.90% over 24 hours), which is equal to a $12.75 million negative balance. There were 6,760 ETH in withdrawals compared to 0 ETH in deposits.

TokenUnlocks reports that the entire amount of pending withdrawals was 37,040 ETH, or roughly $69.49 million. Notably, the staking APR was 5.86%, remaining constant over the previous day. Staking APR's declining tendency keeps the price of ETH in the negative.