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 Eyes Sub-$1,400 as Investors Await USD Coin and SVB Updates

ETH Eyes Sub-$1,400 as Investors Await USD Coin and SVB Updates

On Saturday, ETH challenged support at $1,500. However, in order to bring attention back to the Shanghai upgrade, USD Coin and SVB upgrades will need to be cryptocurrency welcoming.

Jimmy Khan

2023-03-13

7612

微信截图_20230313092754.png

On Saturday, Bitcoin (ETH) gained 3.63%. ETH finished the day at $1,484, reversing a drop of 0.35% from Friday. ETH stopped a four-day loss run while closing the day below $1,500 for the third time since January 13.

ETH rose to a morning peak of $1,499 after a positive start to the day before falling back. At $1,457 and $1,483, respectively, ETH passed through the First Major Resistance Level (R1) and Second Major Resistance Level (R2). ETH reversed course and dropped to a morning low of $1,418. However, ETH returned to $1,490 before relaxing back, avoiding the First Significant Support Line (S1) at $1,388.

Staking Inflows for ETH Are Bad for Price

Investors were not diverted from the US financial crisis and the USD Currency (USDC) de-peg by any details regarding the postponed Shanghai upgrade.

On Tuesday, the Goerli testnet was made available, marking the start of the next phase of the eagerly awaited Shanghai update. Successful trials should support the removal of pledged ETH from the Beacon Chain and allow an April Shanghai update.

However, following some excitement in late February, ETH staking imports have decreased in March, leaving it unclear how ETH stakeholders will react to the Shanghai update. Withdrawals in a flurry would be a negative price situation. In order to gauge mood and patterns prior to the Shanghai update, investors should keep an eye on net ETH staking imports and total value pledged figures.

CryptoQuant reports that on Saturday, ETH net pledging entries totaled 15,712 ETH. Although up from 10,560 ETH on Friday, imports remain far below the 198,560 ETH peak set in 2023. While the steep decline in mining influx was detrimental to the price of ETH, the postponement of the Shanghai upgrade most likely accelerated the fall to values below 20,000.