#Ethereum (ETH) climbed above $2,300 after an increase of just under 1.50%, registering a notable recovery along with BTC. While it may have reclaimed $2,300, ETH is bogged down by a stubborn resistance at $2,400, preventing any move past this level. A downward-sloping 20-day SMA is also indicative of the bearish sentiment around ETH. Despite the bearish pressure, ETH’s support of $2,300 has remained stable despite being tested on numerous occasions in September. Looking at the price chart, we see ETH pushed above $2,400 on Friday, rising to $2,442 after an increase of 3.34%.

However, with sellers active at this level and the 20-day SMA coming into play, ETH fell back on Saturday, dropping to $2,420 after a drop of 0.91%. Selling pressure intensified on Sunday as sellers pushed ETH below $2,400. ETH eventually registered a decline of 4.21% to settle at $2,318. The current week began with ETH continuing to drop, as it registered a drop of 0.95% to slip below $2,300 and settle at $2,296. However, sellers lost steam as demand picked up, allowing ETH to recover on Tuesday. As a result, ETH registered an increase of just over 2% and settled at $2,343. Buyers also attempted a move above $2,400 but were thwarted, managing to reach a high of $2,393 before dropping back. The current session sees ETH down marginally as buyers and sellers look to take control of the session.

ETH must push above $2,400 for sentiment around the asset to change. However, it has been unable to do so despite several attempts. Buyers, on their part, must defend the $2,300 level to defend a further slide. Should this level be breached ETH could drop as low as $2,100.
$ETH
#BinanceTurns7

#Ethereum (ETH) is struggling to stay above $2,300, with the price tumbling over 4% on Sunday, as bears continue to exert influence. As a result of the selling pressure, #ETH has remained in a downward trend, with the price unable to garner enough momentum for a reversal. If ETH can stay above the $2,300 level, it is likely to enter a consolidation phase, staying within $2,300 and $2,400 in the near term. As we can see in the price chart, ETH was fairly positive last week, rebounding after it dipped to a low of $2,150 on September 6. ETH’s gradual recovery saw it push back above $2,300 on Monday. However, it was unable to register a significant push upwards and fell back into the red on Wednesday, dipping to a day low of $2,280 before recovering and settling above $2,300.
ETH recovered on Thursday, registering a marginal increase before a 3.34% increase on Friday saw ETH climb above $2,400 and settle at $2,442. However, ETH faced significant selling pressure at this level, and with the downward-sloping 20-day SMA also acting as a dynamic resistance level, ETH fell back into the red over the weekend, dropping by 0.91% on Saturday. Selling pressure intensified on Sunday as ETH registered a drop of over 4% to slip below $2,400, dropping to $2,318. Sellers pushed ETH below $2,300 on Monday, as the current week began with bearish sentiment persisting.
ETH is currently up by 0.68%, with buyers pushing it back above the $2,300 level. However, they have failed to build momentum to reverse ETH’s current downward trend. For a reversal to take place, ETH must push above $2,400. Consolidation above this level could allow ETH to push above $2,500. However, sellers will try to overwhelm the support at $2,300. Should this level be breached, ETH could drop towards $2,100 or lower.
$ETH
#BinanceTurns7

dYdX has been a significant player in the decentralized finance (DeFi) space, known for offering decentralized derivatives trading. While its growth in recent years has been notable, the current outlook on the project is neutral, suggesting that while it may not experience significant gains soon, it is also unlikely to face major losses. Understanding what’s next for dYdX requires a closer look at its position in the market, technological developments, and broader trends in DeFi.
A Strong Foundation
dYdX stands out for its sophisticated platform, offering a range of products from perpetual contracts to spot trading and margin trading, all on a decentralized platform. It differentiates itself from traditional centralized exchanges by providing users with the ability to trade without intermediaries. This autonomy has been a major selling point, especially for those looking for privacy and control over their funds.
However, competition in the DeFi space is intense. Protocols such as Uniswap and Synthetix are continually evolving, and as more decentralized exchanges (DEXs) enter the market, dYdX faces pressure to stay ahead. This competition means the project will need to innovate continuously to maintain its current user base and attract new participants.
Scaling Challenges
One of the ongoing challenges for dYdX has been scalability. As Ethereum's gas fees fluctuate, the cost of transactions on the platform can become prohibitive for users. dYdX has already started addressing these concerns by migrating its operations to layer 2 solutions, specifically StarkWare, which promises lower fees and faster transaction speeds.
While this move is likely to improve user experience, it’s also not unique—many DeFi platforms are adopting layer 2 solutions. The question remains whether dYdX can leverage this technology to differentiate itself enough to attract a wider audience. The success of this migration will likely be a key factor in its performance over the next year.
What Could Drive Future Growth?
The neutral outlook does not necessarily signal stagnation. If dYdX continues to focus on improving the platform’s usability, security, and scalability, it could still be well-positioned for future growth. One potential area for expansion is the platform's governance token, DYDX, which allows holders to participate in protocol upgrades and vote on key decisions. Increasing utility for this token could drive more engagement within the community and, in turn, attract more investors.
Additionally, the continued development of new trading products could open up more opportunities for users and lead to broader adoption. By expanding its offerings and integrating more advanced features, such as cross-chain functionality, dYdX could differentiate itself in the highly competitive DeFi market.
Regulatory Landscape
Another factor that will play a role in dYdX’s future is the regulatory environment surrounding DeFi. While the decentralized nature of dYdX protects it from some regulatory scrutiny, global authorities are increasingly focusing on DeFi projects. How dYdX navigates these changes could impact its growth. If the platform can remain compliant without compromising decentralization, it may gain the trust of more conservative investors.
Conclusion
In its current state, dYdX appears stable but not necessarily poised for explosive growth in the near term. Its adoption of layer 2 solutions and focus on decentralized derivatives trading keep it relevant, but the competitive nature of the DeFi space means that it will need to innovate continuously. The next steps for dYdX will likely involve refining its platform, adding more functionality, and finding ways to stay ahead of regulatory challenges. For investors, it’s a project to watch—steady, but with the potential for more if the right developments come through.
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#dYdX #DeFi #CryptoTrading #Binance #Ethereum

The Token2049 conference in Singapore brought together leading crypto experts who shared their predictions for the future of the industry. The Federal Reserve’s rate cut could be a catalyst for Bitcoin and Ethereum to grow, opening up new opportunities for investors. Arthur Hayes predicted a short-term pullback, which he believes will be followed by another bullish rally. Vitalik Buterin noted significant progress in Layer 2 for Ethereum, which strengthens the network’s position for future growth.

Starknet, a layer-2 scaling solution for Ethereum, has been at the forefront of zero-knowledge rollup technology. It promises lower fees and higher transaction throughput without compromising on security or decentralization. However, despite its technological advancements, Starknet has been facing challenges that have affected its overall market performance. Investors are now asking: What’s driving Starknet’s recent downtrend?
Challenges with Adoption
One of Starknet's core issues is the slow pace of adoption. While the technology behind Starknet is impressive, it has struggled to attract a wide user base. Ethereum already has several layer-2 solutions competing for attention, including Arbitrum, Optimism, and zkSync, each offering unique scaling advantages. Starknet’s slower adoption rate, coupled with strong competition, has led to its diminished position in the market.
For any layer-2 solution to succeed, it requires both developers and users to build and use applications on its network. Unfortunately, Starknet's onboarding process for developers can be more complex than other solutions. This may have discouraged some projects from deploying on Starknet, opting for more accessible alternatives instead.
Complex Technology, Slow Integration
The reliance on zero-knowledge proof technology is one of Starknet’s strengths, but it’s also a significant hurdle. zk-rollups are still in their early stages, and although they offer substantial scaling potential, their implementation can be complex and resource-intensive. The slow pace of integrating this technology into a fully functional ecosystem has resulted in missed opportunities in terms of rapid growth and adoption.
Ethereum's transition to Proof of Stake (PoS) has also introduced its own scaling mechanisms, which has lessened the immediate need for layer-2 solutions like Starknet. With Ethereum's network now processing more transactions at lower fees, layer-2 projects must offer even more compelling value propositions to justify their use.
Declining Market Confidence
Another factor contributing to Starknet's decline is the overall market sentiment. In times of market uncertainty, investors often pull back from speculative projects or those that are still developing their ecosystem. Starknet’s relatively small footprint compared to larger layer-2 solutions has made it more vulnerable to market volatility.
This decline in market confidence is reflected in the lower trading volumes and decreased activity on the network. While the potential for Starknet remains, the current bearish sentiment is likely pushing investors to reconsider their positions until they see clear signs of growth and adoption.
Future Outlook: Can Starknet Rebound?
While Starknet faces significant challenges, its long-term potential should not be discounted. zk-rollups are still seen as a crucial part of Ethereum’s scaling strategy, and Starknet's expertise in this area could pay off once the market matures. However, the project will need to streamline its developer experience, build more partnerships, and demonstrate real-world use cases to regain market trust.
For now, the outlook for Starknet remains cautious. The technology is promising, but without a strong, active user base and significant adoption, the project may continue to struggle.
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#Starknet #Layer2 #Ethereum #DeFi