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The European-Mediterranean Seismological Centre reported that a 5.8-magnitude earthquake struck off the coast of Vanuatu at a depth of 10.0 kilometers.On October 24th, French President Emmanuel Macron stated on the evening of the 23rd that the shooting that occurred that morning in the Yvelines department was a "racist terrorist attack," which has so far resulted in one death and five injuries. Macron traveled to Trapp, one of the locations of the attack, that evening. He stated there that current investigations indicate the perpetrators carried out the attack based on a "racist ideology." Macron said, "Racism has infiltrated public discourse; this is a fact," and France must resolutely combat it.Market news: Iran stated at the United Nations that no country has the right to amend the Treaty on the Non-Proliferation of Nuclear Weapons to deprive Tehran of its nuclear energy rights.GFZ (German Center for Geosciences): A 7.1-magnitude earthquake has struck the Vanuatu Islands.On October 24th, in response to threats from the US government, Cuban President Miguel Díaz-Canel stated on social media on the 23rd that the Cuban people are determined to defend their national independence. Díaz-Canel wrote, "It is worth remembering that the Cuban people achieved true independence on January 1, 1959, and we are determined to defend it. Cuba is not a threat; the blockade is." Earlier that day, US President Trump stated at a campaign rally in Florida that the US was prepared to "sideline" resolve the Cuban issue after ending the war with Iran. On the same day, US Secretary of State Marco Rubio posted on social media that "now is the time" to create "positive change" in Cuba, encouraging "those who want change" to establish a "partnership" with the CIA.

ETH Price Prediction: Bearish Sentiment to Test Support at $1,000

Jimmy Khan

Jul 04, 2022 14:54

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Ethereum (ETH) increased by 0.76 percent on Saturday. ETH finished the day at $1,066 after losing 1.12 percent on Friday.


ETH saw a negative start to the day, dropping to a low of $1,027 in the late morning before making a rise.


ETH hit a late high of $1,077 before dropping down after finding support around the First Major Support Level at $1,024.


Despite the gains, ETH was unable to surpass the $1,101 First Major Resistance Level.

An end to the bulls' six-day losing run was a good thing.


ETH suffered this morning along with the larger crypto market as market headwinds persisted.

The merger may provide the boost need to reach $2,000 again.


Ethereum and the top 10 cryptocurrencies have been impacted by broader crypto market factors. Bearish attitude persists despite the conclusion of a six-day losing skid.


The crypto market continues to be adversely affected by worries about a US economic slowdown and central bank monetary policies.


However, the switch to the Proof-of-Stake protocol continues to be a major motivator for Ethereum.

The Ethereum community this week took solace in preventing the explosion of a "difficulty bomb" buried deep inside Ethereum's code.


Tim Beiko, an Ethereum engineer, announced the success of the Gray Glacier update, which postponed the difficulty bomb until September.


Even though the Merge could increase prices, cryptocurrency headwinds may outweigh any effects on ETH. The verdict in the SEC vs Ripple case, in which William Hinman argues that ETH is the key to the Ripple argument, may also have an impact.