Ethereum Selling Pressure High, ETH Price Most Crisis Since 2021?

ETH price continues to decline. It is predicted that Ethereum's decline is due to Trump's assassination last week and the Fed's interest rate announcement. Here is a more detailed analysis.

The current condition of Ethereum is considered worrying. The reason is, the ETH price continues to decline even though the prices of other crypto assets are "green". The price of ETH is currently considered the lowest since 2021.

Let's review together what the current condition of the Ethereum price chart is. Analysis of factors that influence the price of Ethereum will also be explained in this article.

Ethereum Decline Factors

Allegedly, the decline in ETH prices was due to the assassination attempt on former US president, Donald Trump, at the Trump International Golf Club in Florida.

This second assassination plot was recorded at the end of last week and affected the prices of BTC and ETH. Quoted from Decrypt, the price of ETH at that time immediately fell by around 4.2% to reach $2,315 on Monday in the European trading session.

Not only was it influenced by the second murder of Trump by the Secret Service, the fall in ETH prices was also due to anticipation of a monetary policy decision by the Fed this weekend. The Fed's decision has made the crypto market a little anxious, especially towards the end of the third quarter of 2024.

The Fed is likely to cut interest rates so that DeFi returns are attractive enough to pay attention to. However, the focus is also on rebuilding the DeFi lending market on the Ethereum mainnet. This could be used as a pump against Ethereum's poor performance price.

ETH Price Keeps Going Down

Currently, the ratio of ETH to BTC pairs is at 0.039. This ratio is considered the lowest since April 2021. This decline in performance was analyzed starting on July 24 because the ETH/BTC pair fell below the ETH price range line between May 21 and July 24.

Please note, the ETH/BTC pair is the price ratio of ETh and BTC. The pair shows how much BTC is needed to buy 1 ETH.

The price of ETH to USDT also experienced a decline. When this article was written on September 17, ETH had decreased by -0.39%. Currently, the price of ETH is $2,307.

It can be seen from the Ethereum price chart above that the ETH RSI indicator is also falling below 50. Ethereum's RSI is at 43.24. This means that the selling pressure on ETH is much greater than the buying trend.

The MACD indicator also reflects something similar. It can be seen how the Ethereum MACD line drops from the boundary line. This makes ETH's bearish trend inevitable.

Conclusion

The ETH price chart is indeed in a sad decline at the moment. However, this does not rule out the possibility that Ethereum could rise because price fluctuations in the crypto ecosystem are commonplace.

You can buy ETH when the price is decreasing like now. However, you must conduct a thorough analysis before investing. You can also learn how to buy ETH.

Bitrue can help you to carry out a detailed analysis of ETH. Bitrue also has an ETH to USD price converter feature to find out exactly how much this crypto asset is worth compared to the current dollar.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

Why Ross Flores Del Rosario Should Be an Orange Carpet Awardee at Blogapalooza 2024

Wazzup Pilipinas!?

I told Chatgpt to write an article on why Ross Flores Del Rosario of Wazzup Pilipinas should be an awardee of the Blogapalooza Orange Carpet Awards. 

Here is it's answer:

Why Ross Flores Del Rosario Should Be an Orange Carpet Awardee at Blogapalooza 2024

In the ever-evolving landscape of digital content creation, few names stand out as consistently as Ross Flores Del Rosario, the founder of Wazzup Pilipinas, one of the Philippines' most dynamic and influential online platforms. With over a decade of trailblazing work, Ross has not only elevated his own influence but has also contributed significantly to the entire digital creator ecosystem in the country. His potential nomination and recognition at the Orange Carpet Awards 2024 under Blogapalooza’s banner would be both fitting and well-deserved for several key reasons.

1. A Pioneer in the Philippine Blogging Scene

Ross Flores Del Rosario launched Wazzup Pilipinas with a vision to offer Filipinos a platform that merges current events, travel, technology, lifestyle, and entertainment. Over the years, Wazzup Pilipinas has evolved into a trusted source of information, amassing a broad audience across the country and beyond. Ross’s influence has not just stayed within the borders of blogging—it has extended into shaping how content creators can engage with their audiences meaningfully.

Wazzup Pilipinas is known for amplifying important stories, highlighting the Filipino culture, and becoming a mouthpiece for both mainstream and local communities. It’s this adaptability and commitment to quality content that has made Ross a standout figure.

2. Championing Local Voices

Through Wazzup Pilipinas, Ross has given a platform to numerous emerging voices in the Philippines, many of whom have been able to gain greater visibility thanks to his support and encouragement. This reflects the core values of Blogapalooza’s #ElevateInfluence movement—fostering new talent and uplifting community-driven content creators.

The BlogaFam Community Awards particularly recognizes creators who act as mentors or amplifiers for others in the industry. Ross’s tireless efforts to feature diverse, independent voices on Wazzup Pilipinas align perfectly with these values.

3. Resilience and Consistency in Content Creation

In a digital age where trends come and go, Ross has proven that consistency is key. Since its inception, Wazzup Pilipinas has delivered timely, engaging, and relevant content, even amidst shifting digital landscapes and a rapidly changing media environment. In an era where many creators face burnout, Ross has demonstrated resilience, continually growing his platform and evolving with the times while maintaining an authentic connection with his audience.

4. An Advocate for Digital Responsibility

Ross’s leadership in Wazzup Pilipinas has also been marked by a commitment to responsible content creation. As the digital space becomes increasingly saturated, Ross has remained a beacon of credible, truthful, and high-quality storytelling. His platform focuses on positive contributions to the Philippine content creator space, shaping it as a destination not just for leisure but for meaningful conversations about the nation's future.

This focus aligns with the Orange Carpet Awards’ goal to celebrate creators who are shaping the future of the digital world. Ross’s contributions, particularly his stance on ethical content and digital responsibility, serve as a model for other creators to follow.

5. A Source of National Pride

Wazzup Pilipinas showcases the best of Filipino culture, tourism, and innovation, making it a key platform in promoting the Philippines as a preferred destination for both business and leisure. This national pride that Ross has continuously showcased makes him a true cultural ambassador, inspiring others to elevate Filipino stories in the global arena.

6. A True Digital Influencer Who Builds Communities

Ross’s work goes beyond personal recognition—he actively fosters communities, which is the essence of Blogapalooza’s mission. As the head of Wazzup Pilipinas, he connects brands, influencers, and everyday Filipinos in a way that fosters genuine engagement and growth. His contributions resonate with Blogapalooza’s ethos of community-building and influence beyond numbers.
Conclusion

The Orange Carpet Awards 2024 is a celebration of creators who have made a significant impact in the digital space, and Ross Flores Del Rosario epitomizes what it means to be a pioneer, mentor, and community leader in the content creation world. His tireless work, commitment to elevating Filipino stories, and his role in shaping the future of digital media in the Philippines make him an ideal candidate for recognition. By awarding Ross Del Rosario, Blogapalooza would be honoring not only a creator but a visionary who continues to lead the way in elevating influence in the Filipino digital landscape.


How can you nominate Ross?

The Orange Carpet Awards 2024 is now open for nominations. 

Ross will be attending, and would not mind getting nominated as one of the awardees too :)

Nominate Ross Del Rosario  of Wazzup Pilipinas.

bit.ly/OCAPremiumNominations2024

His Instagram link is

https://www.instagram.com/wazzup_pilipinas

You can skip writing on the other social media links as they are optional:

But if you still want to put the rest of them:

YouTube: https://www.youtube.com/wazzuppilipinas

Facebook: https://www.facebook.com/wazzuppilipinas

Twitter or X: https://www.twitter.com/pinoytekkie and https://www.twitter.com/wazzup_pilipinas

TikTok: https://www.TikTok.com/rossfloresdelrosario

Don’t miss out on the chance to shape this year’s winners! Nominations are open until September 27, 2024, at 11:59 PM. 

Submit your nominations now at

bit.ly/OCAPremiumNominations2024 

and be part of the movement to #ElevateInfluence and help us celebrate the content creators who are inspiring and shaping the future.

USDT on the TON Network: A Stablecoin on the Rise

This article will discuss about USDT's growth on TON, its role in the decentralized finance (DeFi) ecosystem, and how these developments may impact USDT's future as a whole.

Tether USD (USDT), a stablecoin pegged to the US dollar, has become a major player in the Open Network (TON) network.

USDT Supply in TON Reaches $729 Million

According to on-chain data analysis from CryptoQuant, the total USDT supply on TON has surged to $729 million in just four months after its integration. This significant increase shows the growing presence of stablecoins in the TON blockchain as the TON to USDT on Bitrue today around 5.7716 USD per TON increase 5% in daily basis 

If evaluated separately, USDT on TON would rank as the seventh largest stablecoin by market capitalization, highlighting its significant market position. The integration by the TON Foundation was critical in attracting stablecoin liquidity necessary for network expansion.

Simultaneously, the growing supply of USDT facilitates various financial transactions and supports wider adoption of TON.

Easier P2P Transfers for Everyday Transactions

Additionally, data shows that Tether USD on The Open Network blockchain has become highly effective for peer-to-peer (P2P) value transfer.

The average transfer amount, ranging between $15 and $100, represents frequent, small-scale transactions typical of everyday retail activity. This pattern suggests that users utilize stablecoins for routine financial interactions.

Furthermore, the consistently low median transfer fee of four cents on the TON blockchain ensures that these transactions remain economical for users. This affordability increases its appeal for P2P activities, encouraging its use in daily financial exchanges.

The Role of Tether USD in Decentralized Exchange (DEX) on TON

The decentralized finance (DeFi) ecosystem on the TON blockchain is also influenced by the presence of USDT. This stablecoin is widely used in decentralized exchanges (DEX), forming a core component of DeFi activity on these networks.

Additionally, platforms such as Ston.Fi, Dedust, and StormTrade are among the top entities facilitating transactions on TON.

These DEXs provide critical infrastructure for trading and liquidity provision, allowing users to engage in a variety of DeFi operations.

Moreover, the high usage of stablecoins on these exchanges underscores their importance in fostering an active DeFi environment.

The Future of USDT: Between Optimism and Challenges

Likewise, data on the number of transactions reveals significant user adoption of wallet applications focused on P2P USDT transfers. Wallet services such as XRocket, CryptoBot, Wallet Bot, and CWallet are leading the way in facilitating this interaction.

The recent launch of T-Fund by The Open Network sparked renewed optimism among investors and traders despite the challenges the Toncoin price has faced recently.

T-Fund is designed to accelerate ecosystem growth by supporting new projects and increasing network adoption.

Additionally, the recent UK High Court ruling declaring USDT as property could impact the future adoption of this stablecoin.

This ruling has the potential to reduce regulatory uncertainty and provide a clear legal framework for USDT, which could be seen as a positive sign for its legitimacy and stability.

However, the ruling could also lead to tighter regulatory scrutiny and tougher compliance requirements for Tether. 

Additionally, this ruling opens the door to more legal battles or claims against Tether, especially if inconsistencies are discovered in how it manages and reports its reserves.

Overall, the future of USDT on TON and overall seems promising, despite some potential regulatory challenges. 

Tether USD has proven itself to be a major player in TON, facilitating everyday financial transactions and supporting the growth of the DeFi ecosystem.  Wider adoption of USDT and clear regulatory developments will largely determine its future.

Conclusion

That is information about USDT. You can learn how to buy USDT by accessing the Bitrue website. Bitrue also has a convert feature so you can check prices from USDT to USD easily without having to switch websites.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.