Ethereum Technical Analysis Report | 30th April 2024
ZebPay Blog
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19h ago
Recently, Ethereum (ETH), the world’s second-largest crypto asset, has faced persistent selling pressure, keeping its price below $3,200. Additionally, key on-chain indicators for Ethereum, such as a sudden decline in ETH gas fees, suggest a slowdown in network activity. Ethereum’s median gas price has reached a significant milestone, hitting its lowest level in three years. As of April 27th, the median gas price stood at a mere 6.43 gwei, marking the seventh lowest single-day gas median price recorded over the past three years. At the time of writing, ETH was trading at $3,071. ETH after m ..read more
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What are ERC Tokens?
ZebPay Blog
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1d ago
In the world of Ethe­reum, ERC-20 is a vital standard. It stands for “Ethereum Request for Comments 20.” ERC-20 is used to make tokens on the Ethereum blockchain. These tokens are special because they are fungible, meaning each token is the same as the others. They can be used interchangeably. ERC-20 sets rules that tokens must follow to be compliant. These rules outline key features. For example, balance_of() checks how many tokens an address has. transfe­r() allows sending tokens between addresses. approve() lets an address okay third-party spending of its tokens. These features are essentia ..read more
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Bitcoin Technical Analysis Report | 29th April 2024
ZebPay Blog
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2d ago
Bitcoin attempted to initiate a recovery rally this week but faced significant selling pressure as it approached the $67,000 mark. The dominant crypto, boasting the highest market capitalisation, is poised to conclude the week with a minor decline of approximately 2%. Bitcoin has remained within a narrow range of $59,600 to $73,777 for an extended period, reflecting a state of indecision among investors regarding the next directional move. Adding to the near-term pessimism is the trend of net outflows observed in spot Bitcoin exchange-traded funds. It was reported that a net outflow of $218 mi ..read more
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ZebPay Launches Limit Orders on Quick Trade
ZebPay Blog
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6d ago
ZebPay, India’s oldest crypto exchange launches limit order functionality on Quick Trade. With this feature, ZebPay becomes one of the few exchanges where you can place instant orders at the desired price for 150+ pairs. Read this blog further to know how to trade using the Limit order functionality on ZebPay. Head to the Quick Trade Section on ZebPay. Select the Coin you want to buy. Select the “Limit” Option. You can either enter the amount or the quantity which you want to buy. You can set the “Limit Price” as displayed on the screen. This will create an order to be executed at ..read more
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Cardano Price Prediction for 2024 to 2030
ZebPay Blog
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1w ago
Cardano, a decentralized third-generation blockchain platform, hosts the ADA crypto. It stands out as the pioneering platform to emerge from a scientific approach, prioritizing research. Built meticulously and validated by top engineers and academic authorities in blockchain and cryptography, Cardano emphasizes sustainability, scalability, and transparency. As a fully open-source initiative, its mission is to provide an equitable and robust infrastructure for global financial and social applications. A key objective is to extend dependable financial services to underserved populations. This ar ..read more
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Ethereum Technical Analysis Report | 23rd-April-2024
ZebPay Blog
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1w ago
Ethereum (ETH) has shown promising signs of a potential rally, despite Ethereum Exchange-Traded Products (ETPs) witnessing outflows. The recent uptick in price can be attributed to several factors, including the aftermath of the fourth Bitcoin halving and reports of a significant ETH purchase from a wallet linked to Justin Sun. In the last 24 hours, Ethereum’s price has climbed by 1.39%, reaching $3,214.11. This uptrend aligns with a favourable trajectory for the week, with a 2.16% increase, although it reflects an 8.40% decline over the month. These fluctuations indicate potential volatility ..read more
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Is Crypto the New Gold: Will Bitcoin Replace Precious Metals?
ZebPay Blog
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1w ago
When Bitcoin began attracting attention, it earned various names. “Digital gold” became one of its most popular titles. However, is it fair to compare this innovative crypto to precious metals beloved by cautious investors? To decide, consider both assets’ unique traits. Beyond being safe havens, precious metals like gold excel at hedging against inflation and preserving wealth. With currencies like the US dollar experiencing inflation and losing value, protecting one’s fortune from inflation is crucial. Though precious metals have kept wealth secure historically, some views are emerging with ..read more
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Navigating the Nexus: How Federal Reserve Interest Rates Shape the Crypto Landscape
ZebPay Blog
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1w ago
Introduction: The Federal Reserve, commonly referred to as the Fed, serves as the linchpin of the United States financial system. Among its crucial roles is the management of the nation’s interest rates, wielding influence over the cost of borrowing. Lowering interest rates makes borrowing more affordable, fostering economic fluidity by encouraging consumer spending and investment. Conversely, hiking interest rates dissuade borrowing, curtails the circulation of money within the economy, and aims to temper inflationary pressures. The oscillations of asset prices, spanning stocks, bonds, and ev ..read more
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Technical Chart Patterns to Look Out for in Crypto Trading
ZebPay Blog
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1w ago
Over recent years, crypto has emerged as a highly sought-after digital asset. Despite their increasing popularity, cryptos retain their characteristic volatility, rendering them ideal for trading purposes. Chart patterns serve as valuable tools for refining your crypto trading strategies. This guide aims to enhance your comprehension of prominent chart patterns relevant to crypto trading.  Understanding Chart Patterns Charts give traders information on what buyers and sellers are doing. They show how many want to buy and how many want to sell in a picture. These pictures help e­xperts kno ..read more
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Best Most Used Indicators for Intraday Crypto Trading
ZebPay Blog
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1w ago
Trading crypto during the day involves rapidly starting and ending positions before the day’s end. Day traders hope to gain from market ups and downs by analyzing price moves, buying low, then selling high, or selling high to cover lower costs. The aim is to earn income from price shifts throughout the trading day. What are Intraday Indicators? Traders use top indicators for intraday trading strategies. These tools help analyze trends, find entry and exit points, and manage risks. Many factors determine the best indicators for day trading. Moving averages spot trends and reversals. RSI and sto ..read more
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