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- 07:30Matrixport: Ethereum's RSI has fallen to a historical low, combined with the Pectra upgrade, it may drive the price of ETH to reboundOdaily Planet Daily reports that Matrixport released a chart today stating that the Relative Strength Index (RSI) of Ethereum has fallen to a historical low, approaching an extreme oversold range. This usually means that after recent significant pullbacks, ETH prices may have conditions for a rebound. In addition, the highly anticipated Pectra upgrade plan for Ethereum is set to launch in March 2025, which is expected to significantly improve network scalability, efficiency and user experience. This upgrade will merge the originally planned Prague and Electra versions to create more powerful technical updates.Before the official launch of the upgrade in March, it is expected that multiple testnet announcements will be released by market analysts which could potentially boost market sentiment. Although past upgrades of Ethereum often accompanied "sell-off news" trends, under current oversold conditions this upgrade might create an opportunity for ETH price recovery.
- 07:26Santiment: ETH experiences the largest scale CEX withdrawal in nearly two years, long-term investors still full of confidenceChainCatcher reports that according to a chart report released by the cryptocurrency market research institution Santiment, approximately 224,410 ETH were transferred out of trading platforms within 24 hours from February 8th to 9th, setting a historic milestone. This is the largest single-day net outflow of Ethereum from known trading platform wallets in the past 23 months. Although this is more of a long-term indicator, it still sends a positive signal for the currently depressed Ethereum price. The outflow of assets from trading platforms usually indicates that investors are confident in holding for the long term. A reduction in tokens available for public sale on the market also means that there's less likelihood of large-scale sell-offs happening in future. It should be noted that Ethereum's performance up until 2025 will largely depend on whether Bitcoin can maintain stability and attempt to rebound back to its historical high point.
- 06:48The active level of Core ecosystem developers has increased significantly, and the stCORE re-staking plan promotes the development of BTCfiOn February 10th, the official news stated that the Core ecosystem will see a surge in developers in 2024, with over 10,000 developers participating in the Core Dev course, 2,000 + developers officially joining, and 31,000 + smart contracts deployed on the chain. With the continuous expansion of the BTCfi ecosystem, more and more developers are starting to build and optimize Bitcoin-related applications in the Core ecosystem, injecting more momentum into on-chain innovation. Meanwhile, Core recently launched the stCORE re-staking program in collaboration with Pell Network. Users who re-stake stCORE on Pell can enjoy 5x Sparks incentives and 1.5x Pell Points. The program lasts for three weeks and aims to enhance the liquidity of BTCfi assets while providing more attractive returns for long-term holders. With the launch of Pell Network's stCORE Wave program, users can also obtain additional Pell Points in Galxe tasks, further increasing the incentive intensity. The technological development of the Core ecosystem and the BTCfi narrative are rapidly advancing. In the future, there may still be significant room for expansion in areas such as developer growth, pledge income, and liquidity improvement.