The world of digital currencies has seen significant advancements, and Ethereum (ETH) investors are beginning to recognize the power of returns. Fundamentally, yields refer to the returns investors receive from holding a particular digital currency.
One digital currency that benefits from the power of returns is Ethereum, with its growing decentralized system and smart contracts. ETH has the potential to generate substantial fees for investors through its use as a platform for decentralized finance (DeFi) applications.
In a recent post, Adam Cochran emphasized the importance of focusing on asset productivity and real returns in the realm of digital currencies. While there may be current narratives suggesting that fundamentals are not important and market sentiment dominates, Cochran believes that the true value of assets will eventually become apparent.
According to Cochran's data, individuals who already hold assets will have an advantage since they can profit from selling additional securities at an APY (Annual Percentage Yield) of 2% based on the stated asset value. This is particularly relevant in the volatile and rapidly changing digital currency space, where prices can fluctuate significantly.
Token Unlock reports that the current annual yield for ETH is 8.6%, which is historically high. Following the Shanghai upgrade, a total of 3.4 million ETH has been deposited into the ETH2.0 contract.
At the same time, 2.67 million ETH has been withdrawn, resulting in a net deposit of 734.92k ETH, equivalent to $1.4 billion. Additionally, the stETH APR has also increased to a record high of 8%.
This news comes after the successful implementation of the Shanghai upgrade on the Ethereum network. The upgrade aimed to enhance scalability and efficiency, addressing long-standing concerns such as high fees and transaction speed.
The direct outcome of the upgrade is a significant increase in activity, particularly with 3.4 million ETH being deposited into the ETH2.0 contract. This demonstrates increased confidence among investors in the potential of Ethereum. Furthermore, the withdrawal of 2.67 million ETH indicates strong participation and commitment to the network. These trends highlight the intent of stakeholders to stake their Ethereum holdings, reflecting belief in the future prospects of the network.
Resistance: 1824.51, 1838.94, 1852.40
Support: 1796.62, 1783.16, 1768.73
Source: Investing.com| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 1768.73 | 1783.16 | 1796.62 | 1811.05 | 1824.51 | 1838.94 | 1852.40 |
| Fibonacci | 1783.16 | 1793.81 | 1800.40 | 1811.05 | 1821.70 | 1828.29 | 1838.94 |
| Camarilla | 1802.40 | 1804.96 | 1807.51 | 1811.05 | 1812.63 | 1815.18 | 1817.74 |
| Woodie's | 1768.23 | 1782.91 | 1796.12 | 1810.80 | 1824.01 | 1838.69 | 1851.90 |
| DeMark's | - | - | 1789.89 | 1807.68 | 1817.78 | - | - |
Buy/Long 1: If there is a touch of support in the price range of 1783.16 - 1796.62 but unable to break the resistance at 1796.62, you may consider setting a TP around 1838.94 and a SL around 1768.73, or according to your acceptable risk level.
Buy/Long 2: If you can break the resistance in the price range of 1824.51 - 1838.94, you may consider setting a TP around 1852.40 and an SL around 1783.16, or according to your acceptable risk level.
Sell/Short 1: If there is a touch of resistance in the price range of 1824.51 - 1838.94 but unable to break the resistance at 1824.51, you may consider setting a TP around 1783.16 and an SL around 1852.40, or according to your acceptable risk level.
Sell/Short 2: If you can break the support in the price range of 1783.16 - 1796.62, you may consider setting a TP around 1768.73 and an SL around 1838.94, or according to your acceptable risk level.
| Name | Value | Action |
| RSI(14) | 48.440 | Neutral |
| STOCH(9,6) | 62.623 | Buy |
| STOCHRSI(14) | 50.054 | Neutral |
| MACD(12,26) | -5.890 | Sell |
| ADX(14) | 35.960 | Sell |
| Williams %R | -54.022 | Neutral |
| CCI(14) | 4.5998 | Neutral |
| ATR(14) | 19.2286 | Less Volatility |
| Highs/Lows(14) | 0.0000 | Neutral |
| Ultimate Oscillator | 56.527 | Buy |
| ROC | 0.325 | Buy |
| Bull/Bear Power(13) | -4.6339 | Sell |
|
Buy:3 Sell:3 Neutral:5 Summary:Neutral |
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