ETH, the native cryptocurrency that powers the smart contract-enabled decentralized Ethereum blockchain, is consolidating near the $1,250 mark on Thursday after posting decent gains in the first few days of the week. In fact, despite being down 2% from Wednesday’s high in the $1,270 area, ETH is still up nearly 4.0% this week, following a clear upside break of both its 21- and 50-day moving averages on Wednesday.

In the wake of the recent rally, which appears to be more technically driven amid the lack of any notable Ethereum-specific catalysts, short-term price predictions have become more bullish. However, macro headwinds could be a problem for the bullish momentum, with Fed officials sounding bullish (in speeches and via the release of Wednesday’s meeting minutes) and US labor market data (so far) coming in strong.

So maybe the Fed’s tighter bets could push ETH back to where it started the week in the $1,200 area. But amid a positive technical picture, a retest of these levels could attract substantial buying interest. After breaking out of a medium-term downtrend earlier this week, ETH bulls are targeting a final test of the December high in the $1,340 area as well as a possible test of the 200DMA at $1,390.

However, whether ETH can continue to move above these levels is another matter. The cryptocurrency is locked inside a descending trend channel that has been in play since July 2022. And the ongoing headwinds in the broader crypto sector due to the still very aggressive Fed and weak US economy suggest that a major break may not be imminent in the coming weeks. of months.

That being said, many expect the macro headwinds to subside later this year. Many economists expect US inflation to continue declining sharply toward the Fed’s 2.0% target, and this should eventually give the US central bank room to begin cutting interest rates to support growth, thereby significantly weakening the is also expected. This could result in a substantial increase in risk assets. ETH bulls will hold on to hopes that the world’s second-largest cryptocurrency by market capitalization can return to its pre-merger highs from last August in the $2000 region.

In addition to potential macro tailwinds that could lift Ethereum this year, the Ethereum blockchain protocol will also be undergoing several significant changes/upgrades that could also whet investor appetite. The first major upgrade will be the so-called “Shanghai” hard fork, which is scheduled for March.

The main benefit of this hard fork will be that ETH network validators will eventually be able to withdraw the ETH they stake to secure the network. Analysts believe that by enabling staked ETH withdrawals, more investors will be attracted towards ETH staking, which is generally in the region of 4-5%. Some speculate that this could substantially increase the demand for cryptocurrencies.

Ethereum developers also hope to make progress towards making the Ethereum blockchain more scalable through “sharding” – this is essentially where the Ethereum network is divided into multiple parallel blockchains (shards), making it more scalable. Allows more data and transactions to be processed. The developers have tentatively scheduled a sharding upgrade for the fall.

With the broader cryptocurrency market still struggling in early 2023, traders/investors may be looking to diversify their holdings with assets that stand a better chance of posting short-term gains.

Fight Out, a brand new move-to-earn (M2E) fitness application and gym chain that wants to bring the fitness lifestyle to Web3, has started its pre-sale and investors see the project as an alternative to the existing Web3 M2E. can change the scenario. While existing M2E applications like STEPN only track steps and require expensive non-fungible token (NFT) buy-ins to participate, Fight Out does more to track and reward its users for their exercise and activity. Takes a holistic approach, and does not require any expensive purchases to participate.

Fight Out’s FGHT tokens are currently selling at 60.06 per 1 USDT, and interested investors are encouraged to act fast to secure their tokens, with the pre-sale already raising $2.65 million in just a few weeks. collected more than FGHT is the token that will power the Fight Out crypto ecosystem.

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Those interested in investing in a promising crypto trading platform start-up need look no further than Dash 2 Trade. The emerging analytics and social trading platform is expected to take the crypto trading space by storm with its unique features.

These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system, and a strategy back-testing tool. Dash 2 Trade’s ecosystem will be powered by D2T tokens, which users will need to purchase and hold in order to access the platform’s features.

The Dash 2 Trade pre-sale is actually sold out now, but fortunately, due to the huge demand from investors, the project is still selling tokens to investors. Sales have just passed $13.7 million and the pre-sale dashboard is due to be released soon, with the development team currently running ahead of schedule. Each token is currently selling for $0.0533 and will be listed on several centralized exchanges starting this month.

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The carbon credit industry is estimated to be worth $2.4 trillion by 2027. Democratizing access to reap these benefits is going to drive massive business in the years to come and this is something crypto start-up C+Charge hopes to achieve. C+Charge is currently building a blockchain-based peer-to-peer (P2P) payment system for EV charging stations that will allow drivers of electric vehicles (EVs) to earn carbon credits.

C+Charge aims to promote the role of carbon credits as a key incentive for EV adoption. Currently, large manufacturers of EVs such as Tesla earn millions by selling carbon credits to polluters. C+Charge seeks to democratize the carbon credit market by allowing these rewards to go into the hands of EV owners instead of just large businesses.

C+Charge has just launched the pre-sale of CCHG tokens that its platform will use to make payments at EV charging stations. Each token is currently selling for $0.013, however by the end of the presale, it will increase by 80%. The project has raised nearly $78,000 in just a few weeks. Thus, investors interested in getting in early on a promising eco-friendly cryptocurrency project should act fast.