✅Ethereum Holds Uptrend Support And Could Aim Fresh Rally To $1,800

Ethereum Price Eyes Fresh Increase

Ethereum’s price started a decent increase above the $1,700 level. ETH climbed toward the $1,750 zone before the bears appeared, like Bitcoin.

A high was formed near $1,747 and the price recently started a downside correction. There was a move below the $1,720 level. It even traded close to the 50% Fib retracement level of the key increase from the $1,640 swing low to the $1,747 high.

However, the bulls are active above the $1,680 level. Ether is now trading above $1,690 and the 100-hourly Simple Moving Average. Besides, there is a connecting bearish trend line forming with resistance near $1,705 on the hourly chart of ETH/USD.

On the upside, the price might face resistance near the $1,700 level and the trend line. The next resistance is near the $1,710 level. A close above the $1,710 level might send the price toward the $1,750 zone. If there is a clear move above $1,750, Ethereum could rise toward the $1,800 resistance. Any more gains might send the price toward the $1,850 resistance.

More Losses in ETH?

If Ethereum fails to clear the $1,710 resistance, it could continue to move down. Initial support on the downside is near the $1,690 level. The first key support is close to $1,680 or the 61.8% Fib retracement level of the key increase from the $1,640 swing low to the $1,747 high.

The next major support is near the $1,665 level. If there is a downside break below $1,665, the price could extend its decline toward the $1,620 level. Any more losses might send the price toward the $1,540 level in the near term.

✅More than 8 million deposits, 10%deposit discount!

Today, we have worked uninterrupted for 239 days and received more than 8 million global membership deposits. This is a memorable day. Since June, our deposit has achieved leapfrog growth, which is a positive and appreciation of investors' work. In future work, we will continue to maintain our work and provide our investors with long -term and safe deposit plans.

In order to give back to our members, we provide 10%of the deposit discounts from August 31st to September 6th.

This offer includes cash deposits and deposits from balance. All deposits discounts will be sent to it within 24 hours after the deposit is confirmed.

For our member's account, you can use discounts to complete the deposit or withdraw troops at any time. If you have any questions in the deposit, please contact our on -site support. We are happy to provide solutions!

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If our investors have any questions about deposits, please refer to our common questions and answers (
https://planetaryasset.com/?a=faq), or send an email to us.

Best wishes!
PlanetaryAsset Management Team

✅HENBBO EXPANDS SUPPORT FOR USDC STABLECOIN ON ERC20 NETWORK

Recently, the Henbbo fund has added support for the USDC stablecoin on its online platform. Over the past few months, the usage activity of this coin among our investors has been steadily increasing. In order to make the utilization of our services even more convenient, we are expanding our support for USDC. Now, our clients can use this coin in the ERC20 standard on the Ethereum blockchain.

The USD Coin (USDC) is a centralized stablecoin pegged to the US Dollar. The issuer of the stablecoin is CENTRE, a consortium of American companies including Circle and Coinbase. USDC is backed by reserves of debt securities and cash, which are held on the balance sheets of regulated financial institutions in the United States and undergo regular audits.

The price of 1 USDC equals $1 and has shown extremely low deviation from the target level (less than 1%) over the past 3 years. Currently, nearly 26 billion USDC are in circulation, with a daily trading volume of approximately $4 billion. All of this makes USDC a highly stable and convenient choice for converting and preserving one's own crypto assets.

The expansion of support for the USDC stablecoin on the ERC20 network provides even more opportunities for investors to earn through crypto staking and launchpad trading on the Henbbo platform. Furthermore, it enhances the resilience and trust from clients towards our company's services.

Our team continuously develops and integrates new features to ensure that the company's clients achieve the best results from using the Henbbo online platform.

Henbbo – Smart investments will change your life!

✅Solar stations installed near the equator will provide energy to the entire planet

It is at the equator that the best place to collect solar energy, the researchers say. In their opinion, solar stations floating in calm marine and oceanic regions could effectively supply an unlimited amount of solar energy to densely populated countries in Southeast Asia and West Africa, as well as the whole world.

For example, solar energy in Indonesia alone can generate about 35,000 terawatt hours (TWtg) of solar energy per year, which corresponds to the current world's electricity production (30,000 TWG per year). The equatorial part of West Africa near Nigeria also has the greatest potential for marine floating solar stations, scientists believe.

Floating solar panels can also be placed on inland lakes and reservoirs. Indoor floating solar energy has great potential and is developing rapidly. Scientists have already calculated that according to heat maps, you can quickly find regions where there have been no large waves or strong winds over the past 40 years. Floating solar panels in such regions do not need powerful and expensive engineering protection.

Regions where there are no waves higher than 6 meters and winds stronger than 15 meters per second can generate up to one million TWh per year. This is about five times more annual energy than is needed for a completely carbon-free world economy supporting 10 billion people.

✅THE ONLINE PLATFORM HENBBO NOW OFFERS THE OPTION TO CHOOSE THE PORTUGUESE LANGUAGE.

Despite being a medium-sized country in Western Europe, the Portuguese language ranks fifth among the most widely spoken languages in the world. It is the official language of Brazil, Angola, Cape Verde, Guinea-Bissau, and others. Portuguese has gained the most prominence in Latin America, where it is the second most spoken language after Spanish.

By general estimates, around 250 million people worldwide speak Portuguese as their native language. Considering those for whom Portuguese is a second language, the total number of Portuguese speakers is approximately 274 million.

A significant positive factor is that both in Portugal itself and in several South American countries, there is active development in the digital industry as a whole, including the cryptocurrency sector. State-imposed restrictions and taxation on crypto operations do not alter the overall trend but rather slightly constrain its dynamics.

This is precisely why Henbbo's business plan includes adding the Portuguese language to its online platform. Along with the company's efforts to develop its presence in Latin America, this will serve as a strong incentive for our existing and potential investors in Portuguese-speaking countries.

The addition of the Portuguese language to our platform and the implementation of the company's South American segment development program are coordinated steps taken by Henbbo to ensure the global availability of its services for investors all around the world.

Henbbo – smart investments that will change your life!

✅THE CRYPTOCURRENCY MARKET HAS COME ALIVE IN ANTICIPATION OF THE OPENING OF FUTURES TRADING ON COINBASE.

Coinbase has obtained a license from the US market regulator, the Commodity Futures Trading Commission. This will allow the exchange to offer clients in America access to cryptocurrency-based futures trading.

The ability to conduct operations using leverage will require clients to make smaller initial investments compared to traditional spot trading. Investors will also be able to use tools to manage risks associated with underlying crypto assets.

According to experts' estimates, the cryptocurrency derivatives market currently accounts for about 75% of the turnover of digital assets, around $900 billion. The Henbbo Fund, along with many major companies, is also actively expanding its presence in this segment.

As part of the company's development program, we invite all our investors to participate in the Henbbo bonus promotion and receive additional profit.

To participate in the promotion, make a deposit for:

• Classic plans - get +1.5% of the deposit to your balance
• Premium plans - get +3.8% of the deposit to your balance
• Deluxe plans - get +7.2% of the deposit to your balance
• Long plans - get +12% of the deposit to your balance

Additional bonus funds will be credited to your account and are available for withdrawal, and your activity will stimulate the development of the cryptocurrency market as a whole.
The promotional offer is valid until 14:00 GMT August 24th.

Henbbo - smart investments will change your life!

✅Safety tips, please check the electronic wallet before withdrawing

Today, during a routine network security inspection, we found that hackers were trying to crack our investor's login account and password. Now we have urgently dealt with the matter. Here, we warn our investors to check your electronic currency wallets before sending the withdrawal request to ensure that the redness can be sent to your wallet correctly.

We have made a lot of work on network security, and we make the following suggestions:

1. Set the complicated combined passwords include, but not limited to numbers and lowercase letters.

2. "Two Factor Authentication" of Google Authenticator of the account (you can find it in your account "Safety Settings")

3. We launched the "Riot Crack" program for hacking attacks. If your username continuously enters the password more than 10 times, your account will be temporarily locked. You can re -activate your account through the activation mail we send. If you cannot receive activation emails, send emails to our on -site support for help!

4. Check your wallet when you withdraw troops to ensure that it is correct, so that we can ensure that our payment can be delivered safely.


Thank you again for our investors that we will continue to provide long -term and safe investment environment. best wishes!

PlanetaryAsset Management Team

✅Bitcoin Market Analysis: Key Price Levels And Metrics To Watch

Currently, the Fear and Greed Index for Bitcoin sits at 37, which is indicative of strong fear permeating the market. Typically, such a low level on this index suggests that market participants are apprehensive about the near-term future, often leading to a self-fulfilling prophecy of sorts where the selling pressure increases.

An In-Depth Look At Bitcoin CVDs & Delta

Renowned analyst Skew has highlighted the role of Cumulative Volume Delta (CVD) in understanding the current market dynamics today. “BTC Aggregate CVDs & Delta reveal limit spot sellers here with shorts pushing for control.” This means that even as traders are looking to buy at market prices (takers), those willing to sell are setting limits, adding a ceiling to any short-term bullish momentum.

The specific price point to note here is $26,100. “This level has acted as a magnet for limit sellers,” Skew notes, “and is backed by the pattern seen in spot CVD versus price so far.” In other words, spot takers are being absorbed by limit sellers at this price, constraining upward movement.

Perpetual CVD (Perp CVD) also deserves attention as it “moves lower in line with longs closing out and new shorts coming in.” This suggests that traders are not only covering their long positions but also opening new short positions, in line with the current bearish price action.

Examining specific exchanges like Binance and Bybit gives further granularity to the analysis. According to Skew, “Longs got rinsed in that sweep below $25,800, thereby marking that level as a key pivot point.” Open Interest (OI) on Binance saw a reduction of 6,000 BTC, and Bybit OI was down by 3,000 BTC – all in long positions that were liquidated.

The liquidation of longs at these levels presents a clear risk for any bullish scenarios. “Clear risk for longs is below $25,800,” Skew asserts, making it an essential level to watch for traders who are net long.

MacroCRG, a renowned market analyst, added to the analysis that large amount of longs were liquidated again during yesterday’s BTC dip: “More pain for #Bitcoin longs as another $300M+ of open interest was wiped out overnight by a downside sweep. When will it end?”

However, there could be a silver lining, as Skew puts it: “Likely to see apes rage shorting this soon.” But so far, Bitcoin’s open interest (OI) remains flat after Thursday’s flush. OI currently stands at $10.88 billion (after being above $14 billion).

BTC’s OI-weighted funding rate has already turned positive again at +0.0060. If the value turns negative for several days, as it did before the March 2023 rally, it could be a sign that a short squeeze is on the cards. However, after Thursday’s crash, the metric remained in negative territory only for a short time.

BTC Short-Term Holders and Velocity

On-chain specialist Axel Adler Jr. points out that the short-term Bitcoin holders (STH) cohort has decreased their holdings by a significant 400,000 BTC. This mass exodus has put considerable selling pressure on the market, rendering many STHs “underwater” and thereby less likely to engage in bullish behavior.

Moreover, Adler emphasizes the BTC Velocity metric, stating, “At the beginning of this year, the BTC Velocity metric dropped to its minimum level.” This extremely low velocity indicates not just low volatility, but also a lack of market participant activity – a concerning sign for any imminent bullish turn.

At press time, BTC traded at $26,114.

✅Ethereum Price Key Indicators Suggest Rising Selling Interest Below $1,700

Ethereum Price Consolidates Below $1,700

Ethereum’s price started a recovery wave from the $1,520 zone. ETH managed to recover above the $1,550 and $1,580 levels, similar to Bitcoin.

However, the price is struggling to recover above the $1,700 and $1,720 levels. It is now moving lower and trading below the 23.6% Fib retracement level of the recovery wave from the $1,517 swing low to the $1,716 high. There is also a key bearish trend line forming with resistance near $1,680 on the hourly chart of ETH/USD.

Ether is now trading below $1,700 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1,680 level and the trend line.

The next resistance is near $1,690 or the 100-hourly Simple Moving Average. The first major resistance is forming near $1,700 and $1,720. A close above the $1,720 level could start a decent increase in the near term. The next major resistance is near the $1,750 level. Any more gains might send the price toward the $1,820 resistance or even $1,880 in the coming days.

Another Drop in ETH?

If Ethereum fails to clear the $1,700 resistance, it could start another decline. Initial support on the downside is near the $1,620 level or the 50% Fib retracement level of the recovery wave from the $1,517 swing low to the $1,716 high.

The first major support is near the $1,600 zone. If there is a downside break below $1,600, there could be more losses. The next major support is near the $1,565 support level. Any more losses might send the price toward the $1,520 level in the near term.

✅XRP, Litecoin (LTC), and Stellar (XLM) Lead the Way in Crypto Market Bounceback

In a recent tweet, data analytics firm Santiment highlighted that these three digital assets are showing promising signs of a comeback despite the sector-wide decline in crypto market caps over the past week.

The company's metrics, which measure the difference between market value and realized value, indicate traders have experienced significant losses. The implication is that this downward trend might persist, but there are glimmers of hope in the resilience of certain altcoins.

Over the past seven days, XRP has shown a decline of 16.2% but has registered a 1.9% growth in the last 24 hours. Despite the broader market downturn, this recent uptick suggests some optimism for the digital currency.

Major cryptocurrencies like Bitcoin and Ethereum have also experienced dips of 11.2% and 9.0%, respectively, over the past week. Binance Coin BNB saw a 10.3% decline over the same period.

Regulatory concerns

However, it's essential to view this data in context. The cryptocurrency market is notoriously volatile, with prices subject to rapid and significant fluctuations. Factors such as regulatory changes or macroeconomic events can substantially impact the industry.

The SEC's ongoing legal battles with the industry are front and center. As reported by U.Today, SEC has recently appealed against a July court order that ruled Ripple's sales and offers of XRP did not lead investors to expect profits based on others' efforts and that XRP distributions for services aren't investments of money. This appeal focuses on classifying XRP's offers and sales.

The upcoming weeks promise to be pivotal for Bitcoin ETFs. Nate Geraci's recent tweets highlight the anticipation around the Grayscale lawsuit's potential ruling and the SEC's impending decisions on numerous filings, including that of BlackRock. The timing becomes even more significant as the Grayscale ruling is expected to precede the SEC's decision.