RSI above 70 indicates Ethereum might be overbought, which often suggests a potential pullback. If MACD crosses below its signal line, it signals a bearish trend. Together, these indicators help traders gauge whether Ethereum is due for a correction or can continue its momentum.
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Oracles are critical components in decentralized finance (DeFi) platforms, as they provide real-world data, like asset prices, interest rates, and weather conditions, to smart contracts on blockchains. Since blockchains cannot access external data on their own, oracles bridge this gap by feeding external information to the decentralized ecosystem. This allows DeFi platforms to operate more efficiently, enabling use cases such as decentralized lending, derivatives, and prediction markets. Oracles are vital for ensuring accurate and timely data, but they can also be points of vulnerability. If an oracle is compromised, incorrect data could lead to unfair or malicious outcomes in DeFi protocols. Thus, ensuring oracle security is crucial for maintaining trust and reliability in the ecosystem.
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Large buy or sell orders create "walls" in the order book, signaling strong support or resistance at certain price levels. A large buy order at a lower price suggests that there is significant demand, which may prevent the price from dropping further. On the other hand, a large sell order near a resistance level can act as a barrier, making it harder for the price to rise. If these large orders are absorbed by market activity or moved, it can indicate a breakout or breakdown, signaling potential price movement. Traders monitor these walls to anticipate price action.
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