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#ZRX reached the perfect level which was anticipated (Major Support). Price tested and Major Level and now reacting for it. I hope you got into buys and trail Stops with moving price. Market structure is still bearish, so keep the lots small.

#MULTI is been formed a support after being rejected high from the resistance and kinda forming a triangle pattern. Now, eyes on Breakout as on the both side we have enough range of 25% - 30% move, so wait for the H4 strong closing to happen.

The significant redemptions taking place from the Grayscale GBTC product as a closed end trust fund, GBTC amassed an extraordinary 661.7K #BTC in early 2021, as traders sought to close the NAV premium arbitrage.

After many years of trading at a severe NAV discount (with a very high 2% fee), conversion to a spot ETF has triggered significant a re-balancing event. Around ~115.6k BTC have been redeemed from the GBTC ETF since conversion, creating significant market headwinds.

Here's the Analysis of #FET :

#FET is been flipped below the major support zone turned it into the major resistance now of $0.56 - $0.60. Currently, price already testing the zone and a rejection is expected and can be taken a good selling opportunity for sells. Take it after a rejection with medium risk only.

#BITCOIN DAILY TF UPDATE :

#BITCOIN gave a close below of the support area, cleared out the liquidity resting below it. Price made it way from the support zone of $38,000, and shifted the market structure to the bullish now. Price did made a pullback now and expected to print a new higher high. On H4 TF, is a mess now, ranging alot, so Daily closure will be important below $42,000 or $45,000 for the next directional move.

#MULTI gave a breakout of the triangle pattern but it the breakout was pretty slow. Price made a range and gave a strong break, which could be sign, also made a retest now. Now hopefully, this might go wit the momentum towards the resistance zone.

Amidst market fluctuations and sell-the-news events, long-term #BTC holders remain composed. Supply Last Active metrics show a slight decrease in older supply movement, but overall, the majority of holders stand resilient, approaching all-time highs in held supply percentages across various age bands.

🔴 1+ Years Ago: 69.9%

🟠 2+ Years Ago: 56.7%

🟢 3+ Years Ago: 43.8%

🔵 5+ Years Ago: 31.5%

What Is LMD GHOST?

LMD GHOST plays a crucial role in the popular Ethereum network. But what exactly does this consensus method do? And why does it matter? Let’s break it down in plain language.

LMD GHOST (aka the GHOST Protocol) is a fork-choice rule that allows the nodes in a blockchain network to reach an agreement on the valid state of the ledger. It prevents disputes over which transactions are legitimate. The protocol uses a multi-step voting process by nodes to pick the “heaviest” or most legit new block. This weighted selection aims for faster consensus than other methods. It also enhances security against attacks meant to corrupt the ledger.

How Does LMD GHOST Work?

LMD Ghost is a fork choice rule used in Ethereum's consensus protocol. It stands for "Latest Message-Driven GHOST" and is an extension of the GHOST protocol. Here's how it works:

1. Start at the justified block, which is the last block that has been finalized by the network.

2. Compare every child of the justified block to choose the best one. The "best" block is the one with the highest score.

3. Scores are calculated based on the number of blocks that reference the block in question. The more blocks that reference a block, the higher its score.

4. Repeat this process recursively until a single block is chosen as the head of the chain.

LMD Ghost is designed to be more efficient than other fork choice rules, such as the Longest Chain rule, by taking into account the entire block tree instead of just the longest chain. It is also used in conjunction with the Casper finality gadget to provide finality guarantees for blocks.

Here's the Analysis of #LDO :

#LDO is been approaching the major support zone of $2.62 - $2.69 and forming a Head & Shoulder Pattern. Price already formed the bearish market structure, so expected the break below of the zone. Right now, nothing can be done here, wait for the price to reach either reject the zone (only of Daily TF) or break of the support zone.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, still attempting its way to breakout of the key resistance area but looks kinda rejecting it now. If this weekly candle closed below then we can expected some deeper retracements until days gives any closing above $45,000. Daily Market Structure is also bullish, so both scenario have higher probability to play out, so eyes on Weekly Closing.

#FET made a retest back to the resistance zone, and made a drop around 5% in favor. Daily Candle already pushing down and no signs of market structure shift, so try to trail the stops after candle closure. TP would be around the next support zone of $0.49.

At the time, A large divergence was in play between the two, with a significant dominance towards coins being dormant, inactive, and illiquid.

This year we see the first signs of a potential closing of this divergence, a notable increase across all measures of “Active Supply”. This provides confluence with the aforementioned uptick in older coin spending.

How Does LMD GHOST Deal With Attacks?

One potential attack risk is a “balancing attack” meant to split consensus between two competing versions of the ledger. To prevent balancing attacks, the Ethereum developers modified LMD GHOST to incentivize confirming only one fork. The changes ensure nodes bet on a single chain to continue building new blocks. This modification has successfully protected Ethereum from major balancing attacks thus far. Ongoing monitoring and tweaks to LMD GHOST aim to head off any future attacks that threaten consensus.

Does LMD GHOST Bring Fast Performance?

By design, LMD GHOST offers superior performance and scalability compared to previous consensus methods. It allows Ethereum to handle far faster transaction speeds and higher throughput than Bitcoin. However, the surge in Ethereum adoption has also revealed limitations in LMD GHOST’s capabilities. Congestion and high gas fees frequently bog down the network. More refinements to the protocol are needed to fully realize its potential.

Different Between LMD GHOST and Ethereum GHOST Protocol

The Ghost protocol is the basis for LMD Ghost. LMD Ghost is a fork choice rule used in Ethereum's consensus protocol. LMD GHOST provides strong protection against tampering and revision of Ethereum’s transaction records. Its multi-step voting process makes it difficult for attackers to override consensus. The major security concern is its vulnerability to balancing attacks. However, the preventative changes implemented have proven effective so far. Additional mechanisms to disincentives and penalize such attacks could offer even greater protection.

Does LMD GHOST Bring Benefits Beyond Ethereum?

LMD GHOST has the ability to broadly benefit blockchain technology. The voting approach it pioneered enables faster and more decentralized consensus. These advantages could enhance transaction speeds, efficiency and participation in other public blockchains should they implement an LMD GHOST-style protocol. A more inclusive consensus aligns with the democratic spirit of cryptocurrency. Of course, LMD GHOST itself requires further upgrades to maximize those benefits.

Here's the Analysis of #THETA :

#THETA is been formed a Head and Shoulder Pattern which is a reversal pattern but still stuck lower below the Strong Resistance Zone of $1.03 - $1.05. Price formed the minor support zone nearby $0.96 and if its break below the zone then we can go with the shorting opportunities and buys only after the break and close above the resistance area.

#BTC made a weekly closing with the rejection and as per our daily analysis price is expected back to retest the major support zone and the probability of breaking/ deeper retracement is increased. Looking into the H4 TF, its going same, as expected a range, so have a eye on retest now.

#LDO has successfully maintained the crucial support zone on the daily timeframe, with the daily candle closing above this significant level. Traders may consider cautiously initiating a small long position, implementing a tight stop-loss strategy, and adhering to effective risk management practices. There is a potential for a minor upward move in the near term.