Ethereum course losses continue: View of the cryptom market and outlook on decisive data this week

Ethereum course losses continue: View of the cryptom market and outlook on decisive data this week

red numbers for Ethereum: cryptocurrency suffers losses

The new week does not bring good news for the cryptom market. Both Ethereum and other major cryptocurrencies have to accept losses. However, it hit the ether course, which has dropped by 4.7 % on a weekly perspective. In comparison, the minus in Bitcoin only amounts to 1.85 %. However, there are exceptions such as the Solana (Sol), which was able to grow by 8.5 % in a week, or the Wall Street Memes Coin ($ WSM) that is on the way to reach the $ 14 million mark.

The reluctance of investors is understandable in view of the upcoming important data. This week, both the inflation data from the USA and the quarterly figures for banks will be announced. In particular, the number of inflation could provide information on how the US Federal Reserve Fed continues to proceed with its interest rate policy. Fed boss Jerome Powell has already announced that he is ready to carry out further interest rate increases in order to achieve the target value of 2 %. It remains to be seen whether the banks can withstand this. A possible next rate increase also depends on inflation development. If inflation is lower than expected, another interest rate increase could not be made. The decision will be announced at the end of July.

The numbers for inflation and the quarterly figures of the banks can influence crypto market this week and cause speculation of investors. In the event of further losses, Ethereum could find support at around $ 1,820. However, if the data triggered a bullish mood, an important resistance zone would have to be overcome by $ 1,950 before the cryptocurrency reaches the psychologically valuable $ 2,000 brand. If this succeeds, a new annual high could be marked at $ 2,140.

Due to the upcoming important data, reluctance among investors can be felt. Some traders choose to close or secure their positions. For others, increased volatility is expected. In such phases, investors can put initial coin offerings (ICOS) to counteract fluctuations. At ICOS, coins or tokens are sold by the editors at a fixed price before the cryptocurrency can be traded on the crypto bonds. The price is set until the listing and is not subject to the fluctuations through supply and demand. The Wall Street Memes Coin ($ WSM) offers investors such an option. The pre -sale is already running and has reached a sum of $ 14 million within a short time. However, the price is increased several times, so that investors of previous phases can already expect a high profit until the start of trade. The project already has a large fan base and could thus become the next meme coin that achieves an evaluation of over one billion dollars.

, however, remains speculative and contains risks. Investors should carry out their own diligence and be aware that trade or investment can be prohibited in certain legal systems.