At 15:00 UTC on Wednesday, the much-anticipated Zhejiang testnet for staking withdrawal went live on Ethereum’s Beacon chain. Zhejiang will enable the testing of the Ethereum Improvement Proposal (EIP) 4895 which allows for staking withdrawals. This is in preparation for the network’s next major update, the Shanghai hard fork slated to launch sometime in March. Users Can Make Simulated Withdrawals with Zhejiang In a tweet yesterday, DevOps engineer at Ethereum foundation Barnabas Busa gave details about the Zhejiang testnet slated…
Support Level
What is Support Level in Crypto Trading?
Support level in crypto trading refers to a price level at which demand for a cryptocurrency is thought to be strong enough to prevent the price from falling further. In other words, it is a level where buyers tend to enter the market and push the price back up. For example, let's say the current price of Bitcoin is $30,000, and there is a support level of $25,000. This means that if the price of Bitcoin falls to $25,000, it…
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