Latest news with #Ether
CNBC
2 hours ago
- Business
- CNBC
Ether is starting to outperform bitcoin – and further gains could be ahead for the crypto, charts show
Ether continues to demonstrate notable strength, both on an absolute basis and relative to bitcoin , which suggests that its recent up-move could kickstart further gains. First, on this daily chart, it's clear that ETH finally has broken out of a bullish inverse head-and-shoulders pattern, a technical formation that has been under construction for most of 2025. By continuing to trade above the $2,870-breakout zone, the measured-move upside objective would be all the way up at $4,375. Momentum is also supportive of the move. ETH's 14-day Relative Strength Index (RSI) now has spiked from the low 30's to the mid-70s in just four weeks. That's quite a move for the indicator. For context, the RSI surged to nearly 90 in mid-May before cooling off. This suggests that while the current rally is powerful, it will need a breather again at some point soon. Nevertheless, as long as ether continues to hold above the neckline of its inverse head-and-shoulders pattern, the broader bullish case remains viable. Further, eventually achieving the $4,375-target also would put ether above its December 2023 highs and back within striking distance of its all-time highs from the 2021 cycle. In doing so, ETH would also be completing what could be a much, much larger, multi-year bullish base, which is best viewed on this monthly log chart. Thus, this longer-term pattern implies that the breakout discussed above may, in fact, be more than just a short-term trading event. Needless to say, a lot hinges on ether's ability to maintain its recent strength. Not only has ether been strong on its own, but it has also begun to outperform bitcoin. Since bottoming earlier this year, ETH has done materially better than BTC: From the April lows, bitcoin is up 60%, while ether has shot higher by over 130%. That relative strength is important, particularly for traders and investors seeking rotation opportunities between the two largest cryptocurrencies. The key question is whether this bounce in the ETH/BTC ratio now marks the beginning of a new cycle of ether outperformance. If it does, ether could not only reclaim its leadership role in the crypto space but also reignite broader interest across the alt-coin landscape. All eyes remain on ETH to see if it can continue to build on this momentum — and if so, the next leg higher may just be getting started. The next step: hold this breakout on the ensuing pullback, whenever it starts. DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
Time of India
2 hours ago
- Business
- Time of India
UP gives nod to acquire landfor township in Gorakhpur
Lucknow: Clearing the final roadblock, the housing department has given its go-ahead to the Gorakhpur Development Authority to initiate the land acquisition exercise to set up a new township in the prime city of eastern UP. The plan is to acquire a total of 252 hectares to set up a greenfield township (New Gorakhpur Scheme) that would cater to the growing housing needs of the local population. The authority would enlist independent experts to prepare a social impact assessment report to ascertain how many families would be affected by the project. According to the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, instituting a social impact assessment study is crucial to understanding the estimated cost and benefits to the families affected by the acquisition. Planned over a 622-acre area, the township would span Gorakhpur Sadar and Chauri Chaura sub-divisions. As per a preliminary survey, three villages, including Koni, Takiya Medinipur, and Madapar, among others, are involved. Principal secretary of the housing department, P Guruprasad, issued directives to the district magistrate of Gorakhpur to prepare the preliminary outline for the land acquisition process. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cách giao dịch ETH/USD mà không cần nắm giữ Ether IC Markets Tìm hiểu thêm Undo The Yogi Adityanath govt in April 2023 introduced a new township policy to address the housing needs of the state. The level of urbanisation in UP, being 23.50%, is on the lower side compared to the national average, which is over 31%. The state govt has agreed to provide the seed fund or the initial capital to the concerned development authority to cover the initial cost required to acquire and float the scheme.
Time of India
3 hours ago
- Politics
- Time of India
Activist files plaint after former min garlanded with peacock feathers
Raichur: Former minister K Shivanagouda Nayak spark controversy by wearing a garland made of peacock feathers. On July 14, several supporters and friends gathered to celebrate Nayak's birthday. Numerous videos of the celebration went viral. Among the garlands, a group of individuals from Bengaluru, who are close to Shivanagouda Nayak, presented him with a garland made of peacock feathers. The garland has now become a contentious issue for Shivanagouda Nayak. Social activist Dinesh Kallahalli alleged, "This is a breach of the Wildlife Protection Act." Kallahalli lodged a complaint with the principal chief conservator of forests. In his complaint, he stated, "The feathers of the national bird are not only made into a garland, but are also being showcased publicly. This could send a misleading message to the public and encourage others to do the same." "Former minister Shivanagouda Nayak breached the Wildlife Protection Act," he claimed. He further requested that the origin of the peacock feathers be investigated. Kallahalli demanded that a case be registered against those responsible and that appropriate action be taken. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cách giao dịch ETH/USD mà không cần nắm giữ Ether IC Markets Tìm hiểu thêm Undo In response to the situation, Nayak said that many people visited his home to celebrate his birthday. He suggested that perhaps some local corporators from Bengaluru put the peacock feather garland on him. "I did not examine it closely at that moment. It was indeed a garland made from real peacock feathers. I have been informed that a complaint has been filed regarding this matter. Therefore, I will retain the peacock feather garland. When the forest department officials arrive for questioning, I will surrender it to them, the former minister said.
Time of India
3 hours ago
- Time of India
Drunk man bludgeons parents to death with stone, arrested
Balasore: An inebriated 50-year-old man allegedly killed his parents with a stone in a fit of rage in Mayurbhanj district's Managobindpur village on Tuesday night, police said on Wednesday. The accused, Himansu Sahu, was arrested. The deceased have been identified as Hadibandhu Sahu (80) and his wife, Shanti Sahu (72). Police said Himansu lives in Mantri village, about 3km away from his parental home, with a married woman. He used to visit his parents occasionally and often created disturbance. On Tuesday night, he came home in an inebriated state and picked up a quarrel with his bedridden father. In a sudden outburst, he smashed his father's head with a stone. When his mother tried to protest and raise an alarm, he allegedly dragged her to the verandah's steps and smashed her head with the same stone. The crime came to light on Wednesday morning when neighbours found the bodies and alerted police. A forensic team along with officers from Baisinga police station reached the spot, found the accused sleeping on a cot in the verandah and arrested him. Police have seized the blood-stained stone. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cách giao dịch ETH/USD mà không cần nắm giữ Ether IC Markets Tìm hiểu thêm Undo The bodies were sent for postmortem. Sources said Himansu's wife and two daughters had left him years ago due to his violent behaviour and alcohol addiction. They have been living at her paternal home in Nadapur ever since. Sub-divisonal police officer (SDPO) of Betnoti, Minati Biswal, said preliminary investigation suggests the incident occurred due to a family feud.
Time of India
4 hours ago
- Business
- Time of India
Awake Kudla app to go live for public in fortnight
Mangaluru: The Awake Kudla app, developed to tackle some of Mangaluru's key civic challenges, was soft-launched, with a formal rollout scheduled in a fortnight, said Seetharam A, president, Sri Ambamaheshwari Seva Trust, on Wednesday. The Awake Kudla initiative of the trust aims to improve the city's waste management and traffic systems while also promoting cleanliness, greenery, and better upkeep of public spaces, he told reporters. Providing more details, Umanath Kotekar, general secretary of the trust, said the soft launch allows the public to start registering civic issues directly through the app, particularly those related to waste management and traffic. "The app will serve as a bridge between citizens, departments, and local stakeholders. Our focus is to study the issues, create awareness, and act on the principle that our environment is our responsibility," he said. The trust also plans to work closely with associations and local organisations to amplify the initiative's reach. If supported by the district administration and Mangaluru City Corporation, the trust hopes to scale the project across all 60 wards, grouped into 20 clusters. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cách giao dịch ETH/USD mà không cần nắm giữ Ether IC Markets Tìm hiểu thêm Undo Each cluster will have three wards, managed by a trained coordinator. In total, 20 coordinators will be appointed and trained by experts to implement the programme effectively. Awareness drives on waste management and traffic discipline will be conducted across residences, business establishments, and institutions. For over a decade, Sri Ambamaheshwari Seva Trust has been engaged in community-focused initiatives spanning education, healthcare, environmental protection, and employment. A model ward initiative in three wards of the Mangaluru City Corporation was also launched by the trust. As part of their long-term waste management strategy at the ward level, the trust has proposed the following collection schedule, wet and sanitary waste daily, dry waste twice a week, and green/agricultural waste once a week.
