According to the Planet ETH Weekly Report, during the week from October 9th to October 15th, the developments worthy of attention are as follows:
- 172nd Ethereum ACDE Conference: Devnet #10 is expected to launch next week and will contain 330,000 active validators;
- Analysts refute "Glassnode data shows ETH whales continue to sell": the data is inaccurate and the staking factor is not considered;
-Tornado Cash is still the largest currency mixer on Ethereum after being sanctioned by the US Treasury Department;
-Circle launches native USDC on Polygon PoS;
-The decentralized stablecoin protocol Reserve is launched on Base;
-Ethereum validators wait for the queue to clear;
-The Ethereum Foundation sold 1,700 ETH;
-Ethereum network fee revenue fell to its lowest level since April 2020, a 90% decrease from the high in May this year;
-The ETH/BTC exchange rate continues to fall, hitting a 15-month low again;
-ProShares will launch short Ethereum futures ETF
In the secondary market, the price is currently consolidating around $1,550. The lower support level is $1,550. If it falls below, it may fall further to $1,500; the upper resistance level is $1,600.