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Blocksmith Says: ETH Bounces at January Uptrend Support

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The price of Ethereum reacted sharply to the January uptrend support line and at the 40-day cycle low in yesterday’s session.

There was an upside reaction across most equity indices overall as well. Key support is at US$3,000 (currently some 10 points lower) and we need to see this level hold before projecting the next higher targets of US$3,250 and US$3,500.

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De-Dollarisation: More BRICS in the Wall

De-Dollarisation: More BRICS in the Wall

The BRICS nations, led by China and Russia, are accelerating efforts to reduce reliance on the US dollar in global trade and finance. Cryptocurrencies and blockchain technology are emerging as key tools in this de-dollarization push, even as BIS officials are considering nixing the mBridge project.