Ethereum (ETH) price sees a pressure mountain around $1,490 with the monthly pivot for February under pressure. The bearish squeeze is becoming very clear now as lower highs are being formed, and price action is getting support for now from the monthly pivot. Should that pivot give way, a big area of roughly 17% could retreat with pride action slipping below $1,300.
Binance Coin (BNB) price sees bulls heading for the exit in big masses as nearly every light is flashing red warnings. The sell-off comes as traders are getting out of risk assets in the wake of the US inflation number on Tuesday with several analysts warning of a surprise rise. The rally from January is now broken, and BNB could see further declines should it break the crucial level at $288.
The zero-knowledge (Zk) Ethereum scalability narrative gained popularity with the upcoming launch of Polygon’s zero-knowledge Ethereum Virtual Machine (zk-EVM). Polygon’s scaling solution for the Ethereum Virtual Machine boasts increased productivity and lower transaction fees by verifying transactions in batches on the Etherium mainnet. 