by | Feb 7, 2025 | Business
Ethereum faces high volatility amid a major selloff, with prices rebounding toward $3000. Explore key technical analysis, market trends, and upcoming upgrades like the gas limit increase and Pectra Fork. Is now the right time to buy ETH?
Ethereum (ETH) has experienced a significant price drop due to a massive selloff in the crypto market this week. This price decline is one of the largest in recent years, prompting more traders to liquidate their positions.
At the time of writing, Ethereum’s price stood at $2796, noting a rise of over 4% in the past 24 hours. ETH market capitalization reached $333.29 billion, while trading volume surged over 22% intraday.
Crypto Liquidations Hit $2.22 Billion: Will the Decline Continue?
The fear spreading through the crypto market led investors to offload their digital assets en masse. According to data from Coinglass, total liquidations reached $2.22 billion in a single day, with long-term traders suffering losses of $605 million due to the sharp price drop.
This selloff also significantly impacted other crypto assets such as Bitcoin, XRP, Solana, and Dogecoin. Bitcoin dropped by 6%, while XRP and Dogecoin lost 22% and 23%, respectively. The market slid further as panicked investors rushed to sell their holdings.
Ethereum Price Prediction: Can It Break $3000?
According to a post by IncomeSharks on X, ETH price has rebounded from the liquidation zone and is undergoing accumulation. This situation presents an opportunity for investors to buy at lower levels before a potential surge toward $3000.
Max Schwartzman, CEO of BecauseBitcoin, expressed a similar sentiment. “If the market stabilizes, patient holders may see rewards,” he said. However, traders remain cautious, closely analyzing macroeconomic factors that could influence Ethereum’s price in the near future.
Is It Time to Buy Ethereum?
Despite market turmoil, some industry figures remain optimistic. Eric Trump shared his positive outlook on Ethereum via the X platform, suggesting that now is a great time to buy ETH.
Following this post, Ethereum’s price began to recover. ETH price increased by 4.88% and is now trading at $2,796. However, despite the increase in price, the RSI and MACD indicators actually show a decrease which indicates a bearish trend.
Technical Analysis: Key Levels to Watch
Ethereum’s short-term price prediction suggests indecision among traders following the massive selloff. While the price has rebounded, lower trading volume indicates that many buyers are still hesitant to make large accumulations.
So far, ETH needs to break past the $3000 mark to attract more buyers. If it fails, selling pressure may persist. Technical analysis reveals several bearish indicators:
- The Relative Strength Index (RSI) remains in the oversold region, indicating strong selling pressure.
- The Moving Average Convergence Divergence (MACD) shows a negative crossover, signaling a potential downward trend reversal.
- Fibonacci retracement levels reveal that the key support level is at $2600. If ETH falls below this point, a major correction could follow.
If the price breaks above the 78.3% Fibonacci retracement level at $3100, buying momentum could return, leading to further recovery.
Ethereum and Gas Limit Increase: What’s the Impact?
Ethereum is preparing to take a new step in its development. More than 52% of validators have expressed support for increasing the gas limit, marking the first adjustment since The Merge in 2022. Currently set at 30 million, Ethereum’s gas limit is expected to rise to 36 million soon, with a long-term possibility of reaching 40 million.
This upgrade aims to:
- Increase Ethereum network capacity.
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Facilitate crypto transactions.
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Potentially reduce transaction fees.
Vitalik Buterin, Ethereum’s co-founder, emphasized that this change is the first fully controlled by the Proof-of-Stake (PoS) system, which is more decentralized than the previous Proof-of-Work mechanism. However, experts warn that a rapid increase could cause propagation failures and burden individual node operators.
Pectra Fork: Vitalik Buterin’s Strategic Move for Ethereum’s Future
Ethereum is set to reach a historic milestone with the Pectra upgrade scheduled for March 2025. This update not only aims to fix bugs but also redesign Ethereum’s foundation for greater efficiency and user-friendliness.
Pectra includes over 20 Ethereum Improvement Proposals (EIPs), such as:
1. EIP-7702: Converts regular accounts into smart accounts without complex migration, improving user experience.
- EIP-7251: Increases the staking limit per validator from 32 ETH to 2048 ETH, reducing technical requirements for large holders.
This move has sparked debate: Does giving more flexibility to whales (large holders) risk centralizing Ethereum? Buterin assures that this strategy will attract more capital without compromising network efficiency.
Conclusion: Where Is Ethereum Headed Next?
Ethereum stands at a crossroads, with high market volatility and multiple innovations underway. While prices remain uncertain, network upgrades and industry support indicate that Ethereum remains an asset worth watching.
However, investors should remain cautious and consider both technical and fundamental factors before making decisions. With the gas limit increase and the Pectra upgrade on the horizon, Ethereum has the potential to become more scalable and efficient, but it also faces significant challenges in the process.
For those looking for investment opportunities, understanding Ethereum’s market dynamics and technological advancements is key to making informed decisions.
This Press Release has also been published on VRITIMES
by Penny Angeles-Tan | Feb 7, 2025 | Events
This Valentine’s season, The Manila Hotel invites guests to celebrate love with an array of curated experiences, from indulgent dining to a romantic staycation.
A Cozy and Romantic Staycation
The Manila Hotel is offering an exclusive Valentine’s Staycation package, a privilege reserved for those seeking a truly intimate experience. This package, available only for a limited time, includes an overnight stay and an intimate in-room dining experience for two. Guests can choose between a Deluxe Room for ₱12,999 nett or a One-Bedroom Suite for ₱14,344 nett. Both options come with breakfast for two, a specially prepared in-room dining set menu, and a complimentary mini-bar.
The in-room dining set menu features the following dishes:
- Pacific Rim Caesar Salad with Shrimp
- Cream of Pumpkin-Carrot Soup
- Fettuccine in Cherry Tomato Cream with Fresh Basil
- Roast U.S. Beef Tenderloin, Strawberry Éclairs
- Pink French Macarons
This offer is available for booking until February 14, 2025, with the stay period running from February 13 to 15, 2025. Please refer to DTI Fair Trade Permit No. FTEB-21311 Series of 2025.
A Romantic Dining Experience at the Enchanting Champagne Room
Experience the enchanting ambiance of Manila’s most romantic dining venue, the Champagne Room, as it presents a special six-course Valentine’s Degustation Dinner. The menu features exquisite dishes, including:
- Pan-Seared Foie Gras and Prawn on Melon Gazpacho
- Cauliflower-Apple Soup with Lump Crab Meat
- Lobster-Ricotta Ravioli in Light Lobster Cream Sauce
Guests can choose between two main courses:
- Chilean Sea Bass with Spring Pea Sauce
- Beef Tenderloin in Truffle Red Wine Sauce
To complement the meal, enjoy a sweet and refreshing Peach-Lemon Sorbet. The dinner concludes with a delightful dessert of White Chocolate Mousse with Nougat Crisp, plus Valentine’s Pralines, accompanied by coffee or tea.
This exclusive event is available on February 13 and 14, 2025, at ₱7,000 net per person. Each lady will also receive a complimentary rose.
Valentine’s Day at Red Jade
Red Jade, one of the hotel’s renowned dining outlets, is offering a special menu thoughtfully crafted for a romantic dinner for two. The menu features a Trio of Dim Sum Delights: Fish Pearl Soup, stir-fried shrimp in lettuce cups, Fried Pigeon with Pork Asado, Simmered Beef Brisket with Pistachio and Chinese Buns, and Pit Lobster with Cheese and Efu Noodles. The meal concludes with Taro Swan and Strawberry Coconut Jelly. This exclusive menu will be available for lunch and dinner from February 13 to 15, 2025, at a price of ₱6,280 nett for two persons.
Lobby Lounge and Tap Room Special Offers
For a delightful daytime experience, The Manila Hotel presents a pink-themed Afternoon Tea that includes a selection of treats such as Strawberry Bibingka, Puto Bumbong, Strawberry Fruit Tartlet, Raspberry Jam Cookies, Raspberry Macaron, Strawberry Panna Cotta, Tuna Sandwich on Pink Bread, Cucumber Cream Cheese Sandwich, and Smoked Salmon Crepe Roll.
This Afternoon Tea is served with a choice of coffee, tea, or hot chocolate, and you can add a glass of sparkling wine for an additional ₱800. Priced at ₱1,299 net, it is best enjoyed by two people and is available daily from 10:30 am to 6:00 pm throughout February.
From February 13 to 15, 2025, a special Valentine’s A La Carte menu will be offered from 11:00 am to 11:00 pm, featuring dishes such as Pacific Caesar Salad, Tomato Cream Soup, Seafood Tom Yum Spaghetti, Braised Beef Ribs in Barbecue Sauce, Chicken Valdostana, and Strawberry Panna Cotta.
For a hearty treat, try the Wagyu Burger, which features a premium chuck eye, and Wagyu patty served in a charcoal bun, accompanied by Emmental cheese, crisp green ice lettuce, and Japanese sesame dressing, along with golden potato wedges. This option is available throughout February.
Toast to romance with our specially crafted Valentine’s cocktails designed to please your palate. The “Sweet and Sultry” cocktail is a refreshing mix of Beefeater gin, Rose Monin, and tonic water, elegantly garnished with butterfly pea flowers.
The “Sweet Lips” cocktail combines Smirnoff vodka, lemon juice, watermelon, and Rothberry, finished with a cherry for a romantic touch. Priced at ₱350 per glass, these Valentine’s cocktails are available throughout February.
A Starry-Eyed Dinner at the Sun Deck
Guests can enjoy a romantic alfresco dining experience under the stars with the Sun Deck’s special Valentine’s Day set menu. This delightful feast includes Pomelo Shrimp Salad, Crustacean Bisque, Pan-Seared Scallops, a Seafood Medley, and French Macarons, with the option of coffee or tea. The menu is available from February 13 to 15, 2025, from 6:00 PM to 9:00 PM, for ₱6,950 nett for two persons.
February Treats at the Delicatessen
The Valentine’s goodie counter at the Delicatessen features an array of delightful treats, from handcrafted chocolates to irresistible pastries, perfect for sweetening the season of love.
These indulgent creations are available daily until February 17, 2025, from 7:00 AM to 9:00 PM, making them an ideal gift for Valentine’s Day. Additionally, the Delicatessen offers the Frozen Strawberry Parfait Cake with Pistachio Dacquoise, a wonderful treat available throughout February, perfect for celebrating love.
For inquiries and reservations, call +632 8527-0011 or +632 5301-5500, email in**@************el.com, or visit www.manila-hotel.com.ph.
The Manila Hotel, situated next to Kilometer Zero (0), the point where the City of Manila begins, is a testament to the city’s rich history. This prime location symbolizes the hotel’s central role in the city’s development and its status as a landmark. Since 1912, It has been the preferred choice for distinguished guests, consistently delivering exceptional services and amenities for a truly memorable experience.
The hotel features over 500 well-appointed rooms and 22 function rooms, including three ballrooms. Additionally, it offers five-star relaxation and wellness experiences through the Manila Hotel Spa, as well as adult and children’s pools and the Manila Hotel Health Club. Visitors can explore the Heritage Museum, which showcases priceless memories that recount the hotel’s illustrious past, and an Art Gallery that provides insight into contemporary perspectives through the works of various artists.
Dining at The Manila Hotel is an adventure in itself, with six diverse dining outlets, each offering a unique and exciting culinary experience. From the extensive international buffet selection at Café Ilang-Ilang to the romantic European cuisine at the Champagne Room, there’s something to excite every palate.
- Café Ilang-Ilang is a popular choice for its extensive international buffet selection.
- The Champagne Room, known for its Old European style, is considered the most romantic dining space in Manila, specializing in European cuisine within an elegant setting.
- The Tap Room, inspired by an old English pub, provides an atmosphere for enjoying live music.
- The Lobby Lounge is perfect for casual dining, aperitifs, late-night drinks, or informal meetings.
- Red Jade is a fine-dining restaurant that serves authentic Chinese cuisine.
- The Delicatessen offers the hotel’s signature pastries, bread, chocolates, and pralines.
by | Feb 7, 2025 | Business
- The Magna Carta for Filipino Seafarers and its Implementing Rules and Regulations (IRR) address long-standing issues in the maritime industry, ensuring alignment with international standards like the Maritime Labour Convention (MLC) 2006.
- The law combats unfair labor practices, including ambulance chasing, while guaranteeing fair employment conditions, access to quality maritime education, and clear dispute resolution mechanisms.
- The law enhances coordination among MARINA, CHED, TESDA, the Department of Migrant Workers (DMW), and the Department of Health to uphold global maritime standards and support future seafarers.
MANILA – The passage of the Magna Carta for Filipino
Seafarers, along with its recently-signed Implementing Rules and Regulations
(IRR), marks a major milestone in addressing long-standing issues in the
maritime industry.
During a forum on the ‘Magna Carta Law and IRR’ organized by
the Association of Licensed Manning Agencies (ALMA) Maritime Group, Congressman
Ron Salo recognized the crucial role maritime stakeholders played in advocating
for the legislation. He stressed that the law was designed to protect the
rights and welfare of seafarers while aligning with international standards
such as the Maritime Labour Convention (MLC) 2006.
“This law was enacted to address decades of challenges
faced by the men and women who risk their lives at sea to keep global trade
moving,” Salo said. He highlighted concerns such as ambulance chasing and
the failure to meet international maritime standards—issues that have
threatened the job security of Filipino seafarers.
Salo, often referred to as the Father of the Magna Carta for
Filipino Seafarers, previously chaired the Committee on Overseas Workers
Affairs and was instrumental in pushing for the law in the House of
Representatives.
The Magna Carta includes strict measures against ambulance
chasing, a long-standing issue unique to the Philippines that has drawn
criticism from global shipowners and impacted the employability of Filipino
seafarers since the early 2000s.
The new law ensures that seafarers are given fair and humane
employment conditions, protects them from exploitative practices, and
guarantees access to quality, affordable maritime education and training. It
also establishes clear grievance mechanisms and a streamlined dispute
resolution process to safeguard their financial and emotional well-being.
The establishment of seafarer hubs offering legal aid,
skills training, and welfare programs is another cornerstone of the law, funded
by the Overseas Workers Welfare Administration (OWWA).
“This is not a distant dream—it is a vision we can realize
with the Magna Carta as our compass,” the speaker added, urging stakeholders to
unite in implementing the law effectively.
The Magna Carta also strengthens inter-agency collaboration
among MARINA, CHED, TESDA, the Department of Migrant Workers (DMW), and even
the Department of Health to ensure compliance with international standards and
to equip future seafarers for an evolving industry.
“If there’s a disagreement about the disability grading or
fitness for work, the [implementing rules and regulations] ensures that the third-party
doctor can provide a binding determination resolving disputes efficiently and
fairly. And I am very pleased to inform you that we have discussed this
lengthily already with the Secretary of the Department of Health,” noting the active
participation of the ALMA Maritime Group and its chair Atty. Iris Baguilat.
As the nation positions itself as a leader in maritime
innovation, the speaker called on seafarers to uphold the highest standards of
professionalism, stating, Together, we will not just weather the storms; we
will sail towards a brighter horizon.”
This Press Release has also been published on VRITIMES
by Penny Angeles-Tan | Feb 7, 2025 | Beauty
Great news, beauty lovers! Due to overwhelming demand, the Ever Bilena Beauty Bar activation at SM Clark Department Store is now extended until February 16, 2025. If you haven’t had the chance to experience the viral “Fit All You Can” activity, now’s your chance. This unique activity allows you to try and fit as many Ever Bilena products as you can into a pouch, all for a fixed price—plus, we’re bringing in even more surprises!
Shoppers can still mix and match their favorite Ever Bilena products and choose from three goodie bag sizes, each filled with a selection of our best-selling items: Medium for ₱499, Large for ₱599, and Extra Large for ₱999.
Ever Bilena Makeup Bar at SM Clark unveils exciting new additions.
But that’s not all—this extended run introduces even more beauty must-haves to the selection! Alongside the best-selling EB Serum Tinted Lip Balms, viral blushes, and everyday glam essentials, shoppers can now discover newly added exclusive items such as the EB Pro Brow Soap, EB Studio Finish Stick Foundations, EB Pro Eye Brow Kit, and EB Water Tints to maximize their Beauty Bar experience.
Once you’ve filled your pouch, head back to the booth to customize it with fun stickers—making your Ever Bilena haul uniquely yours.
With fresh additions and an extended stay, the Ever Bilena Beauty Bar at SM Clark just got bigger and better. Don’t miss out—visit before it wraps up on February 16, 2025! We can’t wait to see you there!
by | Feb 6, 2025 | Business
Kuala Lumpur, Malaysia — 6 February 2025 – Nusantara Global Network is thrilled to announce a new strategic collaboration with CXM DIRECT, introducing advanced trading solutions that cater to the growing demands of modern traders. A key feature of this partnership is the Self Rebate CXM Direct Program, which empowers traders with unique opportunities to earn rebates, in addition to benefiting from cutting-edge trading tools and resources.
This collaboration brings traders an unprecedented combination of flexibility and profitability, particularly through the Self Rebate CXM Direct Program, allowing traders to increase their earnings with every trade. By merging Nusantara Global Network’s industry expertise with CXM DIRECT robust trading platform, clients can now optimize their strategies while accessing a host of advantages designed to elevate their trading experience.
“Our collaboration with CXM DIRECT is focused on providing innovative trading solutions, especially through the Self Rebate CXM Direct Program,” said the Head of Nusantara Global Network. “Traders will have the ability to maximize their profit potential with rebates, alongside benefits like high leverage and low spreads.”
Self Rebate Program: Earn a rebate of up to $35 per lot traded, exclusive to CXM Direct clients, significantly increasing the potential for profit on every trade.
Unlimited Leverage: Gain access to leverage up to 1, enabling traders to maximize their capital.
Low Spreads: Competitive spreads allow traders to make the most out of every transaction.
Swap-Free Trading: Trade without swap fees, ideal for traders looking for interest-free trading solutions.
Minimum Initial Deposit: Start trading with as little as $10, making it accessible for beginners and experienced traders alike.
Fast Execution: Experience smooth trading with ultra-fast order execution for optimal performance.
Negative Balance Protection: Safeguard your account with protection against losing more than your deposited balance.
This collaboration and the Self Rebate CXM Direct Program offer a game-changing opportunity for traders who are looking to improve their trading profitability while enjoying advanced features. CXM DIRECT has always been committed to providing traders with the tools and flexibility they need to thrive in the forex and CFD markets.
“The Self Rebate CXM Direct Program sets a new standard in the industry,” said a spokesperson for CXM DIRECT. “We are excited to provide traders with an additional way to enhance their earnings, combined with a user-friendly and powerful trading environment.”
About CXM DIRECT
CXM DIRECT is a globally recognized brokerage firm, specializing in providing world-class trading services. Focused on customer satisfaction, CXM DIRECT offers a wide range of trading products and services tailored to meet the diverse needs of today’s traders.
This Press Release has also been published on VRITIMES
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