ETH Breaks $3K Level

ETH broke a key $3,000 price level last night, although it remains in a range between ~$2,200 and ~$3,300, where it has been since late January. The sharp rally comes after fair amount of consolidation at $2,600 earlier this month.

If ETH can maintain support above $3,000, I would look for a retest of the top of the range at the $3,300 level, before committing to a larger long position.

HSBC Buys Metaverse Land

HSBC buys virtual plot of land in digital push

This story is from last week, but its makes up a larger metaverse narrative worth keeping an eye on.

Both HSBC and JPMorgan have purchased lots of virtual land in the metaverse environment, The Sandbox, which is created by Animoca Brands, the launch partner of BAYC’s upcoming metaverse concept.

Read more:
HSBC partners with Animoca unit for metaverse foray