Crypto Industry News:

EBay will be looking for crypto payment options for its clients as well as exploring ways to introduce NFT tokens to the platform.

In a TV interview, eBay CEO Jamie Iannone said the company would "continue to look" at payment options such as cryptocurrencies. In addition, he said eBay will "explore the possibilities" of incorporating NFT tokens on the platform "in an easy way."

"One of the great things about eBay is that when a new trend emerges, it just pops up on eBay. That's what we're seeing in areas like the NFT, and we're wondering how we can better research it."

The CEO said part of the NFT "is already traded" on the platform, but eBay has not yet simplified the process for buyers and sellers. Some users may also put Bitcoins up for sale, seemingly without eBay specifically sanctioning such auctions.

The company's management had previously suggested that eBay might be open to accepting crypto payments. Three years ago, the company's senior vice president said eBay was "seriously considering" including Bitcoin as a payment method.

Technical Market Outlook:

The ETH/USD pair has made another marginal all time high at the level of $3,539, but the rally from the level of $2,955 has ended with a Pin Bar and Bearish Engulfing candlestick patterns, which might indicate a potential pull-back. Please notice the WR2 is located at $3,563. The immediate technical support is located at the level of $3,184, but if this level is violated, then the next technical support is seen at $2,955. The momentum is strong and positive, but the market conditions are now extremely overbought, so a correction is welcome. The next target for bulls is seen at the level of $4,000.

Weekly Pivot Points:

WR3 - $4,152

WR2 - $3,563

WR1 - $3,343

Weekly Pivot - $2,736

WS1 - $2,538

WS2 - $1,587

WS3 - $1,750

Trading Recommendations:

The longer term up trend on the Ethereum continues despite the local counter-trend corrections. When the correction is terminated, the next long term target for ETH/USD is seen at the level of $4,000. The key long term technical support is seen at the level of $2,550, so only a weekly candle close below this level will invalidate the bullish scenario.