Crypto Industry News:

During the Meta Connect 2023 conference, Mark Zuckerberg presented Meta AI, their version of artificial intelligence. Altman himself may be concerned because Meta is entering the AI industry with a bang and significant innovations.

In addition to AI Avatars, special smart glasses also equipped with artificial intelligence will also be available. There are many indications that they are intended to be a response to a device that has recently aroused great interest, the Ai Pin.

Meta's AI Avatars have been known for some time, but their presentation dispelled all doubts. Mark Zuckerberg showed how AI Avatars will be used and it is quite impressive. They will be based on Meta AI, a large language model (LLM) created in cooperation with Microsoft's Bing. There will be 28 chatbots with celebrities and cultural icons available on Instagram and Messenger. During the presentation, the master of the RPG game was presented, whose voice and image was provided by American rapper Snoop Dogg.

With Meta AI, it is intended to become a basic assistant that will help with everyday activities and tasks, such as cooking or creating content on social media. Meta's artificial intelligence is intended to be a fun and interactive extension of the application from Zuckerberg's company. During the conference, AI Studio was also mentioned, a set of no-code tools that allows you to create your own chatbots. Such customized AI avatars are to have their own personality, which will be defined by their creator. Additionally, it will also be possible to interact with such avatars within the metaverse.

Technical Market Outlook:

The ETH/USD pair has been broken above the 50 and 100 MA located around the level of $1,612 and made a new local high at the level of $1,666. The next target for bulls is seen at the level of $1,720. The intraday technical support is seen at $1,632 and $1,600. The strong and positive momentum supports the short-term bullish outlook for ETH.

Weekly Pivot Points:

WR3 - $1,623

WR2 - $1,598

WR1 - $1,585

Weekly Pivot - $1,573

WS1 - $1,560

WS2 - $1,547

WS3 - $1,522

Trading Outlook:

The Ethereum market has been seen making lower highs and lower low since the swing high was made in the middle of the August 2022 at the level of $2,029. This is the key level for bulls, so it needs to be broken in order to continue the up trend. The key technical support is seen at $1,368, so as long as the market trades above this level, the outlook remains bullish.