VeChain Declines in Q2 2025, Yet Groundbreaking Upgrades Fuel Future Growth

The post Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now? appeared on BitcoinEthereumNews.com. On the lookout for a Sector – Tech fund? Starting with Putnam Global Technology A (PGTAX – Free Report) should not be a possibility at this time. PGTAX possesses a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance. Objective We note that PGTAX is a Sector – Tech option, and this area is loaded with many options. Found in a wide number of industries such as semiconductors, software, internet, and networking, tech companies are everywhere. Thus, Sector – Tech mutual funds that invest in technology let investors own a stake in a notoriously volatile sector, but with a much more diversified approach. History of fund/manager Putnam Funds is based in Canton, MA, and is the manager of PGTAX. The Putnam Global Technology A made its debut in January of 2009 and PGTAX has managed to accumulate roughly $650.01 million in assets, as of the most recently available information. The fund is currently managed by Di Yao who has been in charge of the fund since December of 2012. Performance Obviously, what investors are looking for in these funds is strong performance relative to their peers. PGTAX has a 5-year annualized total return of 14.46%, and is in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 27.02%, which places it in the middle third during this time-frame. It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower. When looking at a fund’s performance, it…

As the crypto market recovers from the end-of-September correction, Ethereum (ETH) is attempting to reclaim the crucial $4,200 area. Some analysts affirmed that the altcoin’s bounce signals that a new leg up could be coming in the next few weeks. Related Reading: XRP Price May Not See An Explosive Rally In October As Expected, Here’s Why Ethereum Reclaims $4,000 On Monday, Ethereum continued to recover from the recent market pullback, surging nearly 6% from Sunday’s Lows toward a crucial barrier. Last week, the King of Altcoins recorded a sharp drop below the $4,000 level for the first time since early August, recording an eight-week low of $3,815 on Thursday afternoon. Over the weekend, the cryptocurrency reclaimed the $4,000 barrier before surging to the crucial $4,100 mark on Sunday afternoon. This level served as a strong resistance throughout the past two years, as it represents the cycle’s previous high and a key bounce area during the Q3 rally. It also marks the lower boundary of its local $4,100-$4,800 range. Market Watcher Daan Crypto Trades noted that the weekly candle on ETH’s chart closed above this level after “a solid effort by the bulls and a late Sunday push.” He added that it remains important to hold this area on the higher timeframes to target the range highs. In the daily timeframe, the trader considers Ethereum has “not the worst look” as the recent reclaim shows a clear invalidation of the range breakdown and a potential recovery continuation. Daan also suggested that the cryptocurrency could be “taking one out of BTC’s playbook,” and be preparing for a massive new leg up following the range consolidation and deviation. Similarly, Bluntz affirmed that ETH’s wave 4 on the daily timeframe “looks like it’s over with a leg higher into ath yet to come.” However, the analyst considers that the next all-time high (ATH) breakout won’t be as “sensational” as many believe, suggesting the $5,500 area as the main target. ETH’s Next Leg Up Two Weeks Away? Multiple market watchers highlighted a potential Power of Three (Po3) setup on Ethereum’s chart, signaling that the recent pullback was part of the second stage, manipulation, and the cryptocurrency is ready for the third phase, expansion. Meanwhile, Merlijn the Trader affirmed that Ethereum is displaying a similar setup that preceded the May and July rallies. At the time, ETH broke down from its local range during a liquidity grab, sending the Relative Strength Index (RSI) indicator to oversold territory. “This is the exact setup that birthed every violent reversal. Strong hands know it. Weak hands fold,” the trader affirmed. Additionally, he noted that the cryptocurrency could be repeating the late Q2 script’s timeline. Per the post, Ethereum saw a 66-day consolidation between the May breakout and the next pump in July. During this period, the second-largest cryptocurrency saw a price fakeout below the range around the 45-day mark before breaking out 20 days later. Related Reading: Bitcoin Could Go To Zero, Hedge Fund CEO Warns Last week’s correction below the local range occurred 46 days into the accumulation period, suggesting that a new breakout and leg up could come in the first half of October. “We’re at day 51. The longer the squeeze… The harder the detonation,” Merlijn stated. Nonetheless, analyst Ted Pillows added that for more upside, ETH must recover the $4,250 area, where a strong sell wall is located, until the $4,320 level. If it fails to reclaim this area, the cryptocurrency risks retesting he $3,600-$3,800 support once again. As of this writing, Ethereum is trading at $4,172, a 3.5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

PANews reported on September 30 that the U.S. SEC official website showed that in accordance with common listing standards, the 19b-4 applications for Solana, XRP, Cardano, Litecoin, Polkadot, Hedera and Ethereum collateralized ETFs have been withdrawn. Yesterday, the US SEC asked issuers of the Litecoin (LTC), XRP, Sol, ADA, and DOGE ETFs to withdraw their 19b-4 filings . Bloomberg ETF analyst Eric Balchunas stated , "The universal listing standard renders the 19b-4 form meaningless. Now, only the S-1 form remains."