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ETH Price Action?
$ETH is showing signs of a potential trend reversal on its hourly chart. The price has repeatedly failed to stay above a certain resistance level, forming a pattern of three distinct peaks. This suggests that upward momentum is weakening with each attempt.
Currently, the price is consolidating within a narrow range, finding temporary support around the $2000-$2020 mark. The market is in a state of compression, indicating that a significant price move in either direction is likely approaching.
Potential Downside:
If ETH decisively breaks below the $2000-$2020 support zone, the analysis identifies several potential target levels for a downward move:
· First potential bounce area: $1980 – $1950
· Lower support zone: $1900 – $1850
· Major historical demand area: $1800 – $1750
Potential Upside (Requires Confirmation):
For a bullish outlook to be validated, ETH would need to convincingly reclaim and hold above the $2140-$2160 resistance level with strong trading volume. If that occurs, potential upside targets could be:
· Initial target: $2200 – $2250
· Higher resistance zone: $2320 – $2350
Without a clear and sustained break above $2140-$2160, any price rallies are likely to be met with selling pressure.
Other Market Context:
· The price of ETH is currently up 1.21%.
· Institutions like BitMine are reportedly continuing to accumulate ETH, with a noted purchase of an additional 20,000 ETH.
· A general question is posed to the community regarding their current strategy: buying, selling, or holding during this period.
#ETH #WhaleDeRiskETH #Ethurum #MarketAnalysis #bitman
Currently, the price is consolidating within a narrow range, finding temporary support around the $2000-$2020 mark. The market is in a state of compression, indicating that a significant price move in either direction is likely approaching.
Potential Downside:
If ETH decisively breaks below the $2000-$2020 support zone, the analysis identifies several potential target levels for a downward move:
· First potential bounce area: $1980 – $1950
· Lower support zone: $1900 – $1850
· Major historical demand area: $1800 – $1750
Potential Upside (Requires Confirmation):
For a bullish outlook to be validated, ETH would need to convincingly reclaim and hold above the $2140-$2160 resistance level with strong trading volume. If that occurs, potential upside targets could be:
· Initial target: $2200 – $2250
· Higher resistance zone: $2320 – $2350
Without a clear and sustained break above $2140-$2160, any price rallies are likely to be met with selling pressure.
Other Market Context:
· The price of ETH is currently up 1.21%.
· Institutions like BitMine are reportedly continuing to accumulate ETH, with a noted purchase of an additional 20,000 ETH.
· A general question is posed to the community regarding their current strategy: buying, selling, or holding during this period.
#ETH #WhaleDeRiskETH #Ethurum #MarketAnalysis #bitman
Behind the scenes, there's significant buying activity at the $2900 level for Ethereum, indicating a strong belief in this price point. If we sustain this level over the next four hours, we might observe a downward movement in Ethereum's price, potentially dropping by $25-$50.
Regarding a potential pump, it's unlikely to occur before reaching $2935. Once we achieve resistance for 45 minutes at this level, we could see Ethereum's price rise to as high as $2970.
#M_Idrees #BinanceLaunchpool #EthereumPower #ethurum #BullorBear"
Regarding a potential pump, it's unlikely to occur before reaching $2935. Once we achieve resistance for 45 minutes at this level, we could see Ethereum's price rise to as high as $2970.
#M_Idrees #BinanceLaunchpool #EthereumPower #ethurum #BullorBear"
🚨 🚨 #CryptoWatchMay2024 TRADE ALERT #ETHUSDT
🤑 💰 💰 💰 💰 💰 💰
⛔ entry type market order
⛔ entry 2994.6
🛑 SL 3013.89
Tp 2936.00
#altcoins #altcoins #ethurum
🤑 💰 💰 💰 💰 💰 💰
⛔ entry type market order
⛔ entry 2994.6
🛑 SL 3013.89
Tp 2936.00
#altcoins #altcoins #ethurum
➡️ETH Next Target : 4590$
Zone Long:
1) 3040$
2) 3050$
Target :
1) 3823$
2) 4222$
3) 4500$
ST : 2600$
Not a financial advice 🤝
#ethurum
Zone Long:
1) 3040$
2) 3050$
Target :
1) 3823$
2) 4222$
3) 4500$
ST : 2600$
Not a financial advice 🤝
#ethurum
#EthereumClassic para quem quiser ganhar uma grana em curto prazo, está na hora de investir na #ethurum . forte queda, mas sabemos que vai subir.
🐶🚀 Exciting Developments Propel Dogecoin (DOGE) to New Heights!
Breaking news for Dogecoin enthusiasts: Tesla's latest announcement shakes up the crypto world! Tesla has officially declared its acceptance of Dogecoin as a payment method for select products. As reported by PANews, Tesla's website will now feature the Dogecoin symbol alongside eligible products, offering buyers the opportunity to complete purchases using this beloved cryptocurrency.
To make a Dogecoin payment, buyers simply transfer the required amount to Tesla's designated Dogecoin wallet, streamlining the purchasing process. This move underscores Tesla's commitment to embracing cryptocurrencies in everyday transactions, marking a significant milestone for mainstream crypto adoption.
With Tesla leading the charge in crypto acceptance, Dogecoin experiences an exhilarating surge in response to this groundbreaking news! 🌟
#Doge #CryptoWatchMay2024 #Altcoins #BlackRock #ethurum #BTC
Breaking news for Dogecoin enthusiasts: Tesla's latest announcement shakes up the crypto world! Tesla has officially declared its acceptance of Dogecoin as a payment method for select products. As reported by PANews, Tesla's website will now feature the Dogecoin symbol alongside eligible products, offering buyers the opportunity to complete purchases using this beloved cryptocurrency.
To make a Dogecoin payment, buyers simply transfer the required amount to Tesla's designated Dogecoin wallet, streamlining the purchasing process. This move underscores Tesla's commitment to embracing cryptocurrencies in everyday transactions, marking a significant milestone for mainstream crypto adoption.
With Tesla leading the charge in crypto acceptance, Dogecoin experiences an exhilarating surge in response to this groundbreaking news! 🌟
#Doge #CryptoWatchMay2024 #Altcoins #BlackRock #ethurum #BTC
As Bitcoin and Ethereum recover, once-dominant meme currencies are now the day's top movers.
Inspired by animals Leading the charge with over $900 million in trade volume each over the past day are MOODENG and PNUT.
Following its memes, Solana's price jumped to a two-month high on Friday.
#PnutCrypto
#moodneg
#solana
#ethurum
#MEME
Inspired by animals Leading the charge with over $900 million in trade volume each over the past day are MOODENG and PNUT.
Following its memes, Solana's price jumped to a two-month high on Friday.
#PnutCrypto
#moodneg
#solana
#ethurum
#MEME
Hi Everyone 👋.
This is my First Post and Today we are going to discuss Important Narratives and Their Coins for 2024-2025 Alt Season.
So The First and The most Important is AI category
Main AI coins that I am holding and Accumulating in DUMPS are CTX $CTXC and PHB $PHB .
.
Second Category is of Layer Two Tokens Which are on Ethereum Layer and If #ethurum #ETF✅ is approved so we will watch a good turn over in This category tokens and coins so the coins are OP #OPUSDT and the second is $LTO .
There are also some other categories in Which you can Invest like RWA ( Real World Assets ) ,GameFi , Socialfi .
Thanks You Soo much If you read tell here drop a beautiful comment and also like to post as well ❤️🩹.
This is my First Post and Today we are going to discuss Important Narratives and Their Coins for 2024-2025 Alt Season.
So The First and The most Important is AI category
Main AI coins that I am holding and Accumulating in DUMPS are CTX $CTXC and PHB $PHB .
.
Second Category is of Layer Two Tokens Which are on Ethereum Layer and If #ethurum #ETF✅ is approved so we will watch a good turn over in This category tokens and coins so the coins are OP #OPUSDT and the second is $LTO .
There are also some other categories in Which you can Invest like RWA ( Real World Assets ) ,GameFi , Socialfi .
Thanks You Soo much If you read tell here drop a beautiful comment and also like to post as well ❤️🩹.
Will Ethereum Break Through or Continue Consolidating? (Ethereum Price Analysis)
Ethereum's recent price movements have traders wondering whether it will plummet below $3,000 or if the bulls will step in to push it higher. Let's examine the key levels to watch and what the technical indicators suggest for ETH's next move.
Daily Chart: Consolidation and Critical Support 🔄
Looking at the daily chart, Ethereum has been consolidating near important support levels defined by the 0.5 ($3,139) and 0.618 ($2,910) Fibonacci retracement levels, along with the 100-day moving average (MA). This consolidation has given ETH a slight bullish rebound, but it now faces a significant resistance zone.
- Descending Wedge Pattern: Ethereum's price action shows a descending wedge pattern, typically a bullish continuation signal. This pattern's lower boundary coincides with the consolidation range, suggesting a potential breakout.
- Critical Resistance: Ethereum must overcome the resistance zone around the wedge's upper boundary and the $3,400 mark to confirm a bullish trend. If successful, ETH could surge toward the $4,100 level.
- Consolidation Zone: If Ethereum fails to breach the resistance, it may continue consolidating within the wedge's boundaries and the 100-day MA, indicating a sideways movement for the near future.
4-Hour Chart: Inverted Head and Shoulders Rejected ❌
The 4-hour chart shows Ethereum's sideways movement near the $3,000 support region. During this phase, ETH formed an inverted head and shoulders pattern, typically a bullish reversal signal. However, the price was rejected after breaching the pattern's neckline at $3,300, indicating a false breakout.
- Support and Resistance Levels: Ethereum appears poised to continue consolidating within the $3,000 support and the $3,400 resistance. A successful breach of this range could set the direction for Ethereum's price in the medium term.
Sentiment Analysis: Futures Market Cooling Down 🧊
The sentiment analysis reveals a cooling down of the futures market after Ethereum's recent rejection from the $3,300 swing high. The Binance ETH/USDT liquidation heatmap shows significant liquidity below the critical $3,000 level, suggesting a potential cascade of sell-stop orders if this support is breached.
- Low Liquidity: The lack of significant liquidity levels in either direction indicates that the market may experience an impulsive movement driven by sentiment in the futures market.
Conclusion: What's Next for Ethereum? 🤔
Ethereum's future price action depends on its ability to break through the resistance zone around $3,400 or continue consolidating within the wedge pattern. If the bulls can push ETH above this level, it could signal a bullish trend towards $4,100 and beyond. However, if the resistance holds, Ethereum may remain range-bound, with the potential to drop below $3,000.
Keep an eye on these critical levels and monitor market sentiment for any signs of a significant move. As always, invest responsibly and stay updated on the latest developments in the crypto market. 🌟#MarketSentimentToday #ETH💝USDT #ethurum #EthereumPower $ETH
Daily Chart: Consolidation and Critical Support 🔄
Looking at the daily chart, Ethereum has been consolidating near important support levels defined by the 0.5 ($3,139) and 0.618 ($2,910) Fibonacci retracement levels, along with the 100-day moving average (MA). This consolidation has given ETH a slight bullish rebound, but it now faces a significant resistance zone.
- Descending Wedge Pattern: Ethereum's price action shows a descending wedge pattern, typically a bullish continuation signal. This pattern's lower boundary coincides with the consolidation range, suggesting a potential breakout.
- Critical Resistance: Ethereum must overcome the resistance zone around the wedge's upper boundary and the $3,400 mark to confirm a bullish trend. If successful, ETH could surge toward the $4,100 level.
- Consolidation Zone: If Ethereum fails to breach the resistance, it may continue consolidating within the wedge's boundaries and the 100-day MA, indicating a sideways movement for the near future.
4-Hour Chart: Inverted Head and Shoulders Rejected ❌
The 4-hour chart shows Ethereum's sideways movement near the $3,000 support region. During this phase, ETH formed an inverted head and shoulders pattern, typically a bullish reversal signal. However, the price was rejected after breaching the pattern's neckline at $3,300, indicating a false breakout.
- Support and Resistance Levels: Ethereum appears poised to continue consolidating within the $3,000 support and the $3,400 resistance. A successful breach of this range could set the direction for Ethereum's price in the medium term.
Sentiment Analysis: Futures Market Cooling Down 🧊
The sentiment analysis reveals a cooling down of the futures market after Ethereum's recent rejection from the $3,300 swing high. The Binance ETH/USDT liquidation heatmap shows significant liquidity below the critical $3,000 level, suggesting a potential cascade of sell-stop orders if this support is breached.
- Low Liquidity: The lack of significant liquidity levels in either direction indicates that the market may experience an impulsive movement driven by sentiment in the futures market.
Conclusion: What's Next for Ethereum? 🤔
Ethereum's future price action depends on its ability to break through the resistance zone around $3,400 or continue consolidating within the wedge pattern. If the bulls can push ETH above this level, it could signal a bullish trend towards $4,100 and beyond. However, if the resistance holds, Ethereum may remain range-bound, with the potential to drop below $3,000.
Keep an eye on these critical levels and monitor market sentiment for any signs of a significant move. As always, invest responsibly and stay updated on the latest developments in the crypto market. 🌟#MarketSentimentToday #ETH💝USDT #ethurum #EthereumPower $ETH
$BTC is rising again after many people lost money on their bets that it would fall. Now it might be a good time for those who bet it would fall to lose money instead. BTC could go up to $70,000 soon. But make sure you do your own research first. #altcoinscrash #BlackRocks #MicroStrategyOrange #ethurum #BTC
💰 **Crypto Meltdown Alert! $250 Billion Wiped Out!**
📉 **Market Turmoil Details:**
- April ended with uncertainty, but May hit crypto investors harder.
- Long positions crumbled, resulting in a staggering $400 million loss in leveraged trades within 24 hours.
🤯 **Shock Stats:**
- 137,016 investors faced the heat, losing $464.54 million.
- Bulls bore the brunt, with $399.88 million evaporating from long positions.
- Bears added $64.67 million to the pain with short sales.
🔥 **Epicenter of Losses:**
- $168.22 million vanished in the last four hours alone.
- Liquidations hit hard, with $153.17 million lost by bull liquidations.
💥 **Cryptocurrency Ecosystem Quake:**
- Total market capitalization plummeted from $2.29 trillion to $2.04 trillion, a loss of $250 billion (10.87%).
💡 **What's Next?**
- Bitcoin and Ethereum bore the brunt, with liquidations totaling $165.77 million and $120.76 million, respectively.
- Bitcoin's drop over 7.5% raised eyebrows, lingering at $57,200, sparking fears of $54,000 or even $50,000 support levels.
🚨 **Investor Anxiety Rising:**
- The loss of $60,000 support triggered panic, fueling speculations of further dips.
- Analysts foresee turbulent waters ahead, eyeing $54,000 as a psychological support and target zone.
📊 **Stay Informed, Stay Vigilant!**
- Brace for volatility, strategize your moves wisely. 💪
- Like, share, and follow for more updates on the crypto rollercoaster! 🚀
Let's navigate through this storm together! ⛈️ #BTC #fomc #buythedip #ethurum #BNB
📉 **Market Turmoil Details:**
- April ended with uncertainty, but May hit crypto investors harder.
- Long positions crumbled, resulting in a staggering $400 million loss in leveraged trades within 24 hours.
🤯 **Shock Stats:**
- 137,016 investors faced the heat, losing $464.54 million.
- Bulls bore the brunt, with $399.88 million evaporating from long positions.
- Bears added $64.67 million to the pain with short sales.
🔥 **Epicenter of Losses:**
- $168.22 million vanished in the last four hours alone.
- Liquidations hit hard, with $153.17 million lost by bull liquidations.
💥 **Cryptocurrency Ecosystem Quake:**
- Total market capitalization plummeted from $2.29 trillion to $2.04 trillion, a loss of $250 billion (10.87%).
💡 **What's Next?**
- Bitcoin and Ethereum bore the brunt, with liquidations totaling $165.77 million and $120.76 million, respectively.
- Bitcoin's drop over 7.5% raised eyebrows, lingering at $57,200, sparking fears of $54,000 or even $50,000 support levels.
🚨 **Investor Anxiety Rising:**
- The loss of $60,000 support triggered panic, fueling speculations of further dips.
- Analysts foresee turbulent waters ahead, eyeing $54,000 as a psychological support and target zone.
📊 **Stay Informed, Stay Vigilant!**
- Brace for volatility, strategize your moves wisely. 💪
- Like, share, and follow for more updates on the crypto rollercoaster! 🚀
Let's navigate through this storm together! ⛈️ #BTC #fomc #buythedip #ethurum #BNB
Analysts underlined Ethereum: Pay attention to this data!
Analysts compare Ethereum's uncertainty regarding its future price with the volatility caused by options, comparing it to Bitcoin.
In contrast, Bitcoin's implied volatility has seen a more dramatic decline; This shows that derivative traders perceive that they are heading towards stability. Implied volatility (IV) is a measure used in the options market that represents the market's estimate of the likely future movement or price fluctuations of an asset or security.
According to The Block's data dashboard, Ethereum's IV has not fallen to the same extent as Bitcoin's during the current post-halving market adjustment period. The Bitcoin volatility index dropped from 72 percent during the halving event to 55 percent, the lowest level in the last few months. In contrast, the same measurement for ETH showed a drop from 76 percent to the current value of 65 percent.
According to this week's Bitfinex Alpha report, options traders' uncertainty regarding Ethereum's medium-term price is reflected in the asset's volatility risk premium (VRP). The report summarized that the ETH options market showed less in VRP than Bitcoin options.
Bitfinex analysts noted uncertain market conditions towards the end of the month for the second-largest digital asset by market capitalization due to the looming deadline for the U.S. Securities and Exchange Commission (SEC) decision on two spot Ether ETFs. “One possible reason why the ETH volatility risk premium has fallen less than Bitcoin is because the SEC's ETF decision on May 23, 2024 creates additional uncertainty for the Ethereum price,” Bitfinex analysts added.
According to this week's Bitfinex Alpha report, options trader uncertainty about Ethereum's medium-term price is reflected in the asset's volatility risk premium (VRP). According to TradingView data, during the last market adjustment period after the halving, Bitcoin volatility risk premium (VRP) dropped to 8 percent, while #Ethereum's VRP dropped to 18 percent.
#ethurum #BNB #ETFvsBTC
Analysts compare Ethereum's uncertainty regarding its future price with the volatility caused by options, comparing it to Bitcoin.
In contrast, Bitcoin's implied volatility has seen a more dramatic decline; This shows that derivative traders perceive that they are heading towards stability. Implied volatility (IV) is a measure used in the options market that represents the market's estimate of the likely future movement or price fluctuations of an asset or security.
According to The Block's data dashboard, Ethereum's IV has not fallen to the same extent as Bitcoin's during the current post-halving market adjustment period. The Bitcoin volatility index dropped from 72 percent during the halving event to 55 percent, the lowest level in the last few months. In contrast, the same measurement for ETH showed a drop from 76 percent to the current value of 65 percent.
According to this week's Bitfinex Alpha report, options traders' uncertainty regarding Ethereum's medium-term price is reflected in the asset's volatility risk premium (VRP). The report summarized that the ETH options market showed less in VRP than Bitcoin options.
Bitfinex analysts noted uncertain market conditions towards the end of the month for the second-largest digital asset by market capitalization due to the looming deadline for the U.S. Securities and Exchange Commission (SEC) decision on two spot Ether ETFs. “One possible reason why the ETH volatility risk premium has fallen less than Bitcoin is because the SEC's ETF decision on May 23, 2024 creates additional uncertainty for the Ethereum price,” Bitfinex analysts added.
According to this week's Bitfinex Alpha report, options trader uncertainty about Ethereum's medium-term price is reflected in the asset's volatility risk premium (VRP). According to TradingView data, during the last market adjustment period after the halving, Bitcoin volatility risk premium (VRP) dropped to 8 percent, while #Ethereum's VRP dropped to 18 percent.
#ethurum #BNB #ETFvsBTC
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