Jawad112

The price has fallen from a high around $4,556.75 (on Oct 18) to the current price of $3,003.64 (on Nov 20), hitting a recent low around $2,873.00. This demonstrates a strong bearish trend over the observed period.

🎯 Best Areas for Entry
Given the sharp drop and the recent low, here are two primary areas for potential entry.
1. For a Potential Long (Buy) Entry: The Reversal/Support Area
* Entry Area: Approximately $2,800 - $2,900
* Reasoning:
* Psychological Support: The price hit a low of $2,873.00, suggesting that this area could act as short-term support. A drop below this low and a quick rebound would form a "Wick Reversal" or "Hammer" pattern (if viewed on a smaller timeframe), indicating aggressive buying interest.
* Risk/Reward: Placing an entry near this support level allows for a tight stop-loss just below it (e.g., $2,750), offering a good risk-to-reward ratio if the price attempts to retest previous highs (e.g., $3,300 or $3,500).
Wait for confirmation! Do not enter while the price is still aggressively falling. Look for evidence of buying, such as a large green candle or a break of a short-term resistance level (e.g., $3,100) on a smaller timeframe (e.g., 1-hour or 4-hour) after touching this zone.#MarketPullback
$ETH

Ethereum Price Decline:
Ethereum‘s correction movement, which started below the $3,350 region, paints a negative picture in the short term. Currently, the price is trading below $3,350 and the 100-hour Simple Moving Average.

Ethereum’s price, like Bitcoin, has recently been trending below the $3,550 and $3,500 levels and continues to stay in the short-term downtrend zone. This situation led to a decline below the support level of $3,350, causing ETH to experience further drops.
Lastly, the price dropped below the $3,100 support level and saw lows such as $3,056. The price is currently consolidating these losses, but looking at the Fibonacci retracement levels, the downward trend still appears to be strong.
Resistance and Support Levels:
While Ethereum’s price is trading below the $3,350 support level and the 100-hour Simple Moving Average, the immediate resistance is around $3,280. However, surpassing the significant resistance level of $3,350 seems quite challenging at the moment.
The critical $3,420 resistance level stands as the next major hurdle for Ethereum. A large descending trend line formed near this level on the hourly chart could limit the price’s upward movements.
In light of all this data, it can be said that Ethereum is going through a difficult period in the near term and the bears are holding control. The $3,000 support region is critical for ETH and is a level that should be closely monitored.
Upside Potential and Downward Trend:
If Ethereum’s price can surpass the $3,550 resistance level, it could gain upward momentum. In this case, Ethereum could rise towards the $3,650 level.
If there is a move above the $3,650 resistance, Ethereum could experience a rapid rise towards the $3,800 resistance. Moreover, this upward trend could even prompt a test of the $4,000 level.
If Ethereum cannot surpass the $3,420 resistance, the downward movement may continue. In this case, the first support level will be around $3,050. Further losses could push the price towards the $3,000 region. And if this support is broken, a support level of $2,950🔻 is expected.

#ethreum #btcdumping #ETH #DownTrendStarting #WhaleWatchers

أعلنت Ether.fi، أكبر بروتوكول لإعادة تخزين السيولة على Ethereum، عن خططها لإطلاق مجموعة من رموز الحوكمة.

سيبلغ إجمالي المعروض من الرمز المميز، المسمى ETHFI، مليار رمز مميز، مع معروض متداول أولي يبلغ 115.2 مليون رمز مميز. ستصدر المرحلة الأولى من عملية الإنزال الجوي، والتي تحمل عنوان الموسم الأول، 6٪ من إجمالي المعروض من الرمز المميز وتغطي السلوك حتى 15 مارس. سيصدر الموسم الثاني 5٪ من الرموز المميزة المتبقية ويغطي السلوك من 15 مارس إلى تاريخ مستقبلي غير محدد. سيتم تقسيم الرموز المميزة المتبقية بين المستثمرين والشراكات والمساهمين الأساسيين وخزانة البروتوكول، وفقًا لتوزيع توكنوميكس للبروتوكول.

Ether.fi (ETHFI) is a relatively new cryptocurrency project (as of March 13, 2024) focused on decentralized staking, aiming to simplify staking and potentially increase its accessibility. Here's a breakdown of its importance and current status:

Decentralized Staking:
ETHFI offers a non-custodial staking solution, meaning users retain control of their cryptocurrency while staking. This is important because it avoids the risks associated with centralized staking platforms.
Liquid Staking:
ETHFI introduces a liquid staking token (ETHFI). Unlike traditional staking, where tokens are locked for a period, ETHFI allows you to hold a token representing your staked assets. This token can be traded on exchanges or used in other DeFi applications, potentially increasing flexibility and utility for users.
Recent Launchpool on Binance:
While the Launchpool program might have concluded by now, it signifies initial interest from a major exchange. ETHFI was offered as a reward for staking other cryptocurrencies (likely BNB and FDUSD) on Binance's Launchpool platform from March 14-17, 2024.ETHFI launchpool
Price Information
Price: The price of ETHFI coin is currently listed at $0.01416 on Binance, with a market cap yet to be fully disclosed
Real-time Data: Platforms like CoinGecko and CoinMarketCap provide real-time data on ETHFI's price, volume, market capitalization, and trading trends
In summary, ETHFI coin represents an innovative approach to liquid staking within the cryptocurrency space, offering users the opportunity to participate in staking activities while potentially earning rewards through loyalty points and a future airdrop of the $ETHFI token.

#ETHFI
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#BTC