The alt season has begun, and 6 tokens will follow the trend and grow
(Token Analysis)
bitcoin
It is an updated version of the symmetrical triangle structure I shared yesterday. I still expect the same triangle 📌If it breaks upward, it will reach the 72-73K level. 📌I think if it breaks down it will target the 67.2K level.
BABY
📌Symmetrical triangle on the hour 📌 4-hour pennant
📌There are two patterns in the daily chart: the inverted shoulder and the shoulder-cup handle. Let's pay attention to it for a while.
WIF
At the moment. It has successfully covered the triangle resistance and is now retesting the 4-hour. If the retest is approved, it will continue to rise from where it stopped last time. Track it.
Cash flow pours into $ETH, check out the ETH ecosystem
(Focus) There are rumors that an Ethereum spot ETF will soon be approved by the SEC. With the approval of Ethereum spot ETF, it is expected that the capital flow of the crypto market will flow to $ETH Therefore, there are a few coins that you can include in your monitoring as they are likely to follow the movements of $ETH. These tokens are often referred to as “ETH-beta”, here are some examples Entering the ETH ecosystem
New Tokens: - $ETHFI - The current top heavy staking platform - $REZ - Currently the second-ranked staking platform - $ALT - Re-summarize - $ENA - Synthetic USD based on Ethereum
The deadline for ETH ETF approval has triggered a massive surge in DeFi 1.0, with 6 best token opportunities
Market Update - Ahead of Deadline for Approval of ETH ETF
We have received a lot of this information in recent days, and not just from one single source.
- ETF providers are updating their ETH tokens - Internal leak of approval information - Blackrock is updating their 19b-4 form for a spot Ethereum ETF - And other news
The news came very suddenly as no one expected the ETH ETF to be approved so soon.
The procedure for applying for an Ethereum ETF license is quite similar to that for applying for a Bitcoin spot ETF license.
After an organization submits a new ETF license application, the SEC will register the application in the Federal Register. From the date of registration, a 240-day countdown will begin.
The education sector has moved significantly, the price is x2, and the market value is still very low
LIVE
大白逛吃
--
CZ returns to promote education: $NFE’s first project that combines education, RWA, and AI. Has the potential to grow 10 to 30 times
Recently, Binance founder CZ announced that he will focus on building a new project called Giggle Academy about Education on the X platform. It stated that it would launch a free education project for everyone to make education more gamified. It also stated that the project is currently in an early stage and no new tokens will be issued.
Immediately, the project received great attention from the community, and everyone can pay attention to $HOOK and $EDU - these two products still maintain a strong upward trend and belong to the education field. Most importantly, behind it is Binance Labs. CZ is back and the market promises to be even more exciting in the second quarter.
Once $ETH ETF is approved, these 6 meme coins will explode immediately
Once the $ETH ETF is approved, Memecoin will become even more popular! I checked multiple memes to find the most promising ones. Here are my picks for the memes that will make you a millionaire in 2024
With the $ETH ETF about to be approved, the market outlook is even brighter. Compared to $BTC, the funds from the ETF will not only flow into $ETH, but also into other narratives, thus strongly pushing up altcoins.
Many are calling for this cycle to be broken and we jump straight from $BTC to MEME, but what if phase 2 begins? $ETH eventually starts to outperform $BTC, which would lead to a strong push for other tokens.
This week is very hot, ETH ETF + FOMC meeting news will be announced. 9 altcoins to make immediate profits
Thanks to $ETH for its efforts from yesterday's pillar to now Everyone is still waiting for the approval of the $ETH spot ETF to be launched tomorrow In every cycle, $ETH must fly first to create the premise for the arrival of the altcoin season, but in the case where $ETH flies first, does it mean that insiders already know the good news, so they collect it first? Coincidentally, there will also be a FOMC meeting tomorrow morning, and I feel like everything is set for the market to explode at the same time. So be prepared for prices to go crazy tomorrow. Those who received the goods a few days in advance are now physically and mentally healthy. Those who have not received the goods should continue to monitor the token#AI#RWA#meme. If there are any adjustments, be sure to receive the goods immediately.
I think the market would behave this way if $ETH ETF was approved tomorrow.
Of the Ethereum systems that will be pumping, L2, $PENDLE and $PEPE pumping are still the worst at this stage.
$PEPE is only missing 1 step to achieve a $DOGE like position in my opinion, exchange listings on Coinbase and Robinhood.
If all goes well, Q3 is a very good risk signal for altcoins.
LIVE
大白逛吃
--
8 Ethereum test coins are waiting for the spot ETH ETF to be approved and then surge
$ETH: I think we’ll have a brief pullback around 4k, but this will certainly break all-time highs if the ETF is approved. Short term ETH ETF may be news to coordinate prices, but long term approval is certain!
$SOL goes up to $200, pulls back, and then let’s see what happens next.
Don't assume $SOL will underperform $ETH for long.
- The market capitalization gap between the two assets is huge - They attract a very different type of buyer - $SOL is still undervalued based on network metrics
Perhaps it was a lackluster week due to the ETF hype.
Compared with SOL: ETH is a short-term outperformer, while Sol will be a medium- to long-term outperformer
8 Ethereum test coins are waiting for the spot ETH ETF to be approved and then surge
$ETH : I think we’ll have a brief pullback around 4k, but this will certainly break all-time highs if the ETF is approved. Short term ETH ETF may be news to coordinate prices, but long term approval is certain!
$SOL goes up to $200, pulls back, and then let’s see what happens next.
Don't assume $SOL will underperform $ETH for long.
- The market capitalization gap between the two assets is huge - They attract a very different type of buyer - $SOL is still undervalued based on network metrics
Perhaps it was a lackluster week due to the ETF hype.
Compared with SOL: ETH is a short-term outperformer, while Sol will be a medium- to long-term outperformer
Predicting the price reaction of the spot Ethereum ETF to the altcoin market
My thoughts and predictions on the spot Ethereum ETF Reference: Price reactions in different periods in previous spot Bitcoin ETF cases. Looking back, you can see that $BTC’s reaction to the two major events in 2024 (spot ETF and halving) was slightly synchronized. - For ETF: Rumors flare up ⇢ until official approval 👉 $BTC increases by 90%, then decreases by -20%. - Halving: ETF continues to fall, $BTC reached 73k (up nearly 90% 1 month before halving) has now dropped to 56k (also down nearly -20%) before rebounding to over 70k today.
Personal opinion: This is still the eternal story of "buy the rumor, sell the truth". In the above two cases we see that the Bitcoin price reaction, although not 100% the same, has obvious similarities ⇢ both increased the activation date before the official release and then adjusted it.
The altcoin market surges, and 6 strong tokens are waiting to break through
(Token Analysis)
bitcoin At present, with last night's rise, the intermediate resistance level of 71K was reached, and a small reaction sell occurred. Although there is a possibility of a small correction, our target range of 72-73K has not changed. In a possible correction, the intermediate support level can be 69.5K.
AI At present. It broke the downtrend and closed in that trend. If it continues to rise, it will target the levels I mentioned in the chart. Track it.
ETHFI Currently, after yesterday's 30% rally, it is trapped at the intermediate resistance level that I shared. If it rises above this level, the higher levels that I mentioned in the chart can serve as profit targets.
$BTC is regaining momentum, is there still a chance to invest 100 times in $ONDO now?
$ONDO was one of the few coins that did not retrace after $BTC peaked at 73K in a short period in April when altcoins dropped 40-50%.
Now that $BTC is regaining momentum, can we still invest in $ONDO? Let’s ride the DeFi disruption wave with $ONDO.
$ONDO Deep Dive
Before we get into the specifics, if you’re interested in RWA or want to invest in ONDO, bookmark this thread for future reference.
That’s all you need to know about ONDO. Before discussing $ONDO, let’s first understand the concept of real-world assets and how ONDO uses them to provide attractive investment opportunities.
$ETH surges, this week may be the last chance before ETF approval, 10 most promising altcoins
$ETH : Is this the bottom? Hard to say. We've been getting hammered on this for so long it's hard to tell. I think the safest thing for most people is probably to buy on the upside rather than trying to buy the dip. ETH should surpass $BTC at some point... eventually (in the short term).
Probably the only two charts you should be looking at for $ETH news are $SOL/ETH and $ETH /BTC. ETH had a crazy candle last night, but it has been underperforming the other two assets by a wide margin this cycle (so far). Whether this is sustainable remains to be seen.
Why these? Throughout the bull run, we saw how $RNDR and $TAO led the recovery in the altcoin market. This is likely to happen in the next push as well, as they are both well below recent local highs.
🤖 $RNDR ( rendernetwork ) - The price is firmly above $10 and a significant resistance level has been breached. - We have seen strong surges above this level in the past and this could happen again when more volume flows into altcoins - Multiples of 10 are observed to be good psychological levels in asset trading
$ETH Eyes Breakout: Will ETH ETF Decision Drive Price to $6k?
$ETH shows bullish signs with falling wedge/bull flag pattern and strong bounce off support.
ETH ETF decision to be announced on Thursday. Deadline for 4 ETF issuers starts at the end of this month, May 23. Potential Targets: Approval: ETH could surge to $5k-6k. Rejection: ETHUSDT could drop to $2500-2000. Conversely, a rejection, especially based on token classification as securities, could result in a drop for ETH and#DeFiassets.
Strategy: Consider a spot long position, but avoid over-leverage due to potential volatility.
6 Coins to Watch for the Week Ahead, Ready to Rise
(Cryptocurrency watchlist for the coming week) $ETH - VanEck Spot ETH ETF Application Deadline is May 23 AI Coin-NVIDIA's first quarter 2024 financial report will be released on May 22 $FTM - Start voting for Fantom to launch a new token, $S. Fantom will be renamed Sonic and will migrate from $FTM to $S at a 1:1 ratio $DEAI - Proposals for launching 3 incubation projects on Zero1 platform will be launched soon $PYTH - $900 million worth of PYTH will be unlocked on May 20th. This is 141% of its circulating supply $INTX - IntentX, an OTC perpetual DEX with 270+ pairs, will launch its token on May 23
$SOL will overthrow Ethereum? 6 tokens at key support positions
$BTC has attracted accumulation from sovereign wealth funds and entire government coffers worth trillions of dollars.
$SOL has achieved mass adoption while also seeing super speculation (pumpdotfun) on memecoin.
$ETH has 100+ re-hypothecation/L2 VC projects launching dead tokens with no users.
Can anyone help?
While there is a lot of talk right now that $SOL will overthrow Ethereum, and in reality Ethereum’s transaction volume remains quite low recently, I don’t think anyone will be able to replace Ethereum’s dominance.