#Ethereum is now trading around $3206. It is forming a double bottom pattern on the daily timeframe. So, the possible scenarios are: the price testing the neckline of the pattern, and after a breakout of the neckline, we may see bullish momentum. Otherwise, if the price rejects from the neckline, then Ethereum may dump, and the price can move towards the lower support zone. Keep an eye on it and stay tuned with us for further updates. #BTCVSGOLD #ETH/USDT #ETH
$ETH MARKET TODAY ANALYSIS : ⢠ETH Price Action: ETH is currently holding at a crucial support zone (highlighted in green). If this area breaks downwards, a further decline in ETH's price is anticipated. ⢠$ETH Strength: Despite USDT dominance (typically a bearish sign) pumping, ETH is sustaining its price, suggesting strong buying pressure is preventing a fall. ⢠Upcoming Catalyst: The Unemployment Claims data is due today at 6:30 PM (forecast: 219k). ⢠Actual $> 219k: Expect a minor correction for $BTC and gold. ⢠Actual $< 219k: Expect a small pump in the market. ⢠Risk Management: You have set your stop losses to Break-Even (BE) in ETH trades. #BinanceBlockchainWeek #BTCVSGOLD #BTC86kJPShock #TrumpTariffs #CryptoRally
The crypto market is showing major strength again! ⢠Bitcoin ($BTC ) has bounced back above $93,000, hitting its highest level since mid-November. ⢠Ethereum (ETH) followed the momentum, jumping 5%+ to reclaim the $3,100 zone.
This sharp rebound was fueled by: ⢠Massive short liquidations ā over $406M wiped out (including $237.5M BTC shorts) ⢠Strong inflows into crypto ETFs ā $58.5M just on Monday, continuing a multi-day streak ⢠Bullish trends in Tech & AI stocks, creating a spill-over positive sentiment into crypto
Strategy (Major $BTC -holding firm) under pressure from potential index exclusion
⢠Strategy, a major institutional holder of $BTC (BTC), is reportedly in talks with MSCI over a possible removal from MSCI indices ā a move which, according to JPMorgan, could trigger up to US$8.8 billion in outflows if other index providers follow suit. ļæ¼