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#MANTA/USDT LONG 10x Entry : 1.720 - 1.680 Targets 1.7312 1.7404 1.7632 1.7890 1.8023 1.8256 Stop: 1.6230 $MANTA

#MANTA/USDT

LONG 10x

Entry : 1.720 - 1.680

Targets

1.7312

1.7404

1.7632

1.7890

1.8023

1.8256

Stop: 1.6230

$MANTA

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Ethereum Foundation Moves 1,000 ETH - Is The Top In? The Ethereum Foundation, a non-profit organization that supports the Ethereum ecosystem, recently transferred a significant amount of ETH. Given what this transaction could imply, it has drawn the crypto community's attention, which is already speculating about whether the market top might be in. Ethereum Foundation Moves 1,000 ETH. On-chain analytics platform SpotOnChain revealed in an X (formerly Twitter) post that the Ethereum Foundation transferred 1,000 ETH ($3 million) to a middle multi-signature wallet (0xbc9) on May 8. This development is more concerning as SpotOnChain revealed that the Foundation has made other transactions since the start of 2024. According to the platform, the Ethereum Foundation has sold 1,766 ETH for 4.81 million DAI at an average price of $2,725 for each ETH. These transactions are said to have occurred in "several small batches via the same multi-signature wallet. Interestingly, SpotOnChain noted that these transactions often occur ahead of a price drop. It is worth mentioning that the Ethereum Foundation already has a reputation for selling at the top, suggesting that their selling ahead of a drop might not be a coincidence. In 2022, NewsBTC reported that Ethereum dropped by 40% after the Foundation sold off 20,000 ETH. Meanwhile, in 2021, ETH experienced a downtrend for months after the organization sold off 35,000 ETH. Journalist Colin Wu also revealed back then that Ethereum's founder, Vitalik Buterin, had persuaded the foundation to "sell 70,000 ETH at the top of 2018 to support the work of developers." Wu further claimed that the Foundation's sell-off is a "normal operation, but it also means that the Foundation thought that bear market was coming." Therefore, from Wu's revelation, one can deduce that the Ethereum Foundation could have an idea of when the market top is, which prompts them to always make these sales before ETH makes a significant decline.
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Shiba Inu (SHIB) Key Dates Are May 11 and 12, Here's Why. Key upcoming Shiba Inu dates that could determine its short-term trajectory are May 11 and 12, pivotal days when SHIB is expected to approach and potentially challenge a major technical barrier: the 50- day Exponential Moving Average. Currently, SHIB has found support at the 100 EMA, a sign that suggests upward movement might be on the horizon. The 100 EMA has historically acted as a strong foundation from which the price can rebound, and recent patterns suggest that SHIB is poised for such a move. With this level providing a bounce, there is a realistic expectation that SHIB will test the 50 EMA within the next couple of days. The significance of the 50 EMA cannot be overstated for SHIB. It represents the most formidable resistance level facing the token at the moment. A break above this threshold could signal a significant bullish trend, but a failure to surpass it might reinforce a bearish outlook due to the breakdown below crucial resistances. Adding to the anticipation are the narrowing price bands SHIB has been experiencing. This narrowing typically precedes a period of heightened volatility as the price consolidates before making a substantial move. With the price compression becoming increasingly tight, a volatility explosion is highly likely. Such movements are often catalysts for breaking through significant technical levels like the 50 EMA. These dates could be crucial for Shiba Inu as they might not only shape immediate price actions but could also set the tone for its medium-term market positioning. $SHIB
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