The price has left a horizontal range of $3080 - $3230 and now heading upwards. Ethereum usually pumps with hard impulses, so retests are less likely to happen.
Best entry in LONG position (if you want) is $3300 - $3350.
The local target for $ETH is $4000. Hope you understand that if Ether goes to 4k, Altcoins will have a massive party. Praying. $ETH
This week marks a historic milestone, with Bitcoin's price reaching $98.2K and posting an impressive +71.3% quarterly performance. 📈🔥
In comparison, traditional assets like Gold (+5.3%) and Silver (+8.0%) have delivered modest gains, showcasing Bitcoin’s dominance as the premier asset of the quarter. 💎
Price broke the resistance area and retested it. The price is now testing the all-time high resistance area, and once it breaks above $260, FOMO will kick in, leading to high volatility.
Bitcoin continues its upward movement after breaking the triangle pattern. The price also broke the $95,000 key resistance level and reached a new all-time high. Let's see how BTC reacts at the $100,000 level.$BTC
Even with a minor Bitcoin correction (-1.7%), altcoins continue to react with significant pullbacks, averaging between 7% and 15%! Bitcoin dominance has reached a new local high, now sitting at 61%. This makes longing altcoins extremely risky at this stage of the market. The best approach is to calmly accumulate positions on spot (in parts) and wait for them to play out.
Until the desired growth impulses arrive, we may see deeper pullbacks to shake out weak hands. Stay cautious and trade wisely! ⚠️$PEPE $SHIB $MEME
The US dollar is consolidating within a descending triangle pattern and has recently broken out to the upside. It is now testing the horizontal supply zone, though a potential pullback cannot be ruled out.
The Ichimoku Cloud is offering support below the price action, strengthening this technical setup.
Given the dollar's inverse relationship with the cryptocurrency market, any significant movement in the dollar could have a substantial impact on broader market dynamics. $USTC
Price is currently testing the support area and needs to hold this level to enable upward movement. You can open a long position at the support area with a tight stop loss. We might see a bounce from the support area.
DYM is consolidating within a symmetrical triangle pattern and is currently encountering resistance at the upper trendline.
The Ichimoku Cloud further reinforces this resistance barrier. A decisive breakout above or breakdown below the pattern is needed to confirm the next directional move. $DYM
Over the past 24 hours, 1.6 trillion SHIB tokens, equivalent to $41 million, were purchased and withdrawn across all exchanges.
❗️The last time we saw such a spike in buying activity, the asset responded with a growth of over ~30% shortly after!
Let’s see how it plays out this time. Considering the current meme coin trend, SHIB’s trading position after a pullback, and strong accumulation, there’s a solid chance we could witness another wave of growth for SHIB. $SHIB
According to CryptoQuant, retail investors are holding firm amid Ethereum’s recent price surge, signaling continued confidence in its growth potential.
🟠ETH price surge fueled by easing risks and the 'Trump Trade' (pro-market election sentiment) 🟠Retail investors perceive ETH as undervalued, holding positions rather than taking profits 🟠Low inflows to exchange deposit addresses (e.g., Binance, OKX) indicate minimal liquidation activity 🟠SOPR (an on-chain metric used to measure the profitability of cryptocurrency transactions) close to 1 (<1.10) suggests transactions are near breakeven, not profit-taking 🟠Strong "buy and hold" sentiment aligns with expectations of further price increases, possibly reaching $4,000 if ETH sustains above $2,800 $ETH
Despite restrictions, U.S. users continue to access major crypto exchanges, leveraging various methods to bypass bans.
🟠Nearly 1m active U.S. users on Bybit, Bitget, and OKX 🟠Users employ VPNs and fake KYC documents to skirt restrictions 🟠Cost of forged KYC documents is under $50
✅Plan has been completed and reached 93k. Reputable!
At the same time, create BOS (continued uptrend) to continue to watch for Long when the price takes IDM, or wait for the OTE zone and see the signal reaction to continue Long to MJH 93k8.
▶️BTC has increased quite strongly here, so if there is an adjustment, it is very likely to happen, so you need to have a full SL and need to observe carefully when there is a bad case.
If there is any new development, I will update everyone!
Bitcoin has broken out of the ascending triangle pattern with significant volume and is currently retesting above the breakout level. The Ichimoku Cloud indicates bullish momentum, and a successful retest could signal the formation of a new peak for BTC. $BTC