Over the next three hours, if the market holds between $3,580 and $3,585, we could see a reversal leading to a drop-down to $3,540. To recover, Ethereum needs to establish a 45-minute resistance at $3,590, which could drive the price back up to $3,630-$3,645.
#M_Idrees #altcoins #bitcoin #EthereumPower #BinanceTournament

On the 7th of 2024, with just three days remaining until the verdict on Ethereum's ETF approval, a sense of anticipation fills the air. The process echoes the earlier scenario with Bitcoin's ETF approval, where the timeline kept shifting. The U.S. Securities and Exchange Commission (SEC) has opted to delay its decision on Invesco Galaxy's spot Ether ETF application, extending the deadline to July 5. This delay mirrors the pattern seen with all eight prospective Ether ETF issuers, including notable names like BlackRock, Fidelity, Franklin Templeton, Hashdex, and Ark 21Shares. The decision for one company hints at a similar outcome for the others, aligning with analyst expectations.
#eth‬ #EthereumPower #M_Idrees #CryptoWatchMay2024 #ETHETFS

The current level of $2972 is already indicating weakness in the market. If we remain at this level for the next 3 hours until the second trading session, we could potentially see a decrease in price of up to $80.
Now, let's discuss recovery. Initially, we need to reach the $3045 level to inject some life back into the market. However, it's important to note that altcoins may not experience significant pumping at this stage. To see improvement, we'll need to push past the resistance level of $3075. This could particularly benefit altcoins related to Ethereum.
#M_Idrees #altcoins #EthereumPower #buythedip #CryptoWatchMay2024

If BTC retraces back to $60,300 or $60,500, it's likely to break the $60,000 support level, initiating another downward trend for the market. The new support level that could form in this scenario would be around $59,100.
In terms of recovery, BTC must reclaim the $62,450 level. A pump of $1000, coupled with resistance over two hours, could help lift the market out of this challenging situation.
#M_Idrees #BTC #BullorBear" #Megadrop #bitcoin

If BTC breaks below $66,190 and fails to recover within 2 hours, its next support level will be $65,000. For a meaningful recovery, BTC needs to reach a resistance level of $67,600.
#M_Idrees #BinanceLaunchpool #BTC #bitcoin #altcoins

We've experienced a significant drop, with $62,400 being an excessively low level. Given this scenario, altcoins are unlikely to fare well. Our priority now is to establish our old support of $62,800 as our resistance.
This resistance is crucial, as its breach would signify a positive shift. Regarding altcoin recovery, we should aim for $63,550. Once this level is reached, BTC will stabilize temporarily, and altcoins will likely begin to improve.
#M_Idrees #CryptoWatchMay2024 #BTC #altcoins #MicroStrategy

Ethereum is currently testing the $3000 support level, with a critical focus on $3045. To gain momentum, Ethereum needs to surpass the $3090 resistance level. If this resistance holds, Ethereum could potentially rise back to $3150 within the next few hours. Therefore, closely monitoring the $3090 resistance is crucial for Ethereum's movement.
#Megadrop #M_Idrees #BullorBear #EthereumPower #BTC

Ethereum currently finds itself in a weaker zone, and if it remains around $2906 in the upcoming trading session, we might witness a decline to the range of $2850-$2870.
A safer position for Ethereum would be within the range of $2935-$2945. If Ethereum manages to sustain this level with a 2-hour resistance period, it could experience temporary stability.
#M_Idrees #BinanceLaunchpool #EthereumPower #altcoins #EthereumDown

Today's candle is a full-day bullish Maru Boju, indicating an open shadow due to the morning market dip. The question arises: from where will this momentum start? The safe zone for BTC is around $64,500, but this won't necessarily trigger altcoin pumps. Altcoin pumping is anticipated to commence after surpassing $65,200, with resistance needed to hold until $64,800. Without resistance at this level, the market may stagnate without significant movement.
#altcoins #CryptoWatchMay2024 #BTC #M_Idrees #buythedip

A 30-minute resistance at $3130 could elevate Ethereum to $3170. Maintaining the $3100 level is essential; if it breaks, the market might fall to $3085-$3090, potentially dropping by $25-$30
#M_Idrees #BinanceLaunchpool #altcoins #EthereumPower #EthereumDown

Today's candle is bullish, and yesterday's last candle was also bullish, indicating an upward momentum. Looking ahead, if Ethereum breaks the $3300 mark and fails to recover within 30 minutes, we might see a low of $3255. To prevent this, ETH would need to sustain resistance around $3345 for approximately 45 minutes, potentially pushing it up to $3375.
#Megadrop #EthereumPower #BullorBear #M_Idrees #BTC

Today marks the third day, and we're witnessing Ethereum's break unfolding before us. Behind the scenes, a support level is forming just inches away from a significant bearish candle, a concerning sight. The next four hours will hold immense importance for the market.
The current breach of the $3000 support level, if not recovered within 45 minutes, could potentially drive the market down to $2910. However, the safe zone remains distant at $3065, with the first resistance needed at $3030. Yet, achieving this resistance seems challenging as the market is currently experiencing a breakdown.
#altcoins #BlackRock #CryptoWatchMay2024 #M_Idrees #EthereumPower

The market is exhibiting stagnant behavior with bearish signals on the full-day candle chart. BTC is in a vulnerable position at $66,900. To trigger an upward trend, a 45-minute resistance at $67,690 is essential, potentially driving the market up to $68,000.
#M_Idrees #CMEBitcoinSpotTrading #BinanceLaunchpool #altcoins #BTC

The $61,900 level serves as a crucial support for BTC. If it breaks following the CPI report and fails to recover within 15 minutes, it could potentially reach a low of $60,200. Therefore, it's essential to focus on the $61,900 level.
Regarding recovery, the market tends to be uncertain following the report. Real momentum may not materialize until we reach $62,850. Achieving a 45-minute resistance period at this level would signal a strong momentum in the market.
#M_Idrees #altcoins #BinanceLaunchpool #cpi #buythedip

Today's full-day candle for Ethereum appears bearish, indicating potential strength in the downtrend. A dip of $35-$40 could be anticipated.
However, Ethereum's stronger level lies at $3035-$3045. With a 30-minute resistance at this level, Ethereum has the potential to reach $3090.
#M_Idrees #BinanceLaunchpool #altcoins #EthereumPower #EthereumDown

The $2970 level holds strong significance for Ethereum at the moment. If Ethereum manages to establish a 45-minute resistance period within the range of $2970 to $2985, we could potentially see Ethereum reaching highs of $3030 to $3045. However, it's essential to note that the breaking zone lies at $2948. If Ethereum breaches this level, the market could experience another downward movement, potentially falling back into the $2930 to $2920 range.
#M_Idrees #BinanceLaunchpool #EthereumPower #altcoins #EthereumDown

If the $65,000 level is being manipulated, the $63,800 level will become significant. Keep this in mind, as there is a 30% chance of this occurring in today's market. The market has given us a maximum resistance of $66,300, but $65,000 remains a strong support level.
The key resistance level to watch is $66,850. If BTC can sustain a 30-minute resistance at this level, we could see a high of $67,500, with a 48% chance of this happening.
#M_Idrees #CMEBitcoinSpotTrading #BinanceLaunchpool #BTC #altcoins

Republic First Bank closed by US regulators, Crypto community reacts, 😱 What has been the reaction of the community is that the 32 branches of Republicans across the United States are going to open, it's expected to end within the next three days,  there's a promise that these banks will be officially allowed to work with cryptocurrencies. This marks a significant development in the US banking sector, a first of its kind.
#BTC #bitcoin #M_Idrees #BullorBear

To drive BTC higher from this point, we need a 45-minute resistance at $68,590, which could push the price up to $69,000. However, the market's critical breaking point is $67,690.
#M_Idrees #BTC☀️ #altcoins #BinanceLaunchpool #buythedip

At $3870 Ethereum is forming a solid resistance. This level should hold strong for the next three sessions. If Ethereum maintains this position, we could see an increase of $25 to $30, potentially reaching $3910. However, if the price drops to $3855-$3850, the next breaking point will be $3800. After stabilizing at $3800, a recovery of $20 to $25 is likely.
#M_Idrees #EthereumPower #Altcoins" #BinanceLaunchpool #EthereumDown