🚀 Ether's ready to flex its muscles! Crypto analysts predict Ether's underperformance against Bitcoin might be ending, with ETH inching towards the $4,000 mark. Benjamin Cowen suggests the ETH/BTC collapse is nearly over, hinting at a bullish 6-12 months ahead. The ETH/BTC ratio, now at 0.03820, shows signs of revival. Ether's recent 5.5% gain has traders buzzing about a potential "God candle" to $5,000. With no serious competition in sight, Ethereum's poised to remind everyone why it's the top dog in decentralized applications. Buckle up, crypto enthusiasts!
🚀 Hold onto your hats, crypto enthusiasts! Ether's underperformance against Bitcoin might be on its last legs. Analysts are buzzing about ETH inching towards the magical $4,000 mark. Into The Cryptoverse's Benjamin Cowen suggests the ETH/BTC slump is nearly over, hinting at a bullish 6-12 months ahead.
- ETH/BTC ratio is climbing, up 9.14% in the past month.
- Ether's recent 5.5% gain brings it tantalizingly close to $3,900.
- Bitcoin's not left behind, crossing the $100,000 threshold.
Pseudonymous trader MisterSpread predicts a "God candle" if ETH breaks $4,000. Do you think ETH will surprise us all? Share your thoughts below! 💬
Ether's recent underperformance against Bitcoin might be ending, with analysts predicting a rise towards the $4,000 mark. Benjamin Cowen, founder of Into The Cryptoverse, suggests the ETH/BTC ratio could soon rebound, hinting at Ether's potential strength over the next 6-12 months. The ratio is currently at 0.03820, up 9.14% in the past month.
Ether recently gained 5.5%, trading at $3,846, while Bitcoin hit $101,345. Experts like Bitwise Invest CEO Hunter Horsley and trader MisterSpread foresee Ether surpassing $4,000, potentially sparking a surge to $5,000. Ethereum remains unrivaled in the blockchain space, according to Galaxy Digital's Alex Thorn.
Ethereum $ETH Technical Analysis
In the 4-hour chart, Ethereum's price movement demonstrates a Wyckoff accumulation pattern within the $2,000–$2,800 range, followed by a breakout and a strong rally past the critical $3,500 threshold. The breakout above the upper boundary of a bearish wedge pattern signals bullish momentum. Following this move, ETH completed a pullback to test key support levels.
If this correction holds and buying pressure resumes, Ethereum could continue its upward trend, potentially targeting the next resistance at $4,000. However, caution is advised, as a bearish divergence is evident between the RSI (Relative Strength Index) and price. This divergence often indicates weakening bullish momentum, suggesting a possible consolidation phase before the market establishes a definitive direction.
Additionally, Ethereum's resilience above the $3,300 support level is notable. This behavior aligns with significant liquidity clusters below this level, as indicated by Binance's liquidation heatmap. These clusters, likely comprising stop-loss orders and liquidation triggers for large traders (or whales), have been defended aggressively to avoid cascading liquidations.
Key Levels to Watch:
Support: $3,300 and $3,500
Resistance: $4,000
Indicators to Monitor: RSI divergence and bullish continuation patterns for confirmation of an extended rally.
Ethereum's ability to sustain above critical levels will determine whether it resumes its bullish momentum or enters a consolidation phase.
#ETHOnTheRise #cryptomanmab
Litecoin $LTC has seen a 20% price surge recently, reflecting shifting investor sentiment and the cryptocurrency’s resilience amidst broader market challenges. This upward momentum, particularly during a challenging market period, highlights Litecoin's unique position within the crypto space.
Several factors contribute to this rise in Litecoin’s value. Key partnerships and integrations have boosted its utility and adoption. For instance, Litecoin has been integrated into payment platforms like Aliant Payments, emphasizing its role as a medium for transactions. Additionally, its collaboration with Travala, a blockchain-based travel booking platform, and TokenPay, a provider of decentralized financial services, has strengthened its use cases.
The Litecoin Foundation is also actively involved in charitable initiatives, partnering with global organizations such as UNICEF and The Water Project. These collaborations showcase Litecoin’s commitment to real-world impact, fostering greater investor confidence and positioning it as a reliable investment choice in the crypto market. These developments underscore its growing adoption and the belief in its long-term potential.
Bitcoin price hits $100K for first time in history
The price of Bitcoin reached $100,000 for the first time in history, marking a milestone for the cryptocurrency market after a year of significant growth.
Bitcoin BTC $101,147 hit the $100,000 price mark on Dec. 5, breaking a psychological level just weeks after reaching the $90,000 milestone on Nov. 12, according to TradingView.
The year has seen more than $31 billion in net inflows from the spot Bitcoin exchange-traded funds in the United States, along with tightened supply from Bitcoin’s fourth halving in April.
Republican Donald Trump’s US presidential election victory, growing speculation of a strategic Bitcoin national reserve, and increased Bitcoin corporate adoption led by MicroStrategy’s Michael Saylor have also contributed to Bitcoin’s price rally.
It also comes as Trump recently nominated crypto advocate Paul Atkins to replace Gary Gensler as the Securities and Exchange Commission’s chair, which could remove several regulatory hurdles that have hamstrung the broader industry under the Biden administration.
Trump also picked hedge fund manager Scott Bessent and Cantor Fitzgerald CEO Howard Lutnik to head the Secretary of Treasury and Commerce departments, respectively, shaping up what could be the most pro-crypto cabinet to date.
Bitcoin is up 126% since January
Bitcoin has seen a 126% increase in value since Jan. 1, when it was trading at about $44,000.
In reaching $100,000, Bitcoin’s market capitalization has also reached a new high, hitting $2 trillion for the first time ever.
Bitcoin’s 2024 rally is not its most meteoric bull action ever. In 2017, Bitcoin saw its price skyrocket by 1,900% from $1,000 in January to $20,000 in December.
It then rose 1,250% from $5,100 when COVID-19 was declared a pandemic in March 2020 to $69,000 in November 2021.
#bitcoin100k #BITCOIN_ATH #cryptomarket #cryptocurency #CryptoNews
Bitcoin is currently at least $100. 🔥⚡👀
Bitcoin has reached a historic peak, surpassing the monumental $100,000 mark. This milestone highlights its extraordinary journey from being worth just pennies in the early 2010s to establishing itself as a cornerstone of the global financial system. This remarkable achievement showcases Bitcoin's impressive growth and signals ongoing innovation in the cryptocurrency sector. With its success driving progress in DeFi, NFTs, and blockchain technology, the world looks forward to the next transformative development.
#BTC100K! #CryptoZombieUprising #Share1BNBDaily #MicrosoftBTCInvestmentVote #ETHOnTheRise
Solana $SOL remains one of the top-performing cryptocurrencies in the market. Over the past month, its price has surged from $164 to $225, according to CoinMarketCap data, marking an impressive 40% increase in just a few weeks.
Technical indicators for Solana also point toward a sustained bullish trend. Currently, SOL is trading above its 30-day EMA of $222 and its 50-day EMA of $207, highlighting strong market momentum. Furthermore, its momentum indicator stands at -29, which falls in the "buy zone," signaling continued upward potential for this altcoin.
Crypto analyst Titan of Crypto has expressed an optimistic outlook for Solana. In a recent X post, he predicted that SOL could soon rally to $400, citing the cryptocurrency's highest monthly close ever as a significant milestone. This bullish Solana price prediction has generated excitement within the crypto community, with many anticipating further growth in the coming weeks.
#CryptoZombieUprising #Solana #BTC100K! #CryptoManMab
‼️‼️With the recent growth in $PEPE, it is a good time to issue a warning to our new community members about avoiding scams. ‼️‼️
$PEPE will have no airdrops, staking, giveaways, or anything that would require you to send funds or connect your wallet. There will NEVER be any token launches or partners to $PEPE, ever. Anything claiming this and requiring you to connect your wallet is a scam that may steal all of your assets. Always double-check usernames, links, and be extremely cautious and intentional when connecting and signing anything in your wallet.
Protect that precious $PEPE 🐸
According to Spot On Chain, Justin Sun's team address deposited 20,000 ETH (about $76.3 million) into HTX today. Since ETH began to rebound in early November, he has deposited 41,630 ETH (about $145.9 million) into CEX, of which 39,000 ETH (about $137 million) into HTX and 2,630 ETH (about $8.76 million) into Poloniex, with an average price of $3,505.
Shiba Inu $SHIB continues to solidify its position as a dominant player in the meme coin market, experiencing a remarkable surge of over 70% in the past 30 days, according to CoinMarketCap data. During this period, SHIB's price has fluctuated between $0.000016 and $0.000029, showcasing significant investor interest.
Market analyst Astekz has offered a bullish outlook for SHIB, suggesting that the coin might consolidate before making another upward move. In a recent post on X, he predicted that Shiba Inu could soon climb above $0.000045, reflecting its potential for further growth.
Additionally, TradingView data supports this positive sentiment. The SHIB price currently trades above its 10-day EMA of $0.000027, indicating ongoing bullish momentum. Moreover, the MACD level for Shiba Inu stands at 0.0000019, a value within the "buy zone," signaling a potential entry point for interested investors. These technical indicators suggest a favorable outlook for SHIB, reinforcing its position as a top meme coin.
#BTC100K! #shiba⚡ #CryptoManMab
🚀 Bitcoin Breaks $100K! 🚀
- Bitcoin (BTC) has hit a historic $100,000, leaving crypto enthusiasts doing the happy dance. This milestone comes after a year of bullish vibes, with BTC up 126% since January.
- Contributing factors? A sprinkle of political drama with Donald Trump back in the White House, a dash of corporate adoption led by MicroStrategy's Michael Saylor, and a pinch of regulatory optimism with crypto advocate Paul Atkins potentially taking the SEC helm.
- With a market cap now at $2 trillion, Bitcoin's 2024 rally is making waves, but remember, it's not its wildest ride yet! 🌊
🚀 Bitcoin has blasted through the $100,000 mark, leaving crypto enthusiasts buzzing like bees in a honey pot! Just weeks after hitting $90,000, BTC’s price surge is fueled by a cocktail of factors: a $31 billion inflow from Bitcoin ETFs, a supply squeeze from April’s halving, and a sprinkle of political spice with Donald Trump’s pro-crypto cabinet picks.
- Bitcoin's market cap now stands tall at $2 trillion.
- Up 126% since January, BTC is on a roll, though not quite matching its 2017 rocket ride.
What do you think? Is this just the beginning, or are we in for a wild ride? Share your thoughts below! 💬
Bitcoin has smashed through the $100,000 barrier for the first time, marking a historic moment for the cryptocurrency market. This surge follows a year of impressive growth, with Bitcoin up 126% since January, when it was valued at $44,000. The market cap has now hit $2 trillion. Key factors driving this rally include substantial inflows from Bitcoin ETFs, supply constraints from the recent halving, and increased corporate adoption. Political shifts, such as Donald Trump's election victory and his pro-crypto cabinet picks, are also fueling optimism for the crypto space.