WHY is #ether [ETH] price up today? 🚀🚀🚀🚀🚀🚀 #Write2Ea | Henrybackup on Binance Square

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WHY is #ether [ETH] price up today?
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Ethereum To Plunge To $2,500 This Month? What’s Next For ETH And ENA? With only 395 Blocks remaining for the next Bitcoin Halving, the cryptocurrency industry continues to display a significant correction in valuation. Top tokens continue to hover close to their important levels, indicating increasing selling pressure in the crypto space. The Ethereum blockchain continues to bleed with the leader of altcoins, ETH price, losing over 15% in its portfolio during this time. Moreover, the blockchain’s latest token, the Ethena (ENA) price has displayed a similar trend by following in the footsteps of its leader. Ethereum (ETH): After displaying a correction of 12.65% and witnessing a bearish price sentiment for over a week, the ETH coin price has recorded an uptrend of approximately 3% within the past day, indicating a decline in the selling pressure within the cryptocurrency space. The Ethereum token has recently formed a symmetric triangle pattern and is trading within it. Moreover, the ETH coin is hovering close to its resistance level of $3,149 and its support trend line of the triangle, highlighting uncertainty in the future price action for the altcoin leader. The EMA 50-day shows a bearish convergence in the 1D time frame. On the other hand, the technical indicator, MACD, shows a constant red histogram with its averages showing a constant decline in the chart. If the bulls regain momentum, the price will break out of its resistance trend line and attempt to test its upper level of $3,697. Conversely, a bearish sentiment could result in the price falling to test its low of $2,800 in the coming time. 👇👇 FOLLOW #Henrybackup #write2earn🌐💹 $BTC $ETH $BNB

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Polygon aims to bridge Solana with Ethereum as analysts eye new AI altcoin. Polygon launches X Layer to bridge Solana with Ethereum, while InQubeta’s AI-driven crypto platform gains analyst support ahead of its final presale phase. The developers of the Ethereum (ETH) scaling solution, Polygon (MATIC) Labs, released a new plan in 2023 to function as the value core of the decentralized internet. They aim to achieve this by facilitating the creation of a network of linked blockchains that share Ethereum’s security and liquidity, like Solana (SOL). Meanwhile, InQubeta (QUBE), an emerging AI (artificial intelligence) altcoin, has garnered attention from analysts as they see high potential in the project. As the official listing on mainstream exchanges approaches, top analysts are backing InQubeta. Other investors are eager to see the coin perform at its peak when it debuts on the open market. The InQubeta project offers a unique cryptocurrency and AI crowdfunding platform by leveraging trending NFTs (non-fungible tokens). With its distinctive offering and price increase, the project’s last presale round is ending and has raised over $13.6 million. As the InQubeta presale conclusion, investors are lining up to back one of the leading altcoins on the blockchain. Stage nine presale is the final one, and allows participants to purchase QUBE tokens at a discount. Analysts expect a 5,000% increase in value when it launches. Over $13.6 million was made from selling almost 1 billion QUBE tokens, demonstrating the magnitude of the InQubeta rally that will occur once it is listed on exchanges. Regarding InQubeta’s future, analysts are optimistic and predict a potential surge once it launches on the markets. Given its connections to the AI sector and its current price of $0.028 per token, the QUBE token is accessible to investors searching for promising altcoins to add to their portfolio. 👇👇 FOLLOW #Henrybackup $BTC $ETH $SOL

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Dogecoin (DOGE) and Shiba Inu (SHIB) to Pump But Recapturing 2021 Bull Run Gains Remains Unlikely, Here’s the New Coin Analysts Are Betting on in 2024. Buckle up for a wild ride as the cryptocurrency market gears up for a potential pump! While Dogecoin (DOGE) and Shiba Inu (SHIB) are primed for a surge, a newcomer is stealing the spotlight. Analysts are betting big on this innovative project, and for good reason. Dogecoin (DOGE) Primed for a Pump The meme-inspired cryptocurrency Dogecoin (DOGE) has been a favorite among retail investors and influencers. With a dedicated community rallying behind it, DOGE has repeatedly defied expectations. However, recapturing the bull run gains of 2021 remains a daunting task. Despite its popularity, DOGE’s lack of real-world utility and reliance on hype have raised concerns about its long-term sustainability. Shiba Inu (SHIB) Riding the Meme Wave Shiba Inu (SHIB), another meme-inspired token, has also been a hot topic in the crypto world. Its vibrant community and ambitious ecosystem plans have fueled its rise, but like DOGE, SHIB’s value is heavily tied to speculative trading. As investors seek more substantial projects, SHIB faces challenges in maintaining its momentum and reclaiming the heights of the 2021 bull run. Retik Finance (RETIK): The New Coin Analysts Are Betting On. Retik Finance (RETIK) is emerging as a force to be reckoned with in the world of cryptocurrencies. This cutting-edge decentralized finance (DeFi) project is revolutionizing global transactions with its innovative suite of financial solutions. What sets Retik Finance (RETIK) apart? DeFi Debit Cards: A Game-Changer Retik Finance (RETIK) has introduced futuristic DeFi debit cards, revolutionizing the way we transact. These virtual debit cards offer users a seamless experience, allowing them to spend their cryptocurrencies effortlessly while earning attractive incentives in RETIK tokens for every transaction. 👇👇 FOLLOW #Henrybackup #write2earn🌐💹 #Write2Earrn $BTC $DOGE $USDC

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Crypto market ‘underestimates the long-term impact’ of Bitcoin halving: Bitwise. The Bitcoin BTC tickers down $63,603 halving is days away now, scheduled for April 20, but price action in the month that follows the highly anticipated event has been historically disappointing, said Bitwise Asset Management. In an April 16 X post, Bitwise noted past price action in the month after the Bitcoin halving for the past three halvings saw its price drop — but in the year that followed, its price saw a minimum of triple-digit percentage point gains. In the month after the 2012 halving, Bitcoin gained 9% — but over the next year, it surged 8,839%. A similar pattern played out in the 2016 halving: Bitcoin fell 10% the month after and gained 285% to peak at $20,000 in 2017. Again, in 2020, it saw a 6% price gain in the month post-halving, then a 548% pump in the year following. “The data is limited but the picture reveals an intriguing pattern,” Bitwise wrote. “The market prices in the short-term impact of the halving but underestimates the long-term impact.” The current market cycle is the first time that Bitcoin has hit an all-time high before its halving. The cryptocurrency hit its current $73,679 peak on March 13, its since corrected 16% to a low of $61,500. 👇👇👇 FOLLOW #Henrybackup #write2earn🌐💹 $BTC $ETH $BNB

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Bitcoin drops as dollar eyes ‘best 5-day run’ in 14 months on expected rate cut hold. The United States dollar is eying its “best 5-day run” since February 2023, while Bitcoin BTC tickers down $63,559 has dropped over that time as interest rates are expected to remain high and the cryptocurrency sees volatility leading up to its April 20 halving. The dollar’s strengthening is likely driven by expectations of sustained higher interest rates, according to trading resource The Kobeissi Letter. “Less than a month ago, markets were anticipating the Fed to start cutting in June. Higher for longer is now the base case,” The Kobeissi Letter wrote in an April 17 X post. Higher interest rates typically encourage foreign investors to take advantage of greater returns on bonds and term deposits, increasing the demand for the dollar. The Bloomberg Dollar Spot Index (BBDXY) — which tracks the performance of a basket of 10 leading global currencies versus the U.S. dollar — has climbed by approximately 2% over the last 5 trading days, its largest increase in 14 months. 👇👇 FOLLOW #Henrybackup #write2earn🌐💹 $BTC $ETH $BNB

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