While BTC is trying to hold on to $43,300 under current market conditions, I think Arbitrum will rise to $5 levels in the possible rise scenario, especially in the second quarter of 2024 and the rest of the year. Currently, the price of ARB is $1.84 and it looks like it will close the day in plus, increasing by 2.65% as of January 29, 2024. Although Arbitrum is positive according to technical indicators, the Fear and Greed Index is evaluated at 49 points (Neutral). Over the last 30 days, 50% of Arbitrum was in the green while volatility was recorded at 13.75%. My opinion is positive and I expect major developments in the Arbitrum ecosystem in the near future. This will reflect positively on the price. #TradeNTell
Ethereum (ETH) seems to have broken the rising trend support on the daily chart, and in this case, my bearish expectation continues to increase. Especially ETH losing power against BTC will cause us to enter a challenging period in terms of altcoins. Weekly candle closes will take place today. If a close above $2300 does not come for ETH, the decline may accelerate. My opinion is that the fall will come from these levels and while BTC and its dominance increase, ETH and altcoins, namely the Total-2 chart, are expected to pull back. If there is no big surprise this week, we could wake up bright red on Monday. $ETH #TradeNTell
When we examine ALT, the 45th Launchpool project of Binance, Launchpool was realized with more than 15 million BNB and more than 2 billion dollars worth of FDUSD. 141,413 users participated in the BNB pool, while 88,439 users participated in the FDUSD pool. While the interest in Launchpool projects is increasing day by day, the Binance Listing team continues to offer projects that many investors are eager to buy for the first time to Binance users. For this reason, I can say that we are still at the beginning of the road for ALT. My short-term expectation for ALT is that it can see above $1, which means it can increase 3x from here. Among the various reasons for this, I can say that the market size has not yet met expectations and the interest of users in newly launched Launchpool projects. #TradeNTell