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.
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If BTC fails to provide resistance at $63,690, it may experience another decline. Today, $63,690 is a crucial and safe zone for BTC. Upon completing a 45-minute resistance period at this level, altcoins are expected to recover their losses.
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The market has remained at a consistent level for the past 57 hours, and historically, a prolonged period at the same level often precedes a market break. Currently, our focus is on the $60,390 level, and it's advisable to wait as downside momentum is increasing, with investors withdrawing from the market.
Behind the scenes, there's been support for the past 4 hours, and if the market hits the $61,600 level, it would signify a significant development. If it reaches the $61,600-61,700 range and BTC forms a bullish 15-15-15minute(three candles), the market may experience temporary bullishness. However, if such a candle fails to materialize, the market is likely to return to its previous level.
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Ethereum has been stagnant for the past three days. To break out of this stagnation, we require resistance at $2945 for 45 minutes to potentially reach $2970. However, if we remain at $2934, the likelihood of a downward movement increases. Achieving the $3000 level for Ethereum seems challenging under current conditions.
#M_Idrees #BinanceLaunchpool #EthereumPower #EthereumDown #BullorBear"

Behind the scenes, there's significant buying activity at the $2900 level for Ethereum, indicating a strong belief in this price point. If we sustain this level over the next four hours, we might observe a downward movement in Ethereum's price, potentially dropping by $25-$50.
Regarding a potential pump, it's unlikely to occur before reaching $2935. Once we achieve resistance for 45 minutes at this level, we could see Ethereum's price rise to as high as $2970.
#M_Idrees #BinanceLaunchpool #EthereumPower #ethurum #BullorBear"

The market currently resides in a weaker zone, with a lack of evident buying pressure. However, this doesn't imply that buying pressure won't emerge. A notable BTC support level is observed at $60,850, indicating global interest in purchasing. Buying activity is also noted around $60,000 and $60,200.
If we maintain the level around $60,840 over the next 4 hours, we could potentially witness a pump to around $61,670. While this may not be a significant move, it's a positive indicator. Conversely, the weaker zone is identified at $60,390, where altcoins may experience further declines.
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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.
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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.
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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.
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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.
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For BNB, encountering resistance at $593.50 over a two-hour period could potentially lead to a $5 increase in BNB's value. However, if the support level of $590 is breached, we may witness a decline of up to $6 in BNB's value.
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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

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.
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I mentioned before 8 hours Well, it happened just as anticipated

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.
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The full-day candle chart of BTC indicates a significant downward trend, suggesting an imminent market drop. Currently hovering near $62,000, the market is in a precarious position, with $61,800 being its last support level in the event of a second trading session. Failure to recover by then could lead to a substantial decline to as low as $59,000. In terms of recovery, re-entering the market around $63,000 is advisable, with $63,450 serving as a safe zone.
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Which of the following prices will Bitcoin (BTC) reach now?

Hey guys, remember when I mentioned that if Ethereum broke the $3300 mark and didn't recover within 30 minutes, we might see a low of $3255? Well, it happened just as anticipated.
A Big Bearish Marubozu candle has formed, and it's still ongoing.
Looking at the four-hour and twelve-hour charts for Ethereum, there's a noticeable break. So, what can we expect in the next 12 hours? We might encounter resistance for 45 minutes between $3185 to $3195, potentially pushing the price up to $3235 again.
However, if we drop from $3160 to $3150 and fail to recover within 45 minutes, the market could dip to a low of $3110 to $3120.
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Twelve hours ago, we were at $63,750, but the market saw a low of around $61,923. While the price of BTC dropped, dominance strengthened, leading to losses for altcoins. Looking at the full-day candle chart, we observe a Big Bearish MaruBozu formation, indicating a significant downturn potential.
However, within the last 12 hours, a bullish engulfing candle has formed, suggesting a possible reversal. Despite this, we're currently in a weak zone from the BTC level of $61,750. If the market reverses within the next four hours and fails to recover within 45 minutes, we might see a low of $60,500 to $60,800 today.
Now, let's discuss recovery prospects. Bitcoin's condition appears weak, so we'll need to see it reach $62,850 within 45 minutes. Resistance may temporarily strengthen, but it could be surpassed by $63,450. These two levels are crucial for BTC, and experience is key to effectively utilizing them. With experience, success in earning from these movements becomes more achievable.
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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.
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