ETHEREUM ETF and Its Impact on the Cryptocurrency Market
Ethereum ETFs are financial instruments that allow investors to buy and sell shares on conventional stock exchanges, following the price of Ether, the second most important cryptocurrency 👇
Ethereum
Ethereum ETFs were approved by the SEC on May 23, 2024. This approval will allow institutional investors to access Ethereum through a regulated investment vehicle, eliminating the challenge of holding custody of their own assets, undoubtedly an easier way to participate in the cryptocurrency market 🧐
Step 1➡️ Enter BINANCE APP, go to wallets at the bottom right and then enter WEB3 at the top.
Step 2➡️ We press RECEIVE and we have to enter 0.005 BNB through the "OPBNB" network and 0.015 BNB through the "BEP20" network. If we already have BNB in the Binance spot account, it takes us 20 seconds to do so.
Step 3➡️ Press JOIN on the STARRYNIFT Airdrop sign.
Step 4➡️ Connect the wallet and enter the code "jVVmJDKqNT" and confirm.
Step 1➡️ Enter the Binance app, go to wallets at the bottom right and then enter web3 at the top.
Step 2➡️ We press Transfer and we have to enter some BNB through the "OPBNB" network. If we already have BNB in the Binance spot account, it takes us 20 seconds to do so. (It is marked in the photos as 3 and 4) (With $2 of BNB it is enough)
Step 3➡️ Press “participate” on the REVOX airdrop banner
🚨#ETHETFS may be the catapult that takes $ETH to a new high in this bull season 🔥
In the image we can see how a bearish pattern was forming at $ETH 👀
But this bearish pattern is running out of steam as we can see, since in the end it stops its fall and begins to violate the top of the triangle 👈
This pattern is an indicator of continuation of a previous trend, and as we can see in the image, the movement prior to the triangle was a strong rise 😍
Now, with liquidity accumulated throughout this moment, we can expect another bullish movement, and if everything goes well, we can go looking for a new maximum this season near 4k for $ETH
You can trade it from the chart below, but always remember to trade responsibly and using stop losses to avoid unnecessary losses.
$SUI It is climbing rapidly in price, it seems that it found bottom at 0.88 and now it is flying fast up to 1.13 🚨
Let's remember that $SUI had a value of 2.28 a short time ago and seems determined to recover it 👀
If this happens, it means an increase in the current price of +100%🔥
Where with 5X leverage we can earn up to +500%💵 in a matter of a couple of weeks.
With a stop loss of 10% we have a very profitable trade, 50% loss or 500% profit, opportunities like these are the ones that I take advantage of occasionally with a little of my capital since we have a ratio of 10:1 👈
Always remember to operate with capital intended for trading and use stop loss to avoid unnecessary losses, you can operate $SUI from the graph below💵👇
We caught the entire price increase of $BTC as we analyzed in the previous posts💵👍
We managed to capture a rise of +3.89% in the last 24 hours, which made us obtain good profits👀
There is still some distance left, but we are already beginning to be close to the ceiling that we previously marked of 69.3k for $BTC
It is not a ceiling where the price will stop, but if you want to break it, it will have to be with an increase in volume and an aggressive movement.
We don't know how long it will take to achieve that 👈
We may be at the door of a lateral channel to accumulate liquidity, which can last 1 or 2 days, a good opportunity for those who operate parallel channels.
You can trade $BTC from the chart below and take advantage of these movements, always remember to use stop loss for your safety, analyzes are never 100% safe 🚨
As we indicated yesterday $BTC began its bullish journey again, we were able to take advantage of the rise from 66.2k to the current 67k 👍
$BTC now an important process of volatility and indecision may begin to seek to break the previous ceiling or reject it to seek liquidity at a lower price 👀
Steps to follow...
We can trade $BTC from the chart below, waiting for confirmation of the price direction, if bullish, we can expect a ceiling near 69.4k and if bearish, a drop to 66.0k.
The movement will be accompanied by an increase in volume.
Always remember to operate with stop loss, in this case a little wide of approximately 10% of the position 👈
What should be blocked in the SAGA launchpool? BNB or FDUSD? that's the question👀
If we take into account the rewards that each launchpool pool has👇 FDUSD👉 2,250,000 SAGA BNB 👉 9,000,000 SAGA
and also your TVL (locked capital)👇 FDUSD👉2.5B (fdusd) BNB👉 17.7M (bnb)
We can deduce that with $1,000 of investment we achieve this in each pool👇
FDUSD👉0.885 SAGA per day BNB👉0.876 SAGA per day
The difference is minuscule in this case and it does not matter so much in the returns if you put one or the other. You just have to take into account the Impermanent loss where in FDUSD it is lower since it is a stable currency.
I HOPE IT HAS BEEN USEFUL AND YOU CAN ALWAYS SHOW YOUR SUPPORT BY FOLLOWING ME OR USING THE SHARE BUTTONS.
Bitcoin had a significant recovery of +11% today despite the large amounts of net negative flow in ETFs 👀🔥
It seems that the Fed's decision to keep interest rates stable went down well in the crypto market.
As the Halving date approaches we can see how BTC still remains at a high price, but many investors do not rule out a new high before the event while others talk about a price closer to $40K to seek liquidity🚨
We all hear that Bitcoin ETFs have been approved and that this is a very good thing for the crypto market, but Why is it like this?👀
An ETF is a fund that is traded on a stock exchange. They function as investment funds that allow everyone to access a commodity that provides investors with the same benefits as the main markets.
ETFs are one of the most popular tools among stock market users due to the ease of investing in sectors without the fund manager having to charge you.
The main objective of a Bitcoin ETF is to facilitate the investment process and accessibility of cryptocurrencies and make it more attractive to the community.
For this reason, it is easier for fresh funds to enter the crypto market, since access to it not only becomes greater in quantity but is also easier✅