📈 Prediction (ETH and KAS):

🤔 #ETH/USDT - Despite a recent dip, Ethereum's price attempted to recover above $3,500 but failed. On-chain data shows that currently over 96% of the token's supply is in profit, confirming the thesis of a market top. A market top refers to the highest point reached by an asset's price before the beginning of a downward trend, signifying peak investor optimism and often preceding a market correction or downturn. This is confirmed when over 95% of the asset's supply is in profit. Thus, the likelihood of #ETH continuing its decline is significant. Forecast: Ethereum's price is currently around $3,300. It has already lost support from the 50- and 100-day exponential moving averages (EMA) and is below the $3,336 support line. This makes ETH vulnerable to testing the next critical price point at $3,031. A drop to this level seems quite probable, and if the aforementioned conditions persist, ETH could fall below $3,000. However, if Ethereum bounces back from the $3,031 mark, it could potentially initiate a recovery or slow down its decline. This would give the price a chance to reclaim the $3,336 level and refute the bearish scenario.

😁 #KAS/USDT - Forecast: At the time of writing, Kaspa is trading around $0.127, unable to break resistance at $0.145. It is likely that the decline will stop after reaching $0.117. If the bearish sentiment persists even after this, the token may test the next important support level at $0.103, implying a 17% decline for KAS. The Ichimoku Cloud also supports this outcome. Considering that price candles are currently below the cloud, the coin is likely to adhere to a bearish bias. On the other hand, if Kaspa rebounds from the $0.117 support level, it may make another attempt to break above $0.145. This would also allow the price to recover above the 50- and 100-day exponential moving averages, likely nullifying the bearish scenario.

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