Ethereum2024
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$ETH Price Action Analysis
Ethereum price action analysis reveals that the price has been caged in a narrow zone for the last few hours. Now this price zone has taken the form of a Triangle pattern as shown in the figure below.
As time passes, the price movement will be further congested until the price breaks this triangle.
Breach of either line of the triangle at heavy trade volume will mark the breakout of this triangle. After breakout, #ETH price will offer a definite move in the direction of the breakout. The extent of price movement will be equal to the maximum distance between 2 lines of the triangle.
Keep watching the unfolding of price action and take trade entry after the breakout of the triangle.
#daytrading #Ethereum2024
Ethereum price action analysis reveals that the price has been caged in a narrow zone for the last few hours. Now this price zone has taken the form of a Triangle pattern as shown in the figure below.
As time passes, the price movement will be further congested until the price breaks this triangle.
Breach of either line of the triangle at heavy trade volume will mark the breakout of this triangle. After breakout, #ETH price will offer a definite move in the direction of the breakout. The extent of price movement will be equal to the maximum distance between 2 lines of the triangle.
Keep watching the unfolding of price action and take trade entry after the breakout of the triangle.
#daytrading #Ethereum2024
"Hello everyone, I'm from Afghanistan and I'm delighted to join you all! I'm eager to connect with each of you and learn from your experiences and insights about trading. If there are any friends who can guide me or share useful tips in the trading realm, I'd be grateful to utilize that information. Thank you all!" #BTC #BinanceWish #Ethereum2024 #Solana-SOL $SOL
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The release of an Ethereum ETF will deal a major blow to Bitcoin's dominance
The analyst, who goes by the pseudonym Hedgex.eth, believes that the release of an Ethereum ETF will deal a major blow to Bitcoin's dominance.
Bitcoin] will reach new highs during this cycle, but many will be disappointed by the peak at $100,000. Ethereum has great upside potential thanks to catalysts including ETFs. Bitcoin's dominance will suffer greatly. The level of capitalization of all cryptocurrencies will increase significantly, wrote Hedgex.eth.
Last year, Bitcoin's share of the digital asset market increased from 41.3% to 53.5%. When the coin fell in price by 1% from January 1, 2024, Bitcoin's dominance decreased by only 1%. However, Hedgex.eth predicts a significant drop in this indicator after the launch of Ethereum-ETF trading.
The expert predicts an increase in the Bitcoin rate; accordingly, it becomes obvious that ETH will win back positions from the first cryptocurrency due to a higher rate of price increase. This trend has already emerged, because from January 10 to January 12, Ethereum rose in price by 25% relative to Bitcoin and maintained its position.
#BitcoinWorld #Ethereum2024 #btc- #ETH2024 #ETH/USDT
$BTC $ETH
The analyst, who goes by the pseudonym Hedgex.eth, believes that the release of an Ethereum ETF will deal a major blow to Bitcoin's dominance.
Bitcoin] will reach new highs during this cycle, but many will be disappointed by the peak at $100,000. Ethereum has great upside potential thanks to catalysts including ETFs. Bitcoin's dominance will suffer greatly. The level of capitalization of all cryptocurrencies will increase significantly, wrote Hedgex.eth.
Last year, Bitcoin's share of the digital asset market increased from 41.3% to 53.5%. When the coin fell in price by 1% from January 1, 2024, Bitcoin's dominance decreased by only 1%. However, Hedgex.eth predicts a significant drop in this indicator after the launch of Ethereum-ETF trading.
The expert predicts an increase in the Bitcoin rate; accordingly, it becomes obvious that ETH will win back positions from the first cryptocurrency due to a higher rate of price increase. This trend has already emerged, because from January 10 to January 12, Ethereum rose in price by 25% relative to Bitcoin and maintained its position.
#BitcoinWorld #Ethereum2024 #btc- #ETH2024 #ETH/USDT
$BTC $ETH
LIVEDEFIDRAFT
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đ Ethereum Rival To Reach $13 in 2024, Currently Only at $0.07đđč
In the ever-evolving crypto landscape, Retik Finance emerges as a formidable contender, poised to challenge Ethereum's dominance. Priced modestly at $0.07, industry experts foresee an impressive surge to $13 by 2024. đ Let's unravel the driving forces behind Retik Finance's potential rise and explore its groundbreaking features.
1. Retik Financeâs Genesis: Bridging Crypto and Fiat
Retik Finance pioneers bridging the gap between crypto and fiat currencies. Leveraging open-source protocols and rapid product development, it aims to empower participants in both ecosystems. The project began by harnessing decentralized smart contracts and blockchain consensus mechanisms, with a seasoned team boasting expertise in wallet payments, cross-border acquisitions, and traditional payment programs.
2. Decoding Retik Financeâs Capabilities: A Comprehensive Suite
đ Global Payment Solutions: Swift, secure, convenient, flexible, and scalable, Retik Finance offers a robust decentralized payment network.⥠Lightning Network Technology: Real-time transactions powered by lightning network technology, ensuring efficiency in various transaction scenarios.
đ ïž SDKs, Plugins, APIs: Access to essential tools for seamless online/offline "buy now" processing, aligning with smartphone POS apps for an enhanced user experience.đ Operational Efficiency: Decentralized network protocols optimize operational efficiency with features like dispute arbitration, custody, credit scoring, and anti-fraud measures.
3. Market Dynamics: Unleashing the Potential
The crypto and DeFi sectors present a vast Total Accessible Market (TAM), with the global crypto market capitalization at $1.4 trillion. Retik Finance actively engages with the DeFi sector, boasting an average daily volume of $25 billion.
đ Stay tuned for more crypto insights and updates. Follow The Defidraft!
#Ethereum2024 #EthereumSurge #EthereumPredictions #cryptocurrency #crypto2024
In the ever-evolving crypto landscape, Retik Finance emerges as a formidable contender, poised to challenge Ethereum's dominance. Priced modestly at $0.07, industry experts foresee an impressive surge to $13 by 2024. đ Let's unravel the driving forces behind Retik Finance's potential rise and explore its groundbreaking features.
1. Retik Financeâs Genesis: Bridging Crypto and Fiat
Retik Finance pioneers bridging the gap between crypto and fiat currencies. Leveraging open-source protocols and rapid product development, it aims to empower participants in both ecosystems. The project began by harnessing decentralized smart contracts and blockchain consensus mechanisms, with a seasoned team boasting expertise in wallet payments, cross-border acquisitions, and traditional payment programs.
2. Decoding Retik Financeâs Capabilities: A Comprehensive Suite
đ Global Payment Solutions: Swift, secure, convenient, flexible, and scalable, Retik Finance offers a robust decentralized payment network.⥠Lightning Network Technology: Real-time transactions powered by lightning network technology, ensuring efficiency in various transaction scenarios.
đ ïž SDKs, Plugins, APIs: Access to essential tools for seamless online/offline "buy now" processing, aligning with smartphone POS apps for an enhanced user experience.đ Operational Efficiency: Decentralized network protocols optimize operational efficiency with features like dispute arbitration, custody, credit scoring, and anti-fraud measures.
3. Market Dynamics: Unleashing the Potential
The crypto and DeFi sectors present a vast Total Accessible Market (TAM), with the global crypto market capitalization at $1.4 trillion. Retik Finance actively engages with the DeFi sector, boasting an average daily volume of $25 billion.
đ Stay tuned for more crypto insights and updates. Follow The Defidraft!
#Ethereum2024 #EthereumSurge #EthereumPredictions #cryptocurrency #crypto2024
#Write2Earn #TrendingTopic
AN ADVICE POST.
PERSONAL ADVICE: DO NOT OPEN ANY POSITION IN THIS MARKET CONDITION IT'S HIGH RISKY MARKET YOU WILL LOSS ALL OF YOUR MONEY.
I only give update on BTC in my posts, I do not recommended anybody to open positions based on my analysation. It's your own decisions to put your money in risk before you open positions by seeing my post you must do your own analysation.
My analysation accuracy is 80% true but sometimes I got failed to analyse that's why I do not recommended on my UPDATE post to open positions, if you need signals I will post here if you do comments for signals.
$BTC
#BULLÄ°SH2024
#BTC #Ethereum2024
AN ADVICE POST.
PERSONAL ADVICE: DO NOT OPEN ANY POSITION IN THIS MARKET CONDITION IT'S HIGH RISKY MARKET YOU WILL LOSS ALL OF YOUR MONEY.
I only give update on BTC in my posts, I do not recommended anybody to open positions based on my analysation. It's your own decisions to put your money in risk before you open positions by seeing my post you must do your own analysation.
My analysation accuracy is 80% true but sometimes I got failed to analyse that's why I do not recommended on my UPDATE post to open positions, if you need signals I will post here if you do comments for signals.
$BTC
#BULLÄ°SH2024
#BTC #Ethereum2024
38000- 40000$
100%
44000-46000$
0%
1 votes âą Voting closed
đ #Ethereum Alert: Another Whale Makes a Splash in the Crypto Seas! đđ
đ Brace yourselves! Witness yet another intriguing move in the crypto ocean as wallet "0X899" orchestrates a significant maneuver, shuttling a hefty 14,096.80 $ETH (equivalent to 35.24M USD) straight into the realms of Coinbase! â°
đ Transaction Hash Here :
0x54a5f967dba92295b1c01e28b3f17dfb484ebbc3763f65af5567185566461393
đ Interestingly, this stash of $ETH has an origin storyâit all began from #Coinbase on January 10th, 2024.
đ Explore the Wallet Address: đ
0x89972a25dc1625ed3a70d1565a1741d4930a8015
The Ethereum saga unfolds! Keep those eyes peeled for more crypto twists and turns! đđ
â€ïž A tiny LIKE & FOLLOW â€ïž serves as a huge motivational boost!
What's your take on these Ethereum whale movements? Share your thoughts below!
Stay tuned for more crypto insights! đđ
#CryptoWhales #EthereumUpdate #ETH #Ethereum2024 #ETFApprovalDreams
đ Brace yourselves! Witness yet another intriguing move in the crypto ocean as wallet "0X899" orchestrates a significant maneuver, shuttling a hefty 14,096.80 $ETH (equivalent to 35.24M USD) straight into the realms of Coinbase! â°
đ Transaction Hash Here :
0x54a5f967dba92295b1c01e28b3f17dfb484ebbc3763f65af5567185566461393
đ Interestingly, this stash of $ETH has an origin storyâit all began from #Coinbase on January 10th, 2024.
đ Explore the Wallet Address: đ
0x89972a25dc1625ed3a70d1565a1741d4930a8015
The Ethereum saga unfolds! Keep those eyes peeled for more crypto twists and turns! đđ
â€ïž A tiny LIKE & FOLLOW â€ïž serves as a huge motivational boost!
What's your take on these Ethereum whale movements? Share your thoughts below!
Stay tuned for more crypto insights! đđ
#CryptoWhales #EthereumUpdate #ETH #Ethereum2024 #ETFApprovalDreams
#Ethereum2024
Enter Ethereum, a trailblazer in the cryptocurrency space, expanding the horizons of digital finance with its versatile capabilities. đđ Launched in 2015 by Vitalik Buterin, Ethereum isn't merely a digital currency but a decentralized platform facilitating smart contracts and decentralized applications (DApps). đĄđ»
For Binance users, Ethereum represents a gateway to a world beyond simple transactions. đŠđŹ Binance, being a forward-thinking cryptocurrency exchange, embraces Ethereum's potential, offering a platform where users can engage in the vibrant ecosystem of decentralized finance (DeFi) and NFTs (Non-Fungible Tokens). đđ
#Write2Earn
The power of Ethereum lies in its ability to execute self-executing contracts, opening avenues for a multitude of applications, from decentralized exchanges to gaming platforms. đâïž Its native cryptocurrency, Ether (ETH), is not just a digital asset but a fuel driving the Ethereum network.
Despite challenges and scalability discussions, Ethereum embodies innovation and progress. đ ïžđ Binance users, navigating this dynamic landscape, find opportunities to participate in the evolving narrative of decentralized technology.
In the synergy between Ethereum and Binance, a shared commitment to fostering user education, security, and accessibility emerges. đđ Ethereum's vision aligns with Binance's mission, creating a community where users can explore, invest, and contribute to the decentralized future of finance and technology. đ€đâš
#TrendingTopic $ETH
#LearnWithNeverGiveUp
Enter Ethereum, a trailblazer in the cryptocurrency space, expanding the horizons of digital finance with its versatile capabilities. đđ Launched in 2015 by Vitalik Buterin, Ethereum isn't merely a digital currency but a decentralized platform facilitating smart contracts and decentralized applications (DApps). đĄđ»
For Binance users, Ethereum represents a gateway to a world beyond simple transactions. đŠđŹ Binance, being a forward-thinking cryptocurrency exchange, embraces Ethereum's potential, offering a platform where users can engage in the vibrant ecosystem of decentralized finance (DeFi) and NFTs (Non-Fungible Tokens). đđ
#Write2Earn
The power of Ethereum lies in its ability to execute self-executing contracts, opening avenues for a multitude of applications, from decentralized exchanges to gaming platforms. đâïž Its native cryptocurrency, Ether (ETH), is not just a digital asset but a fuel driving the Ethereum network.
Despite challenges and scalability discussions, Ethereum embodies innovation and progress. đ ïžđ Binance users, navigating this dynamic landscape, find opportunities to participate in the evolving narrative of decentralized technology.
In the synergy between Ethereum and Binance, a shared commitment to fostering user education, security, and accessibility emerges. đđ Ethereum's vision aligns with Binance's mission, creating a community where users can explore, invest, and contribute to the decentralized future of finance and technology. đ€đâš
#TrendingTopic $ETH
#LearnWithNeverGiveUp
đšCelsius Initiates $125M ETH Transfer - Impending Sell-Off? đđŒ
In a bold move to address financial challenges, Celsius, the crypto lender, has orchestrated a substantial transfer of over $125 million worth of Ether (ETH) holdings to various exchanges.
đ Is this a strategic step towards recovery or a precursor to a broader crypto sell-off? Let's break down the recent developments.
1. Celsius's Strategic ETH Transfers: A Financial Recovery Move?
Celsius executed significant transfers during January 8-12, sending $95.5 million to Coinbase and $29.7 million to FalconX. This follows the decision to unstake 206,300 ETH valued at $518 million on January 5. The move aims to address financial woes, covering restructuring costs and preparing for creditor repayments.
đ° Despite Transfers, Celsius Holds Strong:
Celsius still holds an impressive 550,000 ETH, valued at a staggering $1.38 billion.The lender plans to distribute Bitcoin (BTC) and ETH to creditors as part of its recovery plan, but a specific date for fund distribution remains undisclosed.
2. FTX and Alameda Join the Shuffle: Transfers Totaling $28M
FTX and Alameda Research, dealing with their own troubles, executed transfers totaling $28 million on January 14.
đ FTX's Ongoing Restructuring:
Following bankruptcy in November, FTX CEO Sam Bankman-Fried resigned, with John Ray taking the helm.The FTX Group, including FTX Trading and FTX US, initiated bankruptcy proceedings, reclaiming approximately $7 billion in assets, including a substantial $3.4 billion in cryptocurrency.
đ What's Next for Crypto Markets? Stay Informed! đĄđ
As Celsius and FTX make strategic moves, the crypto landscape is evolving. Will this trigger a broader sell-off, or are these steps essential for long-term stability? Stay tuned for updates!
đ For real-time crypto insights and market updates, follow The Blockopedia!
#CelsiusETHUnstaking #Ethereum2024 #EthereumPredictions #cryptocurrency #crypto2024
In a bold move to address financial challenges, Celsius, the crypto lender, has orchestrated a substantial transfer of over $125 million worth of Ether (ETH) holdings to various exchanges.
đ Is this a strategic step towards recovery or a precursor to a broader crypto sell-off? Let's break down the recent developments.
1. Celsius's Strategic ETH Transfers: A Financial Recovery Move?
Celsius executed significant transfers during January 8-12, sending $95.5 million to Coinbase and $29.7 million to FalconX. This follows the decision to unstake 206,300 ETH valued at $518 million on January 5. The move aims to address financial woes, covering restructuring costs and preparing for creditor repayments.
đ° Despite Transfers, Celsius Holds Strong:
Celsius still holds an impressive 550,000 ETH, valued at a staggering $1.38 billion.The lender plans to distribute Bitcoin (BTC) and ETH to creditors as part of its recovery plan, but a specific date for fund distribution remains undisclosed.
2. FTX and Alameda Join the Shuffle: Transfers Totaling $28M
FTX and Alameda Research, dealing with their own troubles, executed transfers totaling $28 million on January 14.
đ FTX's Ongoing Restructuring:
Following bankruptcy in November, FTX CEO Sam Bankman-Fried resigned, with John Ray taking the helm.The FTX Group, including FTX Trading and FTX US, initiated bankruptcy proceedings, reclaiming approximately $7 billion in assets, including a substantial $3.4 billion in cryptocurrency.
đ What's Next for Crypto Markets? Stay Informed! đĄđ
As Celsius and FTX make strategic moves, the crypto landscape is evolving. Will this trigger a broader sell-off, or are these steps essential for long-term stability? Stay tuned for updates!
đ For real-time crypto insights and market updates, follow The Blockopedia!
#CelsiusETHUnstaking #Ethereum2024 #EthereumPredictions #cryptocurrency #crypto2024
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EU authorities have agreed to tighten controls on crypto transfers worth over 1,000 euros
EU politicians have reached a preliminary agreement on part of a comprehensive package of measures to combat money laundering. In particular, the European Parliament and the Council of the EU agreed on the obligation of crypto service providers to apply âdue diligence measures to customers when conducting transactions worth âŹ1,000 and above.â The agreement also adds risk mitigation measures for transactions using non-custodial wallets.
Information on the EU website
#Bitcoin-BTC #Ethereum2024 #BNBđ„ #Solana: #Ripple
$BTC $ETH $BNB
EU politicians have reached a preliminary agreement on part of a comprehensive package of measures to combat money laundering. In particular, the European Parliament and the Council of the EU agreed on the obligation of crypto service providers to apply âdue diligence measures to customers when conducting transactions worth âŹ1,000 and above.â The agreement also adds risk mitigation measures for transactions using non-custodial wallets.
Information on the EU website
#Bitcoin-BTC #Ethereum2024 #BNBđ„ #Solana: #Ripple
$BTC $ETH $BNB
#Ethereum2024 Top 4 Financial Advice from Vitalik Buterin đââïž
Vitalik is a co-founder of the Ethereum blockchain, he recently shared some important tips on his page đ
đč Diversification is good. It means allocating capital in a way that reduces exposure to any one asset or risk. Don't use 100% of your funds to buy one coin or stock, don't put 100% of your funds in crypto, etc.
đč Financial security is freedom, you should save enough money until you have enough to cover several years of expenses.
đč You should be "boring" with most of your portfolio. This means you should be a conservative investor with the majority of your money, put it in a diversified stock portfolio or index fund, but don't use it to buy meme coins.
đč Don't use leverage higher than 2, just don't do it! Leverage increases the risk of losing 100% of your trading capital and stimulates poor financial decisions.
đ Save for later
Vitalik is a co-founder of the Ethereum blockchain, he recently shared some important tips on his page đ
đč Diversification is good. It means allocating capital in a way that reduces exposure to any one asset or risk. Don't use 100% of your funds to buy one coin or stock, don't put 100% of your funds in crypto, etc.
đč Financial security is freedom, you should save enough money until you have enough to cover several years of expenses.
đč You should be "boring" with most of your portfolio. This means you should be a conservative investor with the majority of your money, put it in a diversified stock portfolio or index fund, but don't use it to buy meme coins.
đč Don't use leverage higher than 2, just don't do it! Leverage increases the risk of losing 100% of your trading capital and stimulates poor financial decisions.
đ Save for later
ETHEREUM PRICE HOLDS SUPPORT
Ethereum price started a downside correction below the $2,620 support zone. ETH even declined below the $2,550 support, but the bulls were active near $2,440. A low was formed near $2,469 and the price is now trading in a range, like Bitcoin.
There was a minor increase above the $2,500 level. The price climbed above the 50% Fib retracement level of the recent decline from the $2,588 swing high to the $2,469 low.
Besides, there was a break above a connecting bearish trend line with resistance near $2,510 on the hourly chart of ETH/USD. Ethereum is now trading just above $2,500 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $2,540 level or the 61.8% Fib retracement level of the recent decline from the $2,588 swing high to the $2,469 low.
The next major resistance is now near $2,585. A clear move above the $2,585 level might start a decent increase. In the stated case, the price could rise toward the $2,650 level. The main resistance is now forming near the $2,720 level. A close above the $2,720 resistance could start another major increase. The next key resistance is near $2,780. Any more gains might send the price toward the $2,880 zone.
ANOTHER DROP IN ETH?
If Ethereum fails to clear the $2,585 resistance, it could start another decline. Initial support on the downside is near the $2,495 level.
The next key support could be the $2,445 zone. A downside break below the $2,445 support might send the price further lower. In the stated case, Ether could test the $2,380 support. Any more losses might send the price toward the $2,320 level.
#ETH-ETF #Ethereum2024 #ETH-ETF
Ethereum price started a downside correction below the $2,620 support zone. ETH even declined below the $2,550 support, but the bulls were active near $2,440. A low was formed near $2,469 and the price is now trading in a range, like Bitcoin.
There was a minor increase above the $2,500 level. The price climbed above the 50% Fib retracement level of the recent decline from the $2,588 swing high to the $2,469 low.
Besides, there was a break above a connecting bearish trend line with resistance near $2,510 on the hourly chart of ETH/USD. Ethereum is now trading just above $2,500 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $2,540 level or the 61.8% Fib retracement level of the recent decline from the $2,588 swing high to the $2,469 low.
The next major resistance is now near $2,585. A clear move above the $2,585 level might start a decent increase. In the stated case, the price could rise toward the $2,650 level. The main resistance is now forming near the $2,720 level. A close above the $2,720 resistance could start another major increase. The next key resistance is near $2,780. Any more gains might send the price toward the $2,880 zone.
ANOTHER DROP IN ETH?
If Ethereum fails to clear the $2,585 resistance, it could start another decline. Initial support on the downside is near the $2,495 level.
The next key support could be the $2,445 zone. A downside break below the $2,445 support might send the price further lower. In the stated case, Ether could test the $2,380 support. Any more losses might send the price toward the $2,320 level.
#ETH-ETF #Ethereum2024 #ETH-ETF
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Whale shakes up the market and buys US$11 million worth of ETH ahead of the Ethereum ETF...
A mysterious whale from the cryptocurrency world has made a strong trade, acquiring 4,677 Ethereum, worth around $11 million, as reported by Lookonchain.
The intriguing aspect of this purchase lies in the optimistic and bold stance the whale appears to be taking regarding the future of Ethereum, expressing bearish sentiment towards Bitcoin, according to Lookonchain analysis.
What draws attention is the unique approach chosen by the whale, which chose to exchange 241 Wrapped Bitcoin (WBTC), worth $11 million, borrowed from Aave, for a substantial amount of Ethereum.
Although the reasons for this strategic decision remain shrouded in mystery, all signs point to the expectation of an imminent ETH price rise.
Whale exchanges Bitcoin for Ethereum
According to recent data, Ethereum is emerging as the leader, recently overtaking Bitcoin â but not in terms of price or market capitalization. Bitcoin faced a 2.11% decline over the past 24 hours, settling at $45,300.
In contrast, ETH saw an 8% increase during the same period, reaching $2,422. This consistent outperformance leads Ethereum to gain ground against Bitcoin over different time periods.
Despite the optimism surrounding ETH's upward trajectory, analysts suggest caution. After all, past performance does not guarantee future results.
It should be noted that veteran trader Peter Brandt maintains a pessimistic view, adopting the perspective of a short-term trader rather than a long-term hodler. In a tweet, Brandt expressed skepticism, stating:
âMy inclination remains to sell ETH,â highlighting his belief in the alleged lack of underlying strength in the Ethereum chart.
#Ethereum2024 #ETH! #Ethereum2_0
A mysterious whale from the cryptocurrency world has made a strong trade, acquiring 4,677 Ethereum, worth around $11 million, as reported by Lookonchain.
The intriguing aspect of this purchase lies in the optimistic and bold stance the whale appears to be taking regarding the future of Ethereum, expressing bearish sentiment towards Bitcoin, according to Lookonchain analysis.
What draws attention is the unique approach chosen by the whale, which chose to exchange 241 Wrapped Bitcoin (WBTC), worth $11 million, borrowed from Aave, for a substantial amount of Ethereum.
Although the reasons for this strategic decision remain shrouded in mystery, all signs point to the expectation of an imminent ETH price rise.
Whale exchanges Bitcoin for Ethereum
According to recent data, Ethereum is emerging as the leader, recently overtaking Bitcoin â but not in terms of price or market capitalization. Bitcoin faced a 2.11% decline over the past 24 hours, settling at $45,300.
In contrast, ETH saw an 8% increase during the same period, reaching $2,422. This consistent outperformance leads Ethereum to gain ground against Bitcoin over different time periods.
Despite the optimism surrounding ETH's upward trajectory, analysts suggest caution. After all, past performance does not guarantee future results.
It should be noted that veteran trader Peter Brandt maintains a pessimistic view, adopting the perspective of a short-term trader rather than a long-term hodler. In a tweet, Brandt expressed skepticism, stating:
âMy inclination remains to sell ETH,â highlighting his belief in the alleged lack of underlying strength in the Ethereum chart.
#Ethereum2024 #ETH! #Ethereum2_0
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61%
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36 votes âą Voting closed
Ethereum Breaks out of Compact Range and Surges Above $2,500
#Ethereum2024
Ethereumâs ($ETH ) 8.6% rally from the $2,334 support level finally broke the bearish resistance at the $2,405 price level. Previously, $ETH bulls had struggled to push past the resistance with prices ranging between the $2,205 lower limit and $2,405 upper limit.
The bullish momentum on ETHâs price action and positive sentiment in the crypto market could see cryptoâs second-largest coin make a strong push for the $3,000 price level
Bears overcome by massive buying pressure
An 84% uptick in daily trading volume over the past 24 hours served as a springboard for the bullish offensive that smashed the selling pressure at the $2,405 resistance level.
Bulls had previously been denied at the critical price level on three separate occasions but achieved success with bullish price action and increased hype in the markets on the impending approval of Bitcoin ETFs.
While the lower timeframe (4H) showed heightened bullish price action for short-term buyers, the daily timeframe showed that long-term buyers could bid strongly at this level.
ETH/USDT Price Chart on Trading View (Daily Timeframe)
Long-term buyers can target two profit levels. The first one would lie at $2,800 for 11% returns while the second profit level would lie at $3,000 for 21% returns.
Looking at the Moving Average Convergence Divergence (MACD) on the daily timeframe showed it just recorded the bullish crossover with one green bar above the zero level. This signalled the start of the long-term buying pressure.
Also, the Relative Strength Index (RSI) highlighted the massive buying pressure, as it surged toward the overbought zone. Both indicators confirmed the short-term and long-term bullish bias for ETH.
Furthermore, a recent tweet from Lookonchain revealed whales accumulating more ETH strategically to consolidate profits.
Despite the overall bullish sentiment, ETH traders must be wary of short-term profit taking which could affect price stability.
#Ethereum2024
Ethereumâs ($ETH ) 8.6% rally from the $2,334 support level finally broke the bearish resistance at the $2,405 price level. Previously, $ETH bulls had struggled to push past the resistance with prices ranging between the $2,205 lower limit and $2,405 upper limit.
The bullish momentum on ETHâs price action and positive sentiment in the crypto market could see cryptoâs second-largest coin make a strong push for the $3,000 price level
Bears overcome by massive buying pressure
An 84% uptick in daily trading volume over the past 24 hours served as a springboard for the bullish offensive that smashed the selling pressure at the $2,405 resistance level.
Bulls had previously been denied at the critical price level on three separate occasions but achieved success with bullish price action and increased hype in the markets on the impending approval of Bitcoin ETFs.
While the lower timeframe (4H) showed heightened bullish price action for short-term buyers, the daily timeframe showed that long-term buyers could bid strongly at this level.
ETH/USDT Price Chart on Trading View (Daily Timeframe)
Long-term buyers can target two profit levels. The first one would lie at $2,800 for 11% returns while the second profit level would lie at $3,000 for 21% returns.
Looking at the Moving Average Convergence Divergence (MACD) on the daily timeframe showed it just recorded the bullish crossover with one green bar above the zero level. This signalled the start of the long-term buying pressure.
Also, the Relative Strength Index (RSI) highlighted the massive buying pressure, as it surged toward the overbought zone. Both indicators confirmed the short-term and long-term bullish bias for ETH.
Furthermore, a recent tweet from Lookonchain revealed whales accumulating more ETH strategically to consolidate profits.
Despite the overall bullish sentiment, ETH traders must be wary of short-term profit taking which could affect price stability.
Ethereum's 2024 Odyssey: Moon Mission or Bumpy Ride?
Ethereum's future in 2024 is a nebula of possibilities. Optimists foresee a price surge to $6,500, fueled by Ethereum 2.0's rollout and booming DeFi. But pessimists whisper of global economic woes and a potential drop to $2,000Most predictions land in the $3,000-$4,500 range, with potential for bursts or dips depending on external forces. This makes Ethereum a very good pick for investing this year. Remember, crypto is a rollercoaster, so buckle up and DYOR before investing!$ETH
#Write2Earn #Ethereum2024 #EthereumïŒ #ETH-ETF
Ethereum's future in 2024 is a nebula of possibilities. Optimists foresee a price surge to $6,500, fueled by Ethereum 2.0's rollout and booming DeFi. But pessimists whisper of global economic woes and a potential drop to $2,000Most predictions land in the $3,000-$4,500 range, with potential for bursts or dips depending on external forces. This makes Ethereum a very good pick for investing this year. Remember, crypto is a rollercoaster, so buckle up and DYOR before investing!$ETH
#Write2Earn #Ethereum2024 #EthereumïŒ #ETH-ETF
Vitalik Buterin, the co-founder of Ethereum (ETH), has ignited a debate about the classification of various layer 2 scaling solutions.
The crypto veteran has claimed that Ethereumâs validiums should not be considered genuine rollup solutions.
The statement came in response to a post by Daniel Wang, the founder of Taiko, an Ethereum rollup solution, who said if an Ethereum rollup relies on an external data chain, such as Celestiaâs modular blockchain, then it should be classified as a validium.
Buterin concurred with Wangâs comment, stating:
âThis is correct. The core of being a rollup is the unconditional security guarantee: you can get your assets out even if everyone else colludes against you.â
He emphasized that if data availability depends on an external system, that security guarantee cannot be upheld.
#TrendingTopic #Ethereum2024 #Binance
The crypto veteran has claimed that Ethereumâs validiums should not be considered genuine rollup solutions.
The statement came in response to a post by Daniel Wang, the founder of Taiko, an Ethereum rollup solution, who said if an Ethereum rollup relies on an external data chain, such as Celestiaâs modular blockchain, then it should be classified as a validium.
Buterin concurred with Wangâs comment, stating:
âThis is correct. The core of being a rollup is the unconditional security guarantee: you can get your assets out even if everyone else colludes against you.â
He emphasized that if data availability depends on an external system, that security guarantee cannot be upheld.
#TrendingTopic #Ethereum2024 #Binance
