Breaking🚨:🚀🚀🚀A week ago, the price of ETH surpassed the $4,000 per coin mark for the first time since March. Further, it is clearly targeting the November 2021 ATH update.
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DeFi sector grows and Ethereum overtakes Bitcoin - what's going on? 🤑Investors are «on the plus side»:💥 In the last week of November, Ethereum rose 5% — the best result among the top 5 cryptocurrencies.When the price exceeded the $3,550 level, investors in spot ETH-ETFs finally went «into profit» — these are the levels seen at the beginning of trading in exchange-traded funds on July 23, 2024
From November 22 to 27, net inflows into ETH-based ETFs totaled $225 million, which is $190 million more than inflows into Bitcoin ETFs.
📑Exchange-traded funds as a paradigm shift: 🎁Since the launch of spot ETFs on Bitcoin and Ethereum, the crypto market has changed: whales from the traditional sector are willing to invest in these exchange-traded funds, but no more.
🔥If earlier capitals from BTC went into Ethereum, Solana and other alta, then from ETFs on BTC and ETH they will flow into «non-crypto»: stock market, currencies, real estate.The influx of money into ETH-ETFs is clearly due to bitcoin's local overbought: it has already updated ATH, while ETH has not yet.
📈Expert Predictions:🚨 towards $20,000: Trailers who trade by technical analysis have already seen a bunch of patterns that signal further mega-growth of ETH in the next six months.
«Cup and Handle», «Ishimoku Golden Cross», and other patterns on weekly charts show growth towards levels above $6,000 and all the way up to $7,200.
💥👉 Will it come true or not - I think so. On the one hand, the fundamental background disposes to growth. On the other hand, technical analysis on charts without half a century of history can be significantly wrong.
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This week I am going to be looking at potential correction areas for a selection cryptocurrencies that I have a personal interest in, and especially from the point of view of medium to long-term signal issuance for Biyond.

As everyone is now aware the Israel Vs Iran situation has the possibility to cause risk-on asset classes to correct even lower next week and maybe even over an extended period.

The Ukraine war saw a short-lived crypto correction and then a rally in crypto. Not to say this will happen again, but will of course depend upon the escalation or de-escalation of events in the Middle-East.

Technically, the first and most obvious thing to note is that Bitcoin is undoubtedly trading within a large symmetrical triangle pattern on the higher time frames.

Triangle pattern breakouts can be tricky, but let's go back to text-book theory for clues as to exactly how far the potential downside breakout to spill over for BTC.

Text-book theory suggests that "Once a breakout occurs, traders can estimate the price target by measuring the widest part of the triangle and projecting that distance from the breakout point. "

Ok, so measuring the current triangle pattern and we can see the widest part of the triangle extends to  $58,000 up to $73,800.

Therefore, and if the target of the triangle pattern is correct we could see a coming drop to around $44,000. 

Extremely interesting that this is close to the 50 percent Fibonacci retracement of the ATH to the previous bear cycle low. 

Almost certainly I would be looking to initiate medium and long-term positions here, targeting levels which I will discuss in my daily email if the expected scenario unfolds.

Now we come to Ethereum, a coin that looks particularly soft right now and is being hit by a triple whammy of bearish catalysts.

ETH ETF jitters, technical softness, and of course ETH losing Wall Street the institutional investment battle to Bitcoin right now.

Technically, Ethereum finds itself in a similar position to BTC in that it is trapped inside a triangle pattern, however, the triangle patterns are different.

ETH is trapped inside a descending triangle pattern. which is a decidedly bearish pattern, whereas symmetrical patterns are more bullish and usually hint at being continuation patterns.

After a breakout from a descending triangle, the target price is calculated by measuring the widest distance of the pattern and subtracting it from the breakout point at the resistance line.

With this in mind, so we are basically looking at  $3,000 to $4000, meaning we could expect a pending drop to $2,000 for ETH if that target unfolds.

Stay tuned for upcoming BTC and ETH signals. Next week I will be looking at XRP and LINK in-depth. Two coins that I feel are going to be strong buys on the next significant pullback.

#BitcoinAnalysis #EthereumAnalysis #CryptoAnalysis📈📉🐋📅🚀

👋 Hey there, Crypto Curious! It’s Linkan here with a deep dive into cryptocurrency valuation!Navigating the cryptic waters of digital currency valuation can be daunting, but fear not! I’m here to guide you through this complex world with some key concepts and methods. Let’s unlock the secrets behind the numbers! 🗝️🌐1. Utility: The Power Behind the Coin 🛠️Utility drives value in the crypto world. A cryptocurrency needs to be more than just digital gold; it must have a real function within its ecosystem. Ethereum’s Ether ($ETH ), for instance, is vital for transactions and app development, boosting its demand and value. The higher the utility, the greater the demand! 🚀2. Scarcity: The Rarity Quotient 🏺Scarcity equals value. Cryptos like Bitcoin ($BTC ), with a fixed supply of 21 million coins, become more valuable as demand increases. This limited nature creates a sense of rarity, enhancing long-term worth. 💎3. Perceived Value: What the Market Thinks 💭Market perception is crucial. Achievements, partnerships, and successful launches can significantly boost a crypto’s perceived value. It’s all about how investors view the project’s potential and progress. 🌟4. On-Chain Metrics: The Blockchain Barometer 📊On-chain metrics offer insights into a blockchain’s health and activity. They include transaction counts, active addresses, and more, painting a comprehensive picture of a cryptocurrency’s current state and potential. 🔍5. NVT Ratio: Decoding the Numbers 📐The Network Value-to-Transaction (NVT) ratio compares a crypto’s market cap to its transaction volume, providing a unique perspective on its usage versus its market value. 📈In Conclusion: A World of VariablesValuing cryptocurrencies is a multifaceted task, blending technology, economics, and market psychology. As we continue to navigate this digital finance frontier, these methodologies will evolve, offering deeper insights into the value of these fascinating digital assets. 🌍💡Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions. 🚫💼 #CryptocurrencyEducation #EthereumAnalysis #BitcoinStrategies #AltcoinPotential #CryptoMarketTrends