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Ethereum Price Falls Beyond $4K: Will Bulls Return?

Ethereum reversed gains from $4,080. Bearish signals are emerging for ETH below $4,000.
Ethereum fell from $4,093 high.
The price is over $3,920 and the 100-hour SMA.
The hourly ETH/USD chart broke below a positive trend line with support around $3,965.
If it holds over $3,840, the pair may rise again.
Ethereum Retraces Gains

Ethereum held over $3,750. After a base, ETH rose beyond $3,920, defeating Bitcoin. Bulls broke $4,000 resistance.
Price hit $4,080 resistance. Price continued falling after reaching $4,093 peak. Prices fell below $4,050 and $4,000. The price fell below the 23.6% Fib retracement level of the $3,680 swing low to $4,093 high.

Additionally, ETH/USD's hourly chart broke below a positive trend line with support around $3,965. Ethereum is over $3,920 and the 100-hour SMA.

The price may face resistance at $3,960 on the upside. At $3,980, serious resistance begins. The primary resistance is around $4,000. A clean break over $4,000 might push the price above $4,080.

A break over $4,080 barrier might lead to greater gains. Ether might reach $4,150 or $4,220 in this situation.
More ETH losses?
Ethereum might fall again if it fails to break $4,000 barrier. Around $3,920 is first downside support. Around $3,880 is the first substantial support.
A decisive break below $3,880 might bring the price near $3,840. If losses continue, the price may reach $3,770 support. Next important support is $3,650.
Tech Indicators
Hourly MACD - ETH/USD MACD is losing bullish momentum.
Hourly RSI: ETH/USD is below 50.
Major Support—$3,920
Major Resistance: $3,980

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Top 100 24h Gainers 🚀

BGB $2.84 +20.14%
$HBAR $0.3333 +16.32%
$QNT $169.70 +15.09%
POPCAT $1.55 +13.77%
$WIF $3.82 +12.87%

Top 100 24h Losers 🔻

VIRTUAL $1.68 -6.08%
TIA $8.56 -5.88%
INJ $33.16 -5.04%
ARB $1.17 -4.43%
RENDER $10.28 -4.05%

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Elon Musk’s Tweet Sends Baby Doge Coin Soaring 🐶
Here's a breakdown of the impact of Elon Musk's tweet on Baby Doge Coin:
Before the Tweet
- Price: $0.0000000002443
- Market Capitalization: $100 million
- Trading Volume: $10 million
After the Tweet
- Price: $0.0000000004448 ( increase of 82%)
- Market Capitalization: $182 million (increase of 82%)
- Trading Volume: $50 million (increase of 400%)
Current Value
- Price: $0.0000000004448
- Market Capitalization: $182 million
- Trading Volume: $50 million
- Circulating Supply: 1 quadrillion
- Total Supply: 1 quadrillion

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IS SOLANA READY TO BREAK $300?
THIS IS A QUESTION I GET FROM MOST OF YOU
Solana's price is currently around $237, and while it's shown impressive growth, reaching $300 might take some time. Analysts predict a potential surge, but it's essential to consider the factors driving this growth.
Key Drivers:
Growing Ecosystem: Solana's expanding ecosystem, with over 11,000 projects built on its network, is a significant factor contributing to its growth.
Institutional Interest: The recent filing of a Solana ETF by Canary Capital could lead to increased institutional adoption and demand for SOL.
Technical Strength: Solana's transaction speed and low fees make it an attractive option for developers and users.
While Solana's potential is promising, it's crucial to remember that the cryptocurrency market is highly volatile. Reaching $300 will depend on various factors, including market trends, adoption rates, and competition from other cryptocurrencies.$SOL

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