ETH is bullish today
News: A certain fish has purchased 8,454.3 ETH through revolving loans, and the total amount of Dafang beacon chain pledged exceeds 32.6 million ETH. The gas fee of Dafang has soared by 127.16% in 10 minutes. The expected price of bulk options trading is
Oscillating around 2900-3000
Community sentiment: Some people believe that ETH will fall below the $3,100 mark, but others say that "ETH is about to rise sharply"
Valid information: The current price of Ethereum is $3118.54, with a 24-hour increase of 3.09%. Whales purchased a large amount of ETH through revolving goods. The total amount of beacon chain pledges continued to increase. Gas fees rose. Option trading showed expected price fluctuations.
Moving range.
Expectation: In the short term, ETH is expected to rise to a certain extent, but we need to pay attention to the impact of market fluctuations and rising gas fees on costs. In the long run, the total amount of Dafang beacon chain pledges continues to increase, supporting the stable development of ETH.
Investment advice: In the short term, you may consider paying attention to ETH price fluctuations. Long-term holding of ETH and participating in beacon chain staking may bring more stable returns.
3 Cryptocurrencies With Amazing Gains That You Should Grab During the Bull Market!
CFX
The price of CFX/USDT has shown incredible volatility over the past few months.
From July to December 2023, CFX price experienced a period of consolidation with less volatility, and the bottom stabilized around 0.1000. During this period, MA50, MA60, MA200 and MA177 moving averages frequently crossed, and the market seemed to be exploring a clear trend direction.
However, from December 2023 to March 2024, the price of CFX began to rise steadily, successfully breaking through multiple resistance levels and reaching a high of 0.5511. During this period, the moving averages showed a bullish arrangement, especially MA50, which broke through MA200 in early January 2024, forming a strong upward signal.
However, the good times did not last long. From March to May 2024, the CFX price quickly fell back, breaking below the MA50 and MA200 moving averages, and the current price is hovering around 0.2206. The recent moving averages are in a bearish arrangement, indicating that the price trend may be relatively weak in the short term.
Short-term outlook:
Moving average analysis: MA50 and MA200 continue to move downward, indicating that the price may continue to decline in the short term. However, it is worth noting that the current price is close to the middle track of the Bollinger Band (0.2169), which may provide a certain degree of support.
Rebound opportunities: If the price can stabilize above 0.2200, a rebound may occur in the short term, and the upper resistance level will focus on the 0.2500 to 0.2750 range.
Long-term outlook:
Moving average trend: Despite the short-term pressure, the MA60 and MA177 moving averages remain on an upward trend, suggesting that CFX prices have the potential to rebound in the long term. The key is whether the price can re-enter the MA200 (currently at 0.2389).
Big trend judgment: If the CFX price can steadily break through 0.25 and the moving average re-forms a bullish arrangement, it is expected to usher in a new round of rising market, and the long-term target may point to above 0.30.
LINK
LINK has a market value of $9.66 billion. As the leader of decentralized oracle protocols, Chainlink has attracted much attention for its outstanding market performance and technological progress. In the past year, the price of LINK has soared by 150%, showing strong growth momentum. Recently, the price of LINK has risen by 19.01% to $16.38 in the past 24 hours, and the trading volume has soared by 245% to $1.22 billion.
Chainlink has reached a cooperation with the Depository Trust & Clearing Corporation (DTCC), the world's largest payment system, and successfully completed the Smart NAV Pilot program with major US banks such as JPMorgan Chase and Templeton to promote the process of tokenization of funds. This cooperation has brought Chainlink a broad market prospect and the favor of institutional investors. Currently, 564 whales hold more than 100,000 LINK tokens, an increase of 5% in just five weeks. LINK's social status and influence continue to increase, and FOMO sentiment has further stimulated investors' interest.
TON
As one of the most exciting cryptocurrencies, Toncoin (TON) ranks among the top eight in terms of market capitalization with a market capitalization of $21 billion. In the past year, TON's price has soared by nearly 214%, fully demonstrating its huge growth potential. With its strong technical performance and huge market capitalization, Toncoin has become a popular choice for cryptocurrency investors.
Key Features:
Technical indicators: TON is showing positive bullish signs, trading above the 50-day and 100-day moving averages. Among them, 21 technical indicators are in the buy zone, providing investors with good buying opportunities.
Market Prediction: According to the forecast, the price of Toncoin may reach $3.22 by the end of the second quarter of 2024. This forecast provides investors with clear investment goals and expectations.
As the cryptocurrency market continues to develop and innovate, outstanding projects such as CFX, LINK and TON will continue to bring rich returns and surprises to investors. Investors should pay close attention to market dynamics and project progress to seize investment opportunities and achieve wealth growth.
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