💥💥We predicted the fall of etherium!💥 Time to Enter!$ETH It's about to pump due to buying pressures! Entry point! 2,358.22 TP1: 2,436 TP2: 2,528 TP3: 2,624
Blockchain explorers like Etherscan, which provide detailed transaction histories, or use cryptocurrency analytics platforms like Glassnode or CryptoQuant reflects whales are hoarding up Etherium once more!
These sources offer insights into large transactions and whale activities. For the latest news and significant movements, financial news websites and crypto market analysis services are also useful!
💡 Investing in cryptocurrencies can be highly volatile and speculative. It's crucial to invest when you've done thorough research and understand the risks involved, rather than simply following market hype. Trying to time the market perfectly is extremely difficult, so consider investing based on your long-term financial goals and risk tolerance, rather than short-term fluctuations in prices.
❌ Strictly do not rely completely in cryptocurrencies for income as it already affected a lot of people.
Absolutely, analyzing before investing in cryptocurrencies is crucial for several reasons:
1. **Understanding the Technology**: Cryptocurrencies operate on blockchain technology, which can be complex. It's essential to grasp how they work and their underlying principles before investing.
2. **Assessing the Market**: Cryptocurrency markets are highly volatile. Conducting thorough market research helps in identifying trends, understanding price movements, and predicting potential risks.
3. **Evaluating Projects**: Not all cryptocurrencies are the same. Each project has its own use case, team, and technology. Assessing these factors can help determine the viability and potential growth of a cryptocurrency.
4. **Risk Management**: Investing without analysis can lead to significant losses. Proper research allows investors to manage risks by diversifying their portfolio and setting realistic expectations.
5. **Legal and Regulatory Considerations**: Regulations around cryptocurrencies vary globally. Understanding the legal framework and compliance requirements in your jurisdiction is essential to avoid legal issues.
By analyzing these aspects before investing, individuals can make informed decisions and mitigate the risks associated with cryptocurrency investments.
The open interest of Ethereum has recovered to its local highs, indicating a possible spike in volatility and a rise in purchasing power. With a significant increase over previous levels, the total open interest on Binance Futures is currently at 1.896 million.
Since the number of open futures contracts is a good indicator of future price movements, this metric is very important. Based on the chart, ETH has been steadily declining for some time and is currently trading at $2,292.
An increase in OI indicates that traders may be preparing for large price movements, which could manifest as a breakout or additional decline. Growing OI has historically been associated with increased market participation, which has increased liquidity and may cause volatility moves in either direction.
Furthermore, the increasing total volume supports the possibility of more market activity. A rise in volume along with an increase in OI suggests that the market is getting more active, which frequently happens before volatility spikes. This is crucial for Ethereum, particularly considering the sustained period of price consolidation.
Ethereum is still below resistance areas in short-term price analysis, and a large increase in purchasing power would be required to overcome them. As it attempts to bounce back from prior lows, the price trend is currently weakening, but the increase in volume and OI may be early signs of a bullish reversal. Within the next few weeks, ETH might move back toward the $2,500 resistance level if the renewed buying power continues.
Bitcoin Pumps, Then Dumps Below $54K as Jobs Report Spurs Crypto Volatility!
The price swing liquidated nearly $50 million of leveraged derivatives positions across all cryptocurrencies in one hour, CoinGlass data shows.
The broad-market CoinDesk 20 index was down 3% over the past 24 hours, with BTC, ETH, XRP, ADA posting declines of as much as 4%. Fed governor Waller said he will advocate for "front-loading rate cuts if that is appropriate." A smaller, 25 basis-point cut would be more beneficial for asset prices, Fundstrat's Sean Farrell noted.
The brief rally in the cryptocurrency markets following Friday's U.S. jobs report quickly reversed in volatile trading, sending bitcoin (BTC), the largest cryptocurrency, to its lowest in a month.
The widely anticipated U.S. nonfarm payrolls report showed the world's largest economy added 142,000 jobs in August, slightly fewer than analyst forecasts, while the lower unemployment rate fell to 4.2% from July's 4.3%.
Later in the morning, Fed Governor Christopher Waller said in a speech at Notre Dame University that the "time has come" to lower interest rates and he will advocate for "front-loading rate cuts if that is appropriate." Some observers argued that a smaller cut would be more beneficial for risk assets, as a 50 bps cut might signal that the Fed is increasingly concerned about the U.S. economy falling into a recession.
"Ultimately, the nature of the cut (bullish or bearish) depends on economic data and Fed commentary, but all things being equal I still view 25 bps as better for asset prices than 50 bps," said Sean Farrell, digital asset research head at Fundstrat.
Is this the start of a pullback pump for the bulls?
But before I go let's give a 1min prayer to God before continuing our investments! 💡
1min Prayer:
I need Your wisdom and guidance in this area Lord. Thank You for Your faithfulness to fulfill that Scripture. Because I trust in You, I know you will help me to make wise decisions for business investments that honor You and help it grow. Amen.
💡 Crypto WHALES Buy Bitcoin During The Dip And This New Meme Coin ICO!
The crypto market continues to be in choppy waters, with the bulls and bears wrestling for control.
However, some crypto whales do not appear to be fazed by the uncertainty. To them, every dip is a potential buying opportunity.
Indeed, whales are continuing to stack Bitcoin, Pepe and new meme coins like Pepe Unchained, likely in preparation for an upcoming bull run.
Data from Lookonchain reveals that a crypto whale purchased 545 BTC – worth over $30 million – after the Bitcoin price crash on Tuesday.
This whale continues to buy the dip and has accumulated $49 million worth of Bitcoin at an average price of $56,993 – all in the past 3 days. 💥💥💥
He is also not the only one. Another whale has invested nearly $136 million in Bitcoin in the span of a week, adding 2322.7 BTC to his holdings. This Binance trader currently holds 8,881 Bitcoin, worth $523 million.
With that, our team expects an uptrend in the coming days!
We predict the rise of etherium as well. Do not get left behind! 💥
As of early September 2024, several recent occurrences have impacted Ethereum:
1. Regulatory Scrutiny: Increased regulatory scrutiny in major markets, such as the U.S. and the EU, has raised concerns about potential new regulations affecting Ethereum and the broader crypto market. Discussions around stricter compliance requirements for DeFi platforms have particularly drawn attention.
2. Network Congestion: There have been reports of network congestion and higher gas fees due to increased activity in the Ethereum ecosystem, which can affect transaction costs and user experience, potentially influencing Ethereum's price.
3. Security Exploits: Recent exploits or vulnerabilities in Ethereum-based projects or smart contracts have raised concerns about the security of the Ethereum network, impacting investor confidence.
4. Market Volatility: Broader market volatility and corrections in the cryptocurrency sector, often influenced by macroeconomic factors or changes in investor sentiment, have affected Ethereum's price performance.
Expect Etherium to drop to: TP1: 2401 TP2: 2366 TP3: 2298
Always invest what you are willing to lose. Invest in spot if you want it safe! Always do your research!
As of early September 2024, several recent occurrences have impacted Ethereum:
1. Regulatory Scrutiny: Increased regulatory scrutiny in major markets, such as the U.S. and the EU, has raised concerns about potential new regulations affecting Ethereum and the broader crypto market. Discussions around stricter compliance requirements for DeFi platforms have particularly drawn attention.
2. Network Congestion: There have been reports of network congestion and higher gas fees due to increased activity in the Ethereum ecosystem, which can affect transaction costs and user experience, potentially influencing Ethereum's price.
3. Security Exploits: Recent exploits or vulnerabilities in Ethereum-based projects or smart contracts have raised concerns about the security of the Ethereum network, impacting investor confidence.
4. Market Volatility: Broader market volatility and corrections in the cryptocurrency sector, often influenced by macroeconomic factors or changes in investor sentiment, have affected Ethereum's price performance.
Expect Etherium to drop to: TP1: 2401 TP2: 2366 TP3: 2298
Always invest what you are willing to lose. Invest in spot if you want it safe! Always do your research!
As of early September 2024, several recent occurrences have impacted Ethereum:
1. Regulatory Scrutiny: Increased regulatory scrutiny in major markets, such as the U.S. and the EU, has raised concerns about potential new regulations affecting Ethereum and the broader crypto market. Discussions around stricter compliance requirements for DeFi platforms have particularly drawn attention.
2. Network Congestion: There have been reports of network congestion and higher gas fees due to increased activity in the Ethereum ecosystem, which can affect transaction costs and user experience, potentially influencing Ethereum's price.
3. Security Exploits: Recent exploits or vulnerabilities in Ethereum-based projects or smart contracts have raised concerns about the security of the Ethereum network, impacting investor confidence.
4. Market Volatility: Broader market volatility and corrections in the cryptocurrency sector, often influenced by macroeconomic factors or changes in investor sentiment, have affected Ethereum's price performance.
Expect Etherium to drop to: TP1: 2401 TP2: 2366 TP3: 2298
Always invest what you are willing to lose. Invest in spot if you want it safe! Always do your research!
Observation of crypto currencies market cap is imprortant!
Market capitalization (market cap) is a key metric in the cryptocurrency world, reflecting the total value of a cryptocurrency. It is calculated by multiplying the current price of the cryptocurrency by its total circulating supply. Here’s how market cap affects the price of cryptocurrencies:
1. **Price Impact**: Generally, a higher market cap indicates that the cryptocurrency has a larger total value, which can mean higher stability and less volatility compared to lower market cap coins. Conversely, smaller market cap cryptocurrencies might experience more price volatility as even small trades can significantly impact their price.
2. **Investor Perception**: A higher market cap often signals greater adoption and credibility, which can attract more investors. This can drive up demand and, consequently, the price. However, it can also mean that the cryptocurrency is less likely to see explosive price increases compared to smaller market cap assets.
3. **Liquidity**: Cryptocurrencies with larger market caps usually have higher liquidity, meaning they can be bought or sold in large quantities without causing significant price changes. This liquidity can make these cryptocurrencies more attractive to investors, potentially supporting higher prices.
4. **Growth Potential**: Smaller market cap cryptocurrencies might offer higher growth potential as they could be in earlier stages of development or adoption. This potential can attract speculative investors looking for significant returns, which can drive up their prices. However, this also comes with higher risk and volatility.
Overall, while market cap is a useful indicator of a cryptocurrency's value and stability, it is just one of many factors that influence price. Other elements, such as technology, adoption, market sentiment, and broader economic conditions, also play critical roles in determining the price of cryptocurrencies.
Someone posted yesterday that BTC will drop 50% and told the public to sell everything and their portfolio. Do your own research instead of relying on the posts of square content creators!
Yes it might drop again and yes it might rise back to the top! There are always risks! As long as you don't sell, you're not at a loss. When BTC drops okay, if btc drops some more, I buy some more and sell at a profit!
📣 Shib recently suffered a great loss when tokens valued at an estimated $100 million USD were taken from India's domestic exchange.
But anything presents an opportunity for a real trader, and with Shiba's huge market capitalization and devoted following, it might well be a decent entry point for those who were unable to seize the moment when it was still low!
Real traders win their trades in this circumstances 💡
Risks are present if you enter now! but one thing is for sure, it will rise back soon enough!