Ethereum’s technical analysis and on-chain signals currently are very similar to the patterns observed in the early 2017 bull run. 😌🤞
Back then Eth saw gains exceeding 25,000%!!
A noticeable indicator is the appearance of a Dragonfly Doji candlestick on the monthly chart, a pattern that historically signals a potential bullish reversal. 🔥
This candlestick formation has a long lower wick and a close near the opening level, suggesting a rejection of lower prices and a possible shift in market control back to the upside.
In December 2016, a similar pattern happened and Ethereum surged from under $6 to over $1,400 within a year.
My honest feeling is that we will experience the long awaited altseason with ethereum possibly outperforming Bitcoin and most of the altcoins. 😉
Despite the economic uncertainty, the recent intense buying activity from major investors indicates a growing confidence in Bitcoin and the potential for the upward trend to continue after may or june. 😌🤞
Solana reached a crucial support price this month, outpacing Bitcoin and Ethereum. The rally is driven by recent Coinbase upgrades and anticipation around Canada’s spot Solana ETF.
Binance has been leading the crypto market volume during Q1 of this year and Altcoins may be primed for a significant comeback in Q2 2025. 😌🤞
While Bitcoin is reaching a 4 year high in market dominance, i think altcoins are ready for a breakout as improved regulations and economic incentives shift market sentiment.
After the latest news from US President Donald trump wanting to Ban trading of stocks and crypto among congress members the Federal Reserve Chair Jerome Powell has acknowledged the growing mainstream presence of cryptocurrencies. 😎
He said that the Federal Reserve is collaborating with Congress to develop a regulatory framework for stablecoins.
He emphasized the potential widespread appeal of stablecoins and the necessity of establishing consumer protection measures.
Circle the Company of Usdc has identified potential risks associated with USDT. 😬
They admit that negative developments related to USDT or perceived instability could undermine trust in other stablecoins, including Usdc issued by Circle.
Temporary price dislocations in the secondary market like we had today with Fdusd or a complete run on USDT could lead to sustained redemption demands or similar price dislocations for Circle's stablecoins.
When people think of BNB, they often see it as just an exchange token, but it’s so much more than that. BNB is the backbone of the BNB Chain ecosystem, powering DeFi, NFTs, gaming, and beyond.
Why does the price of Bitcoin not reflect all the constant big buying from institutions? 🤔
MicroStrategy’s aggressive acquisition of bitcoin has propelled its shares to increase by over 2,500% in the past five years.
MicroStrategy currently holds 528,185 BTC on its balance sheet and has been consistently purchasing large amounts of bitcoin weekly, primarily funded through common share issuance and sales of its initial preferred series STRK.
Sometimes i find myself staring at the charts unsure if i should buy or sell. 😬
If you ever feel the same way, a good alternative are the Binance Spot Grid Trading Bots.
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A while back during an Ama i had suggested Binance to add bonus rewards for Eth Staking similar to the ones from Bnsol, and they finally did it! 🥳
Binance Earn has launched a new Earn Yield Arena , a campaign hub where we can easily participate in multiple campaigns with exclusive rewards of up to $1M. 🔥