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Ethereum Risk-To-Reward Ratio Is ‘Too Good To Pass Up’: Top Analyst Sets $6,000 Target After an 11% drop from local highs, Ethereum is at a crucial demand level. Analysts and investors worry that missing this level might spark aggressive sell-offs and decrease ETH prices. However, famous expert Ali Martinez has released an optimistic technical analysis, noting a solid Ethereum chart risk-to-reward setup. Martinez believes Ethereum's present level is a good entry opportunity and might rise further if it retains support. The US election tomorrow might dramatically impact market sentiment, making this bounce more notable. Many crypto investors expect election results to spark a surge, with Ethereum poised to profit. Everything will depend on whether ETH can defend this demand zone in the following days to confirm or challenge market optimistic predictions. Ethereum's price is crucial for now, and the market is monitoring for direction amid the election and economic uncertainty. Does Ethereum Survive Key Demand? Ethereum is at $2,450, which experts consider a key “last line of defense” for bulls. Ethereum might fall more if this level fails, putting it at danger of lagging Solana or Bitcoin, which have lately showed greater strength. The next few days or hours might decide Ethereum's fate as it consolidates near $2,450. Martinez wants ETH to develop strength and challenge local highs to suggest buyers are in. Ethereum's price movement will show whether it can recover or fall further. The $2,450 support is crucial for ETH's short-term direction. ETH Tech Analysis After failing to breach below $2,400, Ethereum (ETH) rebounded to $2,450. Bulls think ETH will rise if Bitcoin breaks above its all-time high, and this resilience is promising. However, this important support level alone cannot maintain an upswing. To confirm momentum and a positive outlook, bulls must lift the price above the 200-day exponential moving average (EMA), $2,762. #Ethereum #ETH #EthereumWhitepaper #NovemberMarketAnalysis $ETH
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Daily Shiba Inu Shibarium Transactions Rise to 4.68 Million; Will This Push SHIB's Price? SHIB is now trading at $0.00001677 and is down in both the seven-day and 30-day periods. The increase in activity has given SHIB investors something to monitor to see whether it can push the token's price closer to $0.00008. Shibarium Transactions Rise Shibariumscan reports 4.68 million layer-2 network transactions in the previous 24 hours, starting November well. Shibarium has completed 13.4 million transactions in November just three days. A deeper look at transaction data shows daily network activity rising. In particular, Shibarium scan data reveals 4.21 million transactions on November 1, 4.53 million on November 2, and 4.68 million on November 3. Interesting, this is 103,800% more than the 6,540 transactions on Sunday, October 27. With this rise in activity, the Shiba Inu community is interested in SHIB and associated tokens like BONE, which benefits from Shibarium. boosted transaction activity has boosted BONE tokens recouped as transaction fees, which is good for SHIB burns. Because Shibarium exchanges BONE fees for SHIB tokens. The SHIB supply decreases when these tokens are burnt and permanently deleted. According to Shibarium, SHIB's price may rise to $0.00008. Since its introduction, Shibarium has been a key component of the Shiba Inu ecosystem. Thus, the rise in Shibarium activity is a precursor to the SHIB price returning to its all-time high of $0.00008. SHIB is now trading at $0.00001677, down from $0.000017 in 24 hours. Getting to $0.00008 would be a difficult climb, but continued rise in Shibarium use might support future price gains. The first stage for a rebound to $0.00008 is SHIB bulls setting a price floor around $0.000017 or $0.0000165 to stop further losses. However, November and the US elections should be good for SHIB and the crypto business. #NovCryptoOutlook #SHIB #OctoberCryptoFundingSurge $SHIB
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Why An Expert Analyst Claims This Is The Best Time To Invest In XRP—Before The Price Reaches $10
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Shiba Inu Team Member Reveals Post-US Presidential Expectations Lucie, the Shiba Inu marketing head, predicted a November bull run on social networking platform X and planned to invest in many promising cryptocurrencies. The Shiba Inu team member recently said that November would be a key month for the crypto market, adding to the anticipation. With the US presidential election only hours away, Americans will cast their votes. Crypto investors believe the election will transform the crypto trading scene regardless of the result. Shiba Inu Teammate Says November Will Be Dramatic Lucie says “November is set to be dramatic” for crypto. Lucie means a spectacular market playout that might rally numerous cryptocurrencies this month. The U.S. election and worldwide political developments have produced economic uncertainty and shakiness, albeit she bases her prognosis on them. Lucie anticipates most bull run inflows will go into Bitcoin. This would help the dominant crypto asset to retain its market domination established in 2024. Lucie anticipates Bitcoin supremacy will lead to an altcoin bull run, playing into crypto market players' predictions of an altcoin season. Lucie wants to profit from this cryptocurrency bull run by buying “established tokens.” Shib, Bone, and Leash, Shiba Inu ecosystem coins, are her investing focus. Lucie's interest in these coins matches her dedication to Shiba Inu as its marketing lead and ecosystem evangelist. Her concentration on these assets shows her anticipation for their future beyond the November bull run. Crypto Industry Outlook After US Presidential Elections Previous US presidential elections have been good for Bitcoin and the industry, regardless of the result. History reveals Bitcoin has never dropped below its election day price and always gone stratospheric following a US election. Crypto investors are optimistic again due to market dynamics. According to a recent study. #OctoberCryptoFundingSurge #NovemberMarketAnalysis #BTCMiningRevenue $BTC $SHIB
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As the US presidential election approaches, analysts expect Bitcoin volatility
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