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#Ethereum(ETH)
Now, let's talk numbers. Ethereum's sitting pretty at $2,906, up almost 4% in a day and a massive 16.51% in a week. And check out that trading volume – it's shot up by over 53% to a crazy $26.65 billion. This ain't just luck, folks; it's a damn vote of confidence in Ethereum. And what's got everyone hyped? The big boys are eyeing this move. When whales like this start throwing their weight around, it's usually 'cause they smell profit. Analysts are whispering about big-money players jumping in, pushing Ethereum even closer to that sweet $3,000.
What's your hinch about ETH next move?
#Write2Earn #ETH's #Ethereum(ETH)
‼️ This is not a financial advice, please DYOR.
Now, let's talk numbers. Ethereum's sitting pretty at $2,906, up almost 4% in a day and a massive 16.51% in a week. And check out that trading volume – it's shot up by over 53% to a crazy $26.65 billion. This ain't just luck, folks; it's a damn vote of confidence in Ethereum. And what's got everyone hyped? The big boys are eyeing this move. When whales like this start throwing their weight around, it's usually 'cause they smell profit. Analysts are whispering about big-money players jumping in, pushing Ethereum even closer to that sweet $3,000.
What's your hinch about ETH next move?
#Write2Earn #ETH's #Ethereum(ETH)
‼️ This is not a financial advice, please DYOR.
🪙#ETHEREUM : #ETH's weekly chart is at the resistance of $2500. The price is currently attempting to break the $2500 level, and if the weekly close is above the resistance, then ETH is likely to target $3k. Also, keeping in mind that the RSI is not gaining momentum here and forming a bearish divergence. We will wait for the weekly close for better confirmation.
#Etite2Earn #PYTH #TrendingTopic
#Etite2Earn #PYTH #TrendingTopic
Are Dips Limited In ETH?
If Ethereum fails to clear the $2,825 resistance, it could start a downside correction. Initial support on the downside is near the $2,770 level. The next key support could be the $2,725 zone. A clear move below the $2,725 support might send the price toward the trend line at $2,700 or the 50% Fib retracement level of the recent rally from the $2,589 swing low to the $2,826 high. The main support could be $2,640 or the 100 hourly SMA. Any more losses might send the price toward the $2,550 level.
Technical Indicators
Hourly MACD - The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI - The RSI for #ETH/USDT.P is now above the 50 level. Major Support Level - $2,700
Major Resistance Level - $2,880
#Cryptocommunity #Write2Earn #ETH's #TrendingTopic
If Ethereum fails to clear the $2,825 resistance, it could start a downside correction. Initial support on the downside is near the $2,770 level. The next key support could be the $2,725 zone. A clear move below the $2,725 support might send the price toward the trend line at $2,700 or the 50% Fib retracement level of the recent rally from the $2,589 swing low to the $2,826 high. The main support could be $2,640 or the 100 hourly SMA. Any more losses might send the price toward the $2,550 level.
Technical Indicators
Hourly MACD - The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI - The RSI for #ETH/USDT.P is now above the 50 level. Major Support Level - $2,700
Major Resistance Level - $2,880
#Cryptocommunity #Write2Earn #ETH's #TrendingTopic
"Ethereum Soars: 2024 Rally Targets $3K Milestone amid Blockchain Boom and Web3 Adoption." #TrendingTopic
Ethereum's resurgence in 2024 appears to be poised for an impressive rally, with optimistic analysts anticipating a significant breakthrough of the psychologically crucial $3,000 milestone. This optimistic outlook is grounded in the sustained improvement of blockchain dynamics.
One notable factor contributing to Ethereum's bullish trend is the surge in utilization metrics. Analyst Leon Waidmann highlights a remarkable increase in the amount of ETH locked in various decentralized finance (DeFi) protocols, staking contracts, decentralized autonomous organizations (DAOs), and other applications, collectively reaching an all-time high of over 35% of the total circulation. This surge in utility not only underscores the robustness of the Ethereum network but also signals a growing demand and a deepening commitment from users over the long term.
Beyond being a speculative trading asset, Ethereum is now firmly establishing itself as a powerhouse in the global Web3 infrastructure. Leon Waidmann's forecast of a "massive price increase" is rooted in the ongoing adoption growth, as Ethereum continues to play a pivotal role in shaping the decentralized future of the internet.
As Ethereum evolves from a speculative asset to a fundamental driver of the Web3 ecosystem, the positive sentiment is fueled by the increasing integration of blockchain technology into real-world applications. The growing utilization of Ethereum across diverse sectors further reinforces its position as a transformative force in the world of decentralized finance, smart contracts, and beyond.
In essence, Ethereum's journey towards the $3,000 milestone is not merely a result of market speculation but is grounded in tangible factors such as increased utility and adoption. As the blockchain landscape matures and Ethereum solidifies its role in powering the next generation of internet infrastructure, the optimistic outlook for a substantial price increase gains credibility.
#Write2Earn #ETH's $ETH
Ethereum's resurgence in 2024 appears to be poised for an impressive rally, with optimistic analysts anticipating a significant breakthrough of the psychologically crucial $3,000 milestone. This optimistic outlook is grounded in the sustained improvement of blockchain dynamics.
One notable factor contributing to Ethereum's bullish trend is the surge in utilization metrics. Analyst Leon Waidmann highlights a remarkable increase in the amount of ETH locked in various decentralized finance (DeFi) protocols, staking contracts, decentralized autonomous organizations (DAOs), and other applications, collectively reaching an all-time high of over 35% of the total circulation. This surge in utility not only underscores the robustness of the Ethereum network but also signals a growing demand and a deepening commitment from users over the long term.
Beyond being a speculative trading asset, Ethereum is now firmly establishing itself as a powerhouse in the global Web3 infrastructure. Leon Waidmann's forecast of a "massive price increase" is rooted in the ongoing adoption growth, as Ethereum continues to play a pivotal role in shaping the decentralized future of the internet.
As Ethereum evolves from a speculative asset to a fundamental driver of the Web3 ecosystem, the positive sentiment is fueled by the increasing integration of blockchain technology into real-world applications. The growing utilization of Ethereum across diverse sectors further reinforces its position as a transformative force in the world of decentralized finance, smart contracts, and beyond.
In essence, Ethereum's journey towards the $3,000 milestone is not merely a result of market speculation but is grounded in tangible factors such as increased utility and adoption. As the blockchain landscape matures and Ethereum solidifies its role in powering the next generation of internet infrastructure, the optimistic outlook for a substantial price increase gains credibility.
#Write2Earn #ETH's $ETH
#Write2Earn here is a big boom 💥
A new coin listing in binance. 🔥🥵
coin :#strkusdt #TrendingTopic .
so ready to trade in this coin . 👍
#BTC #ETH's
A new coin listing in binance. 🔥🥵
coin :#strkusdt #TrendingTopic .
so ready to trade in this coin . 👍
#BTC #ETH's
