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🚨JUST IN:🚨$ETH

🔴Ethereum developers express worry

regarding Vitalik's proposal to

raise the gas limit, citing potential issues.
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Why #Bitcoin pumped to almost 48k and Dumped ... yesterday ....

Here's a summary of the situation, which took place on Tuesday, January 9th, 2024:

The SEC's official X account (previously Twitter) was acclaimed to be hacked.

The hacked account posted a false tweet at 4:11pm EST claiming the SEC had approved Bitcoin #etf ETFs.

This caused the price of Bitcoin to briefly surge to near $48,000.

SEC Chairman Gary Gensler quickly clarified that the tweet was fake and the account had been compromised.

The SEC confirmed they haven't approved any Bitcoin ETF applications.

Bitcoin's price then dropped back down following this clarification.

The whole situation looks uncertain .... Follow to stay informed ...

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🚀Ethereum (ETH) Price Poised for 2-3x Gains As Per These On-Chain Indicators 📈💎

As Bitcoin breaks past $45,000 post Bitcoin ETF approval, altcoins join the celebration, with Ethereum (ETH) surging by 5% and inching closer to $2,400. Excitingly, on-chain indicators paint a bullish picture, indicating potential gains of 2-3x for Ethereum in the near future!

1. MVRV Data Predicts a Bullish Rally for Ethereum!

The MVRV data suggests that Ethereum's current price is undervalued, setting the stage for a rally towards $5,100 and beyond. 🚀 Renowned analyst Ali Martinez sees a promising path ahead for ETH, highlighting a lack of significant supply barriers. Predictions are buzzing with confidence, hinting at a possible rally to $10,000 by the year's end.

2. Key Price Targets Unveiled by Ethereum MVRV Pricing Bands!

In insights shared by Ali Martinez, Ethereum's MVRV Pricing Bands indicate crucial price targets at $3,830 and $5,100. This analysis provides valuable guidance for investors, offering insights into potential future price movements in the Ethereum market. 📊💡

📈 ETH Exchange Supply Drops Sharply: A Bullish Sign!

Adding to the optimism, Ethereum's supply on exchanges hits an all-time low, currently representing only 8.04% of the total ETH supply. 📉 This unprecedented drop suggests a potential reduction in selling pressure on ETH, acting as a bullish indicator for investors. The decreasing exchange supply aligns with the positive forecast for Ethereum's price trajectory.

🌐 For the latest updates in the crypto market, follow The Blockopedia! 🌐💡

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100% ETH will reach today $ 2325 accounding to my experience
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🚨BREAKING🚨
Etherscan has acquired Solscan.

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📉 Ethereum Slides Below $2,300: A Trend Reversal in Progress?

📉 Bearish Signals Dominate as Ethereum Faces Resistance

Despite Ethereum's journey toward the upper resistance beyond $2500, the bears staunchly resisted, holding the line just below $2400. Persistent attempts to breach the ascending trend line resulted in the formation of a discernible bearish pattern, signaling a challenge for the bulls amidst accumulating selling pressure.

🐻 Bearish Indicators Pave the Path: Will the Downtrend Persist?

Ethereum exhibits several reversal indications, pointing towards an impending bearish price action. Despite these bearish signals, the current trade scenario suggests a potential bullish monthly close, teasing a fresh yearly trade between $2300 and $2350. The delicate balance hints at a possible bullish reversal on the horizon.

📈 Analyzing Recent Trends and Potential Reversal:

Since October's shift from lower support, Ethereum's rally maintained an ascending trend, reaching highs around $2,446. However, it fell short of breaking above the critical trend line that could have propelled it toward $2,500. The ongoing price action, seen as a continuation of the prior bearish trend, hints at an imminent rebound.

📊 Technical Analysis Insights:

Notably, the DMI (Directional Movement Index) is turning bearish, with the ADX (Average Directional Index) experiencing a plunge, and other signal lines poised for a bearish crossover. This signals a potential for Ethereum's price to print a few more bearish candles, testing support at approximately $2,179, with prospects for a healthy rebound.

🔍 Looking Forward: Bullish Strength and Key Resistance Levels

While a rebound is anticipated, concerns linger about bullish strength. A significant upswing may only materialize if Ethereum successfully surpasses the formidable ascending trend line, a historical resistance level.

📊 Stay Tuned for Crypto Insights: Follow for Real-Time Updates on The Blockopedia!

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PAIR $ETH /USDT
- Direction: Short
Cross (100X)

Entry Targets:
2592.03

Take Profits:
1)2566.11
2)2540.19
3)2514.27
4)2488.35
5)2462.43
6)2436.51

✖️ Invalidation Price:
2851.233
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ETH🔹 analytics
Waiting for traffic
Globally: the previous forecast worked perfectly - the ether is moving very predictably sideways. What awaits us next?
I think that the asset will not surprise us with sharp movements, so we will repeat the movement we observed yesterday, namely: fluctuations in the interval of 2600-2500
📈📈📈
Locally: the asset is now in an upward movement, which will reach the resistance zone 2680, from where a small corrective movement will begin
Resistances: 2690, 2720, 2780.
Endorsements: 2460, 2440, 2400
$ETH
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