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ElliotsCrypto
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Can Ethereum Crack $4,000? On-Chain Activity and Price Pattern Suggest So đŸ’„đŸ’„ Amid whale accumulation, the rising Ethereum price is poised to challenge the chart pattern leading the current correction trendline, Enter this breakout? Since the completion of the fourth Bitcoin halving on April 19th, the Ethereum Price has maintained a steady recovery evidenced by the new higher low formation in daily charts. While the broader market is still limited by the growth in Ether, the coin price managed to rebound from $2870 to $3335 recording a 17% growth. An analysis of the daily chart shows the ETH price is close to a pivotal point amid the development of a falling wedge pattern. Ethereum Price to Regain Momentum If Buyers Break This Resistance 👀 The short-term outlook for #Ethereum  suggests a bearish trend, as evidenced by the price movement within the descending trendline of a falling wedge pattern. However, the chart setup is known for recruiting bullish momentum and resuming the prevailing rallies. According to on-chain data analyzed by Lookonchain, prominent investor James Fickel has been actively accumulating Ethereum (ETH) while maintaining a long position on the ETH/BTC trading pair.  🚀 Source: Coinpage #EthereumPower #eth $ETH

Can Ethereum Crack $4,000? On-Chain Activity and Price Pattern Suggest So đŸ’„đŸ’„

Amid whale accumulation, the rising Ethereum price is poised to challenge the chart pattern leading the current correction trendline, Enter this breakout?

Since the completion of the fourth Bitcoin halving on April 19th, the Ethereum Price has maintained a steady recovery evidenced by the new higher low formation in daily charts.

While the broader market is still limited by the growth in Ether, the coin price managed to rebound from $2870 to $3335 recording a 17% growth. An analysis of the daily chart shows the ETH price is close to a pivotal point amid the development of a falling wedge pattern.

Ethereum Price to Regain Momentum If Buyers Break This Resistance 👀

The short-term outlook for #Ethereum  suggests a bearish trend, as evidenced by the price movement within the descending trendline of a falling wedge pattern. However, the chart setup is known for recruiting bullish momentum and resuming the prevailing rallies.

According to on-chain data analyzed by Lookonchain, prominent investor James Fickel has been actively accumulating Ethereum (ETH) while maintaining a long position on the ETH/BTC trading pair.  🚀

Source: Coinpage

#EthereumPower #eth

$ETH

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Would you like Cz to write a book during the 4-month silent period (JAİL)? A great journey from Mcdonalds to Binance founder. Damn can't wait for it....I asked him about this in X comments about few day ago but he didn't see my comment 😅 someone write same point and he replied so.... yesss it will be best seller book no doubt. @CZ Is there any information about the content of the book for the Elliot family? $BNB
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267% Spike in Shiba Inu Token Transaction Fees Stuns Shibarium #Shibarium , the Layer-2 blockchain solution catering to the #Shibalnu community, has experienced a significant surge in transaction fees, marking a notable 267% increase over the past 24 hours. Data sourced from Shibariumscan indicates a substantial rise in gas commissions paid in BONE, the native token of the Shiba Inu ecosystem, from 11.57 BONE to 30.98 BONE. This surge in fees can be attributed to heightened network activity, likely spurred by increased interest in Shiba Inu tokens amid recent market fluctuations. As investors seek to capitalize on opportunities within the ecosystem, transaction volumes on the Shibarium network have surged, resulting in elevated transaction fees. What is Shiba Inu's #BONE ?👀 For those who don't know, BONE serves a crucial role within the Shiba Inu ecosystem. Apart from covering transaction fees on the Shibarium network, each transaction involving BONE contributes to the burning of SHIB tokens. A portion of the BONE transaction fee is converted into SHIB tokens and sent to the dead wallet, thereby reducing the overall token supply and potentially increasing scarcity. The implications of this spike in transaction fees prompt important considerations regarding the future trajectory of Shiba Inu's network and its associated tokens. Questions arise regarding whether this surge in fees indicates sustained growth in activity within the Shiba Inu ecosystem and how Shibarium plans to address the growing demand while ensuring continued efficiency and scalability. Furthermore, amid broader market uncertainties, particularly with prevailing bearish sentiments, the implications for SHIB and BONE are of particular interest to investors. $SHIB
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Daily Chart on #LEVER still on accumulating phase... have already good bag but wanna add more so still waiting a good dip. I think it was the easiest and most comfortable investment of the last 4 months. Already we all sitting on 2x thats why 0 stress with it. $LEVER
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Toncoin Spikes on Notcoin Rollout as Bitcoin, Ethereum Trade Flat With a Notcoin token launch set and Binance and OKX rewards revealed, Toncoin (TON) is flying high. Toncoin, the native cryptocurrency of The Open Network (TON), is one of the biggest gainers atop the crypto markets Thursday amid launch news about one of the network’s most anticipated tokens. And it comes as the two largest overall coins, Bitcoin and Ethereum, have barely moved over the last day. Much of the gains came after The Open Network project Notcoin, a viral Telegram-based game, announced that its anticipated token NOT will be launched on May 16. The project attracted 35 million players ahead of April 1, when the “mining phase” ended, and the launch has been on the horizon for weeks amid a couple of previously missed listing targets. One of the biggest TON price increases so far on Thursday came shortly after crypto exchange Binance announced that it would offer billions of NOT tokens as rewards to its customers via pre-listing staking rewards. (By Andrew Hayward) #Notcoin. $BTC
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Reimagine Bitcoin with BounceBit: A Secure, High-Yield Future for BTC 👀 First Binance Megadrop Project Bitcoin certainly Needs a Boost! âšĄïž & BounceBit Delivers: The game of #Bitcoin Layer 2 solutions is getting a shakeup! BounceBit emerges as a revolutionary new chain, ditching L2 for a bold L1 approach whilst Unlocking the true potential of BTC. Here's how it breaks the mold & offers: đŸ„‡Compliments the entire BTC ecosystem through its ‱ introducing BTC restacking & Dual-token security: Validators lock up BOTH BounceBit tokens and their BTC. This strengthens the network AND makes holding BTC more valuable. ‱ No limitations: Unlike Layer 2 solutions, BounceBit is independent, allowing for more innovation on top of Bitcoin. ‱ Works with DeFi: BounceBit plays nicely with popular DeFi platforms (think: Ethereum!) through wrapped BTC like WBTC and BTCB while allowing possibilities for full EVM interoperability! đŸ„ˆAllows for Transparent CeFi for Yield-Bearing Bitcoin; This approach allows them operate as a CeDeFi product which helps boosts liquidity and trust in CeFi by bringing transparency to yield generation for Bitcoin. With their chain's already live with a testnet running and ton of dapps/pre built protocols already live and running on its bouncebit club. To participate on bouncebit megadrop, Here's everything you need to do ‱ Subscribe to BNB Locked Products and/or complete all stated quest Under the [Quest] tab, you can see on BounceBit quest. You’ll also see the participation period, reward distribution to accrue scores. To complete Web3 Quests, make sure you have at least one active Binance Web3 Wallet. Create your first Web3 Wallet now if you have not yet done so. ‱ After completing all the designated Web3 Quest(s), click on the [Verify] button at the Megadrop project page before the Quest Period ends to successfully obtain the Web3 Quest Bonus and Web3 Quest Multiplier. ‱ Receive Megadrop rewards based on your Total Score. #BOUNCEBITLAUNCHPOOL #bouncebit
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