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PEPE rose 30 percent from the bottom: Is the risk over? PEPE, a popular memecoin on the #Ethereum blockchain, rose nearly 30 percent from the bottom it created on December 20. PEPE fell 33 percent between December 18 and December 20. Following the decline, $PEPE fell to $ 0.00001441, creating a potential bottom. The popular memecoin bounced off $ 0.00001441 as the #Bitcoin ($BTC ) price began to recover. AMBCrypto analyzed PEPE's price movements in the last 24 hours. The analysis emphasized that the potential rise could continue. PEPE made a major price correction last week. According to AMBCrypto's analysis, PEPE, which showed signs of recovery after the correction, turned positive in metrics. A 39 percent increase was observed in PEPE's trading volume. The analysis suggested that the increase in trading volume was a bullish signal. While exits from central exchanges increased, the volume reaching $5 billion attracted attention. According to Santiment's data, buying pressure on $PEPE has started to increase recently. AMBCrypto made the following statements; "As buying pressure increases, confidence in a token also increases, which leads to price increases." In addition to the buying pressure, the fear and greed index also gave an upward signal. According to the analysis, the selling pressure has ended in PEPE, which reached the "extreme fear" phase with a value of 24 percent. Despite the positive data, whales were observed to sell their PEPE. #AMBCrypto warned that whales could create selling pressure. The analysis stated that the Relative Strength Index (RSI) increased, reflecting the buying appetite.
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Will Ether (ETH) recover? Crypto analyst Rekt Capital stated that the Ether ($ETH ) price could fall below $3,000. The crypto market has witnessed a huge outflow of money in the last few days. Fed Chairman Jerome Powell's statements about interest rates and strategic Bitcoin reserves caused the crypto market, especially $BTC , to decline. BTC, which fell below $100,000 due to the influence of the US, fell to $93,000 with a big drop. One of the cryptocurrencies most affected by this decline was Ether (ETH). The ETH price fell from $3,894 to $3,183. According to Rekt Capital, the Ether (ETH) price may remain between two important levels in the near term as it has difficulty holding above $4,000. ETH, after reaching a peak of $4,077 on December 6, could not hold on to this level. The analyst stated the following in his market report published on December 20: “ETH continues to struggle with the psychological resistance of $4,000.” Rekt Capital stated that $3,000, a level that ETH last touched on November 9, has become psychological support. According to the analyst, although it has shown a 10 percent recovery after falling to $3,100, the risk of a decline in #ETH continues. The analyst noted the following; “It is worth watching whether ETH can form a bottom in this region and its surroundings.” The analyst reported that ETH is about to form an inverse head and shoulders formation at current levels, indicating a change in trend. The formation, which means a reversal, is being followed together with the increasing money inflows of ETH supply on exchanges and spot ETH ETFs.
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These altcoins recovered at lightning speed: Bullish appetite! The leading crypto Bitcoin hosted major crashes on December 19 and December 20. The volatility of the BTC price disrupted the stability of altcoins. Altcoins, which have fallen between 30 and 45 percent in the last two days, have led to liquidations of over $2 billion. Hyperliquid (HYPE) #Hyperliquid (HYPE), a layer-1 blockchain that increases the efficiency and performance of decentralized finance (DeFi) applications, has become one of the most popular altcoins in recent weeks. HYPE has increased by 38 percent in the last 24 hours. Ethena (ENA) #Ethena ($ENA ), which has made a name for itself in the real world assets (RWA) field, increased by 31.9 percent in the last 24 hours. ENA, which gained fame with the successful progress of its stablecoins and its BlackRock partnership, managed to be at the top of the day. Virtuals Protocol (VIRTUAL) Virtuals Protocol (#VIRTUAL ), a platform that allows users to create and buy and sell artificial intelligence assistants, has left its mark on the last few months. VIRTUAL, which has come to the fore with the fame of artificial intelligence assistants, managed to be listed on Binance. VIRTUAL has increased by 26.3 percent in the last 24 hours. Movement (MOVE) Movement ($MOVE ), an ecosystem consisting of modular #MOVE -based blockchains, has gained great momentum since its launch. MOVE has increased by 25 percent in the last 24 hours. Sui (SUI) Sui ($SUI ), a layer-1 blockchain created with the Move language, was one of the altcoins that recovered the declines the fastest. Although #SUI approached $ 3.3 the previous day, it rose to $ 4.8 during the day. SUI has gained 20.8 percent in the last 24 hours.
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🧙♂️ Rumble announced that it received a strategic investment of 775 million dollars from Tether. 🧙♂️ On December 20th, spot #Bitcoin ETFs experienced an outflow of $227 million. Meanwhile, spot #Ethereum ETFs saw a net outflow of $75 million. 🧙♂️ The CEO of Tether announced that they plan to launch Tether AI at the end of the first quarter of 2025. $BTC $ETH $BNB #CorePCESignalsShift #ElSalvadorBTCReserve #BinanceAlphaAlert
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Panic selling by whales: Altcoins may hit the bottom! Ethereum ($ETH ), which has fallen below $ 3200, surprised with successive whale sales. The Ethereum price has lost more than 13 percent in the last 24 hours and fallen below $ 3,200. The decline in question was triggered by large-scale sales by #ETH whales and the Ethereum Foundation. With the breakdown of the $ 3,500 support, there were large liquidations in long positions. Analysts predict that the next support level will be around $ 2,800. During the general collapse in the crypto market, Ethereum whales created a negative atmosphere on the parity by selling in large amounts. Onchain analysis platform Lookonchain reported that a whale deposited 22,746 ETH ($ 77.7 million) of Ethereum into Binance and withdrew the stablecoin to pay off his debts. Over the past two days, the same whale has deposited a total of 31,968 ETH ($122.3 million) to Binance. Another whale transferred 49,910 #ETH ($170 million) to Binance in the past eight hours and then withdrew 137.8 million worth of the stablecoin. These sales caused a sharp drop in the Ethereum price, creating huge selling pressure on the pair. Ethereum, which has been on a downward trend since $4,000, lost 17.5 in value in a short time. The Ethereum Foundation continues to make strategic sales during periods when the ETH price reaches peak levels. Two days ago, when the Ethereum price was $4,000, the Foundation sold 100 more ETH from its holdings. According to Arkham Intelligence data, the Ethereum Foundation has sold a total of 4,466 ETH ($12.6 million) in the past year. 15 of these transactions were made at levels close to the market peak. The sales in question show that the #Ethereum Foundation is evaluating price peaks strategically.
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