Ethereum (ETH) Price Analysis Ethereum (ETH) is showing a bullish bias, with strong ETF inflows and a positive funding rate drawing investors and helping maintain its current bullish momentum. However, investors must remain wary of a potential correction, with ETH’s exchange reserves growing. Spot Ethereum ETFs registered net inflows of around $43 million on Wednesday, bringing the total inflows over the past two days to a healthy $105 million. The inflows indicate renewed investor interest in the asset following months of subdued price action. Investors had predicted that ETH ETF’s subdued price action was possibly the result of their launch occurring during the holiday season.
Looking at the price chart, we see ETH pushed above the 50-day SMA on Friday, going above $2,500 and settling at $2,561. Sellers attempted to push ETH back below $2,500 on Saturday, but it rebounded from the 50-day SMA, registering an increase of 2.04% to go above $2,600 and settle at $2,614. Selling pressure increased on Sunday, allowing sellers to drive the price below $2,600 to $2,583 after a drop of 1.19%. However, buyers again countered the selling pressure as ETH posted an increase of 2.48% on Monday to climb back above $2,600 and settle at $2,647. Volatility spiked on Tuesday as sellers attempted to drive the price below $2,600. However, ETH recovered after dropping to a low of $2,593 and settled at $2,654 after a marginal increase.
The price saw a substantial drop on Wednesday, falling to $2,580 after a decline of almost 3%, but recovered on Tuesday, posting an increase of just over 2% to climb back above $2,600 and settle at $2,633. The current session sees ETH up by 1.22% and trading around the $2,665 mark. ETH has support building around $2,500, and buyers will look to prevent a breach of this level. On the other hand, sellers are actively defending the $2,700 level. If ETH can break above this level, it could move to the crucial $2,850 level.
Crypto Price Analysis 9-27 BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGECOIN: DOGE, RIPPLE: XRP, BITTENSOR: TAO, RENDER Bitcoin (BTC) went above the crucial $65,000 mark for the first time in four weeks and is up almost 3% over the past 24 hours. BTC’s move past $65,000 comes just ahead of the expiry of over $5.8 billion in options contracts, which analysts believe could increase volatility in the crypto markets. The jump seems to be driven primarily by monetary stimulus in the US and China, which led to crypto markets registering a substantial jump.
Nearly all major cryptocurrencies are in the green, led by Solana (SOL), which has been up over 5% in the past 24 hours, and Dogecoin (DOGE), which has been up almost 12%. Other major gainers include Polkadot (DOT), up 4%; Chainlink (LINK), up 5.35%; Bittensor (TAO), up almost 2%; and Render (RNDR), up just over 5%. The overall crypto market cap also registered a substantial increase, rising by nearly 2.5% to $2.29 trillion.
The 24-hour price movement of cryptocurrencies like Pepe Coin (PEPE) is highly speculative and uncertain due to the volatile nature of the crypto market. Many factors can affect the price, such as:
1. **Market Sentiment:** News or social media trends.
2. **Trading Volume:** Increase or decrease in buy/sell orders.
3. **Bitcoin's Price:** Altcoins often follow Bitcoin's price movements.
4. **Whale Activity:** Large holders of PEPE making significant trades.
5. **Technical Indicators:** Signals from chart patterns, moving averages, RSI, etc.
#HMSTRonBinance #BinanceLaunchpoolHMSTR #NeiroOnBinance "Players were all hyped for *Hamster Kombat Coin*, expecting an epic battle of tiny warriors. Instead, they got a hamster running in a wheel, endlessly mining crypto... at the speed of disappointment. Turns out, the only *fight* happening is between their patience and the realization that their digital rodent is more interested in hoarding sunflower seeds than actual victories."$HMSTR
THIS IS WHAT CHAT GPT HAVE SAY ABOUT HAMSTER KOMBAT LISTING
The Hamster Kombat (HMSTR) token is set to be listed on major exchanges starting on **September 26, 2024**. Although there hasn't been an official listing price confirmed, the token is currently trading in pre-market at around *$0.13 to $0.28* across various platforms like KuCoin, Bybit, and Gate.io The price could fluctuate after the official listing depending on market demand and trading volume
If you're looking to participate in the launch or are curious about its potential value, it may be wise to monitor its performance on exchanges like Binance and others where it will be listed.
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BINANCE FUTURES: Top Gainers 1. UXLINKUSDT: +30% 2. FIDAUSDT: +24% Top Losers 1. SAGAUSDT: -16% 2. DYMUSDT: -9%
LARGEST VOLUME (24h) 1. BTC/USDT ($27000m) 2. ETH/USDT ($16900m)
DAILY OUTLOOK FIDA, GHST, and IQ are leading the market as top gainers, indicating strong momentum. Meanwhile, Bitcoin is trading around $64K, but the decreasing Bitcoin Dominance suggests a potential shift in market dynamics. The decline in BTC.D could be a bullish signal for altcoins, as investors might be rotating capital into alternative assets, fueling a broader altcoin rally. This environment presents an optimistic outlook for altcoins in the near future.
Ondo (ONDO) Ondo is in a consolidation phase, but its stability hints at imminent growth. Currently trading just under the key resistance of $0.69, a breakout could see the coin climb nearly 20% to $0.76. ONDO’s recent weekly gain of over 6% signals that bulls are quietly accumulating, and with increased interest, this altcoin could experience a sharp upward move in tandem with Bitcoin’s rise.hints at upward potential. However, the relative strength index reads just above fifty, indicating balance between buyers and sellers. If momentum builds, Ondo could aim for the near-term resistance of sixty-nine cents, a climb of about eight percent from its current range. Despite recent stability, reaching the higher mark of seventy-six cents would mark a strong comeback, nearly twenty percent up.
Bitcoin (BTC) Bitcoin is poised for a significant move as it hovers around the high fifty-thousands, with bulls eyeing the key resistance of $64K. Despite some market hesitation, BTC has shown resilience, gaining 7.67% this week. If momentum picks up, the long-anticipated $70K mark could be within reach, offering a promising 14% upside. While some bearish signals linger, Bitcoin’s overall trend points towards a strong recovery, and investors are gearing up for its next big move.