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I hope those who followed my this BTC market update were able to save themselves from this crash 🤝
LIVEHUB_master
--
Төмен (кемімелі)
#BTC_UPDATE
As anticipated in our previous update, the market followed a bearish trajectory after rejecting from the 70k-71k resistance zone. The price action confirmed our expectations with a short-term consolidation around the 66k level, followed by a move upward to take liquidity above the 70k level. After this liquidity grab, the market began to fall, aligning with our forecast.
Currently, the market is expected to consolidate between 67k to 69k in the short term. Traders should note that there is still significant liquidity above the 72k level, which might attract price action in the future. However, caution is advised as the market may exhibit volatile movements within this range.
As anticipated in our previous update, the market followed a bearish trajectory after rejecting from the 70k-71k resistance zone. The price action confirmed our expectations with a short-term consolidation around the 66k level, followed by a move upward to take liquidity above the 70k level. After this liquidity grab, the market began to fall, aligning with our forecast.
Currently, the market is expected to consolidate between 67k to 69k in the short term. Traders should note that there is still significant liquidity above the 72k level, which might attract price action in the future. However, caution is advised as the market may exhibit volatile movements within this range.
ETH is trading inside a bear flag, and it has already hunted its tradeline resistance, it may move towards 3885$ again to retest its tradeline resistance and from there we expect to see a clear rejecting.
$BNB has broken through the resistance line of the bullish pennant pattern it had been trading in for the last 55 days. As predicted, the market showed significant upward movement after this breakout.
The breakout is now confirmed, and BNB is showing strong momentum towards our target zone of $800. The recent price action validates our bullish outlook. Traders should remain optimistic, as the market is moving exactly as expected and the bullish trend towards $800 remains intact. 🏄♂️
The breakout is now confirmed, and BNB is showing strong momentum towards our target zone of $800. The recent price action validates our bullish outlook. Traders should remain optimistic, as the market is moving exactly as expected and the bullish trend towards $800 remains intact. 🏄♂️
$FRONT
Congratulations to everyone who followed my FRONT update & signal! We’ve now hit a 70% profit, period only 18 day 4 hour ✅
To secure gains, close 50% of your position and hold the remaining 50% for midterm potential.
Great job, and stay tuned for more updates!🤝
Congratulations to everyone who followed my FRONT update & signal! We’ve now hit a 70% profit, period only 18 day 4 hour ✅
To secure gains, close 50% of your position and hold the remaining 50% for midterm potential.
Great job, and stay tuned for more updates!🤝
#GOLD is currently trading within the (POI) zone. A strong bullish reaction here could signal an upward move towards the (FVG) zone.
If the price fails to hold, look to the extreme order block for long-term entry opportunities. The weekly liquidation area remains a key level for potential strong upward movement in the coming weeks. Monitor these levels closely.
If the price fails to hold, look to the extreme order block for long-term entry opportunities. The weekly liquidation area remains a key level for potential strong upward movement in the coming weeks. Monitor these levels closely.
Currently $BTC is trading inside a pennant pattern and now is facing It's tradeline resistance. If market can take Break out this tradeline resistance, then market can grab liquidity above 72k 📈📉
The TRB/USDT market is currently consolidating above the SMT zone, indicating a period of sideways movement. This consolidation suggests that the market is gathering strength for a potential move.
The market is expected to dip towards the inducement zone around $70-$80 to gather liquidity. After this correction, a significant bullish move is anticipated, potentially driving the price towards the $200 level. Traders should watch the $70-$80 range for potential buying opportunities, as the market shows signs of a bullish continuation after this liquidity capture.
Monitoring the price action within the SMT zone and the inducement zone will be crucial for identifying the next major move in the TRB/USDT market.
The market is expected to dip towards the inducement zone around $70-$80 to gather liquidity. After this correction, a significant bullish move is anticipated, potentially driving the price towards the $200 level. Traders should watch the $70-$80 range for potential buying opportunities, as the market shows signs of a bullish continuation after this liquidity capture.
Monitoring the price action within the SMT zone and the inducement zone will be crucial for identifying the next major move in the TRB/USDT market.
#ZRX_UPFATE
ZRX is currently experiencing a pullback after taking liquidity above $0.58 and is now trading above its liquidation area. This zone is expected to act as a strong support. If the market holds above this area, we anticipate a potential bounce back towards the $0.70 target. Congratulations to those who followed the previous update and booked profits. Continue to monitor the support zone and adjust your positions accordingly
ZRX is currently experiencing a pullback after taking liquidity above $0.58 and is now trading above its liquidation area. This zone is expected to act as a strong support. If the market holds above this area, we anticipate a potential bounce back towards the $0.70 target. Congratulations to those who followed the previous update and booked profits. Continue to monitor the support zone and adjust your positions accordingly
#BTC_UPDATE
As anticipated in our previous update, the market followed a bearish trajectory after rejecting from the 70k-71k resistance zone. The price action confirmed our expectations with a short-term consolidation around the 66k level, followed by a move upward to take liquidity above the 70k level. After this liquidity grab, the market began to fall, aligning with our forecast.
Currently, the market is expected to consolidate between 67k to 69k in the short term. Traders should note that there is still significant liquidity above the 72k level, which might attract price action in the future. However, caution is advised as the market may exhibit volatile movements within this range.
As anticipated in our previous update, the market followed a bearish trajectory after rejecting from the 70k-71k resistance zone. The price action confirmed our expectations with a short-term consolidation around the 66k level, followed by a move upward to take liquidity above the 70k level. After this liquidity grab, the market began to fall, aligning with our forecast.
Currently, the market is expected to consolidate between 67k to 69k in the short term. Traders should note that there is still significant liquidity above the 72k level, which might attract price action in the future. However, caution is advised as the market may exhibit volatile movements within this range.
A Comprehensive Guide to Mining Pepe and Withdrawing to Trust Wallet
Introduction:
With the rise of digital assets and decentralized finance (DeFi), cryptocurrencies have become a popular investment avenue. One such intriguing token is Pepe, which has gained attention for its unique characteristics and community engagement. In this guide, we'll explore how to mine Pepe and safely withdraw it to a Trust Wallet, a popular choice among cryptocurrency enthusiasts.
Understanding Pepe:
Pepe is a cryptocurrency token built on blockchain technology, known for its vibrant community and memes. It operates on various blockchain networks, including Ethereum and Binance Smart Chain (BSC), allowing users to interact with it across different platforms. Pepe serves both as a digital asset and a means of engaging with the Pepe community through decentralized applications (DApps).
Mining Pepe:
Mining Pepe involves validating transactions and securing the network through a process called proof-of-work (PoW) or proof-of-stake (PoS), depending on the blockchain network it operates on. Here's how you can mine Pepe:
Choose the Right Mining Equipment: If Pepe operates on a PoW algorithm like Ethereum, you'll need specialized hardware such as GPUs (Graphics Processing Units) to mine efficiently. For PoS-based networks like Binance Smart Chain, you can stake Pepe tokens to earn rewards.
Join a Mining Pool: Joining a mining pool increases your chances of earning rewards by combining computational resources with other miners. Look for reputable mining pools with a good track record and reasonable fees.
Download Mining Software: Depending on the mining algorithm, download and install the appropriate mining software compatible with your hardware. Configure the software with your mining pool's details and start mining Pepe.[ Visit our (Twitter) X & TG channel : @DoctorCryptoHUB ]
Monitor and Optimize: Keep an eye on your mining operation's performance and adjust settings to optimize efficiency. Factors like hardware temperature, power consumption, and network difficulty influence your mining rewards.
Withdrawing Pepe to Trust Wallet:
Once you've successfully mined Pepe tokens, you can withdraw them to your Trust Wallet for safe storage and easy access. Here's a step-by-step guide:
Create a Trust Wallet: If you don't have a Trust Wallet already, download it from the official app store and set it up. Make sure to securely store your recovery phrase.
Obtain Your Pepe Wallet Address: In your Trust Wallet, navigate to the Pepe token and locate your wallet address. This address serves as your unique identifier for receiving Pepe tokens.
Withdraw Pepe from Mining Pool: Access your mining pool account and initiate a withdrawal request. Enter your Trust Wallet's Pepe address as the destination for the withdrawal.
Confirm Withdrawal: Follow the prompts to confirm the withdrawal request, ensuring that you've entered the correct wallet address. Double-check the transaction details to avoid any errors.
Wait for Confirmation: Depending on network congestion and transaction fees, it may take some time for the withdrawal to be processed and confirmed on the blockchain.
Verify Transaction: Once the withdrawal is confirmed, you should see the Pepe tokens reflected in your Trust Wallet balance. You can now securely store, trade, or stake your Pepe tokens directly from your Trust Wallet.
Conclusion:
Mining Pepe and withdrawing it to Trust Wallet opens up opportunities for earning rewards and actively participating in the Pepe community. By following the steps outlined in this guide and staying informed about blockchain technology and cryptocurrency trends, you can navigate the world of digital assets with confidence and security.
$PEPE
With the rise of digital assets and decentralized finance (DeFi), cryptocurrencies have become a popular investment avenue. One such intriguing token is Pepe, which has gained attention for its unique characteristics and community engagement. In this guide, we'll explore how to mine Pepe and safely withdraw it to a Trust Wallet, a popular choice among cryptocurrency enthusiasts.
Understanding Pepe:
Pepe is a cryptocurrency token built on blockchain technology, known for its vibrant community and memes. It operates on various blockchain networks, including Ethereum and Binance Smart Chain (BSC), allowing users to interact with it across different platforms. Pepe serves both as a digital asset and a means of engaging with the Pepe community through decentralized applications (DApps).
Mining Pepe:
Mining Pepe involves validating transactions and securing the network through a process called proof-of-work (PoW) or proof-of-stake (PoS), depending on the blockchain network it operates on. Here's how you can mine Pepe:
Choose the Right Mining Equipment: If Pepe operates on a PoW algorithm like Ethereum, you'll need specialized hardware such as GPUs (Graphics Processing Units) to mine efficiently. For PoS-based networks like Binance Smart Chain, you can stake Pepe tokens to earn rewards.
Join a Mining Pool: Joining a mining pool increases your chances of earning rewards by combining computational resources with other miners. Look for reputable mining pools with a good track record and reasonable fees.
Download Mining Software: Depending on the mining algorithm, download and install the appropriate mining software compatible with your hardware. Configure the software with your mining pool's details and start mining Pepe.[ Visit our (Twitter) X & TG channel : @DoctorCryptoHUB ]
Monitor and Optimize: Keep an eye on your mining operation's performance and adjust settings to optimize efficiency. Factors like hardware temperature, power consumption, and network difficulty influence your mining rewards.
Withdrawing Pepe to Trust Wallet:
Once you've successfully mined Pepe tokens, you can withdraw them to your Trust Wallet for safe storage and easy access. Here's a step-by-step guide:
Create a Trust Wallet: If you don't have a Trust Wallet already, download it from the official app store and set it up. Make sure to securely store your recovery phrase.
Obtain Your Pepe Wallet Address: In your Trust Wallet, navigate to the Pepe token and locate your wallet address. This address serves as your unique identifier for receiving Pepe tokens.
Withdraw Pepe from Mining Pool: Access your mining pool account and initiate a withdrawal request. Enter your Trust Wallet's Pepe address as the destination for the withdrawal.
Confirm Withdrawal: Follow the prompts to confirm the withdrawal request, ensuring that you've entered the correct wallet address. Double-check the transaction details to avoid any errors.
Wait for Confirmation: Depending on network congestion and transaction fees, it may take some time for the withdrawal to be processed and confirmed on the blockchain.
Verify Transaction: Once the withdrawal is confirmed, you should see the Pepe tokens reflected in your Trust Wallet balance. You can now securely store, trade, or stake your Pepe tokens directly from your Trust Wallet.
Conclusion:
Mining Pepe and withdrawing it to Trust Wallet opens up opportunities for earning rewards and actively participating in the Pepe community. By following the steps outlined in this guide and staying informed about blockchain technology and cryptocurrency trends, you can navigate the world of digital assets with confidence and security.
$PEPE
Tapswap coin, launched in 2023 on the Solana blockchain, uses a "tap-to-earn" model via a Telegram bot, making it accessible and easy to use.
Current Performance
By May 2024, Tapswap has grown to over 17 million users, outpacing competitors in the Telegram ecosystem due to strong community engagement.
Key Features
Tap-to-Earn: Earn coins by tapping on a Telegram bot.
Leagues and Boosters: Enhance earnings through ranks and boosters.
Referral Bonuses: Earn more by inviting friends.
Tokenomics
The TAPS token has a 1 billion maximum supply, with 50% allocated to community members, 30% to the treasury, and 20% to the team and advisors.
Future Prospects
Plans include expanded exchange capabilities, staking rewards, and an educational platform to further engage users.
Benefits and Risks
Benefits:
Easy Access: Simple entry via Telegram bot.
Strong Community: Active and growing user base.
Multiple Uses: Diverse applications for the TAPS token.
Risks:
Volatility: Subject to market fluctuations.
Regulations: Potential impact from regulatory changes.
Conclusion
Tapswap coin offers a promising entry into DeFi with strong growth potential and community support. However, users should be aware of the inherent risks in cryptocurrency investments.
Current Performance
By May 2024, Tapswap has grown to over 17 million users, outpacing competitors in the Telegram ecosystem due to strong community engagement.
Key Features
Tap-to-Earn: Earn coins by tapping on a Telegram bot.
Leagues and Boosters: Enhance earnings through ranks and boosters.
Referral Bonuses: Earn more by inviting friends.
Tokenomics
The TAPS token has a 1 billion maximum supply, with 50% allocated to community members, 30% to the treasury, and 20% to the team and advisors.
Future Prospects
Plans include expanded exchange capabilities, staking rewards, and an educational platform to further engage users.
Benefits and Risks
Benefits:
Easy Access: Simple entry via Telegram bot.
Strong Community: Active and growing user base.
Multiple Uses: Diverse applications for the TAPS token.
Risks:
Volatility: Subject to market fluctuations.
Regulations: Potential impact from regulatory changes.
Conclusion
Tapswap coin offers a promising entry into DeFi with strong growth potential and community support. However, users should be aware of the inherent risks in cryptocurrency investments.
#pepe⚡ (PEPE) coin, a meme-based cryptocurrency, has experienced significant price fluctuations recently. Launched in April 2023, PEPE saw explosive growth, with early investors gaining over 322,000 times their initial investments. By May 2024, PEPE's price is approximately $0.0000147 with a market cap of around $4.14 billion and over 184,000 holders.
Market Trends: PEPE has benefited from renewed interest in meme coins. Despite a notable correction in 2023, its recent gains show it remains a significant player in the meme coin market.
Advice for New Investors:
Research: Understand the risks associated with meme coins, as they are highly volatile.
Diversify: Do not invest all your funds in a single asset.
Investment Strategy: Consider whether you are looking for short-term gains or long-term holding.
Stay Informed: Keep up with market news to make timely decisions.
Consult a Financial Advisor: For tailored investment advice.
In summary, PEPE shows promise but carries high risk. New investors should be well-informed and cautious.
Market Trends: PEPE has benefited from renewed interest in meme coins. Despite a notable correction in 2023, its recent gains show it remains a significant player in the meme coin market.
Advice for New Investors:
Research: Understand the risks associated with meme coins, as they are highly volatile.
Diversify: Do not invest all your funds in a single asset.
Investment Strategy: Consider whether you are looking for short-term gains or long-term holding.
Stay Informed: Keep up with market news to make timely decisions.
Consult a Financial Advisor: For tailored investment advice.
In summary, PEPE shows promise but carries high risk. New investors should be well-informed and cautious.
#GOLD_UPDATE
In conclusion, while gold has seen a recent liquidity swipe over its all-time high, the market is currently in a corrective phase, moving towards key support zones. Traders should closely monitor the minor POI for immediate opportunities and the extreme orderblock for potential long-term entries. The weekly liquidation area serves as a critical level for accumulation, setting the stage for a possible strong upward movement in the coming weeks.
In conclusion, while gold has seen a recent liquidity swipe over its all-time high, the market is currently in a corrective phase, moving towards key support zones. Traders should closely monitor the minor POI for immediate opportunities and the extreme orderblock for potential long-term entries. The weekly liquidation area serves as a critical level for accumulation, setting the stage for a possible strong upward movement in the coming weeks.
Ethereum ETF Approval: Potential Impacts and Market Reactions
The potential approval of an Ethereum (ETH) exchange-traded fund (ETF) is a major focus for crypto investors. Following Bitcoin ETF approvals, the market is preparing for potential impacts.
Market Impact
Price Volatility:
If approved, Ethereum ETFs could drive a short-term price surge, possibly doubling ETH's price, followed by a likely market correction due to profit-taking.
Institutional Adoption:
Approval could attract significant institutional investment, enhancing liquidity and market stability, and integrating Ethereum further into mainstream finance.
Regulatory Challenges:
Ethereum's regulatory status is complex, particularly due to its staking feature, which might lead to it being classified as a security rather than a commodity. This regulatory uncertainty complicates the SEC’s decision.
Market Strategies
Investors might manage risk with hedging and dollar-cost averaging, use sentiment analysis for informed trading, and time trades around regulatory announcements.
Long-Term Considerations
Despite potential short-term volatility, Ethereum ETF approval would be a significant milestone, promoting broader acceptance and integration into traditional financial systems. Rejection could lead to legal battles, similar to those preceding Bitcoin ETF approvals.
Conclusion
The potential approval of Ethereum ETFs could drive both short-term volatility and long-term market integration. Investors should prepare for both the opportunities and risks associated with this development.
[HUB_master]
The potential approval of an Ethereum (ETH) exchange-traded fund (ETF) is a major focus for crypto investors. Following Bitcoin ETF approvals, the market is preparing for potential impacts.
Market Impact
Price Volatility:
If approved, Ethereum ETFs could drive a short-term price surge, possibly doubling ETH's price, followed by a likely market correction due to profit-taking.
Institutional Adoption:
Approval could attract significant institutional investment, enhancing liquidity and market stability, and integrating Ethereum further into mainstream finance.
Regulatory Challenges:
Ethereum's regulatory status is complex, particularly due to its staking feature, which might lead to it being classified as a security rather than a commodity. This regulatory uncertainty complicates the SEC’s decision.
Market Strategies
Investors might manage risk with hedging and dollar-cost averaging, use sentiment analysis for informed trading, and time trades around regulatory announcements.
Long-Term Considerations
Despite potential short-term volatility, Ethereum ETF approval would be a significant milestone, promoting broader acceptance and integration into traditional financial systems. Rejection could lead to legal battles, similar to those preceding Bitcoin ETF approvals.
Conclusion
The potential approval of Ethereum ETFs could drive both short-term volatility and long-term market integration. Investors should prepare for both the opportunities and risks associated with this development.
[HUB_master]
#Important_BTC_UPDATE 🚨
As expected, the market rejected the 70k-71k zone and is showing a bearish trajectory.
Key Points:
Rejection at 70k-71k: The market rejected this zone, confirming the bearish outlook.
Short-Term Consolidation: The price is consolidating around 66k, acting as temporary support.
Projected Move: We anticipate a further drop towards the strong demand zone near 52k-53k.
Conclusion:
The market is following our bearish prediction. Watch the 66k level for short-term moves and the 52k-53k zone for potential further declines.
Stay tuned for more updates.
#KeepYourFundSafeFromTheTrap 🙏
As expected, the market rejected the 70k-71k zone and is showing a bearish trajectory.
Key Points:
Rejection at 70k-71k: The market rejected this zone, confirming the bearish outlook.
Short-Term Consolidation: The price is consolidating around 66k, acting as temporary support.
Projected Move: We anticipate a further drop towards the strong demand zone near 52k-53k.
Conclusion:
The market is following our bearish prediction. Watch the 66k level for short-term moves and the 52k-53k zone for potential further declines.
Stay tuned for more updates.
#KeepYourFundSafeFromTheTrap 🙏
LIVEHUB_master
--
Төмен (кемімелі)
#BTC_UPDATE 🚨
The market is rejecting from the 70k to 71k zone as anticipated, suggesting a potential downward trajectory. We maintain our midterm target around 52k, with short-term consolidation expected near 66k. Monitoring closely for further developments. Stay tuned 🤝
The market is rejecting from the 70k to 71k zone as anticipated, suggesting a potential downward trajectory. We maintain our midterm target around 52k, with short-term consolidation expected near 66k. Monitoring closely for further developments. Stay tuned 🤝
$FRONT
In my previous market update, I accurately predicted that FRONT would move towards its minor (POI) at $1.25, tapping into the liquidation box. Following this, I anticipated another rally right after tapping the liquidation area, and FRONT has exactly pumped from there, achieving a 35% increase from the predicted zone.
Updated Market Analysis:
Current Status: FRONT reached the $1.25 POI and rallied 35% as expected.
Next Steps:
Resistance: Watch for resistance around $1.40. Breaking this could target $1.50.
Support: $1.25 now acts as strong support. The liquidation box between $1.10 and $1.15 offers a buying opportunity if revisited.
Projection:
Bullish: If FRONT breaks above $1.40, it could target $1.50 and beyond, possibly reaching $2.00.
Bearish: Failure to hold above $1.25 might lead to a retracement to the liquidation box.
Trading Strategy:
Current Holders: Take partial profits at $1.40 and $1.50, holding some for potential further gains.
New Buyers: Buy on dips, especially near $1.10-$1.15, or use DCA towards $1-$0.80.
Monitor market sentiment and news, and manage risk effectively.
In my previous market update, I accurately predicted that FRONT would move towards its minor (POI) at $1.25, tapping into the liquidation box. Following this, I anticipated another rally right after tapping the liquidation area, and FRONT has exactly pumped from there, achieving a 35% increase from the predicted zone.
Updated Market Analysis:
Current Status: FRONT reached the $1.25 POI and rallied 35% as expected.
Next Steps:
Resistance: Watch for resistance around $1.40. Breaking this could target $1.50.
Support: $1.25 now acts as strong support. The liquidation box between $1.10 and $1.15 offers a buying opportunity if revisited.
Projection:
Bullish: If FRONT breaks above $1.40, it could target $1.50 and beyond, possibly reaching $2.00.
Bearish: Failure to hold above $1.25 might lead to a retracement to the liquidation box.
Trading Strategy:
Current Holders: Take partial profits at $1.40 and $1.50, holding some for potential further gains.
New Buyers: Buy on dips, especially near $1.10-$1.15, or use DCA towards $1-$0.80.
Monitor market sentiment and news, and manage risk effectively.
#KeepYourFundSafeFromTheTrap 🚨
Our midterm BTC market update from last month remains accurate, with BTC recently breaking above the tradeline resistance of the bull flag around $70,000. However, this breakout may be a fake-out, potentially falling again after taking liquidity above $72,000. As always, we prioritize the smart money concept in our analysis.
#BTC1D
Our midterm BTC market update from last month remains accurate, with BTC recently breaking above the tradeline resistance of the bull flag around $70,000. However, this breakout may be a fake-out, potentially falling again after taking liquidity above $72,000. As always, we prioritize the smart money concept in our analysis.
#BTC1D
#BTC_UPDATE 🚨
The market is rejecting from the 70k to 71k zone as anticipated, suggesting a potential downward trajectory. We maintain our midterm target around 52k, with short-term consolidation expected near 66k. Monitoring closely for further developments. Stay tuned 🤝
The market is rejecting from the 70k to 71k zone as anticipated, suggesting a potential downward trajectory. We maintain our midterm target around 52k, with short-term consolidation expected near 66k. Monitoring closely for further developments. Stay tuned 🤝
LIVEHUB_master
--
Төмен (кемімелі)
Last month, I highlighted the potential for a downside move once #BTC reached the 70k zone. However, the market fell short of this level, leaving it as an unmitigated zone. Currently, the market is approaching this unmitigated order block near 70k.
We anticipate that upon reaching this level, the market will likely face rejection and commence a downward trajectory. This aligns with our midterm market outlook, targeting a price range around 52k. But now we expect the market at 66k for the short-term
Stay tuned for further updates as the market progresses towards these key levels.
#KeepyourFundSafe
We anticipate that upon reaching this level, the market will likely face rejection and commence a downward trajectory. This aligns with our midterm market outlook, targeting a price range around 52k. But now we expect the market at 66k for the short-term
Stay tuned for further updates as the market progresses towards these key levels.
#KeepyourFundSafe
Ethereum (ETH) has seen a significant price surge recently due to several key factors.
Anticipation of ETF Approval: One major driver is the expected approval of Ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). This approval could lead to substantial institutional investment, as was seen when Bitcoin ETFs were approved.
Technological Upgrades: Ethereum is undergoing significant technological advancements, particularly the Dencun upgrade. This includes "proto-danksharding," which aims to improve scalability and reduce transaction fees by up to 90% for Layer 2 solutions. These enhancements make the Ethereum network more efficient and appealing to developers and users.
Institutional Interest: Growing institutional interest in Ethereum is further boosting its price. Major financial entities are seeking to launch Ethereum ETFs, which could increase liquidity and mainstream adoption of ETH.
Market Sentiment and Speculation: Positive sentiment in the crypto market and speculative trading around these upcoming developments have also contributed to Ethereum's price rise. Investors are positioning themselves to benefit from these expected changes, driving demand and price increases.
These factors combined indicate that Ethereum's recent price surge is driven by both technological advancements and significant potential regulatory approvals, marking an exciting period for the cryptocurrency.
Anticipation of ETF Approval: One major driver is the expected approval of Ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). This approval could lead to substantial institutional investment, as was seen when Bitcoin ETFs were approved.
Technological Upgrades: Ethereum is undergoing significant technological advancements, particularly the Dencun upgrade. This includes "proto-danksharding," which aims to improve scalability and reduce transaction fees by up to 90% for Layer 2 solutions. These enhancements make the Ethereum network more efficient and appealing to developers and users.
Institutional Interest: Growing institutional interest in Ethereum is further boosting its price. Major financial entities are seeking to launch Ethereum ETFs, which could increase liquidity and mainstream adoption of ETH.
Market Sentiment and Speculation: Positive sentiment in the crypto market and speculative trading around these upcoming developments have also contributed to Ethereum's price rise. Investors are positioning themselves to benefit from these expected changes, driving demand and price increases.
These factors combined indicate that Ethereum's recent price surge is driven by both technological advancements and significant potential regulatory approvals, marking an exciting period for the cryptocurrency.
Last month, I highlighted the potential for a downside move once #BTC reached the 70k zone. However, the market fell short of this level, leaving it as an unmitigated zone. Currently, the market is approaching this unmitigated order block near 70k.
We anticipate that upon reaching this level, the market will likely face rejection and commence a downward trajectory. This aligns with our midterm market outlook, targeting a price range around 52k. But now we expect the market at 66k for the short-term
Stay tuned for further updates as the market progresses towards these key levels.
#KeepyourFundSafe
We anticipate that upon reaching this level, the market will likely face rejection and commence a downward trajectory. This aligns with our midterm market outlook, targeting a price range around 52k. But now we expect the market at 66k for the short-term
Stay tuned for further updates as the market progresses towards these key levels.
#KeepyourFundSafe
LIVEHUB_master
--
Төмен (кемімелі)
#BTC_MARKET_UPDATE 🚨
Last month I shared a market update & chart on SMC Concepts and there I mentioned that after the market completes 70k zone we will see a downside move from there, but unfortunately the market falls before touching 70k. As a result, it remains an unmitigated zone of the market.
Market is now moving to complete that unmitigated order block of 70k. We expect the market to reject after completing the unmitigated order block and continue to fall towards the point mentioned in my midterm market update which is 52k price range.
Last month I shared a market update & chart on SMC Concepts and there I mentioned that after the market completes 70k zone we will see a downside move from there, but unfortunately the market falls before touching 70k. As a result, it remains an unmitigated zone of the market.
Market is now moving to complete that unmitigated order block of 70k. We expect the market to reject after completing the unmitigated order block and continue to fall towards the point mentioned in my midterm market update which is 52k price range.