🕯The ETH/BTC chart, recent Ethereum buybacks over the past two weeks, position-building around the 3330 level, inflows into ETH ETFs, and seasonality—all these factors are hinting at a potential shift of funds into Ethereum and its ecosystem.
📈ETH/BTC Chart: We're seeing the beginning of a bottom formation and a structural shift on the weekly timeframe.
Recent Ethereum Buybacks: If you’ve noticed, Ethereum has been bought more aggressively during dips than BTC over the past two weeks.
Position Building Around 3330: This level has become a magnet for Ethereum’s price, with multiple dips into this zone followed by sharp rebounds on increased volume, signaling accumulation by large players.
❗️Inflows into ETH ETFs: Judging by flows into U.S. spot crypto ETFs, there are signs of a rotation from BTC to ETH, with inflows into ETH contrasting with outflows from BTC last week.
Seasonality: Historically, Q1 is a bullish quarter for Ethereum, typically showing growth for three consecutive months.
Overall, these dry facts suggest a promising outlook. There are additional fundamental factors supporting this forecast, but the above seems sufficient for now.
DYOR! Still, everything looks quite good at the moment. We may be nearing the end of the correction and heading into a new 1-2 month growth wave. 🚀 $ETH
Price tested the support area and bounced back. You can consider opening a long position around this support level. We may see a continuation of the upward movement in the coming days.
AVAX is consolidating within a symmetrical triangle pattern and is currently trading inside the Ichimoku Cloud after facing rejection at the resistance trendline. Further price movement is needed to confirm the next directional move.$AVAX
Since the December 2022 low, Solana has outpaced both Bitcoin and Ethereum in percentage capital growth, achieving remarkable liquidity expansion across 389/727 trading days.$SOL
RAD is consolidating within a falling wedge pattern, encountering resistance at the wedge's upper trendline. The Ichimoku Cloud serves as a barrier above the pattern, reinforcing the resistance.
A decisive breakout above both the pattern and the cloud could signal the start of a bullish rally. It's worth monitoring closely for potential opportunities.$RAD
CTSI is trading within a descending triangle pattern and is currently facing rejection from the Ichimoku Cloud, which serves as a strong resistance barrier.
A decisive breakout above or breakdown below the pattern is needed to confirm the next directional move.$CTSI
#BTCNextMove Bitcoin is currently experiencing a downward movement, trading within a downtrend channel. We may see a clear breakout today when the US markets open. Let’s see in which direction BTC moves.$BTC
The price has found a solid support on the $185 level, there is an intersection of horizontal and descending supports.
There are two options on how to trade this: futures and spot:
1) Futures: open LONG in the $175 - $185 range with x5 leverage, SL below $170. This option is quite risky and will be stopped if Bitcoin goes for another round of dump.
2) Spot: buying a bag of Solana right there and place buy order in the $152 - $162 range. This will grant you an average entry of $170 with the target at $315 -$320 (almost x2).
If you ask me, I don't like trading correction with leverage.$SOL
#BTCNextMove 📊 Bitcoin: The Least Volatile Cycle Yet 📊
According to Glassnode, this Bitcoin cycle is officially the least volatile on record. 📉 With growing institutional adoption and spot ETFs driving demand, BTC's stability has reached new heights.$BTC