ETHAnalysis
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Cryptocurrency data platform Into the Block examined ETH on-chain deposit and withdrawal data and indicated that there's no evident resistance observed up to the $2,500 range. However, this doesn't necessarily imply a straightforward path to breaking new highs. Within the current range, an increase in profit-taking by ETH holders is a common occurrence. This short-term sell-off is influencing the present trend, although it's expected to be temporary and unlikely to significantly impact the long-term trajectory of ETH. đđč #ETHAnalysis #IntoTheBlockObservation
đ #ETHUSDT Analysis: Neutral Trend Continues
Current Price: $3500.37
Market Cap: $420.84B
Change: 1h -0.39% | 24h +0.16%
#Ethereum's 4H chart shows a breakout above the downtrend line, hitting $3,701 at the golden fib point, followed by a quick recovery bouncing off the trend line. #CryptoNews #ETHAnalysis
$ETH $BTC $SOL
Current Price: $3500.37
Market Cap: $420.84B
Change: 1h -0.39% | 24h +0.16%
#Ethereum's 4H chart shows a breakout above the downtrend line, hitting $3,701 at the golden fib point, followed by a quick recovery bouncing off the trend line. #CryptoNews #ETHAnalysis
$ETH $BTC $SOL
#ETHAnalysis #ETH #etherium $ETH
The script from THIS analytical post has been fully executed (giving myself a little applause, because if you don't praise yourself, no one else will), but I'm not in a hurry to take long positions, as there is a chance for a deeper correction across all cryptocurrencies. For Ethereum, this zone is 2050-2060. It will be necessary to monitor the formation of patterns there. Like and subscribe! Tips don't scare me, they motivate me!
The script from THIS analytical post has been fully executed (giving myself a little applause, because if you don't praise yourself, no one else will), but I'm not in a hurry to take long positions, as there is a chance for a deeper correction across all cryptocurrencies. For Ethereum, this zone is 2050-2060. It will be necessary to monitor the formation of patterns there. Like and subscribe! Tips don't scare me, they motivate me!
#ETHAnalysis #NEXTMOVE
As highlighted in previous analyses, the current Ethereum price resides at a pivotal juncture, constituting a make-or-break scenario. The price has demonstrated successful adherence to the trendline, prompting an upward surge. It now confronts a descending trendline, and a breakout here could trigger a bullish momentum, whereas rejections may result in a retreat to the major robust trendline support.
Over the last two months, Ethereum has maintained a positive trajectory, consistently ascending. The heightened buying pressure facilitated a breakthrough past the significant $2,000 resistance, propelling an ongoing rally. Consequently, the ETH price has recently seen a sharp uptick, setting its sights on the crucial $2,300 resistance zone.
This price range poses a formidable challenge for Ethereum buyers, marked by the static resistance at $2,300 and the dynamic resistance represented by the upper trendline of the Wedge.
The trendline has proven to be a substantial obstacle on three occasions, impeding Ethereum's upward movements. However, a successful reclaim of this critical region could pave the way for Ethereum to target the $2,500 mark in the next phase of its trajectory.
As highlighted in previous analyses, the current Ethereum price resides at a pivotal juncture, constituting a make-or-break scenario. The price has demonstrated successful adherence to the trendline, prompting an upward surge. It now confronts a descending trendline, and a breakout here could trigger a bullish momentum, whereas rejections may result in a retreat to the major robust trendline support.
Over the last two months, Ethereum has maintained a positive trajectory, consistently ascending. The heightened buying pressure facilitated a breakthrough past the significant $2,000 resistance, propelling an ongoing rally. Consequently, the ETH price has recently seen a sharp uptick, setting its sights on the crucial $2,300 resistance zone.
This price range poses a formidable challenge for Ethereum buyers, marked by the static resistance at $2,300 and the dynamic resistance represented by the upper trendline of the Wedge.
The trendline has proven to be a substantial obstacle on three occasions, impeding Ethereum's upward movements. However, a successful reclaim of this critical region could pave the way for Ethereum to target the $2,500 mark in the next phase of its trajectory.
đđ„ Critical Update: #BTC and #ETH Dynamics Unveiled! đ„đ
đBTC at Crucial Junction:
- Currently hovering around the $42500 zone, BTC nters a local resistance point.
- A breakthrough could propel BTC 200 zone, marking the 2nd major resistance.
đĄ Potential Scenarios Unfold:
- A bullish continuation may see ajor support at $40200, also denoted as the CMA GAP.
- Sellers applying pressure could lead to a drop, with $39250 as a plausible target.
đ Market Sentiment Analysis:
- Greed prevails as investors eagerly acquire various altcoins, amplifying market dynamics.
- Despite the approval of the ETF in America, caution is advised.
đ Long-Term Perspective:
- A cautionary outlook is presented, suggesting a potential crash for BTC to $25K.
- These insights are positioned for a longer-term horizon.
đ Stay Informed, Assess Risks:
- Continuously monitor market developments and adapt strategies based on unfolding scenarios.
đ Strategize for Potential Outcomes:
- Plan for various scenarios, considering both bullish and bearish possibilities.
đđč Navigate the Crypto Waves with Prudence! đđ #BitcoinUpdate #ETHAnalysis #MarketOutlook
đBTC at Crucial Junction:
- Currently hovering around the $42500 zone, BTC nters a local resistance point.
- A breakthrough could propel BTC 200 zone, marking the 2nd major resistance.
đĄ Potential Scenarios Unfold:
- A bullish continuation may see ajor support at $40200, also denoted as the CMA GAP.
- Sellers applying pressure could lead to a drop, with $39250 as a plausible target.
đ Market Sentiment Analysis:
- Greed prevails as investors eagerly acquire various altcoins, amplifying market dynamics.
- Despite the approval of the ETF in America, caution is advised.
đ Long-Term Perspective:
- A cautionary outlook is presented, suggesting a potential crash for BTC to $25K.
- These insights are positioned for a longer-term horizon.
đ Stay Informed, Assess Risks:
- Continuously monitor market developments and adapt strategies based on unfolding scenarios.
đ Strategize for Potential Outcomes:
- Plan for various scenarios, considering both bullish and bearish possibilities.
đđč Navigate the Crypto Waves with Prudence! đđ #BitcoinUpdate #ETHAnalysis #MarketOutlook
Decoded: The Secret Sellers Behind Ethereum's Recent Plunges
Have you been baffled by Ethereum's recent price crashes? You're not alone. In this analysis, we crack the code on three major forces that likely contributed to the sale of a whopping 197,800 ETH ($599 million) in the past two months, triggering these dramatic drops. By understanding these key players, you'll be better equipped to navigate future market movements.
1. The Ethereum Foundation: The Sell-Before-the-Storm Strategy
The Ethereum Foundation, a critical player in the Ethereum ecosystem, has a history of moving large amounts of ETH right before price dips. On August 23rd, they deposited 35,000 ETH ($93.8 million) to Kraken, followed by a 9% plunge in the ETH price just five days later. This pattern suggests a potential correlation between their movements and market downturns. Keep an eye on their activity for future insights.
2. Jump Trading: The Enigma Deposits and the Price Nosedive
Jump Trading, a major market player, deposited a significant amount of ETH (88,917 ETH, or $276 million) to various exchanges between July 25th and August 6th. This influx coincided with a 20% plunge in the ETH price on August 5th. Interestingly, their deposits seem to have stopped after this initial crash. Currently, they still hold a substantial amount of ETH and staked ETH (STETH), totaling $132.4 million. Their future actions remain to be seen.
3. Whale Alert: ICO-Linked Whale 0xe17 on OKX
This whale with a connection to an Initial Coin Offering (ICO) has been actively depositing ETH to OKX since July 9th. They've moved a total of 48,501 ETH ($154 million), with a significant portion deposited before both major price drops. This behavior suggests a potential strategy of selling before the market dips. Their current holdings remain substantial, with 303,000 ETH ($751 million) still in their wallet.
#ETH #ETHAnalysis $ETH
Have you been baffled by Ethereum's recent price crashes? You're not alone. In this analysis, we crack the code on three major forces that likely contributed to the sale of a whopping 197,800 ETH ($599 million) in the past two months, triggering these dramatic drops. By understanding these key players, you'll be better equipped to navigate future market movements.
1. The Ethereum Foundation: The Sell-Before-the-Storm Strategy
The Ethereum Foundation, a critical player in the Ethereum ecosystem, has a history of moving large amounts of ETH right before price dips. On August 23rd, they deposited 35,000 ETH ($93.8 million) to Kraken, followed by a 9% plunge in the ETH price just five days later. This pattern suggests a potential correlation between their movements and market downturns. Keep an eye on their activity for future insights.
2. Jump Trading: The Enigma Deposits and the Price Nosedive
Jump Trading, a major market player, deposited a significant amount of ETH (88,917 ETH, or $276 million) to various exchanges between July 25th and August 6th. This influx coincided with a 20% plunge in the ETH price on August 5th. Interestingly, their deposits seem to have stopped after this initial crash. Currently, they still hold a substantial amount of ETH and staked ETH (STETH), totaling $132.4 million. Their future actions remain to be seen.
3. Whale Alert: ICO-Linked Whale 0xe17 on OKX
This whale with a connection to an Initial Coin Offering (ICO) has been actively depositing ETH to OKX since July 9th. They've moved a total of 48,501 ETH ($154 million), with a significant portion deposited before both major price drops. This behavior suggests a potential strategy of selling before the market dips. Their current holdings remain substantial, with 303,000 ETH ($751 million) still in their wallet.
#ETH #ETHAnalysis $ETH
đ ETH Breakdown Analysis! đđ„ #EthereumInsights
đš Attention Crypto Enthusiasts! A Deep Dive into ETH Movement!
The ETH market has witnessed a notable gap closure, setting the stage for a clear path forward. đđč A distinct pattern emerges, guiding us confidently towards the $3,000 zone.
With the imminent arrival of the next #etf, particularly focused on spot ETH, and the prevailing bull run momentum, it's not far-fetched to anticipate a swift climb to the $2,800-$3,000 range.
đđ While potential manipulation remains a concern, a secure approach involving strategic trading with 5-10% of your margin can provide a robust foundation for effective Dollar-Cost Averaging (DCA).
đ Trade Securely, Trade Smart!
As we navigate this dynamic market, trading with caution and leveraging a percentage of your margin ensures a safety net, allowing for a well-constructed DCA strategy. đȘđ Share your thoughts and insightsâhow are you approaching the ETH market in this scenario? Let's build a community dialogue! đŹđ€
đ Your Opinion Matters!
What's your take on the potential movements of ETH? Share your predictions, analyses, or any key indicators you're watching. Together, let's enhance our collective understanding!
đ Like, Share, and Stay Informed!
If you find this analysis intriguing, hit the like button, share with your crypto community, and ensure you're following @MemeLauncher for more engaging insights into the crypto world! đđ
#ETHAnalysis #CryptoInsights #ETH #Ethereum2024 #ETF $ETH
đš Attention Crypto Enthusiasts! A Deep Dive into ETH Movement!
The ETH market has witnessed a notable gap closure, setting the stage for a clear path forward. đđč A distinct pattern emerges, guiding us confidently towards the $3,000 zone.
With the imminent arrival of the next #etf, particularly focused on spot ETH, and the prevailing bull run momentum, it's not far-fetched to anticipate a swift climb to the $2,800-$3,000 range.
đđ While potential manipulation remains a concern, a secure approach involving strategic trading with 5-10% of your margin can provide a robust foundation for effective Dollar-Cost Averaging (DCA).
đ Trade Securely, Trade Smart!
As we navigate this dynamic market, trading with caution and leveraging a percentage of your margin ensures a safety net, allowing for a well-constructed DCA strategy. đȘđ Share your thoughts and insightsâhow are you approaching the ETH market in this scenario? Let's build a community dialogue! đŹđ€
đ Your Opinion Matters!
What's your take on the potential movements of ETH? Share your predictions, analyses, or any key indicators you're watching. Together, let's enhance our collective understanding!
đ Like, Share, and Stay Informed!
If you find this analysis intriguing, hit the like button, share with your crypto community, and ensure you're following @MemeLauncher for more engaging insights into the crypto world! đđ
#ETHAnalysis #CryptoInsights #ETH #Ethereum2024 #ETF $ETH
$ETH
#ETH/USDT Analysis
Ethereum (ETH) is presently in a consolidation phase, encapsulated within a falling wedge pattern. The current price action reflects a bounce from the support trendline of the wedge, complemented by bullish momentum signaled by the MA100.
For a clearer perspective on Ethereum's trajectory, a crucial factor lies in patiently awaiting a decisive breakout from the confines of the wedge pattern. This breakout will serve as a pivotal confirmation of the cryptocurrency's next directional movement.
As the market dynamics unfold, strategic consideration of technical patterns and indicators becomes paramount. Stay tuned for further developments and insights as Ethereum navigates this pattern. đđ
#ETHAnalysis #TechnicalIndicators #CryptocurrencyTrading #TrendingTopic #TradeNTell
#ETH/USDT Analysis
Ethereum (ETH) is presently in a consolidation phase, encapsulated within a falling wedge pattern. The current price action reflects a bounce from the support trendline of the wedge, complemented by bullish momentum signaled by the MA100.
For a clearer perspective on Ethereum's trajectory, a crucial factor lies in patiently awaiting a decisive breakout from the confines of the wedge pattern. This breakout will serve as a pivotal confirmation of the cryptocurrency's next directional movement.
As the market dynamics unfold, strategic consideration of technical patterns and indicators becomes paramount. Stay tuned for further developments and insights as Ethereum navigates this pattern. đđ
#ETHAnalysis #TechnicalIndicators #CryptocurrencyTrading #TrendingTopic #TradeNTell
#ETHAnalysis #Ethereum #etherium
For Ethereum, we have a confirmed range with deviations both above and below. At the moment, the price is moving towards the upper boundary of the range. If you like the content, hit the like button so I know you're interested, and I'll publish even more trading ideas! Subscribe to stay updated.
For Ethereum, we have a confirmed range with deviations both above and below. At the moment, the price is moving towards the upper boundary of the range. If you like the content, hit the like button so I know you're interested, and I'll publish even more trading ideas! Subscribe to stay updated.
$ETH ETF IS BREAKING RECORDS! đ€Żđ„đ
BlackRockâs iShares Ethereum Trust is close to hit $1 billion in terms of net inflows ($990 million already invested)! Although the fundâs total assets are around $835 million due to the recent underperformance of ETH, I do expect that it will surpass $1 billion soon. That's also thanks to the ETF that is attracting a lot of interest from investment advisors, who find ETH easier to value than Bitcoin...
In my opinion, this growing interest in Ethereum ETFs, could imply that more crypto ETFs will be potentially soon introduced!
What's The Next Crypto ETF? đ€ Let Me Know In Comments!
STAY TUNED! đ„ & Do Not Forget To Cast Your VOTE On My Profile! Your Support Is MASSIVELY Appreciated!đđȘ - DYOR đ NFA.đ€
#EthereumETF #ethupdates #ETHAnalysis #EthereumInvestment
BlackRockâs iShares Ethereum Trust is close to hit $1 billion in terms of net inflows ($990 million already invested)! Although the fundâs total assets are around $835 million due to the recent underperformance of ETH, I do expect that it will surpass $1 billion soon. That's also thanks to the ETF that is attracting a lot of interest from investment advisors, who find ETH easier to value than Bitcoin...
In my opinion, this growing interest in Ethereum ETFs, could imply that more crypto ETFs will be potentially soon introduced!
What's The Next Crypto ETF? đ€ Let Me Know In Comments!
STAY TUNED! đ„ & Do Not Forget To Cast Your VOTE On My Profile! Your Support Is MASSIVELY Appreciated!đđȘ - DYOR đ NFA.đ€
#EthereumETF #ethupdates #ETHAnalysis #EthereumInvestment
đđž Smart money analysis by Nansen reveals a significant inflow of $34.3 million into ETH over the past 24 hours, indicating the interest of institutions or individual investors seeking high-yield, short-term profits. Additionally, $1.78 million flowed into LINK, and $520,000 into wTAO. đđ€đ #SmartMoney #CryptoInflows #ETHAnalysis
Could Solana Overtake Ethereum in 2024?
Solana Vs Ethereum
The cryptocurrency landscape is constantly evolving, with new technologies and platforms emerging to challenge the status quo. Among these, Solana has garnered significant attention as a potential competitor to Ethereum. Known for its high-speed transactions and low fees, Solanaâs ecosystem and liquidity are growing rapidly, driven by innovations like liquid staking tokens such as BNSOL by Binance and bbSOL by Bybit. As we look ahead to 2024, the question arises: Could Solana overtake Ethereum?
The Rise of Solana $SOL
Solana, launched in 2019 by Anatoly Yakovenko, has quickly become one of the most talked-about blockchain platforms. Its unique consensus mechanism, Proof of History (PoH), combined with Proof of Stake (PoS), allows Solana to process thousands of transactions per second (TPS) at a fraction of the cost compared to Ethereum. This scalability and efficiency have made Solana an attractive option for developers and users alike.
One of the key factors contributing to Solanaâs rise is its ability to handle high throughput without compromising decentralization or security. This has positioned Solana as a viable alternative to Ethereum, especially for projects requiring fast and cost-effective transactions.
Ethereumâs Dominance $ETH
Ethereum, on the other hand, has been the leading platform for decentralized applications (dApps) and smart contracts since its launch in 2015. Created by Vitalik Buterin, Ethereum introduced the concept of programmable blockchain, enabling developers to build a wide range of applications on its network. Ethereumâs robust ecosystem, extensive developer base, and established infrastructure have cemented its position as the go-to platform for blockchain development.
However, Ethereum has faced challenges related to scalability and high transaction fees. The transition to Ethereum 2.0, which aims to address these issues by moving from a Proof of Work (PoW) to a Proof of Stake (PoS) consensus mechanism, is still underway. While this upgrade promises to improve scalability and reduce energy consumption, it may take several years to fully realize its benefits.
Innovations Driving Solanaâs Growth
Solanaâs rapid growth can be attributed to several innovations within its ecosystem. One notable development is the introduction of liquid staking tokens, such as BNSOL by Binance and bbSOL by Bybit. These tokens allow users to stake their Solana tokens and earn rewards while maintaining liquidity. This innovation has attracted more users to the Solana network, increasing its overall liquidity and activity.
Additionally, Solana has gained popularity due to the memecoin revolution. Memecoins, often created as a joke or for fun, have found a home on the Solana blockchain due to its low transaction fees and fast processing times. This trend has further boosted Solanaâs visibility and adoption, as more users flock to the platform to participate in the memecoin craze.
The Battle for Supremacy
As Solana continues to grow, the competition between Solana and Ethereum is intensifying. While Solanaâs advantages in speed and cost efficiency are noteworthy, Ethereumâs established position and extensive infrastructure present a substantial obstacle. Ethereumâs vast developer base and historical performance make it a more stable long-term investment.
However, Solanaâs ability to handle high throughput and its innovative ecosystem could give it an edge in certain areas. For instance, projects requiring fast and cost-effective transactions may prefer Solana over Ethereum. Additionally, Solanaâs growing popularity in the memecoin space and its increasing liquidity through liquid staking tokens could attract more users and developers to its platform.
Potential Challenges for Solana
Despite its impressive growth, Solana faces several challenges that could hinder its ability to overtake Ethereum. One major concern is the relatively newer and less proven nature of Solanaâs technology. While Solanaâs unique consensus mechanism has shown promise, it has yet to be tested on the same scale as Ethereum.
Moreover, Solanaâs rapid growth has led to occasional network outages and performance issues. These incidents have raised questions about the platformâs reliability and scalability in the long term. Addressing these challenges will be crucial for Solana to maintain its momentum and compete with Ethereum.
The Road Ahead
Looking ahead to 2024, the competition between Solana and Ethereum is expected to continue as both platforms evolve and adapt to new market demands. Ethereumâs transition to Ethereum 2.0 and its ongoing efforts to improve scalability and reduce fees will be critical in maintaining its dominance. On the other hand, Solanaâs focus on high-speed transactions, low fees, and innovative solutions like liquid staking tokens will likely drive its growth and adoption.
Ultimately, whether Solana can overtake Ethereum will depend on various factors, including technological advancements, market trends, and user preferences. While Solana has made significant strides and presents a compelling case as a potential Ethereum competitor, Ethereumâs established position and extensive infrastructure make it a formidable opponent.
In conclusion, the battle between Solana and Ethereum is far from over. Both platforms have their strengths and weaknesses, and the outcome will likely be determined by how well they address their respective challenges and capitalize on their opportunities. As the cryptocurrency landscape continues to evolve, it will be fascinating to see how Solana and Ethereum shape the future of blockchain technology.
#SOLAnalysis
#ETHAnalysis
The cryptocurrency landscape is constantly evolving, with new technologies and platforms emerging to challenge the status quo. Among these, Solana has garnered significant attention as a potential competitor to Ethereum. Known for its high-speed transactions and low fees, Solanaâs ecosystem and liquidity are growing rapidly, driven by innovations like liquid staking tokens such as BNSOL by Binance and bbSOL by Bybit. As we look ahead to 2024, the question arises: Could Solana overtake Ethereum?
The Rise of Solana $SOL
Solana, launched in 2019 by Anatoly Yakovenko, has quickly become one of the most talked-about blockchain platforms. Its unique consensus mechanism, Proof of History (PoH), combined with Proof of Stake (PoS), allows Solana to process thousands of transactions per second (TPS) at a fraction of the cost compared to Ethereum. This scalability and efficiency have made Solana an attractive option for developers and users alike.
One of the key factors contributing to Solanaâs rise is its ability to handle high throughput without compromising decentralization or security. This has positioned Solana as a viable alternative to Ethereum, especially for projects requiring fast and cost-effective transactions.
Ethereumâs Dominance $ETH
Ethereum, on the other hand, has been the leading platform for decentralized applications (dApps) and smart contracts since its launch in 2015. Created by Vitalik Buterin, Ethereum introduced the concept of programmable blockchain, enabling developers to build a wide range of applications on its network. Ethereumâs robust ecosystem, extensive developer base, and established infrastructure have cemented its position as the go-to platform for blockchain development.
However, Ethereum has faced challenges related to scalability and high transaction fees. The transition to Ethereum 2.0, which aims to address these issues by moving from a Proof of Work (PoW) to a Proof of Stake (PoS) consensus mechanism, is still underway. While this upgrade promises to improve scalability and reduce energy consumption, it may take several years to fully realize its benefits.
Innovations Driving Solanaâs Growth
Solanaâs rapid growth can be attributed to several innovations within its ecosystem. One notable development is the introduction of liquid staking tokens, such as BNSOL by Binance and bbSOL by Bybit. These tokens allow users to stake their Solana tokens and earn rewards while maintaining liquidity. This innovation has attracted more users to the Solana network, increasing its overall liquidity and activity.
Additionally, Solana has gained popularity due to the memecoin revolution. Memecoins, often created as a joke or for fun, have found a home on the Solana blockchain due to its low transaction fees and fast processing times. This trend has further boosted Solanaâs visibility and adoption, as more users flock to the platform to participate in the memecoin craze.
The Battle for Supremacy
As Solana continues to grow, the competition between Solana and Ethereum is intensifying. While Solanaâs advantages in speed and cost efficiency are noteworthy, Ethereumâs established position and extensive infrastructure present a substantial obstacle. Ethereumâs vast developer base and historical performance make it a more stable long-term investment.
However, Solanaâs ability to handle high throughput and its innovative ecosystem could give it an edge in certain areas. For instance, projects requiring fast and cost-effective transactions may prefer Solana over Ethereum. Additionally, Solanaâs growing popularity in the memecoin space and its increasing liquidity through liquid staking tokens could attract more users and developers to its platform.
Potential Challenges for Solana
Despite its impressive growth, Solana faces several challenges that could hinder its ability to overtake Ethereum. One major concern is the relatively newer and less proven nature of Solanaâs technology. While Solanaâs unique consensus mechanism has shown promise, it has yet to be tested on the same scale as Ethereum.
Moreover, Solanaâs rapid growth has led to occasional network outages and performance issues. These incidents have raised questions about the platformâs reliability and scalability in the long term. Addressing these challenges will be crucial for Solana to maintain its momentum and compete with Ethereum.
The Road Ahead
Looking ahead to 2024, the competition between Solana and Ethereum is expected to continue as both platforms evolve and adapt to new market demands. Ethereumâs transition to Ethereum 2.0 and its ongoing efforts to improve scalability and reduce fees will be critical in maintaining its dominance. On the other hand, Solanaâs focus on high-speed transactions, low fees, and innovative solutions like liquid staking tokens will likely drive its growth and adoption.
Ultimately, whether Solana can overtake Ethereum will depend on various factors, including technological advancements, market trends, and user preferences. While Solana has made significant strides and presents a compelling case as a potential Ethereum competitor, Ethereumâs established position and extensive infrastructure make it a formidable opponent.
In conclusion, the battle between Solana and Ethereum is far from over. Both platforms have their strengths and weaknesses, and the outcome will likely be determined by how well they address their respective challenges and capitalize on their opportunities. As the cryptocurrency landscape continues to evolve, it will be fascinating to see how Solana and Ethereum shape the future of blockchain technology.
#SOLAnalysis
#ETHAnalysis
$BTC just has given a rejection wick at 4H chart frame and can give closing below EMA 200(61600)
What to expect Next ?
In my views , before monthly inflation rate announcement 14 august 2024 BTC will close near 61k and if inflation data goes against expectation then BTc will dump from this level to low. as investors are still waiting to see Inflation rate effect before investing in all over the world.
and this break out will be considered as fake. đââïž
check reposted post down đđ»
$XRP $ETH #btcanalisis #BTCçȘç Ž7äžć€§ć ł #BTCanalysis #ETHAnalysis #XRPAnalysis
What to expect Next ?
In my views , before monthly inflation rate announcement 14 august 2024 BTC will close near 61k and if inflation data goes against expectation then BTc will dump from this level to low. as investors are still waiting to see Inflation rate effect before investing in all over the world.
and this break out will be considered as fake. đââïž
check reposted post down đđ»
$XRP $ETH #btcanalisis #BTCçȘç Ž7äžć€§ć ł #BTCanalysis #ETHAnalysis #XRPAnalysis
Quoted content has been removed