Ethereum’s price is holding steady in a key zone today, trading between $3,056 to $3,083 over the past hour. With a mix of neutral oscillators and mostly optimistic moving averages, the market sentiment seems divided, giving traders an essential moment to evaluate strategies across various timeframes.

Ethereum
Recently, ethereum (ETH) encountered a dip, finding support at $3,044.5 and resistance at $3,163. Selling activity picked up noticeably, fueling bearish vibes. A bearish engulfing candle around $3,080 hints at short-term selling pressure. However, traders might spot a temporary buying opportunity if the price bounces off $3,044.5 and forms bullish candlestick patterns. Entering between $3,045 and $3,050, aiming for profits at $3,100, could be worthwhile—with a cautious stop-loss set below $3,030.

On the 4-hour chart, ethereum is exhibiting a downward trend with lower highs and lows, underpinned by support at $3,014.5 and resistance ranging from $3,150 to $3,200. Strong selling activity confirms resistance at $3,200. A breakout above $3,150 may turn the tide, but if support at $3,015 fails, lower levels are likely to be tested. Risk-averse traders might wait for clearer signals before making moves, keeping stop-losses tight amid the volatility.

Ethereum experienced a strong climb from $2,355.6 to $3,451.8, followed by a period of consolidation near $3,100. The inability to clear the $3,200 to $3,300 resistance zone led to a healthy pullback. Support between $3,000 and $3,050 remains critical. A drop below $3,000 could push prices toward $2,800, while a solid defense could lay the groundwork for another climb toward $3,450.

Indicators present a mixed bag: the relative strength index (RSI) at 60.2 and the Stochastic at 67.6 points to a neutral stance, signaling a tug-of-war between buyers and sellers. Meanwhile, the moving average convergence divergence (MACD) at 151.5 leans bullish, though the momentum oscillator at 116.3 reflects bearish tendencies. This combination suggests that traders should seek strong confirmation before making moves.
Longer-term moving averages (MAs) reveal a positive trend. The 50-period exponential moving average (EMA) at $2,765.0 and the 200-period EMA at $2,798.8 indicate buying opportunities, while the short-term simple moving average (SMA) at $3,156.9 shows bearish divergence. Traders can use these insights to craft entry and exit plans aligned with their chosen timeframes.
Bull Verdict:
Ethereum remains poised for potential upward momentum if it holds key support levels around $3,044.5 and manages to reclaim resistance zones above $3,150. With bullish indicators from the MACD and longer-term EMAs signaling buying opportunities, a rebound could set the stage for another rally targeting $3,450. Traders with an optimistic outlook may find this a promising setup to capitalize on near-term market opportunities.
Bear Verdict:
The market faces heightened risk as ethereum struggles to maintain critical support levels near $3,015. Increased selling pressure, bearish chart patterns, and short-term SMA divergence suggest the possibility of further declines. If support at $3,000 gives way, the price could slip toward $2,800, leaving cautious traders to await stronger signs of stabilization before considering entries.

#binance #wendy #bitcoin #eth $BTC $ETH

Several factors are contributing to Bitcoin's recent rise and altcoins' relative decline:
1. $BTC Dominance:
Bitcoin's dominance, measured by its market capitalization compared to the total crypto market, has been increasing. This indicates that investors are favoring Bitcoin over altcoins.According to CoinMarketCap, Bitcoin's dominance has been steadily rising in recent months, reaching levels not seen since 2021.
2. Regulatory Scrutiny on Altcoins:
Some altcoins are facing increased regulatory scrutiny, particularly in the US, which could be deterring investors.For example, the SEC has been actively investigating and taking action against several altcoin projects, raising concerns about their legal status and future prospects.
3. Market Sentiment:
Market sentiment is currently favoring Bitcoin, potentially due to its perceived stability and established position as the leading cryptocurrency.Many analysts and investors view Bitcoin as a safer and more reliable investment compared to altcoins, which are often associated with higher risk and volatility.
4. Historical Market Cycles:
Historically, Bitcoin often leads the way in bull markets, with altcoins following suit. We may be in a similar phase where Bitcoin is leading the charge, and altcoins could potentially catch up later.This pattern has been observed in previous market cycles, and many analysts believe it could be repeating itself.
5. Investor Behavior:
Some investors may be taking profits from their altcoin holdings and moving them into Bitcoin, further contributing to the shift in market dynamics.This behavior is driven by a desire to secure profits and reduce risk, as Bitcoin is perceived as a more stable and less volatile asset.
#Btc #eth #doge

Ripple’s CEO has warned against SEC Chair candidates tied to past enforcement controversies, urging leadership that fosters innovation and ends punitive crypto regulation.

A Name Sparks Debate: Ripple CEO Slams SEC Chair Prospect
Brad Garlinghouse, CEO of Ripple, has criticized the potential appointment of Caroline Stebbins as the next U.S. Securities and Exchange Commission (SEC) Chair, warning it could harm the crypto industry. Posting on social media platform X Monday, Garlinghouse stated:
In a group of strong candidates for SEC Chair, it’s unconscionable to consider someone directly involved in Bill Hinman’s unethical (likely illegal) push to pick winners and losers in crypto. Choosing Stebbins would be akin to bringing us back to the start of the regulation by enforcement era.
This criticism comes amid expectations that current SEC Chair Gary Gensler will step down after Thanksgiving, with reports suggesting he may leave in early January, ahead of President-elect Donald Trump’s inauguration. Trump has pledged to dismiss Gensler immediately, raising speculation about who will lead the agency next.
Paul Atkins, Dan Gallagher, Brad Bondi, and Bob Stebbins are among those some believe to be under consideration for SEC Chair. Atkins and Gallagher are seen as more industry-friendly, while Stebbins faces opposition from crypto advocates due to her involvement in controversial enforcement actions, including the ongoing Ripple case. John Reed Stark, former head of the SEC’s Internet Enforcement division, has warned of risks under some candidates, cautioning against weaker oversight. Crypto proponents, meanwhile, hope new leadership will bring clearer and less punitive regulatory policies. SEC Commissioner Hester Peirce is reportedly not interested in the position, and SEC Commissioner Mark T. Uyeda has also emerged as a potential contender.
William “Bill” Hinman is a former director of the SEC’s Division of Corporation Finance, where he served from 2017 to 2020. Critics have accused him of picking winners and losers in the cryptocurrency industry due to his 2018 speech, where he stated that ether (ETH) was not a security, while not providing similar clarity for other cryptocurrencies like XRP.
Ripple has been entangled in a lawsuit with the SEC since 2020 over allegations that XRP token sales were unregistered securities offerings. In 2023, a judge issued a partial ruling in Ripple’s favor. The SEC has appealed portions of the decision, leaving the case ongoing and critical for the future of crypto regulation.
However, Garlinghouse has predicted a transformative era for cryptocurrency in the U.S., attributing the shift to anticipated relaxed regulatory oversight under President-elect Donald Trump. He described Trump as a crypto president who embraces innovation and entrepreneurship, signaling the end of restrictive SEC actions. Confident in the industry’s future, Garlinghouse urged a departure from regulation by enforcement, calling this moment “a totally new day” for crypto innovation.

#binance #wendy #bitcoin #eth #web3 $BTC $ETH $BNB