Etherum has formed a head-and-shoulders pattern, which will be completed on a break and close below the neckline.
As the neckline is sloping up, the bearish pattern is relatively less reliable, but traders should not neglect it. The downsloping 20-day exponential moving average ($3,451) and the relative strength index #RSI in the negative territory indicate that bears hold the edge. If the price turns down from the current level or the 20-day EMA and breaks below the neckline, the ETH/USDT pair risks falling to $2,850.

If bulls want to prevent the downside, they will have to drive the price above the 20-day EMA. The pair could then climb to $3,745.
$ETH #POV #NotAnAdvice
This Is Not An Investment Advise

$ENA
Galaxy Digital, a leading cryptocurrency investment firm, has made headlines by selling 10.85 million ENA tokens at an average price of $1.144, earning a profit of $2.37 million. This strategic selloff is part of a broader divestment, with the firm transferring 4.46 million ENA tokens worth $4.92 million to Binance just nine hours earlier. In total, over the past 29 hours, Galaxy Digital has liquidated $12.4 million worth of ENA tokens, contributing to market instability.

𝐖𝐡𝐚𝐥𝐞 𝐌𝐨𝐯𝐞𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐄𝐍𝐀
𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐦𝐩𝐚𝐜𝐭🎉🎉🎉

#GalaxyDigital isn’t the only major player shaking up the ENA market. In the last 48 hours, three significant whales, including Galaxy Digital, have moved 25.81 million ENA tokens (valued at $30.43 million) to major exchanges like Binance and Bybit. This influx of tokens into the market has added to the current price volatility, leading to a sharp decline in ENA’s value.

At present, $ENA is trading at $0.9951, reflecting a steep 13.71% drop over the last day. The token’s market cap now stands at $3.01 billion, while trading volume has surged by 30.44% in the past 24 hours to $613.15 million, resulting in a volume-to-market cap ratio of 20.12%. ENA’s total value locked (TVL) is $5.89 billion, with a market cap-to-TVL ratio of 0.5162, signaling a challenging market environment.

𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: 𝐁𝐞𝐚𝐫𝐢𝐬𝐡 𝐒𝐢𝐠𝐧𝐚𝐥𝐬 𝐚𝐧𝐝 𝐊𝐞𝐲 𝐋𝐞𝐯𝐞𝐥𝐬💥

Technical indicators paint a bearish picture for ENA. Resistance levels are positioned at $1.09 and $1.21, while immediate support rests at $0.99. A breach below this support could drive prices down to $0.95. The 4-hour chart reveals a bearish crossover, with the 9-day moving average falling below the 21-day moving average, indicating continued downward momentum.

The Relative Strength Index (#RSI ) is at 46.27, reflecting neutral market conditions, though a recent dip to 29 indicated brief overselling, potentially drawing in bargain hunters. Meanwhile, the Bollinger Bands have widened, signaling heightened volatility. The price’s position below the middle band reinforces the prevailing bearish sentiment, with the lower band near $0.95 acting as a possible target if the downward trend persists.

The Moving Average Convergence Divergence (MACD) indicator further underscores the bearish outlook. The MACD line is below the signal line, and the histogram shows increasing negative divergence, suggesting mounting selling pressure.

𝐎𝐮𝐭𝐥𝐨𝐨𝐤👀🚨

𝐆𝐚𝐥𝐚𝐱𝐲 𝐃𝐢𝐠𝐢𝐭𝐚𝐥’s large-scale selloff has exacerbated ENA’s market challenges, driving significant price volatility. While entry and exit points in this evolving market landscape.
#ENAUSDT🚨 #ShareYourTrade #OnChainLendingSurge $ENA

Table of Contents:
6. Contract liquidation map, intuitively reflecting risk control positions;
7. Trading Analysis;
8. Token Overbought and Oversold Situation.
9. Hotspot Interpretation: The correlation between BTC and the S&P 500 is decreasing; could it reach a historical high?



6. BTC Contract Liquidation Map, intuitively reflecting the main risk control positions.
According to the latest data from the CoinAnk liquidation map, if the BTC price breaks above $104,000, $904.8 million worth of short positions will be liquidated;
If the BTC price falls below $98,200, $2.144 billion worth of long positions will be liquidated.
These data intuitively reflect the main capital risk control positions and can also serve as a reference for trading or entering.

Bitcoin's price performance as 2024 comes to an end worries investors. At the 50 EMA, a level essential to sustaining bullish momentum, Bitcoin$BTC
has lost its main support. This break signals a substantial change in market sentiment and raises the prospect of additional declines as 2025 gets underway. A bearish signal, the 50 EMA's loss could lead to more selling pressure, particularly if traders expect the downtrend to continue. The 200 EMA, which is around $76,160, and the psychological level, which is at $85,457, are the next important support levels. Even more severe drops may occur in the first quarter of 2025 if Bitcoin is unable to stabilize at these levels.

Recent trading session volume profiles point to waning market activity, which makes Bitcoin even more vulnerable. A recovery to retest the 50 EMA appears unlikely in the near future in the absence of strong buying pressure. Nonetheless, it might indicate a brief recovery and reestablish some market confidence if bulls are able to push Bitcoin back above the 50 EMA in the upcoming days.

Bearish momentum may not yet be exhausted, as indicated by the Relative Strength Index (#RSI ), which is trending lower while remaining in the neutral zone. Given the current lack of robust institutional or retail demand, the outlook is still cautious. The climate for Bitcoin is going to be difficult in 2025. A strong catalyst is required by the market to prevent further losses, which could include technical recovery above critical levels such as $96,472, macroeconomic changes or renewed institutional interest.
#CryptoReboundStrategy