#ETH is at major support. If it breaks, $2587 is coming 🔥🚀 | Cryptowaheed on Binance Square

Trending Articles

Bookmarked and Liked

--

#ETH is at major support. If it breaks, $2587 is coming 🔥🚀🚀.
Are you agreed my analysis.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

ETH

2,611.67

-1.26%

478

0

Replies 0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@waheed_crypto

Explore More From Creator

$AUCTION it is a shit coin.

--

Certainly! Here's a draft for a Binance post about the recent ETH/USDT market activity: 📉 ETH/USDT Market Update 📉 Ethereum (ETH) has experienced a significant drop in the past 24 hours, currently trading at $2,340.00, down by 19.30%. 🔹 24-Hour High: $2,935.46 🔹 24-Hour Low: $2,111.00 🔹 24-Hour Volume: ETH: 1.04M USDT: 2.69B The recent market activity shows a substantial decline, with the price plummeting to $2,111.00 before recovering slightly. The 99-period Moving Average (MA) is at $2,815.84, indicating the extent of the drop. Stay updated with the latest market trends and make informed trading decisions. For more details and real-time updates, visit Binance. Feel free to adjust any details or add more information as needed!

--

Btc's next movement The chart you've provided is a candlestick chart from Binance showing a significant drop in the price of a cryptocurrency, presumably Bitcoin, given the context. The current price is $55,094.67, which is down 8.93%. Here's an analysis of the scenario and potential next steps: Current Market Analysis Price Action: The price dropped sharply from a high of $59,583.00 to a low of $52,300.17. There's a slight rebound with the price currently at $55,094.67. Indicators: Moving Average (99-period): The moving average is at $59,649.39, indicating the long-term trend is still above the current price. Volume: High trading volume (53,109.02 BTC) suggests significant activity, likely panic selling followed by some buying. Support and Resistance: Support: The recent low at $52,300.17 acts as a critical support level. Resistance: The moving average at $59,649.39 and recent high at $59,583.00 are key resistance levels. Possible Scenarios and Next Steps Scenario 1: Continuation of Downtrend: If the price fails to stay above $55,000, it might retest the support level at $52,300.17. A break below $52,300.17 could lead to further declines, potentially targeting the next psychological support level around $50,000. Scenario 2: Short-term Rebound: If the price consolidates above $55,000 and gains momentum, it might aim to test the immediate resistance at $57,656.18. Sustained buying could push the price towards the moving average around $59,649.39. Scenario 3: Sideways Movement: The price may consolidate between $52,300.17 and $57,656.18, indicating indecision in the market. Traders might wait for a clearer direction or further news to influence the price movement. Trading Strategy Short-term Traders: Consider placing stop-loss orders below $52,300.17 to limit losses. Look for short-term buying opportunities if the price shows strong support around $55,000. Long-term Investors: Evaluate the fundamentals and potential market news. Large price drops can present buying opportunities, but caution is advised given the volatility.

--

The chart for SOL/USDT on Binance shows a significant drop to a low of $121.93, with a current price of $132.04, down 7.09% in the past 24 hours. Here’s a brief analysis of the next possible market scenarios: Potential Bounce: Support: The recent low of $121.93 could act as a support level. If the price holds above this level, a bounce back towards the previous levels around $140-$150 is possible. Volume Surge: The significant green volume bar at the recent low suggests buying interest at this price point, which could support a short-term rebound. Continued Downtrend: Resistance: The moving averages (MA) at $138.24 (7-period) and $140.59 (25-period) are above the current price and may act as resistance levels, limiting upward movement. Lower Support: If the price falls below $121.93, it could trigger further selling, pushing the price towards lower support levels around $110 or even $100. Sideways Movement: Consolidation: After a significant drop, the price might consolidate between the $121.93 support and $138.24 resistance levels, resulting in a sideways market before deciding on the next major move. Indicators to Watch: Volume: Continued high trading volume will indicate strong buying or selling pressure. Moving Averages: Watching the interaction with moving averages can provide clues about potential resistance or support. Market Sentiment: Broader market sentiment for cryptocurrencies can influence SOL’s price movement. In summary, the next market scenario will likely be influenced by whether the price can hold the support level around $121.93 and if it can overcome the resistance from moving averages.

--

Needs to hold the 52-53k area. The market is falling freely, showing no respect for support levels. Below 52k is the worst-case scenario.

--

Latest News

Celestia Labs Reveals Mammoth Mini Testnet Results

--

Sofiane Larbi Joins Paradigm As Entrepreneur In Residence

--

NGV Co-Founder And MakerDAO Founder Engage In Significant ENA Transactions

--

IMF Predicts Global Inflation To Fall To 3.5% By 2025

--

JellyC And Trovio Asset Management Merge To Attract Institutional Investors

--

Trending Articles

🚀XRP Set for Major Surge? Anticipation Grows Ahead of October 24, 2024, Surprise Event💥🤯🔥

The Coming Storm: The Most Expensive Market in History and the Inevitable Crash

Crypto Revolution Masters

How to Avoid the 7 Most Common Crypto Trading mistakes for beginners

Top 3 Altcoins Set To Pump 500x After US Elections, You Might Not Want to Miss the Last One!

TheCoinrise Media

Europe Fears Economic Fallout With Trump’s Potential Return to the White House

Cookie Preferences

ba-one-trust-cookie