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Ethereum (ETH) Technical Analysis ETH traders use a variety of signals and technical indicators to predict the trajectory of the price. Although not all methods are necessary to accurately forecast the direction of the market, some key indicators are more commonly used. Identifying Ethereum support and resistance levels gives traders insight into the market's supply and demand while also helping to identify trend reversals. In addition, chart patterns are also widely used by traders to form trend lines that help predict the next candlestick move. Various indicators such as RSI, MA and MACD can be used to determine the direction of long-term trends and attempt to predict future price movements. Price action is neutral, the price has fallen below the $3,330.43 horizontal resistance area after moving above previously. Such deviations are considered neutral signs. Despite this decline, ETH's price remains %89.82 positive since the beginning of the year. Current Ethereum coin price Ethereum price is currently at $3,476.99 (ETH/USD) with a market capitalization of 417.8B. The 24-hour trading volume is 3.4B USD, - %1.41512 shows negative. With a circulating supply of 120.2M, the price movement of Ethereum is currently negative. Fundamental analysis of Ethereum coin Fundamental analysis aims to evaluate the inherent value of an asset, while technical analysis involves examining statistical patterns in the price and volume of that asset. Both techniques are used to analyze and predict potential future price developments of that asset. In the case of ETH, the simplest way to perform fundamental analysis is to look at supply and demand dynamics. Additionally, market capitalization (417.8B) and circulating supply (120.2M) can be considered to make reasonable price assumptions for the future. On the demand side, it is possible to look at on-chain data related to the number of new and active addresses as well as the number of transactions.$ETH #ETH_ETFs_Trading_Today #BinanceSquareFamily #BinanceTurns7
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WILL BITCOIN INCREASE 12,000% IN THE NEXT 10 YEARS? Despite witnessing such a huge increase, financial experts believe that it would be "silly" to expect that in the next 10 years, the price of Bitcoin will continue to increase by 12,000%, meaning 1 Bitcoin will cost nearly 150,000 USD. The total GDP of the entire world will only reach more than 100,000 billion USD in 2023, so this assumption seems very unlikely to happen. Bitcoin's fixed supply limit will be the most attractive element of this digital currency. Globally, the total supply of Bitcoin is limited to 21,000,000 BTC coins. This number cannot be changed by anyone, including the founder Satoshi Nakamoto. As of April 2024, there have been about 19.7 million BTC mined and only about 1 million BTC left unmined. And after the upcoming halving, Bitcoin's supply growth rate will be lower than that of gold. (halving is the periodic reduction of the block subsidy provided to miners). Halving helps ensure that crypto assets will follow a stable issuance rate until maximum supply is reached. As the supply of a certain good gets lower and all else remains constant, the price will increase as people try to buy more. Therefore, technical experts believe that Bitcoin will also develop similarly. The supply of Bitcoin to the market also largely depends on cryptocurrency mining companies, but data on inventory and supply is very scarce. If miners sell their reserves, that could put downward pressure on prices. Since reaching a record high last month, Bitcoin price has recently dropped below $64,000. JP Morgan analysts said this week they expect prices to fall further after the halving. There is no evidence that previous halvings are what is driving bitcoin's next price rally. Traders and miners have studied previous halvings as follows: When the last supply reduction occurred on May 11, 2020, the price increased by about 12% in the following week and 659% in The next 12 months.#Bitcoin_Coneference_2024 $BTC
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What is the number one #crypto that #Binance should list next? 💥🚀 $SOL $BTC $ETH
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🎉 $FLOKI , $PEPE and $BONK Have Been Listed on @binance in 2023 🚀 Name 3 Potential #Memecoins that will Be Listed on #Binance in 2024? 👀📈
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BREAKING: #Bitcoin whales 🐳 accumulating more then EVER before! $BTC #BinanceVietnamSquare #SOL🔥🔥🔥🔥
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