Ethereum is grappling with a persistent bearish trend and notable selling pressure. Every attempt at a breakout has been quickly shut down by sellers.The price is testing crucial support levels, suggesting a higher chance of breaking down.
If the support fails, watch for a drop to around 2,111 or even 1,916 or even lower.
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October 4, 2024 ➖➖➖➖➖➖➖ MARKET ANALYSIS: Market Cap.: $2.13 Trillion 24h Volume: $80.25 Billion BTC Dominance: 56.9% ETH Dominance: 13.5% 🔸BK® Health Standard: 5 (1 to 10) 🔸BK® Sentiment: 47% (-100% to 100%) ➖➖➖➖➖➖➖ BINANCE ANALYSIS (USDT pairs): Top Gainers 1. FTT: +32% 2. SUPER: +10% 3. USTC: +9% Top Losers 1. VIDT: -20% 2. PROS: -19% 3. OMNI: -10%
BINANCE FUTURES: Top Gainers 1. REEFUSDT: +18% 2. USTCUSDT: +10% Top Losers 1. VIDTUSDT: -20% 2. ETHWUSDT: -12%
LARGEST VOLUME (24h) 1. USDT ($61000m) 2. BTC ($34600m)
DAILY OUTLOOK FTT, SUPER, and USTC are leading the market as the top gainers, showing strong performance. Meanwhile, BTC has successfully bounced back from the $60K support level and is attempting to regain upward momentum. As long as Bitcoin continues trading above this critical $60K mark, we can anticipate further bullish movement in the market. ➖➖➖➖➖➖➖ - Whales Pump Signal $BTC $BNB $ETH
Broken from above of the uptrend, which shows VERY strong bullish momentum, expecting to see some reversal to the upside from here. As long as we don't break below the support, BITCOIN IS BULLISH. 💹 🚀