š Ethereum is Making a Strong Comeback: 50% Surge in May and a Path to $5,000?
After five months of decline, Ethereum (ETH) has staged an impressive recovery ā in just 14 days this May, it regained 50% of its total losses! š
This sharp rebound was fueled by the recent Pectra upgrade, Ethereumās most significant update since 2022, which enhanced user experience and network scalability. Thanks to these improvements, ETH surged 45% in May, outperforming Bitcoinās 10.7% and Solanaās 20.6% gains during the same period.
Analysts predict that Ethereum could soon reach, or even surpass, the $5,000 mark by the end of the year. This forecast is based on increasing institutional interest, especially following the approval of spot Ethereum ETFs, and a rising number of open positions in the derivatives market.
š Key Factors Driving ETHās Growth:
Rising institutional investments, including major buys from players like BlackRock.
Growing market optimism fueled by expectations of further price increases.
Strong technical indicators suggesting a continued uptrend.
š ETH Price Predictions for 2025:
CoinCodex forecasts a potential rise to $6,659 by spring 2025.
Standard Chartered Bank sees ETH possibly reaching $14,000 by the end of 2025. š„ Conclusion: Ethereum is showing strong signs of recovery and potential for continued growth. If current trends persist, surpassing the $5,000 milestone could become a reality in the coming months. Investors and enthusiasts are closely watching as ETH regains momentum.
ETH ETF Decision Incoming: Will Ethereum Make History?
The SEC is set to rule on the first spot Ethereum ETF by May 23rd. While approval odds are low, even a hint of progress could send ETH flying.
A rejection might spark short-term volatilityābut the long-term fundamentals? Still rock solid. Wall Street is watching, and an ETF would unlock massive institutional capital.
Ethereum is dancing near key price levels. The tension is real. The potential? Huge.
Is ETH about to have its own "Bitcoin ETF moment"?
š Yesterday, we observed an interesting development on the daily chart. The candle closed below the previous one, forming a "turtle soup" pattern, often signaling a potential continuation of the downtrend.
š Today, the price is moving downward, gradually approaching the swing low level. We are currently in a bearish trend, so it's crucial to analyze the situation carefully before deciding to open any positions.
š” My opinion: The price might drop to the critical level of $0.35, which could serve as strong support for a potential reversal. If this scenario plays out, we could see a recovery and a potential rise toward $0.60 next week.
š Tips:
Monitor support and resistance levels.
Manage your risk responsibly.
Stay cautious and avoid rushing decisions.
The crypto market is unpredictable, but with proper planning and analysis, you can make better-informed decisions. š
How I said if the price want continue high it must first go in FVG and also give a sellers chance to involved.And then it chan go high to another level 0,60$
CryptoNewsHub
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I think the price from tomorow will go down in fvg if you look week timeframe and then go high.Becouse at high timeframe fvg is stronger than in low timeframe.
I think the price from tomorow will go down in fvg if you look week timeframe and then go high.Becouse at high timeframe fvg is stronger than in low timeframe.
Aliza_Crypto_786
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Bearish
$DOGE $DOGE
šš DOGE/USDT: Is the Next Big Move Around the Corner? šš
DOGE is trading at $0.42877, slightly down -0.81% on the day, but donāt let that fool youāthis meme coin heavyweight has shown 162% gains in 30 days and a jaw-dropping 335% over 90 days. Currently consolidating, itās poised for its next major breakout.
š Key Levels to Watch:
Resistance: $0.43744 is the level to beat. A breakout here could push DOGE toward $0.44-$0.45, igniting the bulls.
Support: $0.42425 offers immediate protection, with stronger support at $0.41 in case of deeper corrections.
š Entry Strategy:
Breakout Traders: Wait for a clear move above $0.43744 to ride the momentum to new highs.
Dip Buyers: Target entries between $0.41-$0.42, where DOGE offers lower-risk opportunities.
With its 414% yearly surge, DOGE continues to prove its staying power in the crypto space. The question isāare you ready to capitalize on its next move? Stay sharp, stay bullish! š„
Dogecoin on the weekly timeframe is currently showing respect for the candle! š„ This indicates a strong possibility that the price might first move down toward the FVG (Fair Value Gap) zone before starting its upward trend again šā”ļøš.
ā ļø What does this mean for you? This is the moment to be patient and careful! Opening positions randomly can lead to losses. Instead, we recommend focusing on the 4H or 1H timeframe. š These timeframes will give you clearer confirmations of price movements and help you avoid unnecessary risks.
š” Tips:
Monitor support and resistance levels.
Donāt enter a position without strong confirmation.
Stay flexible and ready to adapt.
The crypto market is dynamic š, and mistakes can be costly. But with the right approach, this could be a great opportunity for profit! š° Watch closely and always have a solid strategy. šāØ
Question for you: What scenario do you expect? Let us know in the comments! ššÆ
As highlighted in my previous analysis, DOGE is currently sitting in a key order block, signaling potential upward momentum! š„ If the current candle doesnāt close below the previous one, this will act as another confirmation for a bullish move ā a textbook Turtle Soup setup. š¢
ā”ļø Whatās next? On the 4H timeframe, watch out for a bull FVG (Fair Value Gap). If DOGE retraces into that zone, it could be an ideal spot to open a long position. šÆ
Patience is key ā wait for the right zone and solid confirmation before entering!
Whatās your take on this setup? Let me know below! š
Hey everyone! If you've been following Fetch.ai, you've probably noticed the recent price jumps. š¢ But be careful! This is not a moment for doubt or panic.š± Even if we see temporary dips, it's just a BEAR TRAP! š»š« Don't fall for the stories that the price will drop in the long run.
Hereās why you should stay positive:
1. Strength of the Bull Phase:š„ Fetch.ai is in a bull phase, which means the overall upward trend is strong and supported by solid fundamentals. š More projects and partnerships are emerging, increasing the utility and adoption of Fetch.ai technology.
2. Bear Trap:šµļøāāļø A bear trap is a tactical move by the market to create the illusion that prices will drop, aiming to scare investors into selling their holdings.š¤ Smart investors know this can be a buying opportunity at a lower price!
3. Technical and Fundamental Analysis:š§ Technical analysis shows strong growth signals, and fundamental analysis confirms that Fetch.ai has a lot of room for progress.š Their technology, including autonomous agents and advanced AI, is attracting more and more attention.
4. Long-Term Vision:š Fetch.ai is committed to developing decentralized solutions that will shape the future of the internet and smart networks.š” Their vision attracts investors who believe in the long-term potential of the project.
What to do?
- Hold on to your investments! šŖ If you believe in Fetch.ai, don't let short-term dips knock you out of the game. - Study the market and plan long-term. š It's always wise to stay informed and have a strategy. - Seize opportunities. šļø Bear traps can be a chance to buy more at discounted prices.
š Fetch.ai is on its way to the stars! š Donāt be fooled by short-term fluctuations ā stick to your convictions and watch your portfolio grow! š
š HODL your tokens! š
I hope you like it! Good luck with Fetch.ai and may your portfolio thrive! šāØ
Why is Everyone Silent When FETCH.AI is Rising? š¤š
Remember a few days ago when FETCH.AI (FET) dropped to $1.10? š±š Many were quick to sell, thinking all was lost... But now, in the last 48 hours, FET has surged to $1.71! š®š„
Why is everyone talking about AI as the future? Well, itās simple - AI technology is growing at a dizzying pace and transforming the world around us. From autonomous vehicles to smart assistants, AI is everywhere! šš¤
Maybe itās time to ask ourselves: can AI cryptocurrencies like FETCH.AI outshine popular gaming cryptocurrencies? š®š®
Letās Think About It... š¤š
Here are a few things to consider:
1. AI technology continues to grow and integrate into all aspects of our lives. š 2. FETCH.AI and other AI cryptocurrencies are at the forefront of this revolution. š 3. Gaming cryptocurrencies are popular, but AI offers a much broader range of applications. š® vs š¤
Perhaps we should all take a closer look at the potential that AI holds? What do you think? š¤
Will We Learn From This? š§ āØ
The cryptocurrency market is unpredictable, and such jumps and drops happen often. šš Will people finally realize that AI has a massive future? š®
"It does not matter how slowly you go as long as you do not stop."
This saying underscores the importance of stability. In the realm of cryptocurrencies, consistency proves challenging for investors but is not unachievable. Robert Kiyosaki recently highlighted the importance of stability in his post on X, emphasizing consistent investment in Bitcoin. Letās delve into Kiyosakiās message. šāØ
š Why is Kiyosaki Passionate About Bitcoin? š
In a heartfelt post, Kiyosaki shared his strong feelings on the subject. He confessed that he struggles to keep calm when urging people to invest in Bitcoin. š¤š°
š Are Bitcoinās Low Prices Gone Forever? š
One common excuse Kiyosaki hears is that Bitcoin is ātoo expensive.ā Kiyosaki argues that despite its current price, Bitcoin has significant growth potential. Emphasizing that Bitcoin will never return to its old, cheaper prices, Kiyosaki advises investors to ābuy as much as you can and keep buying.ā šš
š Key Takeaways for Investors š
Kiyosakiās insights offer practical advice for investors:
This underscores the importance of a disciplined approach to cryptocurrency investment. ššŖ
š Conclusion š
Time passes, making stability in investments crucial. Achieving wealth doesnāt happen overnight, especially in cryptocurrencies. For investors, adopting a consistent purchasing strategy is essential. As Kiyosaki advises: Keep buying. ššāØ
Possible Changes in U.S. Monetary Policy: Impact on Cryptocurrencies
If the U.S. does not lower interest rates, cryptocurrency prices could drastically fall š¢
Recently, all eyes have been on the Federal Reserve and its decisions regarding interest rates. If the Federal Reserve decides not to lower interest rates, the price of cryptocurrencies could face a significant drop.High interest rates often lead to reduced market liquidity,negatively affecting investments in risky assets like cryptocurrencies. In this scenario, investors might turn to safer investments, leaving cryptocurrencies at risk. š
Potential interest rate cuts and the possible rise in cryptocurrency prices š
On the other hand, if the U.S. decides to cut interest rates, cryptocurrency prices could rise rapidly. Lower interest rates increase market liquidity, encouraging investors to seek higher returns on alternative investments such as Bitcoin and other cryptocurrencies. This scenario could bring a new wave of optimism to the crypto market, potentially leading to an explosive price surge. š
Influence of European policy and the state of U.S. banks šø
It's important to note that Europe has already lowered its interest rates to stimulate economic growth and stability. This move might pressure the U.S. to follow suit. Additionally, recent reports indicate that 67 U.S. banks have declared they are on the brink of bankruptcy, further highlighting the need for monetary easing to prevent a financial crisis. š¬
The U.S. as a leader in Bitcoin? šŖ
As we all know, the U.S. likes to be first in everything, including Bitcoin. Given the current market conditions, the U.S. government might take steps to maintain its dominant position in the cryptocurrency world. Lowering interest rates could be a key factor enabling the U.S. to stay on top in this sector. š
What do you think? š¤
How will interest rate decisions impact the cryptocurrency market? Share your thoughts in the comments! šš¬
U.S. President Joe Biden previously made it clear that he does not support cryptocurrencies, citing risks such as money laundering, terrorism financing, and tax evasion.
Accepting Donations
However, Biden's re-election campaign is now accepting donations in cryptocurrencies through Coinbase. This move has sparked reactions among citizens and critics, calling it hypocritical. The decision comes as Biden's campaign needs significant funds for the upcoming elections. š®
Question of Integrity
Will citizens see this behavior as shameless and insincere? Biden's previous opposition to cryptocurrencies and current acceptance of donations brings his integrity into question. Critics wonder if, should Biden win, he will again change his stance on the crypto world to suit political needs. š¤
Trust in Leadership
Trust in a leader who changes positions as needed can be undermined. If Biden can change his stance on cryptocurrencies so quickly, it raises the question of what other policies he might change in the future. Is this a sign of opportunism and political calculation instead of principled leadership? š¤Ø
The Crypto Scene in the U.S.
The crypto community in the U.S. is closely watching. This move by Biden's campaign could have long-term implications for crypto regulation. Will politicians view the crypto world through their financial and political interests? š
Conclusion
It remains to be seen how voters will react. Will citizens see this change as hypocritical and opportunistic, or will Biden's campaign convince the public itās a step in the right direction? If Biden wins, will he change his mind about the crypto world again to suit political needs? š¤
š ASI Token Launch Rescheduled: Hereās Why! š
šļø New Date: July 15, 2024 š Tokens: $FET, $AGIX, $OCEAN
The Artificial Superintelligence Alliance (ASI), which includes SingularityNET, Fetch.ai, and Ocean Protocol, has rescheduled the ASI token merger to July 15, 2024, to ensure a smoother transition and integration. Originally set for June 13, this new timeline aligns better with the needs of exchanges, validators, and other partners in the ecosystem. ā³
Key Points:
- Smooth Integration: The delay will help avoid disruptions and ensure all technical aspects are properly handled.
- Third-Party Coordination: Time will be used to finalize work on third-party connectors and ensure everything is in place.
- Independent Trading: Until the merger, $FET, $AGIX, and $OCEAN will continue to trade independently.
Fetch.ai announced via their official X channel:
āThe rescheduling enables us to meet and even go beyond the needs and specifications of our partner ecosystems for the new ASI network and token.ā š CEO Humayun Sheikh emphasized:
āThe extra time will help make the changes needed and carry out the merger with the utmost precision and minimal errors.ā šÆš Looking Forward:
The ASI token launch is a significant milestone for the AI and blockchain industries, expected to enhance decentralized network functions and advance AI systems. Stay tuned for this exciting development! šš” #Fetch_ai #Follow_Like_Comment #agixusdt #BTCā
Solana To Flip Ethereum And Become āAltcoin Leaderā In Next Bull Cycle: Analyst š
Solana and top cryptocurrencies like Ethereum and Bitcoin are struggling at spot rates. Following the plunge on June 6, prices are under pressure, cementing the position of sellers who have been dominant since late May 2024.
Will The Solana Uptrend Remain? š
Even so, some analysts are upbeat, expecting not only altcoins to recover in the sessions ahead but specifically for Solana, a top-5 coin, to emerge as a leader in the next cycle. š
Of note, this will continue the trend seen from the better part of H2 2023, when the coin rose from obscurity to become one of the top performers, even outdoing Bitcoin. Looking at the daily chart, SOL is up 100% from January 2023 lows and roughly 8X from the pits of September 2023. š
Even though there has been a cool-off after the rally to as high as $210 in March 2024, the uptrend remains. So far, SOL is down 25% from March peaks, with prices retesting a key support trend line. As bulls soak in selling pressure, attempting to reject bears of June 6, keeping prices above $160 will be crucial. šŖ
š Bitcoin to $88K? Hereās What You Need to Know! š
Bitcoin has been quietly consolidating, setting the stage for a potential breakout. š
Current Status: - BTC Price: $69,515.89 - Market Cap: Over $1.3 trillion - Weekly Gain: +2%
Despite recent sluggishness, many metrics suggest bullish momentum. š
Key Insights:
1. Bullish Pattern: Crypto analyst Tradigrade points out BTC is in a bullish pennant pattern. A breakout could propel BTC to new highs. ššš„
2. Pi Cycle Indicator: Glassnodeās data shows BTC is nearing its market bottom, hinting at a surge above $88K. The Pi Cycle Top indicator, which combines the 111-day and 350-day moving averages, supports this bullish outlook. š
3. Exchange Reserve: Data from CryptoQuant reveals a drop in BTCās exchange reserve, indicating strong buying pressure. šŖš
4. Long-Term Holders: The Binary CDD shows low activity from long-term holders, suggesting confidence in BTC's future rise. š”ļø
5. Derivatives Market: Increased funding rates and a positive Taker Buy Sell Ratio signal high buying sentiment among derivatives investors. š¹ Cautionary Notes: - Indicators Mixed: While there are strong bullish signs, some indicators like the MACD are showing a bearish crossover. š - RSI & CMF: Both are moving sideways, indicating potential short-term caution. š¤
Stay tuned for more updates as we watch Bitcoinās next moves! š
š Bitcoin ETFs Reach Record $1.8 Billion Inflows! Why Didnāt the Price Soar? š
Bitcoin recently hit a milestone, with inflows into Bitcoin ETFs reaching $1.8 billion! Despite this, Bitcoinās price remained flat, puzzling many. Nic, CEO and co-founder of Coinbureau, offers a theory to explain this paradox. š¤
Has the Role of Bitcoin ETFs Diminished? š§
Nicās theory involves ācash and carry,ā where major funds short Bitcoin futures while buying Bitcoin through ETFs. They profit from the price difference between futures and spot markets, creating a ādelta neutralā position that hedges market risk, resulting in no impact on the spot market despite ETF inflows. šš
Supporting this is the CME (Chicago Mercantile Exchange) futures market, where open interest in Bitcoin futures has surged to near-record levels. Futures traders, especially sellers, manage risk through delta hedging, taking offsetting positions to mitigate Bitcoin price movements. š
Why Didnāt Bitcoinās Price Increase? š
Delta hedging by futures sellers might counteract ETF buying pressure. While ETFs push prices up by purchasing Bitcoin, futures sellers balance their risk, potentially neutralizing the ETF inflowās price impact. This could explain the lack of significant price movement despite the $1.8 billion inflow. āļø
Key Insights for Investors š”
Critical takeaways:
1. Large ETF inflows donāt necessarily increase prices due to sophisticated trading strategies. š¼ 2. Delta hedging in futures markets can neutralize spot market purchases. š 3. Understanding spot and futures market dynamics is crucial for informed investments. š
In conclusion, the interaction between ETF inflows and futures market strategies significantly impacts the cryptocurrency market. Recognizing these dynamics is essential for investors navigating Bitcoin and other cryptocurrencies. šš