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$ETH Ether price analysis ETH continues to trade inside the descending channel pattern, indicating that the bears are in control. The price is attempting to bounce off $2,850, an important level for the bulls to defend. If this level breaks down, the ETH/USDT pair could start the next leg of the downtrend to the channel’s support line. Time is running out for the bulls. If they want to make a comeback, they will have to start a recovery and drive the price above the resistance line. The pair may then rise to $3,357 and later to $3,730. #BTC #ETH #BinanceLaunchpool #bitcoinhalving #Memecoins

$ETH

Ether price analysis

ETH continues to trade inside the descending channel pattern, indicating that the bears are in control.

The price is attempting to bounce off $2,850, an important level for the bulls to defend. If this level breaks down, the ETH/USDT pair could start the next leg of the downtrend to the channel’s support line.

Time is running out for the bulls. If they want to make a comeback, they will have to start a recovery and drive the price above the resistance line. The pair may then rise to $3,357 and later to $3,730.

#BTC #ETH #BinanceLaunchpool #bitcoinhalving #Memecoins

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$XRP XRP to the 10$ at the end of August. #BTC #XRP #BinanceLaunchpool #MicroStrategy #Write2Earn
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#BTC $SHIB Why SHIB will make millionaires in the near future. About 24 hours ago, Shiba Inu (SHIB), the meme coin that gained popularity in 2021, saw a significant price increase of about 12% within 24 hours but later faced another downturn. One significant driver behind the recent price hike is the movements of huge tokens by whales within the meme coin market. These investors have been making substantial trades, particularly focusing on SHIB and PEPE. A recent example involves an anonymous whale who shifted their holdings from PEPE to SHIB. This investor liquidated their 1.97 trillion PEPE tokens, valued at over $6 million, and subsequently used the proceeds to acquire a staggering $75.9 billion SHIB, worth approximately $893 million. This significant shift in investment strategy from PEPE to SHIB highlights the whale’s confidence in Shiba Inu, potentially influencing other investors and contributing to the overall price increase. Speculation Surrounding a Potential SHIB ETF The ongoing speculation about a dedicated Shiba Inu exchange-traded fund (ETF) has generated significant enthusiasm among SHIB holders. Shytoshi Kusama, the lead developer of Shiba Inu, raised the question of a SHIB ETF’s feasibility, sparking community discussions. Grayscale is also advocating for a SHIB ETF and is nearing its goal of 10,000 signatures in a petition. This strong community support underscores the potential demand for such a financial instrument. Increased Trading Activity Beyond investor confidence and ETF speculation, Shiba Inu’s market activity has also witnessed a surge in trading volume. Data from CryptoQuant reveals a significant increase in SHIB transactions, with over 5.354 trillion coins, valued at more than $132 million, exchanged within a single day. This represents a substantial 169% jump compared to the previous day’s trading volume. Reports suggest that this surge is primarily driven by large whale transactions, indicating renewed interest from major investors. #BTC #Shiba #Write2Earn #XRP
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$NOT Notcoin (NOT) price has formed an ascending channel pattern on the 4-hour chart. An ascending channel is price action located between parallel upward-sloping lines. Higher highs and higher lows characterize this price pattern. Ascending channels are used to show the upward trend in the price of an asset. At the time of writing, the price of Notcoin (NOT) was recorded at $0.014. If the price continues to move within the pattern, it could reach the resistance levels of $0.015 and $0.019. If the trend reverses, NOT price could fall to the support levels of $0.011276, $0.013263, and $0.007483. #BTC #Megadrop #Write2Earn #BinanceLaunchpool #MicroStrategy
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