$ETH Ethereum: Poised for a Breakout with its Monumental Ascending Triangle
The Ethereum blockchain, the world's second-largest cryptocurrency by market capitalization.
Ascending Power: Decoding the Triangle
Imagine a triangle on your chart, where the price of Ethereum keeps getting squeezed between a horizontal resistance line acting as a ceiling and a rising trendline providing support like a ramp.
Bullish Implications: Why This Triangle Matters
Ascending triangles are generally considered bullish continuation patterns. They often emerge after a strong price increase, indicating a consolidation phase where buyers and sellers wrestle for control.
A Measured Move: Anticipating the Breakout
If a breakout above the resistance line occurs, technical analysis suggests a price target derived from the triangle's height.
Ethereum's Ascending Triangle: A Cause for Optimism?
Astonishing to see so many top #altcoins at such low levels relative to #btc performance (thx to ETF.)
Here are two great examples:
1. $ARB - This is an L2 #blockchain for scaling Ethereum. It uses Optimistic Rollups technology, which allows for lower fees.
2. $SUI - This is an L1 blockchain with low latency and high throughput. The blockchain code is written in Rust, a language geared towards fast transaction execution.
This one performed well, but still interesting imho:
3. $ENS - This is a system for purchasing domain names on the #Ethereum blockchain. An ENS-registered domain name is linked to the owner's blockchain address and is an NFT.
If you still dont have #CryptoNewss , you can still make it this cycle! There are gems that are arguably undervalued.
Nimiq is now an official member of the #USDC✅ Alliance!
This gives us direct communication with @Circle USDC , the organization behind $USDC; elevating Nimiq's support and user experience for USDC on @Polygon .
Big news! Google is moving to non-scroll AI search technology, but guess what? is already ahead! 🥇
For over two years, the team has been perfecting a system where you post a sentence about what you’re looking for, and the AI does the heavy lifting, scanning descriptions, reviews, categories, and pictures. The result? Highly accurate matches without the need for endless scrolling.
This game-changing tech isn’t just vaporware; it’s already in beta. Compare this to Amazon, eBay, Airbnb, and Autotrader who haven’t even announced plans for similar tech yet.
Three Protocol is making this advanced AI search available on a B2B subscription basis, paid in $THREE with a 40% revenue share for the community.
Now is the time to pay attention to $THREE. The future of e-commerce is here, and it’s powered by AI. 🚀