$ETH is consolidating in the $2,520–$2,600 band after reclaiming $2,500 support
a tight squeeze before the next move. Bulls are eyeing a breakout above ~$2,600–$2,650 to trigger a push toward $2,800–$3,000.
Analysts highlight key resistance at $2,579–$2,965 and solid support between $2,428 (0.618 Fib) and $2,421–$2,345 IOMAP zone
A drop below ~$2,428 risks retesting the $2,300–$2,400 range as retention metrics dip
{spot}(ETHUSDT)
A million-dollar ETH wallet that has been untouched for 10 years has become active
A wallet that has been dormant since 2015 and holds 900 $ETH that was purchased for just $280 at the time has become active after 10 years.
The 900 $ETH wallet, which has remained untouched since Ethereum was launched in 2015, has become active after 10 years. In a transaction made at 21:22 Turkey time this evening, $25 worth of ETH was moved from the wallet for testing purposes.
While it is eagerly awaited whether the remaining #ETH will be moved, it remains unclear whether the transaction was made for sales purposes or simply for a wallet change.
The owner of the wallet in question participated in Ethereum’s ICO (token sale) in 2015 and bought 900 ETH for $280. Over the years, the value of #ETH has increased by more than 800,000 percent, reaching $2.3 million.
On the other hand, last week, a similar wallet with 1,000 ETH made a transaction for the first time in 10 years and transferred 1 ETH.
ETH, the second largest cryptocurrency by market value, is being bought for $2,525.
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.
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#TrumpTariffs #HODLTradingStrategy #BTCWhaleMovement
#SpotVSFuturesStrategy
*Spot vs Futures Trading Strategy: Understanding the Difference*
When it comes to trading, two popular strategies are spot trading and futures trading. Understanding the differences between these two approaches can help you make informed decisions and develop effective trading strategies.
*Spot Trading:*
- *Definition*: Spot trading involves buying or selling assets for immediate delivery.
- *Characteristics*: Spot prices reflect the current market price of an asset.
- *Advantages*: Spot trading allows for immediate ownership and settlement.
*Futures Trading:*
- *Definition*: Futures trading involves buying or selling contracts that obligate the buyer to purchase or the seller to sell an asset at a predetermined price on a specific future date.
- *Characteristics*: Futures contracts have expiration dates, and settlement occurs on that date.
- *Advantages*: Futures trading allows for speculation on price movements, hedging, and leverage.
*Key Differences:*
- *Settlement*: Spot trading settles immediately, while futures trading settles on a specific future date.
- *Ownership*: In spot trading, ownership transfers immediately, whereas in futures trading, ownership transfers on the settlement date.
- *Risk*: Futures trading involves higher risk due to leverage and potential price movements.
*Strategy Comparison:*
- *Spot Trading Strategy*: Suitable for investors who want to own assets outright, focus on long-term growth, or need immediate settlement.
#TrumpTariffs
*UPDATE: Trump Delays Tariff Deadline, Market Reaction Expected*
President Trump has postponed the July 9th tariffs deadline to August 1st, providing a 3-week extension for markets to adjust. This move could lead to:
- *Relief Rally*: Potential boost for U.S. equities, commodities, and cryptocurrencies as markets react to the delay.
- *Trade Negotiations*: Increased pressure on counterparties to make progress before the new deadline.
- *Macro Implications*: Extended timeframe for Fed decisions and Q3 guidance, with central bankers and corporates closely monitoring developments.
*Key Watchpoints:*
- Tariff-related comments
- Trade envoy updates
- Market pivot into August
This delay may trigger a relief-driven market surge or increased volatility. Traders and investors should remain adaptable and prepared for potential market shifts.