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š„BREAKING: ABRAXAS CAPITAL IS LOADING UP ON $ETH
IN JUST 3 DAYS, THEYāVE BOUGHT 185,309 $ETH WORTH $400M!
#ETH #ETHBlockchain #ABRAXAS #BTCReserve
IN JUST 3 DAYS, THEYāVE BOUGHT 185,309 $ETH WORTH $400M!
#ETH #ETHBlockchain #ABRAXAS #BTCReserve
#ETHPriceAnalysis
$ETH is currently testing one of its most significant long-term support levelsāa linear trendline that has been intact since May 2020. This positions ETH back in its key breakout zone from the previous bear market, within the $1,700ā$2,100 range.
Given ETHās historical performance in liquidity-driven environments, the next few months could be pivotal for price action. Will Ethereum hold this key level and prepare for its next leg up?
#ETHBlockchain #ETH
$ETH is currently testing one of its most significant long-term support levelsāa linear trendline that has been intact since May 2020. This positions ETH back in its key breakout zone from the previous bear market, within the $1,700ā$2,100 range.
Given ETHās historical performance in liquidity-driven environments, the next few months could be pivotal for price action. Will Ethereum hold this key level and prepare for its next leg up?
#ETHBlockchain #ETH
$ETH , once the leader of the altcoin space, has now dropped to its lowest point against $BTC since February 2020. At the time of writing, ETH is trading at $1,499, leaving investors who bought in during the 2018 ICO-fueled bull market with little to no returns.
Key Insights:
š$ETH has plummeted by 44% against Bitcoin in 2023, marking the third consecutive year of losses.
š It's now down a staggering 79% from its peak in December 2021, which was driven by the hype around decentralized finance (DeFi) and non-fungible tokens (NFTs).
š Ethereum has broken below the critical 0.02 ETH/BTC level, a key psychological point for many traders.
Looking Ahead:
š® The next key support level to watch for ETH/BTC is 0.01615 BTC, which was last seen in September 2019. To reach this level, ETH would need to drop another 18% against Bitcoin.
š® As bearish sentiment continues to grow, the question remains: Will Ethereum find a bottom soon, or are we heading towards even deeper declines?
The market's reaction to this extended decline and the broader market conditions will play a crucial role in determining whether Ethereum can recover or continue its bearish trend. šš
#ETHBlockchain #BTC Price Analysis#VoteToDelistOnBinance
Key Insights:
š$ETH has plummeted by 44% against Bitcoin in 2023, marking the third consecutive year of losses.
š It's now down a staggering 79% from its peak in December 2021, which was driven by the hype around decentralized finance (DeFi) and non-fungible tokens (NFTs).
š Ethereum has broken below the critical 0.02 ETH/BTC level, a key psychological point for many traders.
Looking Ahead:
š® The next key support level to watch for ETH/BTC is 0.01615 BTC, which was last seen in September 2019. To reach this level, ETH would need to drop another 18% against Bitcoin.
š® As bearish sentiment continues to grow, the question remains: Will Ethereum find a bottom soon, or are we heading towards even deeper declines?
The market's reaction to this extended decline and the broader market conditions will play a crucial role in determining whether Ethereum can recover or continue its bearish trend. šš
#ETHBlockchain #BTC Price Analysis#VoteToDelistOnBinance
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