$ETH 1M UPDATE Ethereum managed to close 1M candle above | Gul Jee on Binance Square

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$ETH  1M UPDATE 
Ethereum managed to close 1M candle above the crucial $1730 level which is a very good sign, finally!
The way towards $2750 is open. I hope we will see some interesting moves from $ETH 
 in May.

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A new draft bill on crypto regulation is set to be introduced by House Republicans ahead of a major hearing on May 6. The bill is expected to address how the U.S. will govern digital assets, including crypto markets, stablecoins, and regulatory oversight. The aim is to bring clearer rules to the fast-growing crypto sector. However, it raises important questions: Will this bill provide the clarity that investors and developers seek, or will it introduce further uncertainty? The outcome could significantly influence the future of crypto adoption in the U.S. Supporters hope for a framework that fosters innovation while ensuring safety. Critics worry that overregulation may stifle growth. As the hearing approaches, the crypto community is watching closely to see what direction U.S. digital asset policy might take. $ADA #DigitalAssetBill

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Bitcoin is trading around $96,643, marking a 2.33% increase from the previous day and a 65% rise over the past year. The price briefly touched $97,000, its highest in over two months, signaling strong bullish momentum. Analysts anticipate a potential climb to $105,000 in the coming weeks, driven by renewed institutional interest and ETF filings. Key resistance levels are at $100,000 and $107,000, while support is noted near $92,000. The recent surge is attributed to factors like corporate accumulation strategies and Bitcoin's perceived role as a hedge against market volatility. Overall, the outlook remains optimistic as Bitcoin approaches the significant $100,000 threshold. $BTC

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