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Ethereum is reaching its historical ceiling, if it passes this price it will record a new historical ceiling. After that there are two possibilities either it will suffer in the upper price range of $5000 or a short full back like Bitcoin. Because the market whales are likely to want to take their profits. Trust in God! Let's see what happens in the hope of market growth$BTC $ETH
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#ETHRally 💰PEPE’s High Correlation with Ethereum Price ⚫️Pepe, one of the largest meme coins in the crypto world, has caught the attention of investors amid the rise in Ethereum price driven by institutional capital inflows and corporate adoption. ⚫️Pepe has emerged as the top meme coin, surpassing Dogecoin, Shiba Inu, and Bonk Inu, with a nearly 10% increase in the past 24 hours. Its success is due to positive sentiment in the Ethereum market and capital flows from ETH to low-value tokens like PEPE. 🟠Analysts believe that PEPE’s rise is related to Ethereum’s recent strength, especially after Ethereum ETFs surpassed $1 billion in net inflows led by BlackRock’s ETHA. This indicates a shift in traditional finance’s view towards Ethereum as a key player in decentralized finance and smart contracts. The increase in institutional interest has sparked a wave of ETH accumulation, potentially benefiting Ethereum-based meme coins like PEPE, which has a strong 0.76 price correlation with Ethereum. A significant increase in Ethereum price could cause PEPE to rally. 🔘PEPE fundamentals have improved in 2024, with wallet addresses increasing by 25% despite the price decline. The pattern has formed a symmetrical triangle pattern, indicating potential price movement. However, concerns remain as the top 10 wallets hold over 37% of the supply, posing risks of price manipulation. The concentration of large holders in meme coins like TRUMP and MELANIA could lead to liquidity issues. With institutional demand increasing, PEPE could benefit from this move.
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Hot news 🚀 Today Financial institutions bought $1 billion worth of Ethereum (#ETH) via ETFs: _BlackRock $640 million - Fidelity: $270 million - Grayskill: $80 million Wall Street is **Hungry for Ethereum! 👀 $ETH
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Trading Rules Never rely solely on price reaction to a single level! Check which timeframes are actually noticing that level. If a level gets a reaction on a lower timeframe but hasn’t even been touched on a higher timeframe, that level is not valid. The market always respects higher timeframes more. Higher timeframes set the direction; lower timeframes are just the executors.
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Don't repeat your mistakes, else the market will repeat your destruction😱$BTC $BNB $ETH
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Latest News
USDC Treasury Mints $100 Million on Ethereum
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Former Goldman Executive Joins Mysten Labs as Capital Markets Head
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Dinari to Launch L1 Blockchain for Securities Coordination
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USD.AI Secures $13 Million in Series A Funding for AI Credit Protocol
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Ethereum(ETH) Drops Below 4,500 USDT with a 4.13% Decrease in 24 Hours
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