#WORD_OF_THE_DAY_BINANCE #Write2Earn You can earn from Bin | GAUTOM_CRYPTO on Binance Square

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#Ethereum #Ethpriceanalysis How High Will the Price of Ethereum (ETH) Go? Analyst Explains Using Historical Data The recent massive rally in Ethereum (ETH) has investors eyeing its next target. Cryptocurrency analyst Miles Deutscher assessed the potential price levels for ETH, citing previous bull markets. “During major bull runs, ETH typically reaches 35% of Bitcoin’s market cap. We saw around 35% in 2017 and 36% in 2021. Based on Bitcoin’s current market cap, this would take ETH to around $6,000. At a BTC price of $150,000, ETH could reach over $8,000,” Deutscher said. The surge in ETH prices is driven by BitMine Immersion Technology (BMNR), which has transitioned from Bitcoin mining to an Ethereum accumulation strategy. Led by Fundstrat's Thomas Lee, the company aims to raise up to $20 billion in additional capital by expanding its share sale program. The majority of this funding will reportedly be used to purchase ETH. The company, which previously authorized a $4.5 billion stake sale through Cantor Fitzgerald and ThinkEquity, announced that it has sold almost all of that amount, leaving only $723 million remaining.

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#Xrp🔥🔥 #Write2Earn XRP Trading Snapsho Price Update · XRP is currently trading between $3.13 and $3.25, showing resilience amid ongoing market fluctuations. · Live data confirms XRP is hovering around $3.24, with a market cap near $192 billion. ** Technical Landscape** · Binance data shows XRP trading largely between $2.95 (support) and $3.5 (resistance) over the past week, with buyers defending the lower bound effectively. · A breakout above the $3.30–$3.35 resistance zone could fuel bullish momentum. · TRADOVIP analysis highlights a medium-strength buying opportunity: o Short-term (5–15 min): Mixed signals with oversold zones suggesting a possible rebound. o Hourly chart: Bullish indicators (positive RSI and MACD) for longer-term momentum. o Risk control: Suggested stop-loss near $3.1926. ·Technical summary : o MACD, moving averages, and pivot points generally signal a Buy. o Pivot resistance lies around $3.31–$3.40, with support near $3.17–$3.26. ** Market Context & Forecast** · Following Ripple’s legal victory, XRP is consolidating—but many traders anticipate a third breakout by early September. · However, recent gains have sparked profit-taking pressure, leading to minor pullbacks toward $3.13. Analysts still eye upside potential ranging from $4 to $13 this year. · A broader surge in altcoin open interest—over $47 billion—is boosting speculative interest in tokens like XRP. · On the upside, some analysts project eye-popping long-term targets, with forecasts soaring toward $30+ in this bull cycle. Quick Trade Summary Scenario Levels & Insights Bullish Break above $3.30–$3.35 could trigger a rally toward $3.40+. Long-term targets range as high as $5–$13, or even $30+ in extreme bull cycle projections. Support Watch for strong buying interest between $3.10–$3.20. A drop below $3.13 you may want to reassess.

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