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🚀 Ethereum: Strong near $3,900, eyes next target!
$ETH
Ethereum (ETH) is currently trading around $3,858, up 1.34% in the last 24 hours. Its market cap is ~$465.1 billion.
Key drivers:
Institutional interest: JPMorgan plans to accept ETH as collateral and BlackRock has bought a significant amount of ETH ($110.7M) for their spot ETF. T. Rowe Price has also filed for a crypto ETF including ETH.
Technological developments: Upcoming 'Fusaka' and 'Pectra' upgrades will increase scalability.
Market signals: Favorable CPI data and bullish 'triple-bottom' pattern indicate an upward trend.
Technical Outlook:
If the strong support at $3,900 holds, ETH will attempt to break the immediate resistance at $4,085-$4,100. If this breakout is confirmed, the next targets could be $4,280 and then $4,500-$4,800. However, a dip below $3,900 could lead to a retest of $3,700.
Fear & Greed Index is now at 'Fear' (32)—a potential reversal signal.
@rumour.app #Binance @CZ @Will-123 PORTAL LATINO @Binance Academy @princely Mandi @ALEX Crypto King @Morpho Labs 🦋 @JALILORD9 @Bit_Rase @Trend Coin @wiki002
Ethereum (ETH) is currently trading around $3,858, up 1.34% in the last 24 hours. Its market cap is ~$465.1 billion.
Key drivers:
Institutional interest: JPMorgan plans to accept ETH as collateral and BlackRock has bought a significant amount of ETH ($110.7M) for their spot ETF. T. Rowe Price has also filed for a crypto ETF including ETH.
Technological developments: Upcoming 'Fusaka' and 'Pectra' upgrades will increase scalability.
Market signals: Favorable CPI data and bullish 'triple-bottom' pattern indicate an upward trend.
Technical Outlook:
If the strong support at $3,900 holds, ETH will attempt to break the immediate resistance at $4,085-$4,100. If this breakout is confirmed, the next targets could be $4,280 and then $4,500-$4,800. However, a dip below $3,900 could lead to a retest of $3,700.
Fear & Greed Index is now at 'Fear' (32)—a potential reversal signal.
@rumour.app #Binance @CZ @Will-123 PORTAL LATINO @Binance Academy @princely Mandi @ALEX Crypto King @Morpho Labs 🦋 @JALILORD9 @Bit_Rase @Trend Coin @wiki002
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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