💡 Ideas For $ETH USDT 🔹
📈 Consolidation. Which way will the distribution go?
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#ETH has moved into a consolidation phase after the distribution phase. Focus on the 2414-2725 range. A retest of support is possible during the current phase. Despite the bullish trend, there are risks of a reversal...
ETH has been a fairly unprofitable project over the past few years, with the price hitting one bottom after another. While #bitcoin and altcoins were flying high, ETH has only shown itself to be a bull in the last few days.
In the current phase, the focus is on the consolidation boundaries, as well as the 2550 level. If the bulls keep the market above 2550, then the coin could strengthen to 2725, which would be a positive sign for us that buyers are interested in continued growth.
If ETH continues its correction towards support at 2414, then we will need to monitor the market's reaction to this level. I remain skeptical about ETH due to its weak long-term performance despite a strong fundamental backdrop.
Resistance levels: 2550, 2725
Support levels: 2414, 2260
Further movement will determine the price's exit from consolidation: a breakdown of support means a fall, a breakout of resistance means growth. But the current scenario is trading within the range. If ETH trades near 2725 and forms a pre-breakout consolidation, then we will have a chance for growth.
The opposite scenario is if the price falls below 2550 and begins to test 2414. In this case, sticking to the support level and numerous retests will indicate that the bull market has exhausted its strength and we can expect a correction to 2260-2065.
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Buy and Trade $ETH here
{future}(ETHUSDT)
#EthereumSecurityInitiative @wisegbevecryptonews9
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$BTC - Daily Price Update:
BTC remains in a very strong & safe uptrend by my analysis. 📈
We’ve seen a doji on the weekly, but the last weekly candle hints at another big move incoming! 📈
Short-term price action is neutral, consolidating nicely above key support zones, which were previously major resistances.
Except for the $108,000–$110,000 area above, price looks primed to explode past previous HTF resistance and I’m not joking! 🍿
As long as $BTC holds above $99,500, I see no reason for concern.
💡The chart is reflecting both recent news and what’s coming next! Fundamentals and news flow are all aligning with the bullish structure I’m tracking.
More and more companies and institutional investors are buying billions in #BTC , and we’re even seeing more countries consider Bitcoin for their strategic reserves!
It honestly might just be weeks before a major price explosion.
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What do you think: where’s the next big resistance? 👀🎯
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