📈LONG: $ETH (1D)
#ETHUSD | #ETH | #Ethereum
Current Price $2671.11
Market Cap $322.55B
Change 1h -0.02% | 24h +8.88%
Daily Indicators:
• RSI: 81 - Heavy Overbought 🟢
• MACD: 226 - Bullish 🟢
• EMA: 2056 - Trading Above 🟢
Analysis:
Ethereum is on a roll, having smashed through a key resistance level with gusto. The bullish vibes are strong, and a retest of $3,000 seems well within reach. Keep an eye out, as another breakout might just push ETH to fresh all-time highs!
Price Targets:
Immediate target stands at $2,800, with the potential to aim for $3,000 soon. If the bullish momentum keeps up, skies might clear for those all-time highs way beyond $3,000.
✅Buy and Trade here on $ETH
{spot}(ETHUSDT)
TETHER-BACKED TWENTY ONE CAPITAL SECURES $458.7M WORTH OF BITCOIN IN STRATEGIC MOVE
- @Tether_to -backed @XXI_CapitalBTC, a new venture led by Bitcoin proponent Jack Mallers, acquired 4,812 BTC worth $458.7 million for Twenty One Capital.
Key Details:
- The purchase, revealed in a recent SEC filing by Cantor Equity Partners, marks the first major Bitcoin acquisition for Twenty One Capital, which plans to go public under the ticker $XXI.
- The acquisition took place through a private investment in public equity (PIPE) deal, with Tether holding the Bitcoin in a transparent digital wallet.
- This aligns with the growing trend of public companies showcasing their Bitcoin holdings, similar to firms like Bitwise and Metaplanet.
- With this investment, Twenty One Capital now sits among the top three public companies holding Bitcoin, joining the ranks of MicroStrategy and Marathon Digital.
- Backed by major investors including Tether, SoftBank, and Bitfinex, the company was formed through a $3.6 billion SPAC merger with Cantor Equity Partners.
- The company's launch comes with over 42,000 BTC on its balance sheet, valued at $4 billion. This makes it the third-largest public holder of Bitcoin.
- Mallers, a staunch Bitcoin advocate and creator of the Strike app, envisions Twenty One Capital as the key vehicle for capital markets to tap into Bitcoin's potential.
TETHER-BACKED TWENTY ONE CAPITAL SECURES $458.7M WORTH OF BITCOIN IN STRATEGIC MOVE
- Tether-backed Twenty One Capital, a new venture led by Bitcoin proponent Jack Mallers, acquired 4,812 BTC worth $458.7 million for Twenty One Capital.
Key Details:
- The purchase, revealed in a recent SEC filing by Cantor Equity Partners, marks the first major Bitcoin acquisition for Twenty One Capital, which plans to go public under the ticker $XXI.
- The acquisition took place through a private investment in public equity (PIPE) deal, with Tether holding the Bitcoin in a transparent digital wallet.
- This aligns with the growing trend of public companies showcasing their Bitcoin holdings, similar to firms like Bitwise and Metaplanet.
- With this investment, Twenty One Capital now sits among the top three public companies holding Bitcoin, joining the ranks of MicroStrategy and Marathon Digital.
- Backed by major investors including Tether, SoftBank, and Bitfinex, the company was formed through a $3.6 billion SPAC merger with Cantor Equity Partners.
- The company's launch comes with over 42,000 BTC on its balance sheet, valued at $4 billion. This makes it the third-largest public holder of Bitcoin.
- Mallers, a staunch Bitcoin advocate and creator of the Strike app, envisions Twenty One Capital as the key vehicle for capital markets to tap into Bitcoin's potential.
The XRP price is rising steadily as bullish sentiment grows
At $2.420, XRP gained support and rose. The price is correcting gains from $2.60 and may rise again.
Above $2.50, XRP price rose again.
The price is above $2.50 and the 100-hour SMA.
The hourly XRP/USD chart shows a bullish trend line with support around $2.510.
If it closes over $2.60 barrier, the pair may rise again.
XRP Maintains Gains
Like Bitcoin and Ethereum, XRP price continued rising beyond $2.40. The price broke $2.50 and $2.550.
Bulls broke the $2.580 resistance zone to lay the stage for more advances. The $2.60 zone was examined last. Before falling, prices reached $2.6050. The price fell below $2.5650 and the 23.6% Fib retracement line of the $2.4220 swing low to $2.6050 high.
The price is above $2.50 and the 100-hour SMA. On the hourly XRP/USD chart, a bullish trend line with support at $2.510 is formed.
Price may find resistance at $2.60 on the upside. Near $2.650 is the first big resistance. Next resistance is $2.720. A clean break over $2.720 might push the market above $2.80. More advances might push the price toward $2.850 or $2.880. The bulls may face $2.950 next.
Correcting Down?
XRP may fall again if it fails to break $2.60. The trend line and $2.510 provide first negative support. The 61.8% Fib retracement level of the upward run from the $2.4220 swing low to the $2.6050 high is approaching $2.492, the next significant support.
If the price breaks down and closes below $2.4920, it may fall toward $2.450. Near $2.420 is the next important support.
Tech Indicators
Hourly MACD - XRP/USD MACD is rising in the positive zone.
XRP/USD's hourly RSI is over 50.
Major Support Levels: $2.510, $2.4920.
Two major resistance levels: $2.60 and $2.650.