$BTC Reaching $150,000 for Bitcoin would be a monumental milestone, signifying widespread adoption and potentially a shift in global financial paradigms. This surge would likely be fueled by institutional investment, increasing scarcity due to halving events, and a growing acceptance as a store of value and hedge against inflation. However, such a rapid ascent wouldn't be without volatility. Regulatory hurdles, environmental concerns, and competition from other cryptocurrencies could present significant challenges. Achieving this price point would solidify Bitcoin's position as a major asset class, but its journey would undoubtedly be marked by both excitement and uncertainty.
#TradeWarEases Trade wars are complex economic conflicts arising when countries impose tariffs or quotas on each other's imports. These measures, intended to protect domestic industries, often lead to retaliatory actions, escalating tensions and disrupting global supply chains. Businesses face higher costs, consumers may see price increases, and overall economic growth can be hampered. While proponents argue trade wars can force fairer trade practices, the overwhelming consensus among economists points to negative consequences. Ultimately, resolving trade disputes through negotiation and international cooperation is crucial for fostering stable and prosperous global trade relations.
In your opinion, what are the upcoming goals of Ethereum and have alternative currencies really entered a bull market wave? 🤔
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The Ethereum price shows strong strength, rebounding after falling below 2200 USD and holding the key price range. It is in the macro range of 2200 - 3000 USD and is expected to continue its upward momentum.
On May 11, the trading volume of ETH reached 96.77 billion USD, with the price rising to 2513.57 USD. The high trading volume provides strong support for the price rebound, reducing the risk of short-term pullbacks.
Past data shows that after reclaiming this range, Ethereum often rises. The recovery of the 2200 USD support level proves its resilience. If it remains above this level, it may attempt to challenge 2700 USD or even 3000 USD.
In terms of technical indicators, while the MACD has not yet completed a bullish crossover, the bearish momentum has clearly weakened.
Currently, attention should be paid to the consolidation situation around 2500 - 2600 USD. If Ethereum stabilizes above 2500 USD, it is expected to challenge 3000 USD; if trading volume continues to support, the 2700 USD resistance level will also face a test soon.
Additionally, among the liquidation amount of 37.17 million USD on May 11, Ethereum short liquidations accounted for 27.63 million USD. The large number of failed short bets triggered a short squeeze, further pushing the price up rapidly.
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