Is Ethereum finally moving? Get ready for an Altcoins "party"! š
In every market cycle, the movement of Ethereum (ETH) is the "starting bell" for what is known as the Altcoins Bull Run ā a crazy and accelerating rise in altcoins.
š¹ Currently, we are seeing Ethereum start to move positively, approaching the breaking of strong resistances that have remained steadfast for weeks. š¹ Historically, when Ethereum starts to rise strongly against Bitcoin (ETH/BTC), it is followed by an explosion in the prices of altcoins.
š Why is this happening?
Investors see ETH as a sign of confidence in the market.
After the rise of ETH, traders look for greater profit opportunities = they head towards smaller currencies.
Liquidity gradually moves from BTC ā ETH ā Altcoins.
šÆ Therefore, if Ethereum maintains its current momentum and breaks the next resistance, we may witness the beginning of a real party in the altcoin market in the coming weeks.
š Reminder: Markets are volatile. Sound risk management is always essential.
We recently witnessed an exciting movement for the $SIGN coin, which rose to 0.07048$ before retracting again to the 0.064$ area. Is this just natural corrections, or the beginning of a new reversal?
Quick analysis:
EMA 7 (short-term): Currently below the price = temporary selling pressure
Key support level: 0.0635$
Next resistance: 0.0693$
High trading volume (174M in 24 hours) = high interest
Expected scenario:
If the price maintains support above 0.0635$, we may see a rebound to 0.068 ā 0.070 again in the coming days, especially with the return of buying momentum.
Note: This is not financial advice. Always do your own research before investing.
Very difficult, my brother. For example, the current market value of the Pepe coin is 5 billion, which means that to double it, another 5 billion liquidity is needed. Therefore, I advise you not to focus on the price of the coin but rather on its market value.
Aboo_d
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Good morning, a question for experienced individuals: do these currencies have a future!?