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Ethereum Surges Past $2,600: A Positive Outlook
Ethereum's price performance has been impressive lately, surpassing $2,600 and showcasing a strong resurgence. According to a popular trader, Axel Bitblaze, Ethereum seems set to overtake Bitcoin in the coming months.
Key Factors Driving Ethereum's Growth
- Institutional Demand:BlackRock's reported purchase of 7,976 ETH, worth around $18.9 million, and push for staking exchange-traded funds could introduce real, yield-generating institutional demand.
- Whale Accumulation:On-chain data shows that whales have purchased 138,511 ETH, worth about $337 million, in the past 48 hours, bringing momentum to the Ethereum price.
- Increased Liquidity: More liquidity seems to be flowing into Ethereum than Bitcoin, with ETH's trading volume surpassing BTC's volume for the first time in years.
- Pectra Upgrade:The Ethereum Pectra upgrade, which went live on May 7, has been a deflationary factor, with around 38,000 ETH burned in just a few days, increasing deflationary pressure.
Market Performance
- Current Price:Ethereum's current price is around $2,483.34, with a slight decrease of 0.12% in the last 24 hours.
-Recent Gains: However, ETH has reflected an over 10% increase in the past 24 hours, and more than 40% in the last seven days.
-Market Cap: Ethereum's market cap stands at $290.46 billion.
Future Projections
According to Axel Bitblaze, Ethereum's price could travel toward $2,800 or even $3,000 before seeing any major correction. However, the trader advises investors to exercise caution due to the market sentiment being overheated at the moment.
$ETH
#ETHCrossed2500
Ethereum's price performance has been impressive lately, surpassing $2,600 and showcasing a strong resurgence. According to a popular trader, Axel Bitblaze, Ethereum seems set to overtake Bitcoin in the coming months.
Key Factors Driving Ethereum's Growth
- Institutional Demand:BlackRock's reported purchase of 7,976 ETH, worth around $18.9 million, and push for staking exchange-traded funds could introduce real, yield-generating institutional demand.
- Whale Accumulation:On-chain data shows that whales have purchased 138,511 ETH, worth about $337 million, in the past 48 hours, bringing momentum to the Ethereum price.
- Increased Liquidity: More liquidity seems to be flowing into Ethereum than Bitcoin, with ETH's trading volume surpassing BTC's volume for the first time in years.
- Pectra Upgrade:The Ethereum Pectra upgrade, which went live on May 7, has been a deflationary factor, with around 38,000 ETH burned in just a few days, increasing deflationary pressure.
Market Performance
- Current Price:Ethereum's current price is around $2,483.34, with a slight decrease of 0.12% in the last 24 hours.
-Recent Gains: However, ETH has reflected an over 10% increase in the past 24 hours, and more than 40% in the last seven days.
-Market Cap: Ethereum's market cap stands at $290.46 billion.
Future Projections
According to Axel Bitblaze, Ethereum's price could travel toward $2,800 or even $3,000 before seeing any major correction. However, the trader advises investors to exercise caution due to the market sentiment being overheated at the moment.
$ETH
#ETHCrossed2500
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#å±±åÆØå£ä½ę¶å°ę„
Will Monday bring another week of takeoff? The market is so good, there can't be anyone who hasn't made money?
Can the second one take off and break through 2700? $ETH
Will Monday bring another week of takeoff? The market is so good, there can't be anyone who hasn't made money?
Can the second one take off and break through 2700? $ETH
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Tiį»u ThĆ Chį»§
--
š„ The United States officially announces that the two sides have reached a trade agreement.
The United States has announced significant progress in trade negotiations with China in Geneva. Treasury Secretary Scott Bessent stated that the discussions were very effective and involved senior officials from both sides. Further details will be announced at a press conference tomorrow.
U.S. Trade Representative Jamieson Greer emphasized that the two sides reached an agreement quite quickly, indicating that the differences are not large. He also mentioned the context of the U.S. trade deficit of $1.2 trillion and expressed confidence that this agreement with China would help address that issue.
Source: Thuan Capital
#BTCš„š„š„š„š„
The United States has announced significant progress in trade negotiations with China in Geneva. Treasury Secretary Scott Bessent stated that the discussions were very effective and involved senior officials from both sides. Further details will be announced at a press conference tomorrow.
U.S. Trade Representative Jamieson Greer emphasized that the two sides reached an agreement quite quickly, indicating that the differences are not large. He also mentioned the context of the U.S. trade deficit of $1.2 trillion and expressed confidence that this agreement with China would help address that issue.
Source: Thuan Capital
#BTCš„š„š„š„š„
SUI
#StrategyTrade SUI Price Analysis: Can It Reach $5 After the Recent Breakout?
Sui (SUI) has demonstrated a resurgence in bullish momentum, breaking above crucial resistance levels and exhibiting technical indicators that suggest a potential continuation rally. Both daily and hourly charts reveal a well-structured uptrend, prompting investors to focus on the next significant psychological barrier at $5.
Daily Chart Insights
The daily chart showcases a robust bullish recovery from April's lows of approximately $1.80. Following an extended period of consolidation, SUI has successfully surpassed the 50-day and 100-day moving averages. Currently trading above key SMAs (20, 50, 100, and 200), the 20-day SMA's crossover above the 50-day SMA signals a classic bullish trend. With the price hovering around $4.09, representing a 1.86% daily increase, SUI has effectively breached previous resistance between $3.50 and $3.80. The Accumulation/Distribution Line's positive slope further underscores growing buying pressure, supported by strong volume and accumulation.
Hourly Chart Analysis
On the hourly chart, SUI's momentum remains solid. After multiple retests of the $3.80 zone, the price surged to an intraday high above $4.20 before experiencing a slight pullback. The alignment of moving averages (20, 50, 100, and 200 SMAs) on the hourly chart indicates a favorable short-term rally. Despite a minor cooldown, SUI's position above the 20-SMA suggests a healthy trend. Volume spikes during upward movements and stable Accumulation/Distribution Line readings during dips imply aggressive buying, increasing the likelihood of another upward leg if SUI maintains its position above $3.95.
Given these indicators, SUI appears poised for potential growth, with $5 as a key target to watch.
what do you think š¤
it's not financial advice suggestions DYOR always before investment $SUI
#CryptoComeback #SUIš„
Sui (SUI) has demonstrated a resurgence in bullish momentum, breaking above crucial resistance levels and exhibiting technical indicators that suggest a potential continuation rally. Both daily and hourly charts reveal a well-structured uptrend, prompting investors to focus on the next significant psychological barrier at $5.
Daily Chart Insights
The daily chart showcases a robust bullish recovery from April's lows of approximately $1.80. Following an extended period of consolidation, SUI has successfully surpassed the 50-day and 100-day moving averages. Currently trading above key SMAs (20, 50, 100, and 200), the 20-day SMA's crossover above the 50-day SMA signals a classic bullish trend. With the price hovering around $4.09, representing a 1.86% daily increase, SUI has effectively breached previous resistance between $3.50 and $3.80. The Accumulation/Distribution Line's positive slope further underscores growing buying pressure, supported by strong volume and accumulation.
Hourly Chart Analysis
On the hourly chart, SUI's momentum remains solid. After multiple retests of the $3.80 zone, the price surged to an intraday high above $4.20 before experiencing a slight pullback. The alignment of moving averages (20, 50, 100, and 200 SMAs) on the hourly chart indicates a favorable short-term rally. Despite a minor cooldown, SUI's position above the 20-SMA suggests a healthy trend. Volume spikes during upward movements and stable Accumulation/Distribution Line readings during dips imply aggressive buying, increasing the likelihood of another upward leg if SUI maintains its position above $3.95.
Given these indicators, SUI appears poised for potential growth, with $5 as a key target to watch.
what do you think š¤
it's not financial advice suggestions DYOR always before investment $SUI
#CryptoComeback #SUIš„
All are welcome
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Full of Crypto Analysis and International News
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XAI
Sai x Keith
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@CZ @XAI_GAMES @Yi He
Valuing Community Voice: Injecting Confidence into Game Developers
XAI's strong community foundation and the continuously emerging activities provide a valuable development platform for game developers. For small teams that originally struggled with user retention and monotonous profit models, now only minor adjustments targeting XAI are needed to significantly expand market potential. Players spontaneously discuss in the community and vote on whether to introduce a certain game, how to arrange reward pool distribution, etc. This collective decision-making and support can further empower developers with the confidence to continue their efforts and attract more creators to step into this new field.
$XAI
Valuing Community Voice: Injecting Confidence into Game Developers
XAI's strong community foundation and the continuously emerging activities provide a valuable development platform for game developers. For small teams that originally struggled with user retention and monotonous profit models, now only minor adjustments targeting XAI are needed to significantly expand market potential. Players spontaneously discuss in the community and vote on whether to introduce a certain game, how to arrange reward pool distribution, etc. This collective decision-making and support can further empower developers with the confidence to continue their efforts and attract more creators to step into this new field.
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Bananas31
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2000
Just hit 2,000 followers on Binance Feed!
I'm beyond grateful for this amazing crypto community! š
From 1k to 2k ā your support keeps me motivated every single day! š
Whether it's sharing insights, trades, or just vibing with the market ā YOU make this journey special!
Letās keep stacking knowledge š, growing together š, and riding the crypto waves š to success!
Big shoutout to everyone who's been part of this ride!
Letās go even further from here!
#RoadTo3K #CryptoFamily #BinanceFeed #CryptoJourney #2KStrong
I'm beyond grateful for this amazing crypto community! š
From 1k to 2k ā your support keeps me motivated every single day! š
Whether it's sharing insights, trades, or just vibing with the market ā YOU make this journey special!
Letās keep stacking knowledge š, growing together š, and riding the crypto waves š to success!
Big shoutout to everyone who's been part of this ride!
Letās go even further from here!
#RoadTo3K #CryptoFamily #BinanceFeed #CryptoJourney #2KStrong
Alpha
#BinanceAlphaAlert Stay sharp, crypto fam! ā”
Binance Alpha Alert is your signal to catch the hottest market moves, early updates, and exclusive insights before the crowd! š
Donāt just follow the trend ā be the one who spots it first!
Knowledge is power, and Alpha is the edge!
#BinanceAlphaAlert #StayAhead #CryptoSignals
Binance Alpha Alert is your signal to catch the hottest market moves, early updates, and exclusive insights before the crowd! š
Donāt just follow the trend ā be the one who spots it first!
Knowledge is power, and Alpha is the edge!
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ghost back soonš»
The ghost will be back soon
GHOST š»
The ghost will be back soon.
#GhostOfTheBlock
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The ghost will be back soon.
#GhostOfTheBlock
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#BinanceAlphaAlert #StrategyTrade #dailyearnings #Write2Earn #BTCčµ°åæåę $BTC $BNB $ETH
š Daily Check-in and Task
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Saylor
#SaylorBTCPurchase Michael Saylor is back at it again! š§ šø
Another bold BTC purchase shows his long-term belief in Bitcoinās power and potential.
When whales move, the market listens ā and Saylor keeps stacking sats! š
A strong signal for all Bitcoin believers out there!
#SaylorBTCPurchase #BitcoinBeliever #CryptoWhale #binancewritetoearn
Another bold BTC purchase shows his long-term belief in Bitcoinās power and potential.
When whales move, the market listens ā and Saylor keeps stacking sats! š
A strong signal for all Bitcoin believers out there!
#SaylorBTCPurchase #BitcoinBeliever #CryptoWhale #binancewritetoearn
GN
GOOD NIGHT š¤ FAMILY š“ #ETHCrossed2500 #AltcoinSeasonLoading #TradeOfTheWeek $ETH
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There are also many other benefits, as this chat room regularly distributes lucky draw red envelopes š§§ + peripheral lotteries šļø. The iron friends are very active, and everyone is having a great time. We look forward to your joining.
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Follow immediately! Keep up with Teacher Ajie to enjoy delicious food
Awesome! We've successfully captured the strong upward trend of the wealth code once again! Achieving an 18% profit!
On the morning of May 8th, we bought SAGA at the current price of 0.2615, and today it has risen by over 18%, clearly making a big profit!
Not every coin has the genes for explosive growth, but we will carefully review and focus on doing thorough investment research! Comprehensive analysis of fundamentals! At the right position and the right time, decisively buy the dip and build a position! Give it time, hold patiently, and there will be substantial rewards!
Follow me! Every day, I carefully review and explore strong upward potential targets! Seize the bull market trend! Make confident value investments!
#å±±åÆØå£ä½ę¶å°ę„ #Saga #BTCčµ°åæåę #ēåøåøå± #ETH $BTC
$ETH
$SAGA
On the morning of May 8th, we bought SAGA at the current price of 0.2615, and today it has risen by over 18%, clearly making a big profit!
Not every coin has the genes for explosive growth, but we will carefully review and focus on doing thorough investment research! Comprehensive analysis of fundamentals! At the right position and the right time, decisively buy the dip and build a position! Give it time, hold patiently, and there will be substantial rewards!
Follow me! Every day, I carefully review and explore strong upward potential targets! Seize the bull market trend! Make confident value investments!
#å±±åÆØå£ä½ę¶å°ę„ #Saga #BTCčµ°åæåę #ēåøåøå± #ETH $BTC
$ETH
$SAGA
Make me 10K followers and Share this post
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It's another BIG USDT
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