There is a 70% likelihood that interest rates will be maintained today, with a slightly flexible tone encouraging the markets, which could be positive in the short term for cryptocurrencies and financial markets$ETH
We are at the beginning of the altcoin season, where Bitcoin's dominance is starting to decline and the Altseason index is gradually rising, indicating a shift of liquidity towards alternatives. The opportunity has begun, but the peak has not yet been reached $ETH $BTC $SOL
The market is facing a potential collapse following the announcement of the closure of the Strait of Hormuz, which will lead to a sharp rise in oil prices and a noticeable drop in cryptocurrency prices due to panic and a shift of investors towards safe assets. Gold, in turn, will see a significant increase, being the traditional safe haven in times of crisis. This scenario is becoming more likely with the escalating tensions between Iran, Israel, and the United States, making military escalation in the region just a matter of time.
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The rise of the EOS currency is driven by a significant strategic shift towards Vaulta, attractive staking yields, increased activity in the futures market, and positive technical signals. As the renaming date approaches, positive momentum is expected to continue, but investors should closely monitor the market to make informed decisions.
Positive technical analysis
Technically, the price broke out of the 'descending wedge' pattern, indicating the potential for a rise of up to 85% if the current momentum continues.
Current indicators suggest that the EOS currency has a strong chance of continuing to rise, at least in the short to medium term, for the following reasons:
Why might it continue to rise? 1. Breaking through strong resistance at 0.75, and the breakout is supported by high trading volume, indicating that buyers have entered strongly. 2. Positive momentum is evident in the recent price movement, as the currency jumped by +17% in one day. 3. The general market for cryptocurrencies (especially Bitcoin) is currently bullish, which supports alternative currencies like EOS. 4. The increase over the past few days is stable and gradual (not a sudden spike), making the movement healthier.
But be careful: • The range of 0.85 to 0.88 is considered resistance, and the price may correct from there before continuing to rise. • Make sure to follow the news or project updates (if a partnership or new development is activated, it may increase momentum further)
$ETH Ethereum price predictions using Fibonacci analysis indicate that it could reach levels between $4,000 and $4,500 in the coming days. But these are forecasts and you should pay attention to market volatility.