$LRC is consolidating within a falling wedge pattern and is currently facing rejection from the resistance trendline. The Ichimoku Cloud is acting as a resistance barrier above the pattern.
A solid breakout would confirm a bullish trend, while continued rejection could lead to further price movement within the pattern.
Spot $BTC Bitcoin and $ETH Ethereum ETFs did about $40b in volume this week, biggest week ever for them, thanks to Ether ETFs stepping up big. It's a massive number, equivalent to a Top 5 ETF or Top 10 stock's volume.
The ALTS market cap is facing rejection from the horizontal supply zone of the ascending triangle pattern. The Ichimoku Cloud is acting as support, indicating bullish momentum.
A breakout above the supply zone would confirm a bullish trend, while failure to break through could lead to further correction.
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$GMT is modestly up at $0.0442, gaining 1.6% from yesterday’s close, but still down 10.24% from its recent high. I see the price hovering below its 50-day moving average of $0.05, indicating weakness despite the small bounce today.
Volume over the last hour is moderate at around 79,769 units, showing some renewed interest but not strong conviction.
Compared to Bitcoin ($BTC ), which is near all-time highs, $GMT is lagging significantly, reflecting lower market enthusiasm and liquidity.
No recent news or catalysts are driving GMT’s price, which increases the risk of sideways or further downward movement.
I reviewed all available real-time data.
Given this, I would avoid buying GMT now and instead watch for a confirmed breakout above $0.05 before considering entry.
Are you comfortable waiting for clearer momentum or looking to speculate on a potential rebound despite the risks?
As we can see market is holding strong here and soon we are looking for more rise and pump here like the green arrows on chart also if BTC now here hold strong and play some range that would be perfect and why is that? because we should say hi to ALT season then after a years of patience and it would be time to see some of the charts of ALTs flying
BTC Dominance has broken down from the ascending channel with significant volume. The 50MA is now acting as a resistance barrier above the current price action. It currently appears poised for further downward movement.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap. #BTC #BTCBreaksATH
- In Q3, public-listed companies and ETFs have bought 4.4 million ETH worth $20 billion. - Individual whales and Web3 companies have also bought over 2 million ETH this quarter. - This accounts for almost 5.5% of the total supply.
2. Network activity
- Weekly DEX volume is at a new all-time high (ATH). - Daily transactions are at a new ATH. - Monthly active users are at a new ATH. - Stablecoin supply is at a new ATH. - This means network demand is going through the roof, so price is likely to do the same.
3. Supply crunch
- 30% of ETH supply has been staked. - 8% of supply has been bought by companies and ETFs. - 25% of supply is being held by long-term “diamond hand” holders. - 5% of supply has been lost forever. - Only 12% of supply is now available on exchanges, and it’s decreasing every month. - Annual token inflation is just 0.5%. - This creates a supply crunch even bigger than Bitcoin’s.
Now with 401(k) access, upcoming rate cuts, and pro-crypto regulations, the demand for ETH will only go up. Remember, there will be some sharp corrections to make you panic sell — but in the end, ETH will trade above $10,000 this cycle. #ETHRally
$ETH Ethereum rose 5.68% to $4, 419.86 in 24h, extending a 21.67% weekly rally. Key drivers: 1.BitMine's $24.5B ETH acquisition plan (Bullish Impact) 2.CPI data aligning with rate cut hopes (Bullish Impact) 3. Technical breakout above $0.037 ETH/BTC (Bullish Impact) Deep Dive
Institutional Mega-Buying (Bullish Impact)Overview: BitMine Immersion Technologies filed to raise its ETH treasury capacity to $24.5B on August 12, having already accumulated 1.15M ETH ($5B).CEO Tom Lee likened this to Bitcoin's 2017 institutional pivot, suggesting ETH could reach $30K-(The Block). What this means: Corporate buying reduces liquid supply - public ETH treasuries now hold $10B+ ETH, with BitMine alone targeting $30B