As always, when I spot something interesting, I’ll share it. Right now, ETHUSD is -15% in a single day, flashing red on my screen! 😃
For those interested, this level isn’t a bad technical setup. Keeping it short, here are the key criteria:
The ultimate trendline
This is the major trendline and should be the strongest one on the chart. Unfortunately, the price didn’t come from long-term higher highs, which weakens it slightly but still, there are other solid factors that align with it.
A strong horizontal price zone
This area has seen multiple rejections in the past, so volatility should be expected here.
A 50% drop from the most recent high
Similar to the trendline, this level is slightly weaker because it’s not a full 50% drop from the all-time high. However, historically, crypto assets have shown strong reactions around these levels.
The round number $2000
Acting as a psychological support level, it adds extra strength to this zone.
What do you think? Will this level hold, or are we smashing straight through it? Drop your thoughts in the comments!
I did you an honest, True Service by telling You what was/is coming. Timely, Free. Bold. At Top. Now i say below this we can expect a retest to 88k$ level in Q1. It may or may not come i am not sure. Now this time you can load ur favorites or avg it. I still believe that we will see altcoin run in Q1.
Now you can see from where the upmove has started 🎉 💯 % win .. I don’t see any major fundamentals that may bring us down until the 20th of January.. I do expect some corrections that are normal in charts, but in general i do expect a sideways action until then.
I think that today, high tech stocks will do well. This maybe positive for BTC as well.
$ENA Donald Trump's cryptocurrency venture, World Liberty Financial, has been actively investing in Ethena crypto (ENA). Recently, they purchased 231,726 ENA tokens for $250,000 USDC, bringing their total ENA holdings to 741,687 tokens ¹ ².
This acquisition is part of World Liberty Financial's broader strategy to diversify its cryptocurrency portfolio. They've also invested in other notable cryptocurrencies like Ethereum, Chainlink, and Aave ¹.
The partnership between Ethena Labs and World Liberty Financial aims to enhance stablecoin liquidity and user rewards on WLFI's platforms. This collaboration may potentially boost the demand for Ethena's stablecoin, sUSDe, and positively impact ENA's price .
My Target for ENA is 3-5$.. Fingers crossed. Accumalate between 0.7500-0.9000#TrendingPredictions