Donald Trump's recent announcement about forming a "strategic crypto reserve" has sent shockwaves through the cryptocurrency market. Here's what's happening ¹ ²: - *Strategic Crypto Reserve*: Trump announced plans to create a reserve that includes major cryptocurrencies like Bitcoin (BTC),$BTC Ethereum (ETH)$ETH Ripple (XRP),$XRP Solana (SOL), and Cardano (ADA). This move aims to make the US the "global crypto
ETH/BTC IS LOOKING FOR BREAKOUT
THIS CAN SEND ETH TO $3,400
- Current Price: Ethereum's current price is $2,988.99, with a slight decrease of 0.23% in the last 24 hours. - Resistance Levels: The cryptocurrency is facing resistance at $2,735, but if it breaks through, the next targets could be $2,800, $2,900, and $3,000. - Breakout Potential: Analysts predict a potential surge to $3,400-$4,000 if Ethereum sustains its momentum above $3,000. Some even forecast a jump to $5,000+. - Market Sentiment: Ethereum's recent price movement shows renewed bullish momentum, with growing demand for spot Ethereum ETFs and strengthening structure. - Technical Indicators: The Relative Strength Index (RSI) has surged past 70, entering overbought territory, which could lead to short-term profit-taking but might persist during strong bull markets. Key Resistance and Support Levels: - Resistance: $2,735, $2,950, $3,000, $3,200-$4,000 - Support: $2,362, $2,400-$2,500, $2,750-$2,760 Expert Predictions: - Swallow Academy: Targets $3,300-$3,400, with potential for another sideways movement before a breakout. - Quant_Trading_Pro: Predicts a move toward $4,100+ if Ethereum breaks and holds above $2,950. - CoreCrypto1: Forecasts a target of $5,000+ after the breakout ⁴ ³ ⁵.
Donald Trump's claim that he can move the market just by talking seems to be an exaggeration. While he has made statements about the stock market, his influence on it is debatable. Trump has taken credit for market highs and blamed his predecessors for market lows, but the reality is more complex.