Compass Investment’s Post

Ethereums Bullish Price Action and Rising Market Sentiment #cryptonews - Ethereum has experienced an increase in buying pressure near the $2.4K support level, resulting in a surge in price and the recapture of key resistance levels. This indicates a shift towards a bullish market sentiment, with higher price levels expected in the short to mid-term. A brief consolidation correction phase may be necessary to maintain […] https://lnkd.in/d4q2Xy-s

Ethereum (ETH) has formed a “golden cross,” where the 50-day SMA surpasses the 200-day SMA, signaling potential bullish momentum. This pattern previously led to significant price increases. ETH is currently trading near $3,988, with positive short-term movement, but further market analysis is recommended.

🚀 SOL/USDT Trading Update 🪙 🔹 Current Price: Solana (SOL) is currently trading at $136. 🔹 Key Resistance: The main resistance level for SOL is at $142. If the price breaks this level, we could see a significant upward move to $146 and possibly $156. 🔹 Downside Risk: If the price breaks below the $135 support level, there could be a drop to around $123, where SOL may find new support and potentially bounce. 🔹 Trade Strategy: If you’re considering a long position, it’s advisable to wait for the price to break above $142 before entering. 🔹 Spot & Futures: $120 is a good zone for both spot and futures trading. #Solana #SOL #USDT #CryptoTrading #TechnicalAnalysis #TradingStrategy #Altcoins #MarketUpdate #CryptoInvesting

Ethereum’s sentiment takes a hit after ETF nod, but it’s not all bad news! Ethereum’s funding rate has remained positive despite recent declines. The ETH trend has also remained bullish despite the price declines. After the news of the Ethereum [ETH] spot ETF approval subsided, its weighted sentiment declined as well. Despite this decline, other metrics suggest that Ethereum might be poised for a positive run once spot trading […] https://lnkd.in/gpQjFJaC

📊 Curious about Solana's potential bull run? 🌟 DBOE has recorded approximately 3,000 lots of #SOL put options shorted for this week's options expiry on July 26, predominantly in the $170-$155 price range. This suggests a bullish outlook for SOL. Technical analysis also shows similar predicted trends. Thanks to the author for sharing insights and the benefits of options speculation on DBOE, the risk-management-oriented trading platform. Explore here: shorturl.at/DRRAq #DBOE #cryptooptions #optionstrading #SOLoptions #pricerange

Ethereum accumulation addresses have increased by over 11.5 million ETH since January. This is a strong vote of confidence by investors in Ethereum’s long-term potential aligns with the recent breakout from its 3-month consolidating pattern. However, net outflows from Ether ETFs and the rapid rise in Ether futures demand are red flags which could see the $2,800 resistance level act as a ceiling for Ethereum rally in the near term. https://lnkd.in/d_AuaaGV #ethereum #ETF #investors

𝗪𝗲𝗲𝗸𝗹𝘆 𝗖𝗿𝘆𝗽𝘁𝗼 𝗥𝗼𝘂𝗻𝗱𝘂𝗽 💰 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗘𝘆𝗲𝘀 $𝟲,𝟬𝟬𝟬 𝗥𝗲𝗯𝗼𝘂𝗻𝗱 𝗮𝘀 𝗞𝗲𝘆 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝗛𝗼𝗹𝗱𝘀 $ETH is showing signs of a potential rebound after a recent decline, currently holding above a key support level around $2,400. This support has historically led to sharp recoveries, including a 160% surge between October 2023 and March 2024. If this level holds, ETH could target the upper boundary of its ascending channel, near $6,000, in the coming months. Adding to the bullish outlook, Ethereum's weekly relative strength index (RSI) has bounced off a historical support zone, reinforcing the possibility of a price recovery. Despite recent competition from other smart contract platforms and a lukewarm market response to Ethereum-based spot ETFs, these indicators suggest ETH may be gearing up for a strong comeback. Got ETH? Did you opt in to ETH staking yet?

Solana’s ‘2-week high’ – Can your memecoins save SOL’s price again? Solana’s long liquidations totaled $11 million on 2nd April. Its futures open interest has declined since the beginning of the month. Solana [SOL] witnessed a surge in long liquidations on 2nd April, as the coin’s price fell below $180 during that day’s trading session. According to Coinglass data, SOL long liquidations totaled $11 million, marking […] https://lnkd.in/g5igi-W4

Solana is approaching a temporary price top signal. This signal will trigger when the lower Weekly Expected Price Range crosses above the lower Bollinger Band. In my opinion, this event is imminent. Keep this in mind if you're trading #SOL, especially during a swing trade.

📉 Ethereum staking volume sees decline since early March, per Kaiko Research; January witnessed significant inflow into restaking and liquidity staking protocols like EtheFi, but inflow diminishes post-announcement of airdrop eligibility criteria as airdrop hunters exit. #Bitcoinworld 🔄