FinMar News’ Post

Could Ethereum Reach $4,900? Insights from TradingView News - https://lnkd.in/dfA2VaBX After a crucial week for Ethereum, a technical candlestick deal shows that ETH prices could be set for a strong rally in the coming weeks and months. Noting the events on the monthly chart, one analyst notes that the ETH/BTC ratio is reversing from a multi-year support trend line.

🔴 In This Week's Market Update: 📈 BTC Sees Correction After New ATH at $99K 💎 ETH Outperforms (+8,30%) with Record $13B Open Interest 🚀 SOL Reaches ATH Above $260, First Alt Large-Cap to Beat 2021 Peak ↪️ Record $3,13B Weekly Inflows to Digital Asset Products 📊 SOL DEX Volume Hits $115B Monthly Record, 2x ETH's Volume 🏛️ SEC Chair Gensler Set to Step Down January 20

https://lnkd.in/ej33y2NU Total platform open interest is well over USD 40 billion these days, most of which in BTC options! Our previous 24-hour trading volume was also shattered this week when we reached a new ATH of USD 14.8 billion.

ETH next significant resistance zone around $4,540: What does this mean? Ethereum (ETH) has struggled to break past the $4,000 resistance level despite recent price gains. Analysts suggest ETH has a clear path to new all-time highs, with the next significant resistance zone around $4,540. On-chain metrics like the Pi Cycle Top indicator and exchange reserves suggest bullish momentum, but some bearish signals persist. Indicators such as the NUPL and RSI hint at potential short-term corrections, even as long-term trends remain optimistic. The MA Cross indicator supports bullish sentiment, with the 9-day moving average above the 21-day moving average. Ethereum’s Journey Toward $4,000: A Persistent Struggle Ethereum has been battling to […] https://lnkd.in/gqUzaqeb

Ethereum bull rally: Traders show confidence as ETH price rises - https://lnkd.in/d_x8G8Cj ETH is still stuck below its short moving average. However, the price trend showed that bulls were active in the market. In recent days, Ethereum (ETH) has been experiencing a series of upward trends, and any dips seen have been too mild to significantly impact its overall upward trajectory. As the price

I guess there will be traders looking for value beyond ETH and BTC but I wonder if we will see the broad based rally in ALT Coins that we saw in 2021 again. My own view is that those with appetite for ALT coins may prefer ICO's where they get 2000% for the risk, than a possible 30% upside in those with history. Time will tell but the rally to date has seen those coins with a lot of catching up to do. https://lnkd.in/e-xkAac5

Ethereum: These 2 major factors will help shape ETH’s Q2 prices Bullish Ethereum whales got liquidated due to highly volatile price movements. Holders remained unprofitable despite rising prices. Ethereum [ETH] has experienced massive volatility over the past week, causing traders to lose money left right and center. Whales see red Not only retail investors, but some whales have also been subject to liquidations over the past […] https://lnkd.in/g8pe22GH

Ethereum price struggled to clear the $3,650 resistance as ETH started another decline and there is now a risk of more dips below the $3,420 support. Ethereum started a fresh decline below the $3,550 support zone. The price is trading below $3,540 and the 100-hourly Simple Moving Average.

Market Sentiment Turns Negative for Ethereum Hello traders! Today, let’s delve into the recent movements of Ethereum. Back in May, Ethereum was showing promising signs as it bounced off a green support line, leading to a significant upswing. This momentum was notably marked by a breakout from a wedge pattern, highlighted in yellow, culminating in a very bullish session on May 20th. However, as we moved into the end of May and June, Ethereum entered a period of flat correction, forming a pennant pattern delineated by green lines. Traditionally, pennants signal a continuation of the trend, but this instance diverged from the norm. Instead of an upward breakout, Ethereum breached the lower boundary of the pennant, signaling a mid-term sell-off. This unexpected breakout to the downside has shifted the sentiment towards Ethereum, indicating potential bearish movements ahead. The price action suggests that Ethereum might continue to decline in the near term. This development reflects a broader negative sentiment across cryptocurrencies. Traders should be cautious and watch for further bearish indicators that might confirm this trend. In summary, Ethereum has transitioned from a strong bullish trend in May to a more bearish outlook in June. The breakdown from the pennant pattern has reversed the positive signals, suggesting that the market might be gearing up for further declines. Keep an eye on support levels and any new patterns that might emerge to guide your trading decisions in this volatile environment. Start learning with us: https://lnkd.in/darayZS5 #learning #trading #charts #forextrading #primeacademy

🔴 In This Week's BlockTrends Market Update: 📈 New BTC ATH at $93K, Surpasses Silver’s Market Cap ($1.8T) 🏛️ BTC Exchange Reserves at 6-Year Low: Bullish Signal 🚀 SOL Breaks $240, Up 15.3% Week-on-Week 💫 XRP Hits 3-Year High at $1.20, $2B Open Interest in Futures 💎 ETH ETFs recover with $646M Inflows 🆙 Trading Volumes Double vs October, Stablecoin Market Cap Surges to $183B 🔗 Read more: https://lnkd.in/da5Xs_QA