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Bitcoin Price Analysis: Potential for a Rebound in Cryptocurrency Market

Ethereum (ETH/USD) Ethereum (ETH/USD) is falling towards the pivot which has been identified as a pullback support and could bounce from the level to the 1st resistance. Pivot: 3,355.63 1st Support: 3,272.65 1st Resistance: 3,468.05 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any...

By NovaX
Updated 14 hours ago
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Exploring Ethereum’s Bearish Momentum: Will the Cryptocurrency Plummet Further?

Pivot: 3,522.8 Price is rising towards the pivot and could potentially fall from this level to the overlap support. 1st Support: 3,414.3 1st Resistance: 3,621.6 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any...

By NovaX
Updated 2 days ago
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Ethereum’s Potential Surge: A Look Ahead to the Second Half of 2024

Will Ethereum Overtake Bitcoin in the Second Half of 2024? During the first half of this year, Ethereum has closely mirrored Bitcoin's performance, with both cryptocurrencies showing approximately a 45% increase year-to-date. As we move into the latter half of 2024, the burning question for many investors is which of these digital assets will take the lead. Ethereum Gains Momentum Earlier in May, Bitcoin seemed the obvious choice. However, recent setbacks for Bitcoin have shifted the spotlight towards Ethereum. Several factors now suggest that Ethereum may see significant gains, even if Bitcoin continues to trade steadily. Introduction of Ethereum ETFs One of the pivotal developments...

By NovaX
Updated 2 days ago
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ETHUSD Bull Run Forecast: Key Support Level & Bull Market Insight

Ethereum (ETHUSD) Support and Resistance Levels Ethereum (ETHUSD) currently shows a strong support level at $2760. From this level, there is a high possibility of a significant gain. However, if the $2760 support level fails, we can expect the next major support between $2100 and $2200. This area should provide a strong bounce as the bull run approaches. Historical Movement of Ethereum Historically, Ethereum has shown major movements during bull markets. In January 2016, Ethereum flipped resistance and saw a massive pump, creating a new resistance zone by January 2018. The next bull market in May and November 2021 saw Ethereum touching this...

By NovaX
Updated 2 days ago
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Ethereum Analysis: Long-Term Investment Insights

I've been closely monitoring the market developments and have remained in a cash position since the price was at $2800. The similarities to previous bull traps post-bubble in the crypto space seem strikingly familiar to the current market situation. Additionally, there is a prevalent "to the moon" sentiment across all ETH/Crypto subreddits. True capitulation and despair have yet to set in during this cycle. The discussions around a potential super cycle or reaching new all-time highs appear to signal peak euphoria/denial/new paradigm, which is why I am taking a contrarian trade approach. I plan to start entering the market at $1800 and...

By NovaX
Updated 3 days ago
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Ethereum Price Forecast: ETH/USD Analysis for June 28, 2024

⭐️⭐️ Validity Monday Morning ⭐️⭐️⭐️ 🔴 Resistance - 3447 🔴 🚀 Target - 3472 - 3511 🚀 🟢 Support - 3427 🟢 🚀 Target - 3379 - 3345 🚀 🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫 🔥🔥 Levels Work Best on 5 - 15 Minutes Time Frame 🔥🔥 ❤️❤️ MARKET SECRET ❤️❤️👇 ⭐️ Trade what you see, not what you assume ⭐️ Follow the trend because the trend is your only friend ⭐️ The chart is supreme ⭐️ Your assumptions & emotions have no value in the market ⭐️ Never lose your capital Our goal...

By NovaX
Updated 5 days ago
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Ethereum Surpasses Solana: The Future of Crypto Trading

I've been monitoring various crypto charts, and it seems that the narrative surrounding SOL may be reaching its conclusion. My analysis suggests that ETHUSD and ETH-related coins are poised to surpass SOL and its related assets. While SOL and its associated assets may experience a temporary surge to retain investors, I anticipate that they will enter into longer-term downtrends. Looking ahead, the strategic move appears to be towards ETH-related assets. Despite many investors losing interest in ETH-related names like AAVE, APE, BAL, CHZ, CRV, KNC, SHIB, and others due to stagnant prices since last October, I believe a shift is imminent....

By NovaX
Updated 6 days ago
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Ethereum Price Prediction: Slightly Bearish Outlook for the Next 24 Hours

The Securities and Exchange Commission (SEC) Expected Approval of Ethereum Spot ETFs The Securities and Exchange Commission (SEC) expected final approval of eight exchange traded funds (ETFs) applications chugs along in the US. The approval of their registration statement is expected by July 4, according to the news agency Reuters. They are thereafter ready to be listed. Market Forecast for Ethereum Spot ETFs “As with Bitcoin Spot ETFs, once the SEC signs off, ETFs could start trading within 24 hours. The Bitcoin ETFs have received $14 billion of net inflows, and various comparisons - market cap, ETFs based on futures, etc. indicate that...

By NovaX
Updated 6 days ago
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Ethereum Price Analysis: Is it Time to Buy ETH/USD?

Going Long on ETHUSD The Elliott Wave pattern indicates the completion of wave (4) and the onset of wave (5) impulse. The target for wave (5) is the 1.618 Fibonacci extension level at 3602.46. Analysis The chart displays a clear corrective wave pattern followed by an impulsive wave, signaling upward momentum. Entering at the current price level of 3377.45, a move up to the indicated Fibonacci level is expected. The stop-loss is set just below the recent low of wave (4) to manage risk effectively. This setup offers a favorable risk-reward ratio for a long position.

By NovaX
Updated 1 week ago
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