基于Solana博彩项目Mega Dice在ICO中筹集超过170万美元

cryptonewsPublished on 2024-08-08Last updated on 2024-08-21

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八月 21, 2024 17:37 GMT+8

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Ethereum Price Forecast: Is ETH Quietly Gearing Up for the Biggest Move of the Year?

Ethereum (ETH) price analysis suggests it's at a critical juncture for a potential major move. ETH is currently testing a key descending trend line for the third time in August, trading around $1,923.55. A daily close above the Parabolic SAR at $1,937.13 would signal a bullish trend shift, with the next targets being the psychological $2,000 level and the 0.618 Fibonacci level at $2,042. Key support lies at the 0.382 Fibonacci level of $1,837.76. Technically, ETH is trapped between these Fib levels and major moving averages. Crucially, the ETH/BTC ratio has reached 0.0296, its best level in months. A sustained break above 0.03 could see ETH start outperforming Bitcoin, potentially boosting the entire Ethereum ecosystem (L2s, DeFi). On-chain data shows a 133% surge in trading volume to $20.81B, indicating heightened activity. Despite this, spot netflows were negative (-$10.82M), suggesting holders are moving ETH off exchanges—a typically bullish signal for supply. Ethereum spot ETFs recorded a fifth consecutive week of inflows, adding $245M. In conclusion, ETH's next move hinges on two factors: a daily close above $1,937 to flip the Parabolic SAR bullish, and the ETH/BTC ratio holding above 0.03. With supportive ETF inflow data and off-exchange accumulation, a break higher toward $2,042 is plausible. Failure to hold the 100-day EMA at $1,923.41 could see a retest of $1,837 support.

cryptonews.ru4m ago

Ethereum Price Forecast: Is ETH Quietly Gearing Up for the Biggest Move of the Year?

cryptonews.ru4m ago

CryptoQuant: Bitcoin Could Fall to $51,000 After Forming a Local Top

CryptoQuant analysts believe Bitcoin is forming a local top, after which the risk of a new sell-off remains high. They identify a potential topping zone between $66,317 and $68,965, with an alternative scenario allowing a rise to $70,000. Following a peak, the next downside target could be around $51,336, representing a drop of roughly 21% from current levels. Negative signals include bearish divergence on the MACD indicator, RSI approaching overbought territory, and declining trading volumes during the recent rally. On-chain data shows signs of potential bottom formation, with the 30-day and 100-day EMA of active Bitcoin addresses recently falling to levels similar to 2018-2019. However, analysts caution that this aligns with but does not confirm a bottom hypothesis. Key levels to watch are the EMAs at 609,688 and 621,957 addresses, and the June price low of $58,535. Trading below $58,535 would invalidate the bottom formation theory. Significant resistance is seen at $67,000 and $72,000, corresponding to the realized price of coins held for 1-3 months and 3-6 months, respectively. These levels represent potential selling pressure as recent buyers break even. While the market shows some signs of stabilization, CryptoQuant maintains a cautious outlook, advising against large purchases at current levels and suggesting stronger cyclical buying opportunities could emerge near $51,000.

cryptonews.ru4m ago

CryptoQuant: Bitcoin Could Fall to $51,000 After Forming a Local Top

cryptonews.ru4m ago

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