According to Chris Burniske of VC Placeholder, Ethereum's long-term outlook remains positive despite the current challenges.
“Solana & others will come for the IFS, too , but Ethereum has a solid foundation as it’s over a decade old, with brand awareness 2nd only to #Bitcoin, deep liquidity, and implementations like @base drawing corporate eyes.”the Ethereum community to learn and cement the network as the centre of the next IFS in the next five years.
“An administration that is open for crypto securities wins the election. ETHBTC jumps, then falls. New lows after good news. Oof!!”Amberdata , the most significant change in OI rates in the past 24 hours was concentrated on calls at $3.6K and $4K targets. On the downside, there were also massive puts on the $2.7K and $3K targets. In short, large funds expected a wild price swing between $2.7K to $4K, but with a bullish bias.
Daily charts revealed a similar story and targets. After rallying over 40% since October, ETH faced a price rejection and cool-off at $3.3K. At press time, the price struggled to hold above the psychological $3K level.Should the altcoin drop lower, the $2.9K and $2.7K levels will be the next key supports. However, on the upside, the $3.5K and $4K were bullish targets to keep tabs on.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana price hits ATH against Ethereum: Can ETH reclaim its dominance?Solana' increasing asset value could jeopardize ETH’s dominance, positioning it as the go-to high-cap asset for investors.
Read more »
Ethereum mirrors Solana’s 2023 moves – Is 222% gains possible for ETH too?Following pattern alignment, ETH could potentially be on the cusp of a major bullish breakout if it follows the same trajectory as SOL did.
Read more »
Ethereum whales target the dip, but here’s why ETH can slide to $2.3KEthereum whale activity has surged to a six-week high. While significant it doesn't guarantee an immediate price bounce.
Read more »
Here’s why Ethereum’s long-term holders will push ETH past $2.5KEthereum [ETH] is once again in the news, with the altcoin slowly approaching the $2.5k-level at press time, sparking hope for a bull...
Read more »
ETH/BTC chart hints at altcoin rally: Will Solana lead the pack?Analysts predict a rally in the altcoin market with ETH/BTC charts serving show strong growth signals, and SOL positioned to lead the race.
Read more »
Ethereum whale activity hits record highs: ETH’s 20% rally explained!Ethereum's 20% surge is fueled by whale accumulation and exchange outflows. Is the altcoin poised for a potential ATH?
Read more »