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By CryptoChamp · Posted
Ethereum (ETH) has shown resilience, trading slightly above $3,670 after successfully retesting support at the $3,454 weekly level. This support is critical for maintaining bullish momentum. If ETH price holds above $3,454, it could rally to the psychologically significant $4,000 mark. However, a drop below this level may lead to a pullback to $3,335. Technical Indicators Point to Bullish Momentum The RSI on Ethereum’s daily chart stands at 66, comfortably above the neutral level of 50. This indicates increasing bullish momentum without entering overbought conditions, setting the stage for further upward movement. Such technical signals align with optimistic Ethereum Price Predictions for the coming weeks. Also Read Bittensor Price Prediction 2024 - 2030: Will TAO Price Record A 2X Surge? Ethereum’s Total Value Locked (TVL) Hits Record Highs Recent data highlights Ethereum’s growing ecosystem. A $4.81 billion weekly influx has pushed its total value locked (TVL) to a staggering $51.5 billion—a 205% year-over-year increase. Layer-2 networks, including Base, contributed significantly, with Base’s TVL rising by $302.02 million. This growth reflects Ethereum’s scalability and enhanced functionality. Strong Institutional Demand Boosts Ethereum Institutional interest in Ethereum remains robust. Over six consecutive days, spot ETFs recorded a net inflow of $24.23 million. BlackRock’s ETHA ETF led with a single-day inflow of $55.92 million, while Fidelity’s FETH ETF added $19.90 million. The total net asset value of ETH spot ETFs now exceeds $11.13 billion, highlighting growing trust in Ethereum as a long-term asset. Ethereum Prediction 2024–2025: Breaking New Ground Ethereum is on the verge of breaking out of a triangular consolidation pattern on the 3-day chart, signaling potential for significant growth. The bullish trend, which started in early 2021, continues to strengthen despite periods of correction. With increasing chain activity and institutional inflows, ETH Price Predictions suggest a midterm surge toward $10,000. ETH All-Time High in Sight? If current momentum persists, Ethereum could surpass its previous highs and set new records. The combined impact of rising TVL, institutional demand, and positive market sentiment makes this a pivotal moment for Ethereum’s growth trajectory. Stay tuned for more updates on Ethereum News Today as ETH continues its journey toward new heights in the crypto market. -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Vechain/ U.S. dollar(VETUSD) VETUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave (I) of Impulse Wave Cancel invalid Level: Details: wave 2 is likely to end and price is rising again in wave 3. Vechain/ U.S. dollar(VETUSD)Trading Strategy: Overview Vechain remains in an uptrend, with an impulsive rally, we are now in the fifth wave, which is incomplete, so the price is likely to continue to rise. Look for a rebound from the uptrend. Vechain/ U.S. dollar(VETUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. Vechain/ U.S. dollar(VETUSD) VETUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave (3) Direction Next higher Degrees: wave ((1)) of Impulse Wave Cancel invalid Level: Details: the Five-Wave increase in wave (3) Vechain/ U.S. dollar(VETUSD)Trading Strategy: Overview Vechain remains in an uptrend, with an impulsive rally, we are now in the fifth wave, which is incomplete, so the price is likely to continue to rise. Look for a rebound from the uptrend. Vechain/ U.S. dollar(VETUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here! -
Recently we have been seeing many AI coming into the crypto ecosystem, and some of them are already having a positive impact on the crypto ecosystem already, which helps traders in price prediction of tokens, some traders are using AI for arbitrage, moving tokens from one exchange to another with high speed in transactions. AI is transforming some aspects of human life making human stress free and the crypto space is adopting it as well. Projects like NODE AI that provides access to GPU and AI resources. Also Solidus AI Tech that built an eco friendly high performance data centre spanning 8,000 SQFT in europe In my search to expand my AI focused crypto portfolio, I came across ORA a project that stands out for its innovative approach to enhancing smart contracts with AI and zero-knowledge (ZK) oracles. Built on Ethereum ($ETH), ORA introduces powerful tools that could transform the capabilities of smart contracts: AI Oracle (OAO): Brings AI functionality on-chain, enabling advanced computations directly within the blockchain ecosystem. ZK Oracle: Facilitates access to complex computations and historical data while ensuring privacy and scalability through zero-knowledge proofs. With these characteristics, smart contracts are significantly improved, becoming more intelligent and able to manage complex use cases. Additionally, the fact that ORA is accessible and visible on BingX Spot increases its potential. And I'm hoping this token will perform the same way other AI projects like ACT on Solana and AIC performed in this current market situation. With the chart showing no sign of dropping in price since it's listing on BingX and maintaining a support zone, I believe it can Push up from there, I'm just keeping an eye on this token to ape in early before the pump starts. Sign up for BingX to trade ORA Here
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