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By CryptoChamp · Posted
Ethereum has recently made significant strides, with the ETHUSD price breaking through crucial resistance levels. Below is a breakdown of the recent Ethereum price movement, whale influence, and the role of long-term holders (LTHs) in shaping the market. Key Price Levels and Bullish Trend Breaching $3,262 Resistance: Ethereum price recently surged above $3,262 as per Coinpedia Markets, marking a strong bullish movement. This breakout sets the stage for the next major target at $3,400. Next Positive Target at $3,530: If the price holds above $3,262, Ethereum could rally further to reach $3,530. The EMA50 (50-period Exponential Moving Average) also supports this upward trend, strengthening confidence in the bullish outlook. Watch for a Potential Pullback: If Ethereum price drops back below the $3,262 support level, it could signal the end of this bullish wave and lead to a downward correction. Today’s trading range is expected between the $3,200 support and the $3,460 resistance levels, providing insight into possible fluctuations. The Role of Ethereum Whales in Market Dynamics Whale Activity and Price Influence: Large investors, or “whales,” have been pivotal in driving Ethereum price upwards. Recent data indicates a surge in whale transaction volume and accumulation, both of which reflect strong confidence in Ethereum’s current rally. Significance of Whale Activity: Increased whale activity provides a solid foundation for Ethereum price, offering strong capital backing. This consistent support can foreshadow further gains for ETH, as these high-capital investors add to the rally’s momentum. Long-Term Holders (LTHs) and Ethereum Price Stability Accumulation by Long-Term Holders: During September and October, Ethereum’s liveliness metric—an indicator of active versus held coins—saw a decline, suggesting that LTHs were accumulating while prices stabilized. This accumulation can provide a stabilizing effect, helping to absorb supply and reduce volatility. Potential Profit-Taking by LTHs: Recently, however, the liveliness metric has ticked up again, indicating that some long-term holders might be taking profits. This shift could introduce additional supply, potentially moderating the current rally’s momentum and creating mild supply pressure. Outlook: Ethereum Price Prediction In the short term, the Ether Price Prediction remains optimistic, with whale activity and LTH accumulation supporting sustained growth. Yet, the possibility of profit-taking by some LTHs suggests that investors should remain cautious of potential shifts in market dynamics. As Ethereum's rally progresses, these factors will be essential for shaping ETH Coin trends and overall ethereum price movement in the coming weeks. -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge NEO/ U.S. dollar(NEOUSD) NEOUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Flat Position: Wave (2) Direction Next higher Degrees: Wave ((2)) of Impulse Wave Cancel invalid Level: Details:Wave 2 is likely to end and price is rising in wave 3. NEO/ U.S. dollar(NEOUSD)Trading Strategy: The correction in wave 2 seems to be over so we focus on the five-wave rally of wave 3 and The price action remains in an uptrend, and we are looking for a re-entry into the trend. NEO/ U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. NEO/ U.S. dollar(NEOUSD) NEOUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Flat Position: Wave (2) Direction Next higher Degrees: Wave ((2)) of Impulse Wave Cancel invalid Level: Details:Wave 2 is likely to end and price is rising in wave 3. NEO/ U.S. dollar(NEOUSD)Trading Strategy: The correction in wave 2 seems to be over so we focus on the five-wave rally of wave 3 and The price action remains in an uptrend, and we are looking for a re-entry into the trend. NEO/ U.S. dollar(NEOUSD)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! -
By adamsmith87 · Posted
On other investment apps (like robinhood) you can see a graph of your total portfolio growing or shrinking overtime. I can’t seem to find an option for this anywhere and it would be a super simple feature. From IG’s perspective you want loyal customers who grow their ISA, SIPP and share dealing accounts for years and years - so please give us a way to easily see our nest egg grow, otherwise it can make other platforms/apps more desirable. I saw a post from Sept 2024 about something similar and you said something was in the works. When can we expect this? And especially available in the mobile app.
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