Compared to the current price, this increase could reach as high as 265%. It is worth noting that the neckline in this pattern is roughly around $4,000, an area that has long been a key resistance level for Ethereum's progress. Currently, Ethereum is consolidating below the current price level of $3,450, testing previous resistance levels to explore their effectiveness as support.
Once Ethereum successfully breaks through the key level of $4,000, it is highly likely to initiate a new round of rebound; the previously set historical high of $4,800 will undoubtedly become the first significant milestone. After crossing this point, moving towards the anticipated target of $10,000 becomes a realistic possibility.
However, for Ethereum to maintain its upward momentum, it is crucial to firmly hold the key support level. If the current support around $3,450 is unfortunately lost, Ethereum is likely to experience a pullback, potentially descending to $3,200, and there is even a possibility of further sliding down to $3,050. If it falls below the 200-day exponential moving average (approximately $2,700), it would mean that the current bullish pattern would be broken, and the market may enter a prolonged consolidation phase, or even face further downward pressure.
Although the current inverse head and shoulders pattern is signaling positive signs, the next phase of ETH's development is likely to be significantly influenced by the overall conditions of the external market and changes in trading volume $ETH #比特币市场波动观察 #2025加密趋势预测
Everything is just beginning, let the altcoins be great again!
Think back to the past few days when the biggest drops were tough to move, and those that didn't drop, the strong remain strong. Even during a downturn, they are so resilient, and when they explode, they will definitely be the vanguard. There’s still a market with three to five times the potential.
The third wave of the imitation season is about to break out, hold on tight, which imitation do you think has the most potential? Feel free to leave your thoughts in the comments $ETH #加密市场反弹
How do we talk about this wave? You can continue to Fud Binance, continue to criticize BNB
But! A single mining announcement from Binance can make BNB stand out in the entire market~
This mining has truly provided support for ten days, keep holding
Understood? If you're still saying to wait for 400 or 300 to buy the dip, just keep waiting slowly, you might get in during the bear market a few years later, but the premise is that BNB goes down from 2000 to $BNB #市场调整後的机会?
This drop of $BNB has no support below 617! It indicates that market funds are moving away from bnb. The rise is merely because the manipulators have raised the price! No real funds are entering!!! Be careful entering at the peak, A continued sharp decline is possible! It may drop to 567.
1: Sister @heyibinance said that all memes will go to zero, is that wrong? Actually, no. Don't even talk about memes; most VC coins are also heading for a dead end. Even now, the most frequently used coins are still just a few.
But this statement was overly interpreted and twisted. Those holders of PNUT, Act, Wif, Pepe, etc., can't stand to hear this, so being criticized for this point is somewhat understandable. Different people have different views.
2: Web3 wallet experience
Yesterday, I listened to the entire space, and I found the Alpha section quite interesting, so I want to share my experience.
(1): There's no private key import, which has been criticized a lot. It feels like using a Nokia black-and-white phone in 2025.
(2): A friend in the group previously participated in a Web3 airdrop, receiving 2 dollars, but needed 3 dollars to withdraw. Of course, you can't sell the 2 dollars for U, as the sale quantity is insufficient.
Since you say you want to build the largest airdrop platform, then don't distribute like this. It would be better not to distribute at all; consider doing tasks to earn whitelist qualifications and then have everyone participate in the subscription with a fixed limit, like how #Bitget did well in this round with Fule. Thumbs up!
(3): Given that the smoothness can't compete with OKX, the most important thing to consider is the needs of the people! Recently, Binance removed the inscription section, and I saw a lot of complaints in various WeChat groups. You can imagine how unpleasant it sounded; let me share my thoughts.
The Web3 wallet focuses on on-chain transactions, and there are only a few sections on-chain: airdrops, memes, NFTs, various inscriptions, etc.
It's fine to focus on airdrops, but you are indeed late to the inscription game; OKX is quite mature and smooth in this area.
Since you chose airdrops as your core and aim to become the largest airdrop platform, then don't give users airdrop rewards of just a few dollars that aren't even enough for gas fees. This point is a bit abstract.
The overall wallet section also feels a bit disorganized; it might just be my personal reason for not being used to it.~
Recently, I have heard a lot of comments that Ethereum is going to 8,000 or 10,000, and Bitcoin is 500,000 or 1 million. At this time, we should calm down and think. Upbit has reached 63,000. Although we are fine, I still say that when this crazy bull market buffet is almost over, we should consider leaving. Don’t think about sitting at the table and eating the last bite before leaving.
Always respect the market, full of USDT waiting for the opportunity to go all in #山寨季将持续多久? $BTC
Two days ago, foreign media CNBC published a news report titled "Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast".
The core point can be summarized in one sentence: next year, in 2025, the RMB will face the largest depreciation since 2004. CNBC counted the forecasts of 13 investment banks for the RMB and predicted that by the end of 2025, the average exchange rate of the offshore RMB against the US dollar will weaken to 7.51, which will be the weakest level since 2004.
Among them: UBS: 7.30 by the end of 2024, 7.60 by the end of 2025 BNP Paribas: 7.70 by the end of 2025 Barclays: 7.25 by the end of 2024, 7.50 by the end of 2025 J.P. Morgan: 7.30 by the end of 2024, 7.50 by the end of 2025 Goldman Sachs: 7.25 by the end of 2024, 7.50 by the end of 2025 Macquarie Group: 7.25 by the end of 2024, 7.38 by the end of 2025 =Economics): 7.30 at the end of 2024, 8.00 at the end of 2025 Nomura: 7.50 for August 2025 ING: 7.20 at the end of 2024, 7.30 at the end of 2025
US President-elect Trump said on the social media platform Truth Social that he would impose an additional 10% tariff on all Chinese goods entering the United States. In addition, during the campaign, he has promised to impose tariffs of 60% or more on Chinese goods. According to Mitul Kotecha, head of Asian foreign exchange and macro strategy at Barclays Bank, if a 60% tariff is imposed on all Chinese goods, the renminbi needs to depreciate to 8.42 US dollars to fully reflect this impact.
Will you exchange your renminbi for US dollars? #BTC☀ $BTC
The conclusion that ETH will strengthen against Bitcoin is based on the signal that ETH spot ETF inflows have first exceeded Bitcoin spot ETF inflows. Capital will push expectations for ETH to strengthen.
In the Ethereum ecosystem, I still only recommend Pepe and ENS as I did at the beginning of last month. After last month's recommendation, both Pepe and ENS have increased threefold.
Here, regarding the relevance to Ethereum, I still only recommend first choice Pepe, second choice ENS. $ETH
Spot ETH ETFs Record Daily Inflows: “Altcoin Rotation Has Begun”
On November 29, U.S. spot Ether exchange-traded funds (ETFs) hit a new high for daily inflows. According to Farside, $332.9 million flowed into nine spot Ether ETH USD ETFs, with daily inflows reaching a record $295.5 million, $37.4 million higher than the $294 million set on November 11.
BlackRock, the world’s largest asset manager, accounted for $250.4 million of the total inflows on November 29. ETF Store President Nate Geraci noted in a Nov. 29 X post that BlackRock’s iShares Ethereum Trust (ETHA) has now received more than $2 billion in inflows since the product launched on July 23. #ETH🔥🔥🔥🔥 $ETH