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📊👀 $ETH The most significant support level for Ethereum is between $3,030 - $3,130, and the most significant resistance wall is $3,640 - $3,740. A sustained close outside of this no-trade zone will determine the direction of ETH's trend.
📊🤔 Since the 2022 bear market bottom, $BTC has surged 442%, while $ETH is up 153%. Despite Ethereum's gains, it significantly lags behind Bitcoin. Bitcoin’s rallies fail to lift Ethereum strongly, yet corrections impact ETH disproportionately—a trend evident in recent price movements.
📊🤔 $LTC #IntoTheBlock : 78% of Litecoin addresses have held their LTC for over a year, typically accumulating during bear markets and selling near peak prices.
In this cycle, the slight decrease in long-term holdings is less marked than in past cycles, indicating that many holders are expecting further price growth.
📊🤔 $BTC 's price is directly and exponentially proportional to the square root of the number of halvings. A combination of adoption curve math and Metcalfe's Law puts Bitcoin's price well over $500,000 by the next halving in 2028. This implies an annualized rate of return of about 70%. Bitcoin should be sustainably above $1 million about 450 days after that.
📊🤔 IT Tech's analysis shows a rapid increase in altcoin long bias nearing peaks, with $SOL , #ONDO , and $APT displaying euphoria through ratio spikes. Meanwhile, $BTC 's Long/Short Ratio remains stable but lags behind, suggesting potential BTC price peaks and overleveraged altcoin markets.
The current altcoin euphoria signals a possible short-term correction and market reversal.
🎢🤔 $BTC 's NUPL (Net Unrealized Profit/Loss) has returned to 60% today. Historically, when NUPL surpasses 70%, it signals excessive market optimism, often indicating a potential correction.
📊👀 $BTC #CryptoQuant : The current nearest support level is $94.5K, which represents the average purchase price for short-term holders (STH) holding coins for a period of 1 week to 1 month.
At the $80.8K level lies the average purchase price for the entire STH cohort.
📈🤔 $BTC Whenever these blue lines intersect (2017 and 2021 bull markets), Bitcoin 2024-2025 has converged, with only a few exceptions (one of which was the COVID dump).
Today another waypoint was met, making a mockery of the skeptics that claim Bitcoin is a speculative asset that fluctuates randomly.
The next waypoint on this chart is $250,000 in May.