The current Ethereum price has not yet crossed the key resistance level of 3550, and the overall trend appears weak.
Only by breaking through the 3550 mark can there be a chance for low-position layout opportunities.
At this stage, Ethereum is finding support in the range of 3300 to 3440, indicating that this area may trigger a market rebound, but the strength and sustainability of the rebound still need time to be verified.
It is worth noting that 3440 has become a significant resistance level for Ethereum, highlighting the current weak pattern of the market.
Below this resistance line, Ethereum's upward momentum is limited, leaning more towards a pullback or range-bound oscillation.
$ACT officially established a strategic partnership with GNON, dedicated to supporting the robust development of GNON's EchoChambers, and integrating GNON's tech stack into the upcoming ACT project and applications.
So, what can we expect?
First, ACT's partners and beneficiaries will integrate EchoChambers. Secondly, GNON will provide development assistance for future ACT projects as well as its advanced tech stack. The future development prospects of GNON are promising. Currently, the position of $act is still suitable for building a position, and choosing spot is preferable. The target can be aimed at 0.4 and above.
What has happened in the cryptocurrency space in the past 12 hours:
- Saylor hints at buying more $BTC - Hong Kong legislator proposes $BTC reserves - $AI16Z $AIXBT hits new highs - AIXBT changes PFP to #QuantumCats - Launchpad for $ZEREBRO for AI agents - Azuki's Animecoin is about to be released
• $BTC - Michael Saylor hints that MicroStrategy is buying more $BTC. News regarding MicroStrategy's additional Bitcoin purchases is expected in the coming days.
• $BTC - A legislator in Hong Kong proposed including Bitcoin in the city's financial reserves.
• $AI16Z - ai16z hits an all-time high with a market cap exceeding $1.5 billion. New tokenomics for $AI16Z will be released on January 1.
• $AIXBT - AIXBT hits an all-time high with a market cap exceeding $400 million. @aixbt_agent’s attention has recently increased by 3.5%, with a significant rise in followers.
• Quantum Cats - After @udiWertheimer sent the Quantum Cats NFT to AIXBT, AIXBT changed its PFP to Quantum Cats. Subsequently, Quantum Cats' FP surged significantly, reaching new highs in USD.
• $ZEREBRO - ZEREBRO developer @jyu_eth announced he is building http://Zentients.xyz, a consumer-facing agent launch platform. Agents need to pay a creation fee in $ZEREBRO and will start on the $ZEREBRO bond curve upon fee collection. ZENTIENTS is expected to open in early 2025.
• Animecoin - Azuki founder @Zagabond told the Discord community, "Azuki's Animecoin (ANIME) will not be launched this year, but an announcement will be made soon."
There are 30 days left until the Federal Reserve's interest rate meeting. Data shows that in January, the probability of the Federal Reserve keeping interest rates unchanged is 88.8%, while the probability of a 25 basis point rate cut is 11.2%. It seems that in 2025, the Federal Reserve's rate cuts will be relatively slow and intermittent!
Recently, there are not many active contract users in the market, which can be seen from the clearing map.
In the short term, even if Bitcoin rises to 104,000, it can only explode 1.9 billion USD, and if it falls to 84,000, it can only drop 1.28 billion USD, indicating that most people are on the sidelines!
On December 30, news reported by Handelsblatt states that the Chairman of the Free Democratic Party (FDP) and former Finance Minister Christian Lindner has called for the European Central Bank (EZB) and the Deutsche Bundesbank to include cryptocurrencies like Bitcoin in their reserves.
He mentioned that the U.S. government is taking an aggressive approach to crypto asset policy and is studying whether the Federal Reserve should include cryptocurrencies in its reserves. Lindner stated that Europe needs to avoid being surpassed by the United States in this area and suggested reviewing crypto assets as part of reserves in Frankfurt to enhance the resilience of the reserves against risks. He emphasized that crypto assets have become an important component of global wealth growth.
Don't doubt it anymore, everyone is already on this ride. No one should mock anyone, because at this moment, everyone is striving for the future surge.
Without a bull market for altcoins, there won't be the next round of Bitcoin's rise. They complement and achieve each other, just as we have seen, every time mainstream coins surge, there is always a wave of altcoin frenzy as a precursor. Let's pay attention to the evolution of this market craze together, the future opportunities are right in front of us!
The road to success is not crowded, because there are not many who can persevere until the end. When you want to give up, please tell yourself to hold on a little longer, because often this little bit of perseverance brings you one step closer to your dreams.
The short-term hourly chart shows that after the price retraced to 93000, there was no significant rebound, and upward pressure remains, but the overall trend has not changed. The 93500 level has been broken, and the focus now shifts to the strong support at 92000. The current price maintains above 93000, indicating solid bottom support. Technical indicators suggest a possibility of recovery in the short term.
Market structure shows a downward trend, and the operational strategy should maintain low-level long positions. The upper pressure range is 95000-96000, while the key support below is 92000. In the short term, look for entry opportunities around 93000, flexibly operating high short and low long strategies.
Operational Suggestions Long near 93000, target 95500 Stop loss at 92000, break point 96000
Brief summary of the leaders in each sector: $ETH: Leader of public chains $UNI: Leader of decentralized finance $FET: Leader of the AI sector $AXS: Leader of the gaming sector $YGG: Second in the gaming sector $AVAX: Leader of the reception sector $MASK: Leader of the Web3 sector $TRU: Leader of the RWA sector $APE: Leader of the NFT sector.
Has the South Korean stock market collapsed due to Bitcoin?
Since the beginning of this year, Asian stock markets have shown mixed performance against the backdrop of a strong US dollar. Among these, some achieved a bull market in domestic currency at the cost of currency depreciation, while others sacrificed part of the stock market's gains for a relatively stable exchange rate. Only South Korea is an exception: In terms of Korean won, the KOSPI index has fallen by 10.0% this year, and considering the depreciation of the won, the KOSPI has dropped by 18.9% when measured in US dollars, making it the weakest in Asia.
Foreign investors are becoming more pessimistic. In November this year, foreign net sales of South Korean stocks reached 41.5 trillion won, marking four consecutive months of net selling. In the two weeks starting in early December, there was an additional net sale of 24 trillion won.
$LEVER current price 0.00191 go long. Set the stop loss at 0.00182. Target above 0.0022
Keep up the pace, strictly execute the strategy! Remember to take profits in batches, pay attention to position management, the market can fluctuate at any time, be well protected. Let's reap the rewards together!
Is Musk here to promote Dogecoin again? On-chain data monitoring shows that whales have bought more than $90 million worth of DOGE in the past 48 hours. Musk "agrees" with the advice of a16z general partner Katherine Boyle on the X platform and said that it "may be time" to start TITS. If this does happen, TITS may create a huge real-life use case for Dogecoin and take adoption to a whole new level. Musk has already founded two schools, one called Ad Astra (Latin for "flying to the stars") and the other a closed school for the children of SpaceX employees. It is reported that the abbreviation TITS stands for "The Texas Institute of Technology and Science". As early as 2021, Musk expressed the idea of founding this university on Twitter. He said at the time that tuition would be paid in Dogecoin, and people who keep pet dogs could also get tuition discounts.
The weekend market was relatively volatile, with a slight rebound in Ethereum and Bitcoin in the early hours being a normal adjustment of short-term cryptocurrency prices within a triangular range. Now we are just waiting for the adjustment to end and for the price to break out of the range (personally, I am still more optimistic about a downward movement).
On the daily chart, the focus remains on BOLL and MA moving averages. Due to weak volume over the weekend, it is advisable to refer to indicators with larger levels. Currently, the cryptocurrency price is still below the five-day moving average, connecting with the red TD3 for a bearish arrangement. The overall weakening of BOLL indicates that there is strong selling pressure above. The trading volume continues to decrease, which basically indicates that the market is still in a triangular range, continuing its volatile adjustment. Now we are just waiting for the adjustment to end; Ethereum is likely to continue to decline with increasing volume.
On the 12-hour chart, the KDJ has once again turned downwards and weakened, and BOLL is continuing to show weakness. The main chart shows the cryptocurrency price currently sticking to the five-day and ten-day moving averages (which indicates that there is not much strong volume sentiment in the short term). The high MA30 continues to decline, and the downward sentiment remains quite strong. Therefore, my current short-term view is that after Ethereum breaks out of the volatile range, it will likely continue to decline with increasing volume, with the key support for the market still referring to the 3100-2900 area.
$COW , opened a small position around 0.983, stop loss set at the new low of 0.95 for a small level pullback, target to first look at the range of 1.15-1.2!