Ethereum price started a downside correction below the $3,150 zone. ETH is now consolidating near $3,120 and might attempt a fresh increase. Ethereum started a short-term downside correction below the $3,150 zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $3,040 zone. Ethereum Price Eyes Fresh Increase Ethereum price failed to start a fresh increase above the $3,250 zone and started a downside correction like Bitcoin. ETH declined below the $3,150 and $3,120 support levels. The bears even pushed the price below the $3,040 zone. It tested the $3,000 support zone. A low was formed at $3,016 and the price is now consolidating losses. It climbed above the 23.6% Fib retracement level of the downward move from the $3,340 swing high to the $3,016 low. Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,120 level. There is also a short-term contracting triangle forming with resistance at $3,120 on the hourly chart of ETH/USD. The first major resistance is near the $3,180 level or the 50% Fib retracement level of the downward move from the $3,340 swing high to the $3,016 low. The main resistance is now forming near $3,220. A clear move above the $3,220 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,450 resistance zone. Another Decline In ETH? If Ethereum fails to clear the $3,320 resistance, it could start another decline. Initial support on the downside is near the $3,060 level. The first major support sits near the $3,040 zone. A clear move below the $3,040 support might push the price toward $2,980. Any more losses might send the price toward the $2,920 support level in the near term. The next key support sits at $2,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,040 Major Resistance Level – $3,120

Bitcoin price saw a short-term correction below the $90,000 zone. BTC is now again rising and the bulls could now aim for a move above $94,000. Bitcoin started a fresh increase from the $86,600 zone. The price is trading above $88,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $91,000 resistance zone. Bitcoin Price Aims Higher Bitcoin price started a short-term downside correction below the $90,000 level. BTC traded below the $88,000 level before the bulls appeared. A low was formed at $86,622 and the price is now recovering higher. There was a move above the $90,000 level. A high was formed at $91,839 and the price is now consolidating. It tested the 50% Fib retracement level of the upward move from the $86,621 swing low to the $91,839 high. Bitcoin price is now trading above $88,000 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $91,000 level. There is also a connecting bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair. The first key resistance is near the $91,850 level. A clear move above the $91,850 resistance might send the price higher. The next key resistance could be $92,500. A close above the $92,500 resistance might initiate more gains. In the stated case, the price could rise and test the $93,450 resistance level. Any more gains might send the price toward the $95,000 resistance level. Another Decline In BTC? If Bitcoin fails to rise above the $91,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $89,250 level. The first major support is near the $87,850 level or the 76.4% Fib retracement level of the upward move from the $86,621 swing low to the $91,839 high. The next support is now near the $86,620 zone. Any more losses might send the price toward the $83,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $89,250, followed by $87,850. Major Resistance Levels – $91,000, and $92,500.

Analysts are confident that Mantra’s price could move upward as key indicators show a potential hike. The cryptocurrency has become one of the top performers in the altcoin market as daily active addresses surged by 570% and hit an all-time high. Active Addresses Soar Analysts pointed out that there is a growing excitement among Mantra holders as they are anticipating a possible airdrop in the upcoming days. Cosmos Airdrops made the announcement as the coin recorded a new all-time high and experienced a surge in its daily active addresses. Data showed that the cryptocurrency’s daily active addresses skyrocketed by 573% in the last three days, indicating that the digital asset has an increasing appeal to its holders resulting in higher trading activity. As of writing, OM is being traded at $3.35 per coin – a new all-time high – with a 24-hour trading volume of more than $674 million. In the last week, Mantra has sustained an impressive 132% price increase. Its total market capitalization is over $3 billion. Moreover, whale activity is also moving upward due to the recent price hike. For instance, Spot On Chain revealed that a whale who owned a large volume of Mantra since December 2023 recently bought more coins to boost his OM holdings. The whale purchased $2.62 million worth of OM tokens in addition to the 18.27 million coins the whale already owned. Further, Mantra’s net inflows from whales or large holders surged to 2.39 million OM worth $5.75 million on November 15 from 716,040 tokens recorded on November 13. Analysts said that the growing interest of large investors is a sign that the OM market is bullish. OM Hits All-Time High Market commentators said that Mantra’s price has increased by nearly 50% in the past 24 hours, to push the coin up to a new all-time high. Analysts said that in the past 12 months, the cryptocurrency has increased by more than 10,000%, making it among the top-performing altcoins in the crypto market. This milestone also established Mantra as the only RWA-focused digital asset to attain 100 times return this year. According to CoinGecko, Mantra ranked 44th in terms of total market capitalization. In addition, analysts also saw a surge in the open interest in the coin’s futures market which went up 78.22% in the previous day hitting a new record of $115 million. This figure is a big leap from the $24.70 million in September. Bullish Momentum Analysts are predicting that Mantra will continue to have an upward trend as the price chart shows that the token is floating above the upper Bollinger Band at $2.0850. This forecast was confirmed by data from the Average Directional Index reading wherein the token has recorded 35.96, adding that values beyond 25 usually indicate that the trend surrounding a digital asset is strong. Market observers said that if investors look at the indicators, Mantra may continue to go up and may have another price rally in the short term. Featured image from Pexels, chart from TradingView

Bitcoin has maintained its bullish momentum over the weekend, solidifying its position above the $90,000 mark. This milestone showcases Bitcoin’s resilience as it continues to captivate investors with its upward trajectory. The market has been buzzing with optimism as Bitcoin inches closer to new highs. However, recent on-chain data suggests that a potential pullback could be on the horizon. Key data from CryptoQuant reveals that Bitcoin miners have sold over 3,000 BTC in the past 48 hours. This wave of miner profit-taking often signals a cooling phase, as it introduces additional supply into the market. While the selling activity is not uncommon during periods of strong price action, it could lead to a short-term consolidation phase below the all-time high of $93,400 set earlier this week. Despite this, Bitcoin’s ability to hold above $90,000 highlights strong underlying demand and robust market sentiment. Investors and analysts are closely watching the coming days to see if Bitcoin can absorb this selling pressure and maintain its bullish trajectory. Bitcoin Looks Very Strong Bitcoin’s price action has remained robust, breaking all-time highs multiple times over the past 11 days and reaffirming its bullish momentum. However, after such an aggressive upward movement, the market appears to be entering a period of consolidation as some investors and entities lock in profits. Crypto analyst Ali Martinez shared key data on X that highlights that Bitcoin miners have sold over 3,000 BTC in the past 48 hours, valued at approximately $273 million. This selling activity suggests that miners, typically long-term holders, are taking profits amid the recent surge. Such moves are common during strong bull runs and can indicate that market participants anticipate a short-term price plateau or retrace. While miner selling is a natural part of market dynamics, sustained activity of this kind could signal a shift in sentiment. If selling pressure persists, it might push Bitcoin toward lower demand zones, providing potential re-entry opportunities for sidelined investors. Currently, Bitcoin’s ability to absorb this selling pressure will determine whether the current bullish trend remains intact. A brief consolidation phase may be beneficial, allowing the market to establish a stronger foundation for the next leg up. For now, investors are closely watching key levels to gauge the potential for continued growth or a deeper correction. BTC Holds Steady Above $90,000 Bitcoin is currently trading at $90,600 after a volatile few days that saw its price range between its all-time high of $93,483 and a local low of $86,600. This consolidation comes after aggressive bullish momentum that set new records, leaving investors and analysts watching the next moves closely. Despite the recent cooling off, Bitcoin’s price action remains strong, supported by increasing demand and overall bullish sentiment. If Bitcoin can hold above the $86,000 level over the next few days, a renewed surge to challenge and potentially surpass its all-time high seems plausible. The market has shown resilience, with fresh demand continuing to emerge even as minor profit-taking occurs. However, there is a risk of a deeper retracement. Should Bitcoin lose support at $86,000, it would likely test lower demand levels, searching for a strong base to fuel its next upward move. Key support zones could provide the foundation for renewed buying interest and set the stage for the next bullish phase. Featured image from Dall-E, chart from TradingView

Solana (SOL) has captured the market’s attention after a series of volatile days, finally breaking above the $225 mark to reach new yearly highs. Currently trading at $235, Solana sits just 10% below its all-time high, sparking excitement among investors and analysts alike. Top analyst Ali Martinez recently shared a chart highlighting Solana’s potential for further upside. According to Martinez, the price is targeting the $250 level, which represents a critical supply zone. A successful breakout above this level could pave the way for Solana to challenge its all-time high, igniting a wave of bullish sentiment across the market. The next few days are shaping up to be crucial for Solana as it tests the resilience of its upward trajectory. Bitcoin’s bullish performance is also fueling optimism across the market, further supporting Solana’s price action. The recent breakout signals growing bullish momentum as Solana continues to outperform many other altcoins in the crypto market. Solana About To Enter Price Discovery Solana is on the verge of entering price discovery after successfully confirming a breakout above the critical $225 resistance. This pivotal move has reinforced bullish sentiment, with many analysts predicting an imminent surge to new all-time highs. As Solana breaks through key supply levels, its strong price action has positioned it as one of the most promising assets in the current market cycle. Martinez shared his technical analysis on X, emphasizing the significance of this breakout. According to Martinez, Solana appears to be entering a bullish phase, and this recent surge is just the beginning of a much larger upward trend. He identified $250 as the next target for Solana, which lies just below the all-time high of $259 set in November 2021. Martinez suggests that reaching these levels could ignite a sustained rally, pushing Solana into price discovery territory. The confirmation of the $225 breakout signals growing demand, driven by both institutional interest and broader market optimism. If Solana successfully tests and holds above the $250 mark in the coming days, it could trigger a domino effect, paving the way for further bullish momentum. Entering price discovery would likely attract significant buying pressure, driving Solana to uncharted territory and establishing new highs. Bullish Price Action: SOL Levels To Watch Solana is trading at $236, clearing yearly highs and setting a new local high just 10% below its all-time high (ATH). The price surged 9% today, signaling strong bullish momentum and renewed investor confidence in Solana’s upward trajectory. Bulls appear to be in full control of the price action, with demand driving significant upward pressure. To sustain this breakout and maintain its bullish momentum, SOL must hold above the $225 mark in the coming days. This level is now a crucial support zone that validates the recent breakout and sets the stage for Solana to challenge its ATH. A successful retest and hold above $225 would likely pave the way for SOL to continue its climb toward new record highs. However, if SOL fails to maintain this critical level, a period of sideways consolidation could ensue. Such a consolidation phase would not necessarily indicate weakness but rather a healthy pause, allowing the market to absorb recent gains before resuming its upward trend. In this scenario, bulls would still have the opportunity to reclaim control and propel SOL to new highs after establishing a stronger foundation. For now, all eyes are on Solana as it inches closer to price discovery and potential new ATHs. Featured image from Dall-E, chart from TradingView

The US-based spot Ethereum ETFs have continued to experience a high market interest following Donald Trump’s emergence as the next US President. As institutional investors continue to position themselves for a massive crypto bull run, these Ethereum ETFs have now registered over $500 million in weekly inflows for the first time since their trading debut in July. Meanwhile, the spot Bitcoin ETFs maintain a splendid performance, closing another week with over $1 billion in inflows. Spot Ethereum ETFs Notch Up $515M Inflows To Extend 3-Week Streak According to data from ETF aggregator site SoSoValue, the spot Ethereum ETFs attracted $515.17 million between November 9-November 15 to establish a new record weekly inflows, as they achieved a 3-week positive inflow streak for the first time ever. During this period, these funds also registered their largest daily inflows ever, recording $295.48 million in investments on November 11. Of the total market gains in the specified trading week, $287.06 million were directed to BlackRock’s ETHA, allowing the billion-dollar ETF to strengthen its market grip with $1.72 billion in cumulative net inflow. Meanwhile, Fidelity’s FETH remained a strong market favorite with $197.75 million in inflows, as its net assets climbed to $764.68 million. Grayscale’s ETH and Bitwise’s ETHW also accounted for weighty investments valued at $78.19 million and $45.54 million, respectively. Other ETFs such as VanEck’s ETHV, Invesco’s QETH, and 21 Shares’ CETH experienced some significant inflows but of no more than $3.5 million. With no surprise, Grayscale’s ETHE continues to bleed with $101.02 million recorded in outflows, albeit retains its position as the largest Ethereum ETF with $4.74 billion in AUM. In general, the total net assets of the spot Ethereum ETFs also decreased by 1.2% to $9.15 billion representing 2.46% of the Ethereum market cap. Related Reading: Spot Bitcoin ETFs Draw Over $2 Billion Inflows As Ethereum ETFs Turn Green Again – Details Spot Bitcoin ETFs Remain Buoyant With $1.67B Inflows In other news, the spot Bitcoin ETFs market recorded $1.67 billion in the past week to continue its stunning performance of Q4 2024. While the Bitcoin ETFs saw notable daily outflows of over $770 million at the week’s end, earlier weighted inflows of $2.43 billion proved quite significant in maintaining the market’s green momentum. BlackRock’s IBIT, which ranks as the market leader and the best-performing crypto spot ETF, now boasts over $29.28 billion in inflows and $42.89 billion in net assets. Meanwhile, the total net assets of the spot Bitcoin ETF returned to above $95 billion, capturing 5.27% of the Bitcoin market. At the time of writing, Bitcoin trades at $90,175 with Ethereum hovering around $3,097.

Ethereum has witnessed a huge surge in on-chain activity in the past week, with data showing an accumulation trend from crypto exchanges. According to on-chain analytics platfrom IntoTheBlock, about $1 million worth of Ether was withdrawn from crypto exchanges last week. This shift suggests that investors are adopting a holding strategy, even as the Ethereum price consolidates below $3,200. Notably, the last time Ethereum had outflows of this magnitude was in May 2023. The massive exodus of ETH from exchanges could indicate that traders are anticipating higher prices and moving their holdings into private wallets. Examining The Ethereum $1 Billion Outflow The notable outflow of Ethereum from crypto exchanges is highlighted by the ‘Aggregated Exchange Netflow’ data from IntoTheBlock. This metric, which follows the total number of assets entering crypto exchanges minus those leaving, is useful for determining the bullish sentiment among traders. A high outflow signals accumulation behavior since people buy on exchanges and withdraw it to their wallets. According to the metric, the netflow of aggregated exchanges in the last 24 hours comes at a negative 59,240 ETH change. This pattern is not an isolated occurrence but part of a larger trend that has unfolded throughout the week. IntoTheBlock highlighted this ongoing behavior on social media platform X, drawing attention to Ethereum’s weekly net outflow from exchanges reaching $1 billion. Interestingly, this movement is not exclusive to Ethereum. Bitcoin, the leading cryptocurrency, has also experienced a similar trend, with its weekly exchange net outflow mirroring Ethereum’s at $1 billion. This parallel behavior suggests a broader market sentiment where major cryptocurrencies are being withdrawn from exchanges and traders across the board are anticipating a bullish market ahead. What’s Next For Ethereum? Ethereum has retraced quite noticeably since it reached $3,420 on November 12. Particularly, Ethereum fell to $3,018 as Ethereum tokens flooded crypto exchanges. Despite the apparent 11% correction, the Ethereum price has managed to hold above support at $3,000. The decline seems to have given bulls another opportunity to load up more ETH. Now that the price floor seems to have been established at $3,000, we can expect the Ethereum price to kick off a new uptrend this week. At the time of writing, Ethereum is trading at $3,152, reflecting a 1.5% gain over the past 24 hours, hinting at early signs of recovery. Current price action puts Etherum forming a falling wedge pattern, which can break into either side. If the pattern breaks out to the upside, Ethereum may resume its bullish trajectory and retest the $3,400 resistance level in the coming days. Conversely, a break to the downside could trigger a deeper decline, potentially driving the price toward another support zone at $2,810. Featured image from The Guardian, chart from TradingView

Recent market dynamics have seen the XRP price surging past the psychological $1 mark for the first time since 2021. This marked a significant milestone for the XRP price, which has spent the majority of the last three years trading below $0.6. The rally, driven by key market dynamics and specific holder activity, highlights the role of strategic accumulation by large stakeholders. Particularly, on-chain data shows an intriguing trend among whales, sharks, and retail wallets. XRP Price Breakout To $1.26: Whale And Shark Accumulation Driving Surge The XRP price climbed to $1.26 on Binance, reaching a level not seen since November 11, 2021. This three-year high comes during a broader cryptocurrency market rally, but the XRP price growth is tied to the strategic moves of its key stakeholders and an anticipated change in leadership of the US SEC. According to on-chain analytics platfrom Santiment, large XRP holders, specifically wallets holding between 1 million and 100 million tokens, have been instrumental in this breakout. Notably, this holder cohort consists of the sharks and whales categories. That is, semi-large and large XRP holders. XRP whale and shark wallets have collectively accumulated 453.3 million XRP tokens in the past week alone, pushing their total holdings to about 18% of the total supply of XRP. At the current average XRP price, this accumulation is worth around $526.3 million. The accumulation by whale and shark wallets is no coincidence. As Santiment noted, history shows that large-scale acquisitions by market participants tend to signal bullish sentiment and often precede sustained price increases. Interestingly, while whales and sharks have been accumulating XRP, retail traders have been offloading their holdings. Santiment reported that wallets with less than 1 million XRP have collectively sold 75.7 million tokens over the past week, worth approximately $87.9 million. However, most of these offloadings have been scooped up by shark and whale wallets to essentially counter any negative effects of the dumps. What’s Next For XRP? The massive XRP price surge has seen the cryptocurrency displacing Dogecoin in market cap rankings to regain its position as the sixth-largest asset. The XRP price is up by about 11% in the past 24 hours, while the Dogecoin price has declined by about 7%. At the time of writing, XRP has retraced a bit from this three-year high of $1.26 and is currently trading at $1.06. Nevertheless, there is still a bullish sentiment surrounding XRP, especially if the sharks and whales can continue to hold above the $1 mark. This, in turn, is set to lead to a simultaneous retail FUD that will fuel more growth. According to crypto analyst Egrag Crypto, the next bullish step is for the XRP price to close above $1.10 on the current weekly candlestick. Featured image from DALL-E, chart from TradingView

The price of XRP has moved above $1, entering a price zone last seen in 2021. Amidst the general crypto surge, the prominent altcoin is undergoing a remarkable price rally resulting in 104.59% surge over the last seven days. As it stands, XRP appears to be shooting for the stars with analysts now strongly bullish on how high the token can go. XRP ‘Kaboom’ Confirmed – Here’s Price Path To $32 In an X post on November 16, market analyst EGRAG CRYPTO shared a positive prediction on XRP in regard to market cap following recent gains. EGRAG Crypto noted that XRP’s market cap is closing above the Fibonacci level of 0.702 which corresponds to $51.35 billion, and has recently reached the Fibonacci level of 0.786, which represents $60.06 billion. Importantly, the coin is also breaking past an ascending trendline that stretches back to 2017, which all presents a super bullish signal that will initiate a series of significant price explosions. According to the analyst, if the XRP monthly candle closes above the Fibonacci level of 0.786, it will confirm an ascent to the Fibonacci level of 1.618 at which the crypto will attain total market shares of $283.42 billion. In regards to price action, the current supply of 57 billion XRP indicates a potential price target of $4.96 if this market cap is achieved. However, as earlier stated, XRP’s recent price rally has ignited a strong bullish signal that is to result in a cascade of price surges. Therefore, EGRAG Crypto has projected multiple Fibonacci level targets for XRP market cap, with the attainment of each one, a confirmation of the next. Following a successful climb to the Fibonacci level of 1.618, future targets by EGRAG are levels 2.0, 2.272, and 2.618, at which XRP is expected to have market cap values of $577.86 billion, $959.66 billion, and $1.83 trillion. These market shares will correspond to prices of $10.13, $16.83, and $32.11, respectively. XRP Market Cap Hits $65 Billion, Becomes 6th Largest Crypto According to data from CoinMarketCap, XRP’s market cap is now valued at $65.24 billion, reflecting a 26.51% gain in the past day. Notably, the altcoin has also flipped DOGE to become the sixth-largest cryptocurrency amidst the recent price gain. XRP began gaining aggressively on November 15, price increase after SEC Chair Gary Gensler hinted at a possible resignation which may spell some good news in the Commission’s ongoing case with Ripple. These gains have been further strengthened by a massive buying spree by the XRP whales who are eyeing larger future gains. At the time of writing, XRP trades at $1.10. Meanwhile, the asset’s daily trading volume has increased by 104.46% and is valued at $23.13 billion.

As we look ahead to 2025, searching for affordable altcoins with the potential for massive gains is more vital than ever. Some altcoins are currently priced lower than your favourite cup of coffee, making them perfect for budget-conscious investors looking for exponential growth. Let’s look into the top 5 altcoins under $1, including FX Guys, a rising star in the Top PropFi Project space with immense potential. BUY $FXG TOKENS HERE 1. FXGuys ($FXG): The Top PropFi Token to Watch FX Guys ($FXG) is a unique altcoin with a rich ecosystem that benefits traders and token holders. Currently in Stage 1 of its presale at $0.03, FX Guys has already raised over $1,000,000 by selling 68,000,000 tokens in a private round. This low entry price presents an excellent opportunity for those looking for exponential gains by 2025. FX Guys brings a host of benefits, including: Staking $FXG to access 20% profit and revenue share from broker trading volume. The Trade2Earn program, where every trade earns FXG tokens, boosts trading activity and liquidity. The Trader Funding Program offers top traders up to $500,000 in capital through trading challenges, with an 80/20 profit split favouring traders. What makes FX Guys even more appealing is its broker-backed PropFi model, which allows traders to earn without worrying about buying or selling taxes or lengthy KYC processes. With the potential for massive adoption and continuous innovation, the FX Guys is a must-watch token for 2025. BUY $FXG TOKENS HERE 2. The Sandbox (SAND): Shaping the Future of Metaverse The Sandbox (SAND) is another altcoin that offers significant promise at an affordable price. As a leading metaverse token, SAND powers a virtual world where users can create, own, and monetize their experiences. With SAND currently priced under $1, it provides a low-cost entry into the burgeoning metaverse, with the potential for strong returns in the next few years. 3. Flare (FLR): Bridging Blockchain Ecosystems Flare (FLR) is a promising token designed to unlock the value in blockchains through its advanced interoperability capabilities. By connecting disparate blockchain ecosystems, Flare enables the seamless movement of assets and data between chains. With a price under $1, FLR presents a budget-friendly investment option for those seeking growth in 2025, especially as blockchain interoperability becomes more crucial. 4. Hedera (HBAR): Enterprise-Grade Distributed Ledger Technology Hedera (HBAR) is known for its high-performance distributed ledger technology (DLT), which offers lightning-fast transaction speeds and robust security features. HBAR powers the Hedera network, which enterprises use for various decentralized applications (dApps). With a strong focus on energy efficiency, HBAR is gaining traction as one of the best defi projects in the space. At its current price, it’s an attractive option for investors seeking long-term gains. 5. AIOZ Network (AIOZ): Decentralizing Content Delivery The AIOZ Network (AIOZ) uses blockchain technology to reinvent the content delivery network (CDN) space. By decentralizing content delivery, AIOZ provides faster, more cost-effective services than traditional CDNs. Priced below $1, AIOZ represents a unique opportunity for investors looking to capitalize on the evolving world of decentralized media and content streaming. BUY $FXG TOKENS HERE Conclusion: Affordable Altcoins with Massive Potential Investing in altcoins under $1, such as FXGuys, SAND, FLR, HBAR, and AIOZ, offers a promising opportunity for exponential gains by 2025. The FX Guys token, in particular, stands out with its Trade2Earn, Staking, and Trader Funding Program features, making it one of the best defi tokens in the current market. Its ability to offer profit and revenue sharing through staking and access to a proprietary trading business cements its position as a top contender for high returns in the future. To find out more about FX Guys follow the links below:Presale | Website | Whitepaper | Socials | Audit Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

As Donald Trump prepares to take office for another term, speculation is intensifying regarding the future of crypto regulation, particularly concerning the leadership of the US Securities and Exchange Commission (SEC). Recent social media posts by FOX journalist Eleanor Terret suggest that SEC Chairman Gary Gensler may be on the verge of resigning, possibly before Trump’s inauguration in January 2025. Pro-Crypto Candidates In The Running To Succeed Gensler According to sources close to the situation, Terret says Gensler’s resignation, which would leave his term, set to expire in 2026, uncompleted, is expected to be announced after Thanksgiving. However, while Gensler has faced heavy criticism during his tenure for his strict regulatory approach to the crypto industry, the identity of his successor remains uncertain. Former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo has dismissed rumors regarding his nomination, while several other candidates are being considered. Among the names in the mix are Dan Gallagher, Chief Legal Officer at crypto exchange Robinhood; Bob Stebbins, a partner at Willkie Farr; former SEC Commissioner Paul Atkins; and Paul Hastings lawyer Brad Bondi. Terret suggests that Gallagher, while initially reluctant to leave Robinhood, may reconsider as the dynamics of the administration’s appointments shift. Stebbins, who has close ties to Jay Clayton, a former SEC chairman, is rumored to be a favored candidate, though he lacks a crypto background. Still, sources suggest he would follow the Trump administration’s lead on digital assets. Atkins and Bondi are both known for their pro-crypto stance, advocating for a “lighter regulatory touch.” Atkins serves on the board of the Digital Chamber of Commerce and co-chairs its Token Alliance, focusing on token issuance growth. Bondi has been involved in advising decentralized finance (DeFi) projects, indicating a commitment to fostering innovation in the crypto space. Trump Plans Resource Allocation For CFTC Other names circulating in crypto circles include former CFTC Chair Heath Tarbert, former Acting Comptroller of the Currency Brian Brooks, and former SEC Investment Management Director Norm Champ. Champ recently expressed his willingness to serve if asked, signaling his interest in a potential role in the upcoming administration. In addition, pro-crypto SEC Commissioner Mark Uyeda is reportedly open to taking the chairmanship, possibly as acting chair, while fellow Commissioner Hester Peirce, dubbed the “crypto mom” of the agency, has privately indicated her disinterest in the role. With these leadership changes on the horizon, Terret anticipates that the new SEC chair will be pro-crypto, while also being equipped to handle the broader responsibilities of the agency, which include oversight of public companies, the stock market, the bond market, private funds, and the consolidated audit trail (CAT). Compounding the speculation is the expectation that the Trump administration may also increase the CFTC’s role in cryptocurrency regulation. Terret asserts that the administration is considering allocating more resources to the CFTC, although the specifics of how this will be implemented remain unclear and would likely require additional funding. Featured image from DALL-E, chart from TradingView.com

A little over a year since its debut, the SEI token has experienced remarkable growth, looking to break into the top 50 largest cryptocurrencies by market capitalization. The altcoin has been one of the best performers in the past few days while posting a double-digit gain in the last 24 hours. Crypto Analyst Says Token Is Heading To $0.65 — Here’s How In a recent post on the X platform, prominent crypto analyst Ali Martinez put forward an interesting projection for the price of SEI in the short term. According to the pundit, the cryptocurrency seems ready to continue its upward momentum and movement. This bullish forecast revolves around the formation of the bull flag pattern on the SEI price chart on the four-hour timeframe. The bull flag formation often serves as a strong continuation pattern for upward price trends. The technical analysis formation is characterized by a period of almost vertical upward price movement (the flagpole) followed by a slight consolidation period (the flag itself). While the bull flag pattern signals the potential for price to trend higher, it is necessary to wait for a successful break out of the consolidation for confirmation. As observed in the chart above, the price of SEI appears to have broken out of the consolidation zone, with a four-hour candlestick closing above the upper boundary. According to Martinez, this recent price action puts the next stop for the token at $0.65, representing roughly a 20% rally from the current price. As of this writing, the SEI token is valued at around $0.53, reflecting an almost 16% climb in the past day. The altcoin, which was mostly quiet all week long, is now up by nearly 18% in the last seven days, according to CoinGecko data. Is SEI Following SUI? Earlier in the past week, Martinez predicted that the price of SEI was soon going to follow the path of the red-hot SUI. Perhaps due to their similar names, these two crypto tokens have an almost identical price trajectory. It is worth mentioning that SUI, which is up by more than 50% in the past week, has been impressive long before positive momentum returned to the market. However, Martinez took to the X platform to share that SEI will follow SUI’s bullish footsteps — with $1.6 in its sights. Featured image created by Dall-E, chart from TradingView

The cryptocurrency market saw some of its best days over the past week, with several altcoins enjoying the positive climate surrounding the industry at the moment. While the top meme coins like Dogecoin, Shiba Inu, and Pepe were the biggest beneficiaries of the recent bullish momentum, altcoins like Polkadot also showed good signs of impending upward movement. According to data from CoinGecko, the Polkadot price has witnessed an almost 15% increase in the last 24 hours. A popular crypto pundit on the social media platform X has said that the bullish run for the DOT token is only just about to commence while predicting the next price target for the altcoin. DOT To Surge 30% In The Next Few Days — Here’s How In a November 16 post, prominent crypto expert Ali Martinez shared an exciting analysis for the Polkadot price over the next few days. According to the analyst, the current outlook of the altcoin’s price suggests that it might be ready for a significant run to the upside. The rationale behind this bullish projection is the formation of a bull flag pattern on the four-hour timeframe of the Polkadot price chart. The bull flag is a technical analysis pattern marked by a period of steep upward movement (the flagpole) typically followed by slight sideways price action. The bull flag is usually considered a prevailing continuation pattern for an upward trend, signaling a potential move to a higher price point. However, it is important to wait for a confirmed break out of the consolidation before ascertaining that the price will continue its upward trajectory. As shown in the chart above, the price of DOT originally appeared to be in a bull pennant as it moved towards a convergence. However, the Polkadot price broke out of the consolidation period early, forging a bull flag out of what initially seemed like a pennant pattern. Nevertheless, the price of Polkadot appears to be on the rise, with Martinez putting the altcoin’s next stop at $7.50, which represents a more than 30% rally from the current price point. It is worth mentioning that this exact projection was made by expecting future prices to mirror the length of the initial flagpole. Polkadot Price At A Glance As of this writing, the Polkadot token is valued at around $5.74, reflecting an impressive 15% surge in the past day. Meanwhile, the altcoin’s performance is even more remarkable on the weekly timeframe. According to CoinGecko data, DOT is up by more than 30% in the last seven days.

As of August 2024, the Tron network has the second-largest stablecoin market share. The majority of Tron’s $577M in revenue for Q3 came from the network’s stablecoin activities. Arkham Intelligence, a onchain analytics business, said that Tether minted $1 billion worth of USDT stablecoins on the Tron network without paying any fees for the massive transaction. A transaction from a Tron “black hole address” to Tether’s multisignature wallet starting with the characters “TBPxh” was identified on November 14 by the analytics platform. The onchain records also reveal that the funds were moved to the stablecoin firm’s treasury nearly immediately after the 1 billion USDT were transmitted to Tether’s multisignature wallet, and this transaction also had zero fees. Stablecoin companies have found the blockchain ecosystem appealing. And receivers in developing nations, where high network costs may drastically reduce the value of a payment or transfer, will find the Tron network to be suitable because of its very cheap fees. RIsing Dominance With a total of $62.7 billion, the Tron network has slighlty less USDT authorized than Ethereum’s $62.9 billion. This is according to Tether’s transparency page. The rival layer-1 blockchain has about the same amount of USDT circulating. Even though Tron’s ecosystem is far smaller than Ethereum’s. The majority of Tron’s $577 million in revenue for Q3 2024 came from the network’s high level of stablecoin activities. As of August 2024, the Tron network has the second-largest stablecoin market share among blockchain ecosystems. Back then, the Ethereum network had a remarkable 55.7% share of all stablecoins produced. While Tron had 37.9% of the market. On the Tron blockchain, Tether added another 1 billion USDT that same month. The extra USDT was intended to “replenish” the supply, according to Tether CEO Paolo Ardoino, who stressed that the tokens were approved but not distributed after the stablecoin mint. Until the corporation makes a fresh issuance request and issues the tokens to trade on the open market, these approved but not issued USDT tokens will stay in inventory. Highlighted Crypto News Today: Can Cardano (ADA) Reach the $1 Milestone Soon?

The post-election market pump will certainly see the rise of many new players. And experts are pretty confident that FX Guys ($FXG) could be the very next big thing we’ve been waiting for. They even claim that $FXG could outperform top meme coins like Pepe (PEPE) and Shiba Inu (SHIB) in the post-election market pump. And it’s not that hard to see why! The FX Guys project is essentially changing the way traders approach trading. As an innovative new crypto trading platform that’s blending the best of DeFi and TradFi, it has seen some major wins in its ongoing public presale. But the main question is, can $FXG really dash past top meme coins like PEPE and SHIB behind? Read on to get the answer! BUY $FXG TOKENS HERE FXGuys Could Emerge as a Major Player in the Post-Election Market Pump With Trump’s election win sending the market into a bull phase, FX Guys might just be the hidden gem investors are hunting for. While top meme coins like PEPE and Shiba Inu are grabbing headlines, FX Guys is something entirely different. It’s not a speculative asset. It’s got features traders really need. One of the biggest challenges for traders like you is low capital when trading big. FX Guys tackles this with its Trader Funding Program. The FX Guys platform gives you up to $200,000 in capital. Imagine focusing on your trading strategy without worrying about starting cash. FX Guys gives you that freedom. And the profits are split 80/20 in your favor. For those who value rewards, a perk is the FX Guys Trade2Earn feature. With every trade, you’re earning $FXG tokens on top of your profits. It gives you an additional stream of rewards. It’s like getting paid just for participating, so even during market dips, you’re still stacking up extra income. Another big pain point is the slow payout times on most platforms. FX Guys solves this with quick payouts. The new crypto trading platform makes sure your earnings land in your account fast—no waiting around. You can reinvest your profits or cash out without the typical delays. And let’s not forget staking rewards. By holding your $FXG tokens, you’re not just watching their value grow; you’re also earning rewards. So, if you’re looking to get into a project with a promising ecosystem and real use cases, FX Guys could be the answer. With the post-election market pump underway, $FXG is perfectly aligned to deliver maximum gains! BUY $FXG TOKENS HERE PEPE Could Face a Major Correction Along With Bitcoin in 2025 PEPE holders are riding high after the recent post-election market pump, which pushed the memecoin up over 60% from $0.000008537 to $0.00001360 in just a week. This jump has sparked hope that PEPE might finally climb back to its all-time high in 2025. But note that some experts are warning of a potential market cooldown next year. CryptoQuant CEO Ki Young Ju believes that Bitcoin (BTC)—which just set a new ATH—could experience a downturn in 2025. PEPE has a high correlation (0.61) with BTC. That means PEPE often follows BTC’s trends. And this could signal rough waters ahead for the frog-themed token. In a bullish market scenario, analysts say PEPE’s best case could be around $0.00003289 in early 2025. Yet, in the same timeframe, $FXG is predicted to soar. That’s why it is attracting investors with its potential for over 100x gains. If the crypto market does hit turbulence, FX Guys might just be the safer (and more profitable) bet. New Transactions on Shibarium Explodes as Shiba Inu Climbs 49% in a Week Shiba Inu holders are delighted. SHIB joined other top meme coins in the post-election market pump. We’re talking about an increase of 49% from $0.00001778 to $0.00002641 in just seven days for Shiba Inu. But the excitement isn’t just in the price action. Shibarium has experienced a remarkable increase in activity. New transactions on Shibarium soared by a staggering 90,259% within a month. The number of new transactions on Shibarium stood at 5,186 on October 11, 2024. The figure has touched 4,686,067 as of November 11. Shiba Inu is finally getting back on track. And experts say this could just be the beginning of a bull run. They predict SHIB could push to $0.00004914 by the year’s end. But while Shiba Inu is in the spotlight, it might not outshine the 100x growth potential of the new crypto token—$FXG! BUY $FXG TOKENS HERE $FXG: The New Crypto Coin That Challenges Top Meme Coins! In a market where top meme coins like PEPE and Shiba Inu dominate, $FXG is taking over in the post-election market pump. $FXG is not like any meme coin—it’s a functional crypto with serious potential. With all eyes on this new token, $FXG is gearing up to take on the big players with over 100x gains post-launch. Now, in Stage 1 of its public presale, $FXG is priced at $0.030. The DeFi coin promises a hefty 233% jump to the launch price of $0.10. This is on top of a 100% boost from its Private Sale Round and a massive 200% from its Seed Funding Round. Over 93% of the Stage 1 tokens are already gone, with 133 million tokens claimed. And with audits from SolidProof and Soken, $FXG is ticking all the boxes. If you’re looking to grab $FXG, just connect your wallet, pick your amount, and snag some tokens before Stage 2 kicks in! To find out more about FX Guys follow the links below: Presale | Website | Whitepaper | Socials | Audit Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Shiba Inu (SHIB) is garnering attention once more due to a significant rise in its burn rate. Recent statistics indicate a 115% increase in the burn rate, with more than 16.1 million SHIB tokens incinerated in a single week. This increase is noteworthy since it diminishes the circulating supply of SHIB, potentially exerting upward pressure on its price if demand remains constant or escalates. A Community-Led Initiative The current increase in SHIB’s burn rate is mostly propelled by community efforts to augment the token’s worth. Advocates have united to endorse multiple burn events, transferring tokens to inactive wallets and thereby eliminating them from circulation. The total amount of SHIB burned since the year started is a whopping 410 trillion tokens, proving the community’s will to reduce supply and improve scarcity. This milestone corresponds with overarching economic principles: when supply decreases and demand remains stable or increases, the likelihood of price appreciation escalates. The Shiba Inu community asserts that these initiatives would enhance SHIB’s market standing and draw new investors seeking opportunities in the cryptocurrency sector. Market Reaction And Price Fluctuations As a result, the price of SHIB rose following news of this increased burn rate. The value of the token jumped by 27% to around $0.00002753, levels that hadn’t been witnessed for months. A good sign of the state of the market mood among investors is the community’s proactively managed supply strategy. Additionally, whales in this context have actually been driving this positive sentiment. Major SHIB holders have undertaken large burn transactions, which have then diluted the circulating supply and challenged the community. The bigger whales are going to nudge participation in the market from other, smaller investors with their increased activity in the coin. Positive Outlook For Shiba Inu As Shiba Inu progresses, numerous analysts express optimism regarding its potential price fluctuations. Due to heightened burning, enhanced community involvement, and favorable market mood, SHIB may be poised for a substantial gain. Certain analysts forecast that, should prevailing trends continue, SHIB may see price escalations of up to 80% in the near future. At the same time, the Shiba Inu ecosystem will continue to mature with new upcoming projects. These developments should further strengthen user engagement and the overall value proposition of SHIB, even in a competitive marketplace. With a new high in the burn rate of Shiba Inu, this is more than just a good development for its community and investors; it means that by actively burning its supplies and encouraging participation, SHIB might strategically be well-positioned to grow as it continues navigating the evolving cryptocurrency landscape. Featured image from Dall-E, chart from TradingView

XRP has been causing waves in the crypto space with a significant price pop and equal amounts of market attention from investors. Whale and shark wallets holding a minimum of 1 million XRP recently reached a five-year high of 45.61 billion tokens. The increase in accumulation suggests renewed confidence from high net-worth investors who believe there is more upside for the coin. As per Santiment, these whales collected 3.44 billion tokens over the last two years which is an uptick of 8%. The last week brought jubilant news for the XRP enthusiasts as the price rallied by over 90%. The excitement around the currency however is on the all-time high due to the prevailing communal positive energy and enthusiasm. Rising Prices, Growing Conversations The strong rally of XRP has ignited conversations online once more. Nearly 5% of crypto discussion recently has focused on XRP’s impact which indicates its increasing relevance. The token is currently priced at approximately $0.71 and has strong resistance ahead of it. Analysts believe that, given factors such as funding rates and the fear of missing out (FOMO), maintaining that momentum will be essential in the next upward price movement. However, considerable concern persists. If overextended longs arise on big exchanges such as Binance, the rising trend may slow. It’s a fine line between optimism and the requirement for market health to sustain prolonged rallies. Technical Breakout Leads To Higher Targets Technically, XRP’s recent price fluctuations indicate a positive trend. Crypto researcher Jonathan Carter said that the token has broken out of a triangle pattern that has been in place since 2021. Such breakthroughs frequently herald big price movements, and for XRP, this could point to mid-term resistance around $1.68. Historical patterns, on the other hand, add to optimism. Analysts have drawn comparisons to XRP’s performance in 2017, indicating the possibility of exponential development. While estimates range as high as $4.80 by late 2024, they are dependent on sustained growth and broader market circumstances. Market Activity Supports Momentum There has also been increased activity of XRP in the market as well. The trading volume within the last 24 hours has registered an increase of 120% to hit the $17.50 billion mark. This rise coupled with a 12 percent rise in open interest in respect of XRP derivatives points out to more traders betting on the potential of the token for further upside. Despite the positive developments, caution is urged. Based on CryptoQuant data, while miner sell-offs are currently contained, they are likely to be more pronounced if the rally goes beyond the allowable limits. As of now, investors in XRP are hopeful of the future, thanks to whale accumulation, technical breakouts, and a proactive community. But whether this trend can actually continue or not will depend on the balance of market forces and investors’ expectations. Featured image from Earth.com, chart from TradingView

Cathie Wood, CEO of asset manager and crypto ETF issuer ARK Invest, has long maintained her bullish outlook on Bitcoin, and her recent comments reinforce her optimistic projections for the largest cryptocurrency. Following Donald Trump’s electoral victory over Vice President Kamala Harris last week and Bitcoin’s recent surge to an all-time high of $93,250, investor sentiment surrounding Bitcoin has notably improved. Anticipated Regulatory Relief In a recent interview on CNBC’s Squawk Box, Wood discussed her expectations for Bitcoin’s price trajectory. She stated that ARK Invest’s targets for 2030 range between $650,000 and, in a bullish scenario, between $1 million and $1.5 million. Ark’s CEO attributed the current uptrend in Bitcoin’s value to several catalysts, particularly the anticipated regulatory relief that could come from Trump’s new administration. The now 47th President of the United States has vowed to make significant changes, particularly in the leadership of the US Securities and Exchange Commission (SEC), headed by Gary Gensler and characterized by lawsuits, Wells Notices and increased scrutiny of key industry players. This has led to notable discontent over the past three years of his tenure at the regulatory agency, prompting executives and investors in the digital asset ecosystem to call for a change for a clearer regulatory framework that could invite further adoption and growth of the market. However, Trump promised to fire Gary Gensler on the first day of his new administration, which is expected to begin on January 20. He also vowed to make America the “crypto capital of the world” with a new framework and support for digital assets, with Bitcoin at the center of his economic agenda. This has resonated well with industry advocates, as evidenced by the broader market rally led by the market’s largest digital assets, which have risen nearly 25% since Trump’s election victory. Bitcoin As A Unique Asset Class During the interview, Wood also highlighted that ARK Invest was the first public asset manager to invest in Bitcoin when it was priced at just $250 in 2015. The asset manager believes that even at approximately $90,000, Bitcoin still has significant growth potential. According to Wood, Trump’s victory is pivotal, as it signals a shift toward a more favorable regulatory environment for the cryptocurrency sector—an outcome she views as crucial for Bitcoin’s future. Furthermore, Wood emphasized that Bitcoin has evolved into a distinct asset class, separate from traditional currencies. She believes that this shift indicates that institutional investors and asset allocators are increasingly looking to include Bitcoin in their portfolios, recognizing its potential as both a store of value and a hedge against inflation. At the time of writing, BTC is hovering around the $90,120 mark, still up 16% in the weekly time frame, despite the current retracement experienced over the past 48 hours. Featured image from DALL-E, chart from TradingView.com

Larry Dean Harmon of Ohio was officially sentenced Friday for running the darknet crypto mixer Helix over allegations that he had processed over $300 million worth of crypto tokens from 2014 to 2017. Harmon gets a three-year sentence, in addition to forfeiture of assets up to $400 million, for his role in laundering over $300 million worth of Bitcoin tokens for darknet’s drug markets. According to US authorities, Harmon used the platform to help launder the drug dealers’ funds, facilitating the transfer of over 350,000 BTCs from 2014 to 2017. He gets a three-year sentence, a relatively light serving time, but faces a forfeiture money judgment worth $311,145,854 and forfeiture of all seized assets amounting to at least $400 million. A ‘Lighter Sentence’ Over Money Laundering Case According to court documents, Harmon operated Helix from 2014 to 2017 and, during this time, laundered up to $300 million worth of Bitcoins on behalf of drug dealers. After hearing the case and with Harmon’s guilty plea, US District Judge Beryl Howell sentenced Harmon to three years of jail time. In addition to prison time, Harmon will serve a three-year supervised release, pay the court up to $311 million, and surrender all seized assets, including cryptocurrencies and real estate, amounting to at least $400 million. Helix: Harmon’s Role In Laundering Drug Money Helix was a popular crypto-mixing service on the darknet and a favorite destination of drug dealers who wanted to launder their money. According to a Department of Justice press release, the mixing site processed 354,468 BTCs, or approximately $311,145,854, during transactions. Records show that the bulk of these funds are for darknet drug markets, and some are for customers based in the District of Columbia. Harmon collected a percentage of these transactions as fees and commissions for running the service. Harmon ensured that Helix was linked to Grams, a darknet search engine, and worked with most darknet markets as part of the laundering operations. Harmon used his proprietary API to integrate Helix into the darknet markets’ BTC withdrawal system. He also customized the API to make it more compatible with other markets. Last August 18th, 2021, Harmon submitted a guilty plea for conspiracy to commit money laundering. Harmon’s Cooperation Paved The Way For A Lighter Sentence Initially, Harmon was facing a possible 20-year sentence, even though the prosecutor campaigned for at least 75 months’ worth of prison time. However, the presiding judge only imposed a three-year sentence, crediting Harmon for his help in this case. This resulted in Roman Sterlingov’s sentencing to 12.5 years last November 8th. Judge Howell acknowledged Harmon’s effort to close the platform two years before the authorities charged him. The court considered this move a sign that Harmon had reformed, even before the case was filed. Featured image from CRI Group, chart from TradingView

Ethereum (ETH) is gearing up for an explosive bullish phase after decisively breaking above the crucial $3,000 mark. This milestone has fueled optimism among traders and investors, signaling a potential surge to new all-time highs. ETH’s recent price action demonstrates strong momentum, suggesting that the second-largest cryptocurrency by market cap is ready to reclaim its place in the spotlight. Renowned analyst and investor Carl Runefelt has bolstered this bullish outlook with a compelling technical analysis. Sharing his insights, Runefelt pointed out Ethereum’s impressive recovery and growing strength. He emphasized that if current momentum continues, the $6,000 milestone could be within reach sooner than many expect. According to Runefelt, Ethereum’s upward trajectory is supported by increasing network activity, heightened institutional interest, and broader adoption of its smart contract capabilities. The crypto market’s recent surge, led by Bitcoin’s new all-time highs, has created an environment ripe for Ethereum to follow suit. As traders focus on ETH’s potential to outperform other altcoins, all eyes are on whether it can sustain its breakout and push higher. The coming weeks will be crucial as Ethereum solidifies its position above $3,000, potentially paving the way for a rally that could redefine expectations for this cycle. Ethereum Testing Supply Ethereum is on the brink of a significant breakout as it approaches the last major supply levels before potentially embarking on a Bitcoin-like rally. After reclaiming its local highs with strong momentum, Ethereum has captured the attention of traders and investors looking for the next big move in the crypto market. Many believe the current consolidation phase is just the calm before a bullish storm. Runefelt recently shared a detailed technical analysis on X, highlighting Ethereum’s readiness for a massive bull run. Runefelt emphasized that ETH is mirroring Bitcoin’s recent explosive breakout, suggesting that Ethereum could be next to surge. According to his analysis, this may be the last opportunity to buy ETH at relatively low prices before the market takes off. Runefelt set an ambitious price target of $6,000, forecasting this level as attainable once Ethereum breaks through its final supply zones. Ethereum’s potential rally is supported by a combination of technical strength and increasing demand for its smart contract platform. With Bitcoin setting new all-time highs, the market’s focus is gradually shifting toward altcoins, particularly Ethereum. If ETH breaks above its current resistance, it could ignite a wave of buying pressure that sends prices soaring to unprecedented levels. ETH Testing Technical Levels Ethereum is currently trading at $3,110, following a 12% retrace from its recent local highs. Despite the pullback, ETH continues to show resilience, holding firmly above the 200-day moving average (MA) at $2,955. This key demand level is a strong indicator of long-term market strength and suggests that Ethereum remains in bullish territory despite short-term volatility. The 200-day MA serves as a critical support zone, and its defense could pave the way for a significant rally in the coming days. If ETH maintains its position above this level for an extended period, it would signal renewed bullish momentum and set the stage for a breakout to higher supply zones. The next major resistance level for Ethereum is at $3,450. A successful breach and consolidation above this price point would confirm a breakout, positioning ETH to challenge its all-time high (ATH). Such a move could reignite bullish sentiment and attract new buying pressure from investors anticipating further gains. Featured image from Dall-E, chart from TradingView