cryptd.in

LinkedIn alternativo per i talenti crittografici

Never Wrong So Far: This Trader Bets Big on Ethereum (ETH)

-

da

cryptd.in
in

The cryptocurrency market has been bleeding heavily again, and ETH was not spared in the renewed correction.

The largest altcoin plunged 7% over the past 24 hours, yet many analysts remain optimistic that nothing is lost and a major rebound could be coming. Meanwhile, one whale’s actions support the bullish theory.

Time to Rally Again?

Earlier today (November 6), ETH dropped to nearly $2,200 before rising to the current $2,240 (per CoinGecko). Instead of panicking, though, one big investor appears to have seen the decline as a perfect buying opportunity.

Lookonchain revealed that the whale opened a $45.3 million long position on the asset with 25x leverage. What’s particularly interesting is that the mysterious person or entity has made 10 trades so far, and they have all been successful.

Playing with millions and winning each time has naturally fueled speculation that the whale might have inside information about potential upcoming events that can positively impact ETH. Of course, that is not guaranteed, but it could encourage smaller players to jump on the bandwagon with fresh capital and aid an eventual recovery for the cryptocurrency.

Some of the analysts commenting on ETH lately include Michael van de Poppe and ZAYRO ₿. The former expects the asset to outperform BTC in “the coming period.” However, he noted that the latest correction has made that scenario more challenging.

“This range is the big range for ETH. If this breaks above 0.03, we’ll see a strong move and a surge across the board in altcoins. Big weeks are upon us,” he added.

X user ZAYRO ₿ argomentato that ETH’s monthly chart is “absolutely ridiculous,” saying the past two expansion phases were followed by astronomical price increases.

“Now Ethereum has spent nearly 1,800 days building its next massive base. The longest consolidation of the three structures shown. The next expansion is the one I’m positioning for. A move into five-figure territory is written all over this chart. Ethereum’s parabolic chapter is far from over,” they concluded.

A Pivotal Moment

According to Daan Crypto Trades, ETH currently sits right on the big .618 Fibonacci retracement level and the Daily 200MA. The analyst focused on the $2,350 zone, suggesting that a move above can serve as “a proper sign of strength that the bullish momentum is back.” On the other hand, a drop below could trigger a deeper correction.

If you are curious to explore additional price forecasts, please take a look at our detailed article qui.

Il post Never Wrong So Far: This Trader Bets Big on Ethereum (ETH) è apparso per la prima volta su Criptopatate.

Commenti

Lascia un commento

Il tuo indirizzo email non sarà pubblicato. I campi obbligatori sono contrassegnati *

Ultimi feed

Categorie più popolari

it_IT Italiano
it_IT Italiano en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Ricerca nel sito web

Storie popolari

Tag

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElezione (1) #BinanceVsCoinbase (1) #Bitcoin (458) #BitcoinETF (3) #BitcoinFondamenti (1) #BitcoinHandling (1) #BitcoinPrezzo (5) #BitcoinPrezzoLivello (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTCacquisizione (1) 1TP5Previsione toro (1) #BullishSentiment (1) #CMiniera cinese (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativoSalto (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) 1TP5Corte olandese (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (74) #EthereumPain (1) #EPrezzo dell'Etere (1) #ExpertOpinion (1) #FedRateCut (1) #FiatValuta (1) #Fimpatto finanziario (1) #FinanziarioPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) 1TP5FondiIlleciti (1) #InflationData (1) 1TP5Investimento (1) 1TP5Perdita d'investimento (1) #Azienda giapponese (1) #Azione legale (1) #Impatto legale (1) #Legislazione (1) #LightningNetwork (1) #Manalisi del mercato (3) #MMonitoraggio del mercato (1) #Mprevisione di mercato (1) #Mprevisioni di mercato (1) #MProiezione di mercato (1) #MmercatoSupporto (1) #MmercatoVolatilità (1) #MCompatibile (1) #MemeCoin (5) #MemeCoins (2) #MinerProfittabilità (1) #MRiciclaggio di denaro (2) #MtGox (4) #Corea del NordCrittografia (1) #NovogratzPrevisione (1) #PriceMilestone (1) #PprezzoPrevisione (2) #PriceDomanda (1) #PrezzoAumento (1) #PcarcereSentenza (1) #QuantAnalisi (1) #RegolamentazionePressione (1) #SECAntiCrypto (1) #ShibaInu (6) #SocialBuzz (1) #T Analisi tecnica (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashSviluppatore (1) #UKCrypto (1) #UpsidePotenziale (1) #USCongresso (1) #WyomingLand (1) #XRPrezzo (1) #XRPupswing (1)

Link utili

Link che ho trovato utili e che volevo condividere.