Ethereum (ETH) is experiencing intense technical tension, after the formation of a head and shoulders pattern on the daily chart, with a warning of a potential decline of 20% to a level of $2,300 if the support at $2,780 fails. This follows the break of the neckline at $2,880 on January 25, raising concerns among investors about further decline.
However, data indicates a shift of capital from Bitcoin to Ethereum, after the WLFI fund converted about $8 million from Bitcoin to 2,868 ETH, a move often associated with expectations of a short-term price rebound. Meanwhile, whales continued to offload some assets, while long-term investors continued to accumulate the dips, which temporarily helped stabilize the price.#eth $ETH
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🚨 Urgent: BlackRock Company starts selling its holdings of Bitcoin and is heading towards buying currency $DOT (Polkadot) 🇺🇸 A surprising move from the largest investment institution in the world raises questions about the upcoming direction of the digital market! 💥
$TLM bullish signal for the currency .. the currency chart is positive The descending trend has been broken Targets after stabilizing above support 0.0046$ 0.005$ 0.0055$
The dollar is at risk of being replaced by Bitcoin
The CEO of Coinbase, Brian Armstrong, has issued a striking warning about the future of the global financial system, confirming that the rise of government debt, particularly in the United States, could pave the way for Bitcoin to become the global reserve currency.
In his speech at the company's annual summit in New York, Armstrong stated: "Democratic systems around the world are suffering from increasing deficits without oversight... Throughout history, when currency is detached from hard assets, it always ends with overprinting and monetary collapse."
$STRAX Trading at $0.04868 – Bulls Pushing Against Resistance After Rebound
STRAX is currently trading at $0.04868, having rebounded from recent lows and now facing immediate overhead resistance. The price action here will be crucial in determining if buyers can push higher or if selling pressure will lead to a retreat.
Bullish Entry: A confirmed move above $0.04869 could target: Target 1: $0.05000 Target 2: $0.05200 (implied, previous high)
Bearish Entry: A break below $0.04841 could target: Target 1: $0.04779 (24h Low) Target 2: $0.04700 (implied, next support)
STRAX/USDT is at a pivotal point. A decisive break above $0.04869 could signal further upside, while a sustained slip below $0.04841 might lead to a deeper retracement. #EDGENLiveOnAlpha #PCEMarketWatch #MarketPullback {spot}(STRAXUSDT)