Author: Sollcrypto

As the crypto market experiences a relief rally following a recent downturn, Ethereum (ETH) stands at a critical juncture. On-chain indicators suggest a significant price movement is on the horizon for Ethereum. Analyst Ali Martinez recently pointed out key trends in Ethereum’s price history, utilizing the TD Sequential setup to predict potential outcomes for the second-largest cryptocurrency. Martinez noted that Ethereum has exhibited a consistent pattern over the past two market cycles. Each time the price breaks above the TD setup resistance trendline (marked in red on the accompanying chart), ETH typically enters a strong bull run. Previous breakouts resulted…

China’s anticipated stimulus package is expected to drive a rise in Bitcoin and altcoins, with many analysts believing it could rejuvenate the cryptocurrency market. According to Bitfinex analysts, the fiscal stimulus set to be announced on October 12 could have a positive impact on Bitcoin and the broader crypto landscape. They noted that increased liquidity could benefit riskier assets like BTC. “We expect the substantial influx of fresh liquidity to positively affect all risk assets, including cryptocurrencies,” they stated. However, the exact details of China’s stimulus plans remain uncertain, and if they exceed expectations, market volatility could increase. Analysts believe…

Market Veteran Benjamin Cowen Predicts Ethereum Breakdown in Q4 2024, Drawing Parallels to 2016 and 2019 Cycles Benjamin Cowen, a well-known market analyst, has highlighted Ethereum’s cyclical breakdown patterns from 2016 and 2019, suggesting that a similar downturn could occur in Q4 2024. Cowen recently shared a chart of Ethereum’s ETH/USD monthly candles, which shows strikingly similar behavior to previous cycles. A breakdown in Ethereum’s value against Bitcoin (ETH/BTC) appears to be happening for the third time under conditions comparable to 2016 and 2019. The big question is whether ETH/USD will see further declines, echoing these past trends. Historical ETH/BTC…

BNB Price Eyes Key Breakout: Could a New All-Time High Be on the Horizon? The Binance Coin (BNB) is showing signs of a bullish reversal, setting the stage for a potential breakout. But will this momentum carry the price to a new all-time high? In the past 24 hours, BNB has risen by 2.17%, accumulating a 6.26% gain over the last week. This performance stands out, especially as the broader altcoin market experienced a slight pullback. Currently, BNB is trading at $583, with a market capitalization of $85.213 billion. As the reversal rally picks up steam, the coin is inching…

Solana is currently testing a critical level after weeks of volatile price movements and market uncertainty. Following the Federal Reserve’s interest rate cut announcement, Solana surged by 26%, only to quickly retrace 17%, reflecting the ongoing turbulence in the broader cryptocurrency market. This rollercoaster in price has left many investors cautious as they await the next clear signal. In the midst of this uncertainty, leading analysts are closely watching Solana’s next move, with one expert identifying the $160 level as a key breakpoint. A breakout above this crucial level could reignite bullish momentum, while a failure to break through may…

The head macro strategist at Swissblock is forecasting significant movements for Bitcoin (BTC) in the final quarter of this year. Henrik Zeberg shared with his 155,900 followers on the social media platform X that current market conditions have reached a critical juncture he predicted two years ago. “We’ve now hit the bottom of my November 2022 forecast. The S&P 500 is at 5770. I’ve refined my blow-off top targets for the S&P 500 to 6100-6300. As we approach this, Fibonacci levels become more accurate. For Bitcoin, the target is now $115,000-$123,000. The blow-off top will unfold in this last quarter…

On Friday, the Bitcoin Fear & Greed Index dropped into the “fear” zone, hitting 37, according to CryptoQuant data. By Saturday morning, the index showed signs of recovery, moving back into the neutral zone. At the time of reporting, the BTC Fear & Greed Index stands at 47, indicating a mild sentiment.Since then, Bitcoin has gained 1.15% and is currently trading at $62,222. U.S. Job Market: Renewed Optimism Bitcoin jumped 3% on Friday, climbing above $62,000, following a stronger-than-expected U.S. jobs report. The report revealed 254,000 new jobs created in September, far exceeding economists’ projections of 140,000, pointing to a…

Ethereum (ETH) has established itself as the leading competitor to Bitcoin (BTC), introducing programmable money and smart contracts. Since then, other cryptocurrencies have emerged as Ethereum rivals, aiming to challenge its dominance by offering advanced technologies that emphasize innovation, scalability, decentralization, and security. Several of these competitors, such as Solana (SOL), Toncoin (TON), Cardano (ADA), Avalanche (AVAX), Near Protocol (NEAR), Sui (SUI), and Aptos (APT), have made significant gains, climbing the crypto market cap ranks in recent years. However, while these projects may continue to perform well, their growth potential is somewhat limited due to their larger market capitalizations. Additionally,…

As decentralized finance (DeFi) continues to expand, understanding the top protocols by adoption is crucial. Top 7 ICO, a well-known crypto analytics platform, recently shared a list of leading Ethereum-based protocols ranked by total value locked (TVL). The list includes prominent names such as Lido, EigenLayer, Aave, Ether.fi, Maker, Uniswap, Rocket Pool, Ethena, and Spark. Leading Ethereum Protocols by Total Value Locked According to DeFiLlama, the total value locked in Ethereum-based assets stands at around $45 billion. Here’s a comparative look at the top DeFi protocols on Ethereum by TVL to assess their scale of adoption. Lido Dominates in Total…

André Dragosch, Head of European Research at Bitwise, has observed a negative trend in net buying volumes on Bitcoin spot exchanges over the past three days. Despite this decline, Dragosch highlighted a significant rise in long-term Bitcoin liquidations, reaching their highest point since August 5, when Bitcoin hit a recent low. He noted this as a sign that short-term sellers may be exhausted. “Short-term wallets have sent the most Bitcoin to exchanges at a loss since the August lows,” Dragosch said. He also pointed out that market sentiment, as measured by the Bitwise Cryptoasset Sentiment Index, has shifted from relatively…