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If you are the lucky guy who unexpectedly received 872 ravencoins overnight and have good intentions to return it let me know. submitted by /u/facewithoutfacebook [link] [comments]
The platform will offer a suite of four assets on Ethereum, and a further five on Polygon.
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The Ethereum rally continues and seems to be moving into FOMO levels. At press time, the second crypto by market cap has blasted through the major resistance at $4,000 and moves fast into price discovery. Related Reading | Ethereum Looks Set To Explode As 400,000 ETH Exits Coinbase Ethereum records 4% and 14% in the daily and weekly charts, respectively. The euphoria in the market seems to be driven by the launch of a Bitcoin-linked ETF in the U.S. The market has positively responded to this event and has allowed Ethereum and Bitcoin’s price to surge with a spike in institutional demand, as several experts have pointed out. Unlike some predictions, the ETF event doesn’t seem to be operating as a “Buy the rumor, sell the news” or a trigger for another capitulation event. In lower timeframes, Ethereum must hold above current levels to turn $4,000 into support and allow the rally to follow through in case of potential downside risk. As pointed out by pseudonym analyst John Wick, Ethereum entered a “volatility squeeze shading” with a bullish trend, as indicated in the image below. The analyst added: Squeeze shadings precede violent moves that are often the start of new trends. Green bars say probability to the upside! In that sense, losing the $3,000 area could signal a potential trend reversal to the downside. However, the second cryptocurrency by market cap could make a 5x profit from here. Related Reading | Ethereum Supply Shock Grows As Reserves Decrease, ETH 2.0 Contract Increases Ethereum ETF On The Way, Bulls With More Ammo In-Store Analyst Justin Bennett believes the key for more upside actions relies on Bitcoin. If the benchmark crypto can continue its upwards trend uninterrupted, Ethereum could follow right into its May trend line, as the analyst claimed. This could send Ethereum as high as $20,000 for 2022. In support of this theory, QCP Capital recorded an increase in ETH-based options with $10,000 to $50,000 strikes to be expired by March 2022 on the rise. Related Reading | TA: Ethereum Breaking This Barrier Could Spark a Significant Surge With the launch of the Bitcoin ETF, QCP Capital noted the following on the future of Ethereum: As we mentioned in our previous post on ETFs, long-term attention seems to be shifting from BTC to ETH with potential ETH ETF release after BTC, coupled with ETH V2 catalyst.
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I know BTC is breaking ATH, but I'm equally as happy to see ETH above $4k again. To everyone who bought ETH at or above $4k and held on, good job and thanks for not selling. The hodlers and the long term bulls are the ones who prevent large crashes by holding on tight and…
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