Tech
Ethereum (ETH) is trading above $3,000, what’s next?
Ethereum (ETH) made great strides today with some erratic price swings. With the bulls returning, ETH surpassed the $3,000 mark.
However, although ETH shows moderate gains over the 24-hour period, it has not yet recovered the losses of the last few weeks. Ethereum price reflects a decline of 1% in the last seven days and 1.5% in the last month.
But the bulls are at work, vying to push Ether to ever higher highs. With ETH already above $3,000, What’s the next goal??
Price Analysis: Ethereum (ETH) faces a key resistance level at $3,059
Ethereum (ETH) is trading at $3,032, inching closer to the significant resistance level of $3,059. This $3,059 level has previously acted as support, so a decisive break above it will be crucial for a further rise.
A successful breach of the $3,059 resistance would consolidate Ethereum’s bullish momentum and push it above the bearish channel, curbing its upward trajectory.
Additionally, Ether holds a Relative Strength Index (RSI) of 51, indicating slight bullish momentum in the market.
The Moving Average Convergence Divergence (MACD) indicator is above the signal line, further strengthening the positive sentiment surrounding Ethereum. However, Ethereum (ETH) is still below the 50-day SMA indicator. However, by all indications, it may soon surpass this level.
The alignment of these technical indicators suggests that Ethereum could be poised for an upward move, provided it manages to decisively capture the $3,059 resistance level.
Massive movements of ETH by whales suggest a potential price surge
Several crypto whales have moved significant amounts of Ethereum (ETH) from the popular exchange Coinbase to unknown wallets. The transactions involved the transfer of 7,563 ETH, worth approximately $22 million each time.
The first whale, identified as 0x091d, moved 7,563 ETH worth $22,215,383 from Coinbase to an unknown wallet. Another whale, 0xd26e, also transferred 7,563 ETH, worth $22,210,308, to an unidentified wallet.
Additionally, the 0xfe73 whale transferred 7,563 ETH worth $22 million from Coinbase to an anonymous wallet. In the final transaction, whale 0xf627 moved 7,563 ETH, worth $22.19 million, to an unknown destination.
These substantial movements by whales often signal their intention to hold their Ethereum holdings for an extended period. By transferring their ETH to unknown wallets, they are likely preparing to accumulate more coins or hold their existing positions, anticipating a potential price increase.
Given Ethereum’s bullish technical indicators and recent price action, these whale movements could indicate impending upward pressure on the coin’s price.
Whales could be positioning themselves to take advantage of a potential breakout or rally in the Ethereum market. However, market participants should exercise caution and consider all relevant factors before making investment decisions.
AI-powered meme coin, WienerAI, surpasses $2 million in pre-sale
Artificial intelligence (AI) and meme coins are two of the hottest trends in the cryptocurrency market. WienerAI, a newly launched project, combines these powerful narratives into one exciting offering.
Currently, WienerAI is holding a pre-sale event, during which investors can purchase the project’s native token, $WAI. The pre-sale has already raised over $2 million, demonstrating strong interest from the crypto community.
Investors can purchase $WAI tokens at $0.000708 during the presale. However, this price will gradually increase as the pre-sale progresses. The earlier investors participate, the lower the price they can get.
WienerAI: the meme coin of great use for cryptocurrency traders
WienerAI is not just a meme coin; offers much more practical utility than regular coins. Behind its fun nature lies a powerful trading bot designed to improve the user experience of decentralized finance (DeFi).
WienerAI trading bot provides instant and free token trades on various decentralized exchanges (DEXs), such as Uniswap, Bakeryswap, and Pancakeswap.
This feature helps eliminate the frustration of long wait times typically associated with purchasing cryptocurrency. Additionally, the bot is resistant to miner-extractable value (MEV), ensuring that users are not at the forefront of malicious bots.
By offering secure and seamless token exchanges, WienerAI aims to strengthen the overall DeFi user experience, making it more efficient and accessible for traders. This innovative utility has generated excitement within the cryptocurrency trading community, as many see the potential benefits that WienerAI can bring to their trading activities.
Meme coin becomes big in the community: WienerAI allocates 60% of tokens for presales, staking and rewards.
WienerAI’s token allocation plays a central role in the operation of the project. A significant portion (30%) is allocated to ongoing pre-sales. Another 20% is reserved for staking rewards, incentivizing long-term holding and participation.
Another 20% is earmarked for community rewards, while 10% of the tokens are earmarked for exchange liquidity. Finally, 20% is dedicated to marketing activities, fueling the growth of the project and raising awareness.
In the true spirit of meme coins, this distribution puts the majority of the tokens in the hands of the community. At the same time, it ensures the availability of resources for sustained growth and development.
Currently, staking rewards for WienerAI offer incredible returns of over 487%. This opportunity is available on a first-come, first-served basis. The annual percentage yield (APY) will gradually decrease as more tokens are staked.
The community has already staked over $2 billion on WAI, demonstrating their desire to accumulate more tokens. Those looking to maximize their upside potential should act quickly before the presale ends.
To stay updated on the latest news and developments in this regard Wiener AIfollow the project on X (previously Twitter) or join his Telegram channel. Alternatively, visit the Official site to purchase tokens and immediately start betting.
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