Thereโs a large liquidity cluster around $2,200, meaning a lot of stops and leveraged positions are sitting there. That level could act like a magnet if price starts moving up.
Thereโs also liquidity near $1,900, but itโs much smaller compared to the upside.
With US CPI data coming out today, volatility is expected. If the print is bullish, ETH could push higher and market makers may target the heavy liquidity above, squeezing late shorts.
If CPI comes in negative, we could see a move toward the lower liquidity instead.
Right now, itโs all about which side gets hunted first. #ETH๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ
The surge proves the strategy Many people become anxious only when they see prices soaring, but we had already made our arrangements. We calmly analyzed the projects and entered in batches, and now the returns are gradually appearing. Investing is not about chasing trends, but about assessing value and accumulating patiently. Today's surge is the most direct affirmation of strategy and patience, and it also gives everyone more confidence to face future fluctuations. $BTC {spot}(BTCUSDT) $SUI {spot}(SUIUSDT) $DOGE {spot}(DOGEUSDT)
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Almost 20k and feelin' lucky? ๐ฏ๐งง Weโre about to hit 20,000 strong โ and I couldnโt have done it without you legends ๐ซถ
To keep the energy rolling, Iโm dropping 888 $BTTC red envelopes ๐ฅ Get in fast, get it first. No gas, no brakes ๐ฆ๐ธ #ๆฐๅ ้้ๅฐไผ่ฎฎ #BNBๅๆฐ้ซ
BINANCE I'D : 878481547 Here are the latest developments in the cryptocurrency world as of December 2024:
Bitcoin Hits $100,000 Milestone Bitcoin (BTC) has surpassed $100,000, driven by institutional interest and macroeconomic factors like inflation concerns. Analysts predict the rally could extend to $150,000 by mid-2025, supported by reduced supply post-halving and increased adoption by major corporations like Teslaใ8โ sourceใใ9โ sourceใใ10โ sourceใ.
Ethereum Gaining Momentum Ethereum (ETH) has climbed 50% since early November, reaching $3,700. Analysts believe it could surpass $4,300 by the end of December, fueled by growing DeFi and NFT adoption, alongside its deflationary tokenomics following the transition to Proof-of-Stakeใ9โ sourceใใ10โ sourceใ.
Altcoin Season Emerging With Bitcoin dominance declining, capital is shifting towards altcoins. Tokens like XRP, Solana (SOL), and Cardano (ADA) are experiencing increased trading volumes, with many predicting strong performances heading into 2025ใ9โ sourceใใ10โ sourceใ.
Regulatory Developments U.S. Representative French Hill has announced a pro-crypto agenda as Chair of the Financial Services Committee, signaling possible regulatory clarity for the industry. Globally, cities like Vancouver are exploring Bitcoin-friendly policiesใ8โ sourceใใ9โ sourceใ.
New Altcoin Trends Emerging coins like Velodrome Finance (VELO) and Kaia are making waves. VELO saw an 80% price surge after being listed on Binance, while other altcoins are drawing investor interest for their innovative featuresใ10โ sourceใ.