Crypto Australia🇭🇲🇭🇲

#ETH is been moving very corrective after bouncing off from the strong support zone. The price looks like very struggling but anyways reaching the Major Resistance zone of $2403 - $2424. Price might reach through it, but over all its looks bullish as it broke the trendline too. Daily TF attached with the chart and looks like, it stuck in a range, so eyes on break now. By Crypto Australia

#STH-#NUPL has crossed above 0.25 for the first time since the Nov-2021 #ATH. This suggests both a degree of optimistic market sentiment is creeping in for #ETH but is also a level where markets tend to take a pause and digest profit taking distribution pressure. Historically, this type of sentiment shift for short-term holders has coincided with local peaks during a macro uptrend. By Crypto Australia

We can see that #Bitcoin has generally been increasingly dominant over the past few years. Since the #FTX Collapse in November 2022, #BTC has increased its market cap dominance from 38.9% to 49.8%. On the other hand, #ETH has maintained its market cap dominance, ranging from 18.9% to 18.2%. It is mainly Altcoins that have lost market share in the crypto markets with their market cap dominance dropping from 28.3% to 24.2%, while Stablecoins have also decreased their share from 13.9% to 7.8%. By Crypto Australia

The volumes of inflow and outflow on exchanges for #BTC and #ETH have been increasing steadily throughout the year, indicating a broadening interest in spot trading. Notably, #BTC volumes are growing at a much faster pace than #ETH volumes, in line with the trend of increasing #Bitcoin dominance. It's a typical occurrence for BTC to lead the way in boosting investor confidence after prolonged bear markets, and this chart provides a visual representation of this phenomenon. By Crypto Australia

The largest 10 wallets, holders of #ETH#SHIB#FET#DENT, withdraw these tokens from exchanges (historically bullish). Altcoins are currently experiencing a real rally — Sentiment By Crypto Australia

#ETH goes exactly as per what we predicted, price sharply rejected from the Resistance at $2,400 and reach the other end of the which is the Strong Support Zone. Price is already did a retest of the zone and potentially there will be a another one before pushing higher. Eyes on Daily break below of the zone. By Crypto Australia

#ETH is been also made a push with Market pump and given a close above the strong Resistance area. Well, we can see push in continues till next Strong Resistance zone at $2400. In between you can see minor pullbacks, which can be a tradable opportunity. By Crypto Australia