Ethereum (ETH) recorded a breakthrough today with some volatile price movements. ETH has surpassed the $3,000 price mark as the bulls make a comeback.
However, while ETH has shown modest gains in the 24-hour time frame, it has yet to recover the losses of the past few weeks. Ethereum price reflects a decline of 1% in the past seven days and 1.5% in the past month.
However, the bulls are quick to work and are racing to push Ether higher. ETH is already over $3,000, what is the next target?
Price Analysis: Ethereum (ETH) faces key resistance level at $3,059
Ethereum (ETH) is trading at $3,032 and approaching the key resistance level at $3,059. This $3,059 level previously acted as support, so a decisive break above it is essential for further upside.
A successful breakout of the $3,059 resistance level would strengthen Ethereum’s bullish momentum and cap its upward trajectory above the bearish channel.
Additionally, Ether’s Relative Strength Index (RSI) is 51, indicating some bullish momentum in the market.
The Moving Average Convergence Divergence (MACD) indicator is above the signal line, further reinforcing the positive sentiment surrounding Ethereum. However, Ethereum (ETH) is still below the 50-day SMA indicator. However, all indications are that we may surpass this level soon.
The consistency of these technical indicators suggests that Ethereum could be poised to move higher if it can definitively overcome the $3,059 resistance level.
Massive ETH movements by whales hint at potential price spikes
Several crypto whales moved large amounts of Ethereum (ETH) from the popular exchange Coinbase to unknown wallets. The transactions involved transfers of 7,563 ETH, worth approximately $22 million each.
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.
In addition, whale 0xfe73 transferred 7,563 ETH worth $22 million from Coinbase to an anonymous wallet. In the last transaction, whale 0xf627 moved his 7,563 ETH worth $22.19 million to an unknown destination.
These large whale movements often indicate an intention to hold Ethereum holdings for a long time. By transferring ETH to an unknown wallet, they may be preparing to accumulate more coins or hold existing positions in anticipation of potential price increases.
Considering Ethereum’s bullish technical indicators and recent price movements, these whale movements could indicate imminent upward pressure on the coin’s price.
Whales may be in a position 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, integrates these powerful stories into his one exciting service.
Currently, WienerAI is holding a presale event where investors can purchase $WAI, the project's native token. The pre-sale has already raised over $2 million, showing strong interest from the crypto community.
Investors can purchase $WAI tokens for $0.000708 during the pre-sale. However, this price will gradually increase as the presale progresses. The sooner investors participate, the lower the price they can secure.
WienerAI: A meme coin with serious utility for crypto traders
WienerAI is more than just a meme coin. Much more practical than regular coins. Behind its fun nature is a powerful trading bot designed to improve the experience of decentralized finance (DeFi) users.
WienerAI's trading bot offers free instant token swaps between various decentralized exchanges (DEXs) such as Uniswap, Bakeryswap, and Pancakeswap.
This feature helps eliminate the frustration of long wait times typically associated with purchasing cryptocurrencies. Additionally, the bot resists Miner Extractable Value (MEV), preventing users from being on the front lines of malicious bots.
WienerAI aims to enhance the overall DeFi user experience by providing seamless and secure token swaps, making it more efficient and accessible for traders. This innovative utility has generated excitement within the crypto trading community as many recognize the potential benefits that WienerAI brings to their trading activities.
Meme Coin is a big hit in the community: WienerAI allocates 60% of tokens to presales, staking, and rewards.
WienerAI’s token allocation plays a central role in the operation of the project. A significant portion (30%) will be allocated to the ongoing presale. The remaining 20% is set aside for staking rewards, encouraging long-term holding and participation.
An additional 20% will be designated for community rewards and 10% of the tokens will be allocated for exchange liquidity. Finally, 20% will be dedicated to marketing activities to drive project growth and increase 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 sustainable growth and development.
Currently, WienerAI's staking rewards offer an incredible return of over 487%. This opportunity is available on a first-come, first-served basis. As more tokens are staked, the annual percentage yield (APY) gradually decreases.
The community has already staked over $2 billion of WAI and has shown enthusiasm to accumulate more tokens. Those who want to maximize their upside potential should act quickly before the presale ends.
To stay up to date with the latest news and developments regarding WienerAI, follow the project on X (previously twitter) or participate in it telegram channel. Or visit: Official website Purchase tokens and start staking immediately.
