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Ethereum Price Analysis: ETH Boosts 8% Daily to Paint New August Highs

ETH/USD: Ether finally breaks August Resistance

Key Support Levels: $3350, $3200, $3000.

Key Resistance Levels: $3540, $3600, $3700.

Ethereum has been trapped inside a consolidation period since it established resistance at $3350 during mid-August. A bearish signal did not allow the cryptocurrency to overcome resistance. 618 Fib Retracement and ended up forming a symmetrical triangle from there.

ETH had been trading inside this triangle pattern for the past fortnight as it dipped as low as $3000. It finally managed to break the consolidation today as it surged above the $3350 August resistance and passed $3400.

ETH/USD Daily Chart. TradingView.

ETH-USD Short Term Price Prediction

Looking ahead, the first resistance now lies at $3540 (1. 618 Fib Extension). This is followed by $3600, $3700 (1. 414 Fib Extension – blue), and $3790 (bearish . 786 Fib).

On the other side, the first support lies at $3350. This is followed by $3200 (20-day MA), $3000 (. 236 Fib Retracement), $2890, and $2740 (50-day MA).

The RSI has rebounded from its midline last week, and is now heading higher as momentum picks up.

ETH/BTC – ETH Breaks Descending Price Channel

Key Support Levels: 0. 07 BTC, 0. 0691 BTC, 0. 068 BTC.

Key Resistance levels: 0. 072 BTC, 0. 0733 BTC, 0. 0754 BTC.

ETH also performs well against BTC. It looks like it will head back towards the August highs at 0. 0733 BTC. ETH has not broken beyond 0. since mid-August. 07 BTC and established a descending price channel.

The price channel saw ETH fall as low as 0. 0651 BTC, where it found support at the 100-day MA and a .5 Fib. Yesterday, ETH broke through the falling price channel and ended the short-term downtrend. Today, it broke 0. 07 BTC and approached the 0. 072 BTC (bearish . 618 Fib) resistance.

ETH/BTC Daily Chart. TradingView.

ETH-BTC Short Term Price Prediction

Moving forward, the first resistance lies in 0. 072 BTC (bearish . 618 Fib). Then, follow by 0. 0733 BTC, 0. 0754 BTC (1. 272 Fib Extension), 0. 0765 BTC (bearish . 786 Fib), and 0. 08 BTC.

On the other hand, the first support is now at 0. 07 BTC. Then, follow by 0. 0691 BTC (July highs), 0. 068 BTC (20-day MA), and 0. 066 BTC.

The RSI also rebounded today from the midline, indicating that the buyers are still in control of market momentum and that the bullish momentum has increased again.


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Disclaimer: Information found on CryptoPotato is those of writers quoted. This information does not reflect the views of CryptoPotato about whether to invest in, sell or hold investments. Before making any investment decision, you are strongly advised to do your own research. You are responsible for any use of the information. For more information, please refer to Disclaimer.

Cryptocurrency charts by TradingView.

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Crypto Traders Invest $1.5M in 99Bitcoins Token Presale – Here’s Why It Could Explode

Crypto traders are going wild over a new project on Ethereum – 99Bitcoins Token.

This project has already raised over $1.5 million before its official launch.

With a unique “Learn-to-Earn” model and plans to bridge to the new BRC-20 standard, many believe 99Bitcoins Token (99BTC) could shake up the crypto education space.

99Bitcoins Token Transforms Crypto Education into a Learn-to-Earn Experience

99Bitcoins is one of the go-to platforms for new crypto investors looking to cut through the noise and learn the fundamentals.

Yet the platform is taking things to the next level with the launch of 99BTC.

This ERC-20 token is at the core of 99Bitcoins’ Learn-to-Earn model.

Instead of just passively reading articles, users can interact with courses, quizzes, and other activities.

Doing this will reward them with 99BTC tokens for improving their crypto knowledge.

It can be thought of as a gamified crypto education experience.

For example, a user could complete a module on technical analysis, ace the final quiz, and earn 99BTC as a reward.

Or they could dive into content on the DeFi space, with 99BTC tokens dished out along the way.

The possibilities are endless for turning crypto learning into earning with 99Bitcoins Token.

Their well-established brand is evolving from just simplifying crypto to actively incentivizing an entire community.

And with almost 20,000 Twitter followers, the excitement for this new approach to crypto education is clear.

99BTC Presale Raises $1.5M as Investor Demand Soars

The presale for the 99Bitcoins Token is in full swing, with over $1.5 million in funding already raised.

This level of demand highlights the hype that’s building for 99Bitcoins’ Learn-to-Earn platform.

After the presale ends, the developers will proceed with DEX listings to provide initial liquidity.

But the bigger milestone will be securing listings on major CEXs – which the developers hope will occur in Q4 2024.

One key advantage for those who invest during the 99BTC presale is access to the platform’s staking program.

Presale buyers can stake their 99BTC right away to earn yields as high as 1,125% per year.

As an example, if someone were to 10,000 99BTC tokens, they could earn over 112,000 additional tokens.

Although the yield will decrease as more tokens are staked, it presents a pathway for investors to generate passive income while improving their crypto skills.

This combination of passive income potential and educational value is proving to be attractive for investors.

Huge Airdrop Campaign & BRC-20 Bridge Fuel 99Bitcoins Token’s Growth

So, could 99BTC really explode after hitting the open market?

The signs seem to be pointing to yes.

For one, the development team has added to the buzz by launching an airdrop campaign that will give away $99,999 worth of BTC to early community members.

This shows their commitment to rapidly growing the 99BTC user base.

Even more exciting is the team’s plan to eventually bridge from Ethereum to Bitcoin as a BRC-20 token.

As the first crypto education project to leverage this new token standard, 99Bitcoins Token could position itself as a first mover in the space.

This ties into what might be 99Bitcoins Token’s biggest catalyst – the fact that no project has emerged as the “go-to” educational platform for crypto.

Despite a growing need for quality learning resources, the space still lacks an all-in-one hub for learning.

99Bitcoins could be that hub.

With an established brand, disruptive Learn-to-Earn model, and cross-chain vision, 99Bitcoins is well-positioned to fill the market gap.

And with 99BTC tokens priced at just $0.00106 during the current presale stage, there’s a growing sense that this could be a golden opportunity for investors.

Visit 99Bitcoins Token Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.


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Farcaster Secures $150M in Funding, Reaches $1B Valuation With Backing From Paradigm

Farcaster, a decentralized social media platform leveraging the Ethereum blockchain and Optimism’s Layer two ecosystem, has successfully raised $150 million in a funding round led by Paradigm, bringing its valuation to $1 billion. The funds will be used to sustain the project’s development, focusing on growing its user base and enhancing developer tools…
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