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ETHUSDT
Entry 4,791.3100 2025-08-24 01:00 UTC
Target 14,000.0000
Fail 4,500.0000
Risk / Reward 1 : 32
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ETHUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
Body
The analysis forecasts a decline in Bitcoin dominance (BTC Dom), suggesting a potential top in its dominance, forming a head and shoulders pattern. The predicted target for BTC Dom is 55%, based on a bull flag formation, with further decline to 57.3% also mentioned. This expected downtrend in BTC Dom correlates with a broader market downtrend, which the analyst believes is conducive to risk-on environments. Following this, an Ethereum analysis on a weekly chart is given. Post-breakout, Ethereum is projected to reach a target of $14,000. The significance of the breakout is emphasized. The analyst suggests focusing on broader timeframes, dismissing short-term price fluctuations.
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