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The cryptocurrency market is facing a mountain to climb.
BlackRock ETH ETF welcomed the second largest inflow of funds in history.
Investors are starting to pay attention to Ethereum's attempt to regain the key $2800-2900 range, but we will see in the coming days whether this attention can help Ethereum reclaim this area. This area is very important for Ethereum before the weekly close. Winning this area would mean that Ethereum will continue to stay above the green zone. This situation may spark interest from buyers.
According to the latest data released by BlackRock, the number of Ethereum coins it owns has reached 1.35 million. The current value of these assets is close to $4 billion.
TAO: There is an opportunity ahead
TAO failed to break through the deep blue major resistance area. TAO encountered heavy selling, falling to the green major support area, and broke through the green area covering the range of $330-370 at the beginning of this week. In the three-day period, TAO managed to stay above the green area, providing an opportunity for its recovery. If TAO can maintain above the green area, its primary target will be in the range of $625-680. The weekly closing is also crucial.
ONDO: Keep moving forward
ONDO continues to rise. The range of $0.8-$0.87 was the main resistance zone for ONDO from August to November 2024, and the red area became the main support zone after November. After some time, ONDO fell on the yellow area and started rotating on the main support zone in the yellow area at the beginning of the new year. Therefore, the range of $1.08-$1.12 is very important. Despite experiencing a sharp decline, ONDO successfully closed within this range for 3 trading days. If it can hold within this range in the near future, ONDO may retest the white resistance zone that it tested in two different weeks. The white resistance zone is in the range of $1.58-$1.65, and if it breaks through, it will open the door to a new ATH for ONDO.
MANA: The green region is standing up
MANA is a token that has been accumulated for many years. MANA has maintained stability in the same range for nearly 900 days, and now it has touched the support area of this range. MANA rebounded from the green area of $0.25 to $0.29, which will help it perform well this week and quickly recover from the injury.
SUI: Starlight Shines
SUI's stars continue to shine. During the bull market, SUI's strong performance has attracted investors, and it has gained momentum at the support level of $2.4. Currently, the upward trend is still ongoing. It would be better if SUI could achieve a weekly closing at the $3.30 level.
SEI: Need a stronger weekly close
The short-term and medium-term future of SEI may take shape this week. We have seen that the important support range of 0.20-0.24 US dollars has played a role, but SEI needs a stronger weekly closing. It has successfully returned to the level of 0.25 US dollars, but we see it being sold off again. Doubts will increase in the next week's closing.
HBAR: Status is good
HBAR is one of the old currencies in the Cryptocurrency market. HBAR can survive a small earthquake in the Cryptocurrency market. Of course, HBAR also experienced a week of decline, but this time the decline was positively responded by buyers. After the buyers took action, we saw some distance between HBAR and the blue area, and efforts to maintain it above the key area. The rising low point is still being established. Situation is good.
SHIB: Key Levels
SHIB is trying its best to stay afloat. The range of $0.0000150-$0.00001280 is crucial for SHIB as it has been consolidating between the pink and blue zones over the past year. SHIB is once again testing the major support area and approaching the weekly close, which gives hope with a green weekly chart. If the weekly closing price can be above $0.0000151, then this week will be successfully passed. #Which AI Concept Coins Do You Hold? #Launchpool Initial Offering ANLOG #Market Pullback: Which Coins to Watch?