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ETH drops 4% to $4,500. Analysts flag key support levels, breakout patterns, and warning zones as traders watch for next move. Ethereum (ETH) is trading at around $4,500 after falling 4% in the past 24 hours. Despite the dip, analysts are watching as the price returns to a zone where buyers have previously shown interest. The current 7-day change is still positive, with ETH up 5% over the week. ETH/BTC Pullback May Offer Opportunity Michaël van de Poppe shared a weekly ETH/BTC chart showing a strong rally earlier this year. The pair moved up more than 140% from its…

Stellar’s native token XLM experienced heightened volatility over the past 24 hours, fluctuating between $0.38 and $0.39 — a 3% range — before closing near session highs. After dipping to $0.38 early on Oct. 8, the asset mounted a swift recovery, regaining ground above $0.39 by the end of the period, suggesting robust buying activity at lower levels.During the most recent hour of trading, XLM again demonstrated pronounced short-term swings, plunging briefly to $0.38 before rebounding sharply to reclaim the $0.39 mark. This intraday reversal underscores a strong recovery pattern, hinting at increasing market momentum and potential continuation of the…

Good Morning, Asia. Here’s what’s making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.Bitcoin is beginning the Thursday trading day in Asia trading above $123,000, and its chart looks like a rocket trail through the fog, analysts say, painting it as an aggressive rally high powered by ETF inflows, mid-tier accumulation, and a quiet conviction that this isn’t the top yet.That conviction is grounded in three converging signals from major market…

Key takeaways:Solana ETFs and ETPs recorded $706 million in weekly inflows, outpacing XRP’s $219 million, per CoinShares.SOL funding rates stayed below the 6% neutral level, signaling reduced appetite for leveraged bullish positions among traders.Solana’s native token, SOL (SOL), climbed back to $229 on Tuesday after briefly dipping to $218. The move came as investors responded positively to the US Federal Reserve’s release of minutes from its Sept. 17 meeting, which reaffirmed expectations of additional interest rate cuts in 2025.Traders remain optimistic that SOL could advance toward the $300 mark, a target that appears realistic given the strong bullish sentiment reflected…

Market experts say Bitcoin is consolidating, not topping, and predict a retest before the next explosive breakout. Bitcoin (BTC) climbed above $126,000 for the first time ever on Tuesday. But what followed was a quick retreat of around 4% shortly thereafter. Despite the short-term pullback, the broader trend shows a historic lull in activity. The asset’s long-term volatility has dropped to record lows, which means that Bitcoin is entering one of its calmest phases yet. Such a pattern has often preceded major price movements in the past. Not a Cycle Top For BTC, Yet According to Alphractal, Bitcoin’s 180-day…

Bitcoin is poised for unprecedented price discovery as long as it doesn’t peak within the next few days, according to veteran trader Peter Brandt.“It is reasonable to expect a bull market high any day now,” Brandt told Cointelegraph on Wednesday, citing Bitcoin’s (BTC) historical cycle pattern, which has played out in the three previous cycles.“These cycles from low-to-halving-to-high have not always been the same length, but the post-halving distance of each has always been equal to the pre-halving distance,” Brandt said.Sunday marked the crucial day for Bitcoin’s cycleBrandt explained that Bitcoin hit its current cycle low on Nov. 9, 2022,…

Bitcoin price corrected gains and traded below the $125,000 pivot level. BTC is now consolidating near $122,200 and might struggle to rally above $125,000s. Bitcoin started a downside correction below the $124,000 level. The price is trading below $123,500 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $122,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $122,000 zone. Bitcoin Price Dips Again Bitcoin price extended gains above the $125,000 zone. BTC climbed above the $125,250…

Bitcoin is currently clear of “overbought conditions” and is set to track a steady path upward despite hitting a new all-time high on Monday, according to analysts. Bitcoin (BTC) hit a peak high of over $126,000 on Monday, which places it “roughly halfway through its four-year price cycle,” CryptoQuant contributor Arab Chain said on Wednesday. “Despite this strong performance, technical indicators suggest the price is still moving within a stable range far from the overbought conditions that typically precede historical peaks,” it added.Bitcoin shows signs of “upward momentum”Arab Chain stated that Bitcoin “appears to be in a phase of balanced upward momentum,”…

Square, the payment services arm of Block (XYZ), has launched a new set of tools aimed at making bitcoin BTC$122,578.33 easier to use for small businesses, letting sellers accept crypto payments and manage their digital assets alongside traditional finances, the company announced Wednesday.The offering, called Square Bitcoin, includes three main features: bitcoin payments, automatic bitcoin conversions from card sales, and a native bitcoin wallet built into Square’s seller platform. Sellers will be able to accept bitcoin with no processing fees for the first year and choose to convert up to 50% of their daily sales into bitcoin automatically. The tools…

Solana ETF approval >90% likely, potentially driving SOL price toward $300-$1300. XRP ETF filings boost institutional interest; XRP consolidates near $3.10 resistance. MAGACOIN FINANCE presale raises $15M, backed by Hashex audit and strong community traction. The crypto market is buzzing with expectations as ETF headlines take over in October. Solana’s ETF countdown positioned the altcoin in the limelight, with probabilities over 90%. Ripple XRP ETF filings have drawn interest as investors prepare to get regulatory clearance. As these unfold, Chainlink and MAGACOIN FINANCE were added to top analyst watchlists due to their positive momentum and increased investor confidence. Analysts claim…