$Grayscale Ethereum Mini Trust(ETH)$ 

πŸ“ˆπŸ”ΊπŸ…±οΈπŸ†„πŸ…»πŸ…»πŸ…ΈπŸ†‚πŸ…·πŸ”ΊπŸ“ˆ

I have a bid in to open positions in $ETH Monday 11Nov24 NZ πŸ‡³πŸ‡Ώ time.

πŸ§ΏπŸ“ˆπŸš€ ETH’s Rise: Ready to Eclipse BTC? πŸš€πŸ“ˆπŸ§Ώ

Kia ora Tiger traders!

It’s a hot week for crypto! While everyone’s glued to $BTC Bitcoin’s 12% surge, Ethereum ($ETH) is quietly but powerfully making its own headlines with a 26% upswing this week! Could $ETH outshine BTC in the short term? Let’s dive deep into the numbers and see why now might be the perfect moment to join the ETH wave. 🌊

πŸ“… Latest Updates & Performance Highlights:

   β€’   Ethereum’s Current Price: $2.77

   β€’   Weekly Performance: Up +26%, outpacing Bitcoin’s 12% gain.

   β€’   Major Milestone: The 200 Day MA at $2,950 is in sight as a critical test level.

πŸ” Technical Breakdown:

   β€’   Short-Term Target: $2,950 (200 Day MA) – If ETH can hold above this, the next level to watch is the 1.618 Fibonacci retracement at $3,290!

   β€’   Support & Resistance:

      β€’   πŸ“‰ Support: Strong support near $2.06 (52-week low).

      β€’   πŸ“ˆ Resistance Levels: Eyes on $2,950 (200 Day MA) and $3,290 (Fib level).

   β€’   Moving Averages:

      β€’   50-Day MA: Key focus for swing traders (value hunters look for the 200 WMA, while investors eye the 200 Day MA).

πŸ’° Capital Flow Insights:

ETH’s liquidity is flowing with strong buy interest, and hedge funds are increasing exposure as it approaches the pivotal $2,950 mark. This could indicate growing institutional confidence in ETH’s long-term potential. 🏦

πŸ“Š Analyst Sentiment:

   β€’   πŸŸ’ Buy: 67%

   β€’   πŸŸ‘ Hold: 24%

   β€’   πŸ”΄ Sell: 9%

πŸ“ˆ Historical Context:

Flashback to 2020: Ethereum had a similar pattern, with a bounce off its 200 Day MA, leading to a massive bull run. Are we about to see a similar setup?

πŸ’‘ Fun Fact:

Ethereum’s founder, Vitalik Buterin, was inspired by science fiction when creating ETH! The project’s name is derived from β€œether,” a hypothetical invisible medium that permeates the universe. Quite fitting, as Ethereum aims to be the foundational layer for decentralized apps in a new digital universe! 🌌

πŸ“’ Analyst Quote: 

β€œEthereum’s surge signals a potential breakout. If it conquers the $2,950 mark, it could be the catalyst for an altcoin rally like we haven’t seen in years,” says crypto analyst Alex McLaren. πŸ’₯

Hey Tiger Traders, does Ethereum have what it takes to eclipse Bitcoin’s gains in the coming months? πŸ€”

TigerGPT, what’s your view on the impact of Ethereum’s scaling solutions like Layer 2 on its price potential?

Happy trading ahead. Cheers, BC πŸ€πŸ€πŸ€

@Tiger_comments @Daily_Discussion @TigerObserver @TigerPicks @TigerStars @TigerGPT @TigerPM

# Can Ether ETF Lead BTC Bull Run Again?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • Kiwi Tigress
    Β·11-10
    TOP
    $3,000 for the first time since August!!! This was the doom looper you were talking about hey BC, it’s cheap as 🍟 to buy! I’ll try, I’ll buy 🀣 TY BC! πŸ’š
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    • Barcode:Β 
      Have a lovely day, see you next weekend! 🌞🌞🌞
      11-10
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    • Barcode:Β 
      Happy trading ahead, cheers BC πŸ€πŸ€πŸ€
      11-10
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    • Barcode:Β 
      Cheers for the shares KT, πŸ€πŸ€πŸ€
      11-10
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  • Great recommendation [smile]. The Bitcoin frenzy has spillover to Ethereum. Barcode uncle is going to make a lot of money.
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    • Barcode:Β 
      Cheers S! It’s Ethereum’s turn to shine I think. Uncle will be rolling in it for sure πŸ’°πŸ’°πŸ’°.
      11-10 14:04
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    • Barcode:Β 
      Happy trading ahead, cheers BC πŸ€πŸ€πŸ€
      11-10 14:04
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  • TigerGPT
    Β·11-10
    TOP

    Based on the provided information, it seems that there is no specific news or analysis available for the Grayscale Ethereum Mini Trust (ETH) or Ethereum scaling solutions like Layer 2 at this time. However, we can still provide some general insights on the potential impact of Ethereum's scaling solutions on its price potential.

    Ethereum has been facing scalability challenges due to its increasing popularity and the high demand for decentralized applications (DApps) running on its blockchain. Layer 2 solutions are designed to address these scalability issues by allowing for more transactions to be processed off-chain, thereby reducing congestion and gas fees on the Ethereum network.

    The implementation of Layer 2 solutions, such as Optimistic Rollups and ZK-Rollups, can greatly enhance Ethereum's scalability and improve its overall performance. These solutions aim to increase transaction throughput and reduce costs, making Ethereum more efficient and user-friendly.

    The successful implementation and adoption of Layer 2 solutions have the potential to positively impact Ethereum's price potential in several ways:

    Increased Transaction Capacity: Layer 2 solutions can significantly increase the number of transactions that Ethereum can handle per second, making it more attractive for businesses and developers looking to build and deploy DApps.

      

    Lower Fees: By reducing congestion and gas fees, Layer 2 solutions can make Ethereum more accessible for users and businesses. Lower fees may attract more participants to the Ethereum ecosystem and stimulate increased demand for the ETH token.

      

    Enhanced User Experience: Improved scalability means faster transaction confirmation times and a smoother user experience. This can contribute to a positive feedback loop, as a better user experience may attract more users and developers to Ethereum, further driving its price potential.

      

    However, it's important to note that the cryptocurrency market is highly volatile and influenced by various factors, including market sentiment, regulatory developments, and technological advancements. While Ethereum's scaling solutions hold promise, there are no guarantees of price appreciation. Investors should carefully consider these factors and conduct thorough research before making any investment decisions.

    Risk Disclaimer: The information provided above is for informational purposes only and should not be considered as financial advice. Investing in cryptocurrencies involves risks, including the potential loss of principal. Always do your own research and consult with a professional financial advisor before making any investment decisions.

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  • koolgal
    Β·11-10 14:53
    TOP
    That is a winner BC.  Thanks for the tip.  Have a winning week ahead πŸŒˆπŸŒˆπŸŒˆπŸ’°πŸ’°πŸ’°
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    • koolgalReplying toBarcode:Β 
      That will keep you fully busy  😍😍😍
      11-10 17:59
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    • koolgalReplying toBarcode:Β 
      Thanks BC😍😍😍
      11-10 17:58
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    • Barcode:Β 
      I hope you’ve had a great weekend and have a winning week ahead also! Cheers BC, πŸ€πŸ€πŸ€
      11-10 16:33
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  • KSR
    Β·11-11 09:42
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    • Barcode:Β 
      Happy trading ahead, cheers BC πŸ€πŸ€πŸ€
      11-11 09:43
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    • Barcode:Β 
      πŸ‘πŸ€
      11-11 09:43
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  • PetS
    Β·11-10
    Great article, would you like to share it?
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    • Barcode:Β 
      Have a lovely day, see you next weekend! 🌞🌞🌞
      11-10
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    • Barcode:Β 
      Happy trading ahead, cheers BC πŸ€πŸ€πŸ€
      11-10
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    • Barcode:Β 
      Cheers for the shares PS, πŸ€πŸ€πŸ€
      11-10
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  • Great article, would you like to share it?

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    • Barcode:Β 
      Have a lovely day, see you next weekend! 🌞🌞🌞
      11-10
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    • Barcode:Β 
      Happy trading ahead, cheers BC πŸ€πŸ€πŸ€
      11-10
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    • Barcode:Β 
      Cheers for the shares Q, πŸ€πŸ€πŸ€
      11-10
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  • Great article, would you like to share it?

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    • Barcode:Β 
      Have a lovely day, see you next weekend! 🌞🌞🌞
      11-10
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    • Barcode:Β 
      Happy trading ahead, cheers BC πŸ€πŸ€πŸ€
      11-10
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    • Barcode:Β 
      Cheers for the shares CCW, πŸ€πŸ€πŸ€
      11-10
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  • Hen Solo
    Β·11-10

    Great article, would you like to share it?

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    • Barcode:Β 
      Have a lovely day, see you next weekend! 🌞🌞🌞
      11-10
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    • Barcode:Β 
      Happy trading ahead, cheers BC πŸ€πŸ€πŸ€
      11-10
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    • Barcode:Β 
      Cheers for the shares HS, πŸ€πŸ€πŸ€
      11-10
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  • Tui Jude
    Β·11-10

    Great article, would you like to share it?

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    • Barcode:Β 
      Have a lovely day, see you next weekend! 🌞🌞🌞
      11-10
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    • Barcode:Β 
      Happy trading ahead, cheers BC πŸ€πŸ€πŸ€
      11-10
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    • Barcode:Β 
      Cheers for the shares TJ, πŸ€πŸ€πŸ€
      11-10
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