ETH has dipped and gone below the price level needed for a quick rebound.

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https://preview.redd.it/uuqyyqv0sp5c1.png?width=1014&format=png&auto=webp&s=92780af5078807f0a8767681585ba344d53d3bd3

Ethereum price has gone below the $2233 price level after being rejected at the $2353 resistance. The past 3 months ETH has been on a tear crossing multiple price levels going from $1600s to just under $2400.

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Ethereum price is now searching for support and it's first level to attempt to find support is $2125. If Ethereum can manage to stay above this level we should see price continue to rise through the new year but if price goes below $2125 Ethereum could start a down trend on a search for support that could take ETH price back down to sub $2000 and in an extremely bearish case below $1800.

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ETH 3 months chart

This could be the end of the pump for now, but that doesn't mean a full retrace is in order. It's natural to dip after a pump and ETH has been due for a correction. We could see prices come down in the second half of December and continue to rise some time after New years.

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Stay tuned for more updates.

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Later traders!

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Is there any way to hide all the posts with the word "whale" in the title from this sub on my Reddit? If yes, please let me know how. I will appreciate it. Thank you.

Source : https://x.com/watcherguru/status/1734277882166313349?s=46

Hey everyone,

I found this possible future airdrop, and I figured I would share the info with the community.

Orbiter Finance announced recently on X a new feature called O-points. The information of the announcement can be found below:

screenshot 1

screenshot 2

screenshot 3

Airdrop Speculation:

There is speculation that this point system may translate into eligibility points for a possible Orbiter Finance token airdrop.

There is a short article on RankFi that goes into the details of this possibility.

screenshot 4

screenshot 5

How to claim O-points:

At this moment, you can earn up to 150 O-points by bridging transactions from, and to Linea (which can help you qualify for their airdrop, as well as other L2s!). O-points are easy to accumulate and the gas fees are low between L2s.

You can also claim up to 5 NFTs based on the number of transactions you've done on the app, which can be claimed on Galxe for a limited time.

screenshot 6

Happy airdrop farming!

1. Smart whale 0xb15 deposited 55.00M USDT to Binance.

transaction: 0x22733654d5a81cb05d78c8735755930f34e501b7d32aa0f0b427fe4b1276bfc7

address: 0xb15485a37a1e6759f0dff1bdccfc27c2c96c8b2e

Notably, the whale

The whale tended to deposit a large amount of stablecoins to Binance before starting another ETH trading round.

The whale is very good at trading ETH, having realized $16.25M from 7 out of 8 completed ETH trades (win rate: 87.5%).

Exactly what the title says. It can be something interesting, a fun fact, a piece of Ethereum history, or a technical aspect that you think is cool. Comment about it and I will give you donuts.

I am taking a 30-minute break at the library right now, so if you comment after that I won't be able to tip you for a few hours. Happy commenting!

The crypto market took a slump yesterday but OP, the governance token of the optimism network is showing double digit gains.

OPs movement is significant because it's touching levels it hasn't seen since early May 2023. Currently OP is trading at $2.34. Just a couple cents shy of the $2.39 resistance and well above the $2.15 support line. If OP manages to break $2.39 it could make a run to $2.70 very soon.

OP like everything else has shown to be trending up since the Oct. 20th market reversal and failing to feel the dip may a good sign for the crypto market and could mean this dip will quickly pass and the market should see green again.

Time will only tell but charts are looking bullish. Let's remain positive and think happy thoughts.

Later traders!

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https://preview.redd.it/lcsp9pshmo5c1.png?width=589&format=png&auto=webp&s=80d7638805a2a702cf5bd3ec10ff6321327edcf8

https://preview.redd.it/45r7lt2mmo5c1.jpg?width=2784&format=pjpg&auto=webp&s=ffff76991be7a667f5812dbba6f689b15da01f17

https://preview.redd.it/2lp56x2mmo5c1.jpg?width=2772&format=pjpg&auto=webp&s=0d12bea866234a71abfb0a06aea9718910f26083

https://preview.redd.it/7sodi03mmo5c1.jpg?width=2760&format=pjpg&auto=webp&s=a26d4d21c4a1b81eee3c315622476e88bc93e347

We noticed that 3 fresh wallets withdrew a total of 14K ETH($31.13M) from Binance after the ETH price plummeted.

https://etherscan.io/address/0x2050a87be3c567cb212b74c10ac12b729f66ab78

https://etherscan.io/address/0x88b71bd0f98301c85d90c499a22ef6d2d97d481b

https://etherscan.io/address/0xc0a556c0ad5957afe2befa421bfaadd78ba613f5

What do you think? Are Whales Getting Ready To HODL Long Term And Buying The Discount?

Personal opinion:

My opinion is that ETH is undervalued at this price and that whales are currently taking advantage of their power manipulating the price but don't get tricked. This can go down further. However even if it dumps, you will win money in the long term holding Ethereum.

Source: https://x.com/lookonchain/status/1734218936940634421

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https://preview.redd.it/uozyzeo6eo5c1.png?width=738&format=png&auto=webp&s=b01a14132a7f72ae059455e62f0a0375895aa830

Crypto Funding rates indicates significantly more long orders than short orders in the market, causing bulls to pay a premium to rebalance. High funding rates are often followed by a “flush,” where futures positions are forcibly closed, causing prices to cascade in the opposite direction.

Source for Chart: https://crypto.news/bitcoin-and-ethereum-prices-cool-off-traders-bullish-on-this-altcoin/

What do you guys think. Do you agree with this Analyst, or is the bull market still on?

Loading up on eth, donuts and btc!