Blue Protocol narxBLUE

Ethereum is selling off heavily as quantitative tightening (QT) continues. Crypto analyst Benjamin Cowen highlights the similarity of the current Ethereum cycle to the market environment of 2019. During QT in 2019, Ethereum formed a wedge pattern, briefly broke above it, then fell below. Shortly, the Federal Reserve stopped QT , leading to a bottom for ETH/BTC and a short-term pump for ETH/USD. Today, Ethereum is once again breaking down into its long-term regression band, mirroring the 2019 scenario. With QT still in place, the likelihood of a near-term policy shift by the Fed remains high. The macroeconomic backdrop plays a crucial role in shaping Ethereum’s price action. Currently, Ethereum is trading around $2,061.26 , facing a steep decline after losing support from its wedge formation. The green regression channel, which historically defined Ethereum’s long-term growth, now serves as a crucial support zone. Additionally, a yellow symmetrical triangle, representing market consolidation, was previously broken to the upside. However, Ethereum has now retraced and fallen below its lower boundary. This movement signals potential weakness, increasing the probability of testing lower support levels within the regression band. Moreover, the macroeconomic indicator, reflected by a blue trend line, has been decreasing since it reached its highest value in 2022. This downtrend is in line with Ethereum’s declining momentum, which reflects high correlation between liquidity conditions and prices. As financial conditions tighten up, Ethereum is subjected to increasing pressure , highlighting long-term support levels. Cowen suggests that the Federal Reserve could end QT within the next few months. Historically, the conclusion of QT in 2019 coincided with Ethereum’s bottom, triggering a price rebound. If the Fed shifts its stance, liquidity could improve, supporting Ethereum’s price recovery . Furthermore, price action within the green regression channel has historically led to strong rebounds. A potential bounce from the lower band could provide a bullish opportunity. However, if Ethereum fails to hold these levels, further declines may follow. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

#BTC support turns into resistance, cautiously bullish ⚠️ 🧠Due to the turbulence of the international situation, it has gradually fed back to the investment market, so recent transactions will become more difficult, so we should choose to observe and wait for the right opportunity to appear. ➡️From a structural point of view, we did not stabilize in the support area of ​​84000-86000, but continued to fall below this area, so this support area turned into a resistance area, and the resistance area cannot be bullish. ➡️If the price stabilizes near the support line 79524, then if the target area of ​​this support structure overlaps with the blue resistance area, then you can consider participating in some short transactions. Let's take a look👀 🤜If you like my analysis, please like💖 and share💬$BTC

$PI where are you guys now that claimed. Everything blue only pi red. Now the table turned my friends pi is gonna go up soon😎

pi is now blue others are red

Solana’s TVL is down 30%: at $10.3 billion currently, it has recovered from its low of $9.90 billion, but is still far from the $14.2 billion seen in January, indicating weak investor confidence. Weak bearish momentum: The Ichimoku Cloud and DMI indicators show selling pressure fading, with buying momentum picking up – a potential trend reversal. Key levels to watch: SOL must break $183 to signal a bullish recovery; failure could lead to a drop towards $159 or even $147, the lowest since October 2024. Solana’s total value locked (TVL) recently dropped to $9.90 billion, its lowest level since November 2024, before recovering slightly to $10.3 billion. Despite this rebound, SOL’s TVL is still down about 30% from its January peak, raising concerns about the stability of its ecosystem. Meanwhile, SOL price has taken a hit, falling 8% in the past week and over 31% in the past month. Some technical indicators point to a recovery, but bearish momentum still dominates as SOL remains trapped below key resistance levels. TVL at all-time lows – what’s driving the decline? Solana’s TVL stands at $10.3 billion, recovering slightly from its low of $9.90 billion on February 17 — the weakest since November 14, 2024. However, the TVL remains about 30% below its January high of $14.2 billion, indicating a decline in investor confidence. This decline is in line with ongoing controversies in the Solana ecosystem, such as: Accusations of symbolic extractive economics. Criticism over the launch of the meme coin LIBRA, which may have caused capital outflows. Since TVL measures the total capital locked up in DeFi protocols, its decline indicates a shrinking liquidity base and weak investor confidence. If Solana fails to address these issues, capital outflows could continue, putting downward pressure on SOL’s price. On the other hand, a rebound in TVL could be a bullish signal, indicating renewed investor interest. Bearish but recovering? SOL technical indicators Solana’s Ichimoku Cloud chart shows that SOL is still below the red cloud, reinforcing the prevailing downtrend. However: The price is trading above the Tenkan-sen (blue) and Kijun-sen (orange), indicating some weakness in the downward momentum. If SOL breaks above the red cloud, it may indicate a shift towards bullish momentum. Failure to do so is likely to lead to renewed selling pressure. Directional Movement Index (DMI) shows a shift in momentum. The ADX has dropped to 25.4, down from 43 just two days ago when SOL dropped to $165. +DI is rising (now at 18.4), while -DI is falling (now at 14.8) - this indicates that buying pressure is increasing as selling pressure weakens. If +DI crosses above -DI, ​​it may confirm a trend reversal. However, if +DI fails to maintain its momentum, SOL may continue its downtrend. Can SOL get back $200? SOL's EMAs are still bearish, with the short-term EMAs lagging the long-term EMAs. But there is a shift happening: SOL price is up 4% in the last 24 hours, indicating weak selling pressure. If the short-term EMAs cross above the long-term EMAs, it may confirm a bullish reversal. Key levels to watch: Resistance: First target at $183 – breaking this could pave the way to $197. Bullish scenario: If the buying momentum continues, SOL could push towards $220, indicating a strong recovery. Bearish scenario: If selling pressure returns, SOL could retest $159. A breakdown here could lead to $147, the lowest since October 2024. Final Thoughts - Will SOL Recover or Continue to Slide? A falling TVL indicates weak investor confidence, but a bounce could reignite bullish sentiment. Technical indicators are showing mixed signals, with momentum shifting but resistance levels still intact. Key price levels at $183 and $197 will determine whether SOL will break out or remain under pressure. At the moment, traders are watching closely - will Solana resist, or is there more downside ahead? $SOL