Redator

The Ethereum price has recently demonstrated significant momentum, leading the altcoin market with a significant 13% increase over the past week. This surge has brought the cryptocurrency close to its all-time high, prompting a new wave of bullish predictions. Analysts Forecast Further Gains Market analyst Mags on social media platform X (formerly Twitter), highlighted a key milestone for the Ethereum price: after 1,146 days of price consolidation, the market’s second-largest cryptocurrency finally broke through the critical $4,000 level. Historically, Ethereum made three attempts to surpass this threshold, encountering setbacks each time. However, in August, the fourth attempt proved successful, and the token has been consolidating above the $4,000 mark for several months. While there was a momentary setback when the price dipped to $3,800, bullish sentiment quickly returned, pushing the Ethereum price back above the $4,000 level and initiating a robust V-shaped recovery. This technical pattern, according to the analyst, is highly bullish for the leading altcoin, with Mags suggesting that the next upward leg could target a new record price for ETH of $7,331, also aligning with the 1.618 Fibonacci extension level. Potential Ethereum Price Surge To $10,000 Macroeconomic factors also play a significant role in Ethereum’s potential for further gains. Analysts at CryptoQuant note that the US M2 money supply has entered a renewed expansion phase, hitting a record high of approximately $22.2 trillion. Bitcoin (BTC) was the first to reflect this increase, soaring by over 130% since 2022 and showing a strong correlation with M2 growth of around 0.9. By contrast, the Ethereum price performance has lagged behind, rising by just around 15% during the same period, a phenomenon dubbed “liquidity lag” by the analysts. However, on-chain data compiled by CryptoQuant indicates that this gap may be narrowing. Notably, Ethereum’s exchange reserves have decreased to roughly 16.1 million ETH, a drop of more than 25% since 2022. This suggests a structural decline in selling pressure, as netflows to exchanges remain consistently negative, indicating that ETH is being withdrawn for self-custody. Additionally, the Coinbase Premium Index has turned positive, signaling renewed interest from US institutional investors. Past cycles have shown the Ethereum price tends to trail Bitcoin during the initial stages of monetary easing cycles. Yet, as Bitcoin’s dominance dips below 60%, capital often rotates into the altcoin market, leading to a rise in the ETH/BTC ratio. CryptoQuant analysts assert this pattern appears to be re-emerging, hinting that the remainder of the year could see a shift away from a Bitcoin-centric market toward one driven by Ethereum and other altcoins. If global liquidity continues to expand and the trend of outflows from exchanges persists, the Ethereum price may align more closely with M2 growth, entering a new phase of revaluation. In such a scenario, ETH’s prospect of reaching $10,000 becomes increasingly possible, the analysts further added. Featured image from DALL-E, chart from TradingView.com

Yesterday, gold set a new all-time high, approaching the $4,000 per ounce mark. This occurred amid rising market uncertainty driven by the U.S. government shutdown and the ongoing political crisis in France. In addition, global economic instability and slowing growth in China have added to investor nervousness, prompting a shift toward safer currencies and assets. The price of gold rose to $3,977.44 per ounce after gaining 1.9% on Monday. The U.S. government shutdown, now in its second week, has deprived investors of key economic data needed to assess the state of the U.S. economy. This complicates the Federal Reserve's ability to evaluate shifting conditions. Traders continue to price in a 25-basis-point rate cut this month, which is supportive for gold as it doesn't yield interest. The political crisis in France is further dampening investor sentiment. Instability in one of the eurozone's largest economies poses risks for the entire currency bloc, raising concerns that fresh economic problems may emerge. In such conditions, gold, as a traditional safe-haven asset, is experiencing significant demand. As a reminder, French Prime Minister Sebastien Lecornu resigned after unsuccessful attempts to reach a consensus with political parties regarding budget expenditures. This stalemate has derailed efforts to curb what is currently the largest budget deficit within the eurozone. The combination of the U.S. government shutdown and political instability in France has created a favorable environment for gold. Investors are looking to shield their assets from risk, and precious metals remain one of the most reliable methods for doing so. In the short term, further price appreciation in gold can be expected. However, long-term prospects remain uncertain, depending on several unpredictable factors. U.S. President Donald Trump has been a major driver of gold's rally this year, with his aggressive actions in reshaping global trade and geopolitics triggering a flight to safety and a move away from the U.S. dollar. Central banks and gold-backed ETFs have been eagerly buying gold, and the Fed's rate cuts—and the likelihood of further cuts—have only supported this trend. Goldman Sachs Group Inc. has raised its price forecast for December 2026 from $4,300 to $4,900 per ounce, citing inflows into ETFs and increased central bank purchases. Silver remains stable above $48 per ounce, as does platinum, while palladium has continued to climb. Technical OutlookFrom a technical perspective, gold buyers need to break through the nearest resistance at $4,008. This would open the way to $4,062, although overcoming this level could prove quite difficult. The longer-term target sits around the $4,124 area. If gold prices fall, bears will attempt to reclaim control at $3,954. A successful breach of this range would deal a serious blow to the bullish trend and push gold toward the $3,906 level, with the potential to reach as low as $3,849. The material has been provided by InstaForex Company - www.instaforex.com

Trade Analysis and USD/JPY Trading TipsThe price test at 150.26 occurred when the MACD indicator had just started to move down from the zero line, confirming it as a valid entry point for selling the dollar. This signal led to a drop in the pair of over 40 points. A moderate decline in the dollar occurred yesterday afternoon following yet another failed round of budget talks between Republicans and Democrats, which resulted in an extended government shutdown. As is commonly known, a shutdown erodes confidence in the U.S. economy. Moreover, the shutdown has a direct impact on the flow of economic data. When government agencies cease operations, it causes delays in reports on key economic indicators, increases uncertainty, and creates difficulties for analysts and businesses. The lack of timely economic data distorts the overall picture of economic conditions. Despite this, the Japanese yen did not record any substantial gains. News of the appointment of a new Prime Minister in Japan, announced yesterday, continues to exert downward pressure on the Japanese currency. The new leader has made it clear that they intend to maintain a soft stance regarding upcoming reforms and are ready to reintroduce economic stimulus measures. This contradicts the Bank of Japan's intention to raise interest rates. Today, I will primarily rely on Buy Scenarios #1 and #2. Buy ScenariosScenario #1: I plan to buy USD/JPY today at the 150.58 level (indicated by the thin green line on the chart), with an upside target at 150.97 (indicated by the thick green line). Around the 150.97 level, I intend to exit the long trade and open a sell position in the opposite direction, aiming for a 30–35 pip pullback. Buying the pair is most effective during corrections or following significant drops in USD/JPY. Important: Before buying, ensure that the MACD indicator is above the zero line and just starting to rise. Scenario #2: I will also consider buying USD/JPY if the price tests the 150.30 level twice consecutively while the MACD is in oversold territory. This should limit the pair's downside potential and trigger a reversal to the upside. The expected price targets in this case are 150.58 and 150.97. Sell ScenariosScenario #1: I plan to sell USD/JPY only after the price breaks through the 150.30 level (indicated by the thin red line on the chart), which would likely trigger a sharp downward move. The key target for sellers will be 149.98 (thick red line), where I intend to close the short position and immediately open a buy in the opposite direction, aiming for a 20–25 pip rebound. It's best to sell from as high a point as possible. Important: Before selling, ensure the MACD indicator is below the zero line and just starting to fall. Scenario #2: I also plan to sell USD/JPY if the price tests the 150.58 level twice while the MACD is in overbought territory. This would limit the pair's upward potential and likely lead to a reversal to the downside. Possible price targets in this case are 150.30 and 149.98. What's on the chart:Thin Green Line: Entry price for buying the instrument.Thick Green Line: Proposed Take Profit level or manual profit-taking zone. Further growth above this level is unlikely.Thin Red Line: Entry price for selling the instrument.Thick Red Line: Proposed Take Profit level or manual profit-taking zone. Further decline below this level is unlikely.MACD Indicator: Always use MACD to identify overbought or oversold conditions when entering trades.Important Note for Beginner Forex TradersBeginner traders must exercise great caution when making entry decisions in the market—especially before major fundamental data releases. It's often best to stay out of the market during such events to avoid sharp market moves that go against active trades. If you do choose to trade during news releases, always use stop-loss orders to minimize risk. Trading without a stop-loss, especially with large volumes or poor risk management, can lead to a rapid and complete loss of your trading account. Remember: successful trading relies on having a clear plan, such as the one outlined above. Making trades based on emotion or reacting impulsively to market movements is a losing strategy, especially for intraday traders. The material has been provided by InstaForex Company - www.instaforex.com

Trade Analysis and Tips for Trading the British PoundThe price test at 1.3456 occurred when the MACD indicator had already moved significantly above the zero line, which limited the pair's upward potential. The U.S. dollar resumed its decline against the British pound yesterday after Republicans and Democrats once again failed to reach a budget agreement, extending the government shutdown. Investors, exhausted by political uncertainty and concerned about its potential economic consequences, continued to abandon dollar-denominated assets, which immediately impacted the exchange rate against major global currencies. As is well known, a prolonged shutdown erodes confidence in the U.S. economy, reducing the appeal of the national currency and prompting capital outflows. In the first half of the day, Halifax is scheduled to release its UK House Price Index report. In the current macroeconomic environment, this data is especially significant. Traders will pay close attention to changes in real estate prices relative to previous periods. A decline in housing prices could signal a cooling market due to high borrowing costs and reduced consumer purchasing power. On the other hand, even a slight rise in prices may indicate market resilience — possibly driven by limited housing supply or sustained demand for certain property types. Additionally, the Halifax report typically includes analysis of contributing factors, such as employment levels, consumer confidence, and broader economic forecasts. Today, I'll mainly rely on executing Buy Scenarios 1 and 2. Buy ScenariosScenario #1: Buy the British pound at an entry point near 1.3486 (thin green line on the chart), with an upside target at 1.3515 (thick green line). I plan to exit my long positions at 1.3515 and open short positions in the opposite direction, targeting a 30–35 pip pullback. Important: Buy positions should only be considered after strong economic data is released. Before entering, ensure the MACD indicator is above the zero line and is just beginning to rise. Scenario #2: I also plan to buy the pound following two consecutive tests of the 1.3469 level when the MACD indicator is in oversold territory. This would limit the pair's downside potential and likely trigger a reversal to the upside. Expected price targets in this case are 1.3486 and 1.3515. Sell ScenariosScenario #1: Sell the pound after the price breaks below the 1.3469 level (thin red line). This will likely lead to a quick drop toward the 1.3440 level (thick red line), where I plan to exit sell positions and open long positions in the opposite direction — anticipating a 20–25 pip rebound. Important: Before selling, ensure that the MACD indicator is below the zero line and is just beginning to decline. Scenario #2: I also plan to sell the pound after two consecutive tests of the 1.3486 level while the MACD is in overbought territory. This would cap the pair's upside potential and likely lead to a bearish reversal. Anticipated downside targets in this case are 1.3469 and 1.3440. What's on the chart:Thin Green Line: Entry price for buying the instrument.Thick Green Line: Proposed Take Profit level or manual profit-taking zone. Further growth above this level is unlikely.Thin Red Line: Entry price for selling the instrument.Thick Red Line: Proposed Take Profit level or manual profit-taking zone. Further decline below this level is unlikely.MACD Indicator: Always use MACD to identify overbought or oversold conditions when entering trades.Important Note for Beginner Forex TradersBeginner traders must exercise great caution when making entry decisions in the market—especially before major fundamental data releases. It's often best to stay out of the market during such events to avoid sharp market moves that go against active trades. If you do choose to trade during news releases, always use stop-loss orders to minimize risk. Trading without a stop-loss, especially with large volumes or poor risk management, can lead to a rapid and complete loss of your trading account. Remember: successful trading relies on having a clear plan, such as the one outlined above. Making trades based on emotion or reacting impulsively to market movements is a losing strategy, especially for intraday traders. The material has been provided by InstaForex Company - www.instaforex.com

Trade Analysis and EUR/USD Trading TipsThe price test at 1.1684 occurred at a time when the MACD indicator had moved significantly above the zero line, limiting the pair's upside potential—especially after the strong downturn seen earlier. For this reason, I did not buy the euro. Yesterday's trading session showed market participants attempting to exert downward pressure on the euro on the back of political instability in France. However, buyers eventually regained some control, providing temporary support for the single currency. The uncertainty triggered by the resignation of yet another French prime minister and the scheduling of early elections continues to weigh negatively on the euro. Additional pressure comes from anticipation surrounding future decisions by the European Central Bank. Despite a recent drop in inflation, the ECB's monetary policy outlook remains rather restrictive, which dampens hopes for Eurozone economic growth this year. Today, we expect several key releases in the first half of the day: German Factory Orders: If forecasts of significant growth are confirmed, after a period of industrial sector instability, this could support confidence in Germany's economic recovery.French Trade Balance: This data will offer insight into the competitiveness of the French economy. An increase in the trade surplus typically indicates robust export capabilities and economic strength. Conversely, a declining surplus (or a move into deficit) could trigger concerns.Speech by Bundesbank President Joachim Nagel: This will be one of the focal points of the day. Market watchers will pay close attention to his comments on inflation, monetary policy, and the Eurozone's economic outlook. His remarks could influence market expectations regarding the ECB's next moves, and thereby affect the euro's trajectory.Today, I will primarily follow Buy Scenarios 1 and 2 as outlined below. Buy ScenariosScenario #1: Buy the euro at a price level near 1.1712 (green line on the chart), aiming for a rise toward 1.1745. At 1.1745, I plan to exit the trade and potentially sell the euro in the opposite direction, expecting a 30–35 pip pullback. Important: Before buying, ensure the MACD indicator is above the zero line and just beginning to rise from that level. Scenario #2: Also looking to buy if the price twice tests the 1.1696 level and the MACD is in the oversold area. This would limit the pair's downside potential and may trigger a reversal to the upside, targeting the 1.1712 and 1.1745 levels. Sell ScenariosScenario #1: Sell the euro following a price move to 1.1696 (red line on the chart). Target a drop to 1.1664, where I plan to exit and immediately open a buy position in the opposite direction, expecting a 20–25 pip retracement. Important: Before selling, confirm the MACD is below the zero line and just beginning to move downward. Scenario #2: Another opportunity to sell will emerge if the price tests the 1.1712 level twice, while the MACD is in the overbought zone. This would limit the pair's upward potential and may lead to a downward reversal toward the support levels of 1.1696 and 1.1664. What's on the chart:Thin Green Line: Entry price for buying the instrument.Thick Green Line: Proposed Take Profit level or manual profit-taking zone. Further growth above this level is unlikely.Thin Red Line: Entry price for selling the instrument.Thick Red Line: Proposed Take Profit level or manual profit-taking zone. Further decline below this level is unlikely.MACD Indicator: Always use MACD to identify overbought or oversold conditions when entering trades.Important Note for Beginner Forex TradersBeginner traders must exercise great caution when making entry decisions in the market—especially before major fundamental data releases. It's often best to stay out of the market during such events to avoid sharp market moves that go against active trades. If you do choose to trade during news releases, always use stop-loss orders to minimize risk. Trading without a stop-loss, especially with large volumes or poor risk management, can lead to a rapid and complete loss of your trading account. Remember: successful trading relies on having a clear plan, such as the one outlined above. Making trades based on emotion or reacting impulsively to market movements is a losing strategy, especially for intraday traders. The material has been provided by InstaForex Company - www.instaforex.com

The euro rather quickly regained its position against the U.S. dollar after the risks of a political crisis in France were shifted toward a similar political crisis and government shutdown in the United States. In addition, two of the leading politicians of the European Central Bank described the inflation outlook as not implying significant risks in either direction, which indicates that they currently have no intention of changing interest rates. This also creates additional appeal for the European currency. Vice President Luis de Guindos and Chief Economist Philip Lane acknowledged that a range of factors are influencing consumer prices, both upward and downward. "It can be said that inflation risks are balanced, we are meeting our forecasts, and price stability can to some extent be guaranteed," Guindos said at a conference in Madrid on Monday. "We consider our current levels acceptable. This is justified by recent inflation, our own inflation forecasts for the coming years, as well as the transmission of monetary policy." Markets reacted to these statements with cautious optimism. Investors interpreted the absence of a signal for rate cuts as support for European assets. Many economists believe the ECB will continue to closely monitor incoming data before making any decisions on interest rates. Most ECB policymakers argue that they are satisfied with the current parameters of monetary policy, and that significant deviations from the baseline scenario would be required to justify further easing after eight quarter-point cuts over the past year. According to ECB forecasts, inflation will slow to 1.7% next year and then return to 1.9% in 2027, while growth is expected to pick up, mainly due to increased budget spending in Germany and other countries. Lane noted that although he is not currently inclined toward a more accommodative stance, he outlined the potential choice for policymakers: either keep rates unchanged or lower them further. "An increase in the probability or intensity of downside risk factors would support the argument that a slightly lower refinancing rate could better safeguard the medium-term inflation target," he said. Speaking at a conference in Frankfurt, ECB Chief Economist Philip Lane emphasized that "procedurally, our approach to monetary policy must remain open if we want to properly account for changing information on inflation forecasts and related risks." As for the current technical picture of EUR/USD, buyers now need to focus on breaking through the 1.1720 level. Only this will allow them to target a test of 1.1745. From there, it may be possible to climb to 1.1775, but doing so without support from major players will be rather difficult. The farthest target will be the 1.1820 high. In the case of a decline, I expect serious buyer activity only around 1.1685. If there is no support there, it would be better to wait for a retest of the 1.1655 low or consider opening long positions from 1.1610. As for the current technical picture of GBP/USD, pound buyers need to break through the nearest resistance at 1.3500. Only this will allow them to target 1.3540, above which it will be quite difficult to move. The farthest target will be the 1.3565 level. In the case of a decline, the bears will attempt to regain control at 1.3460. If they succeed, a breakout of this range will deal a serious blow to the bulls' positions and push GBP/USD down to the 1.3410 low, with the prospect of reaching 1.3365. The material has been provided by InstaForex Company - www.instaforex.com

Ethereum is entering its next phase of evolution with the Fusaka upgrade. With more than just another technical iteration, Fusaka represents a major step toward solving Ethereum’s long-standing scalability and efficiency challenges. Why Fusaka Matters For Ethereum’s Next Era Of Decentralized Innovation Crypto markets are buzzing with the anticipation of the Ethereum Fusaka Upgrade. According to the CryptosRus post on X, VanEck has mentioned that the upcoming Fusaka upgrade, expected in December, could unlock one of the most transformative moments in the network’s history, making ETH faster, cheaper, and more scalable than ever before. The Fusaka upgrade will introduce PeerDAS (Peer Data Availability Sampling), a breakthrough that allows validators to verify blocks without downloading them in full. This innovation will significantly improve efficiency, increase blob capacity, enhance throughput for rollups, and reduce transaction costs for users across the ecosystem. As CryptosRus explains, the best way to imagine this is like ETH upgrading its plumbing, resulting in cheaper and faster operation for everyone using the network. However, VanEck believes Fusaka could be a game-changer, especially for rollups such as Arbitrum, Optimism, and Base, which depend on ETH for settlement. By reducing data overhead and optimizing block verification, the upgrade strengthens ETH’s foundation as the global base layer for crypto’s financial infrastructure. Furthermore, as network fees drop, ETH’s monetary importance rises. VanEck also believes that ETH is evolving from a simple gas token into the settlement currency of the entire rollup economy. Fusaka represents the next major phase in ETH’s journey, transforming it from a programmable chain into the financial backbone of Web3, ready to power the next wave of global digital finance. Analyst Tom Tucker shared his thoughts that Ethereum might be on track for a revolution. If the price continues to follow a pattern correlated with this increase in global money supply (M2) liquidity, it could climb to $15,000. Tucker highlights that the rapid increase in M2 is causing Fiat money to lose value fast, and ETH is being viewed as a smart hedge against global monetary debasement. “Doubters are gonna doubt, but this looks like a solid opportunity to me,” the expert noted. The Hidden Correlation Fueling ETH’s Next Rally Ethereum’s path to a new all-time high may be building faster than many in the market are expecting. Economist trader known as MikybullCrypto highlighted that the Russell index, which measures the performance of small-cap US stocks and tends to track the credit cycle, has just broken a new all-time high for the first time in four years. The trader noted that ETH has maintained a positive correlation with the Russell 2000 cycle. In addition, this historical breakout indicates a fresh wave of capital rotation into ETH and the broader altcoin market.

If we examine the daily chart, Bitcoin has displayed a steady and strong uptrend for nine consecutive days, excluding October 4. The price rebounded from $109,000 to $126,200. Ethereum has also surged significantly and is approaching its all-time high. One of the key drivers behind this rally is the prolonged U.S. government shutdown. The political stalemate has led to notable institutional inflows into crypto ETFs. Ongoing uncertainty over U.S. fiscal policy traditionally pushes large market players to seek alternative investment assets that can preserve and grow capital during periods of increased volatility. Crypto ETFs, offering regulated and convenient access to digital assets for institutional investors, have become a popular tool for portfolio diversification. These institutional inflows into cryptocurrencies signal growing recognition of digital assets as a legitimate asset class and a more prominent role for them in the global financial system. Large hedge funds, pension funds, and other institutional investors, once cautious about cryptocurrencies, are now realizing the potential benefits of including them in their portfolios—especially amid low yields in traditional assets and rising inflation. This trend creates a favorable environment for further growth in the crypto market and strengthens its position as an alternative investment platform. Intraday Strategy for CryptoMy trading approach continues to rely on buying into significant pullbacks in Bitcoin and Ethereum. The medium-term bullish trend remains intact. For short-term intraday strategies, see the setups below. Bitcoin Buy ScenariosScenario 1: I plan to buy Bitcoin today upon reaching the $124,800 entry point, aiming for a rise toward $125,600. At $125,600, I plan to exit long positions and sell immediately on the rebound. Before entering a breakout trade, make sure the 50-day moving average is below the current price and that the Awesome Oscillator is in positive territory (above zero). Scenario 2: Another option is to buy Bitcoin from the lower boundary at $124,000 if the market shows no reaction to breaking below this level. Targeting a return to $124,800 and $125,600. Sell ScenariosScenario 1: I plan to sell Bitcoin today at an entry point around $124,000, targeting a drop toward $123,000. I will close short positions and consider buying on a rebound near $123,000. Before selling on a breakout, make sure the 50-day moving average is above the current price and the Awesome Oscillator is in negative territory (below zero). Scenario 2: A sell opportunity also exists at the upper boundary at $124,800, if the market fails to push above this level. In that case, I'll target a return to $124,000 and $123,000. Ethereum Buy ScenariosScenario 1: I plan to buy Ethereum (ETH) at the $4,708 entry point with a target of $4,789. I will exit my long position there and sell on the rebound. Before entering a breakout trade, ensure the 50-day moving average is below the current price and the Awesome Oscillator is above zero. Scenario 2: Another buying opportunity arises from the lower boundary at $4,662, provided there is no market reaction to a breakdown of this level. In this case, I'll target a return to $4,708 and $4,789. Sell ScenariosScenario 1: I plan to sell Ethereum at $4,662, targeting a drop to $4,595. I will close short positions and consider buying near $4,595 on a rebound. Before entering a breakout sell, make sure the 50-day moving average is above the current price and the Awesome Oscillator is below zero. Scenario 2: A sell setup also applies at the $4,708 upper boundary if the market fails to break above it. If so, I'll look for a return toward $4,662 and $4,595. The material has been provided by InstaForex Company - www.instaforex.com

The U.S. dollar resumed its decline yesterday after Republicans and Democrats once again failed to reach a budget agreement, prolonging the government shutdown. In the first half of the day, euro sellers did everything they could, leveraging France's political problems. However, later in the day, buyers regained control. The atmosphere of uncertainty—driven by snap elections in France—continues to weigh on the euro. Traders fear potential changes in the country's economic policy, which could hurt France's financial stability and eventually affect the entire eurozone. This morning, some important data will be published for the eurozone. German factory orders and France's trade balance will attract traders' attention. Also notable is a speech by Bundesbank President Joachim Nagel. German factory orders are expected to show modest growth. Following recent volatility in the manufacturing sector, any signs of recovery will be closely examined for clues of stabilization in the German economy. Analysts believe that an increase in orders could signal improved output in the coming months. France's trade balance will offer insight into the competitiveness of the French economy. An increase in surplus indicates stronger export potential and, in turn, signals accelerating economic growth. Nagel's speech will be a key event. The markets will closely monitor his comments regarding inflation, monetary policy, and the eurozone's economic outlook. In the UK, the Halifax House Price Index will be released in the first half of the day. This report traditionally garners attention as one of the most trusted indicators of the UK's housing market health. Given the current macroeconomic backdrop, these figures are especially critical. A drop in prices may suggest a cooling market due to higher borrowing costs and reduced consumer purchasing power. If the data match economists' expectations, it's better to use the Mean Reversion strategy. If the data deviate considerably from expectations (either much stronger or weaker), the Momentum strategy is preferred. Momentum Strategy (Breakout Trading):For the EUR/USD pairBuying on a breakout above the 1.1720 level may lead to a rise in the euro toward the 1.1745 and 1.1777 areas. Selling on a breakout below the 1.1685 level may lead to a decline in the euro toward the 1.1654 and 1.1611 areas. For the GBP/USD pairBuying on a breakout above the 1.3500 level may result in a rise in the pound toward the 1.3525 and 1.3556 areas. Selling on a breakout below the 1.3465 level may result in a decline in the pound toward the 1.3425 and 1.3390 areas. For the USD/JPY pairBuying on a breakout above the 150.60 level may lead to a rise in the dollar toward the 150.99 and 151.30 areas. Selling on a breakout below the 150.35 level may result in a decline in the dollar toward the 150.10 and 149.80 areas. Mean Reversion Strategy (Reversal at Failed Breakouts): For the EUR/USD pairI will look to sell after a failed breakout above the 1.1728 level, followed by a return below it. I will look to buy after a failed breakout below the 1.1694 level, followed by a return above it. For the GBP/USD pairI will look to sell after a failed breakout above the 1.3497 level, followed by a return below it. I will look to buy after a failed breakout below the 1.3468 level, followed by a return above it. For the AUD/USD pairI will look to sell after a failed breakout above the 0.6632 level, followed by a return below it. I will look to buy after a failed breakout below the 0.6608 level, followed by a return above it. For the USD/CAD pairI will look to sell after a failed breakout above the 1.3957 level, followed by a return below it. I will look to buy after a failed breakout below the 1.3934 level, followed by a return above it. The material has been provided by InstaForex Company - www.instaforex.com

Macroeconomic Reports Overview: There are no macroeconomic reports scheduled for Tuesday. Therefore, throughout the day, traders will only be able to react to fundamental events — and there will be quite a few of those. However, central bank officials' speeches are barely moving the market at this point for several reasons: First, policymakers are not providing any fundamentally new information.Second, the monetary policy outlooks for all three major central banks are already fairly clear to the market.Key Fundamental Events to Watch: Although macroeconomic data is absent, Tuesday features several key events. In the Eurozone, European Central Bank President Christine Lagarde is scheduled to speak again. We don't expect anything notable from this appearance. Lagarde spoke three times last week and is scheduled for three speeches this week as well — yet none of her previous appearances brought any meaningful insights. The ECB currently has no plans to adjust its monetary policy, primarily because inflation levels do not warrant either rate hikes or cuts. In the United States, members of the Federal Reserve's FOMC — including Stephen Mirran, Raphael Bostic, Michelle Bowman, and Neel Kashkari — will also deliver remarks. Do not expect anything groundbreaking here either. Mirran is expected to continue supporting the most aggressive rate-cut outlook.Michelle Bowman usually favors a more moderate approach.Kashkari and Bostic prefer a gradual approach to rate cuts based on macroeconomic data.In short, nothing new. Summary and Outlook:During the second trading day of the week, both major pairs may continue to trade with low volatility and without a clear trend. The British pound has completed its downward trend, and the euro has likely followed suit. However, an upward trend has not yet clearly begun for either pair. For EUR/USD, a further rise can be expected if the pair bounces from the 1.1655–1.1666 area, targeting 1.1745–1.1754. For GBP/USD, a rise toward 1.3529 is likely if the price remains above the 1.3466–1.3475 area. If it consolidates below this area, a drop toward 1.3413–1.3421 is expected. Core Trade System Rules:Signal strength is determined by the time it takes for the signal to form (a bounce or breakout). The shorter the time, the stronger the signal.If two or more false trades are made near a specific level, all future signals from that level should be ignored.During flat (sideways) markets, any pair may either produce many false signals or none at all. When early signs of a flat appear, it's best to pause trading.Trades should be opened between the start of the European session and the middle of the American session. After that, all trades should be closed manually.On the hourly timeframe, MACD indicator signals should only be followed if there is significant volatility and a confirmed trend (as indicated by a trendline or channel).If two levels are very close (within 5 to 20 pips), treat them as a support/resistance zone rather than individual levels.Once a position is 15–20 pips in profit, move the Stop Loss to breakeven.What's on the Charts:Support and resistance price levels – these are the target zones for entering buy/sell trades. Take-profit orders can be placed near these levels. Red lines – trendlines or trend channels that show the current market direction and preferred trade direction. MACD indicator (settings: 14, 22, 3) – the histogram and signal line serve as additional signal sources. Important speeches and economic reports (always listed in the economic calendar) can significantly affect currency pair movements. During their release, it's advised to trade with extreme caution or exit the market to avoid sharp price reversals against the previous trend. Final Note for Beginners:New forex traders must remember that not every trade will be profitable. Developing a clear trading strategy and practicing sound money management are essential for achieving long-term success in trading. The material has been provided by InstaForex Company - www.instaforex.com

The euro is trading around 1.1706, below the 8/8 Murray and below the 200 EMA, and within the downtrend channel formed on September 12. Over the past few days, the euro has failed to break out of the downtrend channel on several attempts. However, we see on the chart that the euro left a gap at the close of Friday's session, so during a technical rebound, EUR/USD is likely to reach 1.1735 in the coming days. If bearish pressure prevails, we can expect the euro to reach the 7/8 Murray around 1.1596 or even reach the bottom of the downtrend channel around 1.1560. If the euro breaks sharply above the trend channel and consolidates around 1.1740, we could expect it to continue rising and potentially reach +1/8 of the Murray level at 1.1840. The eagle indicator is showing a negative signal, so if a technical rebound occurs and the price remains below 1.1760, it will be seen as a signal to continue selling. The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin reached a new high at 126,171. After reaching this level, Bitcoin is undergoing a strong technical correction, breaking the uptrend channel formed since September 29. We believe that in the coming hours, Bitcoin could reach the 7/8 Murray level around 121,875. This level could provide strong support for Bitcoin, but if bearish strength prevails, we could expect it to reach the 200 EMA, around the psychological level of $120,000. On the other hand, if Bitcoin resumes its bullish cycle, we should expect it to consolidate above eight-eighths of the Murray level at $125,000. Then, it could reach $126,171 and even one-eighth of the Murray level at about $128,500. Technically, on the H4 chart, Bitcoin is showing a negative divergence. Therefore, if the price consolidates below $125,000 in the coming days, any technical rebound will be seen as a signal to continue selling. The material has been provided by InstaForex Company - www.instaforex.com

Gold is bouncing back after reaching the support of the uptrend channel formed on September 26th and is now likely to reach the 3,977 area. If the price breaks this high, we could expect it to reach 3,992 and could even reach the psychological level of $4,000. Conversely, if the gold price falls below 3,951, this could signal a breakout of the uptrend channel, and we could expect a strong technical correction that could push the price down to the +1/8 Murray around 3,906. If gold reaches 3,977 and fails to consolidate above this area, we could expect the formation of a double top or triple top pattern, which could confirm a short-term technical reversal. We should pay attention to the 3,950 area. A strong technical correction is expected below this area. The uptrend could develpo further above this level. The eagle indicator is reaching overbought levels, so gold is expected to undergo a significant technical correction in the coming days. The material has been provided by InstaForex Company - www.instaforex.com

Dogecoin started a fresh increase above the $0.250 zone against the US Dollar. DOGE is now consolidating and might aim for more gains above $0.270. DOGE price started a fresh upward move above $0.250 and $0.2550. The price is trading above the $0.2550 level and the 100-hourly simple moving average. There is a bullish trend line forming with support at $0.2580 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could aim for more gains if it remains stable above $0.2550. Dogecoin Price Turns Green Dogecoin price started a fresh increase after it settled above $0.2350, like Bitcoin and Ethereum. DOGE climbed above the $0.250 resistance to enter a positive zone. The bulls were able to push the price above $0.260 and $0.2620. A high was formed at $0.2701 and the price is now consolidating gains near the 23.6% Fib retracement level of the recent wave from the $0.2507 swing low to the $0.2701 high. Dogecoin price is now trading above the $0.260 level and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $0.2580 on the hourly chart of the DOGE/USD pair. If there is another increase, immediate resistance on the upside is near the $0.270 level. The first major resistance for the bulls could be near the $0.2720 level. The next major resistance is near the $0.280 level. A close above the $0.280 resistance might send the price toward $0.2880. Any more gains might send the price toward $0.2920. The next major stop for the bulls might be $0.30. Pullback In DOGE? If DOGE’s price fails to climb above the $0.270 level, it could start a downside correction. Initial support on the downside is near the $0.2650 level. The next major support is near the $0.2580 level and the trend line. The main support sits at $0.250. If there is a downside break below the $0.250 support, the price could decline further. In the stated case, the price might slide toward the $0.2320 level or even $0.2250 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.2580 and $0.2550. Major Resistance Levels – $0.2700 and $0.2720.

Yesterday, US stock indices closed mixed. The S&P 500 rose by 0.36%, while the Nasdaq 100 added 0.41%. The industrial Dow Jones declined by 0.14%. Japanese equities continued to climb following the election of a pro-stimulus legislator as the new leader of the country, leading to a weaker yen and higher long-term bond yields. Gold set another record high amid increasing demand for safe-haven assets against a backdrop of political crises worldwide. The Nikkei index rose by 0.7%, reaching a new intraday high after a 4.8% gain on Monday. Shares of Asian companies engaged in artificial intelligence advanced after a high-profile deal between Advanced Micro Devices Inc. and OpenAI. The yield on 30-year Japanese bonds reached a new record at 3.315% ahead of a government bond auction, the first since Sanae Takaichi took office as Japan's next prime minister. US equity futures fell after President Donald Trump stated that he would be willing to negotiate with Democrats on healthcare only after the government reopens. While global equities continue to set records, concerns about the US government shutdown and political crisis in France have prompted investors toward alternative assets such as gold and Bitcoin, driving both to new price peaks. Investors worried about the potential impact of political turbulence on traditional markets redirected their funds into precious metals, pushing gold to a new all-time high. Demand for gold has increased not only from institutional investors but also from retail buyers seeking to protect their savings from inflation and currency depreciation. Goldman Sachs Group Inc. has raised its gold forecast for December 2026 from $4,300 to $4,900 per ounce, citing inflows from ETFs and purchases by central banks. According to the latest data, the People's Bank of China increased its gold reserves for the eleventh consecutive month in September. Bitcoin, in turn, has also not been left out of the overall risk-off trend. The cryptocurrency, gradually acquiring the status of a mature investment asset, has shown impressive growth, reaching a new historic high. BTC has been supported by both institutional investors, who see its potential for portfolio diversification, and advocates of decentralized finance, confident in its long-term outlook. As for the technical picture for the S&P 500, the main objective for buyers today will be to break through the nearest resistance level of $6,743. This would help drive further growth and open the way for a move to the next level at $6,756. No less of a priority for bulls will be to maintain control over the $6,769 mark, which would strengthen buyers' positions. In the event of a move lower amid declining risk appetite, buyers simply must make themselves known in the $6,727 area. A break below this level would quickly push the instrument back to $6,711 and open the way to $6,697. The material has been provided by InstaForex Company - www.instaforex.com

XRP roared back above $3.00 in early Asian trading, reclaiming key psychological support as Bitcoin’s march to fresh highs energized altcoin flows. But the move comes with a caveat: on-chain trackers flagged 320 million XRP ($950Million) moving onto exchanges over the past week, an overhang that could test buyers’ resolve as price approaches a crowded resistance band. With ETF chatter heating up and Ripple’s banking ambitions in motion, the next leg hinges on whether bulls can absorb supply and force a clean breakout toward $4.00. Bitcoin Tailwinds, XRP ETF Buzz, and Banking Ambitions Momentum spilled over from Bitcoin’s surge above $125K, historically a favorable backdrop for large-cap alts like XRP. Traders also point to seven active spot XRP ETF filings slated for October decision windows, potentially binary catalysts for Q4, and Ripple’s application for a U.S. OCC banking license, which, if approved, could bolster institutional-grade custody, settlement, and on-chain liquidity services. In parallel, Asia hours showed persistent accumulation signals earlier in the week, with whale-linked wallets snapping up dips around $2.95–$3.00. $3.10–$3.30 Is the Battleground; $4.00–$4.20 on Break Technically, XRP’s structure retains a bullish tilt. Price is holding a fresh base around $2.95–$3.00, with the 50-day SMA near $2.93 and Parabolic SAR support around $2.74 cushioning downside. A multi-month symmetrical triangle from July looms overhead. Traders are watching a daily close above $3.12–$3.30 to validate breakout conditions. Clear that band on strong volume, and models point to $3.38 to $3.67 then $3.95, with extensions into the $4.00–$4.20 zone if momentum accelerates. Indicator-wise, RSI 54 leaves headroom before overbought, while a pending MACD bullish cross supports continuation. Derivatives are leaning constructive too, with open interest up 4% to $8.9B, signaling growing participation. The $950M Question: Can Bulls Absorb Supply? The main risk lies in renewed supply pressure, as exchange balances climbed from 3.45 billion to 3.85 billion XRP between September 26 and October 5, while ‘Age Consumed’ spikes suggest that some long-term holders have joined in profit-taking. If those tokens rotate into asks, bulls must defend $3.00 / $2.93 to prevent a drift toward $2.85–$2.75. Conversely, a swift soak of offers at $3.10–$3.30 would signal depth and likely trigger trend-following flows. Cover image from ChatGPT, XRPUSD chart from Tradingview

Monday's Trade Breakdown1-Hour GBP/USD Chart On Monday, the GBP/USD currency pair moved both upward and downward throughout the day. Traders failed for the third consecutive time to break above the 1.3413 level, and overall, the pound's movements increasingly resemble a flat market. For context, the EUR/USD isn't currently in a flat phase, but its movement is erratic due to frequent corrections and pullbacks, along with a lack of growth despite the end of the previous downtrend. The British pound lacked any major news on Monday. Bank of England Governor Andrew Bailey did speak, but he didn't provide the market with any significantly new or impactful insights. In the morning, the pound declined under the indirect influence of France's political crisis—not due to the crisis itself, but due to the euro reacting negatively and pulling the pound with it. In the second half of the day, the pound recovered, since neither the U.S. dollar nor the British pound had compelling reasons to strengthen or weaken. As a reminder, current fundamental and macroeconomic conditions generally support any currency over the U.S. dollar. 5-Minute GBP/USD Chart On the 5-minute timeframe, three trading signals were formed on Monday. During the European trading session, the price bounced twice from the 1.3413–1.3421 zone, providing solid justification for opening long positions. Within just a few hours, the price reached and eventually broke through the 1.3466–1.3475 area. As of Tuesday morning, the price remains above this zone, so long positions could have already been closed in profit, or left open with a target of 1.3529. How to Trade on TuesdayOn the hourly chart, the GBP/USD pair has completed the formation of its previous downtrend. As previously noted, there are currently no grounds for a sustainable dollar rally, so we expect the pair to continue its upward movement over the medium term. However, for now, the market is in a state of inertia or stagnation—almost frozen—with little meaningful price action. Trading can still be done using technical analysis on lower timeframes, but volatility remains low. On Tuesday, the GBP/USD pair may continue rising from the 1.3466–1.3475 area. If the price bounces from this zone, long positions may be opened with a target of 1.3529. A breakout below this zone would suggest a potential drop toward the 1.3413–1.3421 range. On the 5-minute timeframe, the key trading levels for Tuesday are: 1.3102–1.3107, 1.3203–1.3211, 1.3259, 1.3329–1.3331, 1.3413–1.3421, 1.3466, 1.3475, 1.3529–1.3543, 1.3574–1.3590, 1.3643–1.3652, 1.3682, 1.3763. No important economic events or reports are scheduled in either the U.S. or the U.K. for Tuesday. As a result, traders will have little to react to during the session. Core Trade System Rules:Signal strength is determined by the time it takes for the signal to form (a bounce or breakout). The shorter the time, the stronger the signal.If two or more false trades are made near a specific level, all future signals from that level should be ignored.During flat (sideways) markets, any pair may either produce many false signals or none at all. When early signs of a flat appear, it's best to pause trading.Trades should be opened between the start of the European session and the middle of the American session. After that, all trades should be closed manually.On the hourly timeframe, MACD indicator signals should only be followed if there is significant volatility and a confirmed trend (as indicated by a trendline or channel).If two levels are very close (within 5 to 20 pips), treat them as a support/resistance zone rather than individual levels.Once a position is 20 pips in profit, move the Stop Loss to breakeven.What's on the Charts:Support and resistance price levels – these are the target zones for entering buy/sell trades. Take-profit orders can be placed near these levels. Red lines – trendlines or trend channels that show the current market direction and preferred trade direction. MACD indicator (settings: 14, 22, 3) – the histogram and signal line serve as additional signal sources. Important speeches and economic reports (always listed in the economic calendar) can significantly affect currency pair movements. During their release, it's advised to trade with extreme caution or exit the market to avoid sharp price reversals against the previous trend. Final Note for Beginners:New forex traders must remember that not every trade will be profitable. Developing a clear trading strategy and practicing sound money management are essential for achieving long-term success in trading. The material has been provided by InstaForex Company - www.instaforex.com

Monday's Trade Breakdown1-Hour EUR/USD Chart On Monday, the EUR/USD currency pair continued to slide lower, despite breaking the descending trendline three times. Thus, we still believe that the local downtrend has come to an end. However, the price has failed to break above the 1.1754 level after six attempts. In our opinion, the US dollar still has no foundation for a medium-term rally, so we expect the upward movement in EUR/USD to resume in any case. The only question is — when? Currently, the market shows little interest in opening long positions, despite all necessary conditions being present. Monday's session didn't clarify much. From the start of the day, the euro declined due to a new political crisis erupting in France. However, we don't expect that event to have a prolonged impact on the euro, as France now sees political crises almost monthly, with another prime minister stepping down. Christine Lagarde's speech did not provide any new information to the market. 5-Minute EUR/USD Chart On the 5-minute timeframe, a single excellent trading signal was formed on Monday. The price dropped to the 1.1655–1.1666 support zone, bounced off it, and then climbed 35 pips, with more gains possible today toward the 1.1745–1.1755 range. This provided beginners with a great opportunity to open long positions and take profit from a successful trade. How to Trade on TuesdayOn the hourly chart, the EUR/USD pair has officially broken the trendline multiple times, meaning that the trend has formally shifted to bullish. The overall fundamental and macroeconomic backdrop for the US dollar remains negative, so we do not expect a strong rally from the dollar under any circumstances. As before, we believe the dollar can only expect short-term technical corrections, like the one currently occurring. On Tuesday, EUR/USD is expected to trade between 1.1745–1.1754, or possibly return to 1.1655–1.1666 if it corrects lower. A bounce from the first area would be a signal to enter sell positions targeting 1.1666. A bounce from the second area would be a signal to go long with a target of 1.1745. On the 5-minute timeframe, watch the following levels: 1.1354–1.1363, 1.1413, 1.1455–1.1474, 1.1527, 1.1571–1.1584, 1.1655–1.1666, 1.1745–1.1754, 1.1808, 1.1851, 1.1908, 1.1970–1.1988. On Tuesday, European Central Bank President Christine Lagarde is scheduled to deliver another speech. She has been speaking frequently recently and is set to appear three times this week. In most cases, however, these speeches do not contain any new or significant information. Core Trade System Rules:Signal strength is determined by the time it takes for the signal to form (a bounce or breakout). The shorter the time, the stronger the signal.If two or more false trades are made near a specific level, all future signals from that level should be ignored.During flat (sideways) markets, any pair may either produce many false signals or none at all. When early signs of a flat appear, it's best to pause trading.Trades should be opened between the start of the European session and the middle of the American session. After that, all trades should be closed manually.On the hourly timeframe, MACD indicator signals should only be followed if there is significant volatility and a confirmed trend (as indicated by a trendline or channel).If two levels are very close (within 5 to 20 pips), treat them as a support/resistance zone rather than individual levels.Once a position is 15 pips in profit, move the Stop Loss to breakeven.What's on the Charts:Support and resistance price levels – these are the target zones for entering buy/sell trades. Take-profit orders can be placed near these levels. Red lines – trendlines or trend channels that show the current market direction and preferred trade direction. MACD indicator (settings: 14, 22, 3) – the histogram and signal line serve as additional signal sources. Important speeches and economic reports (always listed in the economic calendar) can significantly affect currency pair movements. During their release, it's advised to trade with extreme caution or exit the market to avoid sharp price reversals against the previous trend. Final Note for Beginners:New forex traders must remember that not every trade will be profitable. Developing a clear trading strategy and practicing sound money management are essential for achieving long-term success in trading. The material has been provided by InstaForex Company - www.instaforex.com

Join OANDA Senior Market Analyst Kelvin Wong and podcast host Jonny Hart as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities, and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

[Platinum] – [Tuesday, October 07, 2025] With the RSI in the Neutral-Bearish area but both EMAs in a Golden Cross condition, Platinum should strengthen up to its nearest resistance in the near future. Key Levels 1. Resistance. 2 : 1699.0 2. Resistance. 1 : 1677.0 3. Pivot : 1655.0 4. Support. 1 : 1633.0 5. Support. 2 : 1611.0 Tactical Scenario Positive Reaction Zone: If #PLF breaks through and closes above 1655.0, there is potential to test 1677.0. Momentum Extension Bias: If Platinum breaks through and closes above 1677.0, it will likely continue strengthening to 1699.0. Invalidation Level / Bias Revision Upside bias weakens if Platinum declines and breaks through and closes below 1611.0. Technical Summary EMA(50) : 1650.4 EMA(200): 1619.4 RSI(14) : 44.50 Economic News Release Agenda: Today from the United States there will be releases of Trade Balance and RCM/TIPP Economic Optimism data (time to be determined). The material has been provided by InstaForex Company - www.instaforex.com

[Crude Oil] – [Tuesday, October 07, 2025] With the Death Cross condition of the EMA(50) and EMA(200), along with the RSI in the Neutral-Bearish zone, there is an opportunity for #CL to continue its decline today. Key Levels 1. Resistance. 2 : 62.70 2. Resistance. 1 : 62.21 3. Pivot : 61.61 4. Support. 1 : 61.12 5. Support. 2 : 60.52 Tactical Scenario Pressure Zone: If the price breaks down and closes below 61.61, there is a chance to continue its decline further to 61.12. Momentum Extension Bias: If 61.12 is breached and closes below that level, the price could move toward 60.52. Invalidation Level / Bias Revision The downside bias is limited if Crude Oil strengthens and breaks through and closes above 62.70. Technical Summary EMA(50) : 61.60 EMA(200): 61.82 RSI(14) : 49.44 Economic News Release Agenda: Today from the United States there will be releases of Trade Balance and RCM/TIPP Economic Optimism data (time to be determined). The material has been provided by InstaForex Company - www.instaforex.com

XRP price struggled to stay above $3.020 and $3.050. The price is now consolidating gains and might correct lower toward the $2.920 zone. XRP price is slowly moving lower below the $3.00 pivot zone. The price is now trading below $3.00 and the 100-hourly Simple Moving Average. There is a key declining channel forming with resistance at $3.0450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it settles above $3.050. XRP Price Faces Hurdles XRP price started a decent increase after it settled above the $2.820 level, but it underperformed Bitcoin and Ethereum. The price was able to surpass the $2.90 and $2.950 resistance levels. The price even climbed above $3.020 before the bears appeared. A high was formed at $3.098 and the price corrected some gains. The last swing low was formed at $2.950 before the price retested $3.050. The price is now moving lower below the 50% Fib retracement level of the recent wave from the $2.950 swing low to the $3.048 high. The price is now trading below $3.00 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.020 level. The first major resistance is near the $3.050 level. There is also a key declining channel forming with resistance at $3.0450 on the hourly chart of the XRP/USD pair. A clear move above the $3.050 resistance might send the price toward the $3.080 resistance. Any more gains might send the price toward the $3.120 resistance. The next major hurdle for the bulls might be near $3.150. Another Decline? If XRP fails to clear the $3.030 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.9720 level or the 76.4% Fib retracement level of the recent wave from the $2.950 swing low to the $3.048 high. The next major support is near the $2.920 level. If there is a downside break and a close below the $2.920 level, the price might continue to decline toward $2.850. The next major support sits near the $2.80 zone, below which the price could continue lower toward $2.720. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.950 and $2.920. Major Resistance Levels – $3.020 and $3.050.

On-chain data shows the Bitcoin short-term holder whales are sitting on their highest unrealized gain of the cycle after the latest rally. Bitcoin Short-Term Holder Whales Are Carrying $10.1 Billion In Profits As pointed out by CryptoQuant community analyst Maartunn in a new post on X, the Bitcoin short-term holder whales have seen their profits hit the highest point of the cycle. The short-term holders (STHs) broadly refer to the BTC investors who purchased the cryptocurrency within the past 155 days. These holders are considered to include the “weak hands” of the market, who tend to panic at the sight of volatility. In the context of the current topic, the STHs as a whole aren’t of relevance, but rather a specific portion of the cohort: the whales. “Whales” are defined as entities carrying more than 1,000 tokens of the asset in their wallet balance. The STH whales, therefore, would be the holders of this size who got into the market in the last five months. Bitcoin is currently trading at price levels it has never reached before in its history, so the STHs (barring those who bought at the weekend high above $125,000) would naturally all be in profit at the moment. An indicator that can highlight the scale of their gain is the Unrealized P&L, which measures, as its name suggests, the net amount of unrealized profit/loss that Bitcoin holders are carrying right now. Below is the chart shared by Maartunn that shows the trend in this indicator for the Bitcoin STH whales over the past year. From the graph, it’s visible that the Bitcoin STH whales fell into the red during the cryptocurrency’s decline in late September. But with the rally in the asset, the Unrealized P&L for the group has seen a sharp recovery into the positive region, rising to a high of $10.1 billion. The analyst notes that this is a cycle high for the metric. Given the weak nature of the STHs, it’s possible that these massive profits may entice some of these whales into exiting the market here. It now remains to be seen whether enough demand will keep coming in to absorb any such potential profit-taking. Speaking of the STHs, the current cycle has seen two large waves of coin transfer from the long-term holders (LTHs) to the STHs, as on-chain analysis suite Checkonchain has highlighted in an X post. “3.45M BTC has shifted to Short-Term Holders this cycle, rivaling 2016–17 in scale but at 100x higher prices,” notes Checkonchain. BTC Price At the time of writing, Bitcoin is floating around $124,600, up around 11% over the last seven days.

On Monday, the euro failed to close the opening gap. The price did not consolidate below the daily MACD line, and a long lower shadow formed—a sign that the market intends to close the gap in the near future. The price may rise further without signaling a stronger bullish rally and could reach the key level of 1.1779. A break above this level would open the way toward the upper boundary of the price channel around 1.1910. However, the Marlin oscillator remains unwilling to return to positive territory, which suggests that the potential for a price rally is somewhat limited. As a result, the 1.1910 target may stay out of reach. On the 4-hour chart, the weakness of the bulls suggests that the price may not break above the MACD resistance line (1.1740) on the first attempt. Likewise, the Marlin oscillator remains in the negative zone and is unlikely to support price growth before the end of the day. We expect the price to increase slowly. The material has been provided by InstaForex Company - www.instaforex.com

On Monday, the British pound attempted to slip further below the daily MACD line, but by the end of the day, a white candlestick had formed, rising 19 pips, and the price closed above that line. The Marlin oscillator is slowly approaching the boundary of the bullish territory, which suggests that the nearest target at 1.3525 may be reached by tomorrow. A breakout above this level will open the path toward the key resistance at 1.3631. On the four-hour chart, the price has consolidated above both indicator lines—the balance line and the MACD line. The Marlin oscillator's signal line has moved into positive territory. The trend is upward, and the 1.3525 target is now clearly in focus. The material has been provided by InstaForex Company - www.instaforex.com