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Ethereum Libra Formation In Play: ETH’s Next Big Move Could Be Loading
newsbtc56d ago

Ethereum Libra Formation In Play: ETH’s Next Big Move Could Be Loading

Ethereum is quietly setting up for a potentially decisive move as the Libra formation remains active on the weekly chart. While confirmation is still pending, the structure has not been invalidated, keeping the upside scenario firmly on the table. With key resistance levels overhead and momentum beginning to stabilize, ETH may be entering a critical phase where the next major directional move starts to take shape. Weekly Libra Formation Keeps The Bullish Case Alive On the X platform, Kamile Uray highlighted that Ethereum is currently forming a Libra pattern on the weekly chart. With the weekly candle yet to close and no invalidation so far, the bullish formation remains active and continues to be a valid scenario. Related Reading: Ethereum Bulls Must Conquer $3,050 Or Momentum Quickly Fades According to the update, confirmation of a reversal would open the door for a move toward the $4,956 high, but the price may face notable resistance along the way, particularly around the $3,445 level. Kamile Uray noted that a daily close above $2,475 would serve as the first technical signal that upside momentum is strengthening and that the recovery could continue. Failure to sustain movement above this area could delay further progress and keep the price vulnerable to pullbacks. Since the Libra formation is developing on the weekly timeframe, the pattern would only be considered invalid if Ethereum breaks below the $1,388 low, underscoring the broader, long-term nature of the setup. Ethereum Stretches Higher At $2,086 After A Sharp 22% Run According to Can Özsüer, Ethereum is currently trading around $2,086, marking a strong rally from the $1,730 area. From that level to the current price, ETH has surged roughly 22% without a meaningful correction, which increases the likelihood of short-term profit-taking. After such a sharp move, light selling pressure typically emerges as the market cools off. Related Reading: Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean? Can Özsüer notes that any selling from this region is expected to remain controlled rather than aggressive. The ideal pullback zone lies between $1,950 and $2,000, where the price could reset without damaging the broader bullish structure. A dip into this range would be considered healthy and could set the stage for the next leg higher. Once that corrective move plays out, the next upside objective comes in around the $2,200 level. However, if price pushes straight toward the target without offering a pullback, the strategy would need adjustment. In that scenario, chasing a long position becomes less attractive, as a stronger selling wave could follow once the target is reached. If a correction does materialize, Can Özsüer suggests that a long position on the pullback would be the preferred approach. Featured image from Pixabay, chart from Tradingview.com

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ElectionBuddy Receives Capterra Best Value Award
openpr56d ago

ElectionBuddy Receives Capterra Best Value Award

ElectionBuddy announced that it has been recognized as a leading cloud-based voting platform, as a "Best Value" software in the Polling category for 2026 on Capterra. This distinction identifies the software solutions that users rate most highly for offering exceptional

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Sam Altman defends OpenAI’s ad strategy after Anthropic’s Super Bowl criticism
startupnews56d ago

Sam Altman defends OpenAI’s ad strategy after Anthropic’s Super Bowl criticism

OpenAI CEO Sam Altman has sharply criticised advertising-led artificial intelligence (AI) strategies, taking an indirect swipe at rival Anthropic over its recent campaign and calling ads inside AI products a “crazy dystopic” idea. Challenging the approach, Altman said, “using a deceptive ad to criticise deceptive ads something doesn’t sit right with me about that.” While [...]

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Finding screen-life balance for seniors
thestar_my56d ago

Finding screen-life balance for seniors

As screen use rises among seniors, experts say the real challenge is not whether to use digital tools, but how to use them well. Read full story

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Senate Backs Tinubu’s $7.7tn Halal Economy Nigeria Drive
ghanamma56d ago

Senate Backs Tinubu’s $7.7tn Halal Economy Nigeria Drive

The Senate Committee on Finance has thrown its weight behind President Bola Tinubu’s unveiling of Nigeria’s National Halal Economy Strategy. The committee hailed it as “a bold and strategic move to position the country within the lucrative global halal market, estimated at $7.7 trillion.” In a Saturday statement shared with PUNCH Online and signed by [...]The post Senate Backs Tinubu’s $7.7tn Halal Economy Nigeria Drive appeared first on Ghanamma.com.

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