Episode Summary

Today On Crypto Daily:

You asked we answered! Is It Too Late To Buy Ethereum?

• Bitcoin
• Ethereum
• Dogecoin
• Solana

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Unedited Transcript:

Hey everybody hope you had a wonderful weekend. My name is Joe Dewitt, and this is crypto daily. The us securities and exchange commission just approved Valkyries Bitcoin ETF last Friday, which was publicly traded on the NASDAQ us securities and exchange commission approved Valkyries in.

Bitcoin ETF that is being traded on the NASDAQ on that was approved last Friday. Bitcoin price movement has been great. Um, we came down to that 61 60,000 area we've been bouncing in there for two or three days. Um, price has been stagnating. We've been coming down from that all time. High people are hesitant.

We're trying to figure out if this is the play or not. Um, overall Bitcoin sentiment is good. If we can get back to that 64,000 levels zone, the bullish trend will be, um, will be verified and we'll be up to new all-time highs looking to target around 80,000. And if we stay in this zone, Bitcoin will most likely fall down to that 58 for a retest taking a look over at Ethereum, Ethereum looks to rally behind Bitcoin.

It is yet to push that all time high. Uh, we've been consolidating and the upwards direction actually, uh, for about 1, 2, 3, 4, 5 days now, um, bouncing between that 4,000 4,100, ideally we break out of this consolidation and head up to that 4,300, uh, area and break that all time high. Um, it will be dependent on Bitcoin price movement.

And if we can, uh, get back to that, that resistance level, um, if not a theorem is going to be falling to the support of 4,000 and potentially below to the 50 day moving. And I want to go ahead and answer a question that we have here. Um, is it too late to buy Ethereum? Keep in mind guys, this is not financial advice.

Just my opinion. Uh, it is absolutely not too late to buy Ethereum, considering that it is the most prominent layer one solution, um, very, very reputable, and they have not switched yet to their proof of stake mechanism. Um, considering that that is yet to be done. There is still plenty, plenty of room for growth with Ethereum, um, in years to come.

Also the amount of decentralized applications being built on the Ethereum network show. Absolutely no sign of slowing down. I'm out. I expect developers to continue building on Ethereum for quite some time. Now, taking a look at doge coin, doge coin looks a lot better than it has been. Um, it looks like price could begin to start moving.

We were bouncing off of that 50 day, moving out. Yesterday. We actually had a slight breakout from the 24 cents up to that 28 cents. Nothing crazy, but bouncing between that 50 a day, moving average to that 200 day moving average, we'd Scott stopped right there that 200 day using that as resistance and today price has been down 5%.

Uh, we'll be looking back to that 50 day, moving. If we can bounce off their, up, back to 25 cents and taking a look over at Solano, Solano looks absolutely incredible. Um, this is an absolutely textbook chart. It bounced off of that 50 day moving average. Um, this was the 21st. So that was Thursday since then.

Price has climbed above a resistance of 1 74. Uh, we have bounced up past that range into the one eighty five, two hundred and fifteen zone price. Got up to an all time high, just barely touching that $215. Just shy a couple of cents of the all time high. We are currently sitting at $208. Um, by the look and momentum of this chart out, expect us to, uh, break that all time high in a matter of just a few days, if not price, we'll bounce off of that two 15 resistance, and we will target back to the $180 zone.

That's all the time we have today. Guys, thank you so much for listening. Make sure to follow and subscribe to our podcast, which will all be in the description below. Thank you so much. 

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