February 21, 2024

After a stellar start to the year, leading altcoin and second-largest cryptocurrency ethereum (ETH) is starting to show strong bearish signals. This has traders and investors looking elsewhere for promising investment opportunities.

There is no shortage of investment opportunities in the crypto industry, but one cryptocurrency that has caught their attention is spark (SPRK), a token that offers people the opportunity to invest in gold.

Ethereum (ETH) Shows Bearish Signal

Ethereum (ETH) showed a decidedly bullish sentiment at the start of the year as the cryptocurrency market entered a new bull cycle.Ethereum sparked the start cottage season Because it has outperformed Bitcoin (BTC) in the aftermath Chapella emission. However, these calls were short-lived as regulatory pressure and debate over ETH’s status led to bears taking over the market.

Ethereum (ETH) attempted to bounce off the $1,820 area but struggled to break through the $1,850 resistance just like Bitcoin (BTC). It reached $1,889 and fell again, breaking below $1,820 and forming a fresh one-week low near $1,807. Currently, Ethereum (ETH) is consolidating losses below $1,900 and the 100 hourly simple moving average.

There is an important bearish trend line forming with resistance near $1,845 on the hourly chart of ETH/USD. Immediate resistance is near the trend line and the $1,845 area, which is close to the 50% Fib retracement level of the recent decline from $1,889 to $1,807.

The next major hurdle for Ethereum (ETH) is $1,860 or the 61.8% Fib retracement level. If Ethereum (ETH) manages to break above this level, a move to $1,900 is possible, with the main resistance remaining at $1,920.

A bullish rise is possible if the bulls manage to push Ethereum (ETH) above $1,920, which could lead to a move towards the $2,000 resistance. Further gains could lead Ethereum (ETH) to test the $2,080 resistance.

spark (SPRK): Your Chance arrive Invest in precious metals

spark (SPRK) is a blockchain-based Web3 platform designed to enable trading of precious metals such as silver, gold and platinum. Its main goal is to make these rare metals more accessible, especially for retail investors.

To achieve this goal, spark The intention is to use non-fungible tokens (NFTs) to diversify investments, allowing investors to purchase small amounts of precious metals that fit their budget.

The precious metals industry is a lucrative one with a market cap of over $14.99 trillion. Gold has the highest market cap at $13.3 trillion, followed by silver at $1.42 trillion and platinum at an estimated $273 billion.

in an industry of this size spark The potential for 4,000x growth makes it one of the most promising investment opportunities for investors and traders and has the potential to become one of the top 100 cryptocurrencies.

spark currently in its Pre-sale stage, offering tokens at $0.015. This is a great opportunity for cryptocurrency enthusiasts and early investors to join.

learn more about spark Pre-sale:





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