The price is now retesting the trend line and if it can hold above this level, we may see a nice bullish rally. Consider opening small long positions here with tight trailing stops. Main resistance area: $1.675-1.805
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Altcoins offer diverse use cases like faster transactions, privacy, and unique consensus mechanisms. Popular ones include Ethereum for smart contracts, Litecoin for faster payments, and stablecoins like Tether for price stability, allowing portfolio diversification and exposure to innovative blockchain technologies.
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According to Luuk Strijers, CEO of cryptocurrency exchange Deribit, Ethereum options data indicates a bullish market trend, with call options more expensive than puts across all maturities, signaling traders expect ETH prices to rise.
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