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Ethereum Price Analysis: What’s Ahead for the ETH Price in the Next 24 hours?

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The post Ethereum Price Analysis: What’s Ahead for the ETH Price in the Next 24 hours? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Ethereum displays the possibility of a long squeeze as the asset appears to have pushed for an early rebound. Earlier, the asset failed to hold the upper resistance above $1700 which indicated the exhaustion of bullish momentum. However, it was believed that the plunge could drag the price lower towards the local support at $1550. But the recent price reversal signals mounting strength in the rally. 

The current trend reversal may certainly appear to be pretty bullish but in the meantime, the pattern may flip into a long squeeze, especially if it lacks bullish momentum. If the current upswing is organic, then the asset should either retest the immediate highs at around $1730 or try to flip these levels forming new highs. If the price trembles down at any moment during this rally, the price may drop heavily close to the immediate support.

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If in case the bulls maintain their strength then the chances of the asset reaching beyond $2000 appear to be pretty high. Conversely, the fear of the long squeeze may be nullified, if the ETH price fills the gap around $1470. In such a case, the market participants may even drag the price lower to test the July lows below $1400 which may trigger a trend reversal. 

However, the investors who went long on the Ethereum (ETH) price rally may face some losses which may be short-lived.The price may hit the lower support just below $1300 before igniting a strong rebound to test the upper target at around $2000 in the coming days.

Web3 Platform FrontFanz Welcomes Over 100 More Creators To Their Platform

Polygon-based Web3 startup FrontFanz has secured a new wave of content creators for its platform, the firm announced via a recent press release. Front Fanz is a Web3 content subscription platform that deploys a censorship-resistant model where content creators can create content, engage fans, and grow their brand without fear of demonetization. The platform unveiled::Listen

Web3 Platform FrontFanz Welcomes Over 100 More Creators To Their Platform

Polygon-based Web3 startup FrontFanz has secured a new wave of content creators for its platform, the firm announced via a recent press release.

Front Fanz is a Web3 content subscription platform that deploys a censorship-resistant model where content creators can create content, engage fans, and grow their brand without fear of demonetization. The platform unveiled the onboarding of new creators as launch approaches.

FrontFanz Onboards 100 More Creators

FrontFanz disclosed it has topped its list of creators with 100 more creators that will be joining the platform at launch.

According to the platform, the new set of creators it acquired represents the next wave of content creators who have abandoned their traditional platforms and are making the jump into Web3 through FrontFanz. FrontFanz has adopted features of privacy, anonymity, and zero censorship to enable it to serve users better.

Per the announcement, FrontFanz leverages the support from Polygon to bring content directly to users and break away from the banks, payment processors, and other vendors who have restricted platform access to the creators they deem acceptable.

FrontFanz is set to launch in the next quarter of 2022. This will see the platform providing users with several features that creators and fans are used to. Some of these features include subscription-based videos, direct messaging, and tipping. Other features like live-streaming, facetime, NFTs, creator coins, and governance will also be added.

The native token of FrontFanz is dubbed $FANZ. The platform unveiled it will allow $FANZ holders to vote on upcoming platform upgrades. Moreso, the platform, with its $FANZ token, will enable users to create an account without username, email, or credit card information. Meanwhile, creators can as well monetize their brand and engage with their audiences with zero fear of videos being taken down, demonetized, or de-platformed at the same time.

Ethereum Price Analysis: What’s Ahead for the ETH Price in the Next 24 hours?

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