If #Spell rebounds from the $0.000255 double bottom, we | Pelin Ay on Binance Square

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If #Spell rebounds from the $0.000255 double bottom, we could have a good long opportunity in the futures. $SPELL 

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For Ethereum, I think the peak will be between $3,350 and $3,700. Then, the decline will continue. I predict a bearish bottom around $900. #Ethereum $ETH

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Bitcoin's expected scenario continues. I expect it to first reach $102,000 and then continue to decline. The miner cost is between $51,000 and $57,000. During the 2021 bull run, the miner cost was $29,000, and the price fell to $14. That is, it fell below $15,000. If a similar decline occurs again, the $36,000-$42,000 range will be the bottom of the bear season. #bitcoin $BTC

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Last week, $DYX, which had been short-correlated with #Bitcoin, returned to its normal course and began falling as #bitcoin rose. It's clear this decline will fall to 98.16. However, I believe it will then reverse upwards. This is because $BTC will likely find a peak and then fall. I expect this peak to reach $102K this week, but it appears to be relatively low volume. I'm keeping a close eye on the short.

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Ethereum Binance Reserves Rising The chart clearly shows that the Ethereum Exchange Reserve has been in a continuous downtrend, particularly since July 2025. This decline reached levels of 3.8 million by the end of November, the lowest level in recent months. The fact that the reserve never fell below $1.4K indicates that the ETH price has formed a strong base around $1.4K. The price never dropped below $1.4K, and aggressive buying followed each test. This movement demonstrates that the 1.4K level is a strong support level in terms of supply and demand. While this base level has been maintained, the continuous decline in reserves during the same period should have positively impacted the price, but the price has actually decreased proportionally to the reserve. I interpret this as a rallying cry for whales at $1.4K. Therefore, any hold above 1.4K may be paving the way for the start of a temporary upward trend. The final section of the chart shows a small but significant upward movement in the reserves after the sharp decline. This means that ETH withdrawn from Binance is being held in cold wallets, not sold. Small increases in reserves, however, transfer ETH held in wallets to the exchange for purchase. This is typically a move that sends ETH to the exchange for sale during a rally following a bottom confirmation. In other words, there are investors willing to sell during the initial upward movement. This indicates that ETH, which fell from $4,950 to $2,600, has found a temporary bottom and is expected to rise to $3,325. The downtrend will then continue, with the price aiming to reach the base support of $1,400. SMA30 and supply pressure are converging at $1.6K. This area will be a test of strength for the uptrend. Even if sharp spikes occur at $1.4K, I believe buyers will emerge within this range. $ETH

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