BRIEFING Week #45 : What a FireworkHere's your weekly update ! Brought to you each weekend with years of track-record history..
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D-ETH
Ethereum: Bullish Targets of $10K to $15KETHUSDT Technical Anlaqysi update
Ethereum has been consolidating within a symmetrical triangle for approximately 1,500 days. This long-term pattern has seen the price consistently oscillate between support and resistance levels, gradually narrowing. Currently, ETH is rebounding off the triangle's support trendline and appears to be approaching the resistance level, suggesting the possibility of a breakout.
If CRYPTOCAP:ETH manages to break above this resistance, a strong bullish move could ensue, with potential targets around the $10,000 to $15,000 range. The breakout from this multi-year triangle formation could signify a significant upward trend for $Ethereum.
BINANCE:ETHUSDT BITSTAMP:ETHUSD BINANCE:ETHUSDT.P
TOTAL market cap chart screaming buy signalIf you're not long crypto I don't even know what the heck you're doing, if you call yourself a financial speculator...
Last time a signal fired in this timeframe it was in October 2023, at 1.15T market cap.
Upside to 5 to 9 trillion by July 2025 is in the cards.
Get long crypto!
Best of luck!
Cheers,
Ivan Labrie.
Alikze »» SOL | Bullish Flag🔍 Technical analysis: Bullish Flag
- In the last analysis presented, it was mentioned that an upward cycle is being completed.
- Currently, a cup pattern has formed on the weekly time frame after an upward rally, followed by a small valley.
- As you can see, after a zigzag correction in the liquidity zone, an ascending flag has also been formed.
- Therefore, by maintaining the area and breaking the channel, it can experience another growth equal to the height of the rising wave.
💎 Also, note that if the $100 range is broken and there is a stabilization below it, it should be re-checked and updated.
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BINANCE:SOLUSDT
Bearish reversal?Ethereum (ETH/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which acts as an overlap support.
Pivot: 3,386.40
1st Support: 2,863.34
1st Resistance: 3,889.27
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Continuation of the altcoin bull run in the new weekTo date, the market has moved to the main movement of the quarterly candle, in anticipation of which purchases have been going on all last month. I have outlined the goals for bitcoin in previous reviews, it is 90-100k by spring, with the reaction of the altos after fixing the cue ball above 75k. On the air, I think the situation will be more difficult, because I expect the continued growth of the dominance of the cue ball. At the moment, after opening the month above 2500, we headed for the test of the 3000-3250 range, which I designated as the target. Further, the dynamics are likely to become more complicated. From 3250-3400, there is a possibility of a rather sharp correction for a retest of 3000. But the growth interval at the moment is the first half of the month at least, and therefore, from the middle of the week, I think growth will resume with an attempt to test the key level of 3500, opening the way to 5000.
The fate of the monthly candle will be decided after the middle of the month has passed and, given the opening of the month in the flat zone below 2750, there is a possibility of a major pullback as part of a correction on the monthly schedule. That is, after the growth next week, I recommend taking a closer look at the market and money management, reducing positions by the end of the week. Since the probability of growth prevails until the end of the year, after a monthly pullback, purchases can be expected to resume by the end of the month with the trend continuing in December. This week, the reaction of the altos to the entrenched trend of the cue ball began, but in the coming week we can expect more intensive purchases after a possible pullback at the beginning of the week.
After the prolonged fall of the altos, the current breakouts are a movement against the bearish trend and indicators, which makes the growth rather short-term and unstable. This dynamic makes many altos quite dangerous, because in the absence of a breakdown in the wake of market growth, coins can continue the formed bearish trend with taking lower levels.
The coins that I considered for work, regardless of the market, there is a very good dynamics. Almost everything provided good earning opportunities. At the moment, another delisting has taken place and in anticipation of a new announcement, I recommend avoiding working with coins of the monitoring tag in the first half of the week because they may get into the next delisting. Starting from Wednesday afternoon, oax and vite can be considered again. Pros has worked out the target on a retest of 0.75 and is quite overbought, so far I am not considering it for work. Firo and akro can also show an increase of up to 50%+.
Among the more reliable options for working without a monitoring tag, vib and ast remain the most interesting, with a growth potential of up to 50-70% from current levels at least. Ast has an incomplete emission and has been delisted from okx, which is why it is worth working with it more carefully than with vib. Given the delisting from another exchange, I think ast may be assigned a monitoring tag in the future, which will lead to a sharp drop.
Along with vib, I consider gft as the main tool for work. Despite the monitoring tag, the token has great liquidity and growth potential with targets at a retest of 0.025-35 at least.
Ethereum: MACD Signals Potential Bullish! ETHUSDT weekly chart is currently showing a significant bullish signal, The MACD indicator has just completed a bullish crossover, where the MACD line crosses above the signal line, indicating a potential shift in momentum from bearish to bullish.
Historically, whenever similar crossovers have occurred on the weekly chart, ETH has often experienced strong upward movements in the following weeks and months. Adding to this positive outlook, the MACD histogram has turned green, reflecting an increase in bullish momentum as the distance between the MACD line and the signal line widens. This is a strong indication that buying pressure is supporting the signal, suggesting that ETH could be on the verge of a substantial bullish move.
Will ETH repeat BTC's strong upward move?ETH in a key place, currently fighting with strong resistance at the level of $3,247, this is a key place before the upward movement to around $3,561, which is the last place before the movement towards a very strong resistance zone from $3,948 to $4,102, which is a key place before the establishment of the new ATH.
Looking the other way, there is currently a strong upward movement, which may give a moment of relief and here there is support at $2,816, then there is strong support at $2,546, and then the price could go back even to around $2,117, which in the current situation is an unlikely move at this point.
Weekly BTC forecastThis is only my current analysis relying on assumption.
There is still wide open area where it could hit later.
This is only analysis to give you an idea for helping your scenario trading.
Please remember always make the trading plan then initiate placing the position as your scenario meet your trading system AND confirmation. also please set up the SL.
Potential c&h on ETHUSD would have a target around 7kFor now this is just a speculative cup and handle pattern, plenty of them have gotten to this level and even completed the handle with a candle or two above the rimline of the cup and still ended up falling and eventually being nullified, so there’s no absolute guarantee this will play out this way. However, as it seems we may be now entering phase 2 of the bull markets uptrends, It is certainly probable this could very well play out just like this. The channel ether is just now breaking up from that I posted a chart on the other day(which. Will link below) has a big enough breakout target/measured move that it should bring price action up above the rimline of its bigger cup and handle pattern here. We will see soon enough I’m sure. Only thing I see prolonging such an outcome would be some sort of unforeseen black swan. *not financial advice*
ETH Price Holds Steady at Key Support LevelETHUSDT Technical analysis update
ETH price has been trading within a triangle pattern for the past 85 days, with multiple touches on both the resistance and support lines. A breakout is likely soon. If the price breaks above the resistance line, a strong bullish move could follow. However, if it breaks below the support, the price may drop to the $1,800 - $2,000 range.
ETH price has formed a triangle pattern at a strong 2-year support line.
In weekly charts 100 and 200 EMA acts as a strong support for ETH.
Currently, the ETH price is trading at a strong support level, indicated by multiple technical indicators. We can expect a bounce from this level after a few days of consolidation
Regards
Hexa
The point of interest is whether it can escape the box section
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(USDT.D 1M chart)
I think that in order for the coin market to start a bull market, it must fall below 4.97 and be maintained or show a downward trend.
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(BTC.D 1M chart)
At this time, in order for the altcoin bull market to start, I think that BTC dominance must fall below 55.01 and be maintained or show a downward trend.
If BTC dominance rises, it means that funds are concentrated towards BTC, so most altcoins are likely to gradually move sideways or show a downward trend.
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(ETHUSDT 1D chart)
For that reason alone, the rise of ETH is significant.
Since all coins (tokens) other than BTC can be classified as altcoins, the rise of ETH, which ranks second in market cap after BTC, can be considered the prelude to the altcoin bull market.
Therefore, if it rises from the current box range (2273.58-2706.15), I think it is highly likely that the altcoin bull market will begin.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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#ETH (SPOT) entry range( 2330- 2530)T.(3380) SL(2310)BINANCE:ETHUSDT
entry range ( 2330- 2530)
Target1 (3080) - Target2 (3380)
SL .1D close below (2310)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT # IDEX #NEAR #ICP #ETH ***
Unstoppable Alt Season Ahead: Is Eth Ready to Outshine BTC ?The ETH/BTC chart suggests that Ethereum (ETH) is potentially on the verge of a major upward movement, particularly if it follows historical patterns. Currently, Ethereum's price against Bitcoin has been in a downtrend since August 2022, trading within a descending channel. This decline aligns with Bitcoin's growing dominance, largely driven by the interest in Bitcoin ETFs. However, Ethereum has a significantly smaller market cap compared to Bitcoin—roughly one-third—which means that each dollar invested in ETH could have a threefold impact on its price compared to Bitcoin. If the same amount of funds currently flowing into Bitcoin ETFs were to enter Ethereum, ETH's price could experience a much larger percentage increase than Bitcoin.
A key feature of this chart is the long-standing blue trendline that has existed since 2015, marking significant support levels for ETH/BTC. Each time ETH has reached this trendline, it has been followed by an "Alt Season," a period where altcoins, including Ethereum, have outperformed Bitcoin. This pattern was observed in both the 2016/2017 and 2020/2021 cycles, where touching this trendline signaled the beginning of substantial gains for Ethereum. As ETH approaches this trendline again in 2024, it suggests that another Alt Season could be on the horizon for 2024/2025, setting the stage for ETH to gain strength against BTC.
The chart's implication is that ETH could soon reach a cyclical bottom relative to Bitcoin. With the potential for increased institutional inflows into Ethereum, such as through an Ethereum ETF, each dollar invested in ETH could generate a more pronounced impact on its price. This amplification effect, combined with historical price patterns, supports the idea that Ethereum may be primed for a strong performance in the coming cycle.
While the general market sentiment around altcoins is currently low, with many investors losing hope, this chart suggests that this may be an ideal time to be optimistic about altcoins. If Ethereum follows its previous cycles, this period could mark the beginning of an altcoin resurgence, making it a potentially opportune time for altcoin investments.
Ethereum Retail Investor Count Surges by 3.3 MillionEthereum Retail Investor Count Surges by 3.3 Million: The Road to an Altcoin Bull Run?
Analyzing Changes in Ethereum's Retail Investor Count
Over the past 60 days, we’ve observed a notable increase in the number of Ethereum retail investors. While the percentage increase may seem modest at 2.77%, this translates to approximately 3.3 million new retail addresses. With this rise over the past two months, the total number of retail investor addresses has reached 125.18 million.
Could Retail Investors Be the Catalyst for a Bull Market?
To answer this briefly: Yes.
In a bull run, new investors entering the market are expected to drive a significant increase in demand. When supply is limited or relatively scarce, as with Ethereum, this demand surge is anticipated to lead to a substantial price increase. Given that Ethereum is often seen as the “father of altcoins,” this trend holds even greater importance.
Why Is This So Significant?
The Key to an Altcoin Rally: Ethereum
Recently, Ethereum's price performance has lagged behind Bitcoin. In the last six months, for example, Bitcoin has gained 33%, while Ethereum's return has only been 10%. This discrepancy has left many altcoin investors disappointed. However, with Bitcoin dominance receding, we’re seeing Ethereum come back into the spotlight. Over the past week, while Bitcoin has risen around 19%, Ether has gained over 29%.
Following Ethereum's rally, the entire altcoin market is experiencing a period of relief and upward movement. This is why Ethereum's price trends and volatility are crucial for a potential altcoin bull run. Monitoring on-chain data here can provide critical insights.
How Can We Track This Data?
Conclusion
Through the IntoTheBlock & TradingView collaboration, you can track Ethereum's retail investor count under the "ETH_RETAIL" metric.
Observing whether there’s a corresponding increase in retail interest following the recent price surge can offer insight into the rally’s sustainability. If there’s no notable rise in the retail investor count, expecting a strong, lasting bull run might be overly optimistic. Thus, on-chain data sometimes serves as a leading indicator, and at other times, it confirms trends.
Thank you for reading.