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Eth2

Proof-of-Stake Coins Are Now Winning Web3. Can Bitcoin Survive?Along with the "decoupling" event that happened on Friday, Ethereum's announcement of the ETH2/Consensys/Merge coming up in August is likely to create some waves in the crypto space as the date approaches - not only will it affect the ETH ecosystem itself, there's a chance that it could have significant ripple effects on the tokens minted on top of it as well. Over the years there has been, however, a general trend towards Proof-of-Stake systems gaining more favorability, especially among DeFi projects - because of its greater efficiency and ease of use. After the merge, Bitcoin may be the only project left on the charts that is using the Proof-of-Work model - what does this mean for Web3 and crypto spaces longer term?
Long
by RyanTanaka
ETH2 "Merge" to Come in Aug. ETH/XTZ Rivalry Renewed?The Ethereum Foundation announced a soft-deadline for the long-anticipated ETH2/Consensys/"Merge" - which will move ETH's current proof-of-work systems over to proof-of-stake. DeFi and finance people tend to prefer PoS over PoW as an economic engine since it's more similar to how the banking industry operates. It also had the added benefit of being more secure, energy efficient, and easier to understand. The ETH team may have been feeling the pressure to do the migration sooner than later due to high gas fees having chased a lot of the developers and artists in the ecosystem off the chain - but may have been bogged down by speculators and miners who did well during previous runs and don't want things to change. The migration to PoS this summer needs to be smooth and without incident if the coin wants to maintain its long-term lead. But since they're dealing with legacy PoW systems that may or may not lead to complications down the line (on top of the politics of it all), we don't know how things will actually turn out. ETH's validator systems (XTZ has a similar system called "Baking") currently requires a massive 32 ETH investment - of which you have to sign a waiver agreeing that there is no definitive date where you might see your money back. In theory, post-merge the initial validators *should* be able to withdraw from the system but if this happens en-masse it could potentially spell a disaster for the project as a whole. A lot depends on how the ecosystem develops post-merge. (Though there is - to be fair - the potential for interest rates to shoot up in order to compensate for its loss.) Another worry for ETH is what will happen to the price post-merge - in theory, the system itself will "burn" its money supply to keep prices high, but in crypto utility coins and speculation coins are often correlated in an inverse manner. The team reassures investors that their money is safe, but given the new and unprecedented nature of this "merge", there still are no guarantees. In the meanwhile projects like Tezos (XTZ) - which has been proof-of-stake from the very beginning when it was proposed in 2014 - have been making moves both in the Web3 space and in the markets - one of the few coins this week that managed to remain in the green. It's also one of the chains that artists, developers, and businesses have flocked to after ETH's gas fees started becoming untenable, and we see signs that lesser known projects like these are starting to become more "viable" in recent months. Tezos' protocol was designed specifically for stability - it doesn't require hard-forks for upgrades, offers staking rewards (4.63% on Coinbase for merely holding it - ETH2 currently offers 3.675%), and has historically always had low gas fees, even during the craze of last year. Many people - especially in the arts and NFT spaces - have noticed and have migrated over. (e.g. https://teia.art, objkt.com.) The two chains historically have always had a rivalry of sorts, back when Ethereum decided to go with PoW, whereas Tezos decided to go with PoS as its Layer-1 from the very beginning. Tezos has remained mostly quiet during the bull runs of the last few years, but as the merge date gets closer, we might start to see this old rivalry re-emerge again.
Long
by RyanTanaka
$ETH/USDT 4h (#BinanceFutures) Descending channel on supportEthereum looks good for a bounce back on demand zone / 200MA for a move towards 50MA. Current Price= 3074.42 Buy Entry = 3074.01 - 3000.33 Take Profit= 3215.95 | 3350.59 | 3455.31 Stop Loss= 2887.57 Risk/Reward= 1:1.2 | 1:2.1 | 1:2.8 Expected Profit= +17.67% | +30.96% | +41.31% Possible Loss= -14.79% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 3x Estimated Gain-time= 2 weeks Tags: #ETH #ETHUSDT #Altcoin #PoW #Mining #Eth2 #PoS #Staking #SC #DApp #Governance #DeFi #BSC #BC #SolEco Website: ethereum.org Contracts: #Mainnet #BEP20 0x2170ed0880ac9a755fd29b2688956bd959f933f8 #BEP2 ETH-1C9 #SPL 2FPyTwcZLUg1MDrwsyoP4D6s1tM7hAkHYRjkNb5w6Pxk
Long
by TradingOn
ETH's "Burn" Model and its Relationship with Politics/CharitiesIn today's inflationary economy where money printing reigns supreme, the idea of "burning" money to maintain a currency's worth stands out as counterintuitive and different. It's also highly illegal - creating your own money supply (counterfeit) or destroying them are usually both felony offenses in most fiat systems right now. In a way the ability to control a currency's money supply is the biggest draw of crypto on a fundamental level. What happens when we give that power to the people instead of relying on the government to do it for us? When the recession hits later this year, people are going to have a lot of time to ponder that question further. Vitalik Buterin, to his credit, paved the way towards a "burn charity" model. The "fairest" way to redistribute wealth isn't to start a nonprofit or charity - it's for people to simply destroy their wealth and remove it from the ecosystem. This makes everyone else's money worth a little bit more as a result, always in favor of those who have less. In a way, it functions like an Universal Basic Income, raising the economy from the bottom up, as Andrew Yang claimed during his US presidential run in 2020. (Vitalik supports UBI too btw.) It is the "fairest" way to redistribute wealth. The "burn charity" model gets interesting when applied to politics and sociology because it highlights the fundamental problems with human nature in a very clear way. If the end goal is to destroy money supply, it explains why people might get appealed to violent ideas such as "eat the rich" or the destruction of private property - it is striving towards that same idea of redistribution of wealth through the destruction of money in itself. (Luckily in crypto, we can do this in a peaceful way, which politicians should be talking more about, imo.) On the flip side, fiat has always been against "burn charities" -- you can't create nor destroy fiat money (not that there's a strong will to do that right now by anyone) and the problem with redistribution through taxation is that the government can't be trusted to handle the money in a responsible way. (A "fair" government would take money they seized/collected and simply destroy them, not keep them, imo.) All of these ideas seem outlandish and radical to our sensibilities right now, which might explain the reasons why good ideas like UBI has had trouble passing in political arenas, despite its popular appeal. People intuitively know that it's a good thing, but often can't explain why. But maybe the idea of "burn charities" might get us a little closer to what we want. Couldn't hurt, either way. And crypto is the ideal place to experiment with these ideas that are untenable in the real-world due to political realities right now. But I hope that the #Web3 folks will see the opportunity that's there and push the envelope further - it may be our only hope, after all. 🙏 twitter.com
Long
by RyanTanaka
1
ETH is complicatedI believe BTC is going to continue a downtrend to the approx. $13,500 mark, which I outlined in a recent chart. The TA seems fairly straight forward considering the current situation within the US Financial markets (inflation, interest rates increasing, uncertainty of FED regulation, etc). ETH is a bit more complicated because it has a use case outside of a store of value. Provided, the current 'use case' is the equivalent of trading digital beanie babies, which on their own hold no true value. Having said this, there are use cases for the technology. It just may not be rooted in Jpeg images of 'punks' smoking cigarettes, apes in space costumes, or whatever inane thing someone wants to burn their money buying. Now, ETH has always had an issue. The use goes up and in exchange so do gas prices. Interestingly enough, if ETH were to crash to the point of BTC, ETH would become less expensive to use; assuming demand/use/price are directly correlated. This decline could open up opportunity for better development of ETH2.0, because the traffic within ETH would be reduced. This is where ETH gets complicated. A BTC drop pulls the market down. ETH would likely follow suit as it always tends to do. A drop in ETH would reduce the demand for NFTs, because their values are more often than not attributed to the value of ETH. This would mean less use of ETH, because NFT demand would drop as people find safer havens for their money. However, ETH would then become less expensive to use, which could in turn increase the volume of people using ETH, because it would then be more affordable dealing with gas prices. ETH can realistically drop a long ways down before it's use case can be rediscovered by people wanting to get in on using the technology. It has retraced 95% in the past and there is nothing to suggest it cannot do the same. Meaning, don't be surprised if you see a <$250 ETH, before ETH2.0 launches.
COINBASE:ETHUSD
by HoldenTC
$ETH/USDT 3D (Binance Futures) Ascending triangle break & retestEthereum bounced on 50MA / ascending TL support and has formed a bullish flag, let's catch next dip for a mid-term swing! Current Price= 4152.58 Buy Entry = 4006.05 - 3456.01 Take Profit= 4998.85 | 6999.83 | 10431.40 Stop Loss= 2882.99 Risk/Reward= 1:1.5 | 1:3.85| 1:7.9 Expected Profit= +33.98% | +87.61% | +179.58% Possible Loss= -22.73% Fib. Retracement= 1.117| 1.414 | 1.764 Margin Leverage= 1x Estimated Gain-time= 5 months Website: ethereum.org Contracts: #Mainnet #BEP20 0x2170ed0880ac9a755fd29b2688956bd959f933f8 #BEP2 ETH-1C9 #TomoChain 0x2eaa73bd0db20c64f53febea7b5f5e5bccc7fb8b #HECO 0x64ff637fb478863b7468bc97d30a5bf3a428a1fd #Avalanche 0xf20d962a6c8f70c731bd838a3a388d7d48fa6e15 #Sora 0x0200070000000000000000000000000000000000000000000000000000000000 #RSK 0x1D931Bf8656d795E50eF6D639562C5bD8Ac2B78f
Long
by TradingOn
ETH Ethereum expected to reach $5500 in 9 days.Ethereum has beautiful 4 hour charts showing huge demand and consistent wall street paper fake ETH bears exchanging vapourware ETH paper with real spot Eth from crytoexchange sellers unaware they are selling lower than value. Has all the ETH investment designed for ETH gone in ETH instead of all teh BS WallStreet instruments of mass market manipulation, the price of ETH would be douple. I am so gla the new 24/7 worldwide exchanges are replacing these expensive dinos of the past. I hear there's a great renaissance in carefully migrating banksters building, empty now, with great hip housing for all the youth the central banksters have made poor with the BS inflation of the past. We need to peg the world financial system on something solid, We have Bitcoin with its limited 21M total amx ever mintable and gjust 2.3M Float. Bitcoin is the king as a credible, 13 years in the making, precious resources. Yes at 10 cents, when it started, it as just an ideas. 13 years Later, Bitcoin as King, and Ethererum, as Queen deserve the world support then need. Ethereum is the financial backbone that all the shitcoin runs on. ETH is in shorth supply since each new Validator (business wanting to run Ethereum processing in house directly at effectively no cost but cheap equipment), needs 32ETH to be part of the ETH2 Validation. Short term, expect a squeeze especially as dumb money flows from fake Ethereum into real Ethereum using spot phuysical 100% backed ETFs such as $ETHH $ETHH.U
BINANCE:ETHUSDLong
by UnknownUnicorn2413721
4
ENS Airdrop - Ethereum's Big Experiment in Political GovernanceAs of this week, ENS (Ethereum Name Service) tokens have been airdropped to .eth domain holders. The idea was to issue tokens for governance and policies, but the odd thing is that they decided to let it have its own market. I think the idea behind this decision is to make the connections between politics and money explicit, rather than trying to deny it or separate it. We can see in the real world that politicians lie about this stuff all the time, while their supporters just hold their heads down and pretend it's not going on. Is this system a better one than the ones we have now? We'll find out, I guess.
Long
by RyanTanaka
ETH $5000 by end of October 2021 $5900 end of Nov 2021I am in love with Ether, ETH, the New World's Financial Bankbone with ETH2 payment processing dominating from banks to VISA and Mastercard API intergration. On the charts, ETH behaves well. It's not backed by a bunch of clowns like the typical Alt coin. ETH is the only ALT coin that is NOT a shitcoin. All the others are temporary bandaids to what BTC and ETH handle or will handle within a year. ETH is worthy of a mega pump. Buy and Hold. If you sell, an ETH32 Validator is buying, A Eth2 validator Proof of Stake needs 32 ETH, minimal hardware or cloud services, and minimal effort to compete with VISA and Mastercard. HOLD and move OFF exchanges ASAP to cold wallets.
BITSTAMP:ETHUSDLong
by UnknownUnicorn2413721
Ethereum is Bullish But an RSI Divergence has been foundHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ ETH has been on a bullish trend since dropping to around $1,780 on July 21 and has gained almost 148% increase in value and on Friday the price of Ether (ETH) has bounced to a new all-time high (ATH) as it hit $4,460 yesterday after Altair upgrade shows a clear path to the merge, and today started with Bullish but the market but reversed back into a Bearish day with the coin price dropping to 4318.29 at the time of this idea was posted. Possible Scenarios for the market : Scenario 1 : The price has dropped today after a big surge in the coin value in the last couple of days, we could be seeing a correction in the market that could lead the price back to the first support area located near the $3873.15 or even the second resistance at $3558.91 as u see on the chart we were able to spot a Bearish divergence between the market and the RSI. Scenario 2 : After Altair upgrade shows a clear path to the merge the market has been increasing in value a lot which will probably be the start of a strong Bullish movement for the ETH coin, The first target will be the resistance level located at $4492.47 and from there it will be headed to the second resistance zone at $4766.45 where the market might have a small correction before it goes back into a Bullish trend on its way to the $5167.20 level. Technical Indicators show : 1) The market is above 5 10 20 50 100 and 200 MA and EMA (Strong Bullish sign) 2) The RSI is at 61.65 showing great strength in the market. A Bearish divergence has been found that could lead to a drop in the market soon. 3) The ADX is at 32.31 showing that the market is trending with a positive crossover between the DI+ (21.80) and DI- (10.63). Weekly Support & Resistance points : support Resistance 1) 3768.02 1) 4467.61 2) 3367.27 2) 4766.45 3) 3068.43 3) 5167.20 Fundamental point of view : Cointelegraph reported on Thursday that the Ethereum 2.0 Altair Beacon Chain update had a successful start, with 98.7% of the nodes upgraded at the time. A successful Altair upgrade to the Beacon Chain was seen as an important factor clearing the way to the merge with the Ethereum mainnet and the transition to a proof-of-stake consensus mechanism in Ethereum 2.0. Ethereum’s success is also being driven by the platform’s use in the booming decentralized finance and nonfungible token sectors. They highlight ongoing rising demand for Ether in the future, thus ensuring additional tailwinds to its bullish outlook in Q4 2021 and possibly into 2022. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
BITSTAMP:ETHUSD
by GabiDahduh
2
ADA Versus ETH? The charts are clear, there is a winnerI love when the charts confirms the fundamentals. Cardano had its hype but ETH2 is validating and is first mover catching up. Sorry Betamax Cardano! No need to worry about obsolete tapes, just trade out from ADA to ETH and right the ALT Coin mega rocket. ADA chars are wounded and if you find them bullish against ETH, let me know. Against FIAT Cash-is-Trash, it should be do well. Anything will do better than something that depreciates 5-10% per year! LOL
Short
by UnknownUnicorn2413721
ETH 4000 solid base for take off to $7000, past $4200Some solid support being tested at 4000, ETH is a little lazy at 4200 but will some sat will help it get going a bit. Bullish trendlines. ETH is getting burned by any joe wanting to be a validator (low energy) for ETH2 needs to stalk 32 ETHs. As Ethereum V2 goes from testing to mainet, ETH will become scarce in supply as more shops will want have built in ETH validation and that requires 32 ETH to get setup. Lay back, enjoy the sub $4200s Once this runs, better to be on board that on the sidelines. Don't stand to close to the launch pad as this Internet Money and distributed finance (DeFi) takes off.
BITSTAMP:ETHUSDLong
by UnknownUnicorn2413721
ETH Past $3350, retesting $3500. Onwards to $10-$15K ETH! 2022Given crypto run expected this quarter, we've pushed passed 3350 and will hit resistance at 3500. I suspect we'll blow past this. My weekly chart post didn't have a lot of details so here is the day chart. If we fail 3500 and fail to stay about 3350, the long position might go neutral. The macro factors are too srong on worldwide currency devaluation and enslaved USD nations moving to Bitcoin as their currency that ETH and BTC are in a race to the top! Apple is running ETH 2.0 validators and Bitcoin and Ethereum are on it ways to the mass market Apple Wallets built in to every iphone on earth and already integrated with payment terminals in first and second world countries. The magic here is the world bankless moving to crypto for micro, free of processing fee, payments. If ETH is $3500 with crazy high gas prices and energy used for mining, imagine the price for ETH with ETH 2 running on tiny fees and low energy. This is the Internet when it migrated from leased lines to high speed fiber optics. If you missed the .dotcom boom, this one is even better. And for veterans of that era, knowing how to get out by reading the charts is your guide to economic freedom.
BITSTAMP:ETHUSDLong
by UnknownUnicorn2413721