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Eth20

ETHUSD OUTLOOK, 2022-2023, is Ethereum following the leader?Greetings community I have illustrated my outlook on ETH/USD, which to me seems to be corrective, and headed to complete it's cycle to the downside, in addition fundamental's seem to be hand in hand with these technical's as of current. The chart clearly indicates direction and predictable behavior of the asset, with price trading just under $1700, it is merely a matter of whether we'd decline immediately or touch $2000 prior to the anticipated plummet to bottoming out. Ethereum now trades 77% below its $4,951-record high, but some tokens are down 90% from their 2021 peak levels. Concerns about the Federal Reserve’s hawkish policy to tame inflation has stoked these sell-offs, hurting parts of traditional stock markets in tandem. In detail, the U.S. central bank plans to hike benchmark rates in 2023, which may leave investors with lesser liquidity to buy riskier assets like BTC and ETH. Additionally, forced selling and liquidity troubles led by the so-called decentralized finance, or DeFi, sector have added downside pressure on the crypto market, thus limiting Ether’s prospects of continuing its recovery rally moving forward. Notes: -ETH 2.0 delays, anticipated for 2023 -Stocks & Crypto's are somewhat in-sync to current financial conditions -Recession rumors -Interest & inflation I would personally enter long positions closer to Q4 2022 leading into Q1 2023 across all assets, while many will be suffering from FOMO, we need to accept that this certainly does seem like the calm before the storm, given the economic state of the US. For me, as a swing trader, it's always beneficial to purchase anything, whether margin trading or simply holding, at the best possible price, especially when you're in it for the long haul and have immense fundamentals tipping the scale. Fingers crossed for Ethereum to fall beneath $1000, and potentially halve from there. I would anticipate for ETH and BTC to bottom out simultaneously, as title states, is Ethereum following the leader?
BITSTAMP:ETHUSDShort
by unacknowledged
0.052-0.054 is the key target zone for ETHBTCSeveral coins had a lot of volatility today, especially vs BTC... However ETHBTC held strong and looks ready to go higher. Ethereum suffered in Feb-March because it was the best performer from larger coins. High fees, increased competition, froth in DeFi, the buy the rumor sell the news situation with the CME futures... led Ethereum to correct 35% vs BTC and underperform nearly everything. Now this picture seems to be changing. ETHUSD is only 95-100% from its 2018 ATH, while the consolidation below the ATH in 2021, the breakout and retests have 'produced' a very clean chart which looks really strong. ETHBTC looks like a massive Head & Shoulders pattern, while 0.054 was a key breakdown level that was never retested (acting like a magnet). Now that more new blood is coming into this market, I think ETH will be one of the biggest beneficiaries. The CME futures, ETHE and ETH 2.0 as well as most projects building on Ethereum are definitely things that can't be underestimated despite its current shortcomings. Long and Strong!
Long
by BitcoinMacro
1
Etereum (ETHUSDT) - platform launch took place[b ]Global trend up Local trend up Break out mirror level to the moon! You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade last idea
Long
by Yuriy_Bishko
6