ETH about to move with ETHBTC stophunt of cycle lows??Stophunt of old points of resistance and support can often lead to a reversal
Now that price has grabbed potential liquidity and stops set for previous lows.. price can now reverse. ETHBTC has hunted that liquidity grab or stophunt as we call it. That gives it room to now reverse.
Failed breakdowns can fail fast
If this breakdown does fail then have to be prepared that failed move fails fast. This is likely to be from a strong ETH breakout. If that is the case then ETHUP products may have a great deal of upside.
If the breakdown continues then dont want to be caught
Watch out for price going back below the point of reversal as it could drag lower and dont want to be stuck in the losing position
ETHBTC
2024 is the year of $ETH and $ALTS!ETHBTC pair is showing a weekly divergence (not confirmed until weekly candle close).
If the RSI divergence forms, we can expect ETH/BTC to rally to its previous ATH until June, and possibly discovering new highs after that (if the narrative doesn't change).
I have to mention that with the current status of the market and many people shifting to other L1s, This ETH/BTC strength may fail. So Vitalik, come on!
Ethereum potential -85% vs BTC price (Triangle has broken) 8 YRS
I still watch this pair every day even though I dislike the entire Ethereum ecosystem.
But we have seen the triangle pattern wick down indicating strength is dropping by too much from the BTC price flows, this pattern has been forming since 2016 that is 8 years!.
And please not this is before the Spot ETF flows has commenced, I don't really see a way Ethereum can recover from this if it starts to accelerate.
There's no easy way to safely short the ETH/BTC and again there's more profit on the Bitcoin long side that inherently will decay the ETH/BTC pair.
And also I still know the Ethereum community is as fragile as francium-223 meaning it won't take much for the Ethereum experts to capitulate back into Bitcoin.
A Word Of Caution For Ethereum ETH/BTC
Great spot for a very small speculation entry.
Normally when price consolidates like this it is a balance between the demand / supply in the open market, problem is once it sways to one direction it will be violent.
I still see the possibility that BTC hitting a supply shock to over $140,000 will destroy this pair harder than what happen with LTC/BTC.
(note) Ethereum can still rise in price during this but if you don't price it in BTC you can't navigate if the value gain is flowing in from the top of the market or bottom.
I wish this chart would do something. . . .
Most of the volume from ETH is getting sucked into Solana because it does work faster, this has always been the problem with ETH for me is that it can easily be replaced, people want fast stable coin transfers regardless of the blockchain.
But in the future if someone provides something better than Solana for USDT / USDC transfers, SOL again will be the victim of this trend.
LTC early on for those who don't know was used as a proxy to transfer value exchange to exchange to trade BTC IMO it was the stable coin of the early days.
Ethereum is bullish and expecting a 27% riseEthereum is very bullish, in my opinion. We see that the price went below the parallel channel, but there is no bearish follow-through. In my opinion, this is a bear trap, and we will continue to go higher. 27% pump is my net target; take profit at the top of the trendline, as you can see in the picture. The good news is that the ABC correction has been completed successfully. It is starting, guys. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Ethereum has pioneered the concept of a blockchain smart contract platform. Smart contracts are computer programs that automatically execute the actions necessary to fulfill an agreement between several parties on the internet. They were designed to reduce the need for trusted intermediates between contractors, thus reducing transaction costs while also increasing transaction reliability.
Ethereum’s principal innovation was designing a platform that allowed it to execute smart contracts using the blockchain, which further reinforces the already existing benefits of smart contract technology. Ethereum’s blockchain was designed, according to co-founder Gavin Wood, as a sort of “one computer for the entire planet,” theoretically able to make any program more robust, censorship-resistant and less prone to fraud by running it on a globally distributed network of public nodes.
In addition to smart contracts, Ethereum’s blockchain is able to host other cryptocurrencies, called “tokens,” through the use of its ERC-20 compatibility standard. In fact, this has been the most common use for the ETH platform so far: to date, more than 280,000 ERC-20-compliant tokens have been launched. Over 40 of these make the top-100 cryptocurrencies by market capitalization, for example, USDT, LINK and BNB. Since the emergence of Play2Earn games, there has been a substantial increase in interest in the ETH to PHP price. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Ethereum is going to crash again, buy hereEthereum is currently bearish because the price is below the major trendline. I am currently bearish and expecting lower prices, but if ETH rises above 2320, I will become bullish again. What are the possible reversal points? Definitely 0.618 or 0.5 FIB retracement of the previous uptrend. 0.5 FIB is not that significant for the crypto market, but in this case, we also have a lot of stop losses from traders on this level. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Ethereum has pioneered the concept of a blockchain smart contract platform. Smart contracts are computer programs that automatically execute the actions necessary to fulfill an agreement between several parties on the internet. They were designed to reduce the need for trusted intermediates between contractors, thus reducing transaction costs while also increasing transaction reliability.
Ethereum’s principal innovation was designing a platform that allowed it to execute smart contracts using the blockchain, which further reinforces the already existing benefits of smart contract technology. Ethereum’s blockchain was designed, according to co-founder Gavin Wood, as a sort of “one computer for the entire planet,” theoretically able to make any program more robust, censorship-resistant and less prone to fraud by running it on a globally distributed network of public nodes.
#ETH #Ethereum #Update #ReadyTo #Pump #ToTheMoon #TTM #VIP #Eddy#ETH #Ethereum #Update #ReadyTo #Pump #ToTheMoon #TTM #VIP #Eddy
It grew by 8.00% from our previous entry point 👌
Drink everyone 🍻 the new update is for you ❤️🔥🔥
!!! CRYPTO MARKET AND BITCOIN READY TO PUMP (( 1/5/2024 )) #Eddy ;-) <3
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ETHBTC 70% upside opportunity within range HTFETH/BTC is now in HTF range bottom with an upside opportunity of 70% until range high. Ethereum ETH is the only other cryptocurrency beside Bitcoin BTC that is now being considered for an ETF. Everyone's attention has been disproportionately given to Bitcoin, while TA and inflow models show both range-low price and reaccumulation patterns. Range top target is 0.086 ETHBTC. It may or may not subsequently go higher than range top. That will require a follow-on assessment.
#ETHUSDT LONG#ETH
Since the beginning of December, Ethereum has been moving well, breaking the patterns it created
On a 4-hour frame, breaking the downward trend of corrections
We now have a break in the downtrend for correction and the beginning of an expected rise
Current price 2300
Expected target 2437
This rise is supported by bullish momentum
And strong support areas
Volatility Period: Around December 24thHello traders!
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(ETHUSDT chart)
ETH is one of the representative coins that forms an independent ecosystem between BTC and altcoins.
However, since most altcoins are derived from ETH, I believe that the rise of ETH is likely to lead to a rise in altcoins.
(ETHBTC chart)
Accordingly, the key is whether the ETHBTC chart can turn into an upward trend.
Therefore, we need to check whether it can be supported and rise in the 0.05320-0.8562 box section of the 1M chart.
(ETHUSDT 1W chart)
The key is whether the price can be maintained around 2159.0 and rise above 2419.83.
If not and it falls, you should check if it is supported around 1879.61-1982.28.
(1D chart)
1st: 2104.60-2159.0
2nd: 1879.61-1923.03
If it falls, you need to check whether it is supported near the first and second levels above.
If it shows signs of support, I think it is time to buy more.
If it rises, the 2544.99-2686.94 area is expected to be the first resistance area.
If it rises above this range, it is expected to show a rapid upward trend.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
Is it finally ETH season? Ladies and Gents, we may be entering ETH season.
Finally! Finally we get some action on this ETH/BTC chart. I've been waiting for a breakout, either to the downside below 0.05 or above the descending triangle we've formed over the past 7 weeks.
ETH has a pretty clear path to get the upper descending trendline which would be 11% outperformance against BTC. Then it'll be a battle for whether it truly is ETH season.
Short-term forecast: bullish on ETH/BTC
Longer-term: will re-evaluate and update this post in the coming weeks.
Let me know what y'all think. Is this ETH season?
- Sultan of Chart
#ETHBTC - #Wyckoff & #Volume & #Divergences & #Sentiment#ETHBTC
The Broadening Wedge has a track record of being one of the most brutal patterns for emotional Traders to navigate, but if we peel back the layers to see what's happening of actual importance, that's when things start to get really interesting, IMO.
This is very possibly a textbook Wyckoff bottom. It's presenting all the signs of what we want to see plus #ETHBTC has a history of combining extremely low sentiment with ruthless patterns.
But once again just focus beyond the noise of PA and we can see what is volume or lack thereof in all the right places, paired with stacked divergences.
Nothing is 100% certain in this place, but based on probabilities gauged over history and the rest of the story, I know what I'm doing...
BITCOIN DOMINANCE to drop back under 50% #BTC.DNice head and shoulder's on the dominance chart
Maxi's are not your friend
Saylor was calling for 80% dominance just a very short while ago.
And yet here we are heading back below 50
Wouldn't be surprised to see massive money rotate into #ETH on the news of the ETF approval.
Merry Christmas and Happy Holidays.
📊#ETH/BTC may rise through a double bottom long structure📈🧠The larger the ETH/BTC exchange rate is, the trend of ETH will gradually become stronger, otherwise it will be weaker than BTC.
✔️At present, we have formed a double-bottom long structure after breaking the inflection point at the bottom of the exchange rate, which means that ETH will continue to strengthen.🚀🌕
➡️Here you can convert part or all of the spot into ETH to hold and wait.☕️
⚠️Note that if we break below the bull defense, it means that the bull structure is broken, which means that we still need to adjust. If the last bull defense point is also broken, then the subsequent ETH will always be weaker than BTC.
Let's see👀
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BTC Market Update. Nothing too new.Im a bit more bearish than i was yesterday. Im not liking that. Still, I think its more important to just wait to the DXY opens on sunday to reassess the direction we may take.
While the open on last Sunday had much more potential to ruin stocks and BTC than this weeks would, it did cause a volatile drop.
#ETH/USDT#ETH
The price of Ethereum has been moving in a transverse channel since July 2022
In the Occasional Price Range 1112 $ to 2112 $
We have now reached the upper limit of that channel and it represents a strong resistance.
Some downside expected for the support zone 1150 $
And the rebound from them in 5 bullish waves over the next 3 months, ending with a rise to 3500 $ levels.
ETHBTC: Support Zone holding for 7 weeks straight. Rebound closeETHBTC has completed seven straight weeks of trading at least for some days inside the S1 Zone, a supporting range that holds since May 2021. The 1W timeframe might be bearish (RSI = 35.095) but the 1D technical outlook is neutral (RSI = 46.177, MACD = 0.000, ADX = 25.760) and this reveals accumulation bias inside the S1 Zone. The 1W MACD is close to a Bullish Cross. We are taking this as an early buy signal and target and LH trendline (TP = 0.05900). Once the price closes a 1W candle over the 1W MA50, the upper Fibonacci levels should start getting filled one by one and eventually hit 0.08500 as the new Bull Cycle fully unfolds.
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ETH is still bullish!I can tell from my observations on the chart that we are inside a large diametric. We seem to be in the middle of wave D now and expect to move towards the red box after a slight correction. After hitting this box, we can expect Ethereum to drop to the bottom to complete wave E
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
The key is whether it can rise above 2419.83Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(ETHUSDT chart)
I believe that ETH is leading the market while BTC's movement has slowed.
The uptrend led by ETH is short-lived.
Therefore, it is important whether BTC can take the lead again and continue its movement in the future.
(1W chart)
If the price maintains by rising above 2419.83, I think there is a high possibility that it will lead to a sharp upward trend around 3119.67.
(1D chart)
Accordingly, the key is whether it can receive support in the 2325.60-2419.83 section and rise to the 2544.99-2686.94 section.
If that happens, it is expected that a rapid upward trend will begin by breaking through 2686.94.
The next period of volatility is expected to be around December 24th.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
ETH is bullish (3D TF)First of all, know that the time form is 3 days and takes time. Ethereum is forming a large diametric that has now started the bullish fork E.
Ethereum bearish scenarios are cancelled! By examining the chart of Ethereum, we can see that we are inside a complex diametric. The green area is the right place to enter buy/long positions. The range that Ethereum is targeting is the red box! Not sharp but will hit it with swing
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You