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ETHBTC

ETHBTC looking strong and ready to rallySince BTC topped around 31k, ETH has outperformed BTC. It looks like ETH is slowly gaining more and more, as more ETH is being slowly burned through EIP-1559 and more ETH is being staked. As ETH outflows since the Shapella upgrade have peaked and inflows are dominating, ETH now has a yield of about 5%; ETH looks more attractive than BTC. Of course, BTC has its upcoming halving less than a year from now, and recently Ordinals have given Bitcoin new life. As gold was rallying, the digital gold narrative was also more robust. However, Ethereum has seen its Layer 2 protocols gain more and more traction while AI stocks are pumping like crazy and gold is dumping. Essentially flexible tech is preferred to stable and inert metals. ETHBTC has almost completed a breakout, as it hasn't fully reclaimed all key diagonals and the yearly pivot. It has reclaimed all critical support, penetrated the 0.06-0.066 area, which I was expecting to happen for a while, and is now looking solid. Someone could go long now, with a stop loss below 0.064 or waiting for the full breakout. Someone could wait before going long for BTCUSD and ETHUSD to have a failed breakdown by hitting 25700$ and 1720$, respectively.
Long
by BitcoinMacro
ETH/BTC Analyze (Road Map, 06/23/2023)!!!🗺️First, let's see what the ETH/BTC chart is advantage : It shows us whether to invest in Bitcoin or Ethereum, of course, according to the market cap of cryptocurrencies. Considering that more than 80% of the tokens are in the Ethereum blockchain . When ETH/BTC is bullish, Bitcoin dominance is bearish, and the total market cap is bullish, we can expect the start of the Altseason . ETH/BTC is in the form of a zigzag(ABC/5-3-5) corrective structure so that the main wave C is forming an Expanding Ending Diagonal . I expect microwave 5 of main wave C to finish in the 🟡 Price reversal zone 🟡 and 🟢 heavy support zone 🟢. Ethereum/Bitcoin Analyze ( ETHBTC ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
12
Ethereum Analyze [Road map!!!🗺️(06/19/2023)]Hi everyone👋( Reading time less than 2 minutes⏰ ). Ethereum is moving as I expected in the previous roadmap.✅👇 At the moment, Ethereum has been moving in a descending channel for about 2 months ⏰. The structure of the waves in the descending channel is Double Three Correction(WXY) . Ethereum is currently moving in wave Y , and I expect this wave to end at the bottom of the descending channel at around $1500 . I expect Ethereum to reach its minimum to the upper line of the descending channel after confirming the end of wave Y. However, the downward trend can continue up to the 🟢 support zone($ 1,440-$ 1,350) 🟢. ❗️ Note ❗️: Ethereum needs to break the 200-SMA downwards to confirm the wave count and especially the continuation of the downward trend of Ethereum. Ethereum Analyze ( ETHUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
13
Ethereum Analyze [Road map!!!🗺️(04/10/2023)]Ethereum is moving in the 🔴heavy resistance zone🔴; if we look at Ethereum in terms of Elliott wave theory in the Daily time frame, we will find that Ethereum is completing 5 impulsive waves so that the fifth main wave follows the Expanding Ending Diagonal structure. There are two signs to confirm the wave count: 1 - There is a Regular Divergence(RD-) between the main wave 3 and the main wave 5. 2 - The expanding triangle is mostly seen in wave 4. I expect Ethereum to finish microwave 5 of the main wave 5 after reaching the 🟡Price Reversal Zone (PRZ)🟡. Expanding Ending Diagonal structure in the 4-hour time frame (better view):👇 ❗️ Note ❗️: If ETH goes over $ 2,120 , the scenario will change. Ethereum Analyze ( ETHUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
16
Altcoins only proceed to the 1st purchase when BTC is below 29KHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- In order to trade altcoins, it is recommended to proceed when BTC has completely turned into an uptrend. The reason is that it is highly likely that BTC dominance will continue to rise in the future. This is because if BTC dominance maintains an upward trend, it means that money in the coin market will be concentrated in BTC, so most altcoins are likely to move sideways or maintain a downward trend. Therefore, if possible, I think we should focus on BTC or ETH for now, focusing on finding the right time to buy from a mid- to long-term perspective. -------------------------------------------------- ---- (ETHUSDT chart) If you look at the 1M chart, it shows that the price cannot be maintained above the MS-Signal indicator and is falling. Therefore, you should check for support around 1572.69. If it continues to decline, it is likely to touch near the previous latest low, so we need to think about how to respond. Therefore, it is necessary to make sure that the price rises along the uptrend line shown below. In any case, it is expected that the 1M chart will lead to a trend reversal only when there is a movement out of the newly created downtrend line. (1W chart) Looking at the 1W chart, it is declining at 1790.20. Since the 1790.20 point is the point of the HA-High indicator on the 1W chart, if it is resisted at this point and falls, it is highly likely to fall to the vicinity of the HA-Low indicator on the 1W chart. thus, 1st: 1611.62 2nd: 1338.65 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. Since it shows the same movement as what I mentioned in the BTC chart analysis, I would appreciate it if you could refer to the BTC analysis for information about the wave. (1D chart) A downtrend is underway as the price fails to hold above 1790.20 and breaks out of the uptrend channel. However, the 1572.69-1879.61 section is an important support and resistance section. Therefore, it is necessary to confirm that it can receive support around 1572.69-1611.62 and rise above 1790.20. This period of volatility is expected to last until around June 22 (June 23). So, you need to see what movement you see during this period of volatility. Whether you view ETH as an altcoin or between BTC and altcoins depends on the investment style of those who want to trade ETH. I think of ETH as halfway between BTC and altcoins. I think it is one of the coins that have a great influence on the coin market. Therefore, from a long-term perspective, we expect that investing in ETH will yield similar benefits to investing in BTC. Therefore, as I said in the BTC analysis, the current decline is in the process of the 2nd wave of the uptrend, so it is better to think of ETH as BTC. If possible, it is better to invest in either BTC or ETH, but since you do not know which coin will rise more significantly in the future, you can split it and buy it together. No matter what decision you make, you need to hold enough coins (tokens) to keep up with large price volatility. If you hold many types of coins (tokens) and cannot respond to all coins (tokens) that would have caused great volatility, the buying strategy should be considered a failure. ------------------------------------------ (BTCKRW chart) It is declining after finding resistance around 34820000. Therefore, it is necessary to confirm that it is supported around 31024000-32042000. However, since it may rise above 34820000 during the volatility period until around June 16th, you should also think about countermeasures against this. In order to turn into an uptrend, it needs to be supported by a rise above at least 35539000. The Trend-Based Fib Extension on the left was created during a downtrend. We touched the 0.618 (32851000) point. Therefore, considering the 32851000 point, it needs to rise above 37821000 to turn into an uptrend. If it continues to decline, it can be seen that the possibility of falling to around 27317000-29639000 is increasing. Therefore, it is important to find support or resistance around 0.618 (32851000) and 31024000-32042000. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. 81K-95K is the range we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
2
Stable Performance, Clear Range Channel and Potential BreakoutDuring the initial day of the current week, Ethereum demonstrated a relatively stable behavior, exhibiting minimal volatility and maintaining a consistent value near the support level of $1,730. An observable pattern can be identified in both the 4-hour and 1-hour timeframes, characterized by the formation of a channel bounded by this support level and a resistance level at $1,780. Notably, recent market activity reveals the buyer's endeavor to drive the price upwards. However, it is crucial to consider the forthcoming significant economic news that may impact market dynamics. It is anticipated that once the price breaks out of the aforementioned channel, the market will likely resume its previous trend, accompanied by an increase in transaction volume. Furthermore, breaching the resistance level at $1,777 could potentially facilitate Ethereum's entry into the $1,800 range. The RSI level at 40 suggests a neutral market sentiment, while the MACD value of -18 indicates a bearish trend with downward momentum.
by MonoCoinSignal
6
ETHBTC.4HHello dear friends, *Mars Signals Team wishes you high profits* This is a time frame analysis for ETHBTC.4H We are in the four hour time frame. As you can see, the price was able to break the resistance line and stabilize above it, and is currently retreating towards the support line. If it can consolidate above its first support line, we expect the price to rise to the first resistance area. But if it cannot stabilize above the support line, we expect further fall to the second zone. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
Range Channel Formation and Growth PotentialAfter experiencing a modest positive swing yesterday, Ethereum encountered a subsequent negative reaction, causing its value to drop to the $1,770 range before retracing back to its established support level. In the current market, a range channel has formed within lower timeframes. It is important to consider additional technical indicators in order to gain a comprehensive understanding of the market sentiment. The Relative Strength Index (RSI) for Ethereum is currently at 39, indicating a moderately bearish sentiment. This suggests that selling pressure may be prevailing in the market. Additionally, the Moving Average Convergence Divergence (MACD) indicator stands at -25, further confirming the bearish outlook. Considering these indicators alongside the range channel and support level mentioned earlier, it is prudent to exercise caution as the market conditions appear to lean towards a bearish stance. However, it is worth noting that as long as Ethereum remains above the support level at $1,725 and selling pressure remains subdued, there is still potential for growth within this range, with resistance levels at $1,800 and $1,900. Traders and investors should closely monitor these technical indicators and market dynamics to make informed decisions.
by MonoCoinSignal
17
Breached Support, Bearish Signals & Oversold RSIEthereum has recently broken its support at the $1,800 range and is now at a critical level of support, ranging from $1,727 to $1,740. This downward movement in price has been significant, but there is a possibility of a positive response as this level represents a crucial support area for Ethereum. It is worth mentioning that the current candlestick formation indicates a bearish trend with a strong body. If the candlestick closes in this manner, there is a chance that the support zone will be breached. In such a scenario, Ethereum might experience further decline towards the $1,670-$1,680 range. Additionally, the Relative Strength Index (RSI) is currently at 25, indicating that Ethereum is in oversold territory. This suggests that the recent downward pressure on Ethereum's price may have been excessive, presenting a potential opportunity for a price reversal or a consolidation period. Traders and investors often interpret an RSI reading below 30 as a signal of oversold conditions, which could lead to a rebound in the near future. Considering these factors, it is important to evaluate the overall market conditions and utilize various indicators to make informed trading or investment decisions.
by MonoCoinSignal
12
ETHBTC: targeting the top of the Channel Down.ETHBTC is consolidating right now on neutral 1D technicals (RSI = 55.810, MACD = 0.001, ADX = 53.149) supported by the HL trendline. A bounce on the 1D MA50 would be ideal for a new buy, but if it breaks the trend turns bearish. Until it does, we are bullish, targeting the 0.9 Fibonacci (TP = 0.07200) as it happend on January 2023. But of those where the bullish waves inside a long term Channel Down. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
ETHBTC showing upside to come to 0.08 due to W and TriangleW Formation has formed on the ETH/BTC pair. There is also an Ascending Triangle, with higher lows and same highs. We are near the neckline where the price is quite likely to break up and out of. We have other signs like 7>21 MA Price>200 MA RSI>50 Target is for the ETH/BTC to head to 0.08 For those that don't know how it works... HOW ETH/BTC works ETHBTC is a trading pair similar to Forex pairs. With crypto, it represents the exchange rate between Ethereum (ETH) and Bitcoin (BTC). And as always with trading pairs, there is a primary and secondary coin. The primary (Ethereum) is how much 1 unit of ETH can be exchanged for a certain amount of Bitcoin. ETH/BTC 1 / X No. bitcoins. Right now, the current ETH/BTC exchange rate is 0.06. This means, 1 ETH is worth 0.06 BTC. Or conversely, we can see how much 1 BTC is worth in ETH. To do that we divide the two. BTC/ETH = 1/0.06 = 16.66 Ethereum per Bitcoin. ETHBTC works based on the principles of supply and demand in the cryptocurrency market. The exchange rate is determined by the ongoing buying and selling activity of traders on the exchange platform. When there is more demand for Ethereum relative to Bitcoin, the ETHBTC price tends to rise. Conversely, if there is more demand for Bitcoin relative to Ethereum, the ETHBTC price tends to fall. Right now we can expect the ETH/BTC to go up, which means Ethereum will mostly likely strengthen in the near future compared to Bitcoin. Hence I expect the price to go to ETH / BTC = 1: 0.08.
Long
by Timonrosso
Mixed Indicators and Potential ScenariosCertainly! Let's analyze the current state of Ethereum (ETH) by combining all the provided information: Ethereum (ETH) is currently showing a mixed picture based on the indicators. The Relative Strength Index (RSI) of 46 indicates a relatively balanced market sentiment, suggesting that the coin is neither overbought nor oversold. On the other hand, the Moving Average Convergence Divergence (MACD) of -4 signals a bearish trend. This negative value implies that the short-term moving average is below the long-term moving average, indicating the potential for a downward movement in the near term. In terms of the Stochastic Oscillators, with a %K value of 63 and a %D value of 72, Ethereum has recently experienced some upward momentum but is not yet in overbought territory. This suggests that while there has been some positive movement, the coin may still have room for further growth. Considering the additional analysis provided, we can infer that Ethereum has shown a positive reaction to the support level of $1780, leading to an upward movement. This indicates that the support level has played a significant role in driving price action. Furthermore, Ethereum has re-entered its upward channel, similar to Bitcoin, suggesting a potential continuation of the previous upward trend. However, it's important to note that Ethereum's price is still within a range channel, indicating a period of consolidation rather than a breakout. In light of this analysis, there are a few potential scenarios for Ethereum: 1. Retesting Support: Given Ethereum's presence within the range channel, it could potentially retest the support level around $1780. This retest would allow traders to assess the strength of the support level and evaluate the likelihood of a price reversal. 2. Continued Growth: If Ethereum maintains its upward momentum, it has the potential to continue growing within the range channel. The analysis suggests that the price could reach the upper boundary of the channel, estimated to be in the range of $1950 to $1980. Traders and investors should monitor price movements and volume to gauge the strength of this potential upward movement. It's important to remember that cryptocurrency markets are highly volatile and influenced by various factors. Traders and investors should consider combining this analysis with additional indicators, news, and fundamental analysis to make well-informed decisions when trading or investing in Ethereum or any other cryptocurrency.
by MonoCoinSignal
18
Maintaining Support Levels for Bullish TrendEthereum, one of the leading cryptocurrencies, is being analyzed based on a 4-hour timeframe with a Relative Strength Index (RSI) value of 38. The RSI is a technical indicator used to measure the strength and momentum of a cryptocurrency's price movements. A value of 38 indicates that Ethereum is currently approaching oversold territory, suggesting that selling pressure may be present in the market. Recently, Ethereum experienced a price drop along with Bitcoin, indicating a strong negative reaction in the market. However, despite this downturn, Ethereum has managed to maintain its medium-term ascending channel floor. This suggests that there is still a level of support and positive sentiment surrounding Ethereum. Several crucial support levels are worth considering for Ethereum's price. The first support range is located between $1780 and $1760. It is noteworthy that this range has already demonstrated a positive reaction in the past, meaning that buyers have shown interest in Ethereum at these price levels. The second support range can be identified within the range of $1740 to $1730. This range represents an additional level of support for Ethereum, and its preservation is crucial for maintaining the medium-term bullish trend. If the price were to break below this range and confirm the breach, it could have a negative impact on the overall bullish sentiment surrounding Ethereum. Lastly, the third support range is situated between $1680 and $1670. Although not yet tested, this range is important to monitor, as it represents a lower level of support for Ethereum's price. A breach and confirmation of this range being broken could further weaken the medium-term bullish trend and potentially introduce more bearish sentiment. In summary, Ethereum has experienced a price drop, but it has managed to sustain its medium-term ascending channel floor. The support ranges at $1780-$1760 and $1740-$1730 have already shown positive reactions, signifying potential buying interest. Maintaining these support ranges is critical for Ethereum's medium-term bullish outlook. Traders and investors should closely monitor these support levels, particularly the $1740-$1730 range, as a confirmed breach could affect the overall market sentiment surrounding Ethereum.
by MonoCoinSignal
17
Sigificant double breakout in ETH/BTC. Will likely outperform.Narrative is overly bearish ETH due to position in market cycle. ETH is a different asset compared to 2018 however, with substantially better supply dynamics than Bitcoin, increasing average returns for ETH over BTC. The charts reflect this. A signicant double breakout on the charts recently suggests ETH is starting to breakout of its downtrend against BTC which could signal more significant outperformance to come, particularly when the crypto market is less bearish. Long ETH/BTC.
Long
by UnknownUnicorn10152290