ETHBTC may be putting in a major fakeoutAs usual, what follows isn't financial advice but a mere observation.
This idea is to be considered as a follow-up of the one that can be found linked below.
As explained in my last study, we're witnessing extremely low levels of volatility on the weekly timeframe for ETHBTC.
While price action wasn't exactly confidence-inducing until a couple days ago, tides might be beginning to change.
We can observe how since july 2020, the 21EMA (yellow) and the 55EMA (green) have never had the chance to bearishly cross.
This brings me to a very simple point, if we can see a weekly ETHBTC close above both EMAs, essentially producing a fakeout, the idea that the expansion phase coming from this extremely low volatility environment will be to the upside will begin to appear more probable.
The horizontal ray that's marking the march 2023 high (0.073544) is the obvious line in the sand for me, a weekly close above that level will make me consider that ETHBTC is putting in a major - possibly even macro - low.
Keep in mind that as long as the price keeps being held down by both the 21EMA and the 55EMA this is just a possible scenario waiting to unfold, but still unconfirmed.
Furthermore, a weekly close below this current week low (0.062037) will very likely result in a much more severe downside continuation, with targets already discussed in the idea linked below.
Whatever happens, stay safe and wait for confirmation.
ETHBTC
Ethereum domain mapThis is my view of the Dominance of Ethereum and the largest dominance of alternative currencies.. We are heading in the medium term to the strong resistance area specified above, and then the decline will be absorbed to make a larger rise and test the historical top, but we will talk about it when the time comes
ETH could go lowerHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the ETH symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ETH - More downside coming if this breaks: Here's a quick look at the 8 hr. ETH chart.
Upon closer analysis, it is evident that the price was unable to breach the resistance zone and experienced a sharp decline of 10% in value. This suggests that the market lacks sufficient momentum to sustain its upward trajectory, particularly in the short term. Should the price fall below the HKEX:1900 threshold, a drop to $1700 is highly probable, and should it breach $1700, a further decline to HKEX:1500 is likely.
As a result, it is advisable to closely monitor the HKEX:1900 level, as a break below it may result in substantial downward pressure. Moreover, as BTC's performance can impact that of ETH, it is prudent to observe BTC's movements before making any decisions concerning ETH.
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Ethereum and Head and Shoulders Pattern❗️❗️❗️(Short term)Ethereum managed to form a Head and Shoulders Pattern between two support and resistance zones, so that the Head part is in the 🔴resistance zone($ 2158-$ 2123)🔴.
I expect Ethereum to at least fall to the bottom of the 🟢support zone($ 2041.40- $ 2017.68 )🟢 with the Head and Shoulders pattern.
If you want to know my Ethereum roadmap, I suggest you see the following post.👇
Ethereum Analyze ( OKX:ETHUSDT ), 15-minute 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.
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ETH beginning to show potentialCurrently we are seing BTC dominance fall to a neutral trend territory:
What does this mean for alts?
When the market goes up and BTC dominance begins to weaken, that is often a sign that alts will begin to outperform for a period.
We could see alt dominance bounce up to 11% before we see a recession and everything goes down again (maybe)
Outlook on ETH
I see ETH hitting the target (2492) if we don't see a major weakness in the market caused by external factors
ROSE becoming more efficientAs of right now the Trend Probability Indicator is still bullish:
this means that we are still on the lookout for continuations in the trend.
We see a lot of altcoins pumping a lot, a good idea is too understand what levels the coins might retrace to, if you were to miss a pump.
Currently we see that the dominance of alts still have room to grow, so if the trend is still to the upside the next weeks, there is still a lot of potential:
The image above shows the dominance of alts, when it is green, that means that alts are outperforming blue-chip coins like BTC and ETH, when it is red we see that alts underperform
My thoughts on ROSE
As of right now we have just been rejected off a bearish OB, this doesn't mean we go much lower, but I expect a retracement to fill out the imbalance left at 0.07071 (right below the golden zone of the fib)
Then I see us projecting higher to 0.08211 and to 0.08583
I expect ROSE to do well also because it is currently outperforming BTC and ETH!
All the best
- Omar
etherum time zone The live Ethereum price today is HKEX:2 102,32 USD with a 24-hour trading volume of HKEX:10 668 026 808 USD. We update our ETH to USD price in real-time. Ethereum is down ,14% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of HKEX:252 509 096 548 USD. It has a circulating supply of 120 109 686 ETH coins and the max. supply is not available.
If you would like to know where to buy Ethereum at the current rate, the top cryptocurrency exchanges for trading in Ethereum stock are currently Binance, OKX, Deepcoin, Bybit, and CoinW. You can find others listed on our crypto exchanges page.
#Ethereum Recovers versus Bitcoin, Next Stop at 0.072 BTC?Past performance of ETHBTC
Ethereum bulls are in control as the coin tears to register new highs versus the greenback. Meanwhile, the coin reverses losses against BTC, looking at the formation in the daily chart. Overall, for now, the path of least resistance is northwards, and aggressive traders may look to align themselves with gains of April 11 and 12. Those two bars had high rising volumes and found critical support at 0.062 BTC, marking March 2023 lows. If buyers build on from here, ETH may rally to Jan and February 2023 lows in a refreshing retest.
#ETHBTC Technical Analysis
Buyers are upbeat, and ETH buyers are in control. The double bar formation of April 12 was capped with rising volumes on April 12. Subsequent gains on April 13 completed the follow-through, suggesting that the reversal is well-anchored. Therefore, per the current formation, any dip above 0.062 BTC may allow bulls to load on dips targeting 0.072 BTC or more if ETH bull bars are with expanding volumes.
What to Expect from #ETHBTC?
After weeks of lower lows that saw ETH lose roughly 20% versus ETH from January peaks, the trend is reversing. Buyers are now in the driving seat. Every contraction above 0.062BTC may offer entries for optimistic traders angling for March 2023 highs or better.
Resistance level to watch out for: 0.072 BTC
Support level to watch out for: 0.062BTC
Disclaimer: Opinions expressed are not investment advice. Do your research.
Whether or not it is supported in an important section is keyHello?
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** Analysis of the BTC chart publishes new ideas once a week.
** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations.
** Excluding the above situation, BTC analysis is listed as a daily update.
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(ETHBTC 1W Chart)
The question is whether it can rise above 0.067660.
If not,
1st: 0.05719-0.060484
2nd: 0.048765-0.053586
You need to check if it is supported in the vicinity of the 1st and 2nd order.
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(ETHUSDT chart)
If the price maintains the price by rising above the HA-High indicator on the 1M chart, it will show an uptrend on all 1D, 1W, and 1M charts.
Therefore, it is necessary to make sure that the HA-High indicator falls by shaking up and down in the 1572.69-2531.05 section.
(1W chart)
The question is whether the price can stay above the M-Signal indicator on the 1M chart and above the center line of the Bollinger bands and rise to around 2871.13.
If not, you should make sure you get support around 1338.65-1611.62.
In order to gain strength to rise around 2871.13, we need to see if the HA-High indicator makes it rise.
If the HA-High indicator shows support in the area where it is about to rise, it is expected to surge.
If it does not receive support, there is a possibility of a sharp decline on the contrary, so you need to think about countermeasures against this.
(1D chart)
If the price stays above the important support and resistance zone of 1572.69-1879.61, I would expect a rally around 2196.53.
If it falls below 1777.05-1879.61, it is likely to fall around 1572.69-1611.62.
Therefore, the next volatility period is around April 29th, when it rises above 1995.50 and needs to be confirmed.
If ETH leads the coin market's upward trend, the upward trend is likely to be short-lived and intermittent.
Therefore, the price movement of ETH should come out while the BTC price does not fall, that is, in a sideways manner.
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** 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.
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ETHBTC can only see greenI think CRYPTOCAP:ETH is very bullish right now and bitcoin is strong but slow, i think the adoption cycle will be faster for eth and the price will form a v top with a new price discovery ATH.
I think that the bottom is in on that graph: www.blockchaincenter.net and will go for the altcoin season, so now is a good time to buy.
this is just an idea, not financial advice.
Do your own research,
ETH will lose against BTCSince the last bear market in 2018/2019 ETH was gaining in dominance against Bitcoin. It is clear that ETH could show similar weakness against BTC like last bear market. Considering that a recession is highly probably, I have marked two simple scenarios:
— ETHBTC will retest the rage lows at 0.056
— If this level does not hold, we could see a retest of the 0.03 area. This will probably match with the theory of a three digit ETH (look at link to related ideas).
Cheers and good trading!
Ethereum Shanghai Upgrade - Potential ImpactThe Shanghai upgrade marks a significant milestone for the Ethereum network, enabling depositors to access their staked ETH for the first time since the launch of the Beacon Chain. With the upgrade, two main types of withdrawals will be possible: partial and full. Partial withdrawals, or skimming, will permit validators to withdraw their cumulative staking rewards, while full withdrawals will enable the complete withdrawal of staked ETH. This analysis aims to explore the potential implications of these withdrawals on the Ethereum economy and address concerns regarding the supply unlock event.
Shanghai presents a unique situation where rewards have accumulated over two years and will be unlocked simultaneously. The excess balance, which is not actively participating in Proof-of-Stake, amounts to around 1.137M ETH or about $2.1B in value. After the Shanghai upgrade, this sum will be automatically withdrawn from the Beacon Chain and transferred to the depositor's Ethereum mainnet address as an automatic balance update.
Validators with 0x00 withdrawal credentials own nearly 75% of the total accumulated rewards, while those with 0x01 credentials will have access to the remaining 25% (equivalent to 276k ETH). In an extreme scenario where all remaining validators update their withdrawal credentials after the Shanghai upgrade, we could see the entire sum of 1.137M ETH exit the Beacon Chain over 4.5 days.
Considering the depositor segmentation, a significant portion of the staking rewards is expected to be locked up again, as large staking providers such as Lido have vowed to primarily re-stake their rewards. Furthermore, non-institutional depositors with more extensive holdings are less likely to feel pressure to sell their ETH, especially given the recent positive market trend.
For full withdrawals, the daily number of validators that can exit is limited by the churn rate, which currently allows for a maximum of 1800 validators (or 57.6k ETH) to be withdrawn daily. Considering the withdrawal period determined by the churn limit, validators must pass through a withdraw-ability delay. This waiting period is 256 epochs for voluntarily exited validators, or around 27 hours long, and for slashed validators, it is 8192 epochs, or about 36 days. We have simulated the accumulated ETH accessible right after the Shanghai upgrade, approximately 45,098 ETH (equivalent to $83.3M).
Most existing validators belong to solo-stakers or stakers from the early days of the Beacon Chain, who are likely to have a high conviction rate. Therefore, most withdrawals are expected to be related to changes in their technical setup rather than completely exiting their position.
Considering partial and full withdrawals, we can model the potential supply pressure during the first week after the Shanghai upgrade. 1.54M ETH ($2.93B) could become liquid in the most extreme case. On the other hand, based on a 50% withdrawal credential update, segmentation of depositors, and different assumptions, our best estimate suggests that 170k ETH ($323M) could be sold.
Comparing these numbers to typical weekly exchange inflow volumes, even the most extreme case of 1.53M ETH is within the average weekly exchange inflow range. This indicates that the unlock event is on a similar scale to day-to-day trade for ETH markets and is unlikely to be as dire as many speculate it to be.
In conclusion, while it is impossible to predict the outcomes of the Shanghai upgrade fully, this analysis provides insights into the potential economic implications of the supply unlock event. The bulk of unlocked staking rewards is expected to come from users redeploying towards liquid staking providers, which have little need to sell due to being underwater. Moreover, Ethereum's Proof-of-Stake exit queue design will limit the amount of stake that can be drained from the pool at once, stretching the economic impact over days.
This piece was the summary of this analysis by Glassnode. If you want to read the full analysis, read this: insights.glassnode.com
Trade Alert - Take ProfitTraders,
Admittedly, I may still be a bit skittish in this bear market. Maybe I am being too cautious? But with tomorrow's Shanghai upgrade on Ethereum happening tomorrow in which millions of Eth will be unlocked AND with this latest candle forming what could end up being a bearish shooting star, I am happy to take my profits here and wait it out.
Closing this trade will bring out win streak to 14 in a row. Congrats to all those who have been following me in these recent trades!
Stew
BITCOIN 1D next supports In previous analyzes we mentioned two important areas that did not resist due to the analysis of the important area and the process of the channel began. I have already identified important support ranges in the chart.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
One of Ethereum's strong scenariosHi, I hope you are well
One of the strong scenarios of Ethereum in this contraction triangle is that we are inside wave b of the big c of this triangle. The wave ba has become a diametric from c itself, which seems to be the same in the wave d of this diametric.
Comment if you have any questions
ETHBTC 2023 Weekly AnalysisA weekly panorama of ETHBTC. Looking good in the long term. As of now, Ethereum is slowly outperforming BTC but we are not quite there yet.
The ETHBTC trading pair is often used by cryptocurrency traders and analysts to determine the beginning of an "alt season." An alt season refers to a period when alternative cryptocurrencies, or "altcoins," outperform Bitcoin in terms of price gains.
The reason why the ETHBTC trading pair is used to determine alt seasons is because Ethereum is considered a key indicator of the health of the altcoin market. This is because Ethereum is the most popular platform for creating decentralized applications (dApps) and smart contracts, and many altcoins are built on the Ethereum blockchain.
When the ETHBTC ratio is increasing, it means that Ethereum is outperforming Bitcoin, which can be a sign that altcoins are gaining momentum. This is because as Ethereum gains value, it attracts more attention and investment from traders and investors, which can spill over into the wider altcoin market.
Conversely, when the ETHBTC ratio is decreasing, it can be a sign that the altcoin market is losing momentum and that investors are flocking back to Bitcoin, which is seen as a safer and more stable investment.
In summary, the ETHBTC trading pair is used to determine alt seasons because it reflects the relative performance of Ethereum and Bitcoin, and Ethereum is considered a key indicator of the health of the altcoin market. When Ethereum is outperforming Bitcoin, it can be a sign that the altcoin market is gaining momentum, while when Ethereum is underperforming Bitcoin, it can be a sign that the altcoin market is losing steam.