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TradeCityPro | Ethereum Full Analysis👋 Welcome to TradeCityPro! In this analysis, I will review the most popular altcoin in the market, Ethereum. As the second-largest cryptocurrency, Ethereum not only enjoys immense popularity but also has widespread applications, particularly in DeFi. If you've been following our updates, you're likely aware of the potential and profits that DeFi offers. 📅 Weekly Timeframe: Trendline Reaction and Continued Uptrend In the weekly timeframe, a long-standing ascending trendline has supported Ethereum's price four times over the past two years. 🎲 Recently, the SMA99 has aligned with this ascending trendline. Along with the critical $2,199 support, it forms a powerful PRZ (Potential Reversal Zone). Additionally, the RSI found strong support at 38.52, preventing further price drops and resulting in several green candles. Given the significant buying volume, this upward movement seems poised to continue. 🔴 The next resistance for Ethereum is at $3,882. If this level is breached, the only remaining obstacle is the ATH at $4,685. 📈 In the event of an ATH breakout, the Fibonacci targets are $10K to FWB:12K , a highly significant range that could become realistic during an altcoin season. However, this doesn't guarantee that the price will hit these levels or stop there. Always wait for trend confirmation. Exit early if the price reverses at lower resistances, and stay invested if the trend remains strong at higher levels. 🔽 Currently, the bullish momentum appears strong, making a decline less likely. However, if the price closes below the trendline and SMA99, and breaks the $2,199 trigger, the bullish scenario will temporarily be invalidated. The next key supports would be at $1,523 and $1,023. 📅 Daily Timeframe: Second Leg of the Uptrend After Box Breakout In this timeframe, near the ascending trendline, a clear accumulation box accompanied by a positive RSI divergence can be observed. After breaking the SMA99 and the box, the price experienced a solid rally and reached the $3,367 resistance. 🔑 Today, the price has managed to stay above this level so far, but confirmation will depend on the daily candle close. 📊 The candlestick volumes look strong, with no signs of weakening. If the RSI enters the Overbought zone, we can expect a price pump. 📉 Upcoming resistances are at $3,712 and $4,086, with the primary resistance being the ATH at $4,828. Although far from the current price, the strong upward momentum could lead Ethereum to this level soon. ✨ If the price fails to confirm above $3,367 and a correction begins, the key supports to watch are $3,054 and $2,743. However, given the current bullish momentum, any correction might be limited to $3,054. A deeper correction would reset market excitement and reduce bullish momentum. 📅 4-Hour Timeframe: Futures Triggers Now, let's discuss futures trading triggers. As covered in higher timeframes, I will focus solely on futures trading setups in this timeframe. 💥 For long positions, a breakout above $3,533 or a pullback to $3,295 could serve as good entry points. The SMA99 is relatively close to the price, adding strength to these levels. If the RSI breaks above the 70 level and buying volume increases, the price may experience significant growth. ❌ Currently, I won't suggest any short positions as they go against the market momentum. I will wait for confirmation of a trend reversal before entering a short trade. 🔒 The bullish momentum will likely persist as long as the RSI remains above the 50 level. 👑 ETH/BTC Analysis 📅 Weekly Timeframe: Strong Bearish Momentum Let’s compare Ethereum to Bitcoin. In the weekly timeframe, after breaking $0.05154, a double-top pattern activated, pushing the price downward. A curved trendline has acted as a significant resistance, keeping the price below it for nearly two years. 🔫 Currently, the nearest support is at $0.02998, which is crucial. If this level is broken, Ethereum will face significant challenges in gaining value relative to Bitcoin. 🪤 If the RSI breaks above 38.55, it will signal the first sign of a trend change. A breakout above the 56.07 resistance would confirm a momentum shift, and with candle confirmation, a trend reversal would likely follow. 📅 Daily Timeframe: Reaction to the Trendline In the daily timeframe, the bearish trend remains evident, similar to the weekly chart. However, a positive RSI divergence is forming. If the RSI breaks above 50, this divergence will activate. 💣 A trendline near the price’s lower boundary recently saw a fakeout. The price is currently above this level. For the divergence to activate, a price trigger is required, which at the moment is a breakout above $0.04099. ✅ Alternatively, a trend reversal based on Dow Theory could also serve as a long trigger, confirming a change in trend. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
25
BTC Leads, ETH Follows: New ATH Ahead?Bitcoin Leads, Ethereum Follows: Will History Repeat This Bull Run? During the 2020 bull run, Bitcoin (BTC) reached its all-time high (ATH) of $20,000 while Ethereum (ETH) lagged behind, trading at just $600. When BTC surged to $42,000 (more than doubling its previous ATH), ETH gained momentum and broke its previous ATH of $1,400. Historically, Bitcoin has always led the market during bull runs, with altcoins like ETH following once BTC enters a long consolidation period. This pattern seems to be repeating. When BTC recently hit a new ATH of $73,000, ETH was trading at $3,200. If BTC begins another consolidation phase at $100k, we can expect Ethereum to push towards a new ATH, alongside strong bullish moves in other altcoins. As history shows, Bitcoin's consolidation often serves as a catalyst for Ethereum and altcoin rallies. BINANCE:ETHUSDT BINANCE:BTCUSDT CRYPTOCAP:ETH CRYPTOCAP:BTC Regards Hexa
BITSTAMP:BTCUSDLong
by HexaTrades
Eth bullrun is imminent In my opinion ethereum versus bitcoin has tapped the bottom, feels like some sort of fake distracting breakdown which gains strength again very soon , all the bottom i can imagine for ethereum is here where we are , RSI even in monthly timeframe is extremely oversold, Remember we wont have the real altseason without eth riding the wave so be ready for a massive price gain from the king of altcoins . It’s definitely one of the weirdest looking charts ever seen but more than 1000 days of range and falling will give us a strong come back . I think we will aim for the red trend line and have a little lingering consolation before the full send which matches with my btc.d view and the altseason map. Stay safe fam
by mastershark
Ethereum's Fading Dominance: A 2023 Trend That Could ContinueEthereum's relative strength against Bitcoin has been waning throughout 2023, and technical analysis suggests this trend may persist. A Breakdown in the Making Ethereum (ETH) has been showing signs of weakness relative to Bitcoin (BTC) throughout 2023. This trend and a recent technical breakdown suggest that ETH/BTC could continue its downward trajectory. Key Technical Indicators 1. Relative Strength Index (RSI): The RSI for ETH/BTC has been declining, indicating a loss of momentum in Ethereum's price action relative to Bitcoin. 2. Moving Averages: The 50-day and 200-day moving averages for ETH/BTC have crossed over, forming a bearish "death cross" pattern. This pattern often signals a potential downtrend. 3. Support Levels: ETH/BTC has struggled to hold onto key support levels, suggesting that selling pressure is increasing. Why is Ethereum Losing Ground to Bitcoin? Several factors may be contributing to Ethereum's relative weakness: 1. Network Congestion and High Fees: Ethereum's network has been plagued by congestion and high transaction fees, particularly during periods of peak demand. This has led to a decline in user experience and network adoption. 2. The Rise of Layer-2 Solutions: While Layer-2 solutions like Arbitrum and Optimism have helped alleviate some of the congestion issues, they have also fragmented the Ethereum ecosystem. 3. Competition from Other Smart Contract Platforms: Other smart contract platforms, such as Solana and Cardano, have been gaining traction and challenging Ethereum's dominance. 4. Bitcoin's Growing Institutional Adoption: Bitcoin has been increasingly adopted by institutional investors, who view it as a store of value and a hedge against inflation. This increased demand for Bitcoin could be driving capital away from Ethereum. The Potential Impact of the Merge The Merge, a significant upgrade to the Ethereum network, was expected to improve network efficiency and reduce energy consumption. However, the impact of the Merge on Ethereum's price performance has been mixed. While the Merge may have long-term benefits for the Ethereum ecosystem, it has not been enough to reverse the short-term trend of ETH's underperformance relative to Bitcoin. Conclusion Ethereum's relative weakness against Bitcoin is a concerning trend for ETH holders. The technical indicators suggest that ETH/BTC could continue to decline in the coming months. While the Merge was a significant milestone for Ethereum, it may not be enough to offset the challenges facing the network. Investors should closely monitor the price action of ETH/BTC and be prepared for further downside. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Please conduct your own research or consult with a financial advisor before making any investment decisions.
Short
by bryandowningqln
ETH/BTC - The fastest horse in the raceWhile I recently laid out why I think COINBASE:ETHUSD has a bullish setup brewing, I want to turn attention to BINANCE:ETHBTC . While I think both BTC and ETH have bullish setups, a case can be made that ETH is about to begin outperforming BTC and we'll likely see a period of outperformance for ETH. Currently forming on the BINANCE:ETHBTC weekly candlestick chart is a bullish engulfing setup coming off of an RSI divergence. These types of setups can be quite explosive once price breaks above the weekly candle high and starts moving. If this pattern plays out then the next major overhead resistance is in the 0.54-0.56 region. Beyond that the next major resistance is just below 0.08. As always, we need to practice proper risk management, so for this setup the invalidation level is around 0.0345. Also keep in mind that the weekly candle has not yet closed so we are simply watchin for the potential at this point. For a good, solid setup we'd want to see very little upper wick when this weekly candle closes.
Long
by krugman87
3
ETH/BTC - A potential path for the next 9 monthsI think BTC needs to hit 100k before alts need to go up, probably will in 2 weeks or 1 month and a half (I get this forecast from a past post) as my last ideas with BTC pairs, doesn't mean ETH is gonna go down. So yeah probably needs to test that 0.786 at ~0,032 before a nice rebound, and probably this is what gonna happen if BTC hit 100K. That would make ETH at 3200 USD (~+3%) when BTC 100K (~+10%) target are 10-12k for end of the bull run Not financial advice cheers
Long
by onemorewine
ETH is bullish (8H)This analysis is an update of the analysis you see in the "Related publications" section Without hitting our entry range, it was pumped with positive news and reached TP 1, an important supply range has been cleaned. It is expected to move to TP 2 after pullback towards the green box. Closing a candlestick below the invalidation level will violate this analysis 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
by behdark
4
Ethereum | Sharks stockpile over $6 Billion in EthData from cryptocurrency analytics platform Santiment has revealed that so called ‘Shark’ addresses on the Ethereum blockchain have over the past year stockpiled over $6.2 billion worth of the second-largest digital currency by market capitalization.these addresses are defined as those holding between 10 and 10,000 ETH, or between $17,500 or $17.5 million worth of the cryptocurrency, and their supply has grown by 554,000 ETH in the past week, according to the platform’s data. Meanwhile, however, while ETH sharks have been accumulating heavily, whales on the network have “collectively dumped 9.4 million in the same timeframe.” These whales are defined as addresses holding between 10,000 and 10 million ETH, meaning from $17.5 million to $17.5 billion worth of the cryptocurrency. crypto forums are paying close attention to the various banking crises occurring globally. The company notes that “laws and policies going forward may have a dramatic impact on the trajectory of cryptocurrency”. Notably, Ethereum is set to undergo its highly-anticipated Shanghai-Capella upgrade, often referred to as Shapella, upgrade on April 12. The upgrade includes one key feature, with Ethereum Improvement Proposal, EIP 4895 will allow for withdrawals of staked Ether on the network, a functionality that wasn’t implemented when the network merged with the Beacon Chain and transitioned to a Proof-of-Stake consensus.the upgrade will also feature three other improvements aimed at optimizing gas costs for certain activities. The upgrade is set to take place on April 12 at epoch number 620,9536. Shapella is coming after multiple phases of public testing on three testnets, including Sepolia, Zhejiang, and Goerli. The upgrade was earlier this week deployed on the Goerli testnet as a final rehearsal ahead of the mainnet launch. The price of Ethereum is $1,820 today with a 24hour trading volume of 14 billion dollar. This represents a 5% price increase in the last 24 hours and a 27% price increase in the past 7 days next targets are 1830, 1840 and 1850$
Long
by moonypto
6