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Ethereum ETH Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”. This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week. Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge! I assume we are about to witness a major selloff in the crypto industry. My Ethereum ETH Price Targets: ETH/USDT short Entry Range: $1700 - 1800 Take Profit 1: $1630 Take Profit 2: $1510 Take Profit 3: $1380 Stop Loss: $1900
Short
by BuySellMarketMaker
Weekly Market Update - March 24 2023What Happened This Week? Bitcoin $BTC and ether $ETH hit 2023 highs this week, as the Fed raised interest rates but signaled a coming pause given continued banking woes. Takeaways: Banking woes continued as UBS bought rival Swiss bank Credit Suisse to stem a brewing crisis. In a coordinated action, the Federal Reserve and other central banks increased liquidity in the U.S. dollar funding markets, resulting in a boost for bitcoin (BTC) and ether (ETH) prices, which both hit 2023 highs. The Federal Reserve announced a rate increase of 25 basis points (bps), but signaled a coming pause. UBS Buys Credit Suisse in Bid to Avoid Further Bank Contagion: Following the collapse of Silvergate, Silicon Valley Bank (SVB), and Signature, this week brought further banking turmoil as Swiss bank UBS stepped in to rescue its rival Credit Suisse for $3.25 billion USD in a bid to avoid further panic in global financial markets. The Swiss central bank is also set to provide support for the deal with a loan of 100 billion Swiss francs backed by a federal default guarantee to help support the deal. Central Banks Join Forces to Increase U.S. Dollar Liquidity, Giving Crypto a Boost: The Fed, along with five other central banks, announced on Sunday, March 19, 2023, coordinated action to boost liquidity in U.S. dollar funding markets. This marked an important shift in market conditions and signaled a possible end to the quantitative tightening which has been a major headwind throughout the past year. The news helped to push bitcoin (BTC) and ether (ETH) higher at the start of the week, both reaching new YTD highs of ~$28.9k USD and ~$1,846 USD respectively. Prices then consolidated in the build up to Wednesday’s highly-anticipated Federal Open Market Committee (FOMC) meeting, with interest rate expectations changing dramatically over the past few weeks. Fed Raises Rates Again, But Signals a Potential Pause: Despite the recent bank failures and growing concerns around the banking sector, the Federal Reserve announced a 25 bps rate increase at the latest FOMC meeting on Wednesday, as they push ahead in their fight to tame inflation. The FOMC, however, signaled that rate increases may be coming to an end, depending largely on incoming data. The latest Fed dot plot , which outlines interest rate expectations from Fed officials, suggests only one more 25 bps hike is likely this year. Federal Reserve Chair Jerome Powell highlighted during a Wednesday news conference that the Fed had considered a pause in rates due to the recent banking crisis, but unanimously chose to raise rates given inflation data and the strength of the labor market. At the news conference, Powell stated “ if we need to raise rates higher, we will ,” which markets received as more hawkish than expected in light of the recent stress across the banking sector. This led to all the major U.S. indices sliding lower into the close, and crypto prices pushing lower too. Bitcoin Takes Mild Dip Following Rate Increase, But Remains Strong: Bitcoin (BTC) faced strong resistance throughout the week at the ~$28.4k USD level, before briefly touching below $27k USD following the Fed's latest policy decision. However, Bitcoin remains the main focus among crypto with Bitcoin Dominance reaching another year-high of 47.8%. XRP Has Strong Week, and Arbitrum Airdrops Token: In altcoin news, XRP was among the biggest gainers this week, with its price increasing by over 20% at one point as investors grew more confident that a ruling in the long-running court case between the SEC and Ripple would resolve in their favor, following a supplemental notice submitted by Ripple on Monday. The outcome of the case is being closely watched by many, as a positive result for Ripple could set a crucial precedent for crypto. Arbitrum, one of the largest Ethereum Layer 2s, with nearly $2 billion USD in total value locked (TVL), launched a token airdrop on Thursday , with 11.5% of the total supply going to eligible Arbitrum users and 1.1% to DAOs that operate on the Arbitrum ecosystem. The token will be used for governance relating to Arbitrum One and Arbitrum Nova. Read more about this and our topic of the week, interest rates. See you next week. Onward and Upward! Team Gemini *This material is for informational purposes only and is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations, or (iii) an official statement of Gemini. Gemini, its affiliates and its employees do not make any representation or warranty, expressed or implied, as to accuracy or completeness of the information or any other information transmitted or made available. Buying, selling, and trading cryptocurrency involves risks, including the risk of losing all of the invested amount. Recipients should consult their advisors before making any investment decision. Any use, review, retransmission, distribution, or reproduction of these materials, in whole or in part, is strictly prohibited in any form without the express written approval of Gemini.
GEMINI:BTCUSD
by Gemini
ETHEREUM ETH price moves clearly, a good asset to tradeThe global idea for ETHUSDT that we published more than a month ago is still relevant and is being developed well. The ETHUSD price has entered the $1750-2000 liquidity zone and the process of "braking" growth has begun. It seems that it is still not strong enough to break above $2000, and a correction is needed. If during the correction, ETH buyers manage to keep the price above $1600, it will mean that they have the strength, motivation, and goal to drive the price much higher. We also expect a correction on the BTCUSDT chart. The idea that we published at the beginning of the week is relevant, we just have to wait a little bit) Have a great weekend ____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
49
Ethereum - ETH traffic light scenario🚦Update on my Ethereum traffic light scenario🚦 🔴Bearish phase TKD indicator turned red 🟡ETH accumulation phase TKD indicator forms a top 🟢Bullish phase TKD indicator turned green - seems only a question of time - short time❓ Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BITSTAMP:ETHUSD
by Crypto4Everybody
1
⚖️Does Ethereum repeat the sixth movement(6)❗️❓⚖️Today let's take a closer look at Ethereum in the weekly time frame. Do you see similar movements❗️❓ As you know, the price movement depends to some extent on the previous movements, so if we want to compare the previous 6 movements of Ethereum in the first correction phase with the current 6 movements, We should look for evidence and similar movements.🔎🔍 ⚖️ Similar movements ⚖️: The movements of Ethereum microwaves in the correction phases are almost similar to each other. The third movement (3) in both moves are 50% Fibonacci movement 1-2. The fourth movement (4) in both moves are 78.8%-61.8% Fibonacci movement 2-3. The fifth movement (5) in both moves are 78.8% Fibonacci movement 3-4. The fifth movement (5) in both moves are 61.8% Fibonacci(Extension) movements 2-3-4. The angles of both support lines are almost equal. There seems to be good evidence that these two corrective moves are very similar, so we can expect the sixth movement (6) to be perhaps a bit slower than the first corrective movement (the sixth movement (6) was sharper under the influence of 🦠Covid🦠). Ethereum Analyze ( ETHUSD ), Weekly 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.
BITSTAMP:ETHUSD
by pejman_zwin
4
ETH/USD Daily Levels - March 10th, 2023Hey traders, Quick update from my previous Ethereum read, it looks like the move is playing out exactly how we expected it to and we are on target for $1,287, or the bottom of the accumulation zone marked in green on my chart. We saw the short opportunity at $1,645 and then now we’re seeing the quick drawdown out of the distribution zone and back to the accumulation zone. We might see a wick down to $1,110 because that’s where this long term trendline is and would be the lowest point we could touch before we create a higher low. Anyways, really expecting $1,287 to hit, at this point we’ve been calling $1,347 and that’s a given. $1,347 will hit almost for certain, just patiently waiting on my $1,287 bids at this point. However, do be cautious as we could reach down into some of the $1100-$1200 gap territories. All the best!
BITSTAMP:ETHUSD
by kyer
3
Can Ethereum pass the Price Reversal Zone(PRZ)❗️❓Currently, Ethereum is moving in the Price Reversal Zone (PRZ), so it is better to get to know the quality and power of PRZ to answer the question of the title of this post. What factors does the PRZ for Ethereum include in the daily time frame❓ (The higher the number of overlapping factors ⏩⏩⏩The strength and quality of the PRZ or resistance/support zone is greater.) ⚫️Most important downtrend line 🟡Cluster of Fibonacci($1,632-$1,589) 🔴Upper line of descending channel 🔵50 day Simple Moving Average(50_SMA) 🟣Monthly Pivot Point($1,603.38) According to the above factors, PRZ has an huge strength, so, I expect that Ethereum will not be able to break PRZ in the first attempt and that Ethereum will decrease to the middle line of the descending channel and the uptrend line in the coming days or even hours. Ethereum Analyze ( ETHUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position that 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.
Short
by pejman_zwin
8
ETH will catch up soon. When to buy? (NEW)ETH has been holding much better than bitcoin. It has also bounced much more than BTC. We expect that ETH will ´catch up´ and it will drop more if the sentiment overall remains bearish. It wouldn´t be surprising if we see a strong FUD regarding ETH which would cause a stronger price drop. ETH real capitulation most likely would cause a huge dump in the whole altcoin market. In the chart you can see (green horizontal trendlines) where are good levels for a dollar cost averaging (for a long term investment or playing a bounce) . Many altcoins will die and will never come back, but we believe that despite a huge drop , ETH will survive and will perform very well in the next bull market. Good luck.
BITSTAMP:ETHUSDShort
by vf_investment
16
Ethereum Analyze (Short Term,15-minute Time Frame,02/18/2023)!!!Ethereum is moving in near its important downtrend line, at the same time, it seems to have found the end of wave B near this line and PRZ. I expect Ethereum to drop at least until the first PRZ, although further price drops are possible. Ethereum Analyze ( ETHUSDT), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position that 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.
Short
by pejman_zwin
11
Ethereum | Seems like Ready for Bullish Rally..!!#ETH is Getting Ready for Massive Bullish Rally. 📈 A Decisive Daily Candle close above the Major Descending Trendline will signal a clear Breakout and potentially initiate a strong Bullish Trend. Once Daily Candle Close above the Major Trendline, #Altseason2023 will Officially Start. ✍️ Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
Long
by Faibik
4