Ethereum-bitcoin
ETH TO $10,000!!Given the macro bullish outlook, ETH has the potential to surge to $10K if it successfully breaks out of the current triangle pattern. At present, ETH appears to be in wave 4 of the larger-degree triangle structure. I anticipate that by Q3, ETH will reach the final bottom of its subwave E , setting the stage for a powerful rally toward $10K.
ETH/USDT : More Bullish Move Ahead? (READ THE CAPTION)By analyzing the #Ethereum chart in the weekly (logarithmic) timeframe, we can see that the price is still within the range we discussed a few weeks ago. As mentioned earlier, the $2100 to $2450 zone is a critical support and demand area. After Bitcoin's rise above $74,000, we can anticipate a similar strong move from Ethereum. The next targets for Ethereum are $2820, $3079, $3700, and $4090.
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Ethereum (ETH) - Crabs remain in control!It remains anemic.
For me it is not a trading zone and should be treated with caution. As it keeps making lower highs and trend is down on the daily
Weekly is holding by a thread. Take action if it breaks below
Below 2,300 = Red button.
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Most altcoins look like this. Only a few are still somewhat attractive, but unless this low holds. I see no reason to blindly bid on “support”.
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Safest entry above $3k.
Treat everything as resistance until that level is recovered.
ETHUSD Potential for a channel breakoutETHUSDT has been consolidating since the beginning of the month, forming higher lows, indicating increasing buying pressure. On the weekly timeframe, the formation of a double bottom signals a potential reversal. While the market may continue to consolidate, it's likely to establish a range just below the channel border before a potential breakout.
If the market breaks and closes above the previous week's high, we can anticipate further upward momentum. The target for this move is the resistance zone around 2597.00, signalling a shift toward a bullish trend
BITCOIN - Don't Miss This Move Hey Traders,
It look likes that Bitcoin has completed its first impulse up. Break of 8H 50 EMA means that the correction has started. Expecting this correction to be completed around our buy zone.
LONG Setup:
- Wait for subwave 2 to be formed.
- Watch any rejection at the buy zone
- Stoploss: Below recent lows
- Targets: 73k,80k,90k, and 100k
Good Luck and Trade Safe.
Is ETHBTC Pair Turning Bullish?ETHBTC pair can be turning bullish, as we see strong rebound after a completed corrective decline by Elliott wave theory.
We talked about ETHBTC pair back on May 14th, where we mentioned and highlighted the completion of an (A)-(B)-(C) corrective setback with the wedge pattern within wave 5 of (C).
As you can see today on July 05, ETHBTC pair bounced from projected 0.045 support area, which can be signal that it’s turning back to bullish mode, especially if breaks back above 0.061 region.
Regarding dominance in the Crypto market, ETHBTC chart can be one of the reasons that ALTcoin dominance may kick in soon, so new ALTseason could be around the corner.
$ETH is weakening against $BTC in LTF?#eth / #btc pair rallied in last 2 months period and needs to rest i think. A bearish divergence is formed in #ethereum against #bitcoin chart. Retrace to red box is necessary. Breaking up the channel with huge volume is the invalidation of divergence. Not financial advice.
Ethereum vs. Bitcoin: Diverging Paths of Long-Term HoldersThe behavior of long-term holders is a key indicator for understanding where we are in the market cycle. Here’s why : As prices rise, long-term holders start selling the assets they’ve accumulated over time. Historical data shows that this profit-taking usually begins in the early stages of a bull market and continues past the cycle peak. Monitoring this activity can help estimate market peaks with greater accuracy.
Given Bitcoin's significant influence over the rest of the market, it is often the most straightforward asset to use for measuring these cycles, as other cryptocurrencies tend to follow Bitcoin’s lead.
However, examining this data for Ethereum reveals an intriguing divergence. While long-term Bitcoin holders began selling in January, long-term Ethereum holders have continued to accumulate. This contrasts sharply with their behavior in the last cycle, where it closely mirrored that of Bitcoin holders.
The reason for this shift? Numerous yield opportunities have emerged for Ethereum, making it more profitable to hold. Currently, 27.5% of the total CRYPTOCAP:ETH supply is staked, with 16.3% of this staked ETH being restaked through protocols like Eigenlayer. This highlights the strong appetite for native yield among ETH holders.
Additionally, long-term holders may be waiting for the Ethereum ETF approval and new all-time highs before deciding to sell.
ETH/BTC REVERSAL?Could we finally see a breakout of the downtrend channel now that ETHBTC has bounced off the range bottom?
Bullish scenario: If we see a breakout of the trend channel and new HH & HL then ETH could finally be ready to move up after the approval of the ETH ETF's.
Bearish scenario: If the range low is lost and price is excepted at those levels then the downtrend continues...
I do think the general market did not expect an ETF approval so soon and so the inflows we saw for BTC were just not ready to capitalise on the ETF.
Strong Monthly Altseason Argument ETHBTCThe Gaussian Channel shows a bullish trend on this Monthly timeframe with a strong bounce off the middle line of the channel.
This as a point of reversal allows ETHUSD and other altcoins to out perform BTC on a Monthly scale.
I think BTC will Top very early compared to that of Ethereum and other altcoins.
Massive Drawdown or Rally vs Bitcoin AheadEthereum is about to lose most of its value vs. Bitcoin, or gain near equal footing with it instead.
What are the scenarios, and why?
Bear Scenario:
Lost a 7.2 year uptrend - failed to reclaim on re-test, failed to touch bottom of trend on re-test.
50/200 week MAs Death Cross
Remain below on any further possible re-tests, expect ETH to lose >90% its value vs BTC
Bull Scenario:
Fake Breakdown - 7.2 year uptrend is reclaimed upon testing the 200 week MA following the death cross.
This leads to a breakout at the other end of the wedge.
A fake breakdown leading to a breakout at the top of the wedge would target ETH becoming near equal in value to 1 BTC
💎 ETHEREUM (ETH) - Investment Opportunity (READ THE CAPTION)Upon analyzing the #Ethereum chart on a weekly (logarithmic) timeframe, it is observed that the price had grown by 169% from October 20, 2023, to March 11, 2024, reaching $4090, before finally experiencing a drop and correcting down to the $3000 range. After a correction, it is likely that we will see Ethereum grow back to its previous high of $4850. The long-term targets for Ethereum, in order, are $5000, $5500, $6600, and $8500.
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Best Regards , Arman Shaban
Pepe's Bullish Scenario. This run is not over yet. #PEPEThis run is not over yet. Pepe has been consolidating for some time in what is looking like a massive bull flag. The upside from, if this LTF IHS as well as the HTF flag plays out, is very very large. I am VERY BULLISH PEPE. THIS IS NOT FINANCIAL ADVICE.
Ethereum will drop as liqudity goes to BitcoinAs are currently seeing price of ethereum dropping as bitcoin sucks liquidity from all altcoin and driving the bitcoin dominance higher as a result we have seen in previous cycle that once we see a breakdown of the ETH/BTC pair most altcoin will bleed heavily. so I expect on a probability view that price will retrace lower during the next few month before the first interest rate cut!!
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💎 LITECOIN (LTC) - More Bullish ? What's the Targets ? (READ)By checking the chart of #Litecoin in the weekly time frame, we see that based on the previous analysis, the price has started to grow and we are witnessing a 9% return so far! I still expect more growth from this crypto! ! The targets of this cryptocurrency are $92.5, $115, $200 and $268 respectively!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
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BTCUSDT | 4H | TECHNICAL CHART Hello traders, If buying doesn't come in at the 65,000 level for Bitcoin, it will drop down to the 62,000 level.
I have determined the formation target on the chart. I wish everyone success.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck