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ETH/BTC Spread: Still has way to go to reach the bottomI said in my previous post that I'm eyeing a bottom around 1700 for ETH. The price is currently at 1815 as I am writing this piece. I don't know if 115 points is enough for that indicator to touch the final point of the triangle. That's why I'm bringing the hypothesis ETH may undershoot below 1700 to possibly even as low as 1550 for a couple minutes before bouncing back to 1700, crashing all the other altcoins with it. We will see how it plays out but I'm paying attention to when this indicator touches the bottom of the barrel.
BITSTAMP:ETHUSD
by quantmaven
3
Ethereum Holding a Narrow RangeEthereum is holding a narrow range after the head and shoulders breakdown from $2025. It looked like we were preparing to test this level again, but fell just short and returned to support at $1872. Volatility has consolidated significantly, suggesting a breakout either way can be expected. We will find further support from $1821 and $1795. From above, $2025 will be a significant level of resistance. The Kovach OBV does appear to be creeping up, showing a slight bull divergence, so perhaps a pump is near.
BITSTAMP:ETHUSDLong
by quantguy
2
Potential Ethereum Bullish Cypher Harmonic, +30% gains. (Part 2)Ethereum continues to post more bullish divergences on the Macd as well as the RSI . Ethereum just had an RSI trendline bullish breakout. Ethereum just confirmed the .786 as a bottom in my opinion. This is making me so sure that we are completing the D wave of a bullish cypher which will take up up to 2550-2600$. I think 2550$. If you are short in any crypto it is a good time to close your shorts for about a week. Ethereum is coming up 30% from where we are now. All other cryptos will come up with ethereum . Once we get up to 2550-2600$ that enters potential BEARISH gartley range. Super excited for that. I think that will be the end of crypto for the rest of the year. One step at a time though... we're bullish for a week or two.
Short
by UnknownUnicorn4285265
The truth that the BTC maximalists do not want to hear1. Ethereum becomes really really soon deflationary 2. Ethereum moves from PoW to PoS 3. The idea of introducing smart contracts on l2 (btc) weakens the principle of Decentralization. Keep it real on l1, this is probably what satoshi would have said too 4. Institutions are increasingly interested in ETH because, in addition to a storage of value, it offers other advantages & use cases 5. ethereum is scalable 6. Because bitcoin is so speculative, the whole market is suffering. Shoot this fkn gem of big banks & big companies to the fucking moon. TIME TO DETRHONE THE OLD KING! This is just my personal opinion, of course, can also be different but I hope that it will happen that way!
Long
by Lobotto
6
ETH Rejects the H&S Neckline!!Ethereum made a run for the neckline of the head and shoulders pattern we identified earlier. We saw a nice breakdown and subsequently a run for the neckline again, which we predicted would hold and that is exactly what happened. The neckline at $2027 is a strong technical level and can be thought of as a 'make or break'. If ETH was able to break the neckline solidly, then that would be a very bullish sign. The selloff took us back to nearby levels, however, so we could see another bull push. For now it seems like ETH wants to consolidate around the cluster of levels that separate it from our target at $1795.
BITSTAMP:ETHUSDShort
by quantguy
1
August 4th will be hugei know ive been posting a lotttt of btc and eth charts recently, but guys i really feel like were closing in on a massive move here. im gonna share a little theory i THINK i have in this post lol. you can clearly see the significance of this pink circle band, as it has been the last line of resistance to bullruns. when we find support on this band we go parabolic, historically. well, the next fib time extension from measuring the swings highs and lows of this last cycle falls on august 4th, same day as the upgrade. if you look at the myriad of macro btc charts ive posted, you will see that the beginning of august is lining up to be quite important, i have dates for august 9th, 16th and 24th as important fib intersections. the btc chart, to me, is hinting that the move coming will be to the downside. by quite a bit tbqh, 30% to 50% for the first initial drop then possibly more. obviously btc could very well explode at this time as well, it just feels more likely that it would drop. its hard to explain in a post, but the fall would be from our current macro support line, to the next macro level down, which is in essence separated by the volatility of the corona crash if that makes sense. the discrepancy between the two formed because of the volatility and eventual correction of that volatility, but a macro support formed none the less. meaning, to me, it would take another catastrophic event for btc to fall back to the macro support level that takes into account the corona crash. the fib time and circles line up (for btc) also point to sometime in early to mid august and range to about december of this year... so my thinking is, what if that "catastrophic event" that pushes btc down to those levels is simply ethereum (after the upgrade) making a push to challenge btc's market dominance? could it be that after research and running algorithms, institutional money is far more interested in investing billions of dollars in ethereum over btc? which makes sense because they would want to be STAKING that billions of dollars right? would you wrap billions of usd worth of btc to stake it, or would you simply exchange your billions of USD from btc to ether..... you see where im going with this? what affect would it have on the market if BILLIONS of dollars were exchanged from btc to ether over a very short period of time? does institutional interest believe btc to be dramatically overvalued, considering it has no actual functionality compared to ethereum? if you had billions of dollars, what would you want to do with it? what if all this fud right now is simply the whales planning on dumping billions and billions of dollars worth of btc into the market, knowing that ether is the way to go? what if what if what if lets talk about it
by g0nzo
3
ETH - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. ETH is sitting around strong daily support in green so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? on H4: ETH is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, ETH would be overall bearish can still trade lower and even break the green support downward. In this case, if we have a big bearish daily candle closing below the green support, then the next support/rejection would be the 1700.0 Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:ETHUSDLong
by TheSignalyst
43
ETH Head and Shoulders!!Ethereum was unable to sustain the $2100's yesterday and faced a big selloff that took us back to $2025, the last technical level of the $2K's. We appear to be seeing a head and shoulders pattern forming with a neckline at this level. The inverse Fibonacci extension level forms a good target if we do break down from this pattern and that puts us at $1795. The Kovach OBV has turned quite bearish. If we are wrong, we could test highs at $2400 soon.
BITSTAMP:ETHUSDShort
by quantguy
2
⚠️ ETH - BIG PICTURE ⚠️It's been a while since I posted a chart about Ethereum. I know everything is either collapsing or going through huge correction, But they won't all act in the same way. Compare this chart to Bitcoin, you'll see it too. Bitcoin made a huge noise, it broke out unstoppable and right now this Head & Shoulders are causing a huge collapse. But ETH didn't follow BTC in the ATH run. You guys remember that? It took longer to beat its own personal best and consolidated way more. And now it's not a low as Bitcoin is. Bitcoin is sitting on its last possible support right now forming a bearish formation. But ETH is still far from its first support. Now I'm not bullish on ETH, I know it's possible for more corrections and as you can see MACD defends my idea, But if Bitcoin crashes down to channels such as 19K or lower, it won't happen to ETH, since it way stronger. Maybe even the staking programs on ETH2 surprise us when its time to fall! Overall: ETH is stronger than BTC. They are both going down but they have different destinations! Let's see what happens... What do you think?
by ShawnMCR
3
Ethereum a New Evolution Brewing Still Time to Own At Least One!I know people are starting to sleep on cryptocurrency. Not too much heavy buying and not too much heavy selling. The state of the market is in limbo but these times present great opportunities. If you don't own at least one Ethereum now will be the time to seriously consider making it a goal. If you're trying to build wealth in cryptocurrency with the least amount of risk Ethereum is essential to your journey. I have new Fibonacci levels starting from the swing high of $4395 on May 12th to the swing low of $1695 on June 26nd. Ethereum has been trading between $1695 and $2300. I'd say that Ethereum under $2000 is a steal. Of course these prices can all change depending on Bitcoins mood. If Bitcoin drops to the lower 20ks as many people suggest then Ethereum can easily come down below $1,000. So be cautious as the market sentiment is still extremely fearful. However, the upside potential is extremely strong considering the developments taking place within Ethereum . Post EIP-1559 ( Ethereum becomes deflationary), continued DeFi expansion, and the NFT innovation are some of the catalyst that will have a major positive impact on Ethereum . Even Fox news channel and CNN are invested and experimenting in NFTs which is shocking to me. I believe we will have stagnant price action until there's a decisive move in the market to the upside or further downside. We have been moving sideways for some time which can indicate we're in a heavy accumulation phase in the market. Looking at on chain metrics from Santiment the whale supply held by top addresses have been increasing at an alarming rate since May 22nd. Smart money knows wassup. Ethereum is still very undervalued. Cheers much peace, love, health, and wealth as always! Keep building that crypto wealth for you and your family!
COINBASE:ETHUSDLong
by peacefuljustin
ETH Finds Support, Still Looks WeakEthereum broke down, reaching just above our level at $2025 at the lowest before equilibrating between $2087 and $2143. It seems the $2100's are a comfort zone for ETH right now. The Kovach OBV is extremely bearish. It was this that led us to believe ETH would breakdown from its consolidation pattern earlier, when it peaked up near $2400. Thus there is no reason to expect any bull runs any time soon, aside for perhaps some relief rallies to the broader bear trend. The low $2K handle should provide good support. We have swiftly rejected $1900's in the past, and this trend will likely continue.
BITSTAMP:ETHUSD
by quantguy
1
ETH - Downtrend?ETH is even hitting harder than the BTC, but the sell volumes at the moment are lower than BTC. This support is holding a price up and might even push it up for a bit BUT I can see any strength in it... In case the price started dropping more, that other support line I put on the chart can hold the price up and cause a bounce. If you're opening long positions, be very careful and close with small profits. This market is going to drop, soon! Current Market Price: $2156 Good Luck Tell me your ideas. Like and Share! Follow for more updates.
by ShawnMCR
4