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ETHEREUM CLASSIC (ETC-USDT)- LONG Hello traders, Here is a new analysis of Ethereum Classic(ETC-USDT) on the 8 hour chart. ETC has had an impressive rise recently. Etherum Classic broke out on high volume above the old all time high. Therefore, this rise also seems to me to be sustainable for the longer term. The RSI is currently at a very high level so it remains to be seen whether we will continue to rise immediately. Possibly we will get a negative divergence after which a correction will take place or the high level of the RSI will cause an earlier correction. The targets for Ethereum Classic are now: -> Target 1 88 USD -> Target 2 127 USD Support for ETC is now at 63, 55.50, 48.80. A very important support level is at 44.27. I remain bullish above this level but below it we can further correct to possibly the bottom of the rising trend channel. This is of course also a perfect Low Risk Reward buy after which you can calmly wait until the top of the channel is hit again. The longer trend is up untill we are not in a rising trendchannel anymore. Very important is to determine your trading time frame! A trend on the 1 hour timeframe can be down while on the 8 hour time frame it is up. The market is very volatile so good stops in strategic places are needed to protect profits. Discalaimer: this is not a trading advice but purely my personal view on this fund.
Long
by PegasusTechCharts
12
Uniswap (UNI) Forming Road to $50 then $100? V3 & EIP1559 Everybody's favorite Unicorn. Yes I said it. We're on our Unicorn path to $100. The reality is another +130% increase from these price levels will put us at a $100 Uniswap. And if we continue to hold this bull trendline we may be there by next year. With these bull market conditions another 1.3x isn't too farfetched. We still have yet to see the full post network effects from the highly anticipated V3 upgrade coming into Uniswap tomorrow. Another huge factor in Uniswap's price I believe is Ethereum's EIP1559 effect on Uniswap. Ethereum's EIP1559 essentially means every transaction on Ethereum will burn ETH gas FOREVER. Meaning the supply of Ethereum will be diminished every year. I can only imagine how that will effect the price of Ethereum and Uniswap in the long term once Ethereum switches over to proof of stake and Ethereum becomes a scarce asset. Uniswap is already 52% through it's circulating supply and its hard capped at 1,000,000,000. The total value locked ( TVL ) has grown exponentially by over $6 billion dollars since October of 2020. Uniswap is only at a $22.5 billion dollars as a global decentralized Exchange which to me is undervalued for the value Uniswap brings to entire crypto space. As DeFi and Ethereum grows so will Uniswap. I can literally go on for days about Uniswap because there's a lot of upside. I'm very bullish about Uniswap this cycle and still holding my bag throughout the rest of the year. Cheers! Much peace, love, health, and wealth!
COINBASE:UNIUSDLong
by peacefuljustin
9
ETH x Binance Legacy Chart: the road to 10KFor today a very special Ethereum chart: the complete history of ETH on Binance! A chart of almost 4 years of price action of Ethereum (soon to be the biggest cryptocurrency) and Binance; the exchange that was very small on the 17th August 2017 (where this chart starts) and now the biggest CEX. Do you see the link here? Ok, some bold claims, lets dive into Ethereum, Bitcoin and the crypto market as a whole with an indepth analysis of why, how, what and when. Remember; this analysis is purely educational and reflects my opinion and it is meant for an open discussion on the topic and not as financial advice. Why is Ethereum market leader? Ethereum is the infrastructure blockchain of the crypto space, it represents the most adoption, usage, transactions / fees and (in my opinion) soon the highest market cap. The reason is because Ethereum became the standard and benchmark blockchain in the space because of its revolutionary technology and team of developers who built it over the years. This makes ETH the most attractive blockchain to use for developers for the following reasons: - Decentralization (this is what crypto is for, missing this piece kills the whole point) - High security / trustworthy - Biggest adoption in the market (standardization) - Compatibility (for numerous use cases; wallets, exchanges, tokens etc.) - Biggest developer community - Layer 2 scaling and performance solutions With the following downsides: performance and scalibillity. Now you might think; well, how I should I care; I am an investor/trader, not a developer. Well, my answer to that is; you are a tech investor / trader by investing in crypto; therefore technology will always be the main driver of the market - not hype. So in the end its simple; the best tech wins and for now; that best tech is Ethereum. Sure, there are many promising competitors but they are miles behind and will need years to get even close to what ETH has accomplished. So, if the market is tech driven, we need to side with developers. So if developers choose Ethereum, we should do the same. However, that is not to say to not be exposed to any other coin or to say competitors are worse or would not be able to compete with ETH; that is just to state the status quo and the projection of at least a few years ahead: Ethereum is market leader. How will Ethereum develop? We all know about the ridiculous gas fees and performance issues around Ethereum (and even Bitcoin). The reason is simple; proof of work has been the first standard set to decentralize networks and to incentivize participants to maintain the network's trust and security in real time (lets call it 1G). Now, however; there is a more effective way to tackle this problem; proof of stake (lets call it 2G) with more performance, security and efficiency. This is why a lot of new infrastructure blockchains have a better performance ratio than Ethereum and why some may think; those chains will outcompete ETH. I do not think that will happen soon, it may happen somewhen in the future but I don't see it happening in the coming 3 years but maybe not even within 5 years from now. Given I don't have a crystal ball to look into the future; 5 years is my max range. So first off; Ethereum has a bunch of upgrades coming to improve performance and scalability. This will be challenging because they need to replace the engine of their cars while keeping the car running on the road. A potential risk indeed however the perfect test for vigilance of the team and network itself to prove my 5 year projection. If they pull off ETH 2.0 without major problems and they have significantly improved their performance and scalability; a new era for ETH has opened. So lets quickly go over the updates: - Beacon chain: staking mechanism for ETH 2.0 (implemented on December 1st, 2020) - Berlin Fork: reducing gas fees - successfully implemented on April 16, 2021 and gas fees are down already. - London Fork: transaction focused; fees + deflationary ETH through token burn (coming July 2021) - Shard chains: scalability, performance and POS transaction protocol for ETH 2.0 - The Docking: Implementing the Beacon and Shard chains and live is ETH2.0 with proof of stake (2022) The upgrades above are the most important steps for ETH becoming fully proof of stake and a deflationary cryptocurrency. By doing so, ETH elimenates scalability and performance issues and will evolve inflationary ETH1.0 into deflationary ETH2.0. What will change for the price of Ethereum? The consequence of the innovations will be simple; the price of ETH will go up. That is, if all implementations are successful and there is no sudden hard fork forced by an error around implementing any of the new protocols. There is always a risk involved with these upgrades and if they fail; a lot of damage can be done to the network and the ETH price. However, given the team's expertise, experience and their history of many successful upgrades and hard forks in the past; there is no reason to believe they can not pull it off. However, I just want to mention this risk as nothing in life is risk free. So lets dive into the chart; as you can see we had two major bull runs for ETH; one in 2017 and one ongoing right now. The ATH of 2017 was around 1400$, right now we just did 2x of that; so we aren't close to the top in my opinion but again, everybody to their opinion and analysis but here is mine... The 2017 bull run was insane, no one would have believed in a 1400$ ETH but there it was! Now I see a similar and even stronger parabola playing out; the difference being that 2017 was pre-adoption and we are now in the early-adoption phase. A very important is example of that is that ETH is finding early adoption in Defi with selling EU bonds through digital notes through the Ethereum blockchain. You would never see the European Investment Bank come even close to crypto in 2017, let alone actually using it. So that's the main difference between 2017 and now and in my opinion more of such adoptions will follow if the above upgrades and test cases from the EIB are successful. Technical analysis I have to say, I had many difficulties potentially finding a top Ethereum, especially at times when everyone was bearish due to the high gas fees and the success of BSC. When I dove back into charts and the fundamentals however; a much clearer picture comes to light. I drew two Gann fans one for the 2017/2018 parabola and one of the 2020/2021 parabola. Point of interest is the blue support line of the 2017/2028 run with 3 touch points; support for the start of the parabola, support for a new run up and the start of the bear market. The inflationary pressure combined with the bear market gave us a damn good entry on ETH; with an absolute low of around $85 just over one year ago (!). Times have changed so fast! From that bottom we have rallied over 4000% to the current price level of around the historical number of $3300. This week we had an historical breakout (!) but first let's get into the numbers of the current bull run thus far. On April 7th we broke out of the triangle formation with a breakout target of 1475$ (purple line) - perfectly aligned with the first "top" and major resistance during this run. The end? No, because at that point we effectively formed a double bottom with a new breakout target of around 2500$. The second "top" that came so suddenly only a few weeks back and was again met with heavy resistance that threw ETH back to around 2150$. The end? No, ETh reversed upwards immediately and rallied to current levels with unbelievable ease. So right now, one would ask again; the top? No, not in my opinion and yes I can throw all the fundamental reasons above (thats 1) but (2) there have been multiple technical indicators flashing big time! The first one that flashed was the ETH/BTC valuation that broke a key resistance and the BTC dominance that broke below 50. These two signals created an historical pivot in the crypto markets forever. (no one is writing about it because no one realizes the implications, yet!) These are that: - Bitcoin is no longer the major and the hedge for crypto against crypto (nothing changed against fiat) - Ethereum is from now on the crypto hedge (portfolios should be valued in ETH) - Altcoins no longer exist and we should get rid of this word (the majority of coins cant be called alternative) You can read more about this in my previous analyses on ETH and BTC: ETH/BTC analysis: the historical breakout BTC vs ETH dominance: the historical pivot When will Ethereum hit 10K? This brings us to the last question in this analysis; when will ETH hit 10K? So obviously we have to watch out with these projections because I mentioned the risks above and nothing is guaranteed. But if we are optimists, which investor is by making an investment, the questions is not if Ethereum hits 10K but when? Back to chart, so we just talked about the blue support line of the 2017/2018 bull run - normally not really interesting for now right? Well no, because we just broke back into our 2017/2018 bull channel, which is insane! If we hold this trendline as support which I project we will do; we can see ETH doing another 3x from here. If we look at the parabolic structure we also broke a 3 year old resistance level and we are now in full price discovery, this is untouched terrain. So my projection is that when the markets stay healthy and nothing bad happens to ETH for whatever reason; Ethereum can rally to 10K by the end of 2021 or in the most bullish scenario: already be at 10K in July 2021! The purple box is the one we should look out for and I would like to see ETh hitting the heart in July 2021 and hit 10K before the end of the year. This would not only be great for us investors but this could (potentially!) catapult the price of Ethereum even further! Why? Because it could (not should) mean that Ethereum has flipped Bitcoin in market cap. Something which I expect to happen within the next 2 years. Please refer to the above analyses about the ETH and BTC dominance because its easy to make assumptions about me or this analysis but in there you find why. In short: Blockchain about technology built on a network that is decentralized and trustless. And that is exactly what Ethereum provides. The utility and adoption of the blockchain technology is what drives the price of a digital asset. For Bitcoin that is store of value and it is (by far) the best fiat hedge there is right now; with diminishing risks and returns it has become the perfect digital gold. And to add to that; I believe the BTC price will still go up substantially given the upcoming inflation wave. However; it will no longer beat Ethereum, as Ethereum is the fundament for blockchain technology - just like Microsoft was to the personal computer. Welcome to a new era of crypto; welcome to the era of Ethereum. IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Long
by cryptobullethbtcxlm
11
ETH Target Could Be Up To 0.15 BTCAs per my previous idea from several weeks ago (/x/PuGYWTgB/), Ethereum has broken out of a large base (purple box) against Bitcoin. The near-term target based on a measured move from that base (equal to the depth of the base) is around 0.069-0.07BTC. But Ethereum has also broken out of a larger triangle on the monthly chart. And this often leads to testing the highs of the triangle (around 0.15 BTC) To be conservative, some people take the depth of the triangle at the breakout point, and set that as the price target, which would be about 0.085 BTC. So we have three major points to watch: 0.07 - which I expected to hit fairly quickly due to the length of the base, and it seems to be progressing as such. 0.085 - which may take a bit longer or we may see some consolidation around the 0.07-0.085 level before a push higher to 0.15 - the infamous level that Ethereum bulls have been waiting to return to for years. Ethereum is literally leading the space right now, and all the hype of this bull run (DeFi and NFTs) is because of Ethereum. It is criminally undervalued even after this huge rise the past few months, sitting at ~$3300. $10k and beyond is certainly possible, as price has been suppressed for a very long time, likely for bigger players to accumulate massive amounts while they spread FUD about gas fees and shill "alternatives" such as the centralised BSC.
Long
by CennoCapital
90% plus of ALT Coins Overbought = BTC BULLISHThe following list of Alt coins are overbought when you look at their monthly charts with Bollinger Bands (Default Settings): ETH XRP BNB DOGE ADA LTC BCH LINK VET XLM THETA TRON This list doesn't include UNI, WBTC, USDT, USDC, FIL, DOT and SOL for either not enough data or being a stablecoin. With that said the above is 913 Billion dollars worth of Crypto Marketcap which is overbought. That means 90% plus of ALT Coins are overbought. BTC already digested its Overbought Bollinger Band pill. These coins still need to. Now will people move to Cash (Remember Cash is Trash) or BTC? I have to say BTC given inflation is heating up and we get a CPI print on May 12th likely to be bullish for BTC. Not to mention on May 13th Alibaba reports earnings and is rumored (I REPEAT RUMORED) to have bough Bitcoin. We need a universal denominator and it will be BTC. ETH is great in some ways. Sucks in others. But is not likely to fill this role despite all the noise going on right now. Stay Calm and HODL on friends.
BITSTAMP:BTCUSDLong
by Kingstevieb
3
Ethereum 4 month trendchannel - Is this the top for now?Hello Traders I would like to share this chart with you. It is the 6 hour chart of Ethereum ETH. You can see here an almost perfect trend channel over a period of more than 4 months. Interestingly, we have now reached the exact top of the channel with the latest rise in Ethereum. There is also a short but very steep trend channel in the larger upward trend channel. The Price has now converged with the short and long trend channel on the upside. It is now good to watch what happens next. My idea is that there should first be a correction to the current sharp rise. So I am not a buyer of Ethereum at these levels now. I prefer buying at the lower boundery of the trendchannel because of a much better risk reward and less risk. If Ethereum does break out further upwards I would certainly place tight stops to protect profits. A next target for a breakout from this long-term trend channel would then be 4000 USD. Please share your thoughts about Ethereum. Do you think it will have a correction or do you think it will break the upward trend channel and continues to rise. Please explain not only your view but more important the how and why! In the past Ethereum was not able to breakout this channel so it is very interesting how it further develops!
by PegasusTechCharts
13
CRYPTO WEEKLY #17 (2021) Lets start May well and continue the trend upwards as we have a lot of adoption ahead. We are at the moment where any serious investor cant get around crypto. With diminishing returns or potential in the stock market next to a blooming and growing crypto market; we have a long road ahead... I project the majors to have a strong return in the trading sessions with coins like ETH, LINK, DOT, KSM and BNB doing specifically well - and of course; a strong return for BTC with a projected target of 62K - or to at least take out the 60K mark. If we take out our previous ATH this month, which is in the cards; we could see a 70K Bitcoin in the month of May. Which would coincide with the projected growth for the majors mentioned above. Smaller cap or high supply coins might struggle to keep up. I'm looking out for ETH this month specifically which could hit 4K if BTC pulls off its most bullish scenario of 70K. First though; lets take out 60K for BTC and reach the projected target zone of 3200 - 3400$ for ETH. Pullbacks may happen and we should always be cautious for such scenarios but the trend is bullish. IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
CME:ETH1!Long
by cryptobullethbtcxlm
Ethereum Cycle Top Idea (80k)I know its ridiculous right 80k Ethereum is that even possible ? Well Gann Fan showing that really it is possible , the 2/1 ratio line is most likely going to stop Ethereum in its tracks right I don't see it pushing past this ratio but even if Ethereum just touched this line it would be something special. So lets see what prices Ethereum would be touching the 2/1 line by month June 2021 12k July 2021 16k August 2021 18.5k October 2021 21k November 2021 24.5k December 2021 30k This area in the yellow circle is where Ethereum will reach its cycle peak most likely. I have included Fibonacci time zones as well and I get a date of June 2022 ,interesting because my intracycle top idea for bitcoin peaks in April 2022. So lets say Ethereum did peak june 2022 on the 2/1 line it would put Ethereum at 80000 dollars.
BITSTAMP:ETHUSD
by Sporia
1
Altcoin dominance clearly broke out. What's next?Big breakout both in USD and BTC terms after almost a 2 months consolidation period. Several larger coins have started doing pretty well once again, which will then have a direct impact on smaller ones. However until then on average BTC and ETH might crush the rest of the coins in terms of returns. So far the total market cap has gone up 140% vs BTC but coins have pumped on average 10-15x from bottom to top. However this next leg up will also be massive as we are moving in the 4th phase in my opinion and one where even more people from outside the space are pilling in... and where the supply/demand imbalance is massive. Currently the main issue for alts would be a Bitcoin ETF announcement or an 'attack' to 'unregulated' exchanges, but there aren't things I can predict now. All I see is tons of coins look good, Crypto outperforming everything and leading the way across all markets... So I can't see a reason why something would change right now. I don't see anything that tells me things are about to slow down, but the exact opposite. Again for now this holds both in BTC and USD terms. In my view the first 3 phases were pretty small and there was constant rotation among coins, themes, narratives, sectors and so on... but this time around I don't know what's next. Tons of things look great and if Ethereum does well, tokens on Ethereum that suffered for quite some time might be 'revived'. A 15% rally of ETHBTC is no joke, especially as it is back above all key MAs and Pivots. Essentially it is like the market has done a 5x vs BTC, with small caps coming closer to large caps, we could get another 5x. Alts came off the largest capitulation event ever, with the REAL Bitcoin Dominance hitting 77-78% and alts only rallied after Bitcoin hit 35k, which is quite big. Currently alts as a whole haven't even gone above their August 2020 peak, so they are still relatively cheap. In my opinion Bitcoin dominance could easily hit 40% in this quarter. So be ready!
FTX:DEFIPERPLong
by BitcoinMacro
2