ETH/BTC Indicates ETH $4000-$7000I am not a financial adviser. This should not be taken as financial advise. Please consult a financial adviser before risking capital. Never invest with funds you can't afford to lose.
It is likely Ethereum will outperform Bitcoin over the coming months with Coinbase finally working through their list of those waiting to stake their Ethereum for some APY. I would assume this would create a nice amount of relatively stronger demand for Ethereum as compared to Bitcoin. However, I don't expect Ethereum to run away with this and create All Time New Highs when priced in BTC. There are too many competitors to Ethereum stealing its energy and their critical scaling update is far from just around the corner. The high fees of the network are killing demand as can be seen with the noticeable dent The Graph took in their query growth numbers. Not just this but Pancake Swap is just one of many examples of competitors stealing the show. I would expect to see Ethereum get to 0.05 - 0.07 BTC by the mid summer months of July/August. With that said when converted to dollars I expect this to mean Ethereum will be between $4000-$7000.
Ethereum-bitcoin
Very Strong Sell Indicator for ETHBTC CrossWhether it is selling a CFD or merely moving money from ETH to BTC, the short term for this cross is pointing downwards. This is because ETH and BTC are at very different points in the day graph:
* ETH is in overbuy range while BTC is almost touching the oversell.
* ETH just hit the all-time high amid diminishing market, which increases the tension downwards. BTC hit a major low and appears to have found support, so up it should go.
* BTC today tiuched the 1W median of the Bollinger Bands. Any sustainable move downwards would indicate a long bearish market, which is unlikely for now. ETH is on the median of the bands in the day graph, which is not a significant support.
Make no mistake, the foreseeable future belongs to ETH in terms of growth. However, the short term, that is the few days to come, it's another story.
Ethereum (ETH) will continue to outplay Bitcoin (BTC)Cup formation on Ethereum (ETH) / Bitcoin (BTC)
How to trade the cup:
The height from the cup entry point to the bottom is the increase we will see from the cup entry to the exit.
To make it easier to plot, I have used the eclipse tool as you can easily mirror the dip to predict the peak.
From when I first drew this it has grown 21% and I expect a further 57% gain over Bitcoin (BTC).
Bear Crab EthereumIt appears our assessment of the cypher pattern in Ethereum was a bit premature. What we thought was a bearish Gartley pattern evolved into a bearish crab pattern. We saw almost a full retracement of the CD segment which is perfectly reasonable for this pattern. The level $2143 has provided good support and we are likely to continue to see support here. It looks like we are catching a lift here at these levels. We've already broken through $2232 and are in the vacuum zone between that and $2400, the next level. The Kovach OBV has completely bottomed out suggesting we may get some buying here.
Why I am NOT buying this dip (yet) - BTC,ETH,ALTCOINSHi evryone,
we saw the drop coming on Ethereum and Bitcoin and of course the rest of the cryptos followed.
For me (personally- my humble opinion) it's no time to buy the dip yet.
Take a look at the video and give me your comments.
Hope it helps.
the FXPROFESSOR
ETHBTC Bullish for a move to 0.054Technically we are bullish for a move up to 0.054 aslong as we are closing daily candle bodies above 0.029
For the next impulse to start we need a strong bullish momentum candle at this current level
If we close a daily candle below 0.029 we will most likely move to 0.025 and have a big bounce there to attempt an impulse
If we break 0.023 then i will get longterm bearish, but aslong as we are closing bodies above 0.023 im long term bullish from here
Ethereum Bear Cypher Pattern!!Ethereum is feeling out the range after it dipped to $2025. We have attempted a rally, but have stopped short of our resistance level at $2402. We appear to have a bearish Gartley cypher pattern forming. Cypher patterns are extremely reliable in trading and we can expect ETH to retrace 50% of the CD range. This coincides nicely with about $2200, a technical level. This would be perfect for a short term trade and would give traders the opportunity to load up for the longer term.
ETH STILL Outperforming BTC...To stay up-to-date with the latest market developments, be sure to subscribe to Kraken Intelligence at kraken.com
ETHUSD Statistics:
Market Capitalization: $264B
CryptoAsset Rank: #2
24-Hour Return: +5.5%
7-Day Return: -1%
From All-Time High: -10%
Recent News:
Last week, Ethereum completed its Berlin upgrade. The hard fork set the stage for this summer's London upgrade, which will bring major changes to the Ethereum network.
Last week, Mastercard announced a partnership with Consensys in a bid to build payment solutions on Ethereum.
Today marks the launch of three ETH ETFs in Canada: Purpose Ether ETF (ETHH), CI Galaxy Ethereum ETF (ETHX), and Ether ETF (ETHR).
Potential Catalyst:
This July, Ethereum's London hard fork will go live and includes the highly controversial Ethereum Improvement Proposal (EIP) 1559. The EIP will make ETH a deflationary asset by making gas fees, or "base fees," algorithmically determined and burned. EIP-1559 is expected to reduce miner’s revenue by roughly ~20-30%.
Technical Setup:
Notwithstanding the market's weakness over the past several days, ETH has held up well against BTC for 4 weeks and counting.
As previously discussed in weeks prior, ETHBTC remains in an ascending channel pattern formation. The recent relative outperformance on behalf of ETH has pushed its valuation relative to BTC to 0.04 BTC.
The bounce off the channel's support and ongoing uptrend suggests that ETHBTC is headed for the channel's resistance at roughly 0.05 BTC - a level last seen in August 2018.
Said differently, one could expect ETH to outperform BTC in the weeks ahead. However, history suggests that ETH will likely underperform once it hits the channel's resistance, wherever that may end up being.
Assuming BTC holds at its current price of $57,000, a move up to 0.05 BTC would imply a $2,850 Ether.
When Resistance Turns Into Support As Shown In Ethereum The law of polarity says there is a battle that is fought everyday between buyers and sellers to move the market. The struggle creates zones of support or resistance when breached will flip roles due to power balance shift in the supply/demand equation. In simple terms we see that ethereum has now found support at $2,000 and is free to move higher to find a future resistance level.
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ETHUSD Melt Up or Consolidation Following a sharp drop this morning in cryptos ETH is faced with a decision. Currently with a line in the sand at 2235, ETHUSD along with BTCUSD have a wide range they could be subjected to with the implied bottom at 2122 and swing low at roughly 2000. A push past 2235 could spark some aggressive participation and retrace back to its former range between 2320 and 2450. Due to the growing popularity in cryptos with the insane bull runs in alts such as Doge Coin, a break of 2235 seems probable thought there is no way to know how much sell pressure is yet to come into the market. Despite this sentiments, new bans in Turkey as well as class action suits from banks could create a compressive environment similar to what we saw last week. However, correlation with standard currencies such as the USD could lead to price lifting across the crypto market as the Dollars value decreases with the US Federal reserve plans of staying mostly hands off in terms of interest rates until 2024. All in all, this sell off could be seen as a good buying opportunity by many and continued bids in AltCoins is probable with a growing un-leveraged investor base.
Two big winners ETH & BTCIn my personal opinion I see BTC speeding up and taking ETH with it
ETH on the weekly MACD looks extremely bullish
While BTC looks to be consolidating above 1.618 fib level of the retracement from the 2017 high
Ethereum's ecosystem outweighs BTC's I see Ethereum outperforming BTC Year to date still
Still. Bitcoin is a big boy
WHEN CRYPTO WILL CRASH? - CRYPTO MARKET CAP CRAZY ANALYSISHi guys. I'm very proud of this analysis.
1) Based on the first macro Fibonacci extension and the fib circles, it looks likes we are approaching the next crash which will occur in May (-40%-45%?). This is exactly what happened in the previous cycles. The crypto market will go down once it reaches 3.2T$
However good news. This is not the end of the cycle.
2) Based on the second macro Fibonacci extension, the fib cycles, and the fib time zone, it looks like we will top out between the end of Aug and Sept. This is exactly what happened in the previous cycles. The crypto market will go crash once it reaches 17T$.
I'm not sure there will be a super cycle.
🚨 UPDATE ETH/BTC - Trade successfully completed!Hello dear readers,
I presented the idea for this trade HERE on 22 March.
Now the trade is finished:
Symbol: ETH/BTC
Duration of trade: 15 days
Profit: 22% Conservative
All price targets worked off: Yes
With that, this trade can be filed away, on to the next one :)
As always, it's "do your own research" - I am not an investment advisor and this analysis only reflects my personal opinion and is not a call to individual action!
If you want to support my work I'm happy about a Like & Follow 🙏
Best regards & success!
Chartdigger
ETHBTC Weekly Idea.Hey! I wanted to post some ideas about Ethereum and this bullrun, let me start saying we've seen ETH run after BTC tops, so IF and let me clarify this, IF BTC has already topped, we might be initiating ETH launch countdown.
We've followed this Channel after the ETHBTC capitulation, as you can see, I have a logarithmic scale on my chart so if you wanna draw this one on your acc, make sure Log is ON.
Since we've been on this channel we've lost it twice, weeks after we've topped the channel, or whenever the price is below 20W SMA, as you can see now, we've come into our channel and could be retesting it, if we retest it and BTC doesnt go "kaput", we might be visitting the top of our channel once again.
Its about a 50% from the retest against BTC...( 0.05 )I think that's kinda crazy... so before that we first have to overcome the middle of the channel resistance, as we can see, the price trends to rally for a little bit to come down into the lower part of the channel, that's a big resistance which also gets supported by a 0.5 and a 0.618 fib retracement level (you can see the red line where it crosses with it).
If we manage to overcome that obstacle then we could see a big green candle, just as previous times.
I hope you guys could take use of this chart! be carefull tho.. this april is gonna be a little tough
Im trying to get into the chat, I think you can make it there without paying idk... either way I'll keep posting charts like this.. sometimes I just sit on the 1min chart and start drawing stuff, would like to post it like Euro Motif and Stallion, great guys! I always read them!
Would love to read some comments about it tho!