Ethereumclassic
Ethereum posting higher lowsEthereum
Intraday
We look to Buy at 1644 (stop at 1603)
The sequence for trading is higher highs and lows. Previous support located at 1650. There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 1715. Preferred trade is to buy on dips.
Our profit targets will be 1746 and 1789
Resistance: 1700 / 1750 / 1800
Support: 1650 / 1550 / 1500
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
ETC above weekly support#ETC/USDT
$ETC is still above weekly support.
price can continue sideway moves between descending trend lines for a while!
🐻 rejection from upper zone can shape a Head and Shoulders pattern and drop price to the lower line of weekly support.
🐮 break out from the upper zone can ride price to the moon.
Ethereum breaking?Ethereum
Intraday
We look to Buy a break of 1655 (stop at 1609)
Daily signals are mildly bullish. A break of the recent high at 1650 should result in a further move higher. We are trading at oversold extremes. A higher correction is expected.
Our profit targets will be 1777 and 1807
Resistance: 1650 / 1700 / 1750
Support: 1600 / 1550 / 1500
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Ethereum ready to shoot lower? Ethereum
Intraday
We look to Sell a break of 1847 (stop at 1896)
2026 has been pivotal. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Short term MACD is moving lower. A break of the recent low at 1848 should result in a further move lower. 50 4hour EMA is at 1872. Short term momentum is bearish. 20 1day EMA is at 1770.
Our profit targets will be 1723 and 1693
Resistance: 1930 / 2000 / 2100
Support: 1850 / 1800 / 1750
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
PEPSI Of CRYPTO - Some Like it Classic 🥤Let's get things straight first:
We all know the Coca Cola of Crypto. It starts with 'Bit' ends with 'Coin' 🏛️😼
And then there is Pepsi..sorry, I meant to say Ethereum.
News = Volatility and short term Potential :
Ethereum Classic soars 100% in nine days outperforming ETH as 'the Merge' approaches
Ethereum's transition to proof-of-stake could be a boon for the price of Ethereum Classic.
What is the difference between ETH classic and Ethereum?
Difference Between Ethereum and Ethereum Classic. Ethereum, represented by the ETH, is the new chain that is the original blockchain's offset and takes a second to confirm any transaction. In contrast, the Ethereum Classic represented by ticker ETC is an original chain and not the offset of any original blockchain.
The split revealed philosophical divisions within the Ethereum community. Based on the principle that “Code is Law,” a small number of developers and miners believed that The DAO's investors should suffer the consequences of investing in a flawed project. However, the majority of the Ethereum community decided to roll back the blockchain, effectively creating a bailout for The DAO's investors.
KEY TAKEAWAYS
Ethereum Classic (ETC) is an open-source, decentralized, blockchain-based distributed cryptocurrency platform that runs smart contracts.
Ethereum Classic was originally known as Ethereum. It was conceived by Vitalik Buterin and the Ethereum Foundation and launched in 2015.
Ethereum Classic was created after The DAO hack in 2016.
The dispute caused a split in the Ethereum community, with the majority choosing to reverse the hack. Ethereum Classic is the name of the original, smaller blockchain.
History of Ethereum Classic
Initially, the Ethereum blockchain was established as a single network where transactions were facilitated by using the cryptocurrency ether or ETH. The new network quickly became popular for initial coin offerings, as different teams used the platform to launch their own tokens.
One of the most successful ICOs was The DAO, a decentralized venture fund where investors would vote on assets to invest in. The DAO quickly accumulated more than 11 million ETH, from over 18,000 investors, before unknown hackers discovered a smart contract bug allowing them to withdraw about a third of The DAO's accumulated ether.
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Due to the scale of the hack, many investors proposed reversing the Ethereum blockchain to rescue the affected investors, while others argued that doing so would set the precedent for future bailouts. After a hastily-arranged poll, 97% of the community voted to restore the lost funds through a hard fork.
2
As a result, the Ethereum blockchain split into two separate networks. The newer network inherited the name Ethereum and uses ETH or ether as its cryptocurrency. The older one, known as Ethereum Classic, uses ETC.
Concerns of Ethereum Classic
Although both Ethereum and Ethereum Classic offer smart contracts and are after the same market, Ethereum has gained in popularity as the more legitimate of the two networks. Also, Ethereum's ETH is second only to Bitcoin as the most valuable cryptocurrency network in the world.
3
One of the chief concerns of Ethereum Classic is the potential limitations when it comes to scalability. Typically, the network can handle 15 transactions per second, but that number is far less than payment networks such as Visa, which handles more than one thousand transactions per second. Although Ethereum Classic has gone through many software upgrades, the scalability of its payment systems remains to be one of its biggest challenges going forward.
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Also, security is likely to remain an issue with smart contracts, particularly since Ethereum Classic has already experienced a hack and theft of millions of dollars. These concerns could potentially prevent smart contracts via Ethereum Classic from being used in major financial and real estate transactions.
Regulations of the cryptocurrency market continue to develop, which may or may not change how Ethereum Classic—and other networks—operate. For example, the Security and Exchange Commission (SEC) does not consider Ethereum or Bitcoin securities due to their decentralized networks.
5
Without being considered a security, some cryptos may have challenges getting approved for inclusion in various financial products that contain a basket of securities, stocks, and bonds such as exchange traded funds and mutual funds. Going forward, uncertainty remains surrounding the regulatory landscape for Ethereum Classic as well as other, less popular blockchain networks.
Future of Ethereum Classic
The future of Ethereum Classic looks less bright than Ethereum since Ethereum is considered the more legitimate of the two networks, especially with the security concerns of Ethereum Classic.
Investors have lost confidence in ETC over the years due to hacks into the system, and until ETC can redevelop its code and software to prevent future hacks, Ethereum Classic may have challenges ahead. However, it remains to be seen how the smart contracts will be developed within the Ethereum Classic project and whether they can be adopted for widespread use.
How Is Ethereum Classic Different from Ethereum?
Although Ethereum Classic's ETC has value as a speculative digital asset that investors can trade, Ethereum's ETH is considered the more legitimate and widely traded. In early 2021, the Chicago Mercantile Exchange (CME) approved the trading of ether futures. Only Bitcoin and Ether have been approved for such transactions. The futures are derivative contracts on an underlying security with a fixed price and maturity date.
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Ether futures allow investors to trade ether for speculation but also to hedge an outstanding position in ETH or perhaps other cryptos.
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We can determine how the investment community views ETC versus ETH by analyzing how much capital or investment dollars are being committed to the two currencies. When comparing the two market capitalizations of the two cryptos, ETH is the clear winner. The market cap of a cryptocurrency is calculated by multiplying the currency's price—based on a fiat currency such as U.S. dollars—by the outstanding coins or tokens in circulation.
ETC has 133.9 million coins in circulation with a market capitalization of $6.1 billion while ETH has approximately 120 million in circulation and a market cap of more than $417 billion. ETC trades at $46.00, while ETH trades for more than $3,475 per coin as of April 2, 2022.
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Although both networks offer smart contracts, the potential for the aforementioned security concerns surrounding ETC will likely push investors to invest in ETH and adopt Ethereum's smart contracts versus those of Ethereum's Classic.
Goals of Ethereum Classic
Since the split, there have been many upgrades and improvements to the Ethereum Classic project. The goal of the project continues to be working toward becoming a global payment network using smart contracts that can function without centralized governance.
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As with other cryptocurrencies, Ethereum Classic will likely continue to strive to be a digital store of value, meaning it can be saved and exchanged while retaining its value. The digital store of value for crypto includes its purchasing power that can be quickly turned into cash or used to buy another asset, similar to money.
How do you like your Pepsi?
-Proof or work or Proof of Stake ?
-Classic and forgotten or fond of Vitalik's changes?
Let me know our thoughts.
The FXPROFESSOR
Ethereum Classic (ETC) forming Gartley | A good buy opportunityHi dear friends, hope you are well and welcome to the new update on Ethereum Classic (ETC) with BTC pair.
In previous trade ETC slightly move below the potential reversal zone, however, recovered soon and pumped well.
Now on a 4-hr time frame, ETC is about to complete a bullish Gartley pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Ethereum: higher highs?Ethereum
Intraday
We look to Buy at 1622 (stop at 1578)
The trend of higher lows is located at 1610. We look for a temporary move lower. We look to buy dips. Daily signals are mildly bullish.
Our profit targets will be 1739 and 1779
Resistance: 1750 / 1800 / 1900
Support: 1700 / 1650 / 1600
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
$ETC - Bounce from 60 period SMA on the 4 hour chart - LONGA simple idea along the lines of my last couple if you've seen, we've had a large expansion when ethereum classic started to get a lot of attention surrounding the merge narrative and mining moving over, a range was set on the break down from that rally and price has managed to break out and is currently come back down to retest it, also lining up with a bounce from the 20 period SMA which I like.
this is a good level to buy imo and i think we go to at least 40.6ish which is towards the top of the prior consolidation before breaking down
tldr
buy 37.6
target 40.6
stop 36ish (below a prior wick and 20 period SMA)
follow me on the tweeter :)
Ethereum - watching support levelEthereum
Intraday
We look to Buy at 1571 (stop at 1524)
We look to buy dips. The previous swing low is located at 1560. Bespoke support is located at 1550. Daily signals are mildly bullish.
Our profit targets will be 1688 and 1728
Resistance: 1700 / 1750 / 1780
Support: 1600 / 1550 / 1500
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Jamie Gun2Head Idea - Selling EthereumTrade Idea: Selling Ethereum
Reasoning: At resistance level, price is still, looking to drive lower within the channel
Entry Level: 1665
Take Profit Level: 1567
Stop Loss: 1692
Risk/Reward: 3.63:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
ETH Merge, HODL for some free coins?Ethereum's long-awaited merge is just around the corner, possibly the week of September 19th according to recent news.
Hopefully the 21st of September for the Earth Wind and Fire memes. (da da ut da...and now it's stuck in my head)
Shifting from Proof of Work to Proof of Stake will alter how the network nodes establish consensus.
The new consensus layer of ETH will allow far less energy to be used to run all kinds of network applications.
Generally, this will be a welcome upgrade since pretty much everything runs on top of ETH these days.
However, there is a possibility of the current miners hard forking the network to remain semi-relevant much like ETH Classic.
If such a hard fork were to occur, There is the possibility that current addresses will be credited in the hard fork with new tokens on the new forked chain due to the import of ETH block history.
This might happen rapidly or not at all and is a long shot as the ETH community is generally cohesive. However, due to a large amount of built-up capital in the form of mining hardware, a faction taking this path rather than switching resources to mining other coins would not be unheard of as Bitcoin cash and Ethereum classic can attest. if handled improperly in a centralized way such as unclaimed tokens being centralized sometime after the fork, the forkers would also have full access to forked versions of NFTs and tokens. There could be some chaos in that respect for years to come due to confusion and the "I copy pasted your NFT" memes would reach a whole new level. One could suspect those with few scruples might be enticed by the possibility of forked bored apes alone not to mention the hundreds of other projects in the ecosystem. One could also suspect the ETH community will fight back against any fork if one occurs to prevent confusion and protection of value. Thus prepare the popcorn as things might get weird.
To make this play all one would need to do is hold ETH in an address during the time of the merge to Proof of Stake.
Preferably a self-custodied address off an exchange such as a Ledger/Trezor or a Meta Mask.
otherwise, the exchange would get the coins on the new chain credited to their hot or cold wallet instead of you, and then you'd be at their mercy on getting any of the new tokens if at all. Then throw the new coin in an LP on Uniswap/your favorite DEX ASAP if one occurs and finally sell the stake in the coin in the future or keep it for use on the new chain.
If this scenario does transpire expect major volatility in the new token soon after due to illiquidity of exchange and the possibility of transactions only on Dexes such as Uniswap for the first few months to even years.
Thus a good play would be to not expect anything while holding ETH in an address through the merge.
All the best, See You on The Moon.
ETC - 4H BearishETC has a nice and neat upward trendline, and the price is touching the trendline again. We have some weak signs for continuing the growth, and it's more likely that the price will cross the line.
There is a lower high, where we had a powerful rising candle that didn't continue. These signs show us weakness.
Still long opportunities in EthereumEthereum
Intraday
We look to Buy at 1571 (stop at 1524)
We look to buy dips. The previous swing low is located at 1560. Bespoke support is located at 1550. Daily signals are mildly bullish.
Our profit targets will be 1688 and 1728
Resistance: 1700 / 1750 / 1780
Support: 1600 / 1550 / 1500
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
can ETC see $90?#ETC/USDT
$ETC completed Adam and Eve pattern that shaped inside ascending channel and touched 2 fib level of this pattern that is the same with 0.5 fib level of daily swing down.
🐮 price can correct toward upper line of channel and continue its uptrend move to $38 and if the weekly candle going to close above descending resistance, price can fly to $90 in coming weeks.
🐻 but if bears break down price inside ascending channel price may drop to $25 and even $18.
ETCUSDT 1H TA; Resistance Zones According to the chart, in the one-hour time frame, we see the reaction on the trend line, which has caused the price to rise to the resistance ranges. I specified the resistance areas in the chart, and if the trend line breaks below $30, the analysis will be updated.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
ETC can break the resistance after testing the support @ $33/$34ETC can re-test the resistance if it stays above the support of $33/$34, otherwise it will drop to the next support level at $26/$27.
Here it can try to break the resistance or break down the last support and a good occasion to buy it cheaper at 10/12$.