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Ethereumforecast

ETH Breaks Through $2000 with Blackrock's New ETH ETF! I'm thrilled to share that Ethereum (ETH) has just shattered the $2000 mark, and the excitement doesn't end there. Blackrock, the renowned investment management firm, has recently announced the launch of their brand-new Ethereum Exchange-Traded Fund (ETF). This development is a game-changer for the crypto market and presents an incredible opportunity for all of us. ETH's breakthrough beyond $2000 is a testament to its growing popularity and widespread adoption. With the backing of Blackrock, a giant in the financial industry, this milestone further solidifies Ethereum's position as a leading digital asset. The launch of their ETH ETF is a clear indication of the increasing institutional interest in cryptocurrencies and the immense potential they hold. Now, you might be wondering, what does this mean for you as a trader? Well, it's time to seize the moment and consider going long on ETH! The combination of ETH's remarkable price surge and the introduction of Blackrock's ETH ETF opens up a world of possibilities. It's an ideal time to capitalize on this bullish trend and potentially reap substantial profits. So, why should you consider long positions on ETH? Here are a few compelling reasons: 1. Institutional Confidence: With Blackrock's entry into the Ethereum market, it's evident that major financial players are recognizing the long-term value and potential of ETH. This institutional confidence can act as a catalyst for further price appreciation. 2. Market Momentum: ETH's recent breakthrough is a testament to its growing demand and market momentum. As more investors flock to Ethereum, the upward trend is likely to continue, potentially leading to even greater gains. 3. Diversification: Adding ETH to your portfolio provides diversification, reducing risk and offering exposure to a rapidly expanding asset class. With Blackrock's ETH ETF, you can now access Ethereum's potential without directly holding the underlying asset. Now is the time to take action and make the most of this exciting opportunity. Consider long positions on ETH, keeping in mind your risk tolerance and investment strategy. As always, it's essential to conduct thorough research and consult with your financial advisor before making any investment decisions. Remember, the crypto market is known for its volatility, so it's crucial to stay informed and adapt your strategy accordingly. Keep a close eye on market trends, news updates, and any regulatory developments that may impact the crypto space. Wishing you a prosperous journey as you navigate the exciting world of cryptocurrencies! Happy trading!
BITSTAMP:ETHUSD
by bryandowningqln
ETHEREUM: $2K POSSIBLE!!!Hello Traders, Let's dive into an Ethereum update in a 2-day timeframe. Ethereum has been on a remarkable upward trajectory for the past 20 days, and we're yet to see any significant correction in the market. While we've all been anticipating a healthy correction, it appears that ETH still has some momentum left to potentially reach the $2,000 mark. Looking at the chart, it's evident that Ethereum has broken above the resistance trendline, setting the stage for a potential move to $2,000, where we encounter robust resistance. In the event of a correction from this point after reaching $2,000, I anticipate ETH could retrace to the support range of $1,750 to $1,800. Key Takeaways: 1. The $2,000 mark may be on the horizon if the bullish trend continues. 2. We're still awaiting a market correction. 3. Expect potential support around $1,750 to $1,800. That wraps up this update. I trust you've found this information valuable. This video is for educational purpose only, do not consider this as financial advice. Please show your support by liking, sharing, and subscribing. Thank you for your time, and happy trading!
COINBASE:ETHUSDLong
by Dexter_The_Trader
ETH ☀️ 24-Hour & 1-Week Outlook - We're Going Up? Mixed trading conditions on the global crypto market in the next 24 hours. 🌦️ Cloudy bearish trading conditions ☁️ lie ahead for Bitcoin, Ripple’s XRP, Cardano, and Binance Coin, while ☀️ sunny bullish conditions lie ahead for Ether, Litecoin, and Dogecoin. Over a one-week horizon, the ☀️ sun will shine over the entire crypto sphere, indicating strong upside potential. Only Polkadot is set to face a ☁️ cloudy bearish trend, as ATTMO shows. Follow us for more crypto weather reports!
BINANCE:ETHUSD
by ATTMO
Ethereum / Bitcoin Trying to Find a SupportEthereum's current pullback presents an intriguing scenario. The BITSTAMP:ETHBTC price seems to be seeking support in the range where it retraced during the mid-summer of 2022. Currently hovering around 0.05, this level stands as a crucial support zone. If Ethereum maintains above this mark, a potential climb to 0.058 and beyond becomes feasible. On the flip side, dropping below 0.05 might extend the downtrend. The next moves are uncertain, so stay tuned and observe the market dynamics closely.
by Vestinda
Total Crypto While everyone will be looking to go to NEW HIGHS this next bull run. I would advise caution. I would recommend everyone watch for these other two scenarios and worry about them 1st. #1. Quite possibly you see a Lower high in the range of $2t as shown by the first level marked in red line. #2. I would watch for a DOUBLE TOP on Total. Until both of these scenarios are invalidated I would recommend paying closer attention to them for your reality on WHEN to take profits vs only thinking about the Euphoric Valhalla ending.
CRYPTOCAP:TOTAL
by rarebreed29
ETH Facing Critical Support at $1760, Will it Hold?Ethereum’s price has been violently breaking past resistance levels during the recent surge. However, for the long-term trend to be considered bullish, one obstacle still needs to be overcome. On the daily timeframe, the price has been steadily ascending since rebounding from the $1,550 support level and the lower boundary of the substantial descending channel. Notably, both the $1,750 level and the 200-day moving average, positioned around the $1,800 mark, have been decisively breached on the upside. The market is presently on track to test the upper trendline of the channel, and should a bullish breakout occur, Ethereum is likely to trade above $2,000 once again in the near future. While the price has managed to break and subsequently retest the $1,750 support level, it is encountering challenges in advancing further. Given the current choppiness in PA and the overbought signal indicated by the relative strength index, the possibility of a retracement back to the $1,750 level or even lower cannot be discounted. After a relentless rally, the market may be due for a correction or consolidation phase. Ethereum’s price has been rallying aggressively over the past few days, running toward the $2,000 key level. It is wise to analyze the futures market sentiment and determine whether this rally would be sustained. This chart represents the Ethereum funding rates, which is one of the most useful futures market sentiment indicators, determining whether the buyers or sellers are executing their orders more aggressively. Positive values show bullish sentiment, and conversely, negative values are associated with a bearish sentiment. Evidently, the funding rates have been positive for some time now, which is positive as it shows traders are aggressively buying. However, the metric has spiked massively in recent days not withstanding the surged. This can point to a probable correction or even a reversal as a result of a long liquidation cascade, which might begin in case of a small price pullback. Therefore, investors should be extremely careful and manage their risk, as a flash crash could be on the horizon.
BINANCE:ETHUSDLong
by DEXWireNews
Trade Setup: Ethereum 15 Month Ascending Triangle BreakdownEthereum's price performance has ultimately been disappointing following the merge in 2022. Last week's futures ETF news was not enough to save it from breaking down from the ascending triangle, which price has been consolidating within for 15 months now with declining volume. The ETH inflation rate has recently risen because of declining on-chain activity. A few days ago, the Ethereum foundation sold 1700 ETH from their reserves for USD, which may indicate that they anticipate some short-term bearishness. ETHBTC has been making new monthly lows and looks like it is heading towards capitulation below 0.05, this will further fuel the dump on ETHUSD. As for price targets, there is horizontal support between 1300 and 1100 that correlates with Fibonacci levels. I am eyeing this to take profit and don't expect a return to bullishness until sometime after the BTC halving in 2024. If you enjoyed this trade setup, be sure to follow me
INDEX:ETHUSDShort
by HaydenOtto
5
ETHEREUM: WAITING FOR A POSITIVE MOVE.ETH has been under the bullish falling wedge for quite some time and till now it has failed to show any positive move. With the pattern ETH is forming, it will be important for ETH to break above the resistance trendline for a positive confirmation. A breakdown below the supporting trendline will ruin the chart and make things more complicated. I am expecting a breakout soon. What's your opinion? Let me know in the comments. Thank you for reading. Trade safely. Regards, Team Dexter.
BINANCE:ETHUSDLong
by Dexter_The_Trader
📈Ethereum analysis, Weekly insight into price behavior📉BINANCE:ETHUSDT COINBASE:ETHUSD Hello dear traders. Due to the increase in trading volume in the last candles, I'm going to do some weekly Ethereum analysis. In the next few days, Ethereum is expected to stabilize around the 1.6K - 1.75K. If the price breaks below the mentioned area, the price will drop to the level of 1.5K (probably price receive support here) and then 1.2K. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Long
by CrazyS
6
ETH Ethereum Price Target| Binance vs SEC Lawsuit|Whales DumpingBinance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws. The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community. Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities. Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market. Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May. The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty. These developments collectively cast a shadow over the cryptocurrency market's near-term prospects. In this context, my price target for ETH Ethereum is $1310. Looking forward to read your opinion about it!
Short
by TopgOptions
6
Ethereum's Next All-Time High: When to Expect ItHi guys, In the fast-paced world of cryptocurrency, making accurate predictions is both an art and a science. As a self-taught quant trader and investor, I've delved deep into cycle and trend analysis for ETH/USDT. This analysis points towards an exciting turn of events post-November 2023. Anticipated Bull Market Based on my trend analysis, it is highly probable that we will witness the commencement of a bull market come November 2023. This projection hinges on a comprehensive assessment of historical cycles and emerging trends. Two Scenarios, Two Peaks 1. Second Half of 2024: One possibility is that we might see the value shoot up to its highest point (ATH) in the latter half of 2024. This shows how things can change in the crypto world. 2. First Quarter of 2025: Another equally good possibility is that we might hit a new all-time high by early 2025. Both projections are grounded in a meticulous evaluation of market indicators and historical patterns. While these projections hold promise, it's imperative to remember that the cryptocurrency market is inherently volatile. Flexibility and adaptability are key. Always be prepared to recalibrate strategies in response to unforeseen market shifts. Feel free to pass along these ideas to your fellow traders and friends. It's awesome to hear different perspectives. Disclaimer: This content is shared for educational and informational purposes only and does not constitute investment advice. PS: Please examine the chart on a logarithmic scale. Otherwise, the plots become confusing.
Long
by AtillaYurtseven
8
Ethereum: What's Next?In August 2022, the Ethereum Foundation issued a cautionary statement that the forthcoming Paris upgrade would not lead to a decrease in gas fees. As a result, #ether prices experienced a decline of more than 40%. However, this development also provided a glimpse of the possible upcoming driver for #Ethereum investors: the prospect of reduced gas fees. This has since emerged as a pivotal component that the coming Cancun upgrade, known as EIP-4844 aims to address. Please note that if you have a long-term belief in #Eth , you are likely to achieve better returns by holding rather than engaging in active trading.
by ShiBob-SB
ETH IS LIKELY TO DROP FURTHER LOW???Hello, Traders. I'd like to provide a quick update on Ethereum (ETH) in a 2-day timeframe. As we're well aware, the cryptocurrency market often takes cues from Bitcoin (BTC). Recently, when BTC experienced a sharp drop from FWB:29K to FWB:25K (a -13% decrease), Ethereum (ETH) and other major altcoins followed suit. ETH, for instance, went from $1808 to $1540 in a single day, marking a -14% decline. While ETH hasn't yet retraced to the $1800 range, it has found some stability around the $1600 mark. Now, if we take a step back and examine ETH on a longer 2-day chart, we can see that ETH is currently trading between support and resistance trendlines. According to this chart, for the pattern to be complete, ETH may need to reach the support zone. If this occurs, I anticipate ETH could potentially reach the $1300 range, which might be its bottom point. That's the latest update from us. Please feel free to share your thoughts in the comments. Wishing you favorable trading hours ahead. Best regards, Team Dexter
COINBASE:ETHUSDShort
by Dexter_The_Trader
4