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The Final Dip? Spotting Opportunities for $ETH's Next Run!Is This the Last Dip Before a Major Upswing? That’s the burning question on everyone’s minds as CRYPTOCAP:ETH seems to be lagging behind its crypto counterparts. However, there's a silver lining on the horizon. CRYPTOCAP:BTC is showing bullish signals, and as we all know, Bitcoin is the heartbeat of the crypto market—its movements often set the tone for everything else. On the fee front, we’re witnessing a welcome trend: costs within the CRYPTOCAP:ETH ecosystem are dropping. This could be the spark that reignites enthusiasm and activity. Yet, technically speaking, CRYPTOCAP:ETH must break above the $2800 mark to leave the uncertainty zone behind. For now, we’re making a calculated bet that CRYPTOCAP:ETH will carve out a higher low on the daily chart. The goal? To decisively breach that $2800 level and flip the narrative to a fully bullish stance on the CRYPTOCAP:ETH ecosystem. In my view, $2400 should act as the low for this retracement. If it dips further, I’ll consider cutting my losses. I’ll keep a close eye on the price action, ready to manage my position manually once we start trading in my buying zone of $2500-$2400. Let’s see where this journey takes us!
BINANCE:ETHUSDLong
by ZelfTrade
6
Vitalik Buterin’s $EBULL Memecoin Boost: Is $1 Achievable?In the fast-moving world of cryptocurrency, one mention from a key figure can send token prices soaring. Such was the case when Ethereum co-founder Vitalik Buterin highlighted $EBULL, a relatively unknown memecoin, on social media. Following his tweet, $EBULL skyrocketed by over 3000%, temporarily surging to a price of $0.001618. However, after the initial euphoria, the token's value has since corrected, currently trading at $0.0005037. Vitalik Buterin’s Charitable Influence Vitalik Buterin’s stance on memecoins has evolved over time. Rather than dismissing them outright, he’s embraced their potential for positive societal contributions, notably by converting memecoins sent to him into Ethereum (ETH) for charitable donations. Over the last nine days, Buterin has donated $884,000 to various causes, after converting $2.78 million worth of memecoins into ETH. One of those tokens was $EBULL, alongside others such as Moo Deng (MOODENG) and Monsterra (MSTR). Buterin’s tweet, which praised $EBULL for its charity initiatives, catapulted the token into the limelight. He expressed admiration for memecoins that make a positive impact on the world and encouraged developers to donate tokens directly to charity instead of sending them to him. This alignment with social good has created a growing perception that memecoins can serve a greater purpose, beyond just being speculative assets. The $EBULL Surge and Immediate Correction $EBULL saw a meteoric rise, shooting up by more than 3000% within an hour of Vitalik’s tweet, with a brief peak at $0.001618. The token’s market capitalization also ballooned to $12 million during this period, capturing the attention of both seasoned and new traders alike. However, this rally was short-lived, and $EBULL’s value has since retreated to $0.0005037. While this correction might seem concerning, it’s important to note that price fluctuations are common in the crypto space, particularly for emerging tokens like $EBULL. Technical Analysis of $EBULL From a technical standpoint, $EBULL remains an intriguing prospect. The current price of $0.0005037 is supported by a strong base, and the Relative Strength Index (RSI) of 46 suggests that the token is neither oversold nor overbought. This positioning implies a potential for continued growth without being in the danger zones of extreme volatility. The crucial support level at $0.0005 has held firm, and traders are eyeing a rebound. Looking ahead, the token’s short-term resistance lies around the $0.001 mark, and if $EBULL can break through this barrier, it could re-ignite a rally toward its all-time high of $0.0133, achieved in August 2024. With the token’s total supply capped at 10 billion $EBULL, speculatively, it could reach $1, which would push its market capitalization to a significant $10 billion. Can $EBULL Reach $1? The Ethereum is Good token ($EBULL) has a strong narrative driving its momentum. Its association with Vitalik Buterin has brought credibility, especially considering the token’s charitable contributions. As more projects in the cryptocurrency space adopt socially beneficial models, there is growing interest in memecoins with a mission. However, the road to $1 won’t be easy. For $EBULL to reach that price point, it will require substantial adoption, liquidity, and widespread listing on major exchanges. Currently, $EBULL is available on smaller platforms like LBank and Poloniex, but plans are underway to get the token listed on major exchanges such as Binance, Coinbase, Kraken, and OKX. These listings could dramatically increase the token’s visibility and trading volume, making the $1 target more realistic. Moreover, the team behind $EBULL is reportedly working on forming partnerships and collaborations that could further bolster its market position. If the token gains access to a larger audience and proves its utility beyond charitable donations, the path to higher valuations becomes more feasible. Broader Market Sentiment The broader cryptocurrency market has been unpredictable in 2024, with many altcoins and memecoins experiencing volatility. However, positive sentiment has been building around tokens that focus on social good, thanks in part to Vitalik Buterin’s endorsement. $EBULL’s surge follows a similar pattern seen with other memecoins that have gained from Buterin’s attention, such as Moo Deng (MOODENG), which saw a 470% increase in value. This pattern highlights how influential figures like Buterin can shift market dynamics. In fact, Ethereum itself saw a slight uptick in price, rising by 1.2% and briefly touching $2,476, largely attributed to Buterin’s renewed activity in the memecoin space. Conclusion: What’s Next for $EBULL? While $EBULL’s recent price surge was short-lived, its long-term potential remains intact. With solid technical support, a total supply of 10 billion tokens, and Vitalik Buterin’s backing, there is plenty of optimism surrounding the token. However, for $EBULL to reach $1, it will require continued market adoption, increased liquidity, and listings on major exchanges. The memecoin market is volatile, and traders should approach it with caution. But with a growing trend of socially conscious tokens, $EBULL could be well-positioned to capitalize on the increasing demand for memecoins with real-world utility. In the end, $EBULL’s future will depend on its ability to sustain its current momentum and navigate the challenges ahead. If the token’s development team delivers on its promises and secures more exchange listings, the possibility of reaching $1 may not be as far-fetched as it seems.
ELong
by DEXWireNews
Ethereum Eye $2900: Can It Recover Amid Vitalik's ETH Sales?Ethereum ( CRYPTOCAP:ETH ), the second-largest cryptocurrency by market capitalization, has been displaying signs of resilience, despite market-wide volatility. Following Bitcoin’s momentary drop below $59,000, Ethereum ( CRYPTOCAP:ETH ) managed to climb 0.66%, forming an intraday Doji candle. Currently trading at $2414, CRYPTOCAP:ETH has shown an intraday pullback of 0.14%, raising questions about whether this recovery could persist amid consistent sales of ETH by Vitalik Buterin and the Ethereum Foundation. Technical Analysis: Bullish Indicators on the Horizon? Ethereum’s current price action exhibits a notable rejection near the $2300 support level and its corresponding local support trendline, fueling the possibility of a bullish rebound. Analysts have identified this level as critical for CRYPTOCAP:ETH , and the lower price rejection provides hope that the bulls may regain control. A closer look at the 4-hour chart reveals bullish divergence in the RSI between the past two dips near $2340. This divergence suggests a potential double-bottom reversal, a classic bullish pattern indicating an impending uptrend. In such cases, a reversal rally could push the CRYPTOCAP:ETH price toward nearby resistances at $2425, followed by Fibonacci levels of $2520 (50%) and $2624 (78.60%). However, we highlights a crucial technical support for Ethereum around $2250, a breakdown below the TD support trendline could trigger an average correction of 53%, which could send Ethereum below the $2000 mark. Bearish Sentiment: Concerns Over Ethereum Sales The market remains divided on whether CRYPTOCAP:ETH can maintain its bullish momentum. One of the biggest concerns stems from sales by Ethereum co-founder Vitalik Buterin and the Ethereum Foundation. Their recent decision to sell significant amounts of ETH has raised alarm bells among investors, as many view insider selling as a bearish signal. Martinez’s analysis, reposted with the caption "Now it makes sense why Vitalik Buterin and Ethereum Foundation have been selling," reinforces the possibility of a sharp drop below $2250. In addition to insider selling, Ethereum’s 10-day and 100-day moving averages are currently sitting slightly below its current price. This technical weakness, combined with a relatively neutral RSI of 45, suggests that Ethereum lacks the strength to push toward the critical $2900 resistance pivot in the short term. Potential Price Targets and Scenarios Ethereum’s price movements suggest a cautiously optimistic outlook, but the path forward is uncertain. If $ ETH breaks through the overhead resistance at $2824, it could aim for a 20% increase to reach $3175. However, falling below the $2120 support could result in a bearish correction down to $1769. In a bearish scenario, Ethereum may retest the $2300 and $2200 support levels. A further breakdown below $2250 could confirm Martinez’s thesis of a significant correction, potentially leading to a massive selloff and further losses for ETH holders. Fundamental Analysis: Ethereum’s Role in the Broader Market While technical indicators show both bullish and bearish possibilities, Ethereum’s fundamental role within the crypto ecosystem remains strong. Ethereum is the backbone of decentralized finance (DeFi) and non-fungible tokens (NFTs), and it continues to lead the way in smart contract innovation. Ethereum’s network upgrades, including its transition to proof-of-stake, have been seen as critical steps toward long-term scalability and sustainability. Nevertheless, Ethereum ( CRYPTOCAP:ETH ) is not immune to market-wide challenges. Broader macroeconomic factors, such as interest rate hikes and inflation concerns, have weighed heavily on cryptocurrencies. Ethereum’s price is also heavily influenced by Bitcoin’s movements, and BTC’s recent dip under GETTEX:59K poses additional risks for ETH investors. Conclusion Ethereum’s short-term prospects are mixed. On the one hand, the bullish divergence on the RSI, lower price rejection near support, and potential reversal patterns suggest that CRYPTOCAP:ETH could soon break out of its current trading range. On the other hand, insider selling by Vitalik Buterin and the Ethereum Foundation, combined with key moving averages sitting below current prices, implies that caution is warranted. Whether Ethereum ( CRYPTOCAP:ETH ) rebounds to its former highs or faces a significant correction, investors should remain vigilant and adjust their strategies accordingly.
BINANCE:ETHUSDLong
by DEXWireNews
Ethereum's Path to $4,200: Rising Channel Signals Big MovesHello, fellow traders! I'm excited to share my latest insights on Ethereum. Let's dive into the long-term trends and what they might mean for us in the upcoming months. Current Market Structure Ethereum's price is developing within a long-term rising channel, showcasing a series of higher lows and higher highs since 2022. This pattern indicates a sustained bullish momentum. Key Support Level: $2,000 This level is crucial. Holding above $2,000 suggests Ethereum may continue to rise within the channel. A breakdown below could signal a potential shift in the trend. Potential Price Movements Upside Potential: If Ethereum remains in the rising channel, there's a strong chance we could see a move up to the previous all-time high (ATH) around $4,200. Breaking above $4,200 might pave the way for new ATHs. Resistance and Reversal Risks: The previous ATH at $4,200 could act as a significant resistance point. There's a possibility of a pullback from this level, potentially leading to a "stop-loss hunt" scenario that might drag prices down to the $3,400–$3,200 area. My Outlook I'm anticipating movement within the rising channel towards $4,200 in the coming months. At this key level, caution is essential. Considering taking profits or adjusting positions could be a wise strategy. What do you think about Ethereum's current setup? Are you observing similar patterns or have a different perspective? I'd love to hear your thoughts! If you found this analysis helpful, please give it a like and follow for more crypto insights. Best of luck to all the hodlers and traders out there!
INDEX:ETHUSDLong
by ArShevelev
7
ETH Price Analysis: Eyeing a Sell Opportunity Near Key ResistancAfter finding strong support around the 2150 zone, Ethereum (ETH) began a recovery and has since entered an upward trajectory. While this recent upward movement is encouraging for short-term traders, the overall long-term outlook remains uncertain. There is a strong confluence of resistance around the 2900 zone, which may pose a significant barrier to further gains. In my analysis, despite the recent rise, Ethereum bulls are not entirely in the clear. The market is still vulnerable, and there is a strong possibility of another downward move, potentially pushing the price below the critical 2000 level before we see a genuine reversal and a more sustained uptrend. In conclusion, I'm looking to sell if Ethereum approaches the resistance zone, especially near the 2900 level. My target will be at least the recent lows, as I anticipate that the market may struggle to break through this key resistance. However, this bearish outlook would be invalidated if Ethereum sees sustained buying pressure above the 3000 figure.
COINBASE:ETHUSDShort
by Mihai_Iacob
Ethereum : ETH still BULLISH - Here's WhyFrom a macro analysis, ETH is very clearly in a bullish season. Apart from the obvious (following Bitcoin) there are a few other factors from which we can deduce that ETH is gearing up for another impulse wave UP. 👉 Higher lows 👉 Diagonal trendline acts as macro timeframe support 👉 Currently Three-White-Soldiers in the weekly - Bullish candlestick pattern From a technical indicator perspective, we can see a healthy bounce on the lower white trendline. We can expect the rally AFTER the price reclaims the now upper red trendline (at which point it will turn GREEN). The price is about to reclaim the 50d Moving Averages which, in the weekly timeframe, signals a bullish move: ________________________ BINANCE:ETHUSDT
Long
by CryptoCheck-
Ethereum Price ConsiderationsHey there, Ethereum enthusiasts! If you like my graphics, send some 💙💛 Gather 'round because we've got something to talk about. Picture this: a pattern that blending elements of a Double Bottom and an Adam and Eve formation. This kind of pattern often signals a big turnaround. Now, let's dive into the nitty-gritty. The chart's telling us that Ethereum is probably not going to dip below $1500, and honestly, it's looking quite sturdy around this range . Of course, just to be safe, let’s consider a scenario where Ethereum sees a little dip, but hey, let's keep our fingers crossed that it doesn’t tumble below $800. But here’s where it gets interesting: the sweet spot is right around $2000. If Ethereum manages to break through this level, we might just be on the road to reclaiming its all-time high of nearly $4840, a number that still echoes in our minds from the crazy days of 2021. Now, here’s the exciting part: my optimistic side sees Ethereum soaring to a fantastic $14000, but remember, the crypto loves to surprise us. Prices could skyrocket beyond our dreams or settle around $8000. The road ahead is full of twists and turns, but hey, that's what makes this journey so thrilling, right?
INDEX:ETHUSDLong
by ArShevelev
4
Ethereum remains bearish as long as 2500 is intactAs expected, ETH/USD experienced a sharp decline last week, revisiting its recent low. After this sell-off, the price began to recover and has now risen back to the previously broken support level. However, the rise has been choppy, overlapping, and corrective in nature, indicating that the downtrend may not be over just yet. A stop hunt above 2400, especially driven by upcoming inflation data, is a possibility. In my opinion, this could present a good opportunity to enter a short position. That said, if the price reaches 2500, it would invalidate my outlook.
COINBASE:ETHUSDShort
by Mihai_Iacob
8
Ethereum could test 2k zoneAt the beginning of August, ETH/USD broke below the crucial $2,900 support level, accelerating to the downside and reaching a low of $2,300. As expected, a recovery followed, with a retest of the broken level. However, despite two attempts by bulls to reclaim the newly formed resistance in August, both efforts failed, and the price subsequently rolled back down to the recent lows. Currently, Ethereum seems to be pressing downward again, and a break below the $2,350 zone could trigger a further correction toward the $2,000 level. I remain bearish as long as the price stays below $2,600.
COINBASE:ETHUSDShort
by Mihai_Iacob
2
Sony's Stock Surge as Soneium Ethereum Layer 2 Testnet Goes LiveSony Group Corporation (NYSE: NYSE:SONY ) has made a strategic move into the blockchain space, launching the "Minato" testnet for its Ethereum Layer-2 solution, Soneium. The announcement has sparked investor enthusiasm, driving Sony's stock price up by 3.51% following the testnet's debut. This marks a significant step forward in Sony's efforts to expand its digital infrastructure and leverage blockchain technology for broader applications. Minato Testnet: A Key Milestone for Sony’s Blockchain Ambitions The launch of the Minato testnet represents Sony's commitment to fostering a vibrant developer ecosystem and advancing blockchain adoption. Developed in collaboration with Web3 infrastructure provider Startale, the Minato testnet offers a realistic environment for developers to test and deploy high-volume applications. This strategic initiative aims to enhance Sony's digital infrastructure, bridging the gap between creators and their communities in the Web3 landscape. Jun Watanabe, Chairman at Sony Block Solution Labs, emphasized the testnet's significance, stating, “We have opened our testnet as a first step to foster a fan community centered on creators that can connect diverse values through Soneium.” This step aligns with Sony's long-term vision of integrating blockchain solutions into its core business strategy. Strategic Partnerships and Developer Incentives Sony's rollout of the Minato testnet is bolstered by strategic partnerships and innovative programs designed to attract developers. Astar Network, renowned for its multi-chain framework, is supporting the testnet phase by offering initial liquidity and a range of digital assets, both fungible and non-fungible. This collaboration is expected to strengthen the testnet’s infrastructure, enhancing its scalability and robustness. To further incentivize developer participation, Sony has launched the Soneium Spark Program, which offers up to $100,000 in funding, mentorship opportunities, and industry connections. This program is aimed at cultivating a dynamic environment for innovation, providing developers with the resources needed to build and scale on the Soneium platform. Market Response and Broader Implications The market’s response to Sony’s blockchain venture has been overwhelmingly positive, with Sony's stock price climbing 3.51% following the announcement. The rise reflects investor confidence in Sony's strategic shift towards blockchain technology, anticipating new revenue streams and enhanced digital capabilities. Moreover, key partners such as Astar Network, Chainlink, Optimism, and The Graph are also poised to benefit from this development, with expectations of positive price movements. Additionally, Circle's initiative to bridge USDC on the Soneium blockchain highlights the platform's expanding scope in Web3 applications. The combination of strategic partnerships, financial incentives, and technical support positions Soneium as a promising player in the competitive blockchain landscape. Future Prospects for Sony and Soneium Sony's venture into blockchain technology with the Minato testnet launch is more than just a technological milestone; it's a signal of the company’s broader ambitions to integrate decentralized solutions into its existing ecosystem. The Soneium blockchain, with its robust infrastructure and strong developer support, could serve as a catalyst for Sony's growth in the digital space. With the growing adoption of blockchain technology and a focus on building a strong developer community, Sony is well-positioned to capitalize on new opportunities in the Web3 era. The successful launch of the Minato testnet marks the beginning of an exciting journey for Sony in the blockchain space, with the potential to redefine its role in the digital economy.
NYSE:SONYLong
by DEXWireNews
Ethereum remains stuck in the same liquidity zoneEthereum remains stuck in the same liquidity zone. It has shown a bit of strength in the past few days, but the buying pressure is still not enough. I invite you to check out my analysis on Bitcoin, as it’s currently in a bullish pattern that will cause Bitcoin to take off very soon, which will pull the entire crypto market, including ETH, along with it. So, for now, we are still in the same zone I indicated several weeks ago and moving sideways. Thank you for supporting my analysis. For now, it's just a matter of waiting and continuing to buy for the next breakout! Best regards.
COINBASE:ETHUSD
by RocketMike111
Donald Trump Now Holds Ethereum Worth $1 MillionDonald Trump, the former President of the United States, has made headlines once again, but this time it's not about politics—it's about cryptocurrency. Recent financial disclosures have revealed that Trump holds between $1 million and $5 million in Ethereum ( CRYPTOCAP:ETH ), placing him among the prominent figures in the digital asset space. This revelation comes at a time when the crypto market is facing significant volatility, particularly for Ethereum, which is experiencing heavy selloffs and ETF outflows. Trump’s Deepening Involvement in Crypto The disclosure of Trump’s Ethereum holdings marks a significant shift in his financial strategy, particularly given his past criticisms of cryptocurrencies. Once dismissive of Bitcoin and other digital assets, Trump now appears to be embracing the crypto world, not just as an investor but as an active participant in the burgeoning market. His Ethereum ( CRYPTOCAP:ETH ) holdings, valued at up to $5 million, suggest a calculated move to diversify his wealth and capitalize on the growing influence of digital currencies. But Trump's involvement doesn't stop at Ethereum. He has also earned millions through NFTs (Non-Fungible Tokens), a digital asset class that has exploded in popularity over the past few years. According to the financial disclosure, Trump has raked in over $7 million from NFT licensing deals, making him a significant player in the NFT market as well. His NFT projects, including the controversial Trump Digital Trading Cards, have generated over 15,808 ETH in trading volume on OpenSea, one of the largest NFT marketplaces. The Crypto Influence of the Trump Family Trump's foray into the crypto world isn't an isolated endeavor. His family, particularly Donald Trump Jr., has also shown a keen interest in digital assets. Trump Jr. recently launched a Telegram channel dedicated to cryptocurrency and decentralized finance (DeFi), which has quickly amassed over 11,000 members. This initiative, dubbed "The Defiant Ones," signals the Trump family's growing influence in the crypto space and their intention to leverage this new frontier for political and financial gain. The timing of these revelations is particularly noteworthy as they coincide with Trump's ongoing campaign for a return to the White House. His deepening involvement in cryptocurrency could be seen as a strategic move to align himself with the rapidly growing number of crypto enthusiasts and investors, a demographic that has become increasingly influential in American politics. Ethereum’s Tumultuous Moment Trump’s significant Ethereum ( CRYPTOCAP:ETH ) holdings come at a time when the cryptocurrency is under intense market pressure. On August 15, spot Ethereum ETFs saw a net outflow of $39.21 million, reflecting waning investor confidence. This was further exacerbated by a major whale selloff, where 2,978 ETH were dumped, adding to the bearish sentiment surrounding the digital asset. Crypto analysts have issued warnings of a potential correction in Ethereum's price, with some predicting a drop below the crucial $2,000 support level. The combination of ETF outflows, whale selloffs, and technical indicators like the TD Sequential flashing sell signals all point to a challenging period ahead for Ethereum. Political Implications and Market Impact Trump’s crypto investments, particularly his substantial Ethereum holdings, add a new layer of intrigue to his political persona. His entry into the crypto space could resonate with younger, tech-savvy voters who view digital assets as the future of finance. Moreover, it positions him as a forward-thinking leader who is willing to embrace new technologies, a narrative that could play well in his presidential campaign. However, Trump's crypto dealings could also attract scrutiny, especially from regulators who are increasingly focused on the digital asset market. The fact that Trump has quietly amassed a fortune in Ethereum while the broader market faces regulatory challenges and volatility could raise questions about his motives and the potential impact of his financial decisions on the market. Donald Trump is making his mark in the crypto world, and the implications could be far-reaching. In the ever-evolving landscape of cryptocurrency, Trump's actions may set a precedent for other political figures to follow, potentially intertwining the worlds of digital assets and political power in unprecedented ways.
by DEXWireNews
Will Ether Rebound After the August 7th Death Cross?Disclaimer: This article is intended for informational purposes only and should not be construed as financial advice. Cryptocurrencies are highly volatile assets, and investing in them carries significant risks. On August 7th, 2023, Ethereum (ETH) experienced a death cross, a technical indicator where the 50-day Simple Moving Average (SMA) crosses below the 200-day SMA. Historically, this pattern has often signaled bearish trends, leading many investors to question the future trajectory of Ether. Understanding the Death Cross Before delving into the potential rebound, let's clarify what a death cross signifies. It is a technical analysis tool that suggests a potential downward price movement. However, it's essential to remember that it's not a definitive predictor of future price action. Market conditions, fundamental factors, and other technical indicators should be considered alongside the death cross. Factors Influencing Ether's Recovery Several factors could influence whether Ether can rebound from the August 7th death cross: 1. Market Sentiment: The overall cryptocurrency market sentiment plays a crucial role. If the broader market experiences a bullish trend, Ether might benefit from the positive momentum. Conversely, a prolonged bearish sentiment could hinder its recovery. 2. Regulatory Environment: Regulatory clarity and favorable policies can significantly impact cryptocurrency prices. Positive developments in the regulatory landscape could boost investor confidence and drive Ether's value upward. 3. Network Developments: Ethereum's network upgrades and advancements, such as the transition to proof-of-stake, can influence investor sentiment and demand for ETH. Positive developments in this area could support a price rebound. 4. Institutional Adoption: Growing institutional interest in Ethereum can provide price support and drive demand. Increased adoption by large financial institutions could contribute to a bullish trend. 5. Macroeconomic Factors: Global economic conditions, interest rates, and inflation can impact investor risk appetite and cryptocurrency prices. Favorable macroeconomic factors could create a positive environment for Ether's recovery. Technical Analysis: Beyond the Death Cross While the death cross is a notable technical indicator, it's essential to consider other technical analysis tools to assess Ether's potential rebound. These may include: • Support and Resistance Levels: Identifying key support and resistance levels can help determine potential price targets for a rebound. • Relative Strength Index (RSI): The RSI can indicate whether Ether is oversold, which could suggest a potential buying opportunity. • Moving Average Convergence Divergence (MACD): The MACD can provide signals about changes in momentum, helping to identify potential trend reversals. Cautious Optimism It's important to approach any prediction about Ether's rebound with caution. The cryptocurrency market is highly volatile, and past performance is not indicative of future results. While a rebound is possible, it's equally likely that Ether could continue its downward trend or experience sideways consolidation. Investors should conduct thorough research, consider their risk tolerance, and diversify their portfolios before making any investment decisions. Stay informed about market developments, technical analysis, and fundamental factors to make informed choices. Ultimately, the success of a rebound depends on a combination of technical, fundamental, and market factors. While the death cross is a significant event, it's just one piece of the puzzle. By carefully analyzing various indicators and considering the broader market context, investors can make more informed decisions about their Ether holdings.
COINBASE:ETHUSD
by bryandowningqln
1
Ethereum ETF Launch Brings Inflows of About $2.2 Billion In a landmark event for the cryptocurrency market, the launch of the spot Ethereum ETF in the United States has brought in a staggering $2.2 billion in inflows, as reported by CoinShares . This surge marks the highest weekly inflow since December 2020, highlighting a renewed interest and confidence in Ethereum and the broader crypto ecosystem. Unpacking the Inflows and Outflows CoinShares, a leading blockchain analytics firm, revealed in its latest report that the launch of the spot Ethereum ETFs last week significantly boosted market activity. Weekly trading volumes skyrocketed to $14.8 billion, indicating robust investor engagement. However, the picture is not entirely rosy. The Grayscale Ethereum ETF (ETHE), despite the overall positive market sentiment, experienced substantial outflows amounting to $1.5 billion, nearly 20% of its assets under management. This outflow dampened the otherwise bullish narrative. In contrast, ETFs managed by giants like BlackRock, Fidelity, and Bitwise saw net inflows totaling $1.18 billion in the same period. Despite these positive inflows, the net outflow for Ethereum ETFs in the first week stood at $338 million. Globally, Ether ETP products experienced a massive 542% surge in trading volumes, reflecting a high degree of investor activity and interest. A Déjà Vu with Bitcoin ETFs The initial response to Ethereum ETFs mirrors the early days of Bitcoin ETFs. Last week, spot Bitcoin ETFs in the U.S. recorded inflows of $519 million, contributing to a monthly total of $3.6 billion and a year-to-date inflow of $19 billion. These figures underline a growing acceptance and adoption of crypto ETFs among institutional and retail investors alike. Despite mixed flows, digital asset investment products saw relatively muted inflows of $245 million last week. Nonetheless, the Ethereum ETF launch significantly boosted trading volumes, reaching their highest levels since May at $14.8 billion. Ethereum Price Dynamics Ethereum's price has been on an upward trajectory, gaining over 1.64% in Monday's trading. Data from CryptoQuant indicates a surge in open interest, with a $1.5 billion increase in the last three weeks. This rise in leveraged trading could lead to greater volatility, as liquidations become inevitable. Investors should brace for potential price swings in the near term. Looking Ahead The recent price appreciation has pushed total assets under management (AuM) to $99.1 billion, with year-to-date inflows reaching a record-breaking $20.5 billion. As the market continues to evolve, the launch of the Ethereum ETF marks a significant milestone, paving the way for increased mainstream adoption of digital assets. While the mixed response to different Ethereum ETFs may cause short-term fluctuations, the overall trend points towards a growing maturity and acceptance of cryptocurrency investments. As an Investor and market participant closely watch how these dynamics play out, particularly with the anticipated increased volatility in Ethereum's price. In summary, the launch of the spot Ethereum ETF has had a profound impact on the market, bringing in unprecedented inflows and driving trading volumes to new highs. As the ecosystem continues to grow and mature, the future of Ethereum ( CRYPTOCAP:ETH ) and its investment products looks promising, albeit with the expected market volatility.
Long
by DEXWireNews
Ethereum back to 4k zone?Unlike Bitcoin, the recent correction in the crypto market hasn't led to a break of support in COINBASE:ETHUSD case. Instead, bulls held the 2900 technical support level very well. Although the recent ETF approval led to some profit-taking, bulls returned to the market around 3100, establishing a higher low. With new optimism back in the crypto market, I don't see ETH being left behind, and I expect a continuation toward the 4000 resistance level. Technically, as I mentioned, we have a higher low relative to the 2900 support, and once 3400 is cleared, we could expect acceleration. This outlook is negated if the recent low does not hold.
COINBASE:ETHUSDLong
by Mihai_Iacob
Ethereum bullish scenarioAlthough Bitcoin bears managed to set a new low a couple of weeks ago, Ethereum bears failed to do so and instead bounced off horizontal support which suggest it is maintaining its value better than Bitcoin. With Ethereum now back above the 200 EMA (in orange) on the daily chart and holding above the mid range, there is a good probability that the key $4,000 zone will be tested again. If Ethereum breaks through $4,000, the bulls could potentially push the price to the $5,555 zone. Let’s not forget that the #Ethereum ETF is launching soon, which supports a bullish scenario.
COINBASE:ETHUSDLong
by Krokzi
Ethereum ETH ETF trading starts 23|07|24Rumor has it that ETH ETF trading will start tomorrow If memory serves, with the start of BTC ETF trading, the price of Bitcoin 💰 rose briefly, and then a 2-week correction followed... And then there was a without correcting rise #BTCUSDT price from $40 to $70k We model approximately the same scenario on the OKX:ETHUSDT chart As long as the CRYPTOCAP:ETH price is above $3000-3200, it is a strong asset. P.S: Exactly three years ago, on July 20-21, 2021, there was the final bottom of the “painfully” correction, and then was another six-month bull run in the crypto market. Conspiracy theorists and reptilians love these dates and numbers ;)
by P_S_trade
4