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Ethereumforecast

Ethereum ETH price ready to move. ETH ETF soon ?In 2 months, the #ETHUSDT price rose from $3000 to $4000 and firmly established itself above $3400. Clearly according to the blue scenario 💙 + the news background around the #ETH ETF is actively recovering that large funds are ready to buy, just "agree" and launch) So let's try to assume that the next wave of #Ethereum price growth will be at least up to $5400 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
7
200,000 ETH Options Expiry: The Perfect Time to Go LongHold onto your seats because we have some thrilling news coming your way! The Ethereum market is buzzing with excitement as we approach a massive 200,000 ETH options expiry. This is a pivotal moment that could send Ethereum's price soaring to new heights, and you won't want to miss out on the action! As the expiry date looms, demand for Ethereum is already spiking. Traders across the globe are gearing up for what could be a monumental price movement. The big question on everyone's mind: How far can Ethereum's price go? Here's why this could be a golden opportunity: **High Demand:** The sheer volume of options set to expire is creating a frenzy of activity. More demand often translates to higher prices. **Market Sentiment:** Positive sentiment around Ethereum and its future developments is stronger than ever. This is a prime time to capitalize on the bullish momentum. **Technical Indicators:** Many technical analysts are pointing to bullish patterns that suggest a significant upward movement is on the horizon. Now is the time to make your move and consider going long on Ethereum. The potential for substantial gains is within reach, and you don't want to be left on the sidelines. Don't miss out on this electrifying opportunity. Get in on the action now and position yourself for potential significant returns. Let's ride this wave together! Happy trading, Remember, the early bird catches the worm! Make your move before the market reacts.
COINBASE:ETHUSDLong
by bryandowningqln
💎ETHUSD: FULL Multitimeframe analysis💎A lot of bullish confluence at the moment for ETH ☝️Do not act based on my analysis, do your own research!! Learn from my experience, with all the mistakes and pain shared on the way to the main goal - consistency. I'm always glad to discuss and answer questions. ⚠️ ALL videos and ideas here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. DO NOT act based on my analysis, do your own research!!
BITSTAMP:ETHUSDLong
by Yelli_trades
20
ETHEREUM DOMINANCE #ETH.D To 38% = $19,000 ETHThis would really upset the #Bitcoin maxis's wouldn't it? :) The number's in terms of dollar's per coin start to get ginormous. Assuming a $6 trillion Total Market cap and a peak dominance of 38% by ETH = 2.28 Trillion market cap for Ethereum Divided by the current supply of 120M coins We get a usd value of $19k per coin Is this my prediction ? IDK Smashing through $10k so significantly seems hard to imagine Unless a Ethereum ETF is launched early next year!!! Rather than a Bull trap if approved late in 2025 Either way The ETH 38% dominance could very be a likely scenario in my mind based on this chart pattern alone.
CRYPTOCAP:ETH.DLong
by BallaJi
3
ETHUSD SHORT - RISK ENTRY - END OF ETHEREUM STRENGTH FOR NOW?Hi again people. I am projecting the crypto to be weak this week, especially Ethereum. The whole pump from ETF expecetations from 3200 to 3900 should be corrected relatively quickly, we had similar situation with BTC & ETF. With slightly more Short positions on CME for both BTC and ETH, I am expecting an Ethereum panic this week. The entry now, and especially my SL is risky one - who knows if the market doesn't decide to take buy side liquidity first, but to be honest I smell weakness and I decided to give it a try. SL for me now: 3863. Safe SL: 4200. Target: 3200. Good luck and play safe!
COINBASE:ETHUSDShort
by AdiVV
1
Ethereum - $5.000 retest soon?Hello Traders and Investors, today I will take a look at Ethereum . -------- Explanation of my video analysis: By connecting the significant highs from 2018 and 2021 and the significant lows from 2019 and 2022 you can see that Ethereum is clearly trading in a rising channel formation. Furthermore Ethereum is approaching the previous all time high which is roughly at the $4.500 area but even then the path of least resistance is certainly higher. Eventually I do expect a retest of the $5.000 level. -------- Keep your long term vision, Philip (BasicTrading)
BITSTAMP:ETHUSDLong
by basictradingtv
1
The Bright Future of Ethereum"Past performance is no guarantee of future results" - We all know this famous phrase... Nonetheless, Ethereum still has a very bright future in the next decade. *Why I'm bullish on Ethereum:* - Every competing "superior" and newer blockchain (Fantom, Avalanche, Harmony, ...) includes EVM (Ethereum Virtual Machine) Compatibilty. - These types of products that are always compared with often have a long future, because they are the golden standard every competing company wants to be (Apple, Bitcoin, Tesla, ...) - Ethereum's transition to PoS will ensure lighter regulation compared to PoW Blockchains in the coming years, where sustainability and net zero emission is a core element of the global agenda. - Bankers & Wallstreet LOVE Ethereum because it is the backbone of every major DeFi Application that replaces traditional Financial Instruments (AAVE - Lending, UMA - Insurance, SNX - Derivatives, UNI -Exchanges, DAI - Stablecoins, LINK - Infrastructure, YFI - Asset Management) - The majority of the Web3 Economy builds upon Ethereum (Metaverses, DAOs) - ERC-721 (NFT's) are revolutionizing the art market. - ERC-1155 is revolutionizing the entire gaming Industry. (Enjin, Axie) - It is completely open source. *Possible bearish scenarios:* - Eth2.0 (if it ACTUALLY ever launches) is completely underwhelming. - Cryptocurrency gets banned in the United States as well. - "Black Swans" (Pandemics, Terrorism, War) - Vitalik Buterin gets caught in money laundering (?) and his holdings will be confiscated by the government. - Satoshi Nakamoto returns from the dead and dumps his entire BTC stack on the market, which will drag Ethereum with it. - Ethereum gets exploited. - Global Internet outage. To wrap it up: I'm bearish in the short term due to the extreme correlation with US Stocks and ETFs. ETH is still completely overbought on the monthly chart. I'm looking at price levels around $1'200, if there is a black swan event, even around $700 is a possibility. I hope you enjoyed my thoughts and analysis on Ethereum. May the fortune be with you :) -CYANE
BITSTAMP:ETHUSDLong
by cy4ne
2
Ethereum's Potential Surge: Bouncing Back from a 7-Year Support The recent weeks have been pivotal for Ethereum, the world's second-largest cryptocurrency. While its price faced some fluctuations, a crucial technical development suggests a potential for significant growth in the near future. Analysts are closely watching a technical indicator that hints at a bullish outlook for Ethereum in the coming months. The Power of the 7-Year Support Line The indicator in question is the ETH/BTC ratio, a metric that compares the performance of Ethereum relative to Bitcoin. This ratio recently bounced off a significant support trend line that has been in place for a staggering seven years. This trend line essentially represents a historical price barrier below which the ETH/BTC ratio hasn't fallen for an extended period. Technical analysts view such bounces from long-term support lines as potentially bullish signals. The argument is that when prices find support at these historical levels, it often precedes a period of price appreciation. In simpler terms, the fact that the ETH/BTC ratio held above this key support line suggests a potential reversal of the recent downtrend and a possible upswing for Ethereum relative to Bitcoin. Dissecting the Bullish Signal There's more to the story than just the bounce itself. The specific candlestick pattern formed at the support line adds further weight to the bullish interpretation. This pattern, known as a "hammer," is characterized by a long lower wick and a relatively small body, indicating selling pressure that was ultimately overcome by buying pressure. In the context of the ETH/BTC ratio, this hammer suggests that while there were attempts to push the ratio lower, bulls stepped in and prevented a significant decline. What Could This Mean for Ethereum Prices? While the bounce from the support line and the hammer candlestick pattern are positive signs, it's important to manage expectations. Analysts aren't suggesting an immediate surge to $4,900, the number mentioned in some headlines. However, the technical signals do hint at a potential for a sustained increase in the value of Ethereum relative to Bitcoin. This could translate to a notable rise in the USD price of Ethereum as well. Factors to Consider Beyond Technicals While technical analysis plays a role, it's not the sole factor influencing cryptocurrency prices. Here are some additional considerations: • Overall market sentiment: A bullish trend in the broader cryptocurrency market would undoubtedly benefit Ethereum. • Developments on the Ethereum network: Upcoming upgrades or positive news surrounding the Ethereum blockchain technology could further fuel its growth. • Regulatory landscape: Regulatory clarity and adoption of Ethereum-based applications could attract more users and investors. A Cautious Approach with a Hint of Optimism The bounce from the 7-year support line offers a glimmer of optimism for Ethereum's future. However, investors should exercise caution and conduct their own research before making any investment decisions. The cryptocurrency market remains volatile, and unforeseen events can always impact prices. Conclusion: A Potential Turning Point for Ethereum The technical indicators surrounding the ETH/BTC ratio suggest a potential turning point for Ethereum. While the exact price trajectory remains uncertain, the bounce from the long-term support line and the bullish candlestick formation paint a hopeful picture for Ethereum's relative strength in the coming months. By staying informed about broader market trends, technological advancements, and regulatory developments, investors can make informed decisions about their Ethereum holdings.
Long
by bryandowningqln
Ethereum Eyes $3800 as Weekly Wedge Breaks: Bulls Charge ForwardEthereum (ETH), the world's second-largest cryptocurrency by market capitalization, is signaling a potential breakout after a period of consolidation. This technical upswing comes after ETH/USD decisively broke out of a well-defined weekly wedge chart pattern, raising hopes of a surge towards $3800. Understanding the Weekly Wedge Pattern The wedge pattern is a common chart formation used by technical analysts to identify potential trend continuations or reversals. In a rising wedge, two converging trendlines, one acting as support and the other as resistance, form a triangle-like shape. This price action often indicates a period of consolidation before a breakout. In the case of ETH/USD, the recent price movement formed a rising wedge on the weekly chart. The price action respected the trendlines for several weeks, suggesting indecision amongst buyers and sellers. However, a decisive break above the upper trendline signifies a potential bullish continuation. Bullish Sentiment Emerges The breakout from the wedge pattern is a bullish technical indicator for Ethereum. It suggests that buyers have finally overpowered sellers and are pushing the price higher. This could be the beginning of a new uptrend, with the upper target of the wedge around $3800 coming into focus. Several factors could be contributing to the renewed bullish sentiment surrounding Ethereum. The successful completion of the Merge, transitioning Ethereum from a Proof-of-Work to a Proof-of-Stake consensus mechanism, could be a key driver. This upgrade is expected to improve scalability, security, and energy efficiency for the Ethereum network in the long run. Indicators Support the Breakout Technical indicators on the weekly chart are also aligning with the bullish breakout. The Relative Strength Index (RSI) is currently hovering around 60, indicating neither overbought nor oversold conditions, leaving room for further upside potential. Additionally, the Moving Average Convergence Divergence (MACD) has generated a bullish crossover, suggesting a potential shift in momentum towards the upside. Potential Roadblocks and Considerations While the technical indicators are flashing bullish signals, it's important to acknowledge potential roadblocks that could derail the ETH/USD rally. The overall health of the cryptocurrency market and broader economic conditions will significantly influence Ethereum's price movement. A resurgence of regulatory scrutiny on the cryptocurrency industry or a broader market sell-off could lead to a pullback in ETH's price. Additionally, unforeseen technical challenges related to the Merge or delays in Ethereum's scaling roadmap could dampen investor sentiment. What to Watch Out For Traders and investors should closely monitor key price levels and technical indicators to gauge the strength of the breakout. If ETH/USD can hold above the broken resistance line of the wedge pattern, it would be a positive sign for the bulls. Conversely, a drop back below the trendline could signal a potential breakdown and a return to the consolidation phase. The trading volume associated with the breakout will also be crucial to watch. High volume breakouts are generally considered more reliable than those with lower volume, as they indicate stronger conviction from buyers. Conclusion The breakout of ETH/USD from the weekly wedge pattern is a welcome development for bulls. While the upper target of $3800 remains in sight, continued investor confidence, healthy market conditions, and successful implementation of Ethereum's roadmap will be essential for the bulls to maintain control. As always, proper risk management and close monitoring of technical indicators are crucial for navigating the ever-volatile cryptocurrency market.
COINBASE:ETHUSDLong
by bryandowningqln
Ethereum price performance analysis | 27.05The bullish reversal in the Ethereum price trend from the $2850 mark leads to a falling wedge breakout and completes a rounding bottom. With a neckline at the swing high of $4000, the altcoin is preparing for a breakout rally. The bullish trend continues in ETH price with a 5% surge within 72 hours, potentially completing a triple white soldier pattern today. With buyers asserting dominance above $3900, the bull run chances above the $4000 psychological threshold increase significantly. The bullish crossover in the MACD and signal lines reflects a minor pause as the histograms decline. Further, the daily RSI line turns flat near the overbought boundary, reflecting the minor consolidation below $3900. As per the Fibonacci levels, the ETH price could aim for the $4698 level as the next target. Further, if any Ether ETF listing leaks this week, a bull run to the 1.618 Fibonacci level at $5841 is possible. WHITEBIT:ETHUSDT
Long
by paul_endeo
1
Ethereum- Nice bullish chart structure indicates 5kLike BITSTAMP:BTCUSD and much of the crypto market, COINBASE:ETHUSD is also in a strong uptrend. A correction began in March and concluded at the beginning of May. After breaking out of the corrective falling wedge, the price rose again to the 4k zone, with a high likelihood of breaking above this important level at this moment If this occurs, I expect Ethereum to reach a new all-time high around 5k or even higher. I remain bullish as long as the price stays above 3.5k.
COINBASE:ETHUSDLong
by Mihai_Iacob
ETH ETF Approval Could Spur 60% Rally as ETH Buying IncreasesThe approval of spot ether exchange-traded funds (ETF) in the U.S. could lead to a significant rise in the token's value, mirroring the market reaction seen with bitcoin ETFs. Bitcoin rose to over $73,000 from $42,000 in the two weeks after the ETF started trading on Jan. 11, CoinGecko data shows. The decision on the ether ETF is expected soon, with significant buying activity observed on both centralized and blockchain-based exchanges. Buying activity increased on both centralized and blockchain-based crypto exchanges, with holders buying over 100,000 CRYPTOCAP:ETH in spot markets on Tuesday, the highest daily level since September 2023. Open interest on ether-tracked futures spiked in tandem to a record $14 billion, 67% of bitcoin open interest as of Wednesday. Activity also increased at the Chicago Mercantile Exchange, an exchange favored by institutions, with ether futures hitting a record notional $2.85 billion of trading on Tuesday. Ether options traded a record 1,135 contracts ($216 million). Ether ( CRYPTOCAP:ETH ) prices in the coming days could be volatile after investors sent 62,000 CRYPTOCAP:ETH to exchanges, the most since early March. However, the firm's analysts warned of a "significant price correction" should the ETF application be dismissed. Six issuers, including BlackRock, filed updated copies of their ether ETF proposals this week ahead of a decision due today. All removed plans to stake the token, suggesting the activity may have been a regulatory roadblock.
Long
by DEXWireNews
1
Ethereum 15k+- i am far to be Elliot Wave expert and to be honest i am not a fan. - there's a lack of precision and EW can be extended. - Don't forget that the real name is " Elliot Wave THEORY ". - included a Fibo Analysis + Trend Analysis + famous bubbles. "The Elliott Wave Theory is a form of technical analysis that looks for recurrent long-term price patterns related to persistent changes in investor sentiment and psychology. The theory identifies impulse waves that set up a pattern and corrective waves that oppose the larger trend ". - Everything is in graphic as always. Happy Trading !
COINBASE:ETHUSDLong
by thecryer
13
ETH consolidating before continuing its way to $4KEther extended its gains over the past 24 hours as investors now expect an approval of Van Eck’s application for a spot Ether exchange traded fund (ETF) as early as today or by tomorrow at the latest. This would be the first of nine similar applications to be approved by the Securities and Exchange Commission (SEC). “ If they approve the Ethereum ETF, they are approving the entire industry. This is the last dam to be broken,” the crypto profile Anthony Pompliano said. The price of Ether rose another 3 percent on these speculations over the past 24 hours. It has risen by 29 percent over the past seven days. “If the spot ETH ETF is approved, it will be a true shock to everyone I know in DC who's close to this process. That doesn't mean it won't happen. It means approval could signal a major shift in US crypto policy after the SAB 121 vote, perhaps more important than the ETF itself,” the Chief Legal Officer of Variant Fund, Jake Chervinsky echoed. The US Congress has turned down the SEC’s proposed SAB 121 regulation, which would have forced crypto custodians to record their clients’ crypto holdings as liabilities on their balance sheet. The concerned financial institutions would incur massive capital expenses if this regulation was enforced. The question now is whether President Joe Biden will veto the decisions of the two chambers as he has indicated he will do, or not. Enjoying our newsletter? Get access to Lykke's comprehensive range of products and services. Get Lyffe now! Inflows into the ETH ETFs estimated to reach up to $45 billion Inflows into the above-mentioned Ether ETFs will reach between $15 and $45 billion by next summer, conditional on their approvals, according to the estimates of the Head of Forex and Digital Assets research at Standard Chartered Bank, Geoff Kendrick. He forecasts that the price of Ether will reach $8,000 by year-end, the Block reports. Clouds with some sun are gathering over Ethereum in the next 24 hours, but bullish sunny vibes will be back within 3 days and extend to the one-week time horizon. This indicates further upside potential for ETH. Follow us for more crypto news and weather reports!
COINBASE:ETHUSD
by ATTMO
$ETH Up 20% as Odds of Exchange Traded Fund (ETF) Approval High Ether (ETH) has surged 20% to over $3,829 as favorable regulatory developments increase the likelihood of ETF approval. CoinDesk 20, tracking the largest digital assets, rose nearly 8% amid positive regulatory progress on Ether ETFs. The Securities and Exchange Commission (SEC) has made abrupt progress in the approval of a Ether ETF by asking exchanges to update 19b-4 filings for ether ETFs. This suggests potential progress toward spot Ether ETF approvals. As a result of this significant development, the ether implied volatility curve flattened as 25-delta risk reversals hit YTD highs above 18%, and traders heavily bought $4000 calls for 24 May 2024 and 31 May, according to Presto Research analysts. A Polymarket contract asking if an ether ETF would be approved by May 31 jumped from 10 cents to 55 cents, representing a 55% chance that approval will take place by May 31. Another Polymarket contract asking if the ETF will be approved by June 30 is currently trading at 68%. A decision on VanEck's proposed ether ETF is due on May 23, followed by Ark's on May 24. Fidelity has filed an amended S-1 application with the United States Securities and Exchange Commission (SEC) for its spot Ether exchange-traded fund (ETF). The asset management giant has reportedly filed an updated S-1 application, stating that the ETF’s underlying Ether ( CRYPTOCAP:ETH $3,755) tokens will not be staked. S-1 filings are the SEC’s required registration form for launching publicly traded securities products in the United States. The next SEC deadline is May 23 for VanEck’s Ether ETF proposal. While senior Bloomberg ETF analyst Eric Balchunas has increased the odds of approval to 75% from 25%, this only applies to the 19b-4 form. Ether ETF issuers will also need to get their S-1 filings approved, according to Bloomberg ETF analyst James Seyffart. Staked Ether could be classified as a security despite CRYPTOCAP:ETH ETF approval. The SEC has previously sought to classify Ether as a security, and Ethereum’s upgrade to proof-of-stake (PoS) may have given the regulator another reason. However, the securities watchdog may still classify staked Ether as a security, according to Alex Thorn, the head of research at Galaxy Research. Technical Outlook Ethereum ( CRYPTOCAP:ETH ) is up 4% as of the time of writing at $3,809 per coin. With a Bullish Relative Strength Index (RSI) of 72.93 Ethereum ( CRYPTOCAP:ETH ) is set for a mega rally, the daily price chart depicts a "Bullish Flag Pattern" accentuating the thesis. Furthermore, the Long Bullish "Harami" candlestick on the daily price chart likewise validates the bullish thesis.
Long
by DEXWireNews
This. Is Actually Bullish. But First. One More Liquidation? Traders, I'm seeing this on the Bitcoin chart as well (future post). But here on Ethereum we are in a bullish descending wedge. It should break to the upside soon. However, careful going all in just yet. My spiny senses are telling me we could have one more liquidation of longs incoming before all lights are green. Our .618 fib level seems to be holding well so, this might look like a quick wick down during the course of the day touching that bottom part of the descending triangle or even possibly the 200 day sma. Get ready to pull the trigger on those buy orders if that happens or even if it doesn't. Stew
COINBASE:ETHUSDLong
by stewdamus
2