Bullish ☀️ Shines on ETH, Upside Potential For The Entire WeekThe deadline for the Securities and Exchange Commission (SEC) to decide whether to approve or reject eight spot Ether ETF applications on its table lapses in less than two months. However, there seems to be little contact with the concerned asset managers, contrary to last fall prior to the approval of the first nine spot Bitcoin ETFs in the US.
“Re Eth ETF approval, we are holding the line at 25% odds altho tbh it is a very pessimistic 25%. The lack of engagement seems to be purposeful vs procrastination. No positive signs/intel anywhere you look. Personally hope they do approve it but it just ain't looking good,” Bloomberg’s ETF analyst, Eric Balchunas, said.
The Chief Legal Officer of Grayscale, Craig Salm remains confident of their approval. “In the final months leading up to #Bitcoin ETF approval, @Grayscale and others received positive and constructive engagement from the SEC. We had thoughtful conversations and discussed the finer details of creation/redemption procedures, cash v. in-kind, APs, LPs, custody etc.”
“All of these issues were figured out and are identical when comparing spot #Bitcoin to #Ethereum ETFs. The only difference is rather than the ETF holding bitcoin, it holds ether. So in many ways, the SEC already has engaged and issuers simply have less to engage on this time,” Salm added.
The price of Ether fell 1.4 percent to $3,609 over the past 24 hours.
Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with a bullish sun shining over Bitcoin and Ether. Bearish clouds, signaling downside risks, linger over Ripple’s XRP, Cardano and Binance Coin.
The forecast is sunnier over a one-week horizon, with all cryptocurrencies covered by ATTMO likely to profit from upside potential, Ethereum included.
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ETH/USD Trading Analysis: Loading Zones -> $10kIn this ETH/USD trading analysis, we explore the market movements since July 2022, highlighting the formation of a harmonics pattern and the confirmation of the previous low loading region as support. Notably, the market breached resistance around the $2000 mark, indicating a significant bullish momentum. Further analysis at the daily timeframe reveals a trend of treating the loading zone, particularly at the monthly level, as support, potentially signaling the confirmation of another loading zone.
Anticipating future movements, it's likely that the market will consolidate sideways, with $4000 acting as resistance and the $2000 level being revisited as support before another bullish push. However, it's crucial to monitor the developments closely, as a break above $4000 could lead to it being treated as support, altering the trajectory of the price action. Regardless of the short-term movements, long-term targets are set at $10,000.
As always, it's essential to remember that trading involves inherent probabilities, and the analysis provided here does not constitute trading advice. Traders are urged to conduct thorough research and manage their risks accordingly. Dollar-cost averaging is emphasized as a reliable strategy, with a reminder that investing often outperforms frequent trading.
Wishing all traders success and profitable trades.
Keywords: ETH/USD, trading analysis, harmonics pattern, support levels, resistance levels, sideways consolidation, bullish momentum, price targets, dollar-cost averaging, investing, risk management, trading advice.
📈Quick Ethereum Long Setup / 49Min (Updates soon)📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Hello traders.
Ethereum has a bullish guard above the current support.
Volume management and a risk-free strategy are very important in this setup.
Bollinger band midline movement can help you manage your risk.
The divergence of the indicators is shown in the chart.
AVAX Will MOON Like ETH MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here
AVAX has had a very strong breakout , These breakouts can often continue longer than people think. AVAX is retesting the neckline here and should follow ETH into a bull market and parabolic move . It should continue to moon with some patience. This has very good market structure and good price action . These structures are how you can make good returns on investment / on your trade
Please watch the video for more information
#ETHUSDT: Looking for a continuous bullish move up until $4500.BINANCE:ETHUSDT Price had left strong wick rejection and has show some strong bullish behaviour since last two days. We expecting ETH to hit a new record high which would be between $4500-$5000 which will be our final target before ETH make any major correction, use accurate risk management.
There are two scenarios that can happen with ETH, if price decide to make any major correction before hitting 4500$ then the idea will be invalidated and we will update you all. Take this idea as secondary bias and always protect your capital.
good luck and trade safe.
ETH - MACRO Multi-Month Logarithmic Target📉Hi Traders, Investors and Speculators of Charts📈
I've made a few updates on BTC from a macro perspective, but let's take a look at ETH today. What we specifically want to focus on is potential targets / bounce zones, and we'll use the logarithmic weekly recession t get to these targets.
From using the same timeframe as the previous bull season, and by using the same pivot points, we get a $20K target on ETH - a possibility for later this year:
Shorter and mid-term targets could include:
Here's the update on BTC, incase you missed it:
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BITSTAMP:ETHUSD
📈Ethereum overtake Bitcoin after Dencun update!📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Ethereum can start an upward scenario on the eve of its update.
The condition for the occurrence of this bullish scenario is the stabilization of the price in the yellow range.
after that, the bullish scenario can continue up to the level of 0.06 and after stabilizing above specified level, it can go up to the channel.
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ETHUSD channel up support broken?ETH perform channel up and try to break channel up support right now.
We have buy zone around 3758 to 3891 to follow bullish movement,
and if this support broken, we still have fibonacci support at 3402
Bullish from this point at 4083 resistance, with maximum target at channel up resistance, around 4360
I will update this analysis if I found a new key level.
ETH - Up or Down Post Dencun Upgrade?The highly awaited implementation of Ethereum’s Dencun upgrade just happened. It will not only drastically cut the Ethereum blockchain’s transaction costs (gas fees), but also optimize data storage. Read more about the upgrade’s positive implications for users, developers and the Ethereum ecosystem as a whole here.
The price of Ether rose 0.8 percent to $4,058 over the past 24 hours.
The bullish sun continues to shine over large parts of the global crypto market, including Bitcoin and Ether, in the next 24 hours and week. This signals further upside potential, according to ATTMO. Avalanche bucks this positive trend and will face bearish clouds or downside risks in the 24 hours ahead.
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ETHUSDT - Up onlyThe current situation suggests a potential bullish trend for ETH/USDT. The fact that the MFI (Money Flow Index) on the weekly chart is at 82 indicates strong buying interest in the market. A high MFI value suggests that money is flowing into the asset, which could be indicative of a potential upward movement in price.
Additionally, the RSI (Relative Strength Index) at 68 on the weekly chart is moderately bullish. While not in overbought territory (usually considered above 70), an RSI of 68 suggests that there is room for the price to continue its upward momentum.
The RSI with a 58-period moving average (RSIMA58) may also be signaling a positive trend. If the RSI is above the 58-period moving average, it could imply that the recent price gains have been stronger than the losses.
Taking these indicators into consideration, it's plausible to suggest that ETH/USDT may experience an upward movement from its current value of 2400 to a range of 3400 to 4600. However, it's crucial to approach such predictions with caution, as market conditions can change rapidly, and unforeseen events can impact price movements. It's recommended to conduct thorough research and consider multiple factors before making any financial decisions.
ETHUSD LONG TERM BULLISH TRADELooking for a possible bullish continuation on the current bullish trend on ETH
This ter thee market broke above the 28/03/2022 high. This is the same high that I have been tracking on the BTC.
Looking for ETH to rally towards its ATH at 4951.83 .
A break of this high I will track the Fib extension high and looking for possibility of the market touching the 100 fib extension at 5750 followed by a possible test of the of the 1.272 fib extension at 7074.71 .
ETH - The ALTCOIN that CAN still x10🚀📉Hi Traders, Investors and Speculators of Charts📈
Ethereum has made an astonishing 6 consecutive green weekly candles. ETH is forever growing, with even more exiting developments on the horizon for this year. The Ethereum Foundation has announced the upcoming launch of the Dencun network upgrade on the Ethereum mainnet, following its successful activation on all testnets. Scheduled for March 13th , 2024, this upgrade mandates node operators and stakers to update their software.
With all of the development still happening mainly on ETH, I see a bright future for this altcoin as more adoption comes and market capitalization increases.
For the short term: From a technical indicator perspective and given how close we are to 4K, I think ETH increases a bit here before pullback, giving that often when we see "Overbought" in the weekly, there's usually a dip that follows the next weekly candle.
Make sure you check out this idea to get a better understanding of money-rotation between BTC and Alts:
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BITSTAMP:ETHUSD BINANCE:ETHUSDT
ETH BULLS NEW TARGET $4,300Everyone is building something and they build they will always come resistance.. and value is smiling and knowing resistance is just another way to grow..
ETH reach a resistance and fell sharply, price yesterday filled up the losses and ready to break higher.
The benchmark is seeking to bring to life that which has not yet exist..
Today I will be adding more positions to my existing position on ETH
PA will be flying from $3800 entry point..
1,500 pips in play here, lets watch PA travel to our target area..
Hey, instead of watching, join me on this train.. could be the best trade of your life.