ETHEREUM/USDT UPDATE !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) was broadly stable on Tuesday, despite a brief breakout below the 1,800 level.
ETH/USD touched a high of 1,845.70 at the start of the day, leading from a low of 1,797.84 to start the week.
The world's second-largest cryptocurrency has since declined, trading at 1,820.12.
It is close to the lowest price of 1,820, maintained since last Wednesday when the price was on its fifth day of a six-day decline.
Firming up in prices has also contributed to the current volatility. The index is hovering below the critical resistance level.
Should it move beyond a reading of 45.00, there are good chances that ETH bulls will make another run toward the 1,900 level.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Ethlong
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) also posted gains at the start of the week, as it surpassed the $1,800 mark in today's session.
ETH/USD reached a high of 1,834.94 on Monday, after falling down to 1,787.54 in less than 24 hours.
This is the second day that ETH has gained, and it comes after a recent eight-day losing streak.
This resulted in Ethereum falling to its weakest point since March, however, it now appears that momentum has now shifted.
Price strength has also increased on Ethereum, climbing above a key point of resistance at the 44.00 level.
The index is now tracking the 45.85 mark with the next range at the 50.00 level.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Ether beacon pledge ratio rises to 8.76%According to the data, about 2.67 million ETH have been unpledged and about 3.41 million ETH have been newly deposited since the completion of the upgrade of Ethernet Shanghai, with a net pledge balance of about 735,000 ETH. i.e. the number of newly deposited ETH since the completion of the upgrade of Ethernet Shanghai has exceeded the number of unpledges.
In addition, about 43.6 million ETH are currently in the status of pending withdrawal, and the pledge APR is 8.76%.
Ethereum to find support at previous resistance?Ethereum - 24h expiry - We look to Buy at 1811 (stop at 1761)
Prices have reacted from 1738.
Daily signals are mildly bullish.
Previous resistance at 1800 now becomes support.
We look to buy dips.
Support is located at 1800 and should stem dips to this area.
Our profit targets will be 1931 and 1951
Resistance: 1833 / 1860 / 1880
Support: 1805 / 1785 / 1760
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Ethereum 5 Year Macro Economics Outlook: Fractals and MoreWhen in Doubt, Zoom Out! Ethereum is measured exactly like their previous 2017 cycle. On the chart, you'll notice i highlighted the supports red, and the resistances green. Please comment on your perspective and share your insight, thank you!
ETH, BNB🌴☀️ BTC🌥️ What's the 1-week outlook? Tropical conditions, a very bullish sentiment with some upside potential – lies ahead for Ethereum over the next 24 hours after it fixed technical issues on its beacon node. Binance Coin should also benefit from tropical conditions today, according to ATTMO, a weather-inspired crypto AI forecasting tool.
Sunny weather with a few scattered clouds lies ahead for Bitcoin and Cardano in the next 24 hours. This means that a slightly bullish market with upside potential is likely.
Over a one-week horizon, ATTMO expects cloudy weather with some sun for Bitcoin, Litecoin, Ripple and Binance Coin . This forecast can be translated into a slightly bearish market with downside risk. Ethereum and Cardano face slightly better trading conditions over a one-week horizon: sunny weather with a few clouds – a slightly bullish market with upside potential.
Follow us for more crypto market insights!
Current ETH Pledge Yields Reach New HighsCurrent annualized return on ETH pledges is at an all-time high of 8.6%. Since the Shanghai upgrade, 3.4million ETH have been deposited into ETH2.0 contracts and 2.67million ETH have been withdrawn, for a net pledge of 734.92k ETH (worth $1.4bn). Previously, stETH APR was also pushed up to an all-time high of 8% due to a speculative boom.
The Ethernet development team is working on an improved versionThe Prysm team, the core developer of ethereum, is working on a new version and improving issues with Prysm, which performed poorly during a brief anomaly in the ethereum consensus layer that occurred early this morning, but so did other clients, but Lighthouse performed very well during this time.
prestonvanloon.eth said the Prysm client encountered a high rate of cache miss events when replaying recent state, where some replay discrepancies were as much as two full blocks at a rate of up to 65 times per minute.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) was back above a key price level to start the weekend, as it once again rose above the 1,800 mark.
ETH/USD hit a peak of 1,816.06 in today’s session, less than 24 hours after declining to a low of 1,747.94.
Bulls have seemingly taken yesterday’s move to a multi-week low as an opportune moment to increase position sizes in ETH.
this was helped by the fact that RSI found a stable point of support, which in the case of ethereum was at the 41.00 zone.
From the floor, price strength is now taking close to a ceiling at 45.00, and should this be broken, ETH will possibly move back above a key point at 1,830
Hit the like button if you like it and share your charts in the comments section.
Thank you
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) was also in the red on Friday, as bears continued to control market sentiment.
ETH/USD slipped to a low at 1,742.40 on Thursday, following an earlier peak of 1,835.62 the day prior.
today’s drop in price saw the world’s second-largest cryptocurrency hit its lowest point since March.
A major catalyst to the move was also a breakout on the RSI, which fell out of a support point at the 44.00 zone.
Currently, the index is at a reading of 39.04, which is its weakest level since March 11, when ETH traded below 1,500.
Ultimately, this could be a long-term positive for bulls, who may move to buy the current dip in price.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ETH/USD bullish breakoutETH/USD Price is going to break the upper dynamic resistance with bullish potential up to the level of 1869.
Ethereum -> Wait For The Clean BreakHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is once again retesting previous weekly structure exactly at the $1800 level which is now turned strong weekly support.
You can also see that the overall market structure and moving averages are still bullish, in my opinion the whole crypto market and especially Ethereum is ready for a bullrun, so I simply do expect more continuation towards the upside.
On the daily timeframe however you can see that daily market structure turned bearish with yesterday's break below support so I am now just waiting for a simple break back above the structure which is then turned support and then I do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Trade Alert - Long EthereumTraders,
A wick down tagged our neckline precisely as expected. Now, we’ll probably incur a few more days of price action down in this area, but I’ll buy now to be safe. It’s only 50 dollar down to that neckline. Target will be 3,000. SL will be 1500 for now (to be adjusted as that 200 day ma moves up).
More trades to come.
Stew
Lisk Foundation prepares to convert all existing BTC to ETHMax Kordek, co-founder of Layer 1 blockchain application platform Lisk, tweeted that the Lisk Foundation will convert 1,000 bitcoins (BTC) into ethereum (ETH) over the next 10 weeks, which will be held as part of the foundation's long-term funding.
The Lisk Foundation will sell 100 Bitcoins per week to reduce the risk to the third parties involved, and the converted Ether will be deposited into a multi-signature wallet. In a reply to the tweet, Kordek said that the Lisk Foundation would consider pledging these Ether coins, "but not right away.
Kordek cited reasons for swapping BTC for ETH as including the fact that Ether is the world's largest blockchain platform and ETH is the second largest cryptocurrency with acceptable risk for sustainable long-term returns, writing that "it makes sense to invest in an asset that appreciates, deflates and generates income.
In terms of future financial strategy, Kordek says the Lisk Foundation plans to use fiat money in 2023 and bitcoin funding in 2024 and 2025, after which the foundation will be sustained by project revenue.
ETHEREUM short setup Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
swing long $eth | multiple TP setupalright talked myself bullish here at htf support.
thesis being if bulls can't hold here, it's a long way down.
sentiment seems to be uber bearish, which typically occurs at range lows before a move up.
the time to short was up around $2.1k, not here. RR favors bulls.
multiple TPs.
TP1: $1860s
TP2: 1930-70s
TP3: 2000-70s
one. last. ride.
ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum also hovered near its own support point in today's session as the overall market sentiment remained uncertain.
ETH/USD hit a low of 1,835.70 on Wednesday, which comes a few days after the price traded above 2,000.
Ethereum is now in the red for the fifth day in a row and is down nearly 10% during that period.
This recent run has sent the 25-day (blue) moving average (MA) down, with the trend line rapidly approaching its 10-day (red) counterpart.
Although the longer-term momentum is slowing, the fact that the 10-day EMA is below the 25-day line means that an upside crossover could lead to a bullish run.
If this happens, there is a good chance that the Bulls will aim to recapture the 2,000 points.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Ethereum - 6 Possible Scenarios 🧠What's up, traders! In today's market breakdown, we're mapping out our latest levels to watch for on the ETH 30m chart.
Let's dive right in...
Ticker: ETHUSDT
Date: 05/10/23
Timeframe: 30min
Supply: 1875-1890 (1st red zone), 1915-1935 (2nd red zone)
Demand: 1780-1820 (green zone)
Commentary:
Major crypto as of 4PM ET stands exactly where it was before CPI data. Crypto has mainly followed the futures (ES and NQ) with price action today - rejecting supply levels to test major demand and then rallying back to break supply levels.
If major crypto is to continue following the futures, we are to see continuation on this move up. With the major pullback that we have seen since last Friday, the risk to reward also favors bullish bias.
With that in mind, however, we need to be option to trade all sides and there are a few scenarios we could target from here:
✅ Bullish Scenario 1: you want to see price pull back into the demand zone ~1780-1820 and buyers to emerge again for an upside move, possibly into ~1875-1890 supply or higher. This is the safer upside play.
✅ Bullish Scenario 2: you want to see price break above ~1875-1890 supply zone, pull back to retest this zone and turn it into demand to catch a break and retest for a further upside move, potentially into supply at ~1915-1935.
✅ Bullish Scenario 3: you want to see price rally and break both supply levels, pull back to retest ~1915-1935 zone and turn it into demand to catch a break and retest for a further upside move potentially into last weekend's highs.
🟥 Bearish Scenario 1: you want to see price move up and approach supply again at ~28650-28890, sellers to regain control and possibly catch a retest of this supply zone into demand at ~27660-27960 again. This will be the safer downside play.
🟥 Bearish Scenario 2: you want to see price break demand here at ~27660-27960, retest and turn this demand into supply, and find weakness again for a move into ~26500-27000 demand.
🟥 Bearish Scenario 3: you want to see price break demand at ~26500-27000, retest and turn this zone into supply for a further downside move into ~25300.
That's all we got for you in this one.
So what do you think? Are you bullish or bearish?
Let us know in the comments below!
We'll see you in the next one.
-The AlgoBuddy Team