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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
BITSTAMP:ETHUSD
by CryptoSanders9563
5
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:
BITSTAMP:ETHUSDLong
by basictradingtv
28
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.
KRAKEN:ETHUSD
by MMmie
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
by CryptoSanders9563
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
by QuantVue
10
Look at these important levels for ETHA person asked me to give ETH a look, here are my thoughts: The value lines are centers of contraction zones There are quite a few imbalances that could be filled. The zones I marked with circles are points of contraction in momentum, this is often followed by a big move up or down. The recent contraction in momentum happened above a daily value line, which means a long would be taken, for now I wouldn't hop into an ETH trade, but I would wait for either retracement to one of the imbalances or the Bullish Order Block. Make sure to look at momentum at each of these levels, you can make an alert at each price point **TPI FOR ETH** The trend probability for eth is still quite neutral, but we have seen a couple of signals ETH also seems to be flat on its performance, compared to BTC, so you wouldn't be taking on much more risk by swinging longs on ETH than on BTC: Hope this helps a bit
BINANCE:ETHUSD.P
by IkkeOmar
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- ethereum (ETH) was also in the red on Monday, with prices plunging below 1,900 Following a high of 1,934.00 on Sunday, ETH/USDT dropped by almost 100, hitting a low of 1,839.89 earlier in the day. Similar to Bitcoin, today’s decline saw the world’s second-largest cryptocurrency fall for its third consecutive day. it appears that ethereum bears are now attempting to take the RSI to its own point of support at 45.00. Currently, the index is at the 47.02 level, having recently moved below a higher support point of 49.00. Should price strength hit the target of 45.00, there is a possibility that ETH will be trading under 1,800. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
5
Ethereum to find buyers at market levels?Ethereum - 24h expiry - We look to Buy at 1831 (stop at 1781) Daily signals are mildly bullish. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Buying was posted yesterday but levels close to bespoke resistance of 1880 have found sellers. We look to buy dips. Our profit targets will be 1951 and 1971 Resistance: 1860 / 1900 / 1935 Support: 1840 / 1820 / 1800 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.
VANTAGE:ETHUSDLong
by VantageMarkets
BTC to see growth with $10 million donationMay 5 - OpenSats, a nonprofit organization focused on Bitcoin and other projects, announced that it has received a $10 million donation from Jack Dorsey's philanthropic initiative that will be used to support the development of free open source software and projects focused on Bitcoin, the decentralized social protocol Nostr, and related technologies. All donated funds will be allocated to projects reviewed by OpenSats' board of directors. startsmall's donation includes funding for OpenSats' operating budget, and in addition, half of the donation amount ($5 million) will be used to advance the growing new Nostr ecosystem. openSats said it has established a committee of Nostr developers committee, including fiatjaf and NVK, who will help OpenSats evaluate the contribution of projects and protocols.
COINBASE:ETHUSD
by MieMie87
Ethereum -> BoooomHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum is currently retesting and already rejecting a quite obvious previous weekly structure area at the $1900 level. You can also see that weekly market structure is overall massively bullish, moving averages are also pointing towards more upside potential so I am now just waiting for any retracement before I then do expect a retest of the next resistance level at the $2400 area. On the daily timeframe you can see that over the past couple of days Ethereum actually created a bullish double bottom and with today's candle Ethereum is perfectly breaking above the neckline at the $1930 level, so I am now just waiting for a retest of the neckline before I then do expect more upside continuation. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
32
ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum Analyzing the daily chart, the price previously formed a higher pattern before experiencing a significant decline. The 50-day moving average at $1.8K acted as a support level, casting a significant shadow on the daily charts and substantial volatility on the lower time frames. Currently, ETH is confined within a narrow dynamic range between the 50-day EMA, which is currently at $1931, and the key resistance area at $2K. If the price manages to overcome the $2K resistance and surpass its previous high at $2.1K, it could potentially trigger an extended rally. Conversely, if there is a break below the 50-day EMA, the 100-day moving average at $1.7K will become a primary support level. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
Block earns $2.16 billion in bitcoin revenue in Q1, up 25% year-Financial technology company Block (SQ) said in a shareholder letter Thursday that its Cash App unit generated $2.16 billion in bitcoin revenue in the first quarter, up 18 percent from $1.83 billion in the fourth quarter and up 25 percent from the first quarter of 2022, with Block taking total bitcoin sales as revenue. Cash App generated $50 million in gross bitcoin profit in the first quarter, up 43% from the fourth quarter and up 16% year-over-year. The company as a whole reported first quarter gross profits of $770 million, up 16% year-over-year. The company did not take an impairment loss on its bitcoin holdings in the first quarter due to the increase in the price of bitcoin. block reported an impairment charge of $9 million on its bitcoin investments in the fourth quarter and $47 million for the full year 2022. As of March 31, Block held bitcoin with a fair value of $229 million, compared to a carrying value of $126 million recognized on the balance sheet.
COINBASE:ETHUSD
by MieMie87
What to consider when trading with Ethereum?Ethereum has established itself as a significant player in the digital currency market since its launch in 2015, boasting roughly 3.9 million active crypto wallets. Its popularity is attributed to its decentralized system and native currency, ether, which provide users with a common ecosystem to communicate and transfer funds between applications effortlessly. Ethereum's versatility enables it to serve a wide range of purposes, such as facilitating decentralized companies, crowdfunding platforms, and e-commerce. The increasing popularity and technological interest in Ethereum have resulted in a surge in the value of its native currency, attracting investors seeking profitability and the potential to revolutionize businesses. The participation of major financial institutions within the Ethereum ecosystem has contributed to the growing interest in this technology. As the number of applications developed on the Ethereum platform increases, its technological evolution is expected to be fascinating. Some experts predict that Ethereum may surpass Bitcoin in market capitalization due to its versatility and potential for use in various industries. Ethereum's decentralized system and innovation potential are likely to ensure its position as a significant player in the digital currency market for the foreseeable future. Investing in Ethereum demands careful consideration and risk assessment since the cryptocurrency market is volatile and unpredictable. While optimistic predictions of a significant increase in Ethereum's value exist, it is essential to approach such forecasts with caution. As depicted in the graph, Ethereum experienced a sharp decline following its peak in November 2021, only to surge again in the summer of 2022. However, despite the risks, Ethereum remains a promising investment option due to its established reputation, market presence, and the ongoing development of new applications on its platform. Ethereum's relative safety from scams can be attributed to its market position and reputation, which sets it apart from many lesser-known cryptocurrencies. Furthermore, Ethereum is one of the top 10 largest cryptocurrencies, which adds to its credibility and potential for long-term success. To ensure a successful investment, it is crucial to conduct a thorough analysis and risk assessment, along with adhering to the fundamental rule of investing only what one can afford to lose. By carefully considering the risks and potential rewards, investors can make informed decisions about whether investing in Ethereum aligns with their investment goals and risk tolerance.
KRAKEN:BTCUSD
by vf_investment
7
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) also made a comeback on Hump Day as the bulls started re-entering the market. ETH/USD reached a peak of 1,879.76 on Wednesday, having dropped below nearly 1,800 the day before. This move allowed Ethereum bulls to briefly propel the price above the 1,875 ceiling before retreating as the session matured. Earlier gains were pared down as price strength was unable to overcome a key point of resistance at 48.00, with the index now tracking at 46.99. Despite this, there is still some optimism that Ethereum could move above 2000 later today, ETH is trading at 1,900. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
6
Upgrades bring more value-added appearances, up %153 per monthFollowing the implementation of the Shapella upgrade on April 12, the cost of the ethereum network has risen significantly. Over the past 30 days, on-chain fees have increased by more than 153% from the previous $4.65 to the current average of $11.80 per transaction. This data highlights a significant increase in transaction-related costs on the ethereum network, indicating a significant increase in on-chain activity. Over the past month, Ethernet network fees have increased significantly, with on-chain transfer fees increasing from $4.65 per transaction on April 1 to an average of $0.0064 ETH or $11.80. The data shows that the average cost of the ethereum network has increased by a staggering 153% in just 30 days. In addition, even the "medium protocol" fees are significantly higher, increasing 157% from $2.13 per transfer on the first day of April to the current level of $0.003 ETH or $5.49 per medium transaction.
COINBASE:ETHUSD
by MieMie87