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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) After hitting a high of 1,851.19 to start the week, ETH/USD fell to a low of 1,809.19 at the start of the day. Yesterday's decline saw the world's second-largest cryptocurrency down from its long-term price bottom at 1,830. ETH has rebounded from this floor, as the sentiment remained relatively stable despite the earlier decline. This happened despite the RSI trading under its own support point at 45.00 with a current reading of 44.30. More moves could follow after the Fed's decision, with a possible move above 1,900 still on the cards. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
2
The dramatic rise in Ethernet network costsSince the launch of the Shapella upgrade on April 12, transaction fees on the ethereum network have been trending strongly upward. From that day through April 22, the network processed more than 1 million transactions per day, excluding April 16. Next, Ether's transaction volume stayed below 1 million, averaging 800,000 to 900,000 transactions per day. Given these 30 days of rising fees, the cost of certain transactions on the Ethernet network is relatively high. For example, sales on Opensea charged $9.93 per transfer, while transactions on Uniswap charged $25.58 per transaction. On the other hand, depositing ERC20 tokens costs $7.50 per transaction. Interestingly, since the implementation of the Shapella hard fork, the Ethernet Arbitrum Layer 2 (L2) extension solution has exceeded the network's transaction volume in the daily timeframe. Since April, Arbitrum has processed 1.1 to 1.5 million transactions per day, while L2 competitor Optimism has recorded 240,000 to 550,000 transactions per day during the same period. In addition, Arbitrum's average transaction fee is $0.368 per transfer, while Optimism's average transaction fee is slightly higher at $0.682 per transaction. Over the past 14 days, ETH's market cap has fallen 12.7% against the U.S. dollar. However, the second largest digital asset by market cap is still 1.4% higher than it was in the previous 30 days. Currently, ETH has a market cap of $220.1 billion, or 18.97% of the total value of the crypto economy, compared to $1.16 trillion as of yesterday.
COINBASE:ETHUSD
by MieMie87
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) was also in the red, as prices plunged for a second consecutive session. ETH/USD dropped to a bottom at 1,829.41 earlier in the day, less than 24 hours after trading at a peak of 1,938.42. Similar to BTC, today’s slippage sent ethereum below its own point of support at the 1,830 level. ETH has since rebounded from this floor, as bulls opted to buy the dip, rather than continuing to flee positions. This was helped by the fact that the RSI here also collided with a support zone at 45.00, and it continues to track beyond this point. Bulls will likely be targeting re-entry above 1,900 in the upcoming days. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
Trading ETHUSDT with Elliot WavesHi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. In today's analysis, I'd like to present an easy-to-follow guide on using Elliot Waves for trading. Elliott Wave theory will require looking for a pattern of five consecutive waves before making a trading decision. Elliott Wave theory begins by identifying two different types of waves. Impulsive waves : Move in the same direction as the overall trend, 12345 Corrective waves : On the contrary, move against the overall trend. ABC Elliot Wave strategy needs to follow and abide by some strict rules in order to validate the 5 wave move. The three basic rules are : Wave 2 never retraces more than 100% of Wave 1. Typically, the retracement is between 50% and 61.8% of wave 1. Wave 4 never retraces more than 100% of wave 3. Typically, declines between 38.2% and 50% of wave 3. Wave 3 always travels beyond the end of wave 1 and it’s never the shortest one; Wave 3 will normally extend 161.8 x wave ❗ as above, A is close to Wave 4 There are also cycles within cycles. Think of it as a broccoli stem, where each flower head is composed up of many tiny smaller flower heads: Elliott Wave theory will require looking for a pattern of five consecutive waves before making a trading decision. Impulsive waves and corrective waves are perfect opposites. The most important thing is to observe the Macro trend before using Elliot Waves in other words, is the price in a bullish cycle or bearish cycle? Here are the basic steps to follow when trading with Elliott Waves: Step 1: Learn the Theory The first step is to familiarize yourself with the Elliott Wave Theory, which is based on the idea that financial markets move in predictable patterns. The theory suggests that market prices move in waves, with each wave representing a specific part of the overall trend. The theory identifies two types of waves: impulsive and corrective. An impulsive wave consists of five smaller waves, which move in the direction of the trend. A corrective wave, on the other hand, consists of three smaller waves, which move against the trend. Understanding the basics of Elliott Wave theory is crucial to trading with Elliott Waves. Step 2: Identify the Trend The next step is to identify the trend in the market you want to trade. This can be done by analyzing the price action on the chart. To identify the trend, look for a series of higher highs and higher lows for an uptrend, or lower lows and lower highs for a downtrend. Step 3: Look for Wave Patterns Once you've identified the trend, you need to look for wave patterns within the trend. An impulsive wave is made up of five smaller waves, and a corrective wave is made up of three smaller waves . These waves can be identified by analyzing the price action on the chart. Step 4: Use Indicators to Confirm the Wave Patterns While identifying wave patterns on the chart is important, it's also a good idea to use indicators to confirm the patterns. Some of my favorites include the Relative Strength Index (RSI) , Moving Averages (MA) and CryptoCheck START v3. Step 5: Enter and Exit Trades Once you've identified the trend and wave patterns, and confirmed them with indicators, you can enter a trade. You can use the wave patterns to identify potential entry and exit points. For example, you may want to enter a long position at the start of an impulsive wave and exit when the corrective wave begins. Step 6: Manage Risk 💭 Finally, it's important to manage risk when trading with Elliott Waves. This can be done by placing stop-loss orders to limit losses if the trade goes against you. It's also a good idea to use proper position sizing to ensure that you're not risking more than you can afford to lose. On the chart I have wave 4-5 hanging in the air atm, let's get to wave 3 first and then we can re-asses where 4-5 may be. Important to note that is is a longer term trading plan. _______________________ 📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
19
ETH Upward Break Update ( 2 Scenarios )This is an update to my last Ethereum Post. I was off a little on exactly when this was going to pop slightly but eventually did have an upward break! Now we are faced with 2 scenarios that could happen. Currently Ethereum is in an Upward Trending Channel on the 4hr chart and has recently tested the bottom of this channel. Scenario 1: Since price has already broken upward testing and failing at that key level I am looking for a strong retest and bounce back on the trend line. This will determine whether it is going to break down or continue up and hopefully have enough power to go straight through this key level if the bulls really step in. Looking back at Ethereum this key level seems to be a huge resistance level... If we can break this I am confident we will go to the Supply level or even the top of this channel! Scenario 2: Since we have already tested and failed this key level, price can go back down into this trend line failing a retest and is a clear bearish sign. Once it does this it is possible for this to break below its support line and break down into the demand zone testing the bottom of this channel once again. I will look for a retest on the support line once it has broken below then enter my trade. As always trade safe and don't risk too much! Wait for confirmation!!!
by USBullsBears
2
Ether Next: Cancun Upgrade, DVT, PBS.▶️EIP-4844 (Cancun Upgrade) ▶️DVT (Distributed Validator Technology) ▶️PBS (block validator, builder separation) ▶️EIP-4844 (Cancun Upgrade) Although Rollup eases Ethernet congestion, the speed and gas of Rollup is now unsatisfactory, as the necessary data still has to be packaged and passed back to Ether L1, and block space on Ether is scarce and expensive. After proto-danksharding is completed, the Ether block storage space will grow from 50-100KB to 1-2MB, reducing Rollup costs by about 20 times. ▶️DVT (Distributed Verifier Technology) DVT is a way to become a verifier based on multi-signature groups. DVT has 3 benefits: 📌 Lower capital costs. Originally you needed to pledge at least 32 ETH to be a verifier on a beacon chain, now you can share the capital cost with your buddies. 📌 Reduced slash. If you go offline due to hardware failure, etc., the verified nodes you form will not be slashed as long as n of your team of m people are still online to verify. 📌 Increase the decentralization of the Ethernet network. ▶️PBS (block verifier, builder separation) As the name implies, the verifier, builder of an ethereum block cannot be the same person, which reduces malicious MEV.
COINBASE:ETHUSD
by MieMie87
Ethereum -> Wait For The BreakHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum just recenly broke above a major previous weekly support/resistance area exactly at the HKEX:1900 level which is now turned strong support. You can also see that weekly market structure and also weekly moving averages are bullish and therefore pointing towards more upside potential, so I am now just waiting for some bullish rejection at the zone before I then do expect a next weekl rally towards the upside. On the daily timeframe however you can see that we have the potential to actually create a regular head a shoulders, generally speaking a bearish pattern, so I am now just waiting for some bullish market structure before I then also do expect a next bullish impulse on the daily timeframe. 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
36
BTC/USDT 3DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) Ethereum is determined to not give up and has found good support at 1,800. Despite this show of force from buyers, ETH still lost 1.8% of its valuation this past week. The current target and key resistance are at 2,000, which is a psychological level where the price was rejected in the past. Therefore, if buyers are successful in pushing this cryptocurrency higher, then they will likely face stiff resistance at that level Looking ahead, Ethereum has managed to maintain its uptrend by making a higher high and a higher low. Market participants should only get concerned if the key support at 1,800 is lost. Unless that happens, ETH has a good chance to test the key resistance at 2,000. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
Ethereum to continue in a rally?Ethereum - Intraday - We look to Buy a break of 1964 (stop at 1914) Our bespoke resistance of 1880 has been clearly broken. Short term momentum is bullish. Short term MACD has turned positive. A break of the recent high at 1963 should result in a further move higher. We look for gains to be extended today. Our profit targets will be 2084 and 2104 Resistance: 1920 / 1940 / 1980 Support: 1880 / 1850 / 1830 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
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) was in the green as prices snapped a three-day losing streak. After a low of 1,805.32 on Tuesday, ETH/USD rose to a peak of 1,919.72 at the start of the day. As a result of this move, Ethereum has reached a five-day high, with the price now hovering around the 1,915 resistance. The last time ETH bulls broke this ceiling was on April 13, and on this occasion, the price soared to an 11-month high above 2,100. For something similar to happen in this round, the RSI would need to clear a barrier at the 53.00 level. At the time of writing, the index is tracking at 51.64. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
6
Current trend changes in ETH and where it is expected to goRational analysis: overall, or bearish, this wave of the big pie is not ready to do, used to observe will be better. Before the big pie does not break through 30700, the real name bearish. From the ETH point of view, last night directly to the 1780 point to step back. This is a strong support band, analogous to BTC's 26500 support band a meaning. Then it was bullish. But now it's pulling up again to around 1900. It's up and down, and the long and short chips are rather chaotic. For the time being, ETH closed below 1920 today and will be bearish tomorrow. Go for an inverted hammer. If it is above and not more than 1950 points, then there is a probability that another wave of explosive short market out. This is quite a big risk these days, you pay attention to the risk of more and less. There are profits in time to stop profit. Do not greedy space. Patience waiting for the main rhythm of the night. The current situation of the retailer is basically, high short without profit, low more also without profit. The high chase after the short either be lost or set. This chip structure and can come out of the convergence pattern to wash chips. This is a deliberate attempt to confuse the technical players. In short, you do not lose this wave, wait for the market to come out, then make a decision will be a winner. Just win two days slow!
COINBASE:ETHUSD
by MieMie87
ETH - Key Levels To Watch 👀What's up traders! In today's market breakdown, we're mapping out our latest levels to watch for on the ETH hourly chart. No need to beat around the bush, let's dive right in... Ticker: ETHUSDT Date: 04/26/23 T imeframe: 1H Key Levels: Supply: 1935-1965 (1st red zone), 1990-2005 (2nd red zone) Demand: 1800-1825 (green zone) Other key levels: 1875-1890 (1st grey zone) Commentary: First Republic drama had cryptocurrency bulls gain back control of the market yesterday. However, Ethereum has come back to retest demand at 1800 today. Ethereum pretty much satisfied the Bearish Scenario 2 from our last analysis on 04/23/23, except it found demand at 1800 rather than ~1770 - a big psychological level. Currently, we are trading just under ~1875-1890 key zone and supply from the earlier this week that is being respected well. Here are a few trades we could target from here: ✅ Bullish Scenario 1: you want to see price pull back into the demand zone ~1800-1825 and buyers to emerge again for an upside move, possibly into ~1935-1965 supply or higher. Be cautious of the key zone around ~1875-1890 in this scenario. This is the safer upside play. ✅ Bullish Scenario 2: you want to see price trade above this ~1875-1890 zone, retest this zone and turn it into demand to catch a break and retest for an upside move, potentially into supply at ~1935-1965. ✅ Bullish Scenario 3: you want to see price rally and break supply at ~1935-1965, pull back into it to turn it into demand and find strength again for a move into next supply at ~1990-2005. ------ 🟥 Bearish Scenario 1: you want to see price approach supply at ~1935-1965, sellers to regain control and possibly catch a break and retest of this supply zone into the key zone ~1875-1890 or demand at ~1800-1825. This will be the safer downside play. 🟥 Bearish Scenario 2: you want to see price reject here at ~1875-1890 for a move into ~1800-1825 demand. 🟥 Bearish Scenario 3: you want to see price break demand at ~1800-1825, retest and turn this zone into supply for a further downside move into ~1770. That's all we got for you in this one. So what do you think? Are you bullish or bearish on ETH? Let us know in the comments below! We'll see you in the next one. -The AlgoBuddy Team
by QuantVue
4
Bitcoin's Declining Correlation with Ether May Affect InvestorsThe correlation between bitcoin and ethereum returns has been declining since mid-March. The decline in this relationship became more pronounced after the Shanghai upgrade of Ether, with a similar trend seen in September 2022 after the network's last Merge update. The weakening of the daily return 40-day correlation could continue for another two weeks, as the initial phase of Ether extraction remains in effect after the upgrade. Analysts David Duong and Brian Cubellis say the relevance of this correlation decline for institutional investors is that it could affect quantitative strategies that rely on one asset to cross-hedge against another (or use ETH as a hedge for less liquid cottage coins). From a fundamental perspective, it supports the diversification argument for holding both BTC and ETH
COINBASE:ETHUSD
by MieMie87