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Ethereum to extend it's loses?Ethereum - 24h expiry - We look to Sell a break of 1783 (stop at 1833) Short term bias has turned negative. Posted a Double Bottom formation. A break of yesterdays low would confirm bearish momentum. Short term momentum is bearish. Short term RSI is moving lower. Our profit targets will be 1663 and 1643 Resistance: 1840 / 1860 / 1880 Support: 1815 / 1785 / 1750 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:ETHUSDShort
by VantageMarkets
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
Looking to Short Crypto, Starting with ETH & BTCTrade Idea Following what bitcoin is doing on HTF, and from the look of it btc is reacting to weekly supply/resistance zone and its ready to drop in few days... its in the phase of distribution and its pretty visible on 1D and 4H chart 1D BTC 4h BTC So now we waiting for price developments further as we reach that 4h supply What I like most about this is that we respected supply and tapped into that HTF FVG as we swept that daily/4h high, which gives us more confluences for this trade idea to work 4H
COINBASE:ETHUSDShort
by Cleerboy
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
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.
KRAKEN:ETHUSD
by MMmie
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
BTC will show an increase by donating 1000 USDTMay 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.
KRAKEN:ETHUSD
by MMmie
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
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.
KRAKEN:ETHUSD
by MMmie