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Successfully upgraded to bring more value-added appearances, up Following 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.
KRAKEN:ETHUSD
by MMmie
Will Ethereum find sellers at market?Ethereum - 24h expiry - We look to Sell at 1876 (stop at 1926) Previous resistance located at 1880. Previous support at 1870 now becomes resistance. Short term bias has turned negative. Preferred trade is to sell into rallies. We look for a temporary move higher. Our profit targets will be 1756 and 1736 Resistance: 1830 / 1850 / 1880 Support: 1820 / 1805 / 1785 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 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
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
Current trend changes in ETH and where it is expected to goRational analysis: Generally speaking, it is still bearish. This wave of Bitcoin is not going to be done, and it is better to observe it. Before Bitcoin breaks through 30700, the real-name system is bearish. From the perspective of ETH, last night, it directly stepped back on 1780 points. This is a strong support band, similar to BTC's 26500 support band. Then it is bullish. But now it has risen to around 1900. Jumping up and down, long and short chips are chaotic. For the time being, ETH closed below 1920 today, and it will be bearish tomorrow. Take an inverted hammer. If it is above and does not exceed 1950 points, then there is a probability that there will be another wave of short-selling market. These days the risk is quite high, everyone pay attention to long and short risks. If there is profit, stop profit in time. Don't be greedy for space. Wait patiently for the main rhythm of the night. The current situation of retail investors is basically that there is no stop profit at high altitudes, and there is no stop profit at low long positions. Those who chase high and short will either be lost or quilt. This kind of chip structure can get out of the convergent state to wash the chips. The main force deliberately messed up the board to confuse technical players. In short, you are not losing money in this wave. After the market comes out, you will be the winner if you make a decision. It's just two days slower to win!
KRAKEN:ETHUSD
by MMmie
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
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
Dallas Fed manufacturing survey shows slowing US economic growthThe Dallas Fed's April manufacturing outlook survey indicated that the first quarter performance was in line with expectations, with all markets weakening except for the auto market. There are signs that inventories in the auto industry are rapidly increasing, so growth in the auto market is expected to weaken soon. There are no concerns about long-term demand, other than a significant macroeconomic slowdown. Excess inventories are expected and usually take three to six quarters to be depleted to meet end demand. Economic growth has slowed significantly and new orders have almost stopped.
KRAKEN:ETHUSD
by MMmie
ETH/USDT currently looking weak Hey traders 👋 Let's start this day with ETH analysis here on daily chart. We witnessed a nice rejections which we have been talking about for some time now. Price broke our "supertrend" here and RSI had a nice turnover but we see a last push to happen here after what we might see a nice drop to lower trend line (Greenish zone). What we will do here is to wait for that Yellow zone to be broken and secured from where we will be more certain that price will go for those EMAs! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowPremium
4
Do Engulfing Candles Work? 🤨Yes Engulfing Candles work but it depnds on the context. If are at either a Weekly, Daily or 4Hr level then I will have more confidence in my entry. If not then we may just be selling into momentum and getted rekt while price goes the other way and we weep as our ego suffers. We have a minor zone at 1880 but nothing more than that, at least considering what is relevant personally. However, we have had sustained bearish pressure on the higher TF's such as the Daily/Weekly and appear to be printing solid engulfing candles on those timeframes. 1 More day for the weekly candle to close. I can observe price potentially returning to the lows for more liquidity around 1840 and going into a range. If not then candlestick patterns dnt wrk and that's why we always stick to combining confluences, and considering context before entering after a candlestick pattern. Thinking more range before we see 1942 again.
COINBASE:ETHUSDShort
by ShrewdCatfx
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) also started the week in the red, with prices hovering close to a key point of support. Following a high of 1,888.19 on Sunday, ETH/USD slipped to an intraday low of 1,831.16 earlier in today’s session. As a result of this move, ethereum fell close to its long-term price floor at 1,830, however, bulls have so far rejected a breakout. One of the reasons that a break has yet to occur seems to be due to the RSI, which continues to trend above support at 44.00 Price strength is now tracking at 45.58, with a ceiling at 52.00 a potential target for bulls hopeful of recapturing the 1,900 mark. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
3
Gemini to open derivatives platform Gemini Foundation in the USCryptocurrency exchange Gemini will open its derivatives platform Gemini Foundation outside of the United States, and its first product will be a BTC perpetual contract denominated in Gemini dollars (GUSD), followed by a GUSD-linked ETH perpetual contract. Unlike traditional derivatives, perpetual contracts have no expiration date. Gemini Foundation will allow eligible clients to leverage their crypto assets for long or short crypto exposures to manage risk, generate returns and gain targeted exposure.
KRAKEN:ETHUSD
by sooyeon520
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) continued to trend lower on Saturday, as the world’s second-largest cryptocurrency dropped below 1,900. Following a high of 1,926.30 on Friday, ETH/USD fell to an intraday low at 1,827.79 earlier in the day. As a result of this move, ethereum started the weekend by declining to its weakest level since April 9. Today’s price slippage also resulted in ETH briefly breaking out of an interim support point at 1,830. Bulls swiftly reentered the market seemingly buying the dip, and this has resulted in ethereum now trading at 1,848.66. Although there is likely to be further declines in the coming days, once this current red wave passes, there may be a significant reversal. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
3