ETHLooks almost done working out sub wave 4 here. I been looking for $1,650-$1,700 TBH but bottom could already be in at the 382% of the 3
Ethshort
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
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
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.
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ETH - BreakoutAbout to break out from the consolidation trend.
Wait for the below confirmation
1. MA Cross
2. Super trend becomes green
Ethereum to face rejection from short-term range highs?ETH has traded within a range from $1800 to $1965 over the past two weeks. Aggressive bears can wait for a rejection from $1965-$1980 region over the next 12 hours before looking to short.
A breakout past $2000 will invalidate the idea.
Entry: $1960
Exit: $1805
Stop-loss: $2010
R:R- 3
ETH: head & shoulder pattern formed on 1 hr TFclear bearish H&S pattern on ETHUSDT pair. In the short term a drop to 1600s area is likely. Wrong above 1931.
ETH ShortA close on htf under the channel looks like a solid short opportunity. Targets included. Most likely reversal point imo would be near the midline of the large downwards channel.
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.
Ethereum as we predicted (pump this week)Potential reversed level as analysis on chart
Stay prepared
Eth shortOn a Rising Wedge, and on a Higher tf decending triangle resistance and watching a liquidity sweep
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.
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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.
Ethereum shortEthereum is testing the strong resistance level and bonsing off the descending trendline. Decline to support level at 1808 is possible.
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.
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.
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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.
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.
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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.
ETH DownOn the monthly chart we are still bearish, on the weekly chart the attempt to extend the growth failed. Daily confirmed thoughts. Good opportunity to reload spot bags at the cheaper prices. BINANCE:ETHUSDT
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
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ethusdteth is lokking bearish on weekly chart its on supply zone and we see a reaction and also on 4h chart become a petteren head and sholder that also bearish if its break its bearish confermation its my tought on ethusdt
