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Ethsignals

ETH/BTC Ratio Slumps 30% as Bitcoin Flexes Market MuscleThe Ethereum (ETH) to Bitcoin (BTC) ratio has been on a downward spiral, recently dipping to 0.046 – a level last witnessed in April 2021 and briefly revisited in April 2024. This significant decline underscores Ethereum's current challenges in maintaining its position against Bitcoin's ever-growing dominance within the cryptocurrency market. Over the past year, the ETHBTC pair has shed an unsettling 30% of its value. Year-to-date losses are also concerning, exceeding 11%. These figures paint a worrying picture for Ethereum, raising questions about its future trajectory and potential to dethrone Bitcoin as the leading cryptocurrency. Several factors are likely contributing to this trend: • Bitcoin's Narrative Strength: Bitcoin continues to hold a strong narrative as "digital gold," a scarce, hedge-like asset favored by institutional investors seeking a store of value. This perception fuels its price stability and market dominance, particularly during periods of economic uncertainty. • Ethereum's Inflationary Concerns: Unlike Bitcoin's capped supply, Ethereum's issuance is not limited. This "inflationary" model has caused anxieties among some investors, who worry about potential price dilution in the long run. • The Ethereum Merge Looms: The highly anticipated Ethereum merge, transitioning from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism, is still under development. Delays and uncertainties surrounding the merge's impact on Ethereum's scalability and efficiency might be keeping some investors on the sidelines. • Regulatory Landscape: Regulatory scrutiny surrounding the cryptocurrency market remains a concern. While clarity on regulations could benefit the entire industry in the long run, the current uncertainty might be discouraging some investors from entering the Ethereum market. • Alternative Layer 1 Blockchains: The emergence of alternative Layer 1 blockchains like Solana and Cardano offering faster transaction speeds and lower fees could be siphoning off some investor interest away from Ethereum. Is This the End for Ethereum? The current situation doesn't necessarily signal the end of Ethereum. It's crucial to remember that the cryptocurrency market is still young and highly volatile. Here are some reasons for optimism regarding Ethereum's future: • The Potential of DeFi: Ethereum remains the dominant platform for Decentralized Finance (DeFi) applications, a rapidly growing sector with immense potential to disrupt traditional financial services. Continued DeFi adoption could significantly boost Ethereum's utility and value. • The Merge's Promise: A successful merge to PoS could address scalability concerns and enhance Ethereum's environmental sustainability, potentially attracting more environmentally conscious investors. • Developer Ecosystem Strength: Ethereum boasts a robust and active developer ecosystem constantly innovating and building dApps (decentralized applications) on the platform. This strong developer base is a crucial asset for Ethereum's long-term growth. Looking Ahead: A Shifting Landscape The cryptocurrency market is constantly evolving, and the relationship between Bitcoin and Ethereum is likely to remain dynamic. While Bitcoin may retain its "digital gold" status for the foreseeable future, Ethereum's success will hinge on its ability to address scalability issues, deliver on the promises of the merge, and maintain its dominance in the DeFi space. Investors should carefully consider their risk tolerance and investment goals before making any decisions. Both Bitcoin and Ethereum represent high-risk, high-reward investment opportunities. A diversified portfolio across established and emerging cryptocurrencies might be a prudent approach for navigating the ever-changing digital asset landscape.
Short
by bryandowningqln
ETH GONG TO 2289$I can't speak with certainty, but considering the model and approach of Ichimoku and GAP,given the decline of Bitcoin as a recognized indicator in crypto, it can be inferred that the decline of Ethereum is not far-fetched. Bitcoin is projected to decline up to 3900 on a daily basis, with that being the target. Therefore, the decline of Ethereum, based on the nearest and only established GAP in this interval, is projected to be up to 2289 $ on a daily basis according to deterministic analysis.
by khosrooparviz
Ethereum's $3,000 Dilemma: Bullish Rejection, Bearish Break-Out?Indecisiveness persists in the intraday chart as Ethereum hovers around $2,992, an intraday support zone. 1. A bullish rejection of $2,992 with momentum could offer a scalping opportunity, targeting $3,166, $3,370, and possibly extending to $3,551. 2. Closing H4 candles below $2,992 raises the likelihood of a downside move towards $2,898 and $2,787. 3. Alternatively, a lack of momentum may result in sluggish, sideways price action between $2,992 and $3,166. More details in signature!
by Trade-Lean
2
ETH to Drop Further 📉; Clouds ☁️ & Rain On the Horizon 🌧️SEC postpones yet another decision on a spot Ether ETF application 🙄 The Securities and Exchange Commission (SEC) has postponed its decision regarding the application of Invesco Galaxy’s spot ETH ETF to July 5. The US regulator had already delayed its decision regarding Van Eck’s similar application to May 23 and that of Franklin Templeton’s to June 11. Few analysts expect an approval on these three dates. The price of Ether dropped 3.37 percent to $2,947 over the past 24 hours. ATTMO forecasts clouds and rain for the next 24 hours and 7 days, signaling a likely downside for Ethereum. Follow us for more crypto news and weather reports!
COINBASE:ETHUSDShort
by ATTMO
1
Ethereum- Buy on confirmationAfter reaching its peak at 4000 on March 11th, COINBASE:ETHUSD began to correct lower towards the 3000 zone, which is the next important level. Despite bearish attempts to push the price below this level over the past trading month, they have failed each time. The decline from the recent peak at 4000 is also confined within a falling wedge pattern, which typically indicates a reversal to the upside. This scenario becomes more plausible with a break above the confluence resistance ranging from 3200 to 3250. In such an instance, we could anticipate the upward momentum to persist, potentially leading the price to retest the 4000 zone once again.
COINBASE:ETHUSDLong
by Mihai_Iacob
1
#ETH/USDT Bullish above this MA...#ETHUSDT appears to be forming a bull flag pattern. A bullish signal will confirm if we see a close above the blue 75 EMA and a breakout from the flag. Until then, consider this a retest of the dotted trendline. Let's wait for the weekly candle to close for more clarity, as the 75 EMA has proven quite reliable on the daily chart! NFA, DYOR! Please hit the like button as it helps me and my team to stay motivated and keep posting such important updates for free. Thank you PEACE
by Cryptorphic
ETHUSD at a Crossroads: Long or Hold on Ethereum?`The Ethereum (ETH) price action against the US Dollar (USD) presents an interesting conundrum for traders. Recent price movements suggest a potential turning point, and the decision of whether to long (buy) or hold ETHUSD hinges on several key factors. Prior High as Support: A Bullish Signal? The current price of ETHUSD sits above a crucial support level – the prior high of around $2,915. This level acted as a resistance barrier in the past, but if breached and held as support, it can indicate a bullish reversal. In technical analysis, support levels are areas where buyers are likely to step in and prevent further price declines. A successful retest of this level strengthens the support and can signal a potential price upswing. The 200-Day SMA: A Long-Term Trend Indicator Another significant factor to consider is the 200-day Simple Moving Average (SMA). The 200-day SMA acts as a line of demarcation between a long-term uptrend and a downtrend. Currently, the 200-day SMA for ETHUSD sits around $3,100. If the price can break above this level and sustain it, it can be interpreted as a bullish sign, indicating a potential shift in the long-term trend. Deciding to Long or Hold: Weighing the Evidence While the prior high and the 200-day SMA suggest potential bullishness, there are reasons to be cautious before going long on ETHUSD. Here's a breakdown of the factors to consider: • Market Volatility: The cryptocurrency market is notoriously volatile. Recent price swings highlight this, making it challenging to predict future movements with certainty. • Macroeconomic Factors: Broader economic factors, such as interest rate hikes and inflation, can significantly impact the cryptocurrency market. Keeping an eye on these developments is crucial before making any trading decisions. • Technical Analysis: While the prior high and 200-day SMA offer insights, they shouldn't be the sole indicators. Utilize other technical indicators like Relative Strength Index (RSI) and Stochastic Oscillator to gauge price momentum and potential overbought or oversold conditions. Holding vs. Longing: A Strategic Approach Given the current market uncertainty, holding ETHUSD might be a more conservative approach. This allows you to observe how the price reacts around the support level and the 200-day SMA. Here are some additional considerations: • Dollar-Cost Averaging (DCA): DCA involves buying ETHUSD at regular intervals, regardless of the price. This strategy can help average out the cost per unit over time and potentially mitigate the risk associated with buying at a peak. • Stop-Loss Orders: Implementing stop-loss orders can help manage risk. A stop-loss order automatically sells your ETHUSD holdings if the price falls below a predefined level, limiting potential losses. Conclusion: Stay Informed and Adapt The decision to long or hold ETHUSD depends on your individual risk tolerance and trading strategy. By closely monitoring the price action around the prior high and the 200-day SMA, alongside broader market factors and technical indicators, you can make an informed decision. Remember, the cryptocurrency market is dynamic, so staying updated on news and adapting your strategy accordingly is crucial for success.
COINBASE:ETHUSDLong
by bryandowningqln
ETH Slightly Bullish 24-Hours ☀, Bearish ☁️ & Downside Next WeekIn the US, there were outflows from the spot Bitcoin exchange traded funds (ETFs) for the sixth consecutive day. “We have seen six consecutive days of outflows, and as the average entry price ($57,300) approaches the current spot price ($59,800), we will likely see more ETF unwinding. Since March 18, the ETFs have seen outflows on 58% of all trading days,” 10x Research said in its daily note. “This will likely lower prices to our target levels and cause a -25% to -29% correction from the $73,000 top - hence our price target of $52,000/$55,000 during the last three weeks,” the crypto research company forecasts. In Hong Kong, the first trading day of the spot Bitcoin and ETH ETFs approved proved to be a cold shower with only $12 million flowing into these new ETFs. Analysts had expected up to $300 million. The price of Ether fell 2.5 percent to $2,918 over the past 24 hours. A slightly bullish sun shines over Ethereum and ATTMO signals a potential upside over the next 24 hours. Over a one-week horizon, bearish clouds are likely to sweep over most of the cryptoverse putting pressure on Ethereum, indicating a potential price drop. Follow us for more crypto news and weather reports!
by ATTMO
ETH target 4700 (perp)4h time frame - TP: $4616~$4890 SL: $2575 - ETH is creating a potential wedge structure, that hasn't been confirmed yet. A standard structure is made of 6 six touching points at least, it's not completed due to lack of one more point on the wedge top. Also, there are two paths if we consider it as a continuation patter, first is the green one, that leave $2817 as the last low and keep going up, second is the red path, which make another low to build a robust bottom before pumping. No matter what scenarios, they can reclaim $4800 in future if sustain continuation of the bull trend since $2171.
Long
by EthanTW
ETH to 2,800 in the next 3 days ☁️, then rebound?May approvals of spot ETH ETFs in the US seem out of question. The meetings held between the asset managers that have filed spot Ether ETF applications and the Securities and Exchange Commission (SEC) have been one-sided and discouraging, CryptoSlate reports. This is in stark opposition to the meetings held ahead of the SEC’s approval of spot Bitcoin ETFs in January, when the regulator had provided significant feedback on the applications. The price of Ether dropped 3.4 percent to $3,208 over the past 24 hours. ☁️  Bearish clouds linger over the global crypto market, including Bitcoin and Ether, in the next 24 hours, indicating downward pressure. Over a one-week horizon, this low pressure will remain over Ripple’s XRP, Litecoin, Cardano, Binance Coin and Uniswap. 🌤️ Bullish trading conditions will, however, prevail over Bitcoin and Ether in the coming week, as the sun manages to break through the bearish clouds, ATTMO shows. Follow us for more crypto news and weather reports!
BITSTAMP:ETHUSDShort
by ATTMO
1
Ethereum's Uphill Battle: Can Bulls Reclaim Lost Ground? Ethereum (ETH), the world's second-largest cryptocurrency by market capitalization, recently experienced a rollercoaster ride, briefly surging above $3,300 before encountering a sharp decline. This price action has left many investors wondering: can the bulls regain control and propel ETH back towards its previous highs? A Short-Lived Rally Followed by a Relentless Downturn The initial rally saw ETH break past the $3,300 barrier, a level that had previously acted as resistance. This positive momentum fueled optimism amongst bulls, who anticipated a potential continuation of the uptrend. However, their hopes were dashed as the bears re-emerged, triggering a swift reversal. The price plunged below not only the $3,300 mark but also the 100-hourly Simple Moving Average (SMA), a technical indicator often used to gauge momentum. This breach suggests a potential shift in market sentiment, with sellers regaining dominance. Technical Indicators Paint a Bleak Picture Adding to the bearish concerns is the break below a crucial bullish trend line on the hourly chart. This trend line had previously provided support for ETH's price, and its violation indicates a potential weakening in the uptrend. Furthermore, if ETH fails to hold the current support level around $3,165, the decline could continue downwards. This additional technical hurdle creates a significant obstacle for the bulls as they attempt to reverse the recent downtrend. Where Do We Go From Here? The near-term future of Ethereum remains shrouded in uncertainty. Several factors will influence its price trajectory in the coming days and weeks. 1. Market Sentiment: The overall sentiment in the cryptocurrency market plays a significant role in determining individual coin prices. If broader market sentiment remains bearish, it will likely put further downward pressure on ETH. Conversely, a shift towards optimism could trigger a renewed buying spree, propelling ETH upwards. 2. Bitcoin's Influence: As the leading cryptocurrency, Bitcoin (BTC) often exerts a strong influence on the price movements of other digital assets, including ETH. If BTC experiences a significant price swing, it can have a ripple effect on ETH, potentially amplifying its own price movements. 3. News and Events: Upcoming events or major news announcements related to the Ethereum ecosystem can also impact its price. For instance, successful protocol upgrades or positive developments within the decentralized finance (DeFi) space built on Ethereum could boost investor confidence and drive prices higher. Can the Bulls Stage a Comeback? While the current technical indicators suggest a bearish outlook, it's too early to write off the Ethereum bulls entirely. Here are some reasons why they might still mount a successful comeback: 1. Strong Underlying Fundamentals: The Ethereum network continues to see steady growth in terms of user activity, transaction volume, and the number of decentralized applications (dApps) being built on its platform. These strong fundamentals could provide long-term support for ETH's price, even amidst short-term volatility. 2. Potential for Renewed Investor Interest: Despite the recent pullback, Ethereum remains a highly attractive asset for many investors due to its established position within the blockchain industry and its potential for future growth. Renewed buying pressure from institutional investors or retail traders could spark a price reversal. 3. The Merge: The highly anticipated Ethereum Merge, which will transition the network from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism, could be a significant catalyst for price growth. The increased efficiency and scalability promised by the Merge could attract more users and developers to the Ethereum ecosystem, boosting its overall value proposition. Conclusion: A Careful Balancing Act The battle for Ethereum's price is far from over. While the bulls face an uphill battle in the short term, the long-term outlook for ETH remains promising. Investors should closely monitor technical indicators, market sentiment, and upcoming events within the Ethereum ecosystem to make informed decisions. As with any investment in the volatile cryptocurrency market, a cautious and well-researched approach is crucial.
BITSTAMP:ETHUSDLong
by bryandowningqln
2
ETH. Levels for intraday trading for the weekend 27-28.04.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) --------------------------------------- Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1. Don’t forget to like Rocket and Subscribe!!!
BINANCE:ETHUSD
by Forex_Hoby
1