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Merge

How Will 'The Merge' Impact Ethereum?As predicted yesterday, Ethereum saw great support at $1547, confirmed by multiple green triangles on the KRI. We are currently ranging, bouncing back and forth between this level and $1653. Recall that $1653 is the first of a series of resistance levels which extend through the $1700's. These are sure to provide resistance unless serious momentum comes through. We are seeing the anticipated lack of enthusiasm over 'the merge' which happened about 4 hours ago at the time of this writing.
BITSTAMP:ETHUSDShort
by quantguy
ETH SpeculationCensorship risk Just three weeks before the expected date of the Merge, financial regulators at the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) dropped a bomb on the crypto world with the sanctioning of the Ethereum-based Tornado Cash mixer. There remain a lot of unknown implications, but many developers and node operators decided they needed to protect themselves by unilaterally censoring transactions associated with Tornado Cash. The Merge makes moments like this far more worrisome, for a variety of complex reasons. Proof-of-stake-based settlement is widely expected to concentrate more power in the hands of the biggest Ethereum stakers, including very public entities like Jump Trading. These entities may, in turn, be more susceptible to pressure from entities like OFAC, which could lead to “base layer censorship,” or systemwide refusal to process transactions associated with entities sanctioned by governments. This is a worst-case scenario and, hopefully, it won’t happen. But the fact that it’s possible, and would undermine the system neutrality that should be part of any blockchain’s core value proposition, is a real cause for long-term concern and vigilance.
by cryptobetgang
Merge TimeETH 2.0 is here! Today, at around 3AM EST, Ethereum’s long-awaited transition from Proof-of-Work to Proof-of-Stake took place. Prior to the event, many were left wondering what the impact of this important occurrence would be on the market. Would a successful merge lead the way to a more bullish market outlook? Or would a failed merge lead to further capitulation and turmoil? At first glance, it appears the merge has been successful. This event will shift the Ethereum blockchain over to new Proof-of-Stake validator nodes which will require staking 32 ETH in order to become a validator on the network. For an investor, holding ETH is now more attractive due to the fact that it is now deflationary. This means that Ethereum is now the highest market capitalisation deflationary asset on the planet. The transfer off the legacy Proof-of-Work system is proposed to lead to around a 99% reduction in the energy consumption of the network. In short, this will make Ethereum much more efficient and allow for significant strides to be made towards crypto’s environmentally sustainable future. Additionally, with the current ESG narrative in investing, this improved efficiency could attract new institutional investors to the world of crypto who may previously have avoided the sector in order to maintain a green image. Another important implication of the merge is that the number of ETH tokens issued as block rewards will significantly reduce. Prior to the merge, around 13,000 Ether were mined each and every day. Now, this number will reduce to approximately 1,600 Ether per day. This is another bullish implication of the merge as there will be significantly less selling pressure on Ethereum from miners selling their rewards. From a technical perspective, it appears the market already had this event priced in as in the last few hours we have not experienced any significant volatility that many were expecting. On the daily timeframe, there is a clear example of a symmetrical triangle pattern. Traders will be watching this chart closely as a breakout above this triangle could light the way to new range highs. Conversely, a break below this triangle could result in more pain and a return back towards the $1,400 - $1,450 support range. Another important thing to note is the convergence of MA9 and MA50 with a crossing potentially imminent. MA9 crossing above MA50 would be a bullish signal and provide support to the idea that a breakout above the triangle would be the more likely scenario. 
by Coinrule
XRP/USDT Analyst DAILY 🤗Hello Friends 😚 As you can see in the chart, again this cryptocurrency has formed a triangle pattern. In the past, the break of the triangle pattern in the range of $0.7 caused a sharp drop in this currency, which, given its poor performance, if the price breaks the current triangle downwards and stabilizes below the support range of $0.30. The price is expected to touch the level of $0.28 and the daily support area of $0.26. Otherwise, by breaking the upward triangle and stabilizing above $0.39, it has the ability to realize the targets of $0.43, $0.46 and $0.53 (mid-term). Important: To confirm and confirm the failure of the pattern, use the Volume indicator. Arztoday 🌈
by arztoday
Ethereum Merge time!Hello Traders LETS fly! Ethereum is probably going up on the release. Everyone talking about a sell the news event, but the sell off happened before the news was release. So its probably fly time. The 4 Hour candle that have just closed signals that the bulls are in control, and we will probably go up from here We hit the trend line for a second bounce, and everything looks good from here! Fingers crossed Enjoy the Merge which happens in less than 10 hours! Lets do this :)
ELong
by kheu
ETH/USDT Analysis Before Merge Event🌟Hello 🌞 Currently, the price has reacted by hitting the dynamic support line and it is expected to advance to the level of $1,655 to $1,690 and the price will again hit the dynamic support line. If the dynamic support trend line is broken and the price stabilizes below the green area of $1,500; We expect it to touch the levels of $1,425, $1,360 and the Volume Supply support area. Otherwise, by stabilizing above $1,760, the price of this cryptocurrency has the ability to reach $1,845 to $1,880. Arztoday Team 🌹🌈
by arztoday
$NVDA: Short it, the death of GPU mining is a nice catalystThe chart here looks perfect for a short in $NVDA, and as a bonus we have #Ethereum transitioning to Proof of Stake for transaction validation, which together with high electricity prices will make GPU mining go extinct overall. I'm short, as part of my long/short stocks portfolio. The other shorts are crypto currently, which are likely the riskiest of all risk on assets, and might act as a nice hedge for other stock longs. The trend is clear from a technical stand point, and we have many macro headwinds, so I can see the stock plummeting even if index charts stay sideways or not go down as much. Cheers, Ivan Labrie.
NASDAQ:NVDAShort
by IvanLabrie
5
ETH/USDT (Long) - successful Merge not yet priced in; short-termFundamentals: Many people assume the Merge will be a buy-the-rumour-sell-the-news event. I was also of that opinion, but it is no longer my base case I believe people still see a lot of risks arising from the upgrade, hence its success is not yet reflected in the price of ETH This trade is a bet on a (short-term) wave of optimism which will set in once developers announce the success of the upgrade. This analysis is only for short-term (1-2 weeks), not for a long-horizon investment allocation (even though that wouldn't be a bad idea either) Beware of the inflation number coming out today at 8:30 ET . The number must be below expectations to give us the green light with this trade. Otherwise, the expectations of further rate hikes will knock the price back down Technicals: I have been closely watching how the ETH evolves solely based on price action , without the use of any indicators The important part was to break above the $1700 level (black line) and hold it. Ethereum has done this part perfectly, setting up a solid base just above that level, as you can see on the 4-hour chart, giving us also a terrific risk/reward ratio Trade: There are two ways to enter the trade (i) either go long right now or (ii) after the release of the CPI report; depending on your risk preference I would use the red line as a stop loss, Ethereum has been forming that level for the past three days, so it should be fairly strong If you use the green line for profit-taking, that gives you a lovely risk/reward ratio of around 6:1 . However, you are more than welcome to set up your own risk management framework Happy Trading! Dollero Exchange Follow us for more analysis & Feel free to ask any questions you have, we are here to help If you like our content, Please leave a like and a comment, it keeps us going
Long
by DolleroTechnology
BTC Can move like this chartAss you can see this week is so important for all Crypto users .So BTC needs to hold 22000$ level. But we have A FVG in 20500$-21500$. I think BTC have to pullback to this zone and clear all buy limit orders and there is a important point about bitcoin is the 99 moving average is a strong level to hold the price ever time the btc wants to break this MA more buyers open more long position. So pay attention more for break down of it This analysis will be updated. 9.13.2022
Long
by Trader_Needs
1
🔥BTC BULLS ARE HERE: a lot of confirmations✅Hi friends! The massive Bitcoin pullback happend which confirm the BUYERS power. Let`s compare two simmilar and famous patterns that shared in the TW for the last weeks. 📊 Most traders and authors on Tradingview expected a repeat of the bearish flag (channel) break down as shown in example #1. As we can see, the price consolidated in the descending channel for a long time, after which the price broke its lower boundary. When Bitcoin fell to the key level of $34,500, the price and the bulls did not react to it in any way. The price fell by -46%. This is what shows the weakness of Bitcoin, and usually the whole market. 📊 Now we see a different picture in example #2. The price was also in a channel and formed a huge bearish flag. After breaking the lower boundary of the channel and falling to the key $19,000 level, the price rebounded strongly. The rise so far is 20%. This is the strong technical confirmation of the BUYERS! If you are trading a false breakout or using the DOM and Footprint scalping toolsto trade , there was a huge chance of making a great profit on this trade. False breakout of a key level is a strong pattern in itself, but the fact that there were a huge number of 500+ Bitcoins Whales orders on DOM was an additional confirmation to BUY. 🚩 At the moment, the main event of 2022 is the Ethereum merge and the further fate of the crypto market depends on how well it will go. 🔥The strongest factor which could also affect the price of cryptocurrencies is the FED's interest rate and inflation . By the way, the August inflation report is out today, so be very careful, especially in intraday trading. I use the DOM is scalping, so i will try to identify the whales posiyion and open the trade with them. ✅ Another confirmation is the WhaleMaps on-chain analysis and Footprint exchanges data which confirms the pressence of buyer. More than 50-60k BTC were bought by the whales (wallets with >10,000 BTC balance) in last two weeks. The main accumulation area is close to 20k. Was this article useful for you? What would you add or remove in this analysis? Write in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
8
BTC/USDT NEW UPDATE 🚀Hello, I'm back 🌝🖐 By hitting the $21,700 resistance zone, Bit lost its upward momentum. I was waiting for a negative reaction from him yesterday. But I did not find an attractive reaction that would make me want to think about selling. In fact, according to the current trend, if Bitcoin manages to stabilize above 22,400. It is expected to advance to the range of $23,100 to $23,630. Otherwise, if it fails to stabilize, I will look for attractive negative signs. Goodluck🌟
by AmirrezaRashidi
ETHEREUM 's Merge Effect on the Market ($ETH)By analysing the ethereum chart in the 12h TF , we see that the price has faced a bearish reaction (temporarily) after collecting liquidity above the range we specified, considering the market situation and the upcoming Merge in 2 days and 19 hours. The trend may change in the future, so it is suggested that if you have an active SELL position, make it RISK FREE , or if you don't have an open trade, just watch the market until the Merge process is completed! Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 09.12.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
by ArmanShabanTrading
13