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Merge

📌✅ETH Big deal (POW>>POS)! +( Mine-able Alternative coins🚀 )We are on the verge of a BIG Merge, There are almost 3 days left until this important event for Ethereum! Ethereum is expected to transition to a proof-of-stake (PoS) mechanism and is considered one of the most significant upgrades in the history of the crypto market so far. -The Ethereum Merge could force many crypto miners to give up! DO they abandon their expensive mining rigs amid a race to the bottom for profits. Or it forces them to think of migrating to the current alternatives of proof of work of Ethereum! -If we visit the whattomine , we will see that some coins can be used as an alternative to Ethereum for mining. But we have to accept the fact that alternative coins are no longer as efficient as Ethereum for mining! -Although, considering their mine potential, most of them had a significant growth in the last few weeks And it may continue for some time. But let's consider this point "As GPU miners point their hardware at other chains their difficulty will increase causing lower returns and splitting the reward among more miners". -thus increasing mining difficulty will "swamp" these coins — and substantially reducing profitability and price in the long term! So although "There will always be GPUs mining some GPU optimized chains, but I doubt we will return to the levels of revenue seen in ETH proof-of-work at its peak ever again. >>>But with the research I have done, I think the following coins can be suitable options to replace Ethereum mining, and if some of them have grown a lot recently, we will probably see some of them grow more in the short or medium term! these are Most Profitable Coins to Mine! SO check them out : -Neoxa(NEOX) #1 #2https://www.tradingview.com/chart/ETCUSDT/HAQnQtvz-ETC-USDT-analysis/ #3 #4 #5 #6https://www.tradingview.com/chart/FIROUSDT/fWWrQhX5-FIRO-USDT-analysis/ This article is for informational proposes only . not a financial or legal advice !
Education
by PRO_SMART_Trader
ETH Merge will squeeze price up to unload lockup, Then Down.BINANCE:ETHUSDT My opinions in order of likelihood (See more Detail Opinion written on Callouts in Chart) Option 1 * - Merge will lead to forcing price up -- So that those with locked ETH get their value worth back --- Then it will crash back down through the levels. Option 2 - Fake out here / Turn now and we fall to the bottom Area on the weekly Low over the last couple of years. Option 3 - We Range and Crab for months and months while inflation eats away the relative floor value. vs what would have been nominal.
by meltedlaughter
2
ETH Quietly Breaks above Down Trendline ahead of the MergePrimary Chart: ETH Quietly Breaks above Downward Trendline ahead of the Merge Could ETH be strengthening in the short-term ahead of its long-awaited merge event? After crypto market's devastating bear market this year, including the bankruptcies of some crypto firms, an upgrade to ETH's network is set to occur mid-September 2022. This so-called merge event provides a technical upgrade that enthusiasts claim will make ETH's network more energy efficient and may lay the foundation for reducing the cost of ETH transactions—both of which make it more efficient compared to other networks like BTC. One analyst at Citibank says that the merge may make the network more likely to be adopted by the average person. With the merge date approaching within two weeks, ETH is showing strength, especially when compared to BTC. Consider the following comparison between MATIC, ETH and BTC, posted a couple days ago, where BTC has shown significance weakness relative to both ETH and MATIC. Both ETH and MATIC have held above key Fibonacci support levels whereas BTC has held below the same Fibonacci levels. ETH Breaks above One Key Level, but More Resistance Lies Above Ahead of ETH's merge on September 15, 2022, ETH has quietly broken above a downward trendline. This may have some significance, and supports the idea that the case for the next few weeks is not necessarily as bearish as everyone may expect. Note that this is a short-term view only. The longer-term downtrend and bear market in crypto is very much intact and will take far more than two to three weeks of bullish price action. The Primary Chart above shows the key resistance levels along with the trendline that was recently broken. These levels are labeled on the chart as $1654.31, $1726.04, and $1797.77. Note that $1654.31 as a Fibonacci retracement level also coincides with highs and lows in late August 2022 and early September 2022. This level must be recaptured before any further short-term rally can occur. The next major resistance at $1726.04 is a Fibonacci .50 retracement of the recent decline from the high on August 14. This level aligns with the highs on August 25 as well. The final resistance level is at $1797.77 and is the more important .618 retracement of the recent 2-3 week decline. Supporting the idea that prices may move higher the next couple weeks is the fact that ETH has held support at the .50 retracement of its 3-month summer rally this year. This retracement level equals $1455.78. Supplementary Chart A: ETH's Fibonacci Retracements for the June-August 2022 Rally Comparison to BTC's Recent Price Action BTC has arguably risen above its downward trendline from mid-August 2022 highs. But BTCUSD's breakout looks a lot weaker overall. In general, it is less decisive than ETH's break, probably due to the fact of the upcoming merge for ETH improving its technology. Depending on slight adjustments to BTC's trendline that are within the range of reasonableness, price may still be deemed to be struggling below the trendline or may be barely holding above it. See Supplementary Chart B below. Supplementary Chart B: BTC's Weaker Action at Downward Trendline Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction. BITSTAMP:BTCUSD COINBASE:BTCUSD KRAKEN:BTCUSD BINANCE:BTCUSDT FTX:BITOUSD CME:BTC1! CME:ETH1! BINANCE:ETHUSDT BITSTAMP:ETHUSD COINBASE:ETHUSD
Long
by SquishTrade
4
LDO/USDT (Long) - Bet on a pre-Merge hype and a successful MergeThe long-awaited Merge upgrade is just around the corner, and we believe that traders will try to bid up the price of Ethereum and any of its scaling solutions (Optimism, Polygon, Lido) right into the Merge. The success of the upgrade is not yet priced in as investors might worry that something goes wrong during the upgrade. Hence, we assume that if everything goes smoothly, tokens linked to Ethereum will receive an additional pump . We have done plenty of research on the Merge, and we believe that developers are properly prepared for the Ethereum transition , and I am willing to bet on its success. One possible caveat is the overall economy. Just around the start of the upgrade, on the 13th of September, we will receive the CPI data for August. If the number is higher than expected, it could cut the rally short and send cryptocurrencies plummeting. However, if it comes lower than expected, it might add an additional boost to the rally. Despite these potential headwinds, we still believe that the enthusiasm around the Merge will prevail and send the cryptocurrencies higher. We picked LDO for this bet because of its higher potential returns (that obviously come with higher risk) and its solid technical setup . On the graph, we can see that LDO is forming a head-and-shoulders pattern (H&S) on a daily while the RSI is bottoming, thus pointing to a higher price. One option is to use the neckline (purple line) for the entry. In that case, we would recommend using the entry also as a stop loss . Though it is a safer choice, you might have to reenter the trade several times if you get whipsawed off the trade. The other option is to go long now (as we did) and hope that the H&S completes the pattern. In that case, we would use the red line for the stop loss; that gives you a nice risk/reward ratio of 5.5 if we use the green line as a profit target. However, the profit line certainly doesn't serve as a ceiling, and we expect LDO to go much higher. The sky is the limit if everything goes well with the Merge Happy Trading! Dollero Exchange PS: Our followers might be aware that we have already posted this trade once, but it was unfortunately taken down for breaking the house rules. So, we are just reposting this trade because the setup just got better and we would like to keep the trade on the timeline 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
ETHEREUM - FOLLOW UP OR HUGE BULL TRAP ?We can see very nice move from oversold BTC. But. Seems to be huge short squeeze towards previous support (21 k) and trend line from April. So - we can see some move down and consolidation during which ETH and alts will follow up strongly. OR It's another move to mark tops and range bound for BTC during which (till the end of september or so imo) BTC will be forming bottom around 18.5 k while ETH will head towards range low (with keeping higher low imo) and alts will bleed much more heading towards their new lows. 1730 is crucial for ETH imo. If we can break it up then.. 1830 and even more should be next. But if we reject it here then correction will be continued imo. Last chance for bulls in bear/bull case will be correction towards 1570, keeping it and printing nice ascending triangle as accumulation pattern.
BITFINEX:ETHUSDShort
by mess_on_a_mission
3
C98/USDT 4HOUR ANALYST 🌟⚡⚡⚡ C98 digital currency failed to cross the level of $0.45 with several hits, currently the price is close to its last drawn support at the level of $3.5. If the price stabilizes above the level of $0.45 (Areas Pivots) and above the yellow line of the EMA 200, it has the ability to realize the targets of $0.48, $0.51 and $0.54. Otherwise, with the loss of the last support drawn in green, the price will see lower levels, if needed, a new update will be available to you. Arztoday Team 🚀
by arztoday
ETHEREUM - IS THE MERGE A HUGE BULLTRAP?So far ETH outperforms BTC due to sheduled merge around 12-15 september. But is this price action really that bullish? We already had some nice more than 100% move from the lows. ETH dominance is in critical point right now. It's hard to believe we will break to the upside this multi year trend in one move. Of course BTC can start breaking to the upside and overperform ETH but imo big move to the downside is actually more possible. And in that case alts would bleed much, much more than BTC.
CRYPTOCAP:ETH.DShort
by mess_on_a_mission
AT CryptoScan - ETHUSD Daily analysis for better understandingIn a previous AT CryptoScan post, Bitcoin was detailed on how it was actually bearish in nature. Since then, BTC has moved decisively downwards, and should continue to do so. This analysis is on Ethereum, using a simple(r) series of indicators that include MACD, HULL Moving Average, and TD Sequential, together with support and resistance ranges, on the ETHUSD daily chart. The daily chart is marked from 2022 YTD. The TD Sequential ranges are marked with a red box for the TD Buy Setup, and green box for the TD Sell Setup. Rules of the TD indicators can be found in Thomas Demark's masterpiece books, and a review version by Jason Perl. At the end of 2021, ETH levelled off with a double top about 4900, and as 2022 started, ETH broke down below the HULL Moving average (89,5) . Then we observe the formation of the first TD Sequential (Buy Setup) in mid January. This was the start of the downtrend. The downtrend was challenged by two subsequent TD Sequential Sell Setup (end Jan-early Feb and mid-March), but the TD Sequential was still indicating the primary trend is a downtrend. This was further confirmed HULL MA failure in early April, which subsequently saw the next TD Sequential Buy Setup of a larger range in early May. This was not the main TD Seq Setup in force. Then this was super-ceded by a yet larger range TD Sequential Buy Setup. Thus mid June TD Seq Setup was the main downtrend indicator in force. The ceiling of the range formed a TDST (resistance/support) line that the opposing TD Seq Sell Setup needed to exceed. Although the subsequent months saw ETHUSD rally from a low of 884 to 2029, there was never a completed TD Seq Sell Setup formed, even though prices broke above the TDST for a number of days. This was a clear bear rally. And with the breakdown of the TDST just days ago, it was very clear that the bears are back to claim territory and supremacy. The MACD all this time was indicative of the price movement and give insights into what just might happen, in alignmentt with the TD Sequential. For example, the MACD Signal line crossed under the zero line in late November 2021, indicating bearish tones. the MACD crossed under the MACD Signal line just after the failure of the HULL MA in early April; but the MACD histograms were earlier indicating that this already imminent. in July, the MACD was showing a rally in force as price broke out of a consolidation range ( dark box ) in August, the MACD was losing steam and crossed down the MACD Signal line just after breaking back down the TDST. The small white arrow is where I called and cleared the crypto portfolio (this is a personal choice), only to have cryptocurrencies tank just hours later. So, in essence, it appears that ETHUSD (and presumably the other majors like BTC & friends) are turning south for a period. Downside targets are 1300 and 1000 respectively. Expecting a higher low in this process, then only can a robust TD Seq Sell Setup be formed that breaks and stays above the TDST (1834). In the longer run, especially from November onwards, I see ETHUSD bouncing back stronger than ever... perhaps mid September during the "Merge", and perhaps some volatility till November for clearance. I hope you enjoyed this analysis narrative! Stay well and safe!
BINANCE:ETHUSD
by Auguraltrader
Possible Dropping Dominance BTC.DThis fractal on the monthly BTC.D chart has the potential to play out--especially if we close the weekly candle below 39.95%. If the merge ends up being successful and bringing more money back into the altcoin eco-system--mixed with some positive macroeconomic news--there is a big chance for altcoins to have relative gains against Bitcoin. Dominance targets include 33.7% and 27 %. No guarantee this plays out, but I find it useful to have plans either way. What do you think? Not Financial Advice
CRYPTOCAP:BTC.D
by z_hq
2
ETH The Ethereum Merge | What Could Possibly Go Wrong?Grayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum: The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable. Token and stablecoin holders might panic and start liquidating their holdings. MakerDAO (MKR) said that the Ethereum Merge could lead to perpetual contract backwardation and negative funding. Backwardation and negative funding refer to a market situation where futures prices are lower than the expected spot prices. The launch could trigger selling pressure across chains existing on proof-of-work. Ethereum network’s security and performance could be negatively impacted by the upcoming upgrade. If you haven`t sold ETH Ethereum here: Then in my opinion the price target for it is $1160. Looking forward to read your opinion about it.
Short
by TopgOptions
2
ETH bottom set in?Hello all, Just speculation for fun from a fellow beginner and ETH holder. We seem to be forming a pattern similar to 2018s Cycle bottom. 2018s cycle went down 94% from ATH to bottom. This cycle we've gone down around 70% from ATH. if cycles were to somewhat repeat we could be in for another 60% to 80% correction at the current price in the worst case scenario OR a 180% increase throughout late January / Early February of 2023 which would mean ETH at around 4k with room for growth if macro economics don't deteriorate too much. What do you think?
BINANCE:ETHUSDLong
by CondeTrading