Merge
ETHEREUM - MERGE CHANNEL IF FOMO KICKS INMarket became quite bearish but imo after this deep correction we have potential to grow really big and fast if that lower band o the channel will hold.
If that will happen that will be quite choppy and take time to break previous highs at 1200 usd what should bring us to around 2600-2800 usd from where the nxt bigger correcton should happen.
Target is around upper band of the channel and touch of the line connecting two previous tops.
Etherum 2.0 is COMING... More DetailsHello friends
So finally we will ee ETH 2.0 as soon as posibble.
I want to explain more details about MERGE upgrade
and launch day.
then have a look at some NEWS about ETH 2.0.
lets see again whats Etherum 2.0 and MERGE upgrade?
Ethereum will move from a proof-of-work consensus mechanism to a proof-of-stake blockchain known as MERGE
Right now Ethereum uses the same consensus mechanism as Bitcoin known as proof of work.
This requires miners to validate transactions and keep the network secure.
It is slow, costly, and uses large amounts of energy by design.
Proof of stake is different because it gets rid of miners altogether and uses validators
(people who “stake”—or lock-up—Ethereum to keep the network secure and running).
After the upgrade the only way to create new ETH will be to stake pre-existing ETH on the network
which analysts expect could have a deflationary impact on the cryptocurrency.
Moving to proof of stake will then make Ethereum “99% more energy efficient.
Ethereum Merge expected between 10 and 20 September.
Now lets check some HOT news about this happening:
22 August 2022: CME Group to launch Ethereum options prior to ETH 2.0 Merge
17 August 2022: Coinbase pausing ETH deposits during Merge is ‘not significant’
12 August 2022: Ethereum Merge to take place 15/16 September after Goerli success
I hope this upgrade be successful and after that Vitalik can go ahead
SHARDING mechanism...
More incredible things will be happpen...
just BE patient...
Share me your opinion about this article.
are you like this type of atticles???
so let me know..
thanks
Analysis ETH/USDT Before Merge Update 😊🎉🎈Hello Dear Trading view Members
As you can see, Ethereum reacted to its resistance level of $1700 again, as a result of selling pressure from sellers, and the price easily broke its red trendline downwards. Ethereum has reached its $1500 support area, which is currently indicated by the red candle recently formed in the 4H time frame, showing the targets of 1400,1385,1380. We are still waiting for the close of the monthly candle, if the close of the monthly candle closes below 1270, the next targets are 1230,1200. 🎗
If you like ideas provided by our team you can show us your support by liking and commenting.
Arztoday team 😉🌹
Ethereum Ahead of merge pt.2So the corrective move I illustrated last week is still fairly in play. Now I can imagine these 2 PA to happen next, and as I mentioned I'll be waiting for a considerably nice reaction from my AOV to get into a long setup while having in mind that as we get closer to the merge, the news outcoming from the event will exaggerate any move in the charts.
In my opinion, depending on how the merge will take place, it will have a big impact on Ethereum's "perception of value". Thus we shall expect some serious volatility for sure. regardless of the fundamentals, here's what I see as technically possible for Ethereum in the coming days.
I'll post an update next Sunday!
Cheers.
BTC Wyckoff spring triggered by the ETH merge?Here's something I've been playing around with. The idea is that we're potentially almost at the end of an unusually short Wyckoff accumulation period. Coincidentally, then the spring would fit well with the time of the ETH merge. The merge could mean there's a lot of people that's playing the "buy the rumor, sell the news" game - potentially meaning a lot of gains will move from ETH into BTC and trigger the spring, signalling we're out of the bear market (semi-short term at least). I'm keeping an eye of the price range movements over this weekend to mid next week for a soft confirmation that we're in phase c.
Ethereum ahead of mergeI can imagine this as a possible PA for Ethereum in the coming weeks, but since the merge is going to happen, the outcome will probably affect its perception of value strongly. I will try to trade my idea cautiously on both ways while waiting for the long around my AOV as the main position.
📉 #ETH #REQUEST #IDEA 📈📉 #ETH #REQUEST #IDEA 📈
These are the key levels you are looking at for buys and sells at this stage. $3k would be an awesome target although I feel that the sells will be coming in heavily before - guarantee though but just make sure you are trailing this up as I still do feel like the dump is going to be fast and pretty deep. This is purely based on the on-chain analysis and serious weighted derivatives interest over spot. The options weighting here also helps put markets on the markets expecting anticipations. If you don't want to catch knives the ETH will be $5k at "some point" so put it in cold storage and keep it under your bed.
🤖 #BTCLIVE - 15.08 - #IDEA 🤖🤖 #BTCLIVE - 15.08 - #IDEA 🤖
Snapshot:
Short-Term
30:70- Bullish:Bearish
Long-Term
50:50 - Bullish:Bearish
Technical Analysis:
Bullish Scenario:
Alot of bearish sentiment, mainly short term would suggest a move down to $23.6k especially with the 3rd rejection from $25k andsell orders coming in - there could be a strong rally at this position to fend off breaking down on the ascending wedge which would likely drive price for another test of $25k this would be incredibly bullish and somewhat of a make or break push. A break and hold above $25k puts $27k and $30k as realistic targets.
Bearish Scenario:
Short term movement down to $23.6k is likely for the local support although there could be a lot of defense at this position a breakdown and confirmed retest can see price sing quite quickly to $22.6k where the next strongest zone of support lies, max pain in the move can still push us down to $20k region which is where the bottom of this long term channel/range lies.
Bullish Factors:
+ Weekly Pivot already filled
+ 200EMA is supporting
+20 & 50 DEMA doming to support at the key trendline support
+ Transfer Volume turned positive
+ Active Addresses turned positive
Bearish Factors:
- Bearish Divergence on the 5min
- Bearish divergence on the 4hr
- Bearish Divergence on the 1hr
- Restesting resistance
- Strong Sell Orders
- Broken through 20 and 50 EMA
- Hard rejection from 25k for 3rd time
- Exchange Netflow Total turned negative
- Liquidation turned negative
Key News:
Bull:
+ ETH Merge causing bullish sentiment market wide
+ 💥Revolut gets approval to offer #Bitcoin and crypto in the European Economic Area.
+ Judge grants Ripple’s request to review videos of SEC officials (cryptopanic.com)
+#Crypto exchange Gate.io has been granted a virtual asset custodial services license in Hong Kong.
+ Europe’s largest independent tyre re-treader, Vaculug, will accept #Bitcoin for payment!
Bear:
- $ETH: The “Merge” Protocol Upgrade Will Not Lower Ethereum’s Gas Fees
- Hackers printed 1.2 billion $AUSD on the Acala Network through an exploit.
- Brazilian #crypto lending platform BlueBenx halts withdrawals following a $32 million hack.
Metrics:
Exchange
- Exchange Reserve - As the exchange reserve continues to rise, it indicates higher selling pressure.
- Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure.
Miners
/ Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average.
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
On-Chain
+ aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom.
+ Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins
+ Net Unrealized Profit and Loss (NUPL) -Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses.
+ Transfer Volume - The total number of coins transferred has decreased by 31.00% compared to yesterday.
+ Active Addresses - The total number of active wallets used to send and receive coins has decreased by 13 .00% compared to yesterday.
+ Transactions - The total number of transactions has increased by 26.00% compared to yesterday.
Sentiment
+ Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase.
- Korea Premium -Korean retail investors' buying pressure is relatively strong.
- Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment.
Derivatives
+ Funding Rate - Long position traders are dominant and are willing to pay to short traders.
+ Taker Buy Sell Ratio - Selling sentiment is dominent in the derivatives market. More sell orders are filled by takers.
/ Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend - Last Value: 9,142,523,051.97 24H%: -8% 7D%: -9%
- Liquidation - 42921463.65 of short positions were liquidated in the last 24 hours.
ETH DominanceHi all,
How many of you pay attention to ETH Dominance?
The dominance level is above 21 WEMA.
It was ranging more than 1 year between some levels.
Now, before ETH 2.0 merge is looking bullish and trying to break out.
Last year, between these levels we saw an altcoin season.
Let's see how it plays this month, which for the last 2 years, august was bullish.
Bullish scenario for Eth/Usd; Rallying into the Merge As long as we stay above $1500; preferrably finding support at $1800; I'm keen on the idea of strength up into the multiple confluences around $2600; and into the 15th September Eth Merge event
~~Multiple Confluences:
~Eth Futures Gap (on CME Weekly chart)
~0.618 retracement level
~1.618 extension of the recent dynamic down leg
~roughly around the 50% level of the 2yr Range (2020-present)
~fundamental bullish driver being the upcoming Eth Merge; which should take place on the 15th-16th September.
Note: If it does pan out like this, and if we rally sharply into the Merge mid-September; i'd be sure to take profits there: 'Buy the rumor, sell the news' type of idea.
"GNO" gnosis chain releases gnosisscan.io confirms 100 MA as supGnosischain has released the GnosisScan a block explorer and analytics platform for
@gnosischain which uses the $xDai token for stable transactions.
gnosisguild is the launch of zodiac.wiki, an open, living resource for DAOs
the wiki's home to a library, docs, and a pattern language describing problems & offering practical responses so as you can see GNO has plenty of catalyst to breakout.
Ethereum To $2200 But Then What? As the merge from proof of work to proof of stake gets closer for Ethereum there has been a bullish relief wave hitting the market. I do believe that Ethereum is leading the charge in this relief rally as the merge will have a major impact on the entire cryptocurrency market.
Ethereum on the weekly looks like it's on an up trend to hitting $2200, but be cautious because I do believe we're still in the early stages of a bear market. I could be wrong but as I've been saying we haven't been moving sideways for an extended period of time just yet and the market is still very precarious.
I do believe we will eventually revisit a $1000 Ethereum or lower again as we go deeper into the bear cycle. As of now I'm waiting until we turn red again to dollar cost average in. The whole game plan is to accumulate heavy as close to the bottom as possible. I like others believe we still have a ways to go before we have a true bottom. Take it with a grain of salt because I could be wrong.
ETH 2.0 Merge Upgrade Detailed and Release DataHello all traders and investors.
according to go approch ETH 2.0 Merge upgrade
Today i decide to explain more about that and tell you more
about wahts going to happen.
I try to explain as simple as possible
Whithout killing time lets go...
What is The Merge?
The Merge represents the joining of the existing execution layer of Ethereum (the Mainnet we use today)
with its new proof-of-stake consensus layer, the Beacon Chain.
It eliminates the need for energy-intensive mining and instead secures the network using staked ETH.
A truly exciting step in realizing the Ethereum vision – more scalability, security, and sustainability.
It's important to remember that initially, the Beacon Chain shipped separately from Mainnet.
Ethereum Mainnet - with all it's accounts, balances, smart contracts, and blockchain state - continues to be secured
by proof-of-work, even while the Beacon Chain runs in parallel using proof-of-stake.
The approaching Merge is when these two systems finally come together, and proof-of-work is replaced permanently by proof-of-stake.
Merging with Mainnet
Since genesis, proof-of-work has secured Mainnet.
This is the Ethereum blockchain we're all used to—it contains every transaction, smart contract, and balance since it began in July 2015.
Throughout Ethereum's history, developers have been hard at work preparing for an eventual transition away from proof-of-work to proof-of-stake.
On December 1, 2020, the Beacon Chain was created, which has since existed as a separate blockchain to Mainnet, running in parallel.
The Beacon Chain has not been processing Mainnet transactions.
Instead, it has been reaching consensus on its own state by agreeing on active validators and their account balances.
After extensive testing, the Beacon Chain's time to reach consensus on more is rapidly approaching.
After The Merge, the Beacon Chain will be the consensus engine for all network data, including execution layer transactions and account balances.
The Merge represents the official switch to using the Beacon Chain as the engine of block production.
Mining will no longer be the means of producing valid blocks.
Instead, the proof-of-stake validators assume this role and will be responsible for processing the validity of all transactions and proposing blocks.
No history is lost. As Mainnet gets merged with the Beacon Chain, it will also merge the entire transactional history of Ethereum.
You don't need to do anything. Your funds are safe.
What do I need to do to get ready?
You do not need to do anything to protect your funds entering The Merge.
As a user or holder of ETH or any other digital asset on Ethereum, as well as non-node-operating stakers,
you do not need to do anything with your funds or wallet before The Merge.
Despite swapping out proof-of-work, the entire history of Ethereum since genesis remains intact and unaltered after the transition to proof-of-stake.
Any funds held in your wallet before The Merge will still be accessible after The Merge. No action is required to upgrade on your part.
Take away from scammers after the Merge:
As we approach The Merge of Ethereum Mainnet, you should be on high alert for scams trying to take advantage of users during this transition.
Do not send your ETH anywhere in an attempt to "upgrade to ETH2."
There is no "ETH2" token, and there is nothing more you need to do for your funds to remain safe.
Ethereum Merge Date
The Ethereum merge date and transition to proof-of-stake is expected to take place on September 19, 2022.
We have some Testnet examination before Merge.
I list them for you below:
- Goerli/Prater client releases 27th or 28th of July.
- Announce 28th/29th.
- Prater Bellatrix on the 8th of August
- Goerli Merge on the 11th.
- ACD 18th August plan mainnet Merge:
- Bellatrix early september;
Merge two weeks later (week of Sept 19th).
and additionally i attached a Technical Analysis for ETH/USDT
After we surpass 1700 Resistance , we reach 1800 now and we pass it too.
now we are on road to strong 2000 resistance and after that 2400.
According too incredible happenings for ETH 2.0 and the U.S. inflation record
a peak i think we will see this levels in coming days.
Additionally we see 3 strong candle patterns on 1800 breaked Resistance
1 - Marobuzu Candle
2 - Morning star pattern
3 - Bullish Engulfing
Like i show on the chart.
These patterns are showing a strong demand in this zone.
Hope you enjoy this article.
please share me your opinions in comments
and i want for all of you a lot of profits.
thanks for reading.
🎲 #ETHPERP #LONG #SCALP #IDEA 🎲🎲 #ETHPERP #LONG #SCALP #IDEA 🎲
Risk
- Medium-High
Entry Conditions:
- key resistance breakout
- Massive volume spike
- Heavy merge news in circulation should pump exponentially with BTC
News Source:
- finbold.com
Entry: $1796.4
Take Profit 1: $1876
Take Profit 2: $1992.3
Stop-Loss: $1739.6