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ETH TO BOTTOM SOONI know, I know—Ethereum is dead. It’s a dinosaur. It’s been replaced by Solana. Nobody needs it. L2s are clunky and stealing all the gas fees. It’s over—pack it in. Except, it’s not. Ethereum has an ETF seeing net inflows, Larry Fink from BlackRock is actively proselytizing about using it to tokenize the world, and it’s beaten down—just as it is at this point in every cycle. Maybe I’ll go down as a donkey, but every bottom signal I track in sentiment is beginning to show up. The blue zone, around 0.031–0.029, is my high-conviction buy zone. I’m not sure the price will reach that level, but if it does, I’ll be buying aggressively. By then, we’ll likely see oversold RSI conditions on both the daily and weekly charts, along with more bullish divergence. I remain confident that Ethereum will have its moment—and when it comes, it will be fast and furious.
Long
by ScottMelker
1
Feels like ETHBTC WeekThe bottom looks close but I wouldn't be surprised if BTC keeps running while ETHBTC remains low. I could see it bottoming around .03287, if not here. That could mean BTC drops 10% while ETH drops less, which is possible. It's definitely and interesting time, sentiment is extremely low on ETH but the lower ETHBTC gets the better it looks to me. People are calling it dead and are saying it will never recover (not everyone, but too many). People forget that ETH is actually great. This space is way too convinced that crypto is all about gambling and that nothing has value. This is mostly true, especially now, but that won't be true forever and ETH will outlast pretty much everything.
Long
by Alex-Weigel
3
Eth/Btc 3W - Let's take a wide angle to see better$Eth/Btc 3W; Looking at the Ethereum/Bitcoin chart from a much broader perspective, we can say that the downtrend is still dominant and strong. We can see how the IMB and FVG levels are working properly. If the decline continues down to the +OB level at $0.02934, if the Double Buttom formation support here is insufficient, the decline may continue until the Discount Zone. There are strong support zones at this level, so in the worst case, it will be inevitable to return from this region. Why is the Eth/Btc pair important for us? This pair shows the value of Ethereum against Bitcoin. This shows that the market perception is still heavily weighted towards Bitcoin as a safe haven. As is well known, the appreciation of Ethereum against Bitcoin usually marks the beginning of the altcoin season. #eth #ethereum CRYPTOCAP:BTC #Btc #Bitcoin
by ugurtash
Why ETH/BTC Could Be Approaching Its Bottom1. Fibonacci Magnet • 0.618 Fibonacci Retracement: The golden ratio at 0.03092 is a magnet for price in corrective markets. This level has been a historical pivot point in prior market cycles, and while ETH/BTC hasn’t touched it yet, it appears to be trending toward this critical support zone. • The fact that the price hasn’t yet hit this level leaves room for a final, likely exhaustion move, which often marks the end of a trend. 2. Descending Wedge Pattern • ETH/BTC remains within a descending wedge, a known bullish reversal structure. • Price action is converging as it approaches the apex, which aligns closely with the 0.618 retracement and long-term structural support. • The wedge indicates that momentum is weakening on the downside, often a precursor to a breakout. 3. Long-Term Horizontal Support • The 0.03 level has historically been a strong psychological support for ETH/BTC, acting as a base during the early phases of 2020 before the explosive bull run. • Combining this horizontal level with the Fibonacci retracement strengthens its likelihood of being a key reversal zone. 4. Trendline Confluence • The descending red trendline from 2021 has contained ETH/BTC’s downtrend, but price is now reaching a crucial point where it will either: 1. Break below and invalidate the setup (unlikely given the confluence of factors). 2. Hold at this major trendline, completing the wedge structure and setting the stage for a reversal. 5. Timing Cycles • Historically, ETH/BTC bottoms before Bitcoin halvings and rallies during the altcoin seasons that follow. • With the halving approaching in 2024, ETH/BTC appears to be aligning with this pattern. A touch of the 0.618 retracement would coincide perfectly with historical cycle lows. Why This is Critical This zone represents the final test for ETH/BTC’s current downtrend: • A touch of 0.618 would complete the technical correction. • The wedge pattern apex, horizontal support, and Fibonacci levels create a perfect confluence for a bottom. • Failing to hold here would signal a significant break in structure, but such a scenario appears unlikely given the timing and technical setup. Conclusion While ETH/BTC hasn’t yet hit 0.618, it’s crucial to watch for a touch of this level in conjunction with volume and price action at the descending wedge apex. If ETH/BTC reacts strongly at or near 0.03092, this would likely confirm the bottom and set the stage for a breakout toward 0.045 and beyond.
by Monument_
Eth bullrun is imminent In my opinion ethereum versus bitcoin has tapped the bottom, feels like some sort of fake distracting breakdown which gains strength again very soon , all the bottom i can imagine for ethereum is here where we are , RSI even in monthly timeframe is extremely oversold, Remember we wont have the real altseason without eth riding the wave so be ready for a massive price gain from the king of altcoins . It’s definitely one of the weirdest looking charts ever seen but more than 1000 days of range and falling will give us a strong come back . I think we will aim for the red trend line and have a little lingering consolation before the full send which matches with my btc.d view and the altseason map. Stay safe fam
by mastershark
Ethereum's Fading Dominance: A 2023 Trend That Could ContinueEthereum's relative strength against Bitcoin has been waning throughout 2023, and technical analysis suggests this trend may persist. A Breakdown in the Making Ethereum (ETH) has been showing signs of weakness relative to Bitcoin (BTC) throughout 2023. This trend and a recent technical breakdown suggest that ETH/BTC could continue its downward trajectory. Key Technical Indicators 1. Relative Strength Index (RSI): The RSI for ETH/BTC has been declining, indicating a loss of momentum in Ethereum's price action relative to Bitcoin. 2. Moving Averages: The 50-day and 200-day moving averages for ETH/BTC have crossed over, forming a bearish "death cross" pattern. This pattern often signals a potential downtrend. 3. Support Levels: ETH/BTC has struggled to hold onto key support levels, suggesting that selling pressure is increasing. Why is Ethereum Losing Ground to Bitcoin? Several factors may be contributing to Ethereum's relative weakness: 1. Network Congestion and High Fees: Ethereum's network has been plagued by congestion and high transaction fees, particularly during periods of peak demand. This has led to a decline in user experience and network adoption. 2. The Rise of Layer-2 Solutions: While Layer-2 solutions like Arbitrum and Optimism have helped alleviate some of the congestion issues, they have also fragmented the Ethereum ecosystem. 3. Competition from Other Smart Contract Platforms: Other smart contract platforms, such as Solana and Cardano, have been gaining traction and challenging Ethereum's dominance. 4. Bitcoin's Growing Institutional Adoption: Bitcoin has been increasingly adopted by institutional investors, who view it as a store of value and a hedge against inflation. This increased demand for Bitcoin could be driving capital away from Ethereum. The Potential Impact of the Merge The Merge, a significant upgrade to the Ethereum network, was expected to improve network efficiency and reduce energy consumption. However, the impact of the Merge on Ethereum's price performance has been mixed. While the Merge may have long-term benefits for the Ethereum ecosystem, it has not been enough to reverse the short-term trend of ETH's underperformance relative to Bitcoin. Conclusion Ethereum's relative weakness against Bitcoin is a concerning trend for ETH holders. The technical indicators suggest that ETH/BTC could continue to decline in the coming months. While the Merge was a significant milestone for Ethereum, it may not be enough to offset the challenges facing the network. Investors should closely monitor the price action of ETH/BTC and be prepared for further downside. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Please conduct your own research or consult with a financial advisor before making any investment decisions.
Short
by bryandowningqln
ETH ecosystem to fund initial stage of crypto bullrunWhen markets rotate the money has to come from somewhere. Money can move in and out of one sector of the economy into the other, like money moving from industrials into technology or from fiat into precious metals. Money can also move around within a macro system from its constituent sub-systems. In the case of crypto, think we will see the Ethereum ecosystem beggared while money flows out of it into other ecosystems. In order to try and stay ahead of the rotations into and out of crypto and into and out of the various layer one projects within crypto I turn to the best tool I have, which is the charts. Once we have the layer one blockchain we care about we can look at other layer projects that ride on top of the layer one to move up the risk curve for more volatility as we see fit. ETH/Bitcoin Bitcoin is the biggest single slice of the crypto by fame and market cap. The double top threat is pretty clear at this point. The black double top appears to be an eve and eve with the difference between the first and second peak about 3.12% That is about as textbook as we could want to see. We just have to start breaking the neckline of the formation and we should start to see more volatility in the pair. Eth Dominance ETH.D is likewise in a double top but this one is a bit further away from the neckline. The targeting is much the same. Due to the structures of the uptrend I think that 40% draw down is very reasonable and realistic. XRPETH XRP appears to be in a ascending triangle against ETH with a target close to 2x if full performance is reached. Solana/ETH Solana is suppose to be an Ethereum killer and in the long run I think it will live up to its name. I think it has a couple of years for the ecosystem to mature before It does. A major sign of strength will be if this W pattern performs to target. That would have Sol putting up over twice the gains than eth does in the initial stages of this move. Polkadot ETH Dot has been moving sideway for the last 4 months and has created some bullish divergence on the weekly chart. I think we will see it slowly erode share out of eth. Kadena Eth One of my favorite layer ones to watch and maybe trade before I see my long term set up is Kadena. It is poised ot have a W pattern that pops it over 100% against eth. Cronos Eth Cro seems to be another coin in a wedge against eth. The target this cycle is over 300% away from the current level. ADA ETH Oh, look, it is another coin in a bullish falling wedge against ETH. Sure reaching the previous ATH might take a decade or so, but that is a decade to favor ADA over eth. Doge Meme Coin Versus Eth Want to consider something that at first glance seem moronic or hilarious? Doge has the structure to 70x eth over the next couple of years. Final thoughts The Eth team has done a lot to make their system more affordable to use. As price goes down the ease of use goes up and the adoption goes up. Ethereum is in the process of turning itself into a volume trade and not a profit margin trade. That might be a good thing for cryptocurrency as a whole but I am chasing alpha. Crypto gives me more potential alpha than equities so I play here. If the alpha is leaving eth then I am going to leave as well, no matter how good it could be for the world or the ecosystem. Daddy can't pay for his girls food and clothes if he doesn't get that alpha.
Short
by This_Guhy
18
ETH/BTC - The fastest horse in the raceWhile I recently laid out why I think COINBASE:ETHUSD has a bullish setup brewing, I want to turn attention to BINANCE:ETHBTC . While I think both BTC and ETH have bullish setups, a case can be made that ETH is about to begin outperforming BTC and we'll likely see a period of outperformance for ETH. Currently forming on the BINANCE:ETHBTC weekly candlestick chart is a bullish engulfing setup coming off of an RSI divergence. These types of setups can be quite explosive once price breaks above the weekly candle high and starts moving. If this pattern plays out then the next major overhead resistance is in the 0.54-0.56 region. Beyond that the next major resistance is just below 0.08. As always, we need to practice proper risk management, so for this setup the invalidation level is around 0.0345. Also keep in mind that the weekly candle has not yet closed so we are simply watchin for the potential at this point. For a good, solid setup we'd want to see very little upper wick when this weekly candle closes.
Long
by krugman87
3
ETH/BTC - A potential path for the next 9 monthsI think BTC needs to hit 100k before alts need to go up, probably will in 2 weeks or 1 month and a half (I get this forecast from a past post) as my last ideas with BTC pairs, doesn't mean ETH is gonna go down. So yeah probably needs to test that 0.786 at ~0,032 before a nice rebound, and probably this is what gonna happen if BTC hit 100K. That would make ETH at 3200 USD (~+3%) when BTC 100K (~+10%) target are 10-12k for end of the bull run Not financial advice cheers
Long
by Investwine
Unstoppable Alt Season Ahead: Is Eth Ready to Outshine BTC ?The ETH/BTC chart suggests that Ethereum (ETH) is potentially on the verge of a major upward movement, particularly if it follows historical patterns. Currently, Ethereum's price against Bitcoin has been in a downtrend since August 2022, trading within a descending channel. This decline aligns with Bitcoin's growing dominance, largely driven by the interest in Bitcoin ETFs. However, Ethereum has a significantly smaller market cap compared to Bitcoin—roughly one-third—which means that each dollar invested in ETH could have a threefold impact on its price compared to Bitcoin. If the same amount of funds currently flowing into Bitcoin ETFs were to enter Ethereum, ETH's price could experience a much larger percentage increase than Bitcoin. A key feature of this chart is the long-standing blue trendline that has existed since 2015, marking significant support levels for ETH/BTC. Each time ETH has reached this trendline, it has been followed by an "Alt Season," a period where altcoins, including Ethereum, have outperformed Bitcoin. This pattern was observed in both the 2016/2017 and 2020/2021 cycles, where touching this trendline signaled the beginning of substantial gains for Ethereum. As ETH approaches this trendline again in 2024, it suggests that another Alt Season could be on the horizon for 2024/2025, setting the stage for ETH to gain strength against BTC. The chart's implication is that ETH could soon reach a cyclical bottom relative to Bitcoin. With the potential for increased institutional inflows into Ethereum, such as through an Ethereum ETF, each dollar invested in ETH could generate a more pronounced impact on its price. This amplification effect, combined with historical price patterns, supports the idea that Ethereum may be primed for a strong performance in the coming cycle. While the general market sentiment around altcoins is currently low, with many investors losing hope, this chart suggests that this may be an ideal time to be optimistic about altcoins. If Ethereum follows its previous cycles, this period could mark the beginning of an altcoin resurgence, making it a potentially opportune time for altcoin investments.
Long
by TheCryptoCity
3
ETHEREUM PUTTING IN A BOTTOMAs you know, I’m a long-time ETH bull, and I see its recent underperformance as a major opportunity. BlackRock and other institutions have effectively endorsed Ethereum with the introduction of ETFs and are actively choosing the chain to tokenize real-world assets. Historically, ETH underperforms in this phase of the cycle before making a significant move. We might be seeing the start of that move now. The weekly chart shows oversold RSI levels for only the fourth or fifth time ever, along with bullish divergence for just the second time. This week's candle is a bullish engulfing, and ETH is currently outperforming. This really looks like a bottom forming.
Long
by ScottMelker