Helping the friends at CME with ETHHello CME friends! After my tremendously great BTC signals I am back to help you with this new "crypto thing" called Ethereum. So lets keep things simple and straightforward; why would you trade ETH? Well, I can sum the following reasons:
- ETH has the best fundamentals and adoption in crypto, full stop - period. (when this changes in a few years, you get notified)
- ETH has the best fundamentals for the emerging defi market.
- ETH has outperformed BTC since inception and will surge +178% against BTC in 2021/2022. (check linked post below)
- ETH just broke its ATH and key resistance and will hit 3000$ in May and is likely to 3 or 4x in 2021.
- Everyone loves ETH even though they pay ridiculous
Do you need any more reasons?
For my crypto followers; ETH is a very young asset on the CME exchange; as you can see from the chart; its like a new coin launched on an exchange. First a dip and then.... ;)
IMPORTANT: this not financial advice and pure educational - trade or invest based on your own risk and research.
ETH1! trade ideas
Short Ethereum beecause CME calls it EtherToday is the opening day of ETH futures on CME. It is known that the desk for CME's Ethereum futures hold ETH. If so, they would likely be interested in hedging short on a cash-settled futures contract such as CME's ETH.
They call it Ether. A travesty.
Note: This is a short term bias. Invalidation on break of open price.
Ethereum CME Futures now live! BuyKeep your eye on ETH futures over the next 24 hrs. They will be a good guide as to where the crypto market is headed.
Press the follow tag below and ill keep you updated as an when with my thoughts ;)
Nice buy power tonight in the main ETHUSD chart ahead of futures opening so I'm back long. Price bounced strongly of support and is currently trading above the control line in the upward channel which shows bulls are back in control
Lets see how far up we can ride ETH now that CME futures are live!