The Looming Crash: What's Next for #ETH?Should we be concerned?
The 60 EMA is approaching a cross with the 200 EMA on the weekly chart for #ETHBTC.
If it breaks below the 200 EMA, ETHBTC may experience a drop of approximately 25%
ETHBTC.P trade ideas
Alarm for ETHBTCIt seems that ETHBTC has lost a static support and a dynamic support and reached 0.04664 from 0.08592 in 5 waves Elliott. I expect an upward corrective ABC patern to 0.05779 (equivalent to a pullback to the lost dynamic trend line) and continue the correction. On the other hand, from the point of view of NDS, all the movement in the weekly time could be the movement of ND and the second negative hook after that was completed on 2022-sep-07. From Ichimoku's point of view, it seems that there is an expectation of further correction in the weekly time. and ETHBTC lost the Important Moving averages
The Eth/Btc Chart No One is Talking AboutI want there to be an altseason, I want a ton of alts to fly to the moon and have a crazy fun time. ETH/BTC has broken under a trendline from 2019, never even managed to make it back to it's 2017 highs in the previous cycle. I don't understand how someone can look at this and not worry for the future of alts tbh
ETHBTC falling from a cliffrounding top, trendline invalidation, fail, lost horizontal support.
Difficult to detect a possible target. Perhaps zero.
ethbtcI expect the price of altcoins to make a downward movement in order to stabilize the price in sync with Bitcoin, and in my opinion, there will be no alt season this year.
Momenth of truth for ETHBTCI'll try and be as brief as possible in this one.
I believe this to be a pivotal month for ETHBTC.
Either we see a full-fledged no-excuses breakdown confirmed with a weekly close below the last wick on said timeframe, or I will continue to think that a macro low is being formed here.
There is everything you want to see here if you're going to take a bullish stance.
1) Confirmed triple bullish divergence on both 1D and 1W.
2) Fake break of structure with a dip down and then pop back up on the 1W.
3) Chance for a 55EMA and 200EMA death cross fakeout inbound on the 1W.
4) Stochastics ready to go back up on both 1W and 1M.
5) Six months and counting of price action hanging onto the lows without truly breaking down.
6) History of ETHBTC losing value after BTCUSD breaks all-time high, only to go back into an uptrend after a few weeks.
7) BTC.D painting a swing failure on the 1W with a confirmed bearish divergence and rejection of the RSI bullish control zone.
This might get all thrown out of the window tomorrow, but as long as the aforementioned points stand, I'll keep believing that one should exercise maximum caution in being bearish at this time and place.
A weekly close above the 55EMA before it crossed the 200EMA will make me even more of a believer of the bullish case.
If that happens, and ETHBTC can also trade above 0.061, I would have no more reason whatsoever to fear a breakdown, thus absolutely confirming a macro low, and looking for a higher valuation.
AltSznBrewingWith a huge divergence on the ETHBTC pair, some Alts gaining force, and the convergence with a old supply zone for Alts, I can see a HUGE alt season in the making.
ETH/BTC dip of the dippity dip...If my view is right, the altcoins shall do the best performance in their history.
Ethereum vs Bitcoin by Rocket Bomb 🚀Hello, friends! 😊Today we're looking at the Ethereum to Bitcoin chart!
As everyone knows, the Ethereum to Bitcoin price indicates how many Bitcoin units are needed to buy one unit of Ethereum. That's an important metric for traders and investors as it reflects the relative strength or weakness of Ethereum compared to Bitcoin in the market.
👀Keeping an eye on this price is useful for making decisions about trading or investing, considering the dynamics of the two largest cryptocurrencies.💥
Today, I've prepared a weekly chart for You to examine the medium to long-term perspective! 💡On the chart, You can see a large number of falling wedges (also known as descending wedges) - a pattern, that signals an upcoming bullish impulse,🚀 which has always happened after the wedges in the history of this pair.
The wedges, that I colored in pink 🩷 had the same slope and consequently the same percentage growth when exiting the wedge, which was about 1000%.
Over time, the cryptocurrency market has gained immense popularity, and the market has become more "weighty," slowing down growth slightly and reducing it in percentage terms!
In 2021 (the wedge became less acute, and growth was about 250%), I colored the wedge in brown 🟤 for clarity!
As for the potential in the coming years, 250% is quite a realistic indicator - but it's too early to talk about it.🤫
🔻In the medium-term perspective, we can also see a slight decline in price - and the completion of the wedge formation, followed by a phase of active growth.🚀
You can see the levels for the medium-term perspective on the chart.🧐It's better to make purchases on price pullbacks, so keep an eye on that!👀
Thank's for Your attention, I hope the information was useful to You. If yes, click 🚀 and subscribe so You don't get lost!🫶
Always sincerely Yours,
Kateryna💙💛
ETHBTC Very Bullish Falling Wedge FakeoutAfter a very ullish run on the ETHBTC pair from 2019 - 2021, ETH has spent nearly the last 3 years consolidating into a falling wedge pattern. This has formed an even bigger Bullish pennant pattern. With a breakout of the falling wedge we'd have about a 13-% gain to the upside.
Locally, price has formed a triple bottom, and formed a Fakeout from the low of the falling wedge. Price has responded with a strong reaction to the upside. With the BTC halving just being finished and the ETH ETF on the way, it is about time for ETH to make its run.
ETH Set to Soar: Alt Season Signals and Technical Analysis
Prepare for #AltSeason with #ETH! Buckle up as ETH aims for $8000 amidst a flurry of bullish signs, especially in ETHBTC. Packed bags? Check. Let's ride this wave! 🚀 Analyzing the charts, we spot a strong bullish divergence on the weekly chart. Plus, a significant trade opportunity awaits at the monthly key level, coinciding with the monthly fair value gap and the 62% Fibonacci level, indicating promising reactions. On the daily chart, a breaker formation is taking shape. Bags full? Let's send it to the moon and hodl tight! #Crypto #Ethereum #TechnicalAnalysis
ethereum is trash!!! I would short itttt to the groundd Heheheehehehe efereum very very good coin. soon it will outperform and will kick of alt season.
Why i know dis you ask?
Because i know and been in the trenches for many years now.
pepe also good play
ETH/BTC very important moment#eth / #btc pair has lost the trend line support with this month's dump and now trying to reclaim the bull triangle. Claiming the trend will be favorable for #ethereum but this is also a bearish retest. If #ethbtc price declines hard here, this will be greatly unfavorable.
Not financial advice.
ETHBTC seems to have bottomed.The chart is largely self-explanatory. The parallel trend lines are validated by being touch points for many price tests at different time points and across different price levels.
This also deserves another revisit Increasing my ETH short.
There is no reason for ETH to exist. Also, any other sh1pcoin.
This cycle will not be like previous cycles, no ATH for sh1pcoins.
ETHBTC Bullish DivergenceOn a weekly chart we have strong indication of a bullish divergence. ETH is ready for take off.
BTC halving is over -> Has it been priced in already?
ETHBTC : TRUE IDENTIFIER OF STRENGTH AND WEAKNESS RATIOIt should know that when the price of ETHBTC is on a downtrend, this generally signifies that Ethereum is weaker than Bitcoin(especially when Ethereum and Bitcoin are both Bearish). If ETHBTC is bullish, like the above chart, it signifies that Ethereum is stronger than that of Bitcoin.
How does this chart affect the price of Bitcoin and Ethereum?
It simply shows which of the coins will be a better market to trade.
As the price of ETHBTC rallies to the upside and the price of Cryptocurrency is generally bearish, Bitcoin would sink more than that of Ethereum simply because ETHBTC is bullish(Bitcoin is weaker than Ethereum).
From technical analysis, price reaches into a weekly FVG and then takes out the Sell-side Liquidity and then breaks market structure to the upside.
I want to see the price of this market to be at 0.08562 in coming weeks/months and for bitcoin to sink much further than that of Ethereum.
BTCETH April 20, 2024: A New HighLooking at the weekly chart of VANTAGE:BTCETH BTCETH we can see that since the beginning of 2023, CRYPTO:BTCUSD has been steadily advancing relatively with CRYPTO:ETHUSD and has been at the new high for the last 2 weeks.
This means that for trend-following traders, BTC is clearly a preference for trading in the long direction.
Ethereum price to BitcoinHere's the information about Ethereum's price relative to Bitcoin:
Price tends to rise after halving:
Historically, the price of Ethereum compared to Bitcoin (ETH/BTC) has a tendency to peak around a year after a Bitcoin halving event.
Price dips after the peak:
Following this peak, the price of ETH/BTC typically falls for several months, reaching its lowest point somewhere between 5 and 6 months after the halving.
Price holds above previous lows:
There's an interesting trend where the price of ETH/BTC seems to never fall below the lowest point it reached during the previous cycle (year-long period)
Currently, in a buying phase:
Right now, it's believed that ETH/BTC is in an accumulation phase, where the price is slowly going up in anticipation of a future rise.
My levels should ETH pull away from BTCRelative to BTC, ETH hasn't had another ATH. Should this happen, and I'm not saying it will, these are the levels I'll watch. I haven't yet thought though the implications of this from a marketcap perspective.. who knows, this may not even be possible, but here it is anyway. w00f!
ETH will probably continue down against BTCETH will probably continue down against BTC.
It's just broken a major support line, retested it so the continuation in the downward is likely.
