#ETH/BTC This is make or break for ETH, currently at support and this needs to hold. If we see a push here then we going to see the alts and ETH push really hard.
ETHBTC trade ideas
eth/btc on strong local supportthe bounce over the strong support is weaker, expect a move down which may represent good entry to go long eth over btc in the long term, this is a long term strategy
The End Of Ethereum. Not possible to hold.ETH/BTC pair has failed to hold line gain strength, this points to a giant loss of ETH in BTC terms and everything on Ethereum.
With Solana out to send stable coins cheaply, the SEC declaring ETH a security, ETH will likely never got a Spot ETF thus never catching up to BTC's Spot ETF Inflows.
This is where Staked Ethereum takes a loss they never thought possible.
ETHBTC Ratio Death Cross ApproachingKey Points:
• Death Cross: The ETHBTC ratio is nearing a death cross, where the 50-week average dips below the 200-week average, historically signaling a bearish trend for Ethereum relative to Bitcoin.
• Altcoin Impact: Since altcoins often follow Ethereum's movement, this could lead to a decline in their value compared to Bitcoin.
• Actionable Advice: The message urges you to consider divesting from altcoins and reevaluating your portfolio to minimize potential losses.
Additional Considerations:
• Market Timing: Predicting market movements is notoriously difficult. While death crosses can be a helpful indicator, they are not foolproof.
• Investment Strategy: This message advocates for a risk-averse approach. Consider your overall investment goals and risk tolerance before making any drastic changes.
• Do Your Research: Stay informed by following reliable crypto news sources and conducting your own research before making investment decisions.
Final Thoughts:
Carefully weigh the information and potential consequences against your investment strategy before taking action. Don't hesitate to consult with a financial advisor if needed.
This is the worst place to be a ETH bear against BTCThis is the worst place to be a ETH bear against BTC.
Literally we are IN the bottom. #eth #ethereum #crypto #altcoins
ETHBTC trading: BTC halving vs ETH ETF ETHBTC trading: BTC halving vs ETH ETF
Amidst the buzz surrounding Bitcoin's halving, Ethereum finds itself at a crucial crossroads, as the Securities and Exchange Commission (SEC) initiates a 21-day comment period for Ethereum ETF applications.
A veil of uncertainty remains over the immediate fate of Ethereum ETFs with the potential rejection or approval of VanEck’s application for the Spot Ethereum ETF due on May 23 deadline.
A rejection of the Ethereum ETFs might not just apply downward pressure on Ethereum but could affect the whole ecosystem including Bitcoin.
Reflecting on the previous Bitcoin halving event on May 11, 2020, which saw a 12% surge in price the following week. It's important to note that attributing these movements solely to the halving remains inconclusive. Various factors such as loose monetary policies and heightened retail investor participation also played influential roles back in 2022, making it challenging to directly link the halving to the market fluctuations.
Although a precise date remains unspecified, current estimations suggest the halving is likely to occur by late April, based on the ongoing pace of block validations.
📈Ethereum/BTC Analysis: Potential Shifts in DeFi Dominance🚨🔍Today, we're analyzing Ethereum/BTC in the weekly timeframe, crucial for understanding Ethereum's position relative to Bitcoin, especially amid the DeFi landscape where Ethereum plays a significant role.
💎Towards the end of 2021, ETH/BTC encountered resistance at 0.08511 and has since been undergoing correction. Upon plotting the Fibonacci retracement, we observed a bounce at the 0.382 level, signaling a possible continuation. However, failure to breach the previous high suggests dwindling buyer strength, potentially leading to downward pressure if sellers enter the market.
🔒Simultaneously, we notice a trendline resistance restraining the price, indicating that price has yet to gather enough momentum to break above it.
📊Examining volume since mid-2023, it appears to be in a range-bound state. However, short-term analysis shows decreasing red candle volume as we approach support at 0.05061. We need to observe if a break of this support correlates with a significant increase in volume.
💥RSI oscillator is currently hovering around support at 39.87. A candle closing below both price and RSI support levels could signal the beginning of a new downward trend.
❌Finally, it's essential to note that the current support level we are testing is critical for the vitality of this chart. If breached, Ethereum may underperform Bitcoin, especially during corrections. Therefore, it's unlikely that the Ethereum community, particularly heavy ETH holders, would allow this support to falter easily.
ETH is becoming worthlessETH's value is derived from the estimated present value of its future free cash flows,
ETH's flows are based on how busy the network will be in the future, transaction fees..
If fees are high DeFi gets build elsewhere on other chains.
If fees are low, ETH has no future free cash flows > This measn ETH can not succesfully scale for it to be a valuable token.
Follow the Ethereum vs. Bitcoin ETHBTC chartFollow the Ethereum vs. Bitcoin ETHBTC chart
A support line that has been ongoing since 2016 has been broken
The price must maintain the support of 0.04916 and not close the weekly below it
ETHBTC at a cycle bottomBINANCE:ETHBTC appears to be reaching a cycle bottom. Sentiment is quite sour (and for good reason). But has things really changed? Just seems like a typical decline while Monthly RSI as at the same level as 2019 with very similar timeframes. Total value locked in DeFi is increasing. Volume is picking up while DEFI dominance is steady, i call that bullish divergence.
ETH BTC Looking for Ending DiagonalTo further my last post on the fib resistance fan. What I think is an Elliott Wave count, focusing on the end part more so. Looking for an Ending Diagonal breakout about the last wave 4.
Breakout ETH v BTC Speed Resistance Fan Continuous downtrend ETH v BTC.. A probable breakout using speed resistance fan. ETH the underdog at the moment however, strength above 0.75 could be a trend turn. One to keep an eye out in my opinion.
ETHBTC generational bottomweekly rsi div
oversold asf
eth rotation will be glorious and most hated rally
renewed etf optimism regardless of security ruling
friendtech/base ecosystem explosion
black rock and larry fink and co will shill my bags
top marked by vitalik getting a gf
remilio
ETH/BTC IDEAMaybe BTC is gonna slow down soon and ETH will finally catch up and bring other alts to new ATH ?
look this is ETH/BTC HTF chart
looks very interesting
just an idea
educational purpose only
nfa
Structures ComparisonBTC/USD & ETH/USD; two pairs were behaving similarly. If this comparison lasts, we`ll soon see a BTC price pump.
(Speculative) !
ETH/BTC Price Movement AnalysisWe are considering the movements of the ETH price relative to the BTC price.
On the chart of ETH movement relative to BTC, we can identify a specific range where the support level is at 0.04885 BTC, and the resistance level is at 0.08869 BTC. When the price reaches the support level at 0.04885 BTC, a confident bounce is observed, followed by further growth.
Currently, ETH has bounced again from the support level and is in a consolidation phase, which may precede a more significant rise in ETH compared to BTC in the medium term.
However, it is important to note that there may be obstacles to the price, including the volume level at 0.06811 BTC. This level is in the middle of the range and could serve as a profit-taking point for market participants.
