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Ethereum (Cryptocurrency)

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
RAY Opportunity: The Time to Jump In Is Now!D1scord and R3dd1t channels are projecting an impressive 200% probability of gains for RAY in the upcoming moves! Expectations are high that this asset is about to explode, and those positioned now stand to maximize the potential of this pump. Tips to Make the Most of It: 1️⃣ Load up your RAY bags while it’s still affordable. 2️⃣ Focus on Spot, protect yourself from potential liquidations, and stay disciplined. 3️⃣ Follow the signals and seize the opportunity at the right moment. All signs point to a major move on the horizon – RAY is ready to take off! Don’t miss your chance to get in before the breakout. COINBASE:ETHUSD BINANCE:SOLUSDT BINANCE:BTCUSD
Long
by SophiaAnderson
1
DOGE Gov (DOGE) Long-Term PT ~$50 this crypto cycle 100x GainsMy long-term PT for this coin is $50+ and which would put the market cap at about BER:48B which is DOGE's (old coin) CURRENT market cap. Think about it - DOGE Gov has a consistent and long-term meme that will only gain in traction with the D.O.G.E. narrative over the next 90 days and even over the next 4 years. This is one of the strongest memes possible with the MSM mentioning this story every day. Also this token is built on ERC-20 and not Litecoin like the old DOGE. There will be some interesting interplay b/w ETH, DOGE (old), and the meme itself feeding into the DOGE Gov community. This is your 100x coin of this cycle.
Long
by DanOxAm
2
Doge Gov Next Target $1.08 1.618 Fib ExtensionThese are the next major targets for Doge Gov after hitting multiple key Fib levels in the previous pumps. This meme probably has the most power over the next 60-90 days given the insane amount of content that is generated by all of MSM when they mention D.O.G.E. (Elon's new position in the Govt). After $1.08, expect $1.60 in and $2.43 in short order and then $7.50 by year-end or by the time Trump takes office in January. This token will correlate with the old DOGE a lot but eventually will move on its own accord and volition once this meme picks up steam. The official twitter account (@doge_eth_gov) is picking up massive followers every day. Some days it's +10k, currently 80.1k and counting which in crypto world, that is a meme gaining momentum and it'll slingshot higher with this kind of increasing meme community.
Long
by DanOxAm
ADA Cardano: The Time to Act is Now!We’re targeting $1.57 to $2, and the goal is clear: ADA is ready to take off, backed by solid fundamentals and strong signals of an impending major move. Telegram, Reddit, and Discord groups are already organizing for the next big pump, and this is your chance to get in before the price skyrockets. Why is ADA poised to explode? Rising Institutional Adoption Charles Hoskinson, Cardano’s founder, is spearheading a strategic initiative to engage directly with governments and regulators. This paves the way for a multi-billion-dollar institutional market, positioning Cardano as a top choice for companies and governments seeking compliant blockchain solutions. Global Adoption in Emerging Markets Cardano is already making a difference with impactful social and commercial projects in Argentina and Africa, building real-world use cases that create a strong foundation for mass adoption. This growing demand inevitably drives up interest in ADA worldwide. Low Market Cap with Explosive Potential With a relatively low market cap, ADA is perfectly positioned for a breakout. High-impact projects like Cardano tend to attract investors rapidly, and the next big pump could easily push ADA beyond $2 in a short period. Don’t miss out: The time is now. Get in before institutional adoption and global demand push ADA to new heights. This could be your best chance to ride the wave before the next major breakout. 🌟 ⏰ Be ready – ADA is about to soar. Don’t miss this opportunity! 🚀 COINBASE:BTCUSD COINBASE:ETHUSD BINANCE:BTCUSD
Long
by SophiaAnderson
2
CLV: Explosive Opportunity – Don’t Miss the Pump!We’re aiming for $2, and the goal is clear: CLV is about to take off, and the move could happen at any moment. Telegram, Reddit, and Discord pump groups are already preparing for the next big boom, and we’re giving you a heads-up so you don’t miss out. Why bet on CLV now? The token has an extremely low market cap, making it the perfect candidate for a sudden breakout. With so much untapped potential, CLV can easily surpass $1 billion in market value. This week alone, we’ve seen several meme tokens hit billions, and now it’s CLV’s turn. The setup is ready, and the next big move is being planned. Immediate action is key: Don’t miss this once-in-a-lifetime opportunity. Jump in now, load up your bag, and get ready for the pump. The plans are already in motion, and those who act early will reap the biggest rewards. ⏰ The time is now! Join before it’s too late. COINBASE:ETHUSD BINANCE:BTCUSD COINBASE:BTCUSD
Long
by SophiaAnderson
4
ETHUSDT WEEKLY ENTRY SIGNAL LONGHappy weekend, dear hodlers! I hope you’re having a great time and enjoying this wonderful bull run. This is ETH on the weekly time frame. It has passed the 0.382 FIB level and is now at a resistance level that accounts for one-third of all historical price action. Volume is decent, but there’s room for improvement. The trading system is signaling an entry at this level, which aligns with last week’s close. Overall, everything looks promising for a long-term entry for those looking to HODL. I’ll keep this idea updated!
Long
by vagada
Ethereum (ETH) Forming Reversal Patterns with Bullish Potential Head and Shoulders Formation: Ethereum recently completed a head and shoulders pattern, resulting in a corrective decline toward lower levels. Double Bottom Pattern: A bullish double bottom is forming near the $2,918 support level, indicating a potential reversal zone for a long position. Key Levels: Resistance: $3,150 and $3,360 are crucial resistance levels to watch for a breakout. Support: $2,918–$2,881 is the primary support area and a potential accumulation zone. Projection: If the double bottom confirms, ETH could aim for a rally toward $3,360 and potentially higher. A failure to hold the support may lead to deeper retracement. Action Plan: Traders should watch for confirmation of the double bottom or rejection at resistance levels before entering positions.
by melikatrader94
9
ETHEREUM 3900$ is uploading Hello and greetings to all the crypto enthusiasts, ✌ In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for ETHEREUM, 📚💣 We are currently observing a notable surge in trading volume within the cryptocurrency market, which is a strong indicator of increased investor activity and growing market interest. This heightened momentum is likely to translate into further upward movement for this particular stock, especially as the broader market continues to exhibit positive sentiment. 📚🎇 If the key monthly resistance level, which has been clearly marked on the chart, is successfully breached, we would expect the stock to continue its ascent and move towards its final target price. The breaking of this resistance would represent a significant technical signal, confirming that the stock has the potential to reach its projected price objective. 📚🎇💡 Given the current market dynamics and the strength of the technical indicators, this breakout could serve as a catalyst for even greater price appreciation in the coming weeks. Investors should closely monitor this level, as it may determine the next phase of price action for this asset. 📚🙌 🧨 Our team's main opinion is The increased trading volume in the crypto market suggests further upward momentum for this stock. If the key monthly resistance is broken, the price is likely to reach its target. 🧨 Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Long
by MadWhale
4
Point of observation : Whether it can rise above 3265.0-3321.30 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) The HA-High indicator is moving and showing signs of being created. Accordingly, we can see that a high point section is being formed. Therefore, whether there is support near the point where the HA-High indicator is created is an important key. Currently, the HA-High indicator is expected to be created at the 3039.57 point. - The 3265.0-3321.30 section is a section composed of the HA-High indicators of the 1W and 1M charts. The 3438.16 point is the BW(100) point of the 1M chart, and the 3644.71 point is the BW(100) point of the 1W chart. Therefore, it is expected that it will move to renew the ATH only if it rises above 3644.71. - Since BW(0) is formed at the 2895.47 point, if it falls below 2895.47, there is a possibility that it will turn into a downtrend, so caution is required when trading. -------------------------------------------- The creation of the BW(100) line means that the decline has begun. Therefore, the key is whether it can maintain the price by rising above the point where the BW(100) line was created. If not, there is a high possibility that the decline will begin. The BW(100) line, like the HA-High indicator, indicates the high point range. Therefore, if it falls below the HA-High indicator after the BW(100) line is created and shows resistance, it is highly likely that a full-scale downtrend will begin. This downtrend may stop when it touches the HA-Low indicator or the BW(0) line, which are paired indicators. Before that, it may touch important support and resistance points and rise, so you must draw support and resistance points on the 1M, 1W, and 1D charts. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
ETHEREUM: Sub-3k Dip Before Q1 Surge?Currently, I wouldn't be surprised if we see a small retrace from here, as the recent downtrend signal was invalidated by the current reversal. Historically, when this happens, price tends to stay within the range of the previous balance zone before any major expansion. For this move, that would likely be between the 3200–3300 range. I anticipate price will consolidate in this area for the next week or two. If we do see a pullback into the 3k level, this could present a solid opportunity to re-enter, especially since the monthly chart has triggered a bullish signal. This aligns with broader market patterns and signals, Most coins are firing the same signal! Looking ahead, there's a potential for capital rotation into CRYPTOCAP:ETH during Q1, which could drive MARKETSCOM:ETHEREUM to outperform many altcoins again, similar to previous cycles. This is based on analysis of timed expiry consolidations and comparisons with the Solana/SOLETH chart, which indicates a market top might come closer to January or February. If the current trend continues upward, the next major target for CRYPTOCAP:ETH would likely be around the 6k level. ------------------------------------------- In summary, if we're fortunate, we may see ETH dip below 3k one more time before the next major run-up in Q1.
Long
by ZelfTrade
ETHER - Bullish Breakout Ether has shown a breakout after completing Correction Wave ABC. We can expect a Impulse Wave 1 to above level. In next few weeks, we should see above levels as far as below level hold and waves continue. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
Long
by MarketsPOV
ETH/USDT Potential Wave 5 Rally – Targeting $3560 to $3700! 🚀 ETH/USDT Potential Wave 5 Rally – Targeting $3560 to $3700! 🚀 Ethereum has recently completed a corrective ABC structure, retracing from $3449 down to $3016, which appears to have marked the end of Wave 4. Following this correction, ETH seems poised for a breakout on the lower timeframes, which would confirm the start of Wave 5. Key Insights: Wave 5 Formation: After the corrective dip, ETH is set to resume its bullish trend with Wave 5, targeting a minimum extension of 1.272 based on the move from Wave 3 to Wave 4. This suggests a target around $3560 as a conservative estimate, with potential upside reaching $3700. Entry and R/R: With an entry at $3060, the risk-to-reward ratio (R/R) remains attractive, estimated around 5.15 if the breakout completes. This setup offers a favorable trade opportunity with clear upside targets. Price Targets: Wave 5 Minimum Target: $3560 (1.272 Fibonacci extension). Higher Target Zone: $3700 if momentum accelerates. 📈 Conclusion: ETH looks ready to rally into Wave 5 after confirming the breakout. Aiming for $3560+ with an optimal R/R of 5.15, this setup presents a solid opportunity for bulls. Let's see if ETH can ride the next wave up! ⚠️Disclaimer:⚠️ ⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital
Long
by RhinoAkaBear
2