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Ethereumforecast

Bullish ☀️ Shines on ETH, Upside Potential For The Entire WeekThe deadline for the Securities and Exchange Commission (SEC) to decide whether to approve or reject eight spot Ether ETF applications on its table lapses in less than two months. However, there seems to be little contact with the concerned asset managers, contrary to last fall prior to the approval of the first nine spot Bitcoin ETFs in the US. “Re Eth ETF approval, we are holding the line at 25% odds altho tbh it is a very pessimistic 25%. The lack of engagement seems to be purposeful vs procrastination. No positive signs/intel anywhere you look. Personally hope they do approve it but it just ain't looking good,” Bloomberg’s ETF analyst, Eric Balchunas, said. The Chief Legal Officer of Grayscale, Craig Salm remains confident of their approval. “In the final months leading up to #Bitcoin ETF approval, @Grayscale and others received positive and constructive engagement from the SEC. We had thoughtful conversations and discussed the finer details of creation/redemption procedures, cash v. in-kind, APs, LPs, custody etc.” “All of these issues were figured out and are identical when comparing spot #Bitcoin to #Ethereum ETFs. The only difference is rather than the ETF holding bitcoin, it holds ether. So in many ways, the SEC already has engaged and issuers simply have less to engage on this time,” Salm added. The price of Ether fell 1.4 percent to $3,609 over the past 24 hours. Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with a bullish sun shining over Bitcoin and Ether. Bearish clouds, signaling downside risks, linger over Ripple’s XRP, Cardano and Binance Coin. The forecast is sunnier over a one-week horizon, with all cryptocurrencies covered by ATTMO likely to profit from upside potential, Ethereum included. Follow us for more crypto weather news and reports!
BITSTAMP:ETHUSDLong
by ATTMO
ETH 24-Hour Upside ☀️ Consolidation in 3-7 Days ⛅A new Ether upgrade is being considered by its developers, just weeks after the successful launch of the Dencun upgrade on the Ether mainnet. The scope of the Electra upgrade, as this new upgrade is called, will be made in the coming 1-4 weeks, Christine Kim, Vice President at Galaxy announced. “There is the intention to have functional prototypes and devnets of Electra at some point in May and we're closing at the end of March,” according to the write up of the latest Ethereum developers’ consensus call. A bullish sun shines over the global crypto market in the next 24 hours, indicating upside potential for all coins covered by ATTMO with the exception of Dogecoin. Over the coming week, the trading conditions will be mixed with most coins continuing to profit from the bullish outlook. However, bearish clouds will linger over Ether, Cardano and Polkadot over this medium-term horizon, signaling a downward risk. Follow us for more crypto news and weather reports!
BITSTAMP:ETHUSD
by ATTMO
Ethereum Retracement potential? 🤔Ethereum! Anticipating a retracement from Weekly Zone 3,519$ and monthly zone 3,346$. Wow! What an ascent that we have observed in recent weeks. A bull market typically has healthy retracements from profit taking and to clear late buyside liquidity. Gathering liquidity is necessary to continue the upside campaign and so we may retrace and consolidate for some time before the train continues. All other technicals explained in the video. Please share your feedback if this analysis was useful.
COINBASE:ETHUSDShort
by ShrewdCatfx
5
Google Expands Crypto Visibility with Etherscan IntegrationIn a significant move that underscores its growing interest in the cryptocurrency domain, Google ( NASDAQ:GOOG ) has announced its integration with Etherscan for Ethereum Name Service ( NYSE:ENS ). This collaboration is poised to revolutionize the crypto landscape, offering enhanced visibility and accessibility for Ethereum users worldwide. The integration, unveiled recently, allows Google ( NASDAQ:GOOG ) users to delve deeper into Ethereum transactions by incorporating ENS domains directly into their search results. What began as a feature enabling users to search for specific public addresses and view wallet balances has now evolved into a comprehensive service encompassing ENS domains. This expansion marks a pivotal moment for crypto enthusiasts, streamlining the process of navigating the Ethereum blockchain. Former ENS core team member Brantly Millegan highlighted the significance of this integration, emphasizing its potential to elevate the crypto experience for users. However, while the integration promises greater convenience, some users have reported sporadic availability issues. Notably, the feature appears to function more reliably in private browsing mode or when logged out of Google services, prompting discussions around optimization and accessibility. The enhanced service details offered through Google's integration with Etherscan are poised to transform how individuals engage with Ethereum transactions. Users can now seamlessly search ENS domains and view wallet balances associated with blockchain addresses, all within the familiar interface of Google search results. This not only simplifies the process of conducting transactions but also amplifies crypto visibility, making it more accessible to mainstream users. Yet, amidst these advancements, questions around data privacy and security loom large. As Google ( NASDAQ:GOOG ) deepens its integration with blockchain platforms like Etherscan, stakeholders must remain vigilant about safeguarding user data and ensuring robust security measures. Balancing innovation with accountability will be paramount as these developments reshape the cryptocurrency ecosystem. Beyond Google's collaboration with Etherscan, recent developments within the Ethereum community have captured attention. Reports of the Ethereum Foundation facing scrutiny from a State Authority inject an element of uncertainty into the market, underscoring the need for transparency and regulatory compliance. Meanwhile, updates emanating from the protocol's GitHub repository signal ongoing evolution within the Ethereum ecosystem, reflecting its dynamic nature. Technical Outlook Alphabet Inc. ( NASDAQ:GOOG ) reacted to the integration news by surging 1.95% in Friday's Market trading with a positive Relative Strength Index (RSI) of 65 indicating a strong buying bias. NASDAQ:GOOG is also trading above the 200-day Moving Average (MA). Despite a recent dip in trading volume, Ethereum's live price remains resilient, indicating resilience amidst market volatility.
NASDAQ:GOOGLong
by DEXWireNews
Bearish Short-term but Bullish in Mid-term for investors🔎 Fundamental analysis (📈 Bullish) The Ethereum team completed the Cancun-Deneb ("Dencun") upgrade after switching to proof-of-stake (PoS) 18 months ago. Shortly, this upgrade changed how data is stored on Ethereum, making it significantly more accessible and also cheaper to record layer 2 transactions. 👨🏻‍💻 Technical analysis (📈 Bullish) On a daily timeframe, Ethereum is in an uptrend. There are gaps in the Guppy (GMMA) indicator between short-term EMA’s and long-term ones, with a bounce back on March 5th. There’s no trend-reversal indicator appeared yet. Let’s examine the Fib retracement indicator to determine additional purchase levels. During a correction, the 0.236 (3483$) and 0.382 (3111$) levels are two levels to consider. Consider shorting if the price breaks to 0.236 (3483$) with TP above 0.382 (3111$). Then, bouncing back to 0.236 (3483$) is expected with the following breakthrough. 3000$ level is considered a major support level and a psychological level. 💭 Sentiment analysis (📈 Bullish) At this moment, the Fear and Greed Indicator is equal to 77/100 (Extreme Greed), and the Market Cap of the entire Crypto Market today (18th March) is $2.682 trillion. The Greed/Fear Index has decreased by 4 pips compared with the previous week which means the buyers are still greedy enough to maintain the current uptrend. 👥 Please share your thoughts or criticism about this idea in the comments below. Your opinion matters, and it'll be helpful for the community to understand a broader picture and shape a more objective vision of the asset's price ---- Disclaimer: The information provided is for educational purposes only and should not be considered financial advice. Trading carries risk, and past performance is not indicative of future results. Conduct your research before making any investment decisions
BINANCE:ETHUSDLong
by kostandy
4
Cryptolean Ethereum ETH Update Ethereum sentiment in the daily chart turned to neutral. A bullish break-out of $3,275 and a sustained price action above this level will send ETH price towards $3,837-$4,054. A sustained price action below $3,275 will push Ethereum price towards $2,800. Intraday Chart The ETHUSDT 4-Hour chart is strongly bearish and broke down through key intraday support zone of $3,183-$3,297. A bullish break-out of $3,183-$3,297 will push Ethereum price back to the key resistance at $3,594. A sustained price action below $3,183-$3,297 will push #ETH price to the key support zone of $2,910-$3,036.
by Trade-Lean
2
Ethereum - Two ScenariosHello Traders, welcome to today's analysis of Ethereum. -------- Explanation of my video analysis: After the expected break and retest on Ethereum in 2022 we already saw a quite nice continuation towards the upside. Right now Ethereum is approaching the previous all time highs and there might be the possibility that we will see a short term retracement. On the other side though, Ethereum could just follow Bitcoin's price action and break above the previous highs. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
CRYPTO:ETHUSD
by basictradingtv
6
ETH - Up or Down Post Dencun Upgrade?The highly awaited implementation of Ethereum’s Dencun upgrade just happened. It will not only drastically cut the Ethereum blockchain’s transaction costs (gas fees), but also optimize data storage. Read more about the upgrade’s positive implications for users, developers and the Ethereum ecosystem as a whole here. The price of Ether rose 0.8 percent to $4,058 over the past 24 hours. The bullish sun continues to shine over large parts of the global crypto market, including Bitcoin and Ether, in the next 24 hours and week. This signals further upside potential, according to ATTMO. Avalanche bucks this positive trend and will face bearish clouds or downside risks in the 24 hours ahead. Follow us for more crypto news and weather reports!
BITSTAMP:ETHUSDLong
by ATTMO
3
Do you believe that Ethereum - 1 ETH can cost $28k ?Here is our global vision of possible the Ethereum price movement in the coming years. On the chart, assumptions according to the Elliot wave analysis The current wave of growth is probably not over yet. But whether it will reach $3000 or $4800, we will be able to adjust it based on the move dynamics of the ETH price in the future. Then will be the correction, which will need to be calculated more accurately based on the maximum of the current growth wave, will be made. But roughly speaking, in 2024, the ETHUSD price should no longer fall below $2000-2500. Years have passed, and now we can say with certainty that Ethereum has the status of a stable "silver" in the crypto market. (all direct competitors from 2015-2017, such as LTC, DASH, BCH, etc. who were predicted to have this status in certain periods, have clearly deflated and failed to meet the expectations of crypto users) Therefore, it is no longer correct to dream of super growth for the price of ETHUSDT, but modest x10-x15 for a possible future 2-year growth cycle, why not?) What do you think about this wave analysis and are you ready to hold and sell your ETH in the range of $27000-28000 ?) Write in the comments _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
18
Ethereum Surges to $3,800 Milestone Ahead of Dencun Upgrade 🚀💻Ethereum ( CRYPTOCAP:ETH ) has soared past the $3,800 mark, marking its highest price since December 2021, fueled by anticipation surrounding the imminent Dencun upgrade. As the cryptocurrency landscape undergoes rapid evolution, Ethereum ( CRYPTOCAP:ETH ) stands tall as a beacon of innovation and potential, captivating investors and enthusiasts alike. Ethereum's ( CRYPTOCAP:ETH ) meteoric rise above $3,800 signals a resurgence in investor confidence, with the cryptocurrency poised for further gains in the days ahead. Despite a slight pullback from its peak, Ethereum ( CRYPTOCAP:ETH ) continues to trade robustly at $3,796.53, reflecting a 2.8% increase for the day, according to data from CoinGecko. The surge in Ethereum's ( CRYPTOCAP:ETH ) price coincides with a remarkable increase in staked Ethereum ( CRYPTOCAP:ETH ), surpassing $116 billion earlier this week, marking a 9% uptick since the start of the year. With over 31 million ETH currently staked, valued at over $119 billion, Ethereum's ecosystem demonstrates unwavering resilience and vitality. At the heart of Ethereum's ( CRYPTOCAP:ETH ) upward trajectory lies the eagerly anticipated Dencun upgrade, poised to introduce transformative features designed to enhance efficiency and reduce costs. Among these features is the introduction of "blobs," which streamline transaction data off-chain, minimizing storage and processing expenses. Ethereum ( CRYPTOCAP:ETH ) core developer Mario Havel lauds the upgrade's potential to revolutionize data handling, paving the way for enhanced scalability and cost-effectiveness. Moreover, the Dencun upgrade brings forth EIP-7044, an Ethereum ( CRYPTOCAP:ETH ) Improvement Proposal enabling validators and stakers to automate exit strategies in case of node inactivity. This innovative feature empowers participants to proactively manage their positions, mitigating risks and optimizing performance in Ethereum's dynamic ecosystem. As Ethereum ( CRYPTOCAP:ETH ) charts new highs and prepares for the transformative Dencun upgrade, excitement reverberates throughout the crypto community. Investors and enthusiasts alike eagerly await the deployment of these groundbreaking features, anticipating enhanced functionality and broader adoption for Ethereum. In the ever-evolving landscape of cryptocurrencies, Ethereum ( CRYPTOCAP:ETH ) remains a trailblazer, driving innovation and shaping the future of decentralized finance. With each milestone achieved, Ethereum reaffirms its status as a cornerstone of the digital economy, poised to redefine the possibilities of blockchain technology and usher in a new era of financial empowerment.
BINANCE:ETHUSDLong
by DEXWireNews
4
ETH to $4,000 Before Dencun Upgrade? ☀️☀️☀️The price of Ether rose 1.2 percent to $3,854 over the past 24 hours ahead of the implementation of its Dencun upgrade next week. This upgrade will slash Ether’s transaction fees (also known as gas fees) which currently are at the highest level since May last year.  Separately, the SEC is seeking comments on BlackRock and Fidelity’s spot ETH ETF applications, notably asking whether Ether’s proof of stake mechanism and concentration of control raise concerns about potential fraud and price manipulation. Interested third parties have 35 days to file their comments. “I think it is inevitable Ether is next,” the co-founder and co-CEO of HANetf Hector McNeil told cryptonews. “If Bitcoin can be approved and meets all the liquidity and asset class thresholds then Ether qualifies.” A bullish sun continues to shine over Bitcoin and Ether in the next 24 hours and week, signaling additional upside potential. Litecoin, Binance Coin, Polygon and Uniswap should also benefit from this positive trading trend, ATTMO shows. Dogecoin, Avalanche and Polkadot face bearish clouds and downside risks over the next 24 hours but should profit from the bullish sun over the longer one-week horizon. The opposite is expected for Ripple’s XRP and Cardano, where there is upside potential in the short term and downside risks in a week’s time. Follow us for more crypto news and weather reports!
BITSTAMP:ETHUSDLong
by ATTMO
1
Ethereum (ETH) Heading Towards All-Time HighTechnical Analysis: Price Action: Ethereum has been consistently forming higher highs and higher lows, indicating a strong uptrend. The recent price action suggests a clear bullish bias. Key Support and Resistance Levels: The cryptocurrency has found strong support around the $3,000 level, with buyers stepping in to defend this zone multiple times. On the upside, the previous all-time high around $4,300 serves as a significant resistance level. Moving Averages: The 50-day and 200-day moving averages are both sloping upwards, further confirming the bullish momentum. The current price is well above both these moving averages, indicating a strong bullish sentiment in the market. Volume Analysis: Volume has been relatively high during the recent uptrend, signaling increased participation from buyers. This validates the bullish move and suggests that the trend may continue. Outlook and Trading Strategy: Given the current market conditions, Ethereum appears poised for further upside potential. As long as it holds above the key support level around $3,000, the bullish trend is likely to continue. Short-term traders may look for opportunities to enter long positions on pullbacks towards the support level, with targets set towards the previous all-time high and beyond. Long-term investors may consider accumulating Ethereum on dips, considering its strong fundamentals and potential for future growth. However, traders should remain vigilant and monitor price action closely, as unexpected developments in the broader cryptocurrency market or changes in market sentiment could impact Ethereum's price trajectory. In conclusion, Ethereum's journey towards its all-time high is marked by strong bullish momentum and positive market sentiment. As long as it maintains its current range and key support levels, the path seems clear for further upside potential in the near term.
Long
by SwingSamurai_QMA
1
ETHEREUM UPDATESThe ethereum keep price pushing upwards. If you hear the latest updates on this coins, banks/etf is on the run maybe, or it will be approved or already being approved. This idea base on distributions after the pre-supply being seen with a large selling at 3000$ level, previous idea last year closed, price predictions at 2600 and 3000 level reached. Now price has still room on 3600$ range. Keep updated for more longview. I will update this idea if price reached there! Trade it or own it. This is not a financial advice, Follow for more!
BINANCE:ETHUSDLong
by D1GITALTRADES
2
ETHEREUM UPDATES REDISTRIBUTIONOn higher context CRYPTOCAP:ETH coin might test the 2900-3000 level, for redistributing its coin. This idea base on redistribution. Im looking below again $600 this is not a financial advice. Trade at your own risk. for now price reach the 50% since the price drop. so we might test the 60% zone. Trade it or own it. This is only my view. NOt giving a context on economics outlook like eth etf, if that happens then institutions want more positions at lowest level.
BINANCE:ETHUSDShort
by D1GITALTRADES
8
Chart Patterns (Lesson 1)~ The Misleading Rising Wedge The Misleading Rising Wedge on Ethereum Over the past few weeks a prominent trader who I admire has been adamant about Ethereum forming Rising Wedge, which is a bearish reversal pattern. I disagreed with this view but acknowledged the concern raised as any reasonable trader would. However, It caused me a bit discomfort as I have a large position in Ethereum since 2022 BUT I stuck to my guns and held my position. Folks, this wedge caused me enough discomfort that I needed to dig a little deeper on it and what I found is surprising to say the least. So lets have a look at THE WEDGE. What is a Wedge Formation? “Wedges are clearly defined patterns of converging price trend, pointed sharply up or down; they forecast a reversal of the trend which forms them”. From Richard Schabacker - Technical Analysis and Stock Market profits. The Rising Wedge will have slightly higher highs and higher lows compressing into an upward leaning point. The Rising Wedge is typically viewed as a bearish reversal pattern as it demonstrates waning price action with smaller thrusts and smaller declines showing a potential exhaustion of price action followed by a sweeping reversal. The Ethereum Dilemma On the 4th December 2023 I shared the below picture to illustrate a dilemma, was price forming a Rising Wedge (Bearish Pattern) or an Ascending Triangle (Bullish Pattern)? Turns out either way it’s not necessarily bearish as a Rising Wedge can continue in an upwards trajectory and breakout to the upside. I have found 4 examples of bullish Rising Wedges that are recent or relevant, I tried my best to find similar price action and structure also. The four Rising Wedges in the main chart above have a few characteristics that give them an upwards breakout plausibility; 1. Most importantly the On Balance Volume (OBV) indicator is rising. Increasing volume helps the plausibility of continued upwards momentum, whilst decreasing volume would warrant caution of a possible breakdown and reversal of price direction. Remember the Rising Wedge is defined by waning and exhaustive price action (smaller thrusts and declines compressing to a point) and declining volume is suggestive of such exhaustion/lack of interest. - Going forward we should carefully monitor the volume on Ethereum as Schabacker does warn of false break outs and false break downs in Wedges. In the event volume starts to decline, breaking its trendline or taking out recent lows, this could be an early warning sign that we need to reduce position size and prepare to exit. Just something to keep in mind. - The volume on Bitcoin and Ethereum for the Rising Wedge bullish thesis is a little rocky compared to the BlackRock and Ultratech charts volume which both have more consistent upward volume pressure. Just another observation. 2. All four charts have a 200 weekly moving average that is slopping upwards with price above it or price eventually establishing above the 200 week. 3. Each target is a measured move by taking the widest two touch points on the thickest side of the wedge and placing that length of width at the breakout point to establish the target (red arrows on charts). 4. The top two charts (BlackRock and Ultratech) show that price struggled once it met the prior all time high. These were stiff resistance areas for price either in the wedge or immediately the wedge for 21 – 26 weeks of consolidation price action. - In the event this happens with CRYPTOCAP:ETH , we could see significant resistance at $4,600 (All Time High) for a period of 20 odd weeks or something similar. We could at minimum expect resistance at this level as wedges identified illustrate this is a possibility. 5. Another clear pattern on all four Rising Wedges is that prior to wedge formation, the price reached an All Time High, then significantly declined to form the base of the newly forming wedge. I would also argue that the compression or underside angle in all four charts is to a greater degree than the compression from the ceiling forming on the wedge. I realize this is open to your perception, but that’s how I see each charts pattern. We are now aware that Rising Wedges can be bullish formations and that increasing volume contributes positively towards the possibility of a break to the upside. You might still be wondering…which was Ethereum an Ascending Triangle or a Rising Wedge. Let’s ask Schabacker.... I would argue that Schabacker’s description below may indicate that Ethereum was in in fact forming an Ascending Triangle. Schabacker advises under the heading THE WEDGE MUST BE STRICTLY DEFINED “The Wedge must point sharply up or down. A converging pattern which is projected on the chart in a nearly horizontal direction is more apt to partake of the nature of a true triangle, and the student will note that the forecast in that case would be quite different” Ethereum’s Wedge was not pointing “sharply up” and you could argue that the line was “nearly horizontal” either by degrees or by selecting other very close points of contact. Combine with this my earlier observation that the price underside compression angle was far greater that the upper lines weak slant. A major reassurance to me in this ETH trade was when I discovered that increasing volume can offset the bearish tone of a rising wedge. It gave me something to monitor and helped keep me on the right side of probability. I really hope this short review of rising wedges can help you stay on the right side of probability. PUKA
NYSE:BLKLong
by PukaCharts
2