ETHUSDT - 10/10/20 METHOD 📉Hi Traders, Investors and Speculators of Charts📈
The scope of corrections (in other words the percentage) is different from one chart to another. On ETH, we see an interesting trend in terms of pullbacks - two smaller corrections before a bigger pullback. This leads me to the conclusion that the next pullback on ETH may only be around 10%.
From a technical indicator perspective, we can clearly confirm that ETH is trading bullish from a macro perspective, along with the rest of the market:
Incase you missed it; here's yesterday's update on DOGECOIN:
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BITSTAMP:ETHUSD BINANCE:ETHUSD BINANCE:ETHUSDT
Ethereumforecast
ETH Upside Potential in the Next 3D & 1W, $3K & Up? Galaxy Digital acquired 26,000 Ethers on Tuesday, worth around $76 million at today’s price, on-chain data from Lookonchain shows. This pushed the price of Ether above the $3,000 threshold for the first time since April 2022, before falling back.
“$3,000 for Ethereum. To be honest, it’s still undervalued to #Bitcoin. Given the valuation of Bitcoin at $52,000, it would be normal to have a valuation of $3,800 per $ETH. The upside is gigantic,” said the CEO of MN Trading Michaël van de Poppe.
“The Ethereum rally is supported by the March Dencun upgrade but, more importantly, by the expectation that a) the Bitcoin halving is bullish for crypto and b) that Ethereum ETFs will be approved by the SEC” in May, the Head of Research at 10x Research, Markus Thielen, said in a research note.
Ether rose 0.5 percent to $2,943 over the past 24 hours. A bullish sun shines over both Bitcoin and Ether over the course of the next 3 days and week, indicating upside potential. Binance Coin and Dogecoin should also profit from this bullish trend, ATTMO shows.
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Ethereum- A probable 20% rise
After reaching a peak above $2700 and experiencing a typical correction, BITSTAMP:ETHUSD performed well technically. It remained above the support levels between $2150-2200 and yesterday, it finally broke through the $2400 resistance.
The current outlook for EthUsd is strongly bullish. As long as the price stays above the $2400 zone, we can anticipate a continuation of the upward trend with a target set at $3000. Moreover, such a trade would offer a risk-to-reward ratio of more than 1:3.
ETH → Ethereum Falling to $2,200!? A Prime Short Opportunity!Ethereum has reached the Resistance Zone at $2,850 and has shown the first signs of resistance. Should we enter a short?
How do we trade this? 🤔
The conditions are such that we should be looking for a short entry. We have three pushes up since the start of the last bull leg from $2,200, a strong Resistance Zone at the current price, and an RSI that is overbought at 78.00. We are in the potential short territory but need the sell signal and confirmation prior to entering a short.
Wait for the price to fall sharply and watch the candles after. It's likely we'll get a re-test of the $2,850 area before another sell bar occurs. Once that sell bar occurs, a 1:2 Risk/Reward Ratio is available to us if we enter the market at around $2,825. Set your stop loss into the Resistance Zone above the previous high and target 1:2 R/R for a take profit in the $2,350.
💡 Trade Idea 💡
Long Entry: $2,825
🟥 Stop Loss: $3,025
✅ Take Profit: $2,350
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. We have three pushes up since the start of the last bull leg from $2,200
2. Early signs of resistance at the current level
3. Strong Resistance Zone at the current level
4. Gap to the Support Zone
5. RSI is overbought at 78.00 and above the Moving Average, supporting the drop in price
💰 Trading Tip 💰
The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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Peter Thiel's Founders Fund Dives Back into Crypto with $200 MilA Bold Bet on Bitcoin and Ethereum ( CRYPTOCAP:ETH )
In a move that signals Silicon Valley's renewed enthusiasm for cryptocurrency markets, Peter Thiel's Founders Fund has made a staggering $200 million investment in crypto tokens, with half of the sum allocated to Bitcoin and the other half to Ethereum ( CRYPTOCAP:ETH ), the two largest cryptocurrencies by market capitalization. This exclusive investment, previously undisclosed, underscores institutional investors' resurgence in token investments, marking a significant comeback for the crypto industry after a tumultuous period marred by regulatory uncertainties and market volatility.
Founders Fund, renowned for its early investments in groundbreaking companies such as SpaceX and Meta, has a long-standing history with cryptocurrency. As one of the earliest institutional backers of crypto, the firm aggressively entered the market in 2014, only to strategically liquidate its holdings before the market downturn in 2022, yielding substantial returns of about $1.8 billion. However, with the recent resurgence of bitcoin and Ethereum ( CRYPTOCAP:ETH ) prices, Founder's Fund has seized the opportunity to re-enter the market, initiating purchases when bitcoin was trading below $30,000 last summer and continuing to accumulate over subsequent months.
The decision to reinvest in crypto reflects Founders Fund's confidence in the long-term potential of digital assets, particularly bitcoin and Ethereum ( CRYPTOCAP:ETH ). Peter Thiel, a vocal advocate of bitcoin and blockchain technology, has consistently championed the role of cryptocurrency as a store of value akin to gold and a hedge against central banks' monetary policies. His libertarian beliefs and commitment to technological innovation align seamlessly with the ethos of the crypto ecosystem, making this latest investment a natural extension of Founders Fund's investment strategy.
Despite the challenges faced by the crypto industry in recent years, including the collapse of major exchanges and regulatory crackdowns, institutional interest in digital assets has steadily grown. The resurgence of bitcoin, reaching $50,000 for the first time in over two years, underscores renewed investor confidence and signals a bullish outlook for the future of cryptocurrency markets.
Joey Krug, who joined Founders Fund as a partner in April 2023 to spearhead crypto investing efforts, brings a wealth of experience and expertise to the firm's crypto portfolio. With over $12 billion in assets under management, Founders Fund is well-positioned to capitalize on emerging opportunities within the crypto space, leveraging its extensive network and strategic insights to drive value for investors.
As institutional investors increasingly recognize the inherent value proposition of cryptocurrencies, Founders Fund's bold $200 million investment in bitcoin and Ethereum ( CRYPTOCAP:ETH ) reaffirms the growing mainstream acceptance of digital assets as a legitimate asset class. With Silicon Valley once again embracing crypto markets, the stage is set for continued innovation and growth, marking a new chapter in the evolution of decentralized finance and blockchain technology.
ETHUSDT: Is ETH About To Kick Off It's Next Bull Run?Hey everyone!
2023 turned out to be a great year, as expected!
2024 shaping up to follow similar footsteps.
ETFs are providing an on ramp for traditional finance money to enter the space, with the ETFs accumulating over 9B of capital in under a month.
As I was doing HTF analysis on ETH, this fractal comparison came to light.
Since I've seen it, I can't unsee it
1. Exact same ABC correction marks cycle bottom
2. 5 wave structure under bear market resistance
3. 2 rejections under bear market resistance (wave 1 & 3)
4. Fifth wave breaks bear market resistance
5. Exact same retest on 50 EMA & previous bear market resistance
Maybe the ETFs speed up the usual "halving pattern"?
This charts say 3K+ en route soon, invalidation being a break of the key!
Thanks for reading, please comment and like!
ETH Bullish Forecast 🌞 - Upside Potential Over the Next WeekThe Securities and Exchange Commission (SEC) has, as expected, delayed its decision of Invesco’s and Galaxy’s applications for spot Ether exchange traded funds (ETFs).
“The only date that matters for spot #ethereum ETFs at this time is May 23rd. Which is @vaneck_us's final deadline date,” noted Bloomberg’s ETF analyst James Seyffart.
The price of Ether rose 2 percent to 2,368 dollars over the past 24 hours.
Trading conditions will be mixed on the global crypto market in the next 24 hours, with Bitcoin, Ripple’s XRP, Cardano and Avalanche facing bearish clouds and downside risks according to ATTMO. As for Ether, Litecoin, Binance Coin and Dogecoin, they should all profit from a bullish sun and upside potential.
Over a one-week horizon, this bullish sun will shine over Bitcoin, Ethereum and Chainlink, while the other altcoins covered by ATTMO are set to face bearish clouds.
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ETH Short-Term Bullishness ☀️; Bearish Trend in 3 Days ☁️Mixed trading conditions lie ahead in the next 24 hours, with Ethereum and Binance Coin profiting from a bullish sun, indicating upside potential. The price of Ether already added 1 percent to 2,330 dollars. Yet, bearish clouds are lingering over Bitcoin, Litecoin, XRP and Avalanche in the next 24 hours.
Over a one-week horizon, the trading conditions will improve for Bitcoin, which should profit from this bullish sun. However, most of the other altcoins covered by ATTMO will face bearish clouds and downside pressure over this longer time horizon.
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ETH Sees Bullish ☀️ In the Next 24 Hrs; Bearish ☁️ In 1 Week Ethereum, Ripple’s XRP and Cardano will profit from a bullish sun in the next 24 hours, according to ATTMO.
The Hong Kong-based asset manager Venture Smart Financial Holdings (VSFG) plans to apply for a spot Ether ETF in Hong Kong during the second quarter, conditional on the approval of its spot Bitcoin ETF during the first, the Block reports.
The price of Ether rose 1.5 percent to 2,306 dollars over the past 24 hours.
Meanhile, Bitcoin, Binance Coin and Avalanche are set to face bearish clouds over the same time horizon.
Over a one-week horizon, this bullish sun will shine over Bitcoin, Dogecoin and Polygon, signaling upside potential. Bearish clouds will, however, sweep over Ether, Litecoin, XRP, Cardano and Binance Coin, indicating downside pressure ahead.
ETH Bullish Day and Week Ahead ☀️Cryptocurrencies rallied over the past 24 hours as investors poured in fresh cash, bolstered by the benchmark S&P 500 index hitting a new all-time high on Monday. They are also waiting for new signals from the Federal Reserve meeting up on Wednesday, regarding the up-coming rate cuts in the US.
The price of Ether was up 2.5 percent over the past 24 hours, and it has even more upside potential over the next week. According to ATTMO, a bullish sun will shine over Ethereum, Bitcoin, Binance Coin and Ripple’s XRP in the next 24 hours, while bearish clouds will linger over Avalanche, Dogecoin and Polkadot.
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ETHUSDPair : ETHUSD ( Ethereum / U.S Dollar )
Description :
Completed " 1234 " Impulsive Waves and Rejecting from Daily Demand Zone or Fibonacci Level - 38.20%. Break of Structure and Completed the Retracement. Break out of Upper Trend Line of Consolidation Phase to make Fake Breakout. Strong Divergence in RSI
ETH When will the Ethereum selloff end??I've previously mentioned in an ETH trading idea that the Bitcoin ETF approval would be a 'buy the rumor, sell the news' event for Ethereum as well:
Now we observe a continuation pattern with bearish Elliot Wave price targets.
Elliott Wave Theory is a technical analysis approach that attempts to identify and predict market trends by recognizing recurring wave patterns in financial markets. Developed by Ralph Nelson Elliott in the 1930s, the theory is based on the idea that market movements follow a series of repeating patterns and cycles.
Elliott Wave theory often incorporates Fibonacci retracement and extension levels to identify potential reversal or continuation points within the wave patterns.
In this case Elliott Wave`s price target for ETH is about $2330.
ETH ETHEREUM Technical Analysis and Trade IdeaEtherium has entered a notable support zone, prompting a discussion in this video regarding two potential trade scenarios. The first involves the market being somewhat overextended, presenting a potential buy opportunity as it interacts with support. The second scenario considers a retracement back up into resistance, offering a potential sell opportunity. Throughout the video, we analyze the prevailing trend, market structure, and price action. It is important to note that this content should not be construed as financial advice and is intended solely for educational purposes.
ETH - Bearish ☁️; Price Under Pressure? Time to Short? Bearish clouds and rain linger over the global crypto market in the next 24 hours, indicating downside risks. Particularly Ethereum will come under pressure, ATTMO shows. The price of Ether fell 5 percent to roughly 2,230 dollars.
Ripple’s XRP, Cardano and Dogecoin, however, have upside potential over this time horizon.
Over a one-week horizon, the bearish trading trend will extend to all crypto coins covered by ATTMO, with the exception of Dogecoin which is likely to have additional upside potential.
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ETH Ethereum Potential Rally soon!I told you about the 'buy the rumor, sell the news' strategy on Ethereum after the Bitcoin ETF approval in the last article
We approached the price target of $2330 last Friday, and I believe that was the last dip for now!
With the stock market at an all-time high, I anticipate crypto assets to follow suit.
Elon Musk is likely to implement Bitcoin, Ethereum and Dogecoin to his new platform, X Payments.
So, yes, exciting times ahead!
According to Elliott waves, the price target for ETH should be $2600.
ETH - Time For PULLBACK /Buy Back Zones📉Hi Traders, Investors and Speculators of Charts📈
Ethereum has recently taken the spotlight with an amazing 21% increase. If you missed the rally, don't worry! Look for a lower buy back zone while ETH undergoes a correction back to support zones.
From a 4h perspective, there is a clear local topout meaning sellers have taken control. There is a strong resistance zone at 2800, and the price will have to find support lower before attempting to go to 3k.
I've pointe out two potential bounce zones / support areas / buy back zones for Ethereum to test before reattempting 3K resistance zone.
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BINANCE:ETHUSDT
Ethereum Accumulations Soar As ETH Price Slips Below $2,500Ethereum, one of the most prominent tokens, witnessed significant whale accumulations as CRYPTOCAP:ETH price continues to record a fall.
In an exciting turn of events witnessed within the cryptocurrency landscape, Ethereum whale accumulations appear to be on the rise as the token’s price has recently noted a significant downturn. As per on-chain data surfacing over the crypto horizon, two prominent whales appear to be on a buying spree, accumulating Ethereum at price dips. These whales have previously been observed accumulating CRYPTOCAP:ETH at price lows, thereafter selling them at price highs, nabbing noteworthy profits.
Meanwhile, as the accumulations emerge amid the token’s price plunge, market sentiments for Ethereum are taking a thrilling twist, hinting at bolstered prices shortly ahead.
A Closer Look Into The Report
According to the data revealed by Spotonchain, a platform offering blockchain tracking insights, the two whales, 0x347 and 0xc47, accumulated colossal amounts of ETH today, January 19. Aligning with this, the whale 0x347 withdrew 3,600 ETH, worth $8.84 million, from Binance at $2,456. Whereas, the whale 0xc47 accumulated 5,580 ETH, worth $13.76 million, from Coinbase.
Intriguingly, these whales have been noted, accumulating similar amounts of ETH and converting them into profits in the past. The whale 0xc47 returned after two years of dormancy within the market, jotting an estimated gain of $31.1 million with ETH between September 8, 2020, and March 9, 2022. Meanwhile, the whale 0x347 was noted, accumulating ETH during last year’s bear market, further depositing it to CEXs amid price rises.
As of writing, the Ethereum price showcased a significant fall in the past 24 hours, dropping 2.09%, reaching $2,447. Moreover, its weekly chart also showcased a plunge of 4.92%, aiding the whales in buying the dip. However, the token’s 24-hour trading volume marked a substantial upswing of 15.28% and is currently resting at $11.93 billion. The surge in trading activity mirrors the recent whale chronicle, building additional inferences for the token.
ETH Faces Downside Risks; 24H, 3D & 7D Horizons Look ☁️ The latest upgrade of the Ethereum blockchain, Dencun, went live on Wednesday. It did, however, face some technical glitches which were eventually fixed.
The price of Ether dropped 0.3 percent over the past 24 hours to 2,450 dollars.
Mixed trading conditions lie ahead for the global crypto market in the next 24 hours. Bearish clouds linger over altcoins such as Ether, Cardano and Avalanche, as forecasted by ATTMO.
Over a one-week horizon, these cloudy skies will also prevail over Bitcoin and XRP, signaling downside risks. This bearish trading trend will extend over Ether, Litecoin, Cardano and Avalanche.
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