Short

Updated

$ ETH Short to Max to 3000

Objective: I am waiting and not entering as the open interest is high and Believe th
Objective: Monitoring ETH but not entering immediately due to mixed signals. Open interest remains high, and I expect short-term price fluctuations.

[] Technicals: Short-term bearish as ETH shows 0.805 correlation with BTC, which is facing downward pressure.
[] Fundamentals: Competitors like SOL and BNB are outperforming ETH in terms of network scalability and adoption rates.

Open Interest:
High. There is potential for upward movement, but risks remain due to market saturation.

ETH Wallet:
Recent outflows from major wallets suggest accumulation by whales, which is a bullish sign over the long term.

Order Book:

Long Squeeze: High activity near $3,630 suggests bearish short-term sentiment.
Short Squeeze: At $3,793, increased liquidity may drive price upward before liquidation for larger order fulfillment.

Aggregated Orderbook Liquidity Delta:
Currently negative, reinforcing short-term bearish sentiment since yesterday.

Data About ETH:

[] Sector: Decentralized Finance (DeFi), Smart Contracts, and NFTs.
[] Unique Selling Proposition: Ethereum's dominance in the DeFi and NFT space, coupled with a vast dApp ecosystem.
[] Blockchain: Operates on its Layer 1 Ethereum blockchain with future Layer 2 enhancements in progress.
[] Competitors: Solana (SOL), Binance Smart Chain (BNB), Cardano (ADA).

Summary:
Short-term bearish signals dominate due to technical and order book factors. However, wallet outflows and long-term fundamentals suggest accumulation and future upward potential. Monitoring levels at $3,630 (long squeeze) and $3,793 (short squeeze) for potential entry points.

Coin Sector

[] Decentralized Finance (DeFi)
[] Smart Contracts
Non-Fungible Tokens (NFTs)

Coin Information

[] Ethereum is a blockchain platform supporting smart contracts and decentralized applications (dApps).
[] Problems solved:
- [] Eliminates intermediaries in financial services.
  [] Facilitates the creation and exchange of NFTs.
- Supports decentralized finance protocols.

Coin USP (Unique Selling Proposition)

[] Enables complex programmable transactions through Turing-complete smart contracts.
[] Hosts a wide array of decentralized applications across multiple industries.
Supports widely adopted token standards like ERC-20 and ERC-721.

Blockchain

Ethereum operates on its own blockchain.

Coin Layer

Layer 1: Ethereum functions as the foundational blockchain layer for transactions and smart contracts.

Platforms Being Traded On

[] Major platforms: Coinbase, Binance, Kraken, Bitstamp.
[] Upcoming platform launches: No announcements currently.

Project Partners

Enterprise Ethereum Alliance members, including Microsoft, JPMorgan Chase, Intel, and ConsenSys.

Coin Founders

[] Vitalik Buterin: Co-founder of Ethereum, known for his extensive blockchain expertise.
[] Gavin Wood: Co-founder, author of Ethereum's Yellow Paper.
[] Charles Hoskinson: Co-founder, later founded Cardano.
[] Anthony Di Iorio & Joseph Lubin: Key early contributors.

Coin Community

[] Demographics: Developers, investors, and enthusiasts in DeFi and NFTs.
[] Engagement: Active in governance, dApp development, and education.
Strength: Strong, loyal, and supportive community driving innovation.

Fundamentals Driving the Price

[] Value addition:
- [] Basis for DeFi, NFTs, and token ecosystems.
  [] ETH is required for "gas" fees in transactions.
[] Future upgrades:
- [] Transition to proof-of-stake (PoS) consensus for scalability and energy efficiency.
  [] Layer 2 scaling solutions like Optimism and Arbitrum.
[] Price targets:
- [] 1 Year: $4,000
  [] 3 Years: $5,500
  [] 5 Years: $7,000

News

[] Spot Ether ETFs triggered significant institutional interest.
[] Challenges: High gas fees and scalability concerns.

Future Plans

[] Sharding implementation for scalability.
[] Ongoing upgrades aimed at enhancing network efficiency and usability.

Competitors

[] Primary competitors: Cardano, Solana, Binance Smart Chain.
[] SWOT analysis:
- [] Strengths: Large ecosystem and developer community.
  [] Weaknesses: High gas fees and scalability issues.
  [] Opportunities: Expanding DeFi and NFT markets.
  [] Threats: Competitors offering better scalability and lower fees.

Note

you see clearly the went up to 3800 as I told you to wait

Note

The Open interest for has increased dramatically since Nov 12th which means very bullish so I would not be surprised that if we see 5k ETH soon.

BTC Dela is in negative = Bearish
BTC Open Interest decreased = Bearish

Historically
Has done correction approx. before Christmas and till the start of the Jan.

ETH Delta Negative since yesterday = Bearish
ETH Opent interest increased since today at 9 am UTC+1 = Bearish (Because the delta is negative)

Liquidation Map: a lot of long squeeze at 3500$ build over the last 7 days.

Trade active

Just entered a trade on ride to short to 3540$

Note

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