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Ethereum Price to Cross $3k After Bitcoin ETF Approval? Ethereum ( CRYPTOCAP:ETH ) has seen a remarkable surge in price, briefly breaking past the $2,400 mark today January 10th, 2023 with a notable 10% gain within the weekly timeframe. The rally comes amidst heightened anticipation for a positive Bitcoin ETF approval, despite recent controversies surrounding a false announcement by the U.S. Securities and Exchange Commission (SEC). Let's delve into the dynamics of Ethereum's recent price performance, comparing it to Bitcoin, and explores the potential for CRYPTOCAP:ETH to reach $3,000 post-BTC ETF approval. Ethereum's Resilient Uptrend: Despite the crypto market's widespread volatility on January 9, triggered by the SEC's false announcement on Bitcoin ETF approval, Ethereum's price has exhibited a steadfast uptrend. Trading as high as $2,440 on January 10, Ethereum's 11% price growth between January 7 and January 10 outpaced Bitcoin's 4%. This trend has sparked interest among crypto derivatives traders, who are increasingly betting bigger on CRYPTOCAP:ETH compared to BTC. Derivative Market Metrics: One key metric indicating Ethereum's potential for further gains is the funding rate. As of January 10, CRYPTOCAP:ETH boasts a funding rate of 0.014%, marginally exceeding BTC's 0.12%. A higher positive funding rate for Ethereum suggests increased demand for long positions in the CRYPTOCAP:ETH derivatives market, reflecting a more optimistic sentiment among traders. Open Interest Dynamics: Further supporting the bullish outlook for Ethereum, open interest dynamics reveal a significant divergence between CRYPTOCAP:ETH and BTC. ETH's open interest has surged by 14.6% from $3.71 billion on January 7 to $4.57 billion on January 10, outpacing Bitcoin's more modest 5% boost from $6.4 billion to $7.3 billion. This suggests that new entrants are bringing fresh capital to Ethereum, reinforcing the notion that traders anticipate larger price gains in the days ahead. Conclusion: In conclusion, Ethereum's recent surge past $2,400, fueled by strong derivative market metrics and open interest dynamics, paints a bullish picture for the cryptocurrency. As the market eagerly awaits the Bitcoin ETF verdict, CRYPTOCAP:ETH 's resilience and the optimism of derivative traders suggest a potential breakout above $2,500, reaching levels not seen since May 2022. However, investors should remain cautious of potential resistance levels and profit-taking behaviors as ETH aims to reclaim the $3,000 territory.
BINANCE:ETHUSDLong
by DEXWireNews
Top Mentors in Finance and BusinessMentors play a critical role in guiding individuals and businesses towards achieving their goals. Whether it's in finance, business strategy, market analysis, or cryptocurrency, the insights and experiences of successful mentors can be invaluable assets in navigating through complex situations and making informed decisions. In this article, we will explore some of the most popular mentors in these fields and highlight their contributions to their respective industries. From Warren Buffett to Andreas Antonopoulos, these mentors have made significant impacts and continue to inspire and educate aspiring individuals and businesses around the world. Finance Mentors: 1. Warren Buffett - Widely recognized as one of the most successful investors of all time, Warren Buffett is the chairman and CEO of Berkshire Hathaway. He has a long-term investment approach and has made successful investments in companies such as Coca-Cola, American Express, and IBM. 2. Ray Dalio - Founder of Bridgewater Associates, one of the world's largest hedge funds, Ray Dalio is a successful investor and philanthropist. He is also known for his unique investment principles, such as "radical transparency" and "radical honesty." 3. Jim Rogers - A well-known investor and author, Jim Rogers has written several books on finance and investing, including "Investment Biker" and "Adventure Capitalist." He is also the co-founder of the Quantum Fund with George Soros. 4. Nassim Taleb - A former trader, Nassim Taleb is the author of the best-selling book "The Black Swan," which explores the impact of unpredictable events in financial markets. He is also a proponent of the idea of "anti-fragility," which suggests that systems should be designed to benefit from shocks and volatility. 5. Paul Tudor Jones - Founder of Tudor Investment Corporation, a hedge fund with a long and successful track record, Paul Tudor Jones is a prominent investor and philanthropist. He is also known for his philanthropic work through the Robin Hood Foundation. Business Strategy Mentors: 1. Michael Porter - A leading authority on business strategy, Michael Porter is a Harvard Business School professor and author of several books on competitive strategy, including "Competitive Advantage" and "The Five Forces." Clayton Christensen - A Harvard Business School professor and author of several books on innovation and disruptive technologies, Clayton Christensen passed away in 2020 but remains a highly respected mentor in the field of business strategy. 2. Gary Hamel - A management expert who has written extensively on innovation and strategy, Gary Hamel is a founding member of the Management Innovation eXchange and the author of several influential books, including "Leading the Revolution." 3. W. Chan Kim - Co-author of the best-selling book "Blue Ocean Strategy," W. Chan Kim advocates for creating new market spaces rather than competing in existing ones. He is also a professor of strategy and international management at INSEAD. 4. Anita Elberse - A Harvard Business School professor who specializes in the entertainment and media industries, Anita Elberse is the author of the book "Blockbusters," which explores the strategies used by successful entertainment companies. Market Analysis Mentors: 1. Peter Lynch - A former fund manager who is known for his investment strategies and his ability to identify undervalued companies, Peter Lynch is the author of the best-selling book "One Up on Wall Street" and "Beating the Street." 2. John Murphy - A technical analyst who has written several books on the subject, John Murphy is known for his work on intermarket analysis and is the author of "Technical Analysis of the Financial Markets." 3. Martin Pring - Another technical analyst who has written extensively on market indicators and technical analysis, Martin Pring is the author of several books, including "Technical Analysis Explained" and "The Complete Guide to Technical Analysis." 4. Ralph Acampora - A chartered market technician who is known for his work on chart analysis and market cycles, Ralph Acampora is a frequent guest on financial news networks and the author of "The Technical Analysis Course." 5. Ed Seykota - A former trader and one of the pioneers of computerized trading systems, Ed Seykota is known for his work on trend-following and Cryptocurrency Mentors: 1. Andreas Antonopoulos - A prominent cryptocurrency educator, Andreas Antonopoulos is the author of several books, including "Mastering Bitcoin" and "The Internet of Money." He is also the host of the "Let's Talk Bitcoin" podcast and has given numerous talks on the subject. 2. Vitalik Buterin - The founder of Ethereum, Vitalik Buterin is a prominent figure in the cryptocurrency world. He has been involved in the development of several blockchain-based projects and is known for his work on smart contracts. 3. Charlie Lee - The founder of Litecoin and a former Google engineer, Charlie Lee is a prominent figure in the cryptocurrency community. He is also a vocal advocate for the adoption of cryptocurrencies as a means of payment. 4. Cameron and Tyler Winklevoss - The Winklevoss twins are known for their early investment in Bitcoin and their efforts to establish regulated cryptocurrency exchanges. They are also the founders of Gemini, a leading cryptocurrency exchange. 5. Changpeng Zhao - The founder and CEO of Binance, one of the world's largest cryptocurrency exchanges, Changpeng Zhao is a prominent figure in the cryptocurrency world. He is also a vocal advocate for the adoption of cryptocurrencies as a means of payment and has been involved in several blockchain-based projects. In conclusion, the above mentors have made significant contributions in their respective fields and are highly respected in their industries. While their teachings and philosophies may differ, they have all played a crucial role in shaping the way we think about finance, business strategy, market analysis, and cryptocurrencies. Aspiring individuals and businesses can benefit greatly from their insights and experiences.
SP:SPXEducation
by Julien_Eche
#ETH starting to look like a bullish scenario could be unfolding#ETH So we broke down on the most recent trend line, there was a pretty big divergence - technically we are looking like a longer term retest here. This is looking pretty bullish to set up a buy around $1370 tbh - naturally there is some big things going on in the market that could cause a much bigger drop, although stagger some entries I feel from about that region. The volume profile is showing not much demand between 1479 to 1364 which is making me feel it will sink to about that price region before seeing true support
Long
by Kryptochristian
3
ETH out of fuel. When to enter short?If we look at ETH we may see that it rose 75% in the last month. For TOP-1 Altcoin that's a lot. A lot of people asking where the end to that bullrun may be and I think we are really close. Usually, bullish momentum happens fast and with huge volume. Price stops and reverses when volume starts falling. As volume is an indicator that people who were pushing the coin are exhausted. Right now we are at this point. There 2 scenarios how it can go from here: 1. There will be correction. We will squeeze to the trendline and breakdown. I think it's likely. Best if we see stoplosses of bears hunted first 2. We form accumulation zone until people who were pushing ETH up at the start collect position huge enough to go on with their bullish plan. I am not saying that the bullrun is over but healthy rise always needs a decent pullback. What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Short
by Artem_Dishel
16
ETH: At least 1 crypto is on recovery!Ethereum Intraday - We look to Buy at 1731 (stop at 1679) We are trading at oversold extremes. We look to buy dips. 1700 has been pivotal. 1711 has been pivotal. 1731 has been pivotal. Support is located at 1700 and should stem dips to this area. Our profit targets will be 1858 and 1898 Resistance: 1900 / 2000 / 2100 Support: 1800 / 1700 / 1500 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:ETHUSDLong
by VantageMarkets
ETH - How long scenario would look like?Ethereum is the flagman of altcoins and here is what Raul Paul, CEO of Real Vision says about it: “It is like a teenager, but let’s face it – Ethereum’s down like 40% this year and the Nasdaq’s down 25%. It’s not terrible, and Ethereum for example hasn’t made a new low versus last year while we’ve thrown in inflation and rate hikes and wars and everything at it. I don’t think we’ve gotten the massive blow-off top. We’ve got a sort of blow-off top, and I think we’re in this very wide sloppy range.” Personally I believe that ETH has a potential to become number #1 crypto in a couple of years, since it has strong fundamentals. Right now we could take local long if we see good volume on the supporting trendline and then price will approach and accumulate near upper trendline. Otherwise it will be good short opportunity. ⭐️ BTC locally bullish ⭐️ Market is in panic ⭐️ We are in the end of formation ⭐️ Accumulation 6 days ⭐️ 4th touch ⭐️ Had a trap for bears ⭐️ Volume at bottom ⭐️ Over VWAP Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster. What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Long
by Artem_Dishel
2
Ethereum Could Bounce Soon With the Market: $270+ Potential As one of the more volatile members of the T10 cryptocurrencies, Ethereum is something that mandates special attention for traders that dare to venture into the land of the ‘unknown’. Ethereum Price Analysis The picture above shows Ethereum on the H2 chart (H2 = 2-Hour Time Chart). As you can see above, the translucent boxes show that the uptrend line that has formed itself is well tested at this point, with several rises after the re-tests. At this point, after four tests of the line, we can consider this to be a reliable point of support for the price. Thus, since the price is currently trading against this line at this point, it is reasonable to expect that there could be a potential price gain in the immediate future (immediate since its the H2 timeframe). Relative Strength Index(14) The RSI on the H2 time frame shows the RSI speeding toward the oversold point. Normally, in a bear market this would be something that would be of no greater consequence for us. However, since the overall trend on the higher time frames dictates that the positive momentum is still in full swing, this is a condition that we could be justified in seeing as temporary. Above, is a picture of the RSI(14) on the daily chart. As one can observe in the picture above, the RSI is still increasing at a steady pace with a marked trend. Therefore, the data that we observe on the RSI(14) for the H2, in the author’s opinion, indicates a period of consolidation rather than the beginning of a downtrend. In order to confirm, let’s take a look at a few other indicators. EMA Mean Regression This is a custom indicator that we have yet to use in the bear market, but one that would be useful in this scenario. This indicator is useful in the lower time frames because it does a few things: 1. Gives us a multitude of buy and sell signals. 2. Helps us to anticipate when there may be a potential uptick in the price. Based on what we can see above in the H2 time frame, it appears that an impending uptick in the price could be around the corner. One of the basic principles of EMA indicators is that the closer they become to one another, the more likely it is that they will cross in the near future, which would signal a reversal in the price movement. Currently, that principle is espoused in the indicator above through the narrowing or thinning of the mean reversion ribbon. This is exemplified in the picture above via the translucent green box for those that were not able to identify it earlier. The ribbon itself signals a resistance and support point contingent upon whether the price is above or below. At this point, the price is below the EMA mean reversion, which makes it a point of resistance. As we can see on the chart above, the overhead resistance is hanging at $237. Therefore, as a starter, the price should at least break through $237 before we really begin to become bullish on the price action again in the short-term. Exponential Moving Average The EMA-26 is also hanging at the $237 price mark as well. Conclusion Based on what was shown above as well as in other indicators, there is probably more consolidation that is due on the Ethereum chart. Advocating a long position at this point is not something that can be done definitively at this point if one wanted to maximize their R/R. However, the convergence of the EMA indicators as shown by the EMA mean regression (custom indicator) above yields credence to the idea that there may be a reversal in the price in the near future. Targets As you can see in the above picture, the price did ascend past the resistance point that it was nudging against (marked by the translucent green triangles). After the price surpassed that point, it then re-tested (the phase that it is in currently). The maximum overhead resistance, according to the Fib levels, is marked at $275.
BITFINEX:ETHUSD
by librehash
3
Ethereum looks not harmed by EOS MainNetCoin of the day is Ethereum. EOS recently attracted a lot of attention as a main competitor of Ethereum. Let's see, how ETH feeling during those events, especially regarding that EOS recently experienced problems with MainNet launch. Ethereum stays a leader in the Dapps platforms technologies, and the most accepted blockchain technology along with Bitcoin worldwide. ETH even ranked with first place by China cryptocurrency ratings, regarding having the competitors exactly from China. Developed by Vitalik Buterin, Ethereum is a public, open-sourced Blockchain-based platform that features smart contracts. Despite frequent comparison of ETH and BTC it would be wrong to define Ethereum only as a cryptocurrency or confuse it with Ether, a cryptocurrency part of Ethereum system. Launched in 2015, Ethereum is the largest and most well-established, open-ended decentralized software platform that enables smart contracts and Distributed Applications (DApps) to be built and run without any downtime, fraud, control or interference from a third party. Ethereum is not just a platform but also a programming language (Turing complete) running on a blockchain, helping developers to build and publish distributed applications. Ethereum smart contracts or (DApps) are often referred to as Crypto 2.0, Blockchain 2.0 or even Bitcoin 2.0. Technicals On the last week, ETHBTC spent two days below the 100-days EMA gained volumes and started a bullish movement with a huge buy-in on 2018.06.14. Ether broke 100-days EMA and on Monday rose above the Bearish Trend Line, which was the border of the Triangular Correction of the April – May uptrend. Yesterday we saw one more high-volume buy-in, which brought the price to the resistance level 0.08. A breakthrough of this level will indicate a continuation of the bullish tendency. From the below, 0.075 – 0.077 zone and 100-days EMA should play a supportive role for the bullish scenario.
Long
by DestinationMoonCrypto
ETHUSD stands on the roadsideETHUSD Now on the crossroad of two channels, and it comes to the moment when it is necessary to choose which of them we will move on, the fact that Vitalik will soon introduce a technology for network scale-up (About) , one might assume that in the near future interest in this currency will be great, but with On the other hand, we will not forget that we are still in a potential bearish direction and the pace of this movement is set by the grandfather BTCUSD , so for reasons we can get above the formed triangle, but we will not go down You can find a top inside new at www.dabinside.com this platform the first
BITFINEX:ETHUSD
by Mrmoney7_7
ETHETC: Watch these price targets and time targetAs much as I dislike ETC, the chart here shows some levels where price could reverse...as well as the time target expiration for the last rally in this pair. Overall, I am in favor of investing in Vitalik Buterin's project, so, from day 1 I didn't think ETC was a good thing to hold. The chart has proved me right thus far, but at one point, it might become a good 'Ethereum hedge' in case of a top in the rally. This could coincide with the point when the monthly trend tops in ETHEUR, so it wouldn't surprise me if that's the case. Just set some alerts here, and stay ready for updates. It might just keep going until the time expires, then we would need to revisit the chart and track progress and update the fundamentals. Cheers, Ivan Labrie.
Long
by IvanLabrie
5