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D-ETH

Aug 21Overview: There were no surprises in the Fed’s meeting minutes. "Officials were confident about the direction of inflation and are ready to start easing policy if the data continues to cooperate." However, too many traders are interpreting this as “on September 18th, my $stonks go up.” Don’t be one of them. VANTAGE:SP500 posted another green candle, but momentum is slowing as it approaches its ALH, now just 0.82% away. We might see it by the end of the week, reducing the chances of $ BINANCE:BTCUSDT BTC crashing this weekend. $63.2k is still a possibility for BINANCE:BTCUSDT BTC as it slowly inches closer, needing only a 4.28% increase over the next 2-3 weeks. W: Heading to close this week green. No divergences. D: Finished Wednesday strong, posting a green candle, solidifying the BB MA breakout, and escaping the $60.2k level, which should now turn into support. Expecting to close the week between $60.2k and $63.2k. 4h: No divergences. Range trading. 1h: No divergences. Range trading. Alts Relative to BTC: No divergence relative to BINANCE:BTCUSDT BTC. Bull Case: Same as yesterday. We’ve likely passed the bottom (or an intermediate bottom), and with the booming VANTAGE:SP500 , expected rate cuts each month, and more institutional money flowing into risky assets in September, we should continue marching up. IPO stocks, small-cap tech stocks, and crypto are poised to benefit. Bear Case: Same as yesterday. Fear and Greed Index: Slowly trending higher, now almost exactly in the middle at 49.59. Untradeable. Prediction: Close this week green, then grow to $63k next week before a drop. Opportunities: BINANCE:UNIUSDT UNI Expected to complete its move to $7.52, offering a 7.87% gain. BINANCE:ARUSDT AR, BINANCE:APTUSDT APT, BINANCE:TAOUSDT TAO Have shown better price action in the last couple of days and may continue trading higher next week, as BINANCE:BTCUSDT BTC stays within its range. These moves are not indicator-driven, so proceed with extreme caution and tight stop-losses.
COINBASE:BTCUSD
by EvgenCapital
Aug 20Overview: For the first time in the last six trading days, the S&P 500 closed with a red candle (-0.20%), even though its wick extended higher than the previous trading day. The key macroeconomic event to watch this week is the release of the "Minutes of the Fed's July FOMC meeting" on Wednesday, which will provide insights into the discussions and debates among Federal Reserve officials, revealing their views on the current state of the economy. Overall, this week might be relatively calm as the market anticipates potential rate cuts, election outcomes, and TradFi executives wrapping up their vacations. For example, much of Western Europe essentially shuts down in August, with many French citizens heading to the south of France, Germans traveling to Turkey, and Italians and Spaniards taking a more relaxed approach to work all year round. By the way, it's been a while since we’ve seen any major hacks or rug pulls in the crypto space. Imagine running the 15th largest crypto exchange and starting to see diminishing returns as enthusiasm for the current bull run fades. You also notice more consolidation among the top 2-3 CEXs, while DEXs are gaining traction and cutting into your profits. This grim outlook might lead to some troubling thoughts cooking up. Although FTX filed for bankruptcy on November 12th, and BTC at that time dropped by 70%, we still have time to make informed decisions as we sit at the end of August. Remember: not your keys, not your crypto ...cough ...cough Lido... Alts Relative to BTC: Alts haven’t diverged much from BTC, but on the 4-hour chart, ETH shows a small MACD divergence between Sunday the 18th and Tuesday the 20th, with SOL showing it even more clearly. This suggests that while BTC remains within its daily range, alts are showing more weakness. Only AR and TAO have shown positive price action in the last two days. We know about the Grayscale news regarding the TAO trust, but what’s driving AR? In the DeFi sector, AAVE continues to pump. Bull Case: We’ve reached the bottom and are now heading upward. Alts are already at their lows, and major institutional investors and governments haven’t even started accumulating the new digital gold. The world’s major economies are relatively healthy, and in 3-4 years, we might look back at 2024 as the bottom and the end of the "COVID economy." More money could flow into risky and alternative assets like crypto. Bear Case: Despite the macro outlook, crypto has likely reached its intermediate bull run, driven mainly by ETF demand without any major crypto breakthroughs or new use cases like DeFi. In reality, only a few market participants hadn’t yet entered the crypto space and needed an institutional vehicle like an ETF. Fear and Greed Index: 45.39. The index has flattened over the last three days, mirroring BTC’s price, indicating neither strong buy nor sell opportunities. Weekly: Range trading, slowly moving toward the BB MA, which it may reach within the next two weeks (conveniently the last two weeks of August). Daily: BTC continues to trade within its daily range. It broke above the BB MA, but no significant pump followed. Bulls appear weak and may need more accumulation, a "whale push," or this might not be the time. Was it a fake-out? 4-Hour: Range trading, no divergences. 1-Hour: Range trading, no divergences. Prediction: Range trading with a possible spike up to $62k. Opportunities: SOL: Shows a bearish divergence on the 4-hour timeframe but could quickly reverse if BTC prints a green candle. TON: Has completed the "Motive" part of Elliott’s wave pattern. In about 40 hours, it might finish the B wave, presenting a short opportunity that could last through the entire C wave down. Follow for daily updates. First 100 followers receive free market analysis and signals subscription.
COINBASE:BTCUSD
by EvgenCapital
Aug.13-Aug.19(ETH)Weekly market recapLast week, the U.S. Department of Labor released CPI data for July, which was slightly better than expected. Afterwards, U.S. stocks started an upward trend that lasted for a week, and gold recently refreshed its ATH, further pricing in interest rate cuts. The performance of crypto market has been weaker than other markets, with BTC and ETH almost at the same price level as a week ago. On Friday, Powell will speak at the annual meeting in Jackson Hole. The market has basically acquiesced that interest rates will be cut in September. The point of disagreement is whether to cut interest rates by 25 bp or 50 bp. Cash-flows to the BTC ETF and ETH ETF have been subdued over the past seven days. This is in contrast to the US stock market. It seems that the enthusiasm of traditional funds for crypto is gradually declining. This also reflects that funds may be flowing to other assets. Unlike BTC, ETH performed more weakly last week. Still in a downward trend overall. There was barely any rebound from the bulls, with trading volume significantly below past averages. The ME indicator maintains the bearish trend and the yellow wavy area widens further. On the WTA indicator, like BTC, there is no blue column representing whales. To sum up, we believe that ETH may remain volatile this week, with the downside probability being greater than the upside. We maintain our original resistance level of 2800 and support level of 2400. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:ETHUSD
by Sypool
Aug 19 and week's overview.Overview: The weekend passed without significant CRYPTOCAP:BTC price movement, holding the daily level at $58.2k. On Monday, bulls rallied, managing to push the price up to $58.4k, signaling a potentially bullish week ahead. This renewed buying interest could be attributed to the VANTAGE:SP500 closing with a strong +1% gain, reminding traders of the generally positive performance of stocks in August, though caution is warranted as September and October tend to be more turbulent. CRYPTOCAP:BTC has bounced off the $58.2k level roughly five times in the last eight days. This marks the second correction week after BTC’s 30% crash, with a 23% recovery so far, suggesting a possible rally towards the next weekly level of $63k. Trading within this midrange is risky, as the price could move in either direction. Tight stop-losses (1-1.5%) and modest take-profits (3-3.5%) are advisable. Global Liquidity: Growing, which is bullish. Open Interest: Declining, but Monday saw increased capital commitment, indicating short-term bullishness. Last week ended with a small-bodied red candle, which is neutral to bearish. A similar pattern was seen in late May 2021, where a brief 18% rally was followed by a 30% decline. Weekly: Range trading with no divergence. Daily: Monday approached the BB MA, and early Tuesday broke above it, trending upward with a potential 3.7% gain. The current candle is still forming, so it's unclear if this is a genuine breakout or a false move. 4h: No significant changes or divergences. 1h: Increasing volume suggests the current upward trend is strengthening, though the RSI is in overbought territory above 70. If the RSI forms a double top near $63.1, it could be a shorting opportunity. Alts Relative to BTC: While BTC has broken above the BB MA, altcoins have only cautiously approached it. Retail traders seem to have caught on to Grayscale’s announcement of new trusts for NYSE:SUI and GETTEX:TAO , with GETTEX:TAO up 17% in the last four days, as we anticipated in our August 11th analysis. Bull Case: BTC continues to rally towards $62-63k, completing the recovery from the recent crash. Bear Case: Swing traders may turn bearish and start selling off. Fear and Greed Index: Rising, currently at 46.14 since August 16th. Prediction: BTC is likely to rally to $63k, with altcoins like NYSE:SUI , AMEX:NEAR , AMEX:APT , NYSE:AR , and GETTEX:TAO potentially gaining 7-10%. Opportunities: AMEX:NEAR : Approaching its weekly resistance at $4.38, offering a potential 6.45% gain. UPCOM:FTM : Has reached its weekly resistance at $0.4. Also, do you remember DeFi? ASX:MKR and BME:UNI , which are trading at pre-BTC ETF demand levels despite their strong fundamentals. They are actually earning hard cold cash, proving a use case for crypto: In July ASX:MKR earned fees: $19.7m, revenue of $7.54m; Aave fees $29.4m, revenue of $4.78m; and Uni collecting $47.7m in fees with no revenue provided. Follow for daily updates. First 100 followers receive free market analysis and signals subscription.
COINBASE:BTCUSD
by EvgenCapital
Potential bullish rise?Ethereum (ETH/USD) has reacted off the pivot and could rise to the 61.8% Fibonacci resistance. Pivot: 2,550.99 1st Support: 2,334.36 1st Resistance: 2,854.22 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:ETHUSDLong
by ICmarkets
2
ETHUSDT.1DAnalyzing the ETH/USDT chart on a daily timeframe, we see a volatile and somewhat bearish trend emerging over the past few months. Here's a detailed breakdown of the chart, highlighting key resistance and support levels, along with insights from the MACD and RSI indicators. Key Observations: Trend Analysis: Ethereum has displayed a series of lower highs and lower lows since peaking, indicating a bearish trend. The trendline (R1) has consistently acted as a resistance, and the price is currently testing this line, suggesting a critical juncture. Support and Resistance Levels: Resistance Levels (R2 and R3): R2 at $3,043 and R3 at $4,105.80. These levels represent potential upside barriers in the event of a price reversal. Support Level (S1): The significant support level is at $2,126.90. This level has historical relevance as a pivot point for price actions. MACD Indicator: The MACD line is currently below the signal line and both are trending downward below the zero line, which traditionally indicates bearish momentum. However, the histogram suggests that the negative momentum is slowing, possibly pointing to an impending stabilization or reversal. RSI Indicator: The RSI is around 36, which is nearing the oversold territory. This could indicate that the selling pressure might soon exhaust, offering potential for a bullish reversal if other factors align. Technical Analysis and Conclusion: The Ethereum market appears to be at a critical stage. The proximity to the major support at S1 and the nearing oversold conditions suggest that we could see a short-term reversal if the support holds. Investors and traders should watch for any bullish reversal patterns or a break above the trendline R1 as potential signs of a change in momentum. However, a break below the support at $2,126.90 could lead to further declines, with the potential to test much lower levels, given the absence of immediate visible support below S1 on the chart. Trading Strategy: For Bullish Traders: Look for confirmation of a support hold at S1 and a potential bullish reversal pattern or a break above R1. If entering a long position, consider setting stop-loss orders below S1 to manage risks. For Bearish Traders: Monitor for a sustained break below S1. If this occurs, consider entering short positions with a view to capitalize on further declines. Place stop-loss orders just above the most recent highs to limit potential losses. As always, it's crucial to consider external factors such as market news, overall crypto market trends, and economic indicators that could influence Ethereum's price movements. Stay updated and adjust strategies accordingly.
by MarsSignals
1
The REAL Bull-Market Has Yet To Come: Here's Proof!In this analysis I want to talk about the M2 Global Money Supply indicator. This indicator basically shows how much money there is in circulation and how much is being printed. The indicator itself is not that usefull since it's just going up (more money is printed over time). However, the rate at which money is printed is more interesting, hence I slapped an RSI indicator on top of it. As seen on the chart, the RSI of the Global M2 shows that Bitcoin tops around the time that the RSI tops. It's not accurate enough for day-trading, but at least useful for to detect long-term moves. The RSI of the Global M2 has always topped around the 70-75 points. It's currently sitting at 60.3, so there's quite some room left to grow (last time it took almost a year to go from 60 >75). Furthermore, we can see that the "real" bull-market or Hype Phase starts once the RSI is above 65 and continues to climb. In short, the "real" bull-market has not started yet and BTC has much more room to grow over the next 1-2 years. Happy to hear your thoughts on this analysis.
INDEX:BTCUSDLong
by FieryTrading
3
Price Correction from the Resistance ZoneEthereum is currently within the $2600 to $2700 resistance range. This range is recognized as a significant resistance that might halt the current upward trend and initiate a downward movement. Potential Scenarios: Price Correction from the Resistance Zone: If Ethereum fails to break through the $2600 to $2700 resistance range, a price correction towards the $2500 and $2400 support levels is likely. These levels could act as key points for a potential price reversal and continuation of the downward trend. Breaking Resistance and Continuing the Uptrend: If Ethereum can break through the $2700 resistance and stabilize above it, this move could indicate the continuation of the uptrend, with the price moving towards higher levels.
by MonoCoinSignal
1
Ethereum ETH price completed its correction, and next growth?Here is a global wave analysis of the OKX:ETHUSDT price After the launch of #ETHETF, the price correction of CRYPTOCAP:ETH has started After launch, #BTCETF was similar to the CRYPTOCAP:BTC price. Well, this is logical, because large funds need a trading volume to purchase a large position and preferably as cheaply as possible. The probable correction wave (4) was 0.5 of the previous wave (3) Now the main task is to keep the OKX:ETHUSDT price in the range of $2250-2550 Well, and from this zone can start the growth wave (5) with the goal of at least $5950-6000 per CRYPTOCAP:ETH _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2
ETH/USDT Weekly Chart Update !!ETH/USDT is currently testing key resistance levels within the descending channel. A breakout above $3,050 could lead to a retest of higher resistance areas around $3,850. The 100MA near $2,150 has provided strong support, and the price needs to be above this level to maintain the bullish momentum. Traders should keep an eye on volume confirmation and price action near these crucial levels. This update provides a concise analysis of the ETH/USDT weekly chart, focusing on key support and resistance levels, moving averages, chart patterns, and volume considerations. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
1
ETHUSDT Current Position (August 18, 2024, 12:00): The market is at a resistance level around 2,665.00. This area could signal either a pullback or a breakout, depending on market sentiment and external factors. Next Key Times: August 20, 2024, 06:00: This time point may represent a moment of potential reversal or continuation of the current trend. August 23, 2024, 01:00: This could be a critical period, where a major movement in either direction may occur. August 24, 2024, 16:00: A point to watch for further developments. August 25, 2024, 11:00: This point could indicate a stabilization or another shift in the market's direction. Interpretation: Upward Potential: If ETH/USDT breaks the current resistance and continues upward, it could reach the 2,690.00 mark or higher. This would likely align with positive developments or market optimism. Downward Risk: Failure to break above resistance may lead to a test of the lower support around 2,600.00 or lower, with potential significant drops around the key timeframes identified.
by trushkovskiy
1
Aug 17Overview: The cryptocurrency market is currently in a cautious phase. Weekends typically see minimal price swings, though Sunday evenings can bring volatility. Declining open interest suggests a lack of confidence, with traders closing positions and exiting the market. The August 5th liquidations also pushed remaining traders to leave, further reducing market participation. This environment points to continued consolidation, with potential for volatility as the weekend ends. Looking back at BTC’s weekend price action, similar patterns emerge: a crash, a small rebound, approaching the Bollinger Bands moving average (BB MA), and then continued decline. Bearish scenarios include January 15-16, 2022; June 5-6, 2022; and more recently, June 29-30, 2024. A bullish argument is found in May 11-12, 2024, when Saturday and Sunday marked the end of the first bull wave and the start of the second in 2024. However, that was 33 days after the downturn began, while we are currently at day 20. This past week may have been the calm before the storm. Alts Relative to BTC: No divergences. Bull Case: Everyone who wanted to sell has likely sold. Now we wait for an event to trigger a buying spree that could draw a 4th wave on the CRYPTOCAP:BTC chart. Bear Case: No bulls come to the rescue, and the market drops further. Fear and Greed Index: 44.9, rising over the last two days, but given the weekend, it may not carry much weight. W: Range trading, no divergences. D: Reached BB MA and is touching it at $59.9k. 4h: Approached $60.2k for the second time but couldn’t break that daily level. We’re also at the top of the Bollinger Bands range, which is relevant for those trading sideways movements. No divergence. 1h: No divergences, but there’s a bullish inverted head and shoulders pattern. Prediction: Most likely move down significantly, or range trade, then decline. Opportunities: CRYPTOCAP:SOL : Attempting to break the weekly resistance level. NYSE:SUI : Bounced from support and is now trending upward. NYSE:AR and CRYPTOCAP_OLD:RNDR : Sitting on the weekly level; their next move will be quick, so choose your side. Follow for daily updates. First 100 followers receive free market analysis and signals subscription.
COINBASE:BTCUSD
by EvgenCapital
5
Important section: 2531.05 ~ 0.382 (2647.88)Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The key is whether the M-Signal indicator on the 1M chart can rise above and maintain the price. To do so, we need to check whether it can rise along the rising trend line during the volatility period starting around the week of August 19. If not, and it falls below 2531.05, there is a possibility that it will fall again to around 2159.0, so we need to think about a countermeasure for this. - Currently, the StochRSI indicator has entered the oversold zone and is maintaining the status of StochRSI < StochRSI EMA. Therefore, it is important to see if it can be supported around the 2531.05 ~ 0.382 (2647.88) section. Therefore, it is recommended to proceed with a purchase when the StochRSI indicator is out of the oversold section and StochRSI > StochRSI EMA. However, since the current chart is a 1W chart, it is possible that it has shown a lot of increase when the above situation occurs. Therefore, you should check whether there is support in the section (2531.05 ~ 0.382 (2647.88)) and see if you can proceed with a split purchase. - If you compare the current flow with the past flow, it seems to be showing a movement corresponding to around May 9, 2022. However, the current situation is a bit different from that time. When it was around May 9, 2022, there was a decline in USDT, but currently, USDT is showing an increase. Therefore, I think it is showing a different flow than before in that it is time to find a time to buy even if it falls further than the current price, not a time to find a time to cut losses. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start 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: 13401.28 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 forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Aug 16Overview: The TradFi week is over, and the VANTAGE:SP500 is now just 1.86% away from its all-time high, nearly recovering from the impact of Japan's rate increase. However, CRYPTOCAP:BTC hasn't experienced the same positive price action. It seems big money is feeling more confident in U.S. blue chips than in speculative assets like Bitcoin. So, who will push BTC to $100k? Maybe not this time. Last week, we saw a crash followed by a recovery, but this week the market remained stagnant. It seems to have found a range between $55.9k and $63.1k and might bounce within this range a few more times. Alts Relative to BTC: On August 16th, CRYPTOCAP:BTC grew by 1.70%, but CRYPTOCAP:ETH only by 0.83%, while CRYPTOCAP:SOL dropped by 2.45%, AMEX:NEAR by 1.32%, AMEX:APT by 5.10%, and UPCOM:FTM by 4.59%. As of now, CRYPTOCAP:BTC has continued to grow, but alts haven't recovered at all. It appears that both whales and retail investors (but mostly whales) don't have much faith in an altcoin summer, which also puts CRYPTOCAP:BTC on shaky ground. Bull Case: We're still trading within a range and haven't touched the $63.1k resistance for a second time. The VANTAGE:SP500 continues to grow along with the economy, with expectations of four rate cuts ahead. Bear Case: But with September approaching, some big players will re-enter the market. Historically, September has often seen more stock market declines than gains. Fear and Greed Index: 43.62, slightly higher. W: Range trading. D: Neutral, no divergences. 4h: Even though we've recovered to the highs of August 15th, volume is weak, and we haven't broken through $59.7k. 1h: Divergence. We've hit this resistance for the third time. Follow for daily updates. First 100 followers receive free market analysis and signals subscription.
COINBASE:BTCUSD
by EvgenCapital
Ethereum remains stuck in the same liquidity zoneEthereum remains stuck in the same liquidity zone. It has shown a bit of strength in the past few days, but the buying pressure is still not enough. I invite you to check out my analysis on Bitcoin, as it’s currently in a bullish pattern that will cause Bitcoin to take off very soon, which will pull the entire crypto market, including ETH, along with it. So, for now, we are still in the same zone I indicated several weeks ago and moving sideways. Thank you for supporting my analysis. For now, it's just a matter of waiting and continuing to buy for the next breakout! Best regards.
COINBASE:ETHUSD
by RocketMike111