Breaking: Ethereum’s Pectra Update Scheduled for February 2025Ethereum, the world’s leading blockchain for decentralized applications, is poised for another groundbreaking upgrade. The Pectra update, scheduled for February 2025, promises to revolutionize the user experience, bolster network efficiency, and redefine how developers and users interact with the Ethereum ecosystem. Here, we delve into both the technical and fundamental aspects of this highly anticipated upgrade.
Overview of the Pectra Update
Key Objectives:
- Usability: Pectra addresses critical barriers to on-chain app adoption, such as high transaction fees and wallet complexity.
- Scalability: Enhancements will allow the network to handle increased demand without compromising performance.
- Security: Robust updates will fortify Ethereum against evolving threats, ensuring a secure environment for all participants.
Notable Features and Enhancements:
1. Gas Fee Payment Flexibility: Users can pay transaction fees using any cryptocurrency, including stablecoins.
2. Account Abstraction (ERC-4337): This feature simplifies wallet management, making Ethereum more accessible to non-technical users.
3. Biometric Authentication: Integration of Apple’s FaceID and TouchID for transaction approvals ensures a seamless and secure user experience.
4. Enhanced Staking Mechanisms: The staking limit increases to 2048 ETH, improving resource efficiency and scalability while attracting institutional participation.
5. Verkle Trees (EIP-2935): A significant upgrade that minimizes data storage requirements, fostering greater decentralization and validator participation.
Technical Analysis of Ethereum (ETH)
As of this writing, Ethereum is trading at a bullish trajectory, up 2.25% and showing strong momentum. The following technical indicators provide a deeper insight:
Relative Strength Index (RSI):
- Current RSI: 66 (Bullish Zone)
- The RSI indicates strong upward momentum, suggesting continued growth in the short term.
Price Levels:
- Support Levels: $3,000 (psychological support) and $2,800 (1-month low and Fibonacci retracement level)
Volume Trends:
- Increasing trade volumes accompany the current price rally, reinforcing the bullish outlook.
The Synergy of Fundamentals and Technicals
The Pectra update is a significant catalyst for Ethereum’s long-term growth. By merging Prague and Electra—two updates initially slated for late 2025—Ethereum accelerates its roadmap while delivering a more cohesive upgrade. This consolidation reflects the network’s commitment to efficiency and innovation.
On the technical front, Ethereum’s robust price action aligns with market optimism surrounding the Pectra update. Enhanced staking flexibility and account abstraction are likely to attract new users and institutional investors, potentially driving ETH prices higher.
Conclusion
The Ethereum Pectra update is a pivotal moment in the blockchain’s evolution, combining innovative features with technical advancements to create a user-friendly, scalable, and secure platform. As February 2025 approaches, market participants should watch for:
- Continued bullish momentum in ETH prices
- Potential retracements to key support levels for accumulation opportunities
- Broader adoption of Ethereum’s enhanced ecosystem
Ethereum’s trajectory remains upward, with Pectra set to unlock new horizons for decentralized applications and blockchain technology. Whether you’re a developer, investor, or enthusiast, the Pectra update marks a transformative step toward a more inclusive and efficient Web3 future.
ETH-D
ETH ChartHey,
Since December 9th, markets have mostly pulled back, with ETH and RUNE doing what we expected and shared in our community.
My bullish conviction on ETH was a bit too strong with the crazy inflows, but my overall outlook remains positive for 2025.
ETH is now stalling on its upper wedge trend line, likely consolidating before new highs.
ETF holdings for ETH have grown by 64%, showing continued bullish sentiment.
Expecting more upside and the ETH target remains the same for me.
Kind regards,
Max Nieveld
Next target for ETH!BINANCE:ETHUSDT
Ethereum has formed an ascending triangle which is a bullish pattern, but we see no break out. that means the price has no confirmation of a bullish movement.
however when it happens, the price shall increase to 3700$ easily.
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Ripple analysishello guys
There are two scenarios for Ripple:
1: By hitting the ceiling for the third time, it will succeed in breaking and witness its growth.
2: Don't be afraid to break the ceiling and make a step purchase by falling in the specified
support areas.
What do we think?
We think scenario 1 is more likely to happen.
Be successful and profitable.
Regular and principled...hello friends
We came up with FANTOM currency analysis.
This potential coin, which is active in the DEFI field, has been able to grow well by forming an upward channel.
Now we have specified the purchase limits for you in case of modification.
Now it is logical to buy one step, but in case of correction, we can wait until the specified areas and then make our purchase.
But in case of successful failure of the channel, we can still buy and move with the specified goals.
Note that this coin has a high growth potential....
Crypto Market to Hit $5 Trillion in 2025?The crypto market added an astonishing $1.58 trillion in 2024, and projections for 2025 are even more bullish, with a potential market cap of $5 trillion. While most altcoins are still down over 50%, the next altcoin rally could be the catalyst for explosive growth. Institutional investors are also predicting Bitcoin to hit $150K, further fueling market optimism.
The combination of increasing adoption, institutional interest, and potential altcoin recovery makes this goal achievable. Prepare for the next big wave by identifying undervalued projects and managing your risk effectively. 2025 could be the year of exponential growth—stay ahead of the curve!
XRP ShortThe last two shorts I've taken on this coin have given me profit to walk away with before stopping me from taking the bigger swing I am looking for. I am happy to keep shorting until my target is met. This coin may have a future, but not right now IMO.
In short, I haven't lost yet.
This is just chop. Dubai isn't sending this to the moon and more adoption pumps are coming on the way down
I will stick to my narrative until the market says otherwise
Stay safe in this bear market and enjoy it. We won't get one like this for a very long time, if ever.
PS. Leave your immaturity to yourself, you won't get a response from me just because you don't agree or you're upset that I'm speaking the truth and won't be invested like you want to so I can lose along with 90% of the market.
Short-term uptrend conversion zone: 3438.16-3472.21
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
(ETHUSDT 1D chart)
In any case, the key is whether it can receive support and rise near the important support and resistance zone of 3265.0-3321.30.
In order to turn into a short-term uptrend, the price must rise above 3438.16-3472.21 and maintain it.
Therefore, when it shows support around 3265.0-3321.30 or around 3438.16-3472.21, it is the time to buy.
If it falls below the M-Signal indicator of the 1W chart, it is likely to meet the M-Signal indicator of the 1M chart, so you should also consider a response plan for this.
-
As I mentioned in the BTC analysis, since USDT is currently maintaining a gap downtrend, it is not strange for the coin market to show a decline at any time.
Therefore, I think it is better to make a full-scale purchase when USDT turns into a gap uptrend.
For now, I think it is better to respond in the short term and increase the number of coins (tokens) corresponding to the profit.
-
Thank you for reading to the end.
I hope you have a successful transaction.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
#Ethereum $ETHUSD One year analysis.CRYPTO:ETHUSD Key Levels:
1. 4500 = Nearest major supply & 12 month target.
2. 4105 = Last year's high.
3. 2700 = Closest majot demand.
Analysis:
CRYPTO:ETHUSD is currently trading slightly below the 2024 high of approximately $4105. This level has broken above March's high around $4090, therefore it is no longer valid and must be cleared for ETH to reach a new all time high above the upper channel wedge.
The current uptrend appears to be losing momentum. For a resumption of the bullish trend, a period of price consolidation near the lower wedge of the current channel, around the $2700 demand zone, may be required to gather momentum.
Conclusion, A retest of the $2700 level may provide a very favorable buying opportunity.
#AhmedMesbah #Ethereum #ETH #ETHUSD #ETHANALYSIS #CRYPTO #CRYPTOCURRENCY #ETHCOIN #SUPPLYANDDEMAND
Bitcoin 1D Pitchfork & Correlating Tops Where To Next For $BTC Basic little draw up from now just checking market sentiment with the MACD providing great analytical insight into where we are NOW and were we were MID bull run from $75k ATH to $109k. See the bearish MACD over the ATH of 75k and the same over the 109k ATH. We are back to zero on MACD we should see small dips or sideways movement but more volatile as price is higher. It will always seem more volatile as %s of BTC price are larger. So 10% drop or gain now on $93k is $9.3k where when 1 CRYPTOCAP:BTC was 9.3k 10% drop or gain was only $930! Yes same % loss or gain but more capital required to make or loose hat 10%. Still you can always order less but this is just a sentiment driver when you look at the % math of now and back in the day even 4 years ago or pre covid.
Currently we sit at $93,250 USD at time of writing. Up from the down turn to $91k. IF we keep the market moving up growing and more $ flow in to longs and or buying bitcoin the better.
I think also as its in a DIP phase people WONT be selling who brought in at or between 50k-80k. At least I wouldn't be. Even if it goes to any price pre Covid so under 25k~ This will take a while to occur with many chances to exit before or you will see much increase from where we are now.
The market sentiment is good. Its down but its still dominant and will be for another 10 - 100 years plus. It's almost perfect and the coins doing other things BTC can mostly achieve but in directly. However it is no1 and will stay that way for some time.
Love you Holders let us know you thoughts on this projection to upward of $200k within a few 6 months ?
Not finical advice I trade on my own and use my own methods the post here isn't method to trade its just an assumption of what could happen with little degree of success. Thanks for reading!
Shiro Could Surge 700% in the Coming DaysGATEIO:SHIROUSDT BINANCE:SHIBUSDT The partnership between Shiba Inu (SHIB) and Shiro Neko (SHIRO) is an exciting innovation in the cryptocurrency market, and adding SHIRO to your portfolio could be a strategic move.
With the introduction of a dual-staking mechanism, investors can stake SHIB to earn SHIRO and vice versa, creating enhanced opportunities for returns and diversification. This collaboration strengthens both communities and increases the utility of their platforms, making them more appealing to the market.
SHIRO demonstrates significant growth potential, driven by increasing engagement and an innovative model that encourages retention. Moreover, its strategic alignment with Shiba Inu, one of the most popular memecoins, positions SHIRO as a promising addition to your portfolio.
By including SHIRO, you not only diversify your investments but also position yourself to benefit from the potential growth of a coin that combines innovation, attractive rewards, and a growing community.
ETH - Bear Flag forming, 25k price projectionETH is forming a bear flag.
If bear flag plays out and price breaks through 3,100 level then on the basis of the measured move of the flag pole, ETH is likely to test 2,500. There is also a fib retracement level of 78.6% at 2,500.
In the process ETH there will be significant support zone around 2,800 - 2,900 because:
- there is a fib retracement level of 61.8% at 2,900
- strong support zone on weekly timeframe around 2,800
- ETH pierced through 2,800 and never retraced back to this level
Remember technicals are all probabilities, price could break 3,600 level (upper trendline of the bear flag channel) to test all time highs.
Important Support and Resistance Areas: 3265.0-3321.30
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
(ETHUSDT 1D chart)
In this period of volatility, the key is whether it can find support near 3265.0-3321.30 and rise above 3644.71.
If not,
1st: M-Signal on 1W chart
2nd: M-Signal on 1M chart
You should check for support near the 1st and 2nd above.
-
When the decline progresses, if the HA-Low indicator of the 1D chart is generated, it is important to see if there is support near it.
The reason is that the movement to close the current wave and create a new wave will begin.
If it falls below the M-Signal indicator of the 1M chart and shows resistance, there is a possibility that it will turn into a downtrend in the long term, so you should think about a response plan for this.
If it receives support near the M-Signal indicator of the 1M chart and rises, the gap between the M-Signal indicator of the 1W chart and the M-Signal indicator of the 1D chart will decrease, so there is a possibility that a large wave will be created when rising.
Therefore, we should look at what it will look like after this volatility period.
Currently, the StochRSI indicator is located near the 50 point, so there is a possibility of volatility, so caution is required when trading.
-
Once this volatility ends, the next volatility period for ETH is expected to be around January 22.
However, since the next volatility period for BTC is around January 10th, we will have to see what kind of movement it will show at that time.
-
Thank you for reading to the end.
I hope you have a successful trade.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, we can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, it is expected that prices below 44K-48K will not be seen in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to this.
If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance.
The reason is that the user must directly select the important selection points required to generate Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
Ethena Price Shows Bullish Momentum After Breaking ResistanceThe cryptocurrency market has its eyes on Ethena (ENA) as the token broke out above the critical $1 resistance level, signaling a bullish trend. We are predicting gains of up to 35%.
Breakout Above $1 Signals Bullish Sentiment
Ethena’s price has established a bullish trajectory after breaking through the crucial $1 resistance level. This breakout marks the end of a prolonged downtrend, during which the price bottomed out and began forming higher lows. Strong buying pressure accompanied the move, evident from large green candlesticks on the chart.
The $1 level, previously a significant resistance, has now transitioned into a robust support zone. We observe that the $0.97-$1.00 range is crucial for maintaining upward momentum. Holding above this level will be essential for MIL:ENA to sustain its bullish outlook.
Technical Outlook
As of this writing, MIL:ENA is up 5.68%, trading within a bullish horizon. The altcoin’s Relative Strength Index (RSI) sits at 54, indicating there is ample room for further upward movement. MIL:ENA has broken out of a presumed falling trend channel, reinforcing its bullish momentum.
The 1-month high of $1.32 serves as the next significant resistance point. If MIL:ENA can breach this level, it could pave the way for even greater gains. However, caution is warranted due to the broader market’s volatility, particularly Bitcoin’s recent price swings. Should CRYPTOCAP:BTC dip to $90,000 or the psychological $85,000 level, it could exert downward pressure on MIL:ENA , potentially causing a retreat to its 1-month low of $0.76.
Conclusion
Ethena’s breakout above $1 marks a pivotal moment for the token, signaling the potential for significant gains. With strong technical indicators and bullish market sentiment, MIL:ENA appears poised for a rally. However, traders should remain vigilant, considering the broader market’s influence on altcoin performance. As MIL:ENA continues to hold above $1, the coming days could bring substantial price action and opportunities for investors.
Ethereum: Triangle Consolidation with Potential Breakout Targetswhat happened:
Double Top Formation:
A bearish reversal pattern is marked, showing two peaks at similar levels.
After completing the pattern, the price dropped sharply to meet the "target of double top" near $3,150.
Now:
Symmetrical Triangle:
The price is consolidating in a symmetrical triangle pattern.
This pattern is typically neutral and indicates potential breakout opportunities, either upwards or downwards.
Resistance Levels:
$3,550: This is the horizontal resistance line formed by the upper boundary of the triangle and previous consolidation highs.
$3,870: The "target of triangle" is projected upon a potential bullish breakout, calculated by measuring the height of the triangle.
Support Levels:
$3,320: Immediate support is found near the ascending trendline forming the triangle's lower boundary.
$3,150: Previous support zone after the completion of the double top.
Price Projection:
Bullish Scenario:
If the price breaks above $3,550, the next target is $3,870, aligning with the triangle breakout target.
A continuation of the uptrend could follow as higher lows are forming.
Bearish Scenario:
If the price breaks below $3,320, the next support is near $3,150.
A further decline could lead to retesting $2,960 or lower.
____________________________
Current Outlook:
The price is moving sideways within the triangle, reflecting a phase of indecision.
Traders should watch for a breakout above or below the triangle to confirm the next trend direction.
Ethereum (ETH) – Key Technical OutlookPrice Action & Sentiment:
Ethereum's current price action suggests upside potential, though a decisive move above the $3,500-$3,600 zone is needed to reignite short-term bullish momentum and shift market sentiment.
Ethereum appears undervalued by 30-50% relative to current market conditions, adding to the attractiveness of its long-term growth potential.
Support & Resistance Levels:
Support: The $2,900-$3,100 range remains a crucial support zone. A retest of this level, especially following mid-November lows, could reset sentiment and provide a stronger base for future growth.
Resistance: Breaking through the $3,500-$3,600 resistance zone would signal a significant shift in sentiment and encourage further bullish momentum.
Broader Market Context:
This setup mirrors historical patterns observed in previous crypto bull cycles, where a period of consolidation or a retest of key support levels often precedes substantial upward movement.
Broader market strength and positive sentiment shifts could act as catalysts, especially as the macroeconomic environment becomes more favorable.
Outlook:
If Ethereum's technical structure holds and broader market sentiment improves, the potential for significant growth remains high.
Investors should monitor price action around the $3,500-$3,600 zone for signs of a breakout and pay attention to the $2,900-$3,100 support for risk management.
Conclusion:
Ethereum is well-positioned for long-term growth, but near-term selling pressure could lead to a retest of critical support levels. A break above $3,500-$3,600 would signal bullish momentum, while holding above $2,900-$3,100 keeps the technical structure intact. This setup offers a compelling opportunity in alignment with previous bull cycle patterns.
Altseason is coming!!!hello guys!
let's compare these two dominance indexes to forecast the alt season!
Left Chart: Bitcoin Dominance (BTC.D)
Trend Overview:
BTC dominance is currently at 57.79%.
A downward arrow indicates a potential drop to the 52% range, aligning with past support levels.
Interpretation:
A decrease in BTC dominance suggests that capital might flow out of Bitcoin into other cryptocurrencies (altcoins), typically signaling the onset of an altseason.
____________________________________
Right Chart: Ethereum Dominance (ETH.D)
Trend Overview:
ETH dominance is 12.64%, showing a bottoming formation within a long-term support zone.
An upward arrow predicts a bounce back to higher levels around 14%-15%.
Interpretation:
An increase in ETH dominance often precedes or accompanies an altseason since Ethereum typically leads the altcoin market during these phases.
____________________________________
Conclusion:
Combined Analysis:
The expected drop in BTC dominance paired with a recovery in ETH dominance points towards a likely redistribution of market capital into altcoins.
Timing:
Such dominance shifts generally unfold over weeks, making it plausible for an altseason to occur in the near future, likely within the first quarter of 2025.
ETH cooling off?ETH broke a fib level of 0.786 at 3,406 now on a downtrend towards the 0.618 level at 2,866 in the monthly. Weekly fib, floating right under 3,406 bounced off a 3,213 support.
Quick conclusion, on a cool downtrend watching the 2,866 fib level if it breaks the 3,213 support. On the Daily currently showed a reverse double stop, rejecting price forcing it down. Now cooking in a triangle on the daily on a downtrend which usually indicates bearish signals. Zoom out still trending up, watching the 3,406 fib level for uptrend signals.
Don't forget what, and who you're doing this for. Remember to always to take your profits, DYOR, and invest only what you can afford to lose. My stuff is never any financial advice, i just post my opinions of stuff that i am on, goodluck, and happy holidays!
Falling old year and rising in the new year!Ethereum will start to move in the same vein as Bitcoin , as I wrote earlier. It will manage to unload RSI, come to the key level again and push back from it. I have also published the global chart for Ethereum, there are no changes there.
Horban Brothers.
ETHEREUM - Time to buy again!In my opinion, Ethereum is really undervalued in terms of price. My price target for Ethereum is $7000. As you can see, the price is in an ascending triangle, and there is also a bullish divergence on the weekly time frame. This is something that cannot be easily ignored. We can hope that in the new year, Ethereum's price could at least double from its current value.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!