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ETH-D

Ethereum is getting ready for a bull run !Ethereum appears to be forming a large triangle, with its wave D recently completed. We expect a trend reversal from the green zone, leading to a move toward $5,400 and $9,000. Closing a daily candle below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
BITSTAMP:ETHUSD
by behdark
The Bitcoin Peak: When Will the Cycle End?Been a while since I published a TA. I’ve been digging deep trying to decipher when the cycle top will come in for Bitcoin. Some say it’s an impossible feat. Well, let’s give it a go. There are two major dates and one minor date for a possible cycle top: May 2025 **Volume Flow**: 1157 Days **From June Bottom**: 1064 days **ETH clear bottom**: June 2022 **Bar Pattern Fractal**: From 2015 bottom **221k Price Target**: Target crosses with the model in May. September 2025 **From November Bottom**: 1064 days **Major Macro Time Fibonacci** **Chainlink Fractal** **Chainlink Time Fib** March 2025 **Small Time Fibonacci** **Bull Flag End** **Average % move and time since 2019** As you can see, there is a lot of evidence to unpack here, so it’s going to be a long one. Let’s start with the first date: May 2025. --- May 2025 Volume Flow on Heikin Candles on the Monthly shows that from the Bearish cross to the cycle top is 1126 days, which ends up being May. Every cycle, Bitcoin has always put in a double bottom to mark its cycle low. As you can see, in 2022 we had two major crashes, and even though it’s not 100% clear here, we got a double bottom. The amazing thing about the first bottom in June 2022 is that it mirrored the first bottom of the cycle low of 2015. That fractal was a mirror, showing the importance of this first low in Bitcoin in June 2022. If we overlay the 2015 fractal, we get the top coming in May. For anyone who doesn’t know, the last two cycles, Bitcoin has taken 1064 days from Cycle Low to Cycle Top. 1064 days from the June 2022 low is May. ETH has a much clearer bottom than Bitcoin this cycle. It also took 1064 days, which puts it in May. So you can see, there is a lot of evidence pointing towards a May 2025 Cycle Top for Bitcoin. --- September/October 2025 1064 days from the second bottom in November 2022 would be October 2025. For years, I have been using this Major Macro Time Fibonacci sequence that shows me important moments in Bitcoin’s cycles. The last pointed to a move down to 48k in August 2023, which is hard to see on the 2Week chart. As you can see, it comes close to pinpointing moves, so the next date is the end of September 2025, which lines up with the 1064 days from November 2022. I have been following this Chainlink fractal for more than a year. We traded LINK using this fractal back in October 2023. You can check my TAs from that period. The fractal is still valid and tops in September 2025. Chainlink Fibonacci Time Sequence has been hitting home runs time and time again, from pinpointing the top all the way down to the bottom. The next date is late August 2025, very close to September 2025. --- March 2025 This date has far less weight for a cycle top but could be part of a major local top and correction. A small Time Fibonacci sequence taken from this level shows that March 31st is the next date, and the one after that is late August 2025, the same as the Chainlink fractal. 240% over 162 days is the average that Bitcoin moves up since 2019. If we just overlay the average, we get 127k by mid-February 2025. A mirror move from October 2023 to March 2024 puts us in March 2025. --- Elliott Wave Section I’m not an expert in this field but will throw in some takes. Could we possibly be in Wave 4 out of 5? Or could we be finishing Wave 3 right now and in for the first large correction of this bull market? The fact is, the last time we hit this band on this model was January 2021. After that, there was a 31% correction lasting 31 days. Sometimes 5 waves are very clear. Take GOLD, for example: there is a clear 5-wave pattern at max Fibonacci extension. This is a massive macro sell signal, in my opinion. Crazy how GOLD hit this level on Wave 5 as Bitcoin breaks 100k. --- ### **Price Targets If we take the first cycle and overlay to 2015 cycle, it gave us the cycle top in 2021. If we do the same for this cycle and overlay the 2015 cycle, we get a price target of 221k, which puts it at the top of my model in May 2025. Just discovered this—that’s one more point for May 2025. As you can see, in the last two cycles it worked. Will it work this time? Who knows. --- Pi Cycle Indicator If we just run a rough projection on when the next cross will be, it crosses in April 2025, very close to May. Keep in mind this is a very rough idea of when it could cross. --- Conclusion We have 5 points in favor of May 2025, 4 points in favor of September 2025, and 2 points for March 2025. As always, the path is never clear for Bitcoin. Until we get much further down the road, I won’t conclusively know which date it will be. This model I have been using has been so accurate thus far. We are so high up the last bands that we are most likely going to get some sort of long consolidation period with a correction soon, which would give the altcoin market a run.
BNC:BLXLong
by Sporia
12
ETH over the last year and now todayI wanted to zoom out of the chart that I provided yesterday identifying this potential for buying the dip. We did break down through bottom of ascending channel for just a fast wick but it likely indicates we are breaking out of this ascension. As you see there is a lot of potential for a sideways channel here at the top of the larger (slightly descending) sideways channel, here we could consolidate in the top third of the channel and then build up the courage to try to break out of top of this year long channel again, or break down and potentially trace all the way back to bottom of channel which as you see is as low as $2200. If we break that $3500 support, I will become short term bearish. Market has been strong though so good chance we maintain top of channel and try to break out again in the near future. IMO daily candle charts are the most important and reliable charts. I do like 4 hour candles as they are more granular for seeing trends and are pretty close to as reliable and I often look at 1 hour candles for a pulse on the now but generally speaking, the shorter candle you use, the less you can rely on it. Lets take a look at the break down of the daily candle. --------------------------------------------------------------- # ETH/USD Analysis – Daily Chart 📊 ## Structure and Price Action: **Ascending Channel with Breakdown Risks** ETH/USD is currently trading within a **parallel ascending channel**, with price oscillating between its upper and lower bounds (green lines). Recently, the price sharply rejected at **$4,100** and is now testing the **lower trendline support** near **$3,500**. **Bearish Rejection Near Key Resistance** Sellers emerged strongly at the **$4,100 Bearish Order Block (OB)**, leading to a steep reversal. This highlights a significant supply zone at this level. **Approaching Key Demand Zone** The price is nearing **Bullish Order Blocks (OB)** around **$3,500–$3,600** (green zones), where buyers have defended historically. This is a critical support area within the larger channel. --- ## Support and Resistance: **Immediate Resistance** - **$3,600–$3,700**: Overhead resistance zone, aligned with EMA 20 and mid-channel range. - **$4,100**: Major supply zone, previously rejected at this level. **Key Support Levels** - **$3,500**: Current demand area reinforced by a key trend line - **$2,800–$3,000**: Next structural support if breakdown occurs. --- ## Indicators **EMAs (20/50/100/200):** - The price has dropped below **EMA 20 ($3,800)** and **EMA 50 ($3,750)**, indicating short-term bearish momentum. - **EMA 100 ($3,610)** is providing immediate dynamic support. - **EMA 200 ($3,380)** remains a critical long-term support level. **Parabolic SAR** - SAR dots are below the candles indicating an up wave in progress but it seems muted. **Volume** - Recent sell-off saw a **volume surge**, confirming active participation in the pullback. **Stochastic RSI** - Currently **oversold** (9.30/26.79), favoring a short-term bounce from this zone. **Money Flow Index (MFI)** - MFI is sitting at **51.26**, indicating neither overbought nor oversold conditions but showing signs of selling pressure easing. --- ## Pattern Analysis: **Ascending Channel Breakdown Risk** ETH/USD is testing the **lower channel boundary ($3,500)**. A breakdown below this level could invalidate the top of channel, leading to bearish momentum targeting lower support levels. --- ## Probabilistic Outlook **Bullish Scenario (Primary Case):** If buyers defend the **$3,500–$3,600** zone with rising volume: - **First Target**: $3,800–$3,850 (EMA 20 and mid-channel resistance). - **Second Target**: $4,000–$4,100 (upper channel resistance). **Bearish Scenario (Alternate Case):** If the price closes below **$3,500**: - **First Target**: $3,200 (next structural support). - **Second Target**: $3,000–$2,800 (psychological level and major demand zone). --- ## Key Signals to Watch: 1. **$3,500 Support**: Holding or breaking this level will decide the next move. 2. **Volume Confirmation**: Rising volume on bounce or breakdown strengthens directional bias. 3. **Stochastic RSI Oversold Levels**: Signals a possible bounce unless selling pressure increases. --- ## Order Book Update: Order books continue to look dirty but with potential for recovery. Both asks and bids tracking a downward trend, asks is staging a potential ascending channel though many times asks have lost a bit more than bids on pullback, indicating negative trader sentiment or fear in the market, it is in a position to change course over the next days but until it does, books are under pressure. --- ## Conclusion: ETH/USD is at a **critical inflection point**, testing the lower trendline of the ascending channel converting to a sideways channel to consolidate before breaking out or breaking down. Bulls need to defend **$3,500** to sustain the medium term bullish structure. A successful defense targets **$3,800–$4,100**, with anything higher than $4100 starting a new breakout and while failure to maintain $3500 opens the path toward **$2,800** or lower. 🔍 **Monitor volume, key support levels, and stochastic momentum for confirmation.** 🚨
COINBASE:ETHUSD
by EncryptShawn
$USUAL Token Surge 267% After Listing: What’s Driving the Rally?The cryptocurrency market witnessed a standout performer in $USUAL, which surged 267% after its listing on major exchanges, including Binance. This Ethereum-based altcoin soared from $0.35 to a peak of $1.28 within hours, showcasing significant investor interest. Let’s delve into the fundamental and technical factors fueling this impressive performance. About $USUAL $USUAL powers the Usual Protocol, a decentralized fiat stablecoin issuer with a unique governance structure. It integrates three tokens into its ecosystem: 1. USD0: A stablecoin fully backed by short-term, liquid, and risk-free assets, ensuring composability and transparency in DeFi. 2. USD0++: A liquid staking token that distributes rewards in $USUAL. 3. $USUAL: A governance token directly tied to protocol revenue, granting ownership and decision-making rights to its holders. This innovative structure aligns user incentives and drives adoption of USD0, making $USUAL pivotal to the ecosystem’s growth. Its intrinsic value, derived from real cash flows, positions it as a game-changer in the DeFi landscape. Fundamental Highlights Listing Impact: The token’s debut on Binance, Bitget, and other prominent exchanges significantly boosted liquidity and visibility, propelling its price to an all-time high of $1.29. Market Activity: With a 195.60% increase in trading volume, totaling $1.64 billion in the last 24 hours, $USUAL has captured the market’s attention. Market Cap & FDV: At $552 million, $USUAL ranks #183 on CoinGecko, with a fully diluted valuation of $571 million. Technical Analysis The daily chart of $USUAL depicts the formation of a symmetrical triangle, a pattern often associated with potential breakout scenarios. A breakout above the triangle’s resistance could initiate another rally, targeting higher highs and reaffirming bullish sentiment. Immediate support lies near $0.80, reflecting investor confidence in this price zone. While the RSI IS not overbought, $USUAL’s momentum indicates strong buying interest, bolstered by its fundamentals and ecosystem utility. Future Potential $USUAL’s unique proposition as a governance token tied to real cash flows, combined with its stablecoin backing and staking mechanisms, positions it for sustained growth. However, traders should remain cautious, as breakout patterns may also lead to short-term corrections. Conclusion The $USUAL token is making waves with its robust performance, driven by a strong listing impact and innovative ecosystem fundamentals. As the DeFi space evolves, $USUAL’s decentralized approach to stablecoin governance and intrinsic value alignment could redefine the sector. Investors and traders should watch for a breakout from the symmetrical triangle for further bullish momentum.
UNISWAP3ETH:USUALWETH_14154C.USDLong
by DEXWireNews
$PATRIOT Coin Soars 286% in Two Days: What Next?The cryptocurrency market has seen a variety of tokens tied to political narratives, but $PATRIOT, a token on the Ethereum blockchain, has recently grabbed headlines. Over the past two days, $PATRIOT surged by an impressive 286%, with market dynamics reflecting both technical and fundamental drivers. Here’s a breakdown of the key factors behind this meteoric rise and what lies ahead for the token. The Narrative Behind $PATRIOT $PATRIOT positions itself as more than just a cryptocurrency; it is a tribute to Donald J. Trump, celebrating his legacy of patriotism and his policies centered on economic growth, constitutional preservation, and national security. The token’s mission includes commissioning a bronze statue of Trump, symbolizing a new global movement aligned with traditional American values. This narrative has resonated strongly with a segment of the crypto community, leveraging Trump’s outspoken support for cryptocurrencies and his “America First” ideology. The token’s launch coincides with increasing political polarization, which may have fueled speculative interest. Trading Activity and Market Presence $PATRIOT’s trading activity has been robust, with a 24-hour volume of $6.44 million—a 23.40% increase from the previous day. The token is actively traded on platforms like Uniswap V2 and V3 (Ethereum), as well as Gate.io. The PATRIOT/WETH pair on Uniswap V2 recorded a trading volume of $4.38 million in the last 24 hours, indicating high liquidity and trader interest. Market Performance - All-Time High: $PATRIOT recently hit an all-time high of $0.008092, approximately 8 hours ago, before retracing slightly to its current price. - All-Time Low: The token’s lowest recorded price was $0.0003153 on November 12, 2024, marking a staggering 2,293.24% increase to date. - Market Cap: $PATRIOT boasts a market cap of $76.8 million, ranking #675 on CoinGecko, with a fully diluted valuation matching its circulating supply of 10 billion tokens. Comparative Performance In the past seven days, $PATRIOT’s price has risen by 303.70%, outperforming both the global cryptocurrency market (-2.40%) and Ethereum ecosystem peers (+12.70%). This extraordinary growth suggests that the token’s unique narrative and market positioning have struck a chord with investors. Technical Analysis $PATRIOT’s recent price surge has created a highly overbought condition, signaling caution for traders. 1. Relative Strength Index (RSI) The token’s RSI currently stands at 91, well above the overbought threshold of 70. This indicates that a short-term price correction is highly likely as the market seeks equilibrium. 2. Fibonacci Retracement Levels Immediate support is located at the 61.8% Fibonacci retracement level. This level serves as a critical buy zone and could act as a springboard for another rally if tested. 3. Key Resistance Levels Should the rally persist, the next significant pivot point lies at $0.012. Breaking this level could open the door for further upward momentum, though market conditions and sentiment will play a crucial role. 4. Price Movement and Volatility $PATRIOT is currently up 27% in the last 24 hours, maintaining its bullish trajectory. However, traders should be wary of increased volatility as profit-taking and market corrections set in. What’s Next for $PATRIOT? While $PATRIOT’s narrative-driven approach and robust trading activity have contributed to its recent success, the token’s overbought condition suggests that a cooldown phase is imminent. Long-term prospects will depend on the team’s ability to maintain community engagement and deliver on promises such as the Trump statue initiative. Investors should keep a close eye on the 61.8% Fibonacci retracement level for potential entry points, while monitoring broader market sentiment and $PATRIOT’s ability to sustain its narrative momentum. Conclusion $PATRIOT’s remarkable 286% surge highlights the growing influence of political narratives in the cryptocurrency space. While the token’s fundamentals and community backing provide a solid foundation, its technical indicators urge caution. As the market evolves, $PATRIOT will need to balance its symbolic appeal with tangible value to secure its place in the highly competitive crypto landscape.
UNISWAP:PATRIOTWETH_32C6D4.USDLong
by DEXWireNews
ETHEREUM → Consolidation after a bearish trend breakBINANCE:ETHUSD is consolidating within the flat boundaries of 4085 3530. In general, there is a bullish trend, the fundamental background is also favorable except for yesterday's news, which creates a small risk... The price is at a strong resistance between 4090 and 4100 and it will take a lot of energy to break this area. Yesterday's news was generally controversial but with a negative bias. Despite the decline in interest rates, there were strong hints of stopping the decline and taking a hawkish course. Bitcoin is giving a small correction against this backdrop, which is negative for altcoins. Ethereum technically did not break the bullish structure, a very strong support area of 3530 - 3440 is formed on the chart and with high probability a retest is possible, a liquidity grab with the aim of further growth. There are risks for further fall, they can be taken into account, but we can consider an attempt of growth as a priority. Resistance levels: 4086, 4100, 4372 Support levels: 3530, 3440, 3261 Since the price is inside the consolidation, our strategy is simple - trading from the channel boundaries. Accordingly, based on the current situation, we should consider a retest of support before further growth. Regards R. Linda!
Long
by RLinda
5
KASPA - Poised for an Upward Trajectory (TA+TRADE PLAN)Technical Analysis of KASPA (KAS/USDT) Falling Wedge Pattern: The chart indicates a classic falling wedge pattern, a bullish reversal formation. The price is approaching the breakout point where resistance has converged with support, as marked on the chart. The breakout above the resistance line suggests a potential upward trend. Volume Analysis: A spike in trading volume near the breakout area confirms increased interest and possible momentum shift. Momentum Indicators: VWMCipher B Divergences: Displays bullish divergence, supporting a potential price increase. RSI (Relative Strength Index): At ~27, indicating oversold conditions. This signals a potential upward price movement as the asset appears undervalued. Arty Money Flow Index (MFI): At ~24, indicating an oversold condition with possible accumulation. Stochastic Oscillator: Oversold levels at 32.5, crossing upwards, indicating a buy signal. Potential Targets: Short-Term Target: $0.14 (breakout confirmation). Mid-Term Target: $0.18 (previous resistance level). Long-Term Target: $0.22–$0.24 (major resistance zone from earlier trends). Risk Level: Support at ~$0.12. A breakdown below this level invalidates the bullish thesis, making this a critical stop-loss level. Trading Plan Entry Points: Initial Buy Zone: Enter near the breakout point (~$0.128-$0.132) to capitalize on bullish momentum. Confirmation Entry: Add to the position once price closes above $0.14 with strong volume. Stop Loss: Place a stop-loss slightly below $0.12 (e.g., $0.118) to limit downside risk if the breakout fails. Profit-Taking Strategy: First Take-Profit (TP1): At $0.14 (~10% gain) to secure initial profits. Second Take-Profit (TP2): At $0.18 (approximately 40% gain from entry). Final Target (TP3): $0.22-$0.24 for long-term holders seeking maximum gains. Position Sizing: Allocate 2–5% of your portfolio, depending on your risk tolerance. Keep capital reserved for potential averaging down if needed. Trailing Stop: Implement a trailing stop once the price exceeds $0.18 to lock in profits while allowing room for further upward movement. Risk Management: Maintain a Risk-Reward Ratio of at least 1:3. Adjust trade size to manage risk effectively. Monitoring: Regularly check volume trends, RSI levels, and significant market news affecting KASPA. Be cautious of overall cryptocurrency market sentiment, as broader trends often impact altcoins. This falling wedge setup, combined with oversold indicators and volume confirmation, suggests KASPA is primed for a bullish breakout. Stick to the trading plan and employ disciplined risk management to maximize returns while minimizing potential losses.
Long
by elfabiiani
3
ETH "Buy the Dip" opportunity?The pullback I outlined in my last ETH post came to fruition, however, there was a surprise retest of resistance before failing again and pulling back. Now we are at the bottom of the ascending channel but if we lose support here, it looks like we may be forming a sideways channel, in light blue lines on the chart. With support of bottom of channel and 200 EMA on the 4h candle, seems like a good chance to hold here. Lets look at the details. ------------------------------------------- # ETH/USD Analysis – 4H Chart 📊 ## Structure and Price Action: **Parallel Ascending Channel** ETH/USD is trading within a **parallel ascending channel**, with price oscillating between the upper and lower bounds (green lines). The price is currently testing the **lower trendline support** of the channel, following a recent rejection near the **$4,000–$4,050** region. **Bearish Rejection at Resistance** Sellers stepped in at the **$4,050 Bearish Order Block (OB)** (red zone), leading to a sharp reversal. This indicates heavy supply at this level, halting upward momentum. **Bullish Order Block Retest** The price is approaching multiple **Bullish Order Blocks (OB)** around **$3,500–$3,600** (green zones), a strong demand area where buyers previously defended. --- ## Support and Resistance: **Immediate Resistance** - **$3,800–$4,000**: Key resistance zone aligning with the upper channel boundary and recent bearish OB. - **$4,050**: Critical rejection level and prior swing high. **Key Support Levels** - **$3,500–$3,600**: Primary demand zone, reinforced by bullish OBs. - **$3,300**: Secondary support area in case of deeper pullback. --- ## Indicators **EMAs (20/50/100/200):** - Price has fallen **below EMA 20 ($3,880.60)** and **EMA 50 ($3,810.46)** – short-term bearish bias. - **EMA 100 ($3,613.86)**: Acting as dynamic support near the current price. - **EMA 200 ($3,380)**: Long-term support level. **Parabolic SAR** - SAR dots are **above the price**, signaling bearish momentum. Watch for a shift below the price for trend reversal. **Volume** - Volume **spiked on the recent drop**, reflecting increased selling pressure near the lower channel boundary. **Stochastic RSI** - Stochastic RSI is **oversold** (3.69/7.86), signaling potential for a short-term bounce. **Money Flow Index (MFI)** - MFI sits at **23.89** (oversold), suggesting buyers may soon step in. --- ## Pattern Analysis: **Ascending Channel Breakdown Risk** ETH/USD is at the **lower channel support ($3,600)**. A breakdown below this level could invalidate the bullish channel and trigger bearish momentum. --- ## Probabilistic Outlook **Bullish Bounce (Primary Scenario):** If buyers defend the **$3,500–$3,600** zone and volume increases: - **First Target**: $3,800–$3,850 (EMA 20 and recent resistance). - **Second Target**: $4,000–$4,050 (upper channel resistance and bearish OB). **Bearish Breakdown (Alternate Scenario):** If price closes below **$3,500**: - **First Target**: $3,300 (next significant support). - **Second Target**: $3,200–$3,000 (psychological support and structural zone). --- ## Key Signals to Watch: 1. **Lower Channel Support ($3,600):** Break below = bearish continuation. 2. **Volume on Breakdown or Bounce:** Rising volume confirms the move. 3. **EMA 100 Support ($3,613):** Holding this EMA could trigger a short-term bounce. 4. **Stochastic RSI and MFI:** Both oversold; favoring bounce unless sellers persist. --- ## Order books Took a significant hit, losing about 15% of its prior levels. The market depth ration has remained stable, inferring bullish sentiment overall but weakening books can deteriorate this, we will look for order book levels to recover past today's levels to validate reversal. ## Conclusion ETH/USD is at a **critical juncture** within the ascending channel. Buyers must defend **$3,600** to maintain the bullish structure. A successful bounce targets **$3,800–$4,000**, while a breakdown below **$3,500** could open the door for a decline toward **$3,300–$3,200**. 🔍 **Watch volume and key support levels for confirmation of the next move.** 🚨
COINBASE:ETHUSDLong
by EncryptShawn
Bitcoin 30% correction Warning Extreme Greed 🔸Hello traders, today let's review 8hour price chart for BTCUSD and potential reversal zones. This market is maxed out already / overheated. I'm expecting a 30% correction into end of January 2025 🆘. 🔸All the positive mid-term catalysts are already priced in the current market price, there are no further catalysts until DJT Inaguration. Therefore, expecting 30% correction based on extreme greed conditions. 🔸Recommended strategy for position traders: Short sell at market, SL at recent high, TP1 80 000 USD TP2 75 000 USD. swing trade setup so naturally takes more time to complete. Bulls should exit the market and wait for a better entry price later in January 2025. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BITSTAMP:BTCUSDShort
by ProjectSyndicate
20
ETHUSD 12h 20% pullback SHORT from BEAR Order Block🔸Hello traders, today let's review 12hour price chart for ETHUSD . strong gains recently off the range lows ,however currently upside limited by heavy sell side liquidity / order block at 3800/3850 usd. 🔸Trading right now at 3660 USD, impressive recovery off the lows however sell side liquidity / order block at 3800/3850 caps immediate upside, therefore bulls should be cautious with new buys since I'm expecting pullback once we trigger overhead liquidity. 🔸Recommended strategy: SHORT SELL from overhead resistance at 3800/3850 USD, SL 3950 USD, TP1 3550 TP2 3150 USD. 20% unleveraged gains off the highs, expecting pullback. good luck! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BINANCE:ETHUSDShort
by ProjectSyndicate
23
Ethereum Name Service Launches Namechain on Linea’s zkEVMThe Ethereum Name Service ( NYSE:ENS ), a pioneer in decentralized identity and blockchain-based naming systems, is taking a bold step forward with the launch of Namechain, its own Layer 2 (L2) solution. Powered by Linea’s zkEVM technology, Namechain is poised to revolutionize blockchain address management, offering enhanced scalability, reduced costs, and expanded functionality for the Web3 ecosystem. Why Namechain and Why Now? NYSE:ENS has long been at the forefront of simplifying blockchain interactions. By converting complex Ethereum addresses into human-readable names like "john.eth," ENS has made the decentralized web more accessible. However, as the protocol has grown to support decentralized identity, user profiles, website hosting, and DNS interoperability, the need for a more scalable infrastructure has become evident. Enter Namechain – a strategic response to these challenges. Built on Linea’s zkEVM, Namechain combines cutting-edge technology with ENS’s robust naming protocol to deliver unparalleled performance. Technical Foundations: Why Linea? The decision to build Namechain on Linea’s zkEVM followed a rigorous evaluation by ENS Labs. Two standout features of Linea made it the ideal choice: 1. Type 2 zkEVM Compatibility: Linea’s zkEVM ensures seamless bytecode compatibility with Ethereum, enabling the reuse of existing smart contracts and tooling without modifications. 2. High-Performance Prover: Linea’s rollup architecture offers fast state confirmation, ensuring reliable and efficient name resolution. Moreover, Linea’s multi-client compatibility with Ethereum execution clients like Geth and Besu enhances ecosystem resilience, ensuring robust infrastructure for ENS’s evolving needs. Proven Collaboration and Ecosystem Benefits ENS and Linea share a strong history of collaboration. Notably, Linea was the first L2 team to implement CCIP-Read (ERC-3668), enabling decentralized cross-chain name resolution for over 530,000 linea.eth subnames. This partnership validated ENS’s L2 integration capabilities and demonstrated Linea’s technical prowess. The move to L2 addresses several key challenges: - Higher Throughput: Increased transaction capacity enables faster registration and renewals. - Cost Efficiency: Significantly lower fees make ENS services accessible to a broader audience. - Extensibility: Advanced naming features and complex resolution logic become feasible on L2. Namechain’s Impact on Decentralized Identity ENS’s role extends beyond address resolution; it underpins decentralized identity across Web3. Namechain amplifies this mission by offering a scalable solution that supports: - Permissionless User Profiles: Enabling decentralized identity systems to flourish. - Decentralized Hosting: Facilitating censorship-resistant websites. - DNS Interoperability: Bridging traditional and blockchain-based naming systems. Market and Technical Outlook for NYSE:ENS Despite the groundbreaking announcement, NYSE:ENS is currently trading at $42.17, down 2.17% in the last 24 hours, with a market cap of $1.48 billion. Technical indicators suggest a potential bullish reversal: - RSI at 48: Indicates steady momentum. - Key Resistance Level: A breakout above the 1-month high of $50 could confirm a bullish reversal pattern. Fundamentally, the launch of Namechain positions ENS as a critical player in the evolution of decentralized identity, aligning with the growing demand for scalable and efficient blockchain solutions. A Vision for the Future The partnership between ENS and Linea represents a significant leap forward in blockchain technology and decentralized identity. By combining ENS’s innovative naming protocol with Linea’s advanced zkEVM architecture, Namechain promises to set new standards in scalability, cost-efficiency, and functionality. ENS Labs invites the broader technical community to participate in this journey through open-source contributions and feedback. Together, they aim to shape the future of decentralized identity and blockchain-based naming systems, paving the way for a more intuitive and accessible internet. About Ethereum Name Service (ENS) ENS is a distributed, open naming system built on Ethereum. It simplifies blockchain interactions by converting machine-readable addresses into human-readable names. With its decentralized and extensible framework, ENS is a cornerstone of the Web3 ecosystem, driving adoption and innovation in blockchain technology.
Long
by DEXWireNews
New wave up to 80%+ on VITEToday, another delisting announcement was released, in connection with which I warned against working with coins of the monitoring tag in the first half of the week. Now the coins that were not included in the announcement are becoming interesting. First of all, this is VITE, which is the most oversold at the moment. Last week, a signal was left for further overshooting and a likely test of the key level of 0.025, opening the way to 0.035-50. Given the assignment of the monitoring tag, I do not think that the price will easily gain a foothold above this level, despite the strong signal for a retest of about 0.035. So far, the most likely scenario is a test of the 0.0225-75 flat range with a further rebound and determination of the closing level of the year, depending on the overall market dynamics. The month opened above 0.014, the second half of the month above 0.015, which is also a signal for growth to 0.02+. The zone of the set of positions is the flat range of 0.014-16 near the key level of 0.015. In the absence of a deeper drawdown on the tops today, the weekly candle will begin to turn bullish today and we will not see prices below the current VITE. In the event of an additional market drawdown after the decision on the US interest rate, VITE will probably be quite effective in compensating for the market drawdown, due to the high growth potential and after the flat it will give a breakdown on Thursday-Friday against the background of the general market growth in the second half of the week. On the 0.025 test, it is worth carefully monitoring the dynamics, since there is a probability of a breakdown immediately by 0.035 within the framework of the reversal of the annual candle. But even if there is no consolidation above the level, the current wave of growth can bring up to 75% profit. Also, from coins with the monitoring tag, HARD and FIRO can show pleasant growth waves, although they currently have lower goals of up to 30-50%. VITE with a target of growth to 0.025 and VIB with a target of 0.15 are the most oversold coins on the binance, which have not yet shown a reversal of the annual candle, which may return them to the top of growth in the coming days similar to last week. As I have repeatedly written, for most overbought coins that have been on the radar for the last two months and have shown significant growth, the probability of continued sales prevails until the beginning of the new year.
Long
by Strateg_
ETH. Ethereum’s Potential Surge to $7,000. 12/18/24BINANCE:ETHUSDT The current price of Ethereum is nearing a level historically associated with resistance to further growth. Specifically, ETH is attempting to surpass the $4,095 mark, and it will be intriguing to see if it succeeds. Should the price break through this resistance, a powerful upward movement could follow. I recommend using the current chart and the $4,095 price level as a reference point for analyzing other altcoins. If Ethereum manages to break this level, it may influence the performance of other cryptocurrencies as well. The all-time high is $4,868, and if the current resistance level ($4,095) is breached, the next growth target will be this historical peak. Locally, we might witness a correction to around $3,800, followed by a rebound and further breakout to $4,000. In the case of a more significant correction, I plan to add to my position at the $3,618 level. My targets for Ethereum in Q1 2025: $6,000–$7,000. Keep this in mind. Ultimately, what you decide to do is entirely up to you. DYOR.
Long
by trendbooster
6
BTC | ETH | ALTSEASONBitcoin is trading just underneath yet another ATH, and I'm watching the ETH chart in anticipation for a new ETH All Time High - there is just no way that BTC makes such a marvelous high and Eth stays behind. The beauty of this, furthermore, is that during and especially AFTER a new ETH ATH, we can expect to see more rallies across the alt market, especially on the coins that have been lagging behind. This however, will also signal the beginning of the end of the bullish cycle. This post specifically delves into more detail on TOTAL3, BTC.D and the Bitcoin chart. You can to watch it for key indications as to when the bullish cycle is turning bearish: _______________________________ CRYPTOCAP:BTC.D BINANCE:ETHUSDT BINANCE:BTCUSDT
Long
by CryptoCheck-