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ETHBTC Analysis 08/06/19Ethereum keeps struggling against the Bitcoin with no sign of any attempt by the buyers that would lead us to expect some relief in the near-term. The pair keeps diving toward new year lows, for now sitting at 0.019 BTC. Sellers are fully in control as they have since the beginning of the year. Ethereum is strongly suffering from Bitcoin's dominance that keeps rising. Stochastic is showing some bullish divergence with current price trend but as this isn't backed by volume, we could see the stochastic oscillator crossing back below the oversold line. There is still no sign of any reversal and we expect rebounds to be sold in the near term. Raphaël Comte Investment Analyst at Token Metrics Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com .
by tokenmetrics
ETHBTC Analysis 08/05/19Ethereum broke through the 0.02 level, making a new year low at 0.0194. Since the beginning of the year, Ethereum has kept making lower lows and lower highs. Bitcoin dominance keeps growing is now at 67.7% vs 65.5% last week. Bitcoin's pumping phase is not over and sends a clear signal that investors are not yet inclined in transferring some of their funds in bitcoin toward altcoins. With the federal reserve rate cut and the continuing quantitative easing, we expect risk-appetite to grow among investors on the medium-term. The stochastic oscillator has bounced back from the oversold zone, showing a crossover. However, volume remains low, therefore any entered position should be done with caution. As ethereum keeps evolving in a strong downtrend, we expect any rebound to be short lived, sellers taking them as advantage to enter. We expect the downtrend to continue in the near future. Raphaël Comte Investment Analyst at Token Metrics Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com .
by tokenmetrics
1
ETHBTC Analysis 08/01/19ETH continues its lower drift toward the year lows and support level at 0.02. ETHBTC remains bearish and doesn't show any sign of reversal as BTC dominance keeps climbing. A bounce could be expected around the 0.02 level but buyers would have to reclaim the 0.023 level and hold it in order to bring some relief. Raphaël Comte Investment Analyst at Token Metrics Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com .
by tokenmetrics
Ethereum (ETH) Bulls Eyeing New HighsYesterday's daily close above the $300 key resistance meant that Ethereum bulls are likely eyeing new highs. That said, the market could see further consolidation within the ascending triangle pattern in the next few days but a test on the upper triangle at $325 - $330 is very likely. Even though this kind of pattern tends to be bullish biased, we should not make any hasty conclusion as the market has yet to solidify its course, which can only be confirmed by a prevailing breakout from the triangle. Until then, there are two things to watch out for: 1. A trend reversal as price protrudes from the upper triangle, as what the sample pattern on the upper right illustrates. 2. A breach below the lower triangle is probably the best time to exit the market.
BITFINEX:ETHUSD
by UnknownUnicorn4306966
2
Ethereum Bears Showing Their StrengthEthereum on the daily time frame broke the low of $233 which was support and it’s clearly more bearish than Bitcoin and the others. Our new daily lower high is $254.4 and anything under that level is just a lower high of a bounce attempt. The next support is at $222.8, really important support level because after that, there is no nearby support level and would be notable. This is a scenario where all the top cryptocurrencies are going down, Ethereum is simply going down faster and we can clearly see that in the ETH/BTC chart. The 4 Hour chart was certainly indicating a lack of strength even though it was a trend change. There was barely any continuation after we changed the trend, hitting $251. A lot of upper wicks started to appear which indicates lack of strength and bears holding the price. Nonetheless a bullish candlestick is forming in the 4 Hour Chart and the RSI is getting closer to the oversold zone which could indicate a small bounce but we have to be cautious and realize we are still in a downtrend on the daily chart. Ethereum 2.0 development is on schedule and might play an important role when it’s finally completed, although this is planned to happen in 2021 so it is still a long way until that.
BITFINEX:ETHUSD
by WhaleAgents
1