ETHBTC at a cycle bottomBINANCE:ETHBTC appears to be reaching a cycle bottom. Sentiment is quite sour (and for good reason). But has things really changed? Just seems like a typical decline while Monthly RSI as at the same level as 2019 with very similar timeframes. Total value locked in DeFi is increasing. Volume is picking up while DEFI dominance is steady, i call that bullish divergence.
ETHBTC
An Optimistic But Volatile Future Ahead For EthereumHi everyone, I should preface and say I am a relatively new ETH investor. I was primarily a strict BTC maxi since 2017, but after putting in the time last year to learn about ETH and what its core philosophy is, I understand it better and I am actually very interested in what it is capable of! I think many of the ETH community can vouch for that. It's hip, cool, and experimental. I honestly think there are many BTC maxis that refuse to accept this is fundamentally a different project than BTC was- not just technologically. For those not involved in crypto- or are just average retail investors, ETH may just seem like a 2nd coin behind BTC that does all the same stuff "basically". That was just me being naïve and stupid, and I unironically thought like this for years.
I love the fact that the ETH community rallies behind it so hard. They are a very different group than many of the BTC investors I follow and have followed in the past. They seem to have a really strong core and tight knit community that do not care much about what 3rd party entities will tell them what to do or who to be. The developers (mostly) all seem incredibly passionate and want to really create practical and also experimental projects. I think mentioning this context is essential in my TA because ETH investors fundamentally believe in the core project so much that I think they will successfully create some type of "mainstream" adoption within the next 10 years. I have no clue how that will look like- and I don't think anyone does yet. But the ETH community has a strong spirit that I do not see breaking- ESPECIALLY with Larry FInk and BlackRock still in the equation. They just partnered with Securitize and are going to slowly begin to execute their "tokenization" of assets. This leads into the biggest news of the year for Ethereum, the ETF.
As much as I want this ETF to pass on May 23rd, it will not. I don't know how it will go down, but this will be prolonged somehow. And I do not see the market reacting lightly to the news for the mid term (basically all summer). Gary Gensler really does not seem comfortable even speaking about ETH any time he is being recorded. The SEC is currently asking for more funding to lawyer up against the potential future court cases that WILL happen when the ETF gets denied. The SEC seem incredibly nervous about opening up a door that can't be shut- if the ETH ETF gets approved, I can only imagine how many other chains will want to have their own ETF... No matter what you think of other coins, it seems like the SEC and Gary really do not like crypto all that much and are only really willing to let BTC slide. I think they want congress to eventually enact real legislation against cryptocurrency as a whole in the future.
I think something will happen in between May 23rd and August 7th, the day BlackRock's ETF filing expires- but I'm not sure what exactly. I think the most likely case is they go to court and the SEC loses in court. Maybe the ETF gets approved with an amendment that there can be no staking the ETF? Do people even care about this? (sorry if so) The best current argument seems to be that there exists ETH Futures ETF, so why would an ETH ETF be an issue? And then by August 7th, the BlackRock ETF should be approved and Ethereum is going to launch. My gut tells me it goes for the 10k push into the end of the year, and then we consolidate early 2025 with a final blowoff maybe middle of 2025. Who knows after that, prob bear/crab market until next halving like close to 2028-2029 or around there.
Very exciting times ahead! Personally I'm incredibly nervous with my investment in ETH. I'm still a BTC maxi to the core because it really is just the best sound money to ever exist. I really consider it my true savings account at this point. But ETH is my risk bet. I fully trust in that ETHBTC ratio and have watched that thing for years- despite never having any interest in purchasing Ethereum. I've also gotten burned in the past- having bought LTC at its peak in 2017 and holding still to this day... I have no more faith in that project honestly. I don't want this to happen to ETH, and I can say that I really do believe in its community. I hope the developers and companies out there innovate some really cool things that make our lives better/easier. But I do see ETH really as a long term investment, whereas BTC at this point for me is essentially just savings that I am not getting rid of anyways.
Cheers everyone, I think no matter what, that if you own ETH and you hold, you will win in the long run. Good luck to the traders too!!
Ethereum's Key Moments: Ascending Channel Support & Future Prosp📈💼 Ethereum's Key Moments: Ascending Channel Support & Future Prospects 🚀💡
First check this out: It means a lot to me when analysis is aging so good! Sold before 5k, bought back in below 1000$ and many excellent posts in between..wow!
Today, we're diving deep into Ethereum and the critical ETHBTC chart. Starting with the ETHBTC perspective, we're currently stationed at a pivotal support level, specifically at ETHBTC 0.051. This point marks the lower boundary of an ascending channel. Our analysis leads us to believe there's a 70% likelihood Ethereum will outpace Bitcoin in the coming period or at least mitigate losses better.
Ethereum's Positioning: A Closer Look
The ETHBTC chart highlights a prime buying opportunity, underscored by its position on a significant support level. Shifting focus to Ethereum's individual performance, we recall a notable breakout, aligning with our successful past strategies - selling before Ethereum hit the $5,000 peak and re-entering the market at the $930 mark. These moves have placed us in an advantageous position, primed for repetition.
Strategic Insights and Expectations
Ethereum's current support sits around $3,300, with projections pointing towards a rise to the $6,000 threshold and potentially reaching $9,958 in the foreseeable future. This optimistic outlook is supported by Ethereum's role as a pivotal blockchain, bridging the crypto domain with the real economy.
Looking Ahead: Ethereum and the Regulatory Landscape
Discussions around BlackRock, the SEC, and the anticipation of an Ethereum ETF paint a bullish picture for Ethereum. Despite the ongoing scrutiny by the SEC, the underlying fundamentals and strategic positions suggest a strong upward trajectory for Ethereum.
In conclusion, Ethereum stands at a crucial juncture, supported by technical analysis and buoyed by potential regulatory advancements. The strategic positions adopted now could set the stage for substantial gains, reflecting Ethereum's growing influence and utility in bridging traditional and digital finance sectors.
🌟🌟🌟Lastly allow me to say this could be a great time to look some Ethereum AI Alts: 🌟🌟🌟
One Love,
The FXPROFESSOR 💙
Links:
Ethereum Layer 2s and Active Addresses Analysis
Can Ethereum Break Through $4,000 Amid SEC Scrutiny?
#ETHBTC - Forward!This chart is best seen in regular scale rather than logarithmic
ETHBTC have printed a solid pennant or symmetrical triangle and shouldn't take much longer to break up equivalent to BTC once it broke up 20k!!!
Have in mind that this is HTF, Monthly chart in this case and you could be looking into 6 months to 1 year of price developing in these areas, being positive.
This bull market might also be BTC pairs leading ALTs/USDT as we saw earlier in 2017 and that would actually be awesome to accumulate BTC.
ETHBTC About to take off. Ethereum expected to gain massively.It has been more than 5 months (October 07 2023, see chart below) since we last published our view on the ETHBTC pair, when we discussed that the 2022/ 2023 Channel Down was a matter of time to reverse as soon as it would hit the Higher Lows trend-line of 2019:
As you can see, the pair started to trend upwards after touching the Higher Lows trend-line on the week of December 18 2023, posting a series of Higher Highs and Higher Lows. The fact that the 1W RSI became oversold below 30.00 and then started trending upwards on Higher Lows, is a clear sign that the pair bottomed, similar to the bottom of September 02 2019.
What followed then was a break above the 1W MA50 (blue trend-line) and then a sustainable series of Higher Highs and Higher Lows until the 1W MA200 (orange trend-line) broke also and turned parabolic.
For now we have had 2 rejections on the 1W MA50, so in our view that is the confirmation signal. As soon as the price breaks above it, we expect ETHBTC to first target the bottom of the 3-year Resistance Zone at 0.08300 and then conclude the Bull Cycle marginally above the 1.5 Fibonacci level, but we will maintain Target 2 there at 0.1200.
Bottom line: Ethereum is expected to gain massively against Bitcoin over the next 12 months.
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ETH is bearishConsidering the bearish CH and pullback to the order block, it seems that the price is trying to drop more
The target is the bottom box.
Closing a daily candle above the invalidation level will violate this analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
AVAX Will MOON Like ETH MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here
AVAX has had a very strong breakout , These breakouts can often continue longer than people think. AVAX is retesting the neckline here and should follow ETH into a bull market and parabolic move . It should continue to moon with some patience. This has very good market structure and good price action . These structures are how you can make good returns on investment / on your trade
Please watch the video for more information
The key is whether it can rise above 3900.73-4294.78Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(ETHUSDT 12M chart)
The BW indicator is an indicator expressed by combining MACD, StochRSI, CCI, superTrend, and PVT indicators.
By displaying this BW indicator on the price chart, we made it intuitive to understand.
Therefore, points marked with the BW indicator can be used as support and resistance.
The key is whether it can rise above the Fibonacci ratio 1 (5005.30) and renew the new high (ATH).
If the price holds above 5005.30, the next target is expected to be 1.618 (7362.80).
(1M charts)
It has broken through the upper part of the box section of the HA-High indicator and is rising.
Accordingly, if the price stays above 3900.73, it is expected to start rising to renew the new high (ATH).
If not, and it falls, you need to check if it is supported around 3321.30 or 0.618 (3548.07).
(1W chart)
The key is whether it can receive support and rise in the 3962.19-4294.78 range.
If it falls, you should check for support around 3503.68, the bottom point of the box section of the HA-High indicator.
(1D chart)
The next period of volatility will be around March 25th.
However, you need to check which direction you can deviate from the 3503.68-4294.78 range.
If it receives support around 9300.73-3962.19, it is expected to rise above 4294.78.
Therefore, if it falls below 9300.73 and shows resistance, there is a possibility that it will turn into a short-term downtrend.
Have a good time.
thank you
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
-----------------
📈Ethereum overtake Bitcoin after Dencun update!📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Ethereum can start an upward scenario on the eve of its update.
The condition for the occurrence of this bullish scenario is the stabilization of the price in the yellow range.
after that, the bullish scenario can continue up to the level of 0.06 and after stabilizing above specified level, it can go up to the channel.
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ETH ANALYSIS (1H)Ethereum has a bullish structure. There is a good demand range for Ethereum that I have highlighted in green.
In this area, you can look for buy/long positions.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the 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
Ethereum still looks bullishConsidering the breakouts that Ethereum has had on the chart, it seems that it is going to sweep all the liquidity pools on top of the chart.
The rebuy range that has a good R/R is the green range.
Closing a daily candle below the green range will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Market Update - March 1 2024
BTC Surges to 2-Year High: The price of bitcoin (BTC) has soared past $59,000 after weeks of consolidation, setting the stage for a potential challenge of its record high of $69,000, driven by institutional demand, anticipation of the upcoming halving, and other catalysts, with MicroStrategy adding 3,000 BTC to its holdings.
ETH Surges, Outperforms Bitcoin Amid ETF Launch Optimism: The price of Ether (ETH) continues upward, outpacing BTC as it approached 0.06 on the ETHBTC pair but ultimately facied resistance. It remains elevated at around $3,350, amidst anticipation of a potential approval for a spot ETH ETF.
UNI Price Soars on Governance Reform Proposal: Uniswap's (UNI) value surged dramatically after the Uniswap Foundation released a proposal for overhauling its governance system, with UNI token holders potentially receiving rewards, leading to a remarkable price increase of over 50% in a day, hitting $12.86, its highest point in more than two years.
AR Gains +75% On Testnet News: On Tuesday, Arweave (AR) announced the release of the public testnet for Arweave AO. According to the Arweave team, this will be a scalable blockchain network, built upon the foundation of its existing data storage platform, promising substantial scalability enhancements compared to other blockchains. AR has emerged as one of the standout performers in the past seven days, trading up +75%.
🐂 Topic of the Week: What makes a bull market?
👉 Read more here
ETH-USD: Ethereum Elliott Wave structure 2021–2024The Ethereum market has been on fire once again in the year of the fourth halving cycle of bitcoin.
Like the alt-coin market in general, it did not enter the bull market until Fall 2023, although it recovered greatly from the lows of the bear market previously. Its recovery was bounded by a large Elliott triangle formation that allowed only large swings in price. It finally broke out of the triangle in October 2023, from which point on it has entered and continued in a straight rising channel. At the same time its corresponding BTC market turned upward as well, ending a multi-year flat correction. The ETHBTC market is shown in a faint background trace.
ETHBTC- Can Rise Significantly Ethereum has been outshining Bitcoin recently, just as we anticipated. A significant breakout is looming on the Ethereum-Bitcoin chart, heralding what might be the beginning of Ethereum's rapid ascent, outpacing Bitcoin in the days, weeks, and even months ahead.
Following the Bitcoin ETF approval, analysts like James Safart from Bloomberg are now evaluating the potential for an Ethereum ETF. This speculation over an impending Ethereum ETF approval in May has sparked conversations about a potential parabolic rally for Ethereum and other altcoins.
Interestingly, Bloomberg Intelligence hints at a 70% likelihood of a spot Ethereum ETF's approval. The SEC's first verdict on the spot Ethereum ETF application is expected by May 23. This situation presents a classic "buy the rumor, ignore the news, and buy the next rumor" event.
Our track record on Ethereum speaks for itself. We accurately predicted short positions on Ethereum just before it hit $5,000 and again at $3,580. Moreover, in June 2022, we shared a perfect re-entry long on Ethereum at $960. Since then, we've provided three more solid entry points for Ethereum trades in the last 48 hours.
Looking at the Ethereum-BTC chart, our prediction was spot-on about Ethereum's rise preceding the Bitcoin ETF's approval. Currently, Ethereum shows support at $2,543, with initial targets at $2,921 and $3,269. Eventually, I foresee Ethereum reaching new all-time highs within the next 18 months.
For today, watch for the key levels: $538 support and $2,918 resistance. As always, we'll approach this step by step, so stay tuned for more insights.
One Love,
The FXPROFESSOR 💙
Links: www.theblock.co...her-price-surge?utm_source...
finbold.com/expert-o...r-spot-etf-approval/
Ethereum's Stellar Performance: A Guide to Navigating the MarketEthereum has been a star performer, crossing the $3,300 mark, showcasing our accurate market predictions. From advising a strategic short position before $5,000 to recommending a timely buy-in below $1,000, our Ethereum strategies have been spot-on. The recent breakthrough from a significant wedge pattern, on its third attempt, marked a pivotal moment, affirming our bullish stance when Ethereum was priced at $2,100.
The anticipation surrounding an Ethereum ETF adds to the excitement, mirroring the success of Bitcoin ETFs. With Wall Street's growing appetite for cryptocurrency, an Ethereum ETF seems not only plausible but likely. Our Fibonacci projections are ambitious yet attainable: $3,863, $6,117, and an aspirational $9,958 within 2024.
Optimism, a Layer 2 solution, is also on our radar for its exceptional performance, further solidifying Ethereum's position in our portfolio.
In navigating the Ethereum market, consider these insights:
Wedge Breakouts: The significance of pattern recognition cannot be overstated. The successful breakout from the wedge pattern signaled a strong buy opportunity.
ETF Speculation: Stay ahead by considering the broader implications of ETF approvals and rumors. An Ethereum ETF could catalyze significant price movements.
Fibonacci Levels: These projections serve as critical points for evaluating entry and exit strategies, guiding investment decisions with precision.
Ethereum's journey is a testament to strategic foresight and market acumen. As we continue to monitor its progress, remember that adaptability, informed decision-making, and a keen eye for patterns are your best tools for success.
One Love,
The FXPROFESSOR 💙
ETHBTC:
The key is whether it can rise above 3321.30Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(ETHUSDT 1M chart)
What is important is which direction it deviates from the Fibonacci ratio range of 0.5 (3097.94) to 0.618 (3548.07).
However, since the HA-High indicator was formed at the 3321.30 point, the key is whether it can be supported around this point.
(1W chart)
If the price holds above the Fibonacci ratio point of 0.5 (3097.94), it is expected to lead to an upward move to around 0.618 (3548.07).
Since the volume profile section is formed over the 2647.80-3059.37 section, it is time to buy if support is confirmed around the Fibonacci ratio point of 0.5 (3097.94).
If it rises to the 3503.68-3962.19 range and shows support, I think it is highly likely that it will rise to around 4778.75.
(1D chart)
The BW indicator was formed at the previous closing point.
Therefore, the area around 3242.36 is expected to form a support and resistance point.
Since the important section is around the Fibonacci ratio point of 0.5 (3097.37), it falls from the 3242.36 point and falls to around 3097.37, which is the buying area.
If it falls near the Fibonacci ratio point of 0.5 (3097.37), it is likely to fall near 2913.04, so a countermeasure is needed.
If you cannot come up with a countermeasure, the only way is to buy when it rises above 3242.36.
Looking at the Renko chart, support and resistance points are formed around 3300.0.
Accordingly, we need to see if the price rises above 3300.0 and remains there.
Have a good time.
thank you
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
-----------------
ETH/BTC flaunting a potential bottomETH/BTC flaunting a potential bottom
ETH/BTC bounces from the bottom of our box and is attempting to reclaim the 200 week SMA at present, also challenges diagonal overhead resistance.
This is a serious congestion zone & one has to wonder...are the lows in? A move above 0.065 would leave us with all three supports (200, long term diagonal and box base.
PUKA
Chart Patterns (Lesson 1)~ The Misleading Rising Wedge The Misleading Rising Wedge on Ethereum
Over the past few weeks a prominent trader who I admire has been adamant about Ethereum forming Rising Wedge, which is a bearish reversal pattern. I disagreed with this view but acknowledged the concern raised as any reasonable trader would. However, It caused me a bit discomfort as I have a large position in Ethereum since 2022 BUT I stuck to my guns and held my position.
Folks, this wedge caused me enough discomfort that I needed to dig a little deeper on it and what I found is surprising to say the least. So lets have a look at THE WEDGE.
What is a Wedge Formation?
“Wedges are clearly defined patterns of converging price trend, pointed sharply up or down; they forecast a reversal of the trend which forms them”.
From Richard Schabacker - Technical Analysis and Stock Market profits.
The Rising Wedge will have slightly higher highs and higher lows compressing into an upward leaning point. The Rising Wedge is typically viewed as a bearish reversal pattern as it demonstrates waning price action with smaller thrusts and smaller declines showing a potential exhaustion of price action followed by a sweeping reversal.
The Ethereum Dilemma
On the 4th December 2023 I shared the below picture to illustrate a dilemma, was price forming a Rising Wedge (Bearish Pattern) or an Ascending Triangle (Bullish Pattern)?
Turns out either way it’s not necessarily bearish as a Rising Wedge can continue in an upwards trajectory and breakout to the upside. I have found 4 examples of bullish Rising Wedges that are recent or relevant, I tried my best to find similar price action and structure also.
The four Rising Wedges in the main chart above have a few characteristics that give them an upwards breakout plausibility;
1. Most importantly the On Balance Volume (OBV) indicator is rising. Increasing volume helps the plausibility of continued upwards momentum, whilst decreasing volume would warrant caution of a possible breakdown and reversal of price direction. Remember the Rising Wedge is defined by waning and exhaustive price action (smaller thrusts and declines compressing to a point) and declining volume is suggestive of such exhaustion/lack of interest.
- Going forward we should carefully monitor the volume on Ethereum as Schabacker does warn of false break outs and false break downs in Wedges. In the event volume starts to decline, breaking its trendline or taking out recent lows, this could be an early warning sign that we need to reduce position size and prepare to exit. Just something to keep in mind.
- The volume on Bitcoin and Ethereum for the Rising Wedge bullish thesis is a little rocky compared to the BlackRock and Ultratech charts volume which both have more consistent upward volume pressure. Just another observation.
2. All four charts have a 200 weekly moving average that is slopping upwards with price above it or price eventually establishing above the 200 week.
3. Each target is a measured move by taking the widest two touch points on the thickest side of the wedge and placing that length of width at the breakout point to establish the target (red arrows on charts).
4. The top two charts (BlackRock and Ultratech) show that price struggled once it met the prior all time high. These were stiff resistance areas for price either in the wedge or immediately the wedge for 21 – 26 weeks of consolidation price action.
- In the event this happens with CRYPTOCAP:ETH , we could see significant resistance at $4,600 (All Time High) for a period of 20 odd weeks or something similar. We could at minimum expect resistance at this level as wedges identified illustrate this is a possibility.
5. Another clear pattern on all four Rising Wedges is that prior to wedge formation, the price reached an All Time High, then significantly declined to form the base of the newly forming wedge. I would also argue that the compression or underside angle in all four charts is to a greater degree than the compression from the ceiling forming on the wedge. I realize this is open to your perception, but that’s how I see each charts pattern.
We are now aware that Rising Wedges can be bullish formations and that increasing volume contributes positively towards the possibility of a break to the upside. You might still be wondering…which was Ethereum an Ascending Triangle or a Rising Wedge.
Let’s ask Schabacker....
I would argue that Schabacker’s description below may indicate that Ethereum was in in fact forming an Ascending Triangle.
Schabacker advises under the heading THE WEDGE MUST BE STRICTLY DEFINED “The Wedge must point sharply up or down. A converging pattern which is projected on the chart in a nearly horizontal direction is more apt to partake of the nature of a true triangle, and the student will note that the forecast in that case would be quite different”
Ethereum’s Wedge was not pointing “sharply up” and you could argue that the line was “nearly horizontal” either by degrees or by selecting other very close points of contact. Combine with this my earlier observation that the price underside compression angle was far greater that the upper lines weak slant.
A major reassurance to me in this ETH trade was when I discovered that increasing volume can offset the bearish tone of a rising wedge. It gave me something to monitor and helped keep me on the right side of probability.
I really hope this short review of rising wedges can help you stay on the right side of probability.
PUKA
ETHBTC Price Action ObservationsWe have the ETHBTC buy signal. We have some upside for ETH both in USD and BTC valuations over the next few weeks. Holding ETH will pay off. This is consistent with the past movements of ETH prior to the BTC halvings. We also have the macro potential ETH ETF event. Strong confluence of bullish events. I put my ETHBTC levels and projections on the chart.
ETH - last wave up, then a 16% crash!Technical analysis
Ethereum is bullish, but do not be too much excited about it. Buying at the current price is simply not worth is as per my technical analysis. We can see that the price of ETH created 2 unfilled Fair value GAPS below the current price. Usually these gaps tend to be filled sooner or later. Wait for the uptrend to end and then take a fibonacci retracement tool and look for the 0.618 level. From the Elliott Wave perspective it looks like a wave 5 can be in progress, but we do not want to long waves (5) as often there is only a liquidity sweep above the previous wave (3) and then a massive crash follows. Daily RSI overbought region, weekly RSI overbought region.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.