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ETHBTCSHORT

ETH/BTC Ratio Slumps 30% as Bitcoin Flexes Market MuscleThe Ethereum (ETH) to Bitcoin (BTC) ratio has been on a downward spiral, recently dipping to 0.046 – a level last witnessed in April 2021 and briefly revisited in April 2024. This significant decline underscores Ethereum's current challenges in maintaining its position against Bitcoin's ever-growing dominance within the cryptocurrency market. Over the past year, the ETHBTC pair has shed an unsettling 30% of its value. Year-to-date losses are also concerning, exceeding 11%. These figures paint a worrying picture for Ethereum, raising questions about its future trajectory and potential to dethrone Bitcoin as the leading cryptocurrency. Several factors are likely contributing to this trend: • Bitcoin's Narrative Strength: Bitcoin continues to hold a strong narrative as "digital gold," a scarce, hedge-like asset favored by institutional investors seeking a store of value. This perception fuels its price stability and market dominance, particularly during periods of economic uncertainty. • Ethereum's Inflationary Concerns: Unlike Bitcoin's capped supply, Ethereum's issuance is not limited. This "inflationary" model has caused anxieties among some investors, who worry about potential price dilution in the long run. • The Ethereum Merge Looms: The highly anticipated Ethereum merge, transitioning from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism, is still under development. Delays and uncertainties surrounding the merge's impact on Ethereum's scalability and efficiency might be keeping some investors on the sidelines. • Regulatory Landscape: Regulatory scrutiny surrounding the cryptocurrency market remains a concern. While clarity on regulations could benefit the entire industry in the long run, the current uncertainty might be discouraging some investors from entering the Ethereum market. • Alternative Layer 1 Blockchains: The emergence of alternative Layer 1 blockchains like Solana and Cardano offering faster transaction speeds and lower fees could be siphoning off some investor interest away from Ethereum. Is This the End for Ethereum? The current situation doesn't necessarily signal the end of Ethereum. It's crucial to remember that the cryptocurrency market is still young and highly volatile. Here are some reasons for optimism regarding Ethereum's future: • The Potential of DeFi: Ethereum remains the dominant platform for Decentralized Finance (DeFi) applications, a rapidly growing sector with immense potential to disrupt traditional financial services. Continued DeFi adoption could significantly boost Ethereum's utility and value. • The Merge's Promise: A successful merge to PoS could address scalability concerns and enhance Ethereum's environmental sustainability, potentially attracting more environmentally conscious investors. • Developer Ecosystem Strength: Ethereum boasts a robust and active developer ecosystem constantly innovating and building dApps (decentralized applications) on the platform. This strong developer base is a crucial asset for Ethereum's long-term growth. Looking Ahead: A Shifting Landscape The cryptocurrency market is constantly evolving, and the relationship between Bitcoin and Ethereum is likely to remain dynamic. While Bitcoin may retain its "digital gold" status for the foreseeable future, Ethereum's success will hinge on its ability to address scalability issues, deliver on the promises of the merge, and maintain its dominance in the DeFi space. Investors should carefully consider their risk tolerance and investment goals before making any decisions. Both Bitcoin and Ethereum represent high-risk, high-reward investment opportunities. A diversified portfolio across established and emerging cryptocurrencies might be a prudent approach for navigating the ever-changing digital asset landscape.
Short
by bryandowningqln
📈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. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
Long
by CrazyS
Impact of Dropping ETH/BTC Ratio and the Need to Trade BTC MoreI would like to draw your attention to an important development in the cryptocurrency market that requires our cautious consideration. The ETH/BTC ratio has experienced a significant drop recently, prompting us to reevaluate our trading strategies and focus on maximizing potential gains. As you may be aware, the ETH/BTC ratio refers to the value of Ethereum (ETH) about Bitcoin (BTC). This ratio serves as a valuable indicator of market sentiment and can greatly influence trading decisions. The recent decline in this ratio suggests a shift in market dynamics, with Bitcoin gaining dominance over Ethereum. While it's essential to remain cautious during such times, it's equally important to adapt and take advantage of emerging opportunities. Therefore, I encourage you to consider trading BTC more actively, leveraging the rising BTC dominance. By focusing on Bitcoin, we can potentially maximize our profits and navigate through this transitional period with greater confidence. Here are a few steps you can take to optimize your trading strategy: 1. Stay Informed: Keep a close eye on market trends, news, and analysis to make informed decisions. 2. Diversify Your Portfolio: While focusing on BTC, it's also wise to maintain a diversified portfolio to manage risk effectively. Explore other cryptocurrencies that show growth potential and align with your investment goals. 3. Utilize Stop-Loss Orders: Implementing stop-loss orders can help protect your investments by automatically triggering a sale when the price reaches a predetermined level. This feature minimizes potential losses during volatile market conditions. 4. Leverage Trading Tools: TradingView offers a variety of technical analysis tools, such as charts, indicators, and signals, to help you identify trends and execute profitable trades. Remember, trading in times of market transition requires caution and adaptability. By closely monitoring the shifting ETH/BTC ratio and focusing on BTC dominance, we can position ourselves for potential gains.
by bryandowningqln
1
Etherum's different potential W pattern outcomesIntroduction Ethereum's price action has been concerning for some time now.  Generally speaking the more something goes up the more of a cooling off period it needs and Ethereum has been over-performing a lot of the older crypto currencies for a while now.  At the same time it has shown quite a bit of resilience compared to the Other coins and how their W patterns have played out. W pattern Analysis The top chart shows Ethereum, Monero, bitcoin and bitcoin all with a double bottom or W.  We are being a bit loose with the terminology because strictly speaking in traditional markets a double top or a double bottom is suppose to have at most a 5% difference in the lows for a double bottom and 5% difference in the tops for a double top. Ethereum and bitcoin both set higher highs with their W patterns but the structure of their Ws was different.  We can see a clear amount of white space on the Ethereum chart between the green and blue zones and that space is not present in the bitcoin chart.  Bitcoin had a much tighter consolidation pattern than all the other tokens. Monero and Litecoin basically double topped in 2021 and have been consolidating ever since. They both returned to the green zone and found support there.  Monero found continued support there while Litecoin bounces and is now being potentially rejected by the green zone.  That is quite a bearish set of circumstances and Litecoin is one of the least attractive looking OG coins at the moment based on that weakness. My bais and conclusion My bias towards Ethereum is that it will return to the green zone.  That is about a 80% drop from here.  The chart below shows that the situation with the gaussian channel and keltern channel seems to be quite similar to the middle of the last bear market.  the situation pairs well with the Log MACD situation. For me, the main question is how much of this potential drawdown of the Ethereum ecosystem will drag down the broader crypto market.  I suspect we will see lots of risk off and draw down in other crypto which will then pump due to people rotating out of the Ethereum ecosystem. while it trend sideways. There will be some pumps here and there while people take profits in eth pairings. For example, I see ETHBTC in a head and shoulders and I suspect that at each fib level people will be taking profit on ethbtc shorts and we will see bounces in ethusd when that happens. 30-40 percent bear market rallys happen all the time. I don't see the ETH ecosystem being a target of investment until it reaches the ethbtc target and then we will see strong hand come back in.
COINBASE:ETHUSDShort
by This_Guhy
18
ETH will lose against BTCSince the last bear market in 2018/2019 ETH was gaining in dominance against Bitcoin. It is clear that ETH could show similar weakness against BTC like last bear market. Considering that a recession is highly probably, I have marked two simple scenarios: — ETHBTC will retest the rage lows at 0.056 — If this level does not hold, we could see a retest of the 0.03 area. This will probably match with the theory of a three digit ETH (look at link to related ideas). Cheers and good trading!
Short
by zonetradingsz
#ETHBTC - A Small Short Trade Here, But What's Next?After some mega trades throughout 2022 with #ETH #BTC we've been a little quiet recently ranging within a smaller channel with trades showing small profits and/or small losses. We've got a chance now of another small profit from a Short trade but the real question is what's going to happen next? When a breakout of this ranging market happens (which it will!), the direction #ETHEREUM heads is up for debate! What do you guys think? If you enjoyed or agree with this idea - drop us a comment, like & follow! 😀 Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️ Crypto Tipster v2 by theCrypster
Short
by theCrypster
4
ETHBTC Looking Bearish!Ethereum / Bitcoin pair is looking pretty bearish which will cause $ETHUSDT to drop too. Although Bitcoin has the possibility of going up, like I stated in my recent bitcoin analyses, I do not think $ETHUSDT will go up too much because of $BTCUSDT. $ETHBTC will stop $ETHUSDT from going up, and like I stated in my recent analysis, $BTCUSDT does have the possibility of going down. If $BTCUSDT heads down, then I $ETHUSDT will suffer very hard because we will have multiple factors bringing Ethereum down. I called $ETHUSDT from the top at over $2000 ;) check my profile for proof, and follow me to never miss out on high quality signals for free!
Short
by MarketAnalyzerFX
#ETHBTC Slides 22%, ETH Finds Support at 0.059 BTCPast Performance of ETHBTC Bitcoin bulls are rampant. ETH is down 22 percent from April 2022 highs versus BTC. From the ETHBTC daily charts, Ethereum is still under pressure and in a bear breakout formation despite ETH gains in the Asaian session. Currently, ETHBTC is trending at around October 2021 lows. Since bear bars are aligned with the lower BB, ETH sellers may search to unload on every attempt to print higher. #ETHBTC Technical Analysis BTC bulls are in control, and bars are banding along the lower BB despite recent ETH gains. This points to intense selling pressure and possibly BTC bulls adding to their longs. As ETHBTC retests October 2021 lows, traders should look to double down and accumulate BTC. There could be more losses for ETH if prices drop and close below 0.059 BTC in confirmation of June 6 dumps. Such a move would confirm the bear breakout of May 26 and may trigger more losses versus ETH, pushing prices back to 0.057 BTC and 0.055 BTC in the medium term. What to Expect from ETHBTC? After solid ETH gains in 2021, BTC bulls are rewinding losses, as evident in the daily chart. In a bearish breakout formation, ETH may drop to H2 2021 lows in the medium term if prices slide below the immediate support line. Resistance level to watch out for: 0.061 BTC Support level to watch out for: 0.059 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
$ETHBTC 1HR Major Trendline ResistanceEthereum/Bitcoin is testing its major trendline resistance after 2 weeks of rejections and now a 5th attempt to break is really trying hard. This goes hand in hand with the 1D/3D support trendline that it needs to hold. A break here would signal a support hold on the HTF, while a break would be, well, ugly. Lot of recent choppy price action in the area where the breakout could be headed, so its a bit of a tossup. Break back down and .0675 should be a key support.
by cloudwalkerxbt
#Bitcoin Maintain Lead over ETH, Critical Support at 0.072 BTCPast Performance of ETHBTC ETHBTC remains within a sideways movement following a bear breakout formation on April 18. Technically, BTC bulls have the upper, a development that may spark more capital inflow, especially in a dicey crypto market. With ETHBTC boxed below0.075 BTC and ranging below the middle BB, the path of least resistance could be southwards in the medium term. ETHBTC Technical Analysis #BTC buyers have the lead at spot rates. Despite #ETH retaining the edge from a top-down analysis, the bear breakout formation of April 18 and the inability of ETH bulls to drive prices above 0.075 BTC even after the bull bar of April 22 skewed price action for BTC. Therefore, considering the formation in the daily chart, traders may wait until there is a conclusive, high volume breakout above 0.075 BTC and, on a conservative end, 0.076 BTC, before loading the dip. Meanwhile, BTC could take charge and shape the immediate term trajectory if there is a close below 0.072 BTC. In that latter's case, ETHBTC may drop to 0.070 BTC in a retracement from April 2022 peaks. What to Expect from ETHBTC? In a risk-on crypto market state, BTC may benefit as a safe haven. Therefore, in light of this fact, ETHBTC has critical support at 0.072 BTC. A close above the middle BB could be the launching pad for more ETH gains in the medium to long term. Resistance level to watch out for: 0.075 BTC Support level to watch out for: 0.072 BTC [ b]Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
ETHBTC, We are going to reach to the resistance zoneHello everybody According to the chart, as you can see the price its making a upward trend but we need acceptance to have permission to take long position but now we can take short position according to the trend that the price is in it and when the price will reach to the resistance zone (Blue Box) that we shown, we can take short position and wait to see what will happen . We will try to update update very soon after the price reach to the resistance and give us trigger point for entrance we will update chart soon . Dont forget use stop loss and observe capital management. Previous analysis : Good Luck Abtin
Short
by Abtin00
ETHBTC, Its ready to have some rises of altcoinsHello everybody ETHBTC is one of the most important pair for the movement of total 2 and 3 because ... If you want to learn Fundamental & Technical analysis send us messages ---> Our id is in profile According to the chart, After we are ranging price in market today after unemployement rate reported the price impact to it and make new rally. After the price was make breakwave and we need some pullback and we can take in position on any altcoins after pullback completed and we can wait until the target reach. Please observe capital management and dont forget use stop loss Good Luck Abtin
Short
by Abtin00
ETHBTC reaching possible top for this move | ETHBTC SHORTThis is idea of possible 3th wave top, where we can maybe see B for running flat before drop to C target. Drop to C of possible extended flat will invalidated this 12345 move if enter in zone of second wave. Also break above target for B wave will consider for new alternate count. Here couple extra screenshots what support this idea. On monthly chart like you see that B target is between two wicks (possible resistance). On weekly chart you can see clear where is all that zone. Also on daily chart we can see that B target can be PRZ for Type II harmonics. ibb.co ibb.co
Short
by CryptoArch_
4