Get started

Ether

Ethereum ETH Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier. Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market. ETH/USDT short Entry Range: 1800 - 1950 usd Take Profit 1: 1710 usd Take Profit 2: 1620 usd Take Profit 3: 1480 usd Stop Loss: 2150 usd
Short
by BuySellMarketMaker
Ethereum ETH Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier. Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market. ETH/USDT short Entry Range: HKEX:1800 - 1950 Take Profit 1: HKEX:1710 Take Profit 2: TSE:1620 Take Profit 3: TSE:1480 Stop Loss: TADAWUL:2150
Short
by BuySellMarketMaker
ETHBTC may be putting in a major fakeoutAs usual, what follows isn't financial advice but a mere observation. This idea is to be considered as a follow-up of the one that can be found linked below. As explained in my last study, we're witnessing extremely low levels of volatility on the weekly timeframe for ETHBTC. While price action wasn't exactly confidence-inducing until a couple days ago, tides might be beginning to change. We can observe how since july 2020, the 21EMA (yellow) and the 55EMA (green) have never had the chance to bearishly cross. This brings me to a very simple point, if we can see a weekly ETHBTC close above both EMAs, essentially producing a fakeout, the idea that the expansion phase coming from this extremely low volatility environment will be to the upside will begin to appear more probable. The horizontal ray that's marking the march 2023 high (0.073544) is the obvious line in the sand for me, a weekly close above that level will make me consider that ETHBTC is putting in a major - possibly even macro - low. Keep in mind that as long as the price keeps being held down by both the 21EMA and the 55EMA this is just a possible scenario waiting to unfold, but still unconfirmed. Furthermore, a weekly close below this current week low (0.062037) will very likely result in a much more severe downside continuation, with targets already discussed in the idea linked below. Whatever happens, stay safe and wait for confirmation.
by Andewyl
ETH ETHER EW COUNTETH held stronger vs BTC at the lows. While BTC made lower low, ETH remained above with a higher low. However since those lows, BTC dominance has flexed its muscle and ETH had lost some of its strength until recentl with the upgrades/mergers, ETH surged and bounce right back up. Tough to say whether another leg up is due, I am favoring at least a retest of the current high and possible a push up towards 2400-2800 & 2800-3200 area. At the highs is not where I want to be bullish considering economic conditions & where global markets are currently sitting. So if you bought at the lows, it would be very safe to be taking profits along the way as wave 4 retracement was already completed in the summer of 2022. Upside here can be viewed as limited, as the ending tops normally are. We will have to wait and see how the current pullback plays out and see how markets behave over next few days/weeks. Opportunity to go long may be the favorable trade as I personally do favor another leg higher; a stop loss at previous low is ideal area to consider for managing risk. Will update the wave counts as candles print. For now, nothing major. Current sequenece appears to be impulsive sequence of wave i-v to complete the corrective ABC as a wave ((4)). We shall see how this plays out. As always trade safe. If you would like to leave comments or share, please feel free. If you found this helpful please click like to show support Happy Trading Cheers
BITSTAMP:ETHUSD
by CryptoHolix
ETH Bullish Retest?KUCOIN:ETHUSDT Looking for bullish ETH retest in yellow zone. Always wait for entry trigger confirmation which could be a candlestick pattern or formation. Upside targets marked. Failing, look for entry-trigger for short to 1350 level as initial play. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Long
by imr4nkh8n
Ethereum Shanghai Upgrade - Potential ImpactThe Shanghai upgrade marks a significant milestone for the Ethereum network, enabling depositors to access their staked ETH for the first time since the launch of the Beacon Chain. With the upgrade, two main types of withdrawals will be possible: partial and full. Partial withdrawals, or skimming, will permit validators to withdraw their cumulative staking rewards, while full withdrawals will enable the complete withdrawal of staked ETH. This analysis aims to explore the potential implications of these withdrawals on the Ethereum economy and address concerns regarding the supply unlock event. Shanghai presents a unique situation where rewards have accumulated over two years and will be unlocked simultaneously. The excess balance, which is not actively participating in Proof-of-Stake, amounts to around 1.137M ETH or about $2.1B in value. After the Shanghai upgrade, this sum will be automatically withdrawn from the Beacon Chain and transferred to the depositor's Ethereum mainnet address as an automatic balance update. Validators with 0x00 withdrawal credentials own nearly 75% of the total accumulated rewards, while those with 0x01 credentials will have access to the remaining 25% (equivalent to 276k ETH). In an extreme scenario where all remaining validators update their withdrawal credentials after the Shanghai upgrade, we could see the entire sum of 1.137M ETH exit the Beacon Chain over 4.5 days. Considering the depositor segmentation, a significant portion of the staking rewards is expected to be locked up again, as large staking providers such as Lido have vowed to primarily re-stake their rewards. Furthermore, non-institutional depositors with more extensive holdings are less likely to feel pressure to sell their ETH, especially given the recent positive market trend. For full withdrawals, the daily number of validators that can exit is limited by the churn rate, which currently allows for a maximum of 1800 validators (or 57.6k ETH) to be withdrawn daily. Considering the withdrawal period determined by the churn limit, validators must pass through a withdraw-ability delay. This waiting period is 256 epochs for voluntarily exited validators, or around 27 hours long, and for slashed validators, it is 8192 epochs, or about 36 days. We have simulated the accumulated ETH accessible right after the Shanghai upgrade, approximately 45,098 ETH (equivalent to $83.3M). Most existing validators belong to solo-stakers or stakers from the early days of the Beacon Chain, who are likely to have a high conviction rate. Therefore, most withdrawals are expected to be related to changes in their technical setup rather than completely exiting their position. Considering partial and full withdrawals, we can model the potential supply pressure during the first week after the Shanghai upgrade. 1.54M ETH ($2.93B) could become liquid in the most extreme case. On the other hand, based on a 50% withdrawal credential update, segmentation of depositors, and different assumptions, our best estimate suggests that 170k ETH ($323M) could be sold. Comparing these numbers to typical weekly exchange inflow volumes, even the most extreme case of 1.53M ETH is within the average weekly exchange inflow range. This indicates that the unlock event is on a similar scale to day-to-day trade for ETH markets and is unlikely to be as dire as many speculate it to be. In conclusion, while it is impossible to predict the outcomes of the Shanghai upgrade fully, this analysis provides insights into the potential economic implications of the supply unlock event. The bulk of unlocked staking rewards is expected to come from users redeploying towards liquid staking providers, which have little need to sell due to being underwater. Moreover, Ethereum's Proof-of-Stake exit queue design will limit the amount of stake that can be drained from the pool at once, stretching the economic impact over days. This piece was the summary of this analysis by Glassnode. If you want to read the full analysis, read this: insights.glassnode.com
COINBASE:ETHUSD
by BitcoinMacro
Ethereum ETH Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”. This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week. Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge! I assume we are about to witness a major selloff in the crypto industry. My Ethereum ETH Price Targets: ETH/USDT short Entry Range: $1700 - 1800 Take Profit 1: $1630 Take Profit 2: $1510 Take Profit 3: $1380 Stop Loss: $1900
Short
by BuySellMarketMaker
Weekly Market Update - March 24 2023What Happened This Week? Bitcoin $BTC and ether $ETH hit 2023 highs this week, as the Fed raised interest rates but signaled a coming pause given continued banking woes. Takeaways: Banking woes continued as UBS bought rival Swiss bank Credit Suisse to stem a brewing crisis. In a coordinated action, the Federal Reserve and other central banks increased liquidity in the U.S. dollar funding markets, resulting in a boost for bitcoin (BTC) and ether (ETH) prices, which both hit 2023 highs. The Federal Reserve announced a rate increase of 25 basis points (bps), but signaled a coming pause. UBS Buys Credit Suisse in Bid to Avoid Further Bank Contagion: Following the collapse of Silvergate, Silicon Valley Bank (SVB), and Signature, this week brought further banking turmoil as Swiss bank UBS stepped in to rescue its rival Credit Suisse for $3.25 billion USD in a bid to avoid further panic in global financial markets. The Swiss central bank is also set to provide support for the deal with a loan of 100 billion Swiss francs backed by a federal default guarantee to help support the deal. Central Banks Join Forces to Increase U.S. Dollar Liquidity, Giving Crypto a Boost: The Fed, along with five other central banks, announced on Sunday, March 19, 2023, coordinated action to boost liquidity in U.S. dollar funding markets. This marked an important shift in market conditions and signaled a possible end to the quantitative tightening which has been a major headwind throughout the past year. The news helped to push bitcoin (BTC) and ether (ETH) higher at the start of the week, both reaching new YTD highs of ~$28.9k USD and ~$1,846 USD respectively. Prices then consolidated in the build up to Wednesday’s highly-anticipated Federal Open Market Committee (FOMC) meeting, with interest rate expectations changing dramatically over the past few weeks. Fed Raises Rates Again, But Signals a Potential Pause: Despite the recent bank failures and growing concerns around the banking sector, the Federal Reserve announced a 25 bps rate increase at the latest FOMC meeting on Wednesday, as they push ahead in their fight to tame inflation. The FOMC, however, signaled that rate increases may be coming to an end, depending largely on incoming data. The latest Fed dot plot , which outlines interest rate expectations from Fed officials, suggests only one more 25 bps hike is likely this year. Federal Reserve Chair Jerome Powell highlighted during a Wednesday news conference that the Fed had considered a pause in rates due to the recent banking crisis, but unanimously chose to raise rates given inflation data and the strength of the labor market. At the news conference, Powell stated “ if we need to raise rates higher, we will ,” which markets received as more hawkish than expected in light of the recent stress across the banking sector. This led to all the major U.S. indices sliding lower into the close, and crypto prices pushing lower too. Bitcoin Takes Mild Dip Following Rate Increase, But Remains Strong: Bitcoin (BTC) faced strong resistance throughout the week at the ~$28.4k USD level, before briefly touching below $27k USD following the Fed's latest policy decision. However, Bitcoin remains the main focus among crypto with Bitcoin Dominance reaching another year-high of 47.8%. XRP Has Strong Week, and Arbitrum Airdrops Token: In altcoin news, XRP was among the biggest gainers this week, with its price increasing by over 20% at one point as investors grew more confident that a ruling in the long-running court case between the SEC and Ripple would resolve in their favor, following a supplemental notice submitted by Ripple on Monday. The outcome of the case is being closely watched by many, as a positive result for Ripple could set a crucial precedent for crypto. Arbitrum, one of the largest Ethereum Layer 2s, with nearly $2 billion USD in total value locked (TVL), launched a token airdrop on Thursday , with 11.5% of the total supply going to eligible Arbitrum users and 1.1% to DAOs that operate on the Arbitrum ecosystem. The token will be used for governance relating to Arbitrum One and Arbitrum Nova. Read more about this and our topic of the week, interest rates. See you next week. Onward and Upward! Team Gemini *This material is for informational purposes only and is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations, or (iii) an official statement of Gemini. Gemini, its affiliates and its employees do not make any representation or warranty, expressed or implied, as to accuracy or completeness of the information or any other information transmitted or made available. Buying, selling, and trading cryptocurrency involves risks, including the risk of losing all of the invested amount. Recipients should consult their advisors before making any investment decision. Any use, review, retransmission, distribution, or reproduction of these materials, in whole or in part, is strictly prohibited in any form without the express written approval of Gemini.
GEMINI:BTCUSD
by Gemini