Get started

Ethereum-bitcoin

$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
ETHEREUM 3D TF TA : 05.23.22 (Update) Examining Ethereum's chart in the 3-day timeframe , we see that the price has reacted positively to its support range (Bullish OB) . We expect the price to rise to $ 2700 as the first major price target if the support can hold the price in the $ 1700 to $ 2000 range, this is a mid-term analysis. Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 05.23.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
1
ETH/BTC - Long Term Top Ethereum's ratio to Bitcoin has been consolidating for nearly 13 months (left). In 2018, Stellar Lumens (right) consolidated against Bitcoin for roughly 11 months before dropping off a cliff. Will the same happen to ETH here? It will need to maintain the uptrend, held since 2016. Any larger decline from here will result in a breakdown from this channel, which I think has pretty terrible implications for the 2nd largest cryptocurrency. A break ABOVE the channel would likely invalidate this bearish idea in the short term, and could result in a new all-time high for the ratio. Not sure this is likely. I believe ETH's value has been inflated by the NFT and DeFi bubbles, as seen by the immense premium speculators are willing to pay just to transfer tokens on the network (high fees). DeFi is really starting to look less and less appealing, as scandal after scandal has started to make waves across the cryptocurrency space, in an atmosphere that has already been quite negative. Right now, market participants are fleeing collapsing altcoins in favor of ETH, as can be seen by its increase on the ratio during market turmoil. But I think it's possible this does not last. XLM/BTC moved up momentarily right before Bitcoin collapsed in late 2018. What more does ETH have going for it, aside from the merge, which is still a ways away? Still many have their coins locked away for staking, even as APY comes down on many platforms. I think people will be less and less willing to hold ETH, and that this period of consolidation will turn out to be distribution, leading to a precipitous decline. Ethereum has so far been unable to touch the previous all-time high against Bitcoin. If it breaks down before succeeding to do so, this would suggest that ETH is actually in a long term downtrend against Bitcoin (like most alts), and would have a hard time recovering on the ratio. Many altcoins are in freefall against Bitcoin and ETH, yet Bitcoin dominance remains stable just below the 50 week MA. If dominance breaks the 50 week, I think we can see the end of distribution for ETH. On the upside, we would need to see the ratio head above 0.088 and sustain to consider a new all-time high. If this occurs, the entire market may also want to make a new all-time high. Since I think this is unlikely in the near-term, it also follows that I think a new ATH for ETH is also unlikely. Let's see what happens! This is not meant as financial advice - this is meant for speculation and entertainment only. -Victor Cobra
Short
by VictorCobra
3
ETHBTC Prices May Float to 0.076 BTCPast Performance of #ETHBTC There was an ETH price expansion early this week, but bulls were muted on May 3 and 4. However, BTC is trailing the BTC following encouraging surges on May 1 and 2. ETH bulls would likely build on the bullish engulfing bar of early this leg, setting the foundation for an expansion above April highs of around 0.076 BTC. ETHBTC Technical Analysis As per the ETHBTC technical analysis in the daily chart, ETH buyers are in the driving seat. Prices recovered from the 38.2 percent Fibonacci retracement level of the April 2022 trade range. The recovery, backed by rising trading volumes on May 1, triggered demand. There is a possibility of ETH bulls finding support in the immediate term. However, this is subject to ETH bulls rejecting any attempt for losses below 0.072 BTC. As it is, traders can load on every dip, targeting 0.076 BTC. A break below this week's low, on the other hand, may see ETHBTC crater to 0.070 BTC, the 61.8 percent Fibonacci retracement level of the same trade range. What to Expect from ETHBTC? ETH buyers have the upper hand at spot rates. Still, if there is a crypto correction, Bitcoin bulls may flow back, driving prices below the primary support at 0.072 BTC. Resistance level to watch out for: 0.076 BTC Support level to watch out for: 0.072 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
ETH Help US find support!!ETH USD Like the US 500, like the BITCOIN and like many other BIGs on the market, it is located in Zona Media Movile 100 (Yellow line). The second Crypto by market cap also has support in the oblique trend line where we will probably meet liquidity in this area. The Support is in the approximate price in the white circle and sees in the area. 1) SUPPORT $ 2'350 However, if it were to go down even more we would find a SUPPORT between 2) $ 1,500 and $ 2,000 we will find other interesting points of entry or accumulation. The resistances are many R1) $ 3400 and $ 4200 (a fairly high price range) and obviously the all-time high R2) near 5k. What do you think, when will ETH and the whole market start again? In what medium? Will we break the resistances back towards 10k? Leave a comment and your opinion. Grow with us LPI.sa
BITMEX:ETHUSD.P
by LPI_Investments
#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
ETH/BTC : PRICE READY TO GROW AFTER REBOUND | LONG SETUP Hello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Have a Good Take Day_Profits !
Long
by DAY_PROFITS
#btcstarburst To Early To Call The Bounce?So on the 15th on March we were in the exact same spot… The market has definitely made a move. Going back to see dramatic movement on days in multiples of 5 we definitely could see a major shift here… Could this be an opportunity for a long, hmmmm… DCA safely ( there are many patterns setting up for opportunities that are great projects like Chainlink, Polkadot, Eth, ADA and possibly ICP not sure about this one but this actually could play out to be successful for many people). Since Bitcoin pulls the market…. This is a GANN study The map of resistance and support has been playing out pretty significantly.
FTX:BTCUSD
by Jonnycatx
1
Ethereum - Next Price Target? Bear Flag Breakdown Begins!Hello Traders... Here is my analysis for Ethereum. First off just to update everyone, I am currently not in any trades. I am wary of market conditions and am waiting for BTC to show definitive directional bias. Now onto ETH. - ETH was recently trading in a Bear Flag formation. The formation was broken a few days ago, however price was still above the local support from the daily wick. - Now that price has broken past local support, ETH is looking very Bearish. But where will ETH possibly bounce? - The next support level for ETH is at $2,750. - Just below is major ascending trend line support at $2,695. - Also the technical target from the Bear flag is almost exactly at the first support level. Isn't it amazing how that worked out!? What do these 2 support lines so close together mean? - The fact they are so close together means that there is a high probability of a bounce in that area. - Think of support levels like a wall that you are trying to breakthrough with a sledgehammer. Now put 2 walls together, imagine how much harder it would be to breakthrough 2 walls vs one. It's the same thing for price trying to break through 2 support levels vs one. - Also It's possible ETH could hit the first level, then wick down to the second level before getting a bounce. - Either way we know that there is strong support in this area and the probability of a bounce is high. When to enter a position? ***As you know nearly all cryptos follow BTC. This analysis could be negated if BTC has an erratic move. But as it stands this is how I would trade ETH. - I would like to see ETH hit the level relatively quick, not a small move then consolidation, then another small move then consolidation. - The quicker price drops, the bigger the bounce. - So I'll watch for price to hit this level in the following days, more than likely I will enter a position at the first support level then add even more at the second level if it hits. ****I will post an ETH update in a couple days with take profit and stop loss. Happy Trading *Patience is Key*
by natef1
2