Intraday ETH/BTC Spread: Giant Triangle and TargetsThe ETH/BTC spread is often seen as a risk on / risk off barometer for crypto markets. Whenever it falls, it means the risk appetite for riskier alt coins is falling and vice-versa. If the giant triangle theory I started to noticed more lately is correct, the ratio at the end of the correction is gonna be 0.055 ETH per BTC. With ETH, the bottom of the triangle is around 1,700, which gives a level of 31,000 as the bottom for BTC.
Ethereum-bitcoin
FUN/ETH Daily Technical AnalysisFUN/ETH Daily Technical Analysis
MACD is NEGATIVE but going tobe strong
Other indicators are be POSSITIVE
Resistance: 0,00000738 - 0,00000789
Support: 0,00000694 - 0,00000506
⚠️ ETH - BIG PICTURE ⚠️It's been a while since I posted a chart about Ethereum.
I know everything is either collapsing or going through huge correction, But they won't all act in the same way.
Compare this chart to Bitcoin, you'll see it too.
Bitcoin made a huge noise, it broke out unstoppable and right now this Head & Shoulders are causing a huge collapse.
But ETH didn't follow BTC in the ATH run. You guys remember that?
It took longer to beat its own personal best and consolidated way more. And now it's not a low as Bitcoin is.
Bitcoin is sitting on its last possible support right now forming a bearish formation. But ETH is still far from its first support.
Now I'm not bullish on ETH, I know it's possible for more corrections and as you can see MACD defends my idea, But if Bitcoin crashes down to channels such as 19K or lower, it won't happen to ETH, since it way stronger. Maybe even the staking programs on ETH2 surprise us when its time to fall!
Overall: ETH is stronger than BTC. They are both going down but they have different destinations!
Let's see what happens...
What do you think?
Ethereum a New Evolution Brewing Still Time to Own At Least One!I know people are starting to sleep on cryptocurrency. Not too much heavy buying and not too much heavy selling. The state of the market is in limbo but these times present great opportunities. If you don't own at least one Ethereum now will be the time to seriously consider making it a goal. If you're trying to build wealth in cryptocurrency with the least amount of risk Ethereum is essential to your journey.
I have new Fibonacci levels starting from the swing high of $4395 on May 12th to the swing low of $1695 on June 26nd. Ethereum has been trading between $1695 and $2300. I'd say that Ethereum under $2000 is a steal. Of course these prices can all change depending on Bitcoins mood. If Bitcoin drops to the lower 20ks as many people suggest then Ethereum can easily come down below $1,000. So be cautious as the market sentiment is still extremely fearful.
However, the upside potential is extremely strong considering the developments taking place within Ethereum . Post EIP-1559 ( Ethereum becomes deflationary), continued DeFi expansion, and the NFT innovation are some of the catalyst that will have a major positive impact on Ethereum . Even Fox news channel and CNN are invested and experimenting in NFTs which is shocking to me.
I believe we will have stagnant price action until there's a decisive move in the market to the upside or further downside. We have been moving sideways for some time which can indicate we're in a heavy accumulation phase in the market. Looking at on chain metrics from Santiment the whale supply held by top addresses have been increasing at an alarming rate since May 22nd. Smart money knows wassup. Ethereum is still very undervalued.
Cheers much peace, love, health, and wealth as always! Keep building that crypto wealth for you and your family!
ETH Finds Support, Still Looks WeakEthereum broke down, reaching just above our level at $2025 at the lowest before equilibrating between $2087 and $2143. It seems the $2100's are a comfort zone for ETH right now. The Kovach OBV is extremely bearish. It was this that led us to believe ETH would breakdown from its consolidation pattern earlier, when it peaked up near $2400. Thus there is no reason to expect any bull runs any time soon, aside for perhaps some relief rallies to the broader bear trend. The low $2K handle should provide good support. We have swiftly rejected $1900's in the past, and this trend will likely continue.
ETH - Downtrend?ETH is even hitting harder than the BTC, but the sell volumes at the moment are lower than BTC.
This support is holding a price up and might even push it up for a bit BUT I can see any strength in it...
In case the price started dropping more, that other support line I put on the chart can hold the price up and cause a bounce.
If you're opening long positions, be very careful and close with small profits.
This market is going to drop, soon!
Current Market Price: $2156
Good Luck
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Can ETH break $2400??Ethereum appears to be continuing its bull wedge pattern, with a hard upper bound at $2400. This is the level we must break if there is any hope of ascending past the $2K handle. It has provided extreme resistance in the recent past. There is a divergence in the Kovach OBV which is still quite bearish. This suggests that ETH will break down, rather than up and find support again at $2232 or $2134. If we are able to break $2400 then our next target is $2556
ETHEREUM PSYCHOLOGICAL LEVELS Just like Bitcoin, ETH is green today. We have drawn our psychological levels, where we expect the price to react. From now, we will be looking for futures long opportunities in low timeframes if Bitcoin shows bullish strength and Ethereum retraces enough to trade comfortably.
Hope you take advantage of these, Alkalites.
Bottom touched? Will the bullish trend continue shortly?Looking at the chart development of the last years, we should actually be in the intermediate hiatus before the continuation of the bull run here. JP Morgan and other banks are gearing up and getting more excited about the number two in the market, while they are giving less appreciation to Bitcoin. I believe ETH should now recover from this point and move to higher highs, smaller short-term dips are possible. See you at the NEW ATH.
P.S: All those who are shorting and think I don't understood the bull cycle should remember that the sell the news from major institutions has not yet occurred. So the sentiment is not so negative :D
As always: The chart does not represent an investment recommendation for ETH. Sell and buy ether on your own responsibility. Always do your own research. Never invest more than you can afford to lose
Ethereum Is Decoupling Bitcoin SignificantlyThe intraday spread between Ethereum and Bitcoin is widening at a faster pace than expected. Seems like the third wave is being extended, which is a very bullish sign. I would expect Ethereum to claw back more market cap dominance over the next couple weeks.
Etehereum Meets ResistanceEthereum has caught some formidable momentum, taking us from the sub $2K handle back to $2232. The level at $2143 did not provide much resistance to ETH, but $2232 appears to be a roadblock. We are seeing a bit of a pullback here, but support back at $2143. Watch for it to range here, forming a bullish consolidation pattern before making a run for $2400. This is a serious level which is sure to provide resistance. If we run out of steam, then $2025 is the next level of support below. The Kovach OBV is still strong but rounding off ever so slightly
Ethereum (2 consecutive retracements)These are my current thoughts on ETHAUD.
Alternatively, you can hold until 14000-23000 at 980 (1300-2200%).
This is based on the alignment of trendlines, lower lows, consistent pullbacks, potential retracements, fibonacci levels, and market conditions.
If market conditions change, then adjusting previously held beliefs is important.
This publication is for reflection on the accuracy of ideas (price/dates).
Ethereum/Bitcoin Spread Should Expand MoreFor those unfamiliar with this indicator, the ETH/BTC intraday spread is a great risk on / risk off barometer for the crypto markets. I was both right and wrong in my previous analysis. I was right that the last downward wave was shaped as an ending diagonal. However I was wrong, when I thought it would go lower when it was actually completed. I relabeled the count to match what we are seeing right now with the movement of both cryptocurrencies. As I am writing these lines, ETH is consolidating the large gains made over the previous days. In theory, there should be another upward movement so we get 5 waves up from the lows of this week-end. As a trader, this means you should focus on trading ETH because it has potential for more gains.
I Say 1000$ ; $30-40 is a very cheap figure.Seeing the future is not everyone's business.
Don't say I wish I had bought it in the future, buy it now, add it if it falls.
It is not investment advice. Install tp and stop.
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-The risk is twofold. The risk will decrease once the crypto gets validated. When the risk decreases, new riches will emerge.
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-When the risk becomes too high, the price drop will come.
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-Time reduces risk.
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As long as you don't turn cash, you are not considered to have made a profit.
Cash is what we can spend with a credit card. like $,€,£
When you spend in the future like bitcoin, ethereum, ethereum classic, you don't need to exchange for dollars.
For now Visa and Mastercard are in tracking status.
In fact, those who buy bitcoin at $ 65 thousand clearly in the future will not be upset again.
The top of Bitcoin is not 65 thousand dollars. There is a high probability that we will see numbers close to 200 thousand as a peak.
Here it will wait for a long time and fall. So when it starts to stabilize, bitcoin will drop.
There is no such thing as stabilization in high-risk money.
Of course, certain revolutions and innovations will be required for it to be 200 thousand dollars.
Crypto Marketcap I expect 10-12 Billion$.
Interest in Gold-Silver will gradually decrease.
ETH - Important Support Level To HoldHello everyone, rouzwelt here
Well it should be clear enough for everyone seeing the chart that ETH is now sitting at the critical support level, that's an important level for ETH to hold. after the double top that we saw few days ago in the chart which ETH has been rejected from and fallen to its critical support level.
If somehow ETH manages to hold on to this level we can expect some uprise at least locally for some days. but we should be aware of BTC price action at this point cause that's the leading indicator for most of altcoins at this stage and if BTC falls then the whole market will follow.
I'd like to point some good sign here and that is ETH at least is sitting above its local down trend line (yellow line), it had a fake out but right now is above it.
Let's see what ETH does with its support level and position accordingly. You always wait for confirmation before opening a position, that's the key. As long as ETH is below its double top level, I wont open long positions, once we have clear sign of breaking above it with volume coming in simultaneously I'd be more than happy to go long.
Have fun and trade safe.