Get started

Ethereum-bitcoin

Ethereum Sees SupportAs we anticipated yesterday, Ethereum broke through to support at $2400, which has been a very faithful level recently. It rejected $2800, which seems to be a hard upper bound for now, and potentially the upper level to a bull wedge formation. We are currently seeing an inverse head and shoulders forming right around $2400 so we are likely to see support here and potentially get a bounce. The neckline appears to be at $2556, so watch for a breakout from here. There is a vacuum zone back to $2800 after that. The Kovach OBV is still pretty bearish so anticipate more general malaise until some momentum comes through.
BITSTAMP:ETHUSDLong
by quantguy
ETH Dumps, Finding Support??Ethereum has dumped from upper levels. We have been saying that $2965 is the upper bound, but upon looking at the chart, it is more like $2800. This seems to be the upper bound with which ETH has flirted since the latter half of May. We could be seeing a bull wedge forming here, but it really depends on what ETH will do with the lower bound trend line which seems to correspond with $2400. If $2400 does not hold, then there is a vacuum zone to $2232. There is a lot going on with the ETH chain so we have faith in this platform but if things keep going this way we could be able to get ETH for <$2000 which would be a strong buy in our opinion.
BITSTAMP:ETHUSD
by quantguy
No Bid for ETHEthereum caught support at $2556, a level we have identified in the past. It is currently ranging between this and $2965, which appears to be a hard upper bound for now. Current prices are hovering roughly in the middle of the range for now, so we could either seek support at the lower bound or resistance at the upper bound. Expect strong resistance from $2965 and even stronger from $3000. It appears that ETH is still comfortable with the upper $2K handle and shows no sign of a curiosity for higher levels. The Kovach OBV is still pretty flat, and unless we catch a bid it will stay this way
BITSTAMP:ETHUSD
by quantguy
ETHBTC continue to rally after breakoutETHBTC has continued to rally after it broke out of the golden pocket resistance of 0.072-0.073. Not only did price break above this zone, it came back to retest it as resistance, and then double confirmed the breakout by closing above the high of the initial breakout at 0.075. Moreover, this also means that price broke above the neckline of the W bottom pattern at 0.0735. The price target for this pattern is 0.09, which would be a new high for this bull cycle. While I would have preferred for this breakout to occur while both BTC and ETH were rallying as opposed to ETH dumping less than BTC, this setup could be a good place for some portfolio allocation, especially for those who have their portfolio mainly in BTC and looking to diversify a bit.
Long
by cryptotraderog
2
Ethereum vs Bitcoin! Let's have at it!Hey TradingView Traders, Investors and buddies! I hope this idea comes at you having found yourself having a blessed weekend and a wonderful day! Let’s dive in together as the two guerillas of ‘new money’ wage some ideological war throughout the publication below. The term "Flippening" refers to the hypothetical moment of Ethereum (ETH) overtaking Bitcoin (BTC) as the biggest cryptocurrency. It may seem outrageous to think Ethereum will overtake the Bitcoin market cap, but let's go over the logic on why there is probability of this occuring. Let’s dissect some fundamental headwinds for ETH vs Bitcoin by exploring the development of their networks current upgrades: Fuel Fees. Under the current system, users send what’s known as a gas fee to miners as payment for transactions to be verified, in a kind of auction. Minders in current proof of work complete transactions by using computing power to solve puzzles on the network which create crypto and receive a piece of the fuel payment. Eth however has seen rampant growth, especially due to NFTs popularity and this is made evident with the block sizes consistently being near full. When the network gets busy the auction system of fuel fees enable users to bid up their transaction to essentially jump in que which leads to increased costs within the network. Solution. EIP-1559 will address this issue during the “London hard fork”. With the new update the gas fees will be automatically determined with a base fee which will fluctuate according to network congestion. At this point an ETH user can simply compensate the miners with a “tip” if they need to jump in que. This isn’t the “end all, be all” solution, but as far as favorable fundamental tailwinds, the network will “burn” a chunk of the gas fee. This is essence ‘deflationary’ for eth. Bitcoin has gotten a lot of favor for having a ‘fixed’ supply, but if ETH continues to increase in popularity we could eventually see that more ether gets burned then generated for miners. I am of the humble opinion that this will result in a rise in the price of ether. Additional Fundamental news – Eth 2.0 I have come across a great deal of misinformation about ETH 2.0, and a few points that I would like to clarify is first with a simple ‘visual’. I once heard a psychologist say Sigmond Freud constructed a vast room of clarity when it came to psychology while Carl Jung excavated a mansion around that that room. In many ways ETH 2.0 is being built around ETH and simply will absorb it within the network. This seems very practical as it will make the transition very easy for users, and node operators. ETH 2.0 will make the platform radically swifter, more scalable by upgrading the mechanics of the network. The two biggest upgrades will be the transition of Proof of Work like Bitcoin to Proof of Stake like Cardano. Bitcoin has miners competing to solve complex puzzles and they are then provided block rewards. As Turncoat T(M)usk (/sarc) has accurately stated Bitcoin energy consumption has skyrocketed. With the conversion to Proof of Stake ETH will validate transactions and ‘mine’ using the number of coins they are holding and willing to offer in essentially what amounts to an ‘escrow account’. This will colossally reduce the impact on the environment along with not only energy consumption but as Vitalik mentioned on the Lex Fridman podcast, hardware consumption as well. Each Ether node operator has to stake 32 ether and then receive rewards. They mentioned on the podcast that this is actually MORE secure then Bitcoin as an attack on the network would costs more than the collective value of all stakes that had been submitted in the beacon chain in December – they mentioned essentially it would costs greater than $15 Billion Dollars’ worth of ETH. The second upgrade will be “sharding” which was also mentioned in the podcast and within many research papers and articles. This will essentially entail new networks running parallel blockchains within the network. Vitalik himself described it as essentially taking a random 100 node operators and delegating them to come to consensus on a certain block, and then after they are all in agreement they are broken up into a new random sampling to come to consensus on a new block. Once they block has come to consensus it is “signed/authenticated” and linked to the main beacon chain. This will make it radically more efficient, reduce costs, increase scalability and improve the user experience and the experience of those staking the product. The users staking receive passive interest on their underlying deposit in the “escrow” account. The benefits in conclusion will be energy/hardware consumption plummeting, more efficiency, a swifter more scalable network, a deflationary product that is burning ETH and rewards for those passively operating nodes which will encourage them to “stay long” to reap the rewards. Bitcoin on the other hand is working on adding “the Lightening Network: as a second layer to the Bitcoin network which will enable transactions peer-to-peer off network “off chain transactions”. This has been in development by Thaddeus Dryha and Joseph Poon since 2015, and will be important for emerging markets especially. The benefits to the lightning network will be increased transaction time, and decreased costs for transactions. The latency in the network which occurs when the network attempts to process simultaneous transactions has led to higher transaction fees as miners take longer to validate transactions. Also, participants can sometimes pay a higher fee to have their transactions processed faster very similar to ETH to essentially jump in que. Bitcoin's Lightning Network is supposedly going to help improve the processing times, build scalability, and lower the network's transaction fees. When the lightning network is in full swing the vision is for users to transfer Sats between each other without charges directly from digital wallets off-chain. Taking transactions ‘off-chain’ will improve the congestion ‘on-chain’ and will reduce the costs and improve the processing time. There is a great deal of criticism about this upgrade. The primary criticism is that it will not actually solve the transaction fee issue. Although the lightning network allows payments between two parties, an opening transaction or deposit must be made via on-chain. The two parties then can process multiple transactions between each other, but once the bill has been settled, they need to record a closing transaction for the settled amount on the blockchain. There is a separate routing fee to transfer payments between channels. Since the fees for the lightning network are quite low, in theory, it should attract more participants. However, if the fees are so low for the routing of payments between nodes, there might not be any incentive for the nodes to facilitate the payments. Another criticism is if there is congestion created through a malevolent attack. The idea originator Dryja himself stated, “forced expiration of many transactions may be the greatest systemic risk when using the lightning network.” The final criticism is that we still are not addressing the rampant energy consumption of Bitcoin. I know proponents like Saylor are justifying this as essentially “well the internet itself uses a lot of energy”, “we want a lot of energy and costs associated with keeping the cleanest money in the world safe.” I will not dispute Saylor, but I also would certainly not call Bitcoin “clean”. We will see with the ETH 2.0 upgrade the energy cost reduce by 99% according to research papers. I have heard an analogy that if Bitcoin is consuming the energy of the city of all of London, following ETH 2.0 upgrade, Eth will be consuming the energy of a single tenant in an apartment in London. The final comment I will make is simply the utility of the two financial products. ETH enables smart contracts, BTC enables ‘wealth transfers peer-to-peer.’ I will also say one benefit BTC has over ETH is that it is more decentralized than ETH is, and hopefully some of you can comment and add additional benefits that surely I may be missing. Simply put, ETH is “smart money” and BTC is supposedly a “store of value” – personally though I rotated 99% of my BTC into ETH about 8 weeks ago and have happily not looked back. This conversion was not because of simply the better upgrades instore for ETH, but rather due to Technical Analysis. So let's peek at some TA on the daily so you can see the prices of each product at the moment of this idea being written: In the green corner we have ETH at $2,688: In the red corner we have BTC at $36,034 Lets simply look at the trends associated with Market Dominance. We can clearly see below ETH above the EMA ribbon with the ribbon pointing up in a bullish trend. We can clearly see below BTC below the EMA ribbon with the ribbon pointing down in a bearish trend of market dominance. Final chart is a weekly ETC/BTC pair. I will state plainly that before looking at ETH overtaking the BTC dominance please notice the increase in volume and the trend as user growth has been exploding. Regardless of where you park your wealth I think good things are in store for both of these financial products. I know many are very passionate about their favorite project, and I welcome competing ideology! The TradingView Community is remarkable and I have great respect for all you brilliant minds that provide new paradigms and perspectives. I certainly may be missing some key points so correct me if I am wrong, or let me know which other project you think is better than even these two that I should explore next. If you enjoyed this content please be sure to give it a like so other traders get a chance to digest this and add their expertise. In a spirit of abundance I wish nothing but great fortunes upon you dear friends!
CRYPTOCAP:ETH
by ZenMode
12
Ethereum (ETH) Bullish CaseI will start off by saying this is not a recommendation to buy nor sell, not advice, and I am currently in a long position on ETH. I'm also not saying this will play out exactly the way I think since all it takes is a national government—or Elon Musk—to drop the entire crypto market out of the sky. However, I believe the transition between the two majors is finally taking place, and I will give both a technical and fundamental analysis on why: Technical Analysis Ethereum (ETH) vs. Bitcoin (BTC) Currently, on the daily, we are seeing an ascending triangle forming for ETH while BTC is forming a symmetrical triangle. Now, this doesn't immediately strike me as being a bearish indicator, as it's more neutral, however, we know that symmetrical triangles can sometimes lead to a downward move. The point here is I believe ETH will eventually lead the market to a bullish move; bringing BTC with it. We see volume trending down for both cryptos. Lastly, looking at the stochastic, we can see the momentum is starting to peak above 80 again. Something to note: my stochastic is setup to show me strength of momentum during a trend and overbought/oversold in a range. You can see what I mean by looking at the indicator on ETH between 4/29 and 5/12. Holding above 80, it moved roughly 56% from 2750 to its all-time high of 4330. On the flip side, BTC saw a similar move between 2/6 to 2/22 where it held above 80 and moved about 50% from 38400 to 58100 before falling into a range. I threw some fib lines to show where there might be resistance after ETH breaks above the current triangle pattern. If there's enough support behind the crypto, I could see it form some resistance around 3640. From there, I'd project we'll likely see a bull flag form down to the 1.272 at 3230. Again, these are just the technical indicators that I look at myself using a strategy that's mostly focused on equities. However, there are some fundamentals at play here that are a bit interesting. Fundamental Analysis Let's kick this off with some stats: Since the COVID bottom on 3/13 that put ETH around 90 and BTC around 3800, both have made a killer comeback over the last 450 days. Low to ATH: BTC: 1600% ETH: 4900% Low to 450 Days: BTC: 830% ETH: 2850% As of today, BTC is down 45% while ETH is down 39% from their all-time highs of 64900 and 4380 respectively. Oddly enough, those all-time highs were nearly 1 month from each other, which, if you were around for the winter crypto boom of 2017/18, you remember that ETH hit its all-time high exactly 1 month after BTC. Now, we need to correlate the two powerhouses here and show the differences between then and now. During the winter 2017/18 run, BTC ran a staggering 1400%, while ETH ran a bit more to 1800%. From the 2017/18 high to the COVID low: BTC saw an 81% drop where ETC saw a staggering 94% drop. One fun little stat comparing ETH to BTC between winter 2017/18 and now. As we mentioned above, BTC is currently down 45% from its ATH where ETH is 39% from its ATH. In 2017/18, factoring in the same 1-month lag for ETH to peak, BTC fell 55% where ETH fell 39%. This begs the question of: does this mean we're going to see ETH continue to perfectly correlate with BTC? This is where I don't think that's the case anymore. The main reason for this drop was due to events that took place causing considerable fear in the crypto market. The fact that ETH is about to "hard" fork to ETH2, which is set to make the blockchain more efficient with proof of stake (PoS), is likely to attract even more influential names. Which we already have seen with Elon tweeting that he agrees with Vitalik. Potentially we could see Tesla ( TSLA ) eventually switch its BTC for ETH. However, this is just pure speculation on my part. We'll see how the crypto market performs over the next few months and if ETH begins to have a mind of its own.
COINBASE:BTCUSDLong
by KernTrades
1
Ethereum LONG / SHORT ?? Bull market Finished? Check it here!Dear traders, here is a new analysis for Ethereum. Ethereum has fallen out of the rising triangle and that means a possible further decline. There are several patterns that point to that decline. We see a Diamond that has broken out. Ethereum is also forming a head shoulder formation with now the right shoulder in the making. If Ethereum stays above the orange "Last hope trend line + Ultimate support", thenis definately still with the Bullish scenario. See Green arrow trajectory! The LONG target possibly with 36 hours. Short only if the following conditions are met and confirmed: ---> Warning - Caution <---- So the SHORT scenario starts only after the last trendline (LAST HOPE TRENDLINE and Ultimate support has been broken through! Only AFTER that, the following targets and opportunities to short come into view. ---> That will also automatically close the LONG position and go SHORT <--- I have not a single problem with reversing the long to short if needed. Trade what you see, not what you think! First targets: Targets, 2540. 2468, 2395, 2335, 2271, 2184, 1891, 1730 Different ways to short here at confirmation: 1. After a breakout below the orange neckline. 2. Upon a retest of the orange neckline. 3. After a retest of the green broken rising trend line. Good luck traders! Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research! --->> Traders please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
Long
by PegasusTechCharts
7
ETH - What is our next stop?It looks healthy for now, The price is going up and there is a resistance on the way up. This resistance happens on the $2900 area. But can we cross it? We might! The Buy Volume is not anything high or low, it's normal... Platforms are showing a regular Buy signal which is obviously because the resistance is a little away from the current price. The Bollinger Bands are squeezing which is a sign of strength, and also Fib is warning as the price is going near the resistance. This is a 4H chart, so if the price crossed the resistance and closed a 4H candle above that area, you can safely open your long positions and aim for the TPs I've shown on the chart. But be careful because the market is fragile. Current Market Price: $2800 Good Luck Tell me your ideas. Like and Share
by ShawnMCR
ETH - Purple War Zone!Ethereum broke above 2500 ... WHAT NEXT? ETH is overall bullish trading inside our red channel so we will be looking for Trend-Following Buy setups as it approaches the lower red trendline. Moreover, the area 2450-2500 is a "Resistance turned into Support". So the highlighted purple circle with the blue arrow is a very strong area to look for buy setups as it is the intersection of support in blue and lower red trendline. As per my trading style: I will be waiting for it to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom, trendline break, and so on...) Unless ETH breaks below the 2500 zone downward with a big daily candle, then the support would become resistance again. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:ETHUSDLong
by TheSignalyst
33
Bear Case Confirmed: Ethereum/Bitcoin SpreadAs I warned yesterday, the intraday Ethereum/Bitcoin spread is an important risk on / risk off barometer to watch for the crypto market and it failed to hold a critical level. We are saturday morning and we have just seen a huge volume spike with a drop, making this a 5 waves down from May 26th top. It's possible the spread deteriorate along with a second crash on the way. This is a long week end and it's easier to manipulate this market while alot of people are celebrating memorial day. I placed a support where I think we are headed in the short-term. Let's see how it plays out.
BITSTAMP:ETHUSDShort
by quantmaven
3
Ethereum SlumpsEthereum has fallen back to $2400. This was our lower estimate from the last report. If we don't see support here, we will break down to $2232, then $2143. If we see some momentum come through after that, we will need to break $2651, then $2965, which has provided extreme resistance to ETH lately. After that, we have a vacuum zone to the $3K's, so it should be smooth sailing, but this will take some serious momentum. The Kovach OBV is completely flat, suggesting that we are not seeing anywhere near the momentum we need just yet.
BITSTAMP:ETHUSD
by quantguy
1
ETH Reverse Head and Shoulders-- LONGUsually I don't make short term price predictions but I am fairly confident in this one. ETH has just about completed a reverse head and shoulders using 15 minute candles. We bounced strongly off the 0.618 fib line and it looks like we at least want to push to the previous high. If we can break the previous high, we have daylight Wait for a clean break of the neckline to enter your position and watch closely if we test the previous high of 2765. Higher conviction if we get big volume on a breakout from the neckline Good luck out there - Sultan of Chart
COINBASE:ETHUSDLong
by Sultan_of_Chart
The intraday spread of ETH/BTC is worrisomeThe first thing I wanted to take a look at when I paid my PRO+ subscription was the intraday spread between Ethereum and Bitcoin. It can be seen as a risk on / risk off crypto indicator. The count from the top seems clear to me: 5 waves down followed by 3 waves up. The resistance at 0.0735 is extremely important. During the bull market, it served as a support several times and during the downtrend it acted as a resistance twice. If we really have 5 waves down, it could be possible that the 3 waves up counter rally we have seen from May 23rd to May 26th is over. I know it may sound crazy but that could be it if we are in a bear market... Maybe there's no more juice and this was just a huge dead cat bounce.
BINANCE:ETHUSDShort
by quantmaven
1