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Ethereum-bitcoin

ETH Target Could Be Up To 0.15 BTCAs per my previous idea from several weeks ago (/x/PuGYWTgB/), Ethereum has broken out of a large base (purple box) against Bitcoin. The near-term target based on a measured move from that base (equal to the depth of the base) is around 0.069-0.07BTC. But Ethereum has also broken out of a larger triangle on the monthly chart. And this often leads to testing the highs of the triangle (around 0.15 BTC) To be conservative, some people take the depth of the triangle at the breakout point, and set that as the price target, which would be about 0.085 BTC. So we have three major points to watch: 0.07 - which I expected to hit fairly quickly due to the length of the base, and it seems to be progressing as such. 0.085 - which may take a bit longer or we may see some consolidation around the 0.07-0.085 level before a push higher to 0.15 - the infamous level that Ethereum bulls have been waiting to return to for years. Ethereum is literally leading the space right now, and all the hype of this bull run (DeFi and NFTs) is because of Ethereum. It is criminally undervalued even after this huge rise the past few months, sitting at ~$3300. $10k and beyond is certainly possible, as price has been suppressed for a very long time, likely for bigger players to accumulate massive amounts while they spread FUD about gas fees and shill "alternatives" such as the centralised BSC.
Long
by dontdaytrade
90% plus of ALT Coins Overbought = BTC BULLISHThe following list of Alt coins are overbought when you look at their monthly charts with Bollinger Bands (Default Settings): ETH XRP BNB DOGE ADA LTC BCH LINK VET XLM THETA TRON This list doesn't include UNI, WBTC, USDT, USDC, FIL, DOT and SOL for either not enough data or being a stablecoin. With that said the above is 913 Billion dollars worth of Crypto Marketcap which is overbought. That means 90% plus of ALT Coins are overbought. BTC already digested its Overbought Bollinger Band pill. These coins still need to. Now will people move to Cash (Remember Cash is Trash) or BTC? I have to say BTC given inflation is heating up and we get a CPI print on May 12th likely to be bullish for BTC. Not to mention on May 13th Alibaba reports earnings and is rumored (I REPEAT RUMORED) to have bough Bitcoin. We need a universal denominator and it will be BTC. ETH is great in some ways. Sucks in others. But is not likely to fill this role despite all the noise going on right now. Stay Calm and HODL on friends.
BITSTAMP:BTCUSDLong
by Kingstevieb
3
Ethereum 4 month trendchannel - Is this the top for now?Hello Traders I would like to share this chart with you. It is the 6 hour chart of Ethereum ETH. You can see here an almost perfect trend channel over a period of more than 4 months. Interestingly, we have now reached the exact top of the channel with the latest rise in Ethereum. There is also a short but very steep trend channel in the larger upward trend channel. The Price has now converged with the short and long trend channel on the upside. It is now good to watch what happens next. My idea is that there should first be a correction to the current sharp rise. So I am not a buyer of Ethereum at these levels now. I prefer buying at the lower boundery of the trendchannel because of a much better risk reward and less risk. If Ethereum does break out further upwards I would certainly place tight stops to protect profits. A next target for a breakout from this long-term trend channel would then be 4000 USD. Please share your thoughts about Ethereum. Do you think it will have a correction or do you think it will break the upward trend channel and continues to rise. Please explain not only your view but more important the how and why! In the past Ethereum was not able to breakout this channel so it is very interesting how it further develops!
by PegasusTechCharts
13
CRYPTO WEEKLY #17 (2021) Lets start May well and continue the trend upwards as we have a lot of adoption ahead. We are at the moment where any serious investor cant get around crypto. With diminishing returns or potential in the stock market next to a blooming and growing crypto market; we have a long road ahead... I project the majors to have a strong return in the trading sessions with coins like ETH, LINK, DOT, KSM and BNB doing specifically well - and of course; a strong return for BTC with a projected target of 62K - or to at least take out the 60K mark. If we take out our previous ATH this month, which is in the cards; we could see a 70K Bitcoin in the month of May. Which would coincide with the projected growth for the majors mentioned above. Smaller cap or high supply coins might struggle to keep up. I'm looking out for ETH this month specifically which could hit 4K if BTC pulls off its most bullish scenario of 70K. First though; lets take out 60K for BTC and reach the projected target zone of 3200 - 3400$ for ETH. Pullbacks may happen and we should always be cautious for such scenarios but the trend is bullish. IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
CME:ETH1!Long
by cryptobullethbtcxlm
Ethereum Cycle Top Idea (80k)I know its ridiculous right 80k Ethereum is that even possible ? Well Gann Fan showing that really it is possible , the 2/1 ratio line is most likely going to stop Ethereum in its tracks right I don't see it pushing past this ratio but even if Ethereum just touched this line it would be something special. So lets see what prices Ethereum would be touching the 2/1 line by month June 2021 12k July 2021 16k August 2021 18.5k October 2021 21k November 2021 24.5k December 2021 30k This area in the yellow circle is where Ethereum will reach its cycle peak most likely. I have included Fibonacci time zones as well and I get a date of June 2022 ,interesting because my intracycle top idea for bitcoin peaks in April 2022. So lets say Ethereum did peak june 2022 on the 2/1 line it would put Ethereum at 80000 dollars.
BITSTAMP:ETHUSD
by Sporia
1
Altcoin dominance clearly broke out. What's next?Big breakout both in USD and BTC terms after almost a 2 months consolidation period. Several larger coins have started doing pretty well once again, which will then have a direct impact on smaller ones. However until then on average BTC and ETH might crush the rest of the coins in terms of returns. So far the total market cap has gone up 140% vs BTC but coins have pumped on average 10-15x from bottom to top. However this next leg up will also be massive as we are moving in the 4th phase in my opinion and one where even more people from outside the space are pilling in... and where the supply/demand imbalance is massive. Currently the main issue for alts would be a Bitcoin ETF announcement or an 'attack' to 'unregulated' exchanges, but there aren't things I can predict now. All I see is tons of coins look good, Crypto outperforming everything and leading the way across all markets... So I can't see a reason why something would change right now. I don't see anything that tells me things are about to slow down, but the exact opposite. Again for now this holds both in BTC and USD terms. In my view the first 3 phases were pretty small and there was constant rotation among coins, themes, narratives, sectors and so on... but this time around I don't know what's next. Tons of things look great and if Ethereum does well, tokens on Ethereum that suffered for quite some time might be 'revived'. A 15% rally of ETHBTC is no joke, especially as it is back above all key MAs and Pivots. Essentially it is like the market has done a 5x vs BTC, with small caps coming closer to large caps, we could get another 5x. Alts came off the largest capitulation event ever, with the REAL Bitcoin Dominance hitting 77-78% and alts only rallied after Bitcoin hit 35k, which is quite big. Currently alts as a whole haven't even gone above their August 2020 peak, so they are still relatively cheap. In my opinion Bitcoin dominance could easily hit 40% in this quarter. So be ready!
FTX:DEFIPERPLong
by BitcoinMacro
2
⚠️ ETH just broke ATH and key resistance against BTC! (+178%) ⚠️Why does ETH keep pumping? I was wondering why ETH is pumping so hard without real retracements which you would normally expect. I also keep on seeing increasing volume for ETH... The question is; why is ETH doing so well? ETH DOMINANCE The answer you find in this chart, ETH just broke key resistance against the dollar AND bitcoin! This, ladies and gentlemen; is the mother of all signals; ETH will go parabolic from here; I have no doubt. I already posted about a 3K ETH in May but with current developments I think we can go much higher than that. Yes that sounds crazy but if you look how looooong it took for ETH to even get here in this bull market and how much institutions are and will be stacking it; you will understand that NOW there is a key shift in the crypto market. That is? ALTCOINS ARE DEAD, LONG LIVE COINS It is ETH taking over the position of BTC as the crypto hedge coin. Whereas you would always take profits or stops into BTC; the market will shift from BTC to ETH and not only that - no, there is a more severe reason! This is the BTC dominance. Believe me or not (and I love bitcoin, just look at my username) BTC will be dethroned as a major. The word "altcoin" will leave the crypto space and instead you will just buy coins according to what seems most interesting. This has multiple reasons: - BTC has such a big marketcap it is unable to outperform most COINS (!) thats why investing in other coins than bitcoin is more risky but also brings a lot more potential gains. - The end goal for BTC is to get to a marketcap of gold (around 8/9bn) and become low volatile digital asset that hedges against fiat - Institutional investors will always be most attracted to use case, adoption and performance of utility coins such ETH, LINK and DOT (and many more) because they can monitor progress (of the blockchain) as if it was a stock and a company. - Institutional investors will from now on becomes the main driver of the market (over retail investors); what they buy will go up and retail will follow and vice versa... THE FUTURE OF CRYPTO - BTC will become one of the coins, no longer THE coin, therefore the word "ALT" coin should be and will be ditched soon. - ETH will become will replace BTC as a hedge against smaller coins because as ETH has such great adoption and will start a deflationary model; it will be most rewarding low risk crypto asset. - BTC will become more of a low risk asset like gold; with diminishing returns and diminishing risks; exactly what it needs to be. - Future bull runs will be dominated by blockchains with the most adoption and performance, the time of meme coins is soon over. ETH VS BTC As for the ETH/BTC pair we can be very short and simple; for the next months but most likely years; Ethereum will outperform Bitcoin. Only if ETH will be outperformed by a rival blockchain; we could see a shift in this trend. For now there is zero reason to believe that ETH will not rule the crypto and defi space; it is literally what is made for and it has most of the market share. In my opinion the ETH price has a long way to reach its top and with this crucial signal flashing; I seriously have no clue of where this will stop but let me do a wild assumption; 10K is coming this year but maybe more, who knows? What I do know is that this breakout is history in the making for Bitcoin and the crypto market as a whole.
Long
by cryptobullethbtcxlm
5
ETH/BTC Indicates ETH $4000-$7000I am not a financial adviser. This should not be taken as financial advise. Please consult a financial adviser before risking capital. Never invest with funds you can't afford to lose. It is likely Ethereum will outperform Bitcoin over the coming months with Coinbase finally working through their list of those waiting to stake their Ethereum for some APY. I would assume this would create a nice amount of relatively stronger demand for Ethereum as compared to Bitcoin. However, I don't expect Ethereum to run away with this and create All Time New Highs when priced in BTC. There are too many competitors to Ethereum stealing its energy and their critical scaling update is far from just around the corner. The high fees of the network are killing demand as can be seen with the noticeable dent The Graph took in their query growth numbers. Not just this but Pancake Swap is just one of many examples of competitors stealing the show. I would expect to see Ethereum get to 0.05 - 0.07 BTC by the mid summer months of July/August. With that said when converted to dollars I expect this to mean Ethereum will be between $4000-$7000.
Long
by Kingstevieb
Very Strong Sell Indicator for ETHBTC CrossWhether it is selling a CFD or merely moving money from ETH to BTC, the short term for this cross is pointing downwards. This is because ETH and BTC are at very different points in the day graph: * ETH is in overbuy range while BTC is almost touching the oversell. * ETH just hit the all-time high amid diminishing market, which increases the tension downwards. BTC hit a major low and appears to have found support, so up it should go. * BTC today tiuched the 1W median of the Bollinger Bands. Any sustainable move downwards would indicate a long bearish market, which is unlikely for now. ETH is on the median of the bands in the day graph, which is not a significant support. Make no mistake, the foreseeable future belongs to ETH in terms of growth. However, the short term, that is the few days to come, it's another story.
Short
by MontyMacht
2