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Ethereum-bitcoin

⚠️ 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
Bear Crab EthereumIt appears our assessment of the cypher pattern in Ethereum was a bit premature. What we thought was a bearish Gartley pattern evolved into a bearish crab pattern. We saw almost a full retracement of the CD segment which is perfectly reasonable for this pattern. The level $2143 has provided good support and we are likely to continue to see support here. It looks like we are catching a lift here at these levels. We've already broken through $2232 and are in the vacuum zone between that and $2400, the next level. The Kovach OBV has completely bottomed out suggesting we may get some buying here.
BITSTAMP:ETHUSDLong
by quantguy
1
ETHBTC Bullish for a move to 0.054Technically we are bullish for a move up to 0.054 aslong as we are closing daily candle bodies above 0.029 For the next impulse to start we need a strong bullish momentum candle at this current level If we close a daily candle below 0.029 we will most likely move to 0.025 and have a big bounce there to attempt an impulse If we break 0.023 then i will get longterm bearish, but aslong as we are closing bodies above 0.023 im long term bullish from here
Long
by Alrightdude
2
Ethereum Bear Cypher Pattern!!Ethereum is feeling out the range after it dipped to $2025. We have attempted a rally, but have stopped short of our resistance level at $2402. We appear to have a bearish Gartley cypher pattern forming. Cypher patterns are extremely reliable in trading and we can expect ETH to retrace 50% of the CD range. This coincides nicely with about $2200, a technical level. This would be perfect for a short term trade and would give traders the opportunity to load up for the longer term.
BITSTAMP:ETHUSDShort
by quantguy
ETH STILL Outperforming BTC...To stay up-to-date with the latest market developments, be sure to subscribe to Kraken Intelligence at kraken.com ETHUSD Statistics: Market Capitalization: $264B CryptoAsset Rank: #2 24-Hour Return: +5.5% 7-Day Return: -1% From All-Time High: -10% Recent News: Last week, Ethereum completed its Berlin upgrade. The hard fork set the stage for this summer's London upgrade, which will bring major changes to the Ethereum network. Last week, Mastercard announced a partnership with Consensys in a bid to build payment solutions on Ethereum. Today marks the launch of three ETH ETFs in Canada: Purpose Ether ETF (ETHH), CI Galaxy Ethereum ETF (ETHX), and Ether ETF (ETHR). Potential Catalyst: This July, Ethereum's London hard fork will go live and includes the highly controversial Ethereum Improvement Proposal (EIP) 1559. The EIP will make ETH a deflationary asset by making gas fees, or "base fees," algorithmically determined and burned. EIP-1559 is expected to reduce miner’s revenue by roughly ~20-30%. Technical Setup: Notwithstanding the market's weakness over the past several days, ETH has held up well against BTC for 4 weeks and counting. As previously discussed in weeks prior, ETHBTC remains in an ascending channel pattern formation. The recent relative outperformance on behalf of ETH has pushed its valuation relative to BTC to 0.04 BTC. The bounce off the channel's support and ongoing uptrend suggests that ETHBTC is headed for the channel's resistance at roughly 0.05 BTC - a level last seen in August 2018. Said differently, one could expect ETH to outperform BTC in the weeks ahead. However, history suggests that ETH will likely underperform once it hits the channel's resistance, wherever that may end up being. Assuming BTC holds at its current price of $57,000, a move up to 0.05 BTC would imply a $2,850 Ether.
by phum126
When Resistance Turns Into Support As Shown In Ethereum The law of polarity says there is a battle that is fought everyday between buyers and sellers to move the market. The struggle creates zones of support or resistance when breached will flip roles due to power balance shift in the supply/demand equation. In simple terms we see that ethereum has now found support at $2,000 and is free to move higher to find a future resistance level. If you like follow/comment/like for more ideas like this
COINBASE:ETHUSDLong
by TradingMula
ETHUSD Melt Up or Consolidation Following a sharp drop this morning in cryptos ETH is faced with a decision. Currently with a line in the sand at 2235, ETHUSD along with BTCUSD have a wide range they could be subjected to with the implied bottom at 2122 and swing low at roughly 2000. A push past 2235 could spark some aggressive participation and retrace back to its former range between 2320 and 2450. Due to the growing popularity in cryptos with the insane bull runs in alts such as Doge Coin, a break of 2235 seems probable thought there is no way to know how much sell pressure is yet to come into the market. Despite this sentiments, new bans in Turkey as well as class action suits from banks could create a compressive environment similar to what we saw last week. However, correlation with standard currencies such as the USD could lead to price lifting across the crypto market as the Dollars value decreases with the US Federal reserve plans of staying mostly hands off in terms of interest rates until 2024. All in all, this sell off could be seen as a good buying opportunity by many and continued bids in AltCoins is probable with a growing un-leveraged investor base.
COINBASE:ETHUSDLong
by crawfordpaul
WHEN CRYPTO WILL CRASH? - CRYPTO MARKET CAP CRAZY ANALYSISHi guys. I'm very proud of this analysis. 1) Based on the first macro Fibonacci extension and the fib circles, it looks likes we are approaching the next crash which will occur in May (-40%-45%?). This is exactly what happened in the previous cycles. The crypto market will go down once it reaches 3.2T$ However good news. This is not the end of the cycle. 2) Based on the second macro Fibonacci extension, the fib cycles, and the fib time zone, it looks like we will top out between the end of Aug and Sept. This is exactly what happened in the previous cycles. The crypto market will go crash once it reaches 17T$. I'm not sure there will be a super cycle.
CRYPTOCAP:TOTALLong
by Homocryptus
3
🚨 UPDATE ETH/BTC - Trade successfully completed!Hello dear readers, I presented the idea for this trade HERE on 22 March. Now the trade is finished: Symbol: ETH/BTC Duration of trade: 15 days Profit: 22% Conservative All price targets worked off: Yes With that, this trade can be filed away, on to the next one :) As always, it's "do your own research" - I am not an investment advisor and this analysis only reflects my personal opinion and is not a call to individual action! If you want to support my work I'm happy about a Like & Follow 🙏 Best regards & success! Chartdigger
Long
by CRV_Trader