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Ethereum (Cryptocurrency)

ETHBTC Shows Lower Degree Bullish Setup FormationWe talked about ETHBTC back on July 5th, where we mentioned and highlighted a completed higher degree corrective decline with strong support zone. Since then, we have seen some short-term slow down, which can be just a lower degree bullish setup formation. ETHBTC looks to be finally ready for a bullish continuation within higher degree wave C/3 after we noticed an impulsive rally into wave A/1, followed by recent a-b-c corrective setback in B/2. With current sharp bounce, seems like wave B/2 is completed and wave C or 3 already in progress, especially if the price jumps back above 0.05150 region. Bullish ETHBTC pair also indicates that Ethereum could be doing better than Bitcoin in upcoming weeks. Can other ALTcoins too? Is it finally time for ALTseason?
Long
by ew-forecast
ETHEREUM → False breakdown of MA-200 could lead to a BULLRUN ↑ BINANCE:ETHUSD in the correction phase, testing zones of interest (0.5 fibo and MA-200), forming a false breakdown, which in general can lead to a strong upward movement supported by strong fundamentals. Fundamentally, ETH is quite positive. ETH-ETFs were launched on July 23 and continue to gain momentum. The correction, which has been observed for the last two days is mainly due to the outflow from GrayScale (exactly the same scenario was with BTC), also a slight pressure is created by the situation with Mt.Gox, but against the background of BTC transfers to exchanges and their distribution among its debtors, bitcoin is strengthening, such behavior of the flagship indicates support for eth. Technically, the price is forming a correction to 0.5 fibo relative to the bullish momentum as well as a retest of the Daily MA-200, forming a false breakdown with a fairly aggressive buyback, indicating the presence of a strong buyer who is not ready to go down beyond $3000. Resistance levels: 3357, 3540 Support levels: 3200, MA-200 The main task of the bulls is to keep the defense above the zone of interest at $3200. Further it remains to wait for resistance retest with the purpose of its breakthrough and further bull run to $4000 - $4500 - $4900. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD Regards R. Linda!
Long
by RLinda
15
ETH Trade Ideas! Pick Your Poison.After a nice bounce from the GP, Trendline confluence, we are struggling to move higher. I would expect a move lower to test the untested POC and sweep the last low before moving higher. If we lose the POC, the VAL & Daily would be my next target. #Ethereum Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
Ethereum ETF Launch Brings Inflows of About $2.2 Billion In a landmark event for the cryptocurrency market, the launch of the spot Ethereum ETF in the United States has brought in a staggering $2.2 billion in inflows, as reported by CoinShares . This surge marks the highest weekly inflow since December 2020, highlighting a renewed interest and confidence in Ethereum and the broader crypto ecosystem. Unpacking the Inflows and Outflows CoinShares, a leading blockchain analytics firm, revealed in its latest report that the launch of the spot Ethereum ETFs last week significantly boosted market activity. Weekly trading volumes skyrocketed to $14.8 billion, indicating robust investor engagement. However, the picture is not entirely rosy. The Grayscale Ethereum ETF (ETHE), despite the overall positive market sentiment, experienced substantial outflows amounting to $1.5 billion, nearly 20% of its assets under management. This outflow dampened the otherwise bullish narrative. In contrast, ETFs managed by giants like BlackRock, Fidelity, and Bitwise saw net inflows totaling $1.18 billion in the same period. Despite these positive inflows, the net outflow for Ethereum ETFs in the first week stood at $338 million. Globally, Ether ETP products experienced a massive 542% surge in trading volumes, reflecting a high degree of investor activity and interest. A Déjà Vu with Bitcoin ETFs The initial response to Ethereum ETFs mirrors the early days of Bitcoin ETFs. Last week, spot Bitcoin ETFs in the U.S. recorded inflows of $519 million, contributing to a monthly total of $3.6 billion and a year-to-date inflow of $19 billion. These figures underline a growing acceptance and adoption of crypto ETFs among institutional and retail investors alike. Despite mixed flows, digital asset investment products saw relatively muted inflows of $245 million last week. Nonetheless, the Ethereum ETF launch significantly boosted trading volumes, reaching their highest levels since May at $14.8 billion. Ethereum Price Dynamics Ethereum's price has been on an upward trajectory, gaining over 1.64% in Monday's trading. Data from CryptoQuant indicates a surge in open interest, with a $1.5 billion increase in the last three weeks. This rise in leveraged trading could lead to greater volatility, as liquidations become inevitable. Investors should brace for potential price swings in the near term. Looking Ahead The recent price appreciation has pushed total assets under management (AuM) to $99.1 billion, with year-to-date inflows reaching a record-breaking $20.5 billion. As the market continues to evolve, the launch of the Ethereum ETF marks a significant milestone, paving the way for increased mainstream adoption of digital assets. While the mixed response to different Ethereum ETFs may cause short-term fluctuations, the overall trend points towards a growing maturity and acceptance of cryptocurrency investments. As an Investor and market participant closely watch how these dynamics play out, particularly with the anticipated increased volatility in Ethereum's price. In summary, the launch of the spot Ethereum ETF has had a profound impact on the market, bringing in unprecedented inflows and driving trading volumes to new highs. As the ecosystem continues to grow and mature, the future of Ethereum ( CRYPTOCAP:ETH ) and its investment products looks promising, albeit with the expected market volatility.
Long
by DEXWireNews
Nine Spot ETFs Plunge ETH Prices. Will ETH Tank Further?The SEC approved the listing of nine spot ETH ETFs on 23/July. The launch of these ETFs was expected to drive capital flows with spot buying. But it didn’t. ETH prices plunged by 9% over the following two days. Crucially, the decline in the ETH/BTC ratio was a similar 9% as BTC remained resilient. Following what appears to be a sell-the-news event, the outlook for ETH remains mixed as GETH outflows are more than offsetting inflows to the other ETFs. The sharp price decline offers a buying opportunity. Take caution as the risk of further decline persists. Implied Volatility (IV) on puts increased while IV on call declined after spot ETF approvals. ETH ETF APPROVAL ACCOMPANIED BY PRICE DECLINE The SEC provided final approval for eight spot ETH ETFs to trade while also allowing the conversion of the ETHE trust to a spot ETF, making it nine spot ETH ETFs in total. Source: Farside ETH prices dropped by 1.3% on launch day clearly marking a "sell the news" event. ETH plunged nearly 9% over the next two days, returning to its 20/May levels. This earlier date in May marked the onset of rumors about the SEC's likely approval as covered previously . Crucially, the ETH/BTC ratio also declined, highlighting the specific negative impact on ETH distinct from the broader crypto market. OUTFLOWS FROM GRAYSCALE ETHEREUM TRUST DOMINATE NET ETF FLOWS ETH prices were pressured down by massive net outflows led by fund movement out from Grayscale Ethereum Trust (ETHE) chiefly due to steep expense ratio. These outflows far outpaced the inflows to other ETFs. Source: Farside Grayscale offers a lower cost alternative in the mini ETH ETF (ETH), inflows into it are small and inadequate to stem the outflow from the much larger ETHE. Launch of Spot BTC ETFs caused outflows from Grayscale Bitcoin Trust ETF (GBTC). Investors then switched over to lower cost ETFs. This time though, the net effect on ETH ETFs has been much more negative. Crucially, outflows from GBTC continued for almost four months after spot ETF launch. ETHE outflows could also continue for a considerable period, dominating net flows in spot ETH ETFs for the foreseeable future. CALL IV HAS DECLINED FOLLOWING ETF LAUNCH IV skew for 25-delta options showed that calls were far more expensive than puts. This reversed sharply after the ETF launch on 24/July, making puts expensive relative to calls, signaling rising fears of pain for ETH prices in the near term. Source: CME QuikVol Though ATM IV has dipped somewhat following approval, it still remains elevated from last month. Source: CME QuikVol HYPOTHETICAL TRADE SETUP ETH ETF launch has been a stark sell-the-news event. Prices have reversed gains. While spot buying may drive positive price action, recent flow analysis from ETH ETFs shows outflows from ETHE dominating. Like GBTC, this trend could continue for many months, with inflows to other ETFs muted, the net effect may be higher selling pressure in the coming weeks. Still, ETH prices have corrected sharply. It trades 12.5% higher from a major YTD support level and above the 200-day moving average. Consequently, ETH prices are unlikely to trend much lower from current levels. Breakout to the upside also remains unlikely in the near-term given the lack of major news flow. A bullish put spread is an astute trade set up to harvest elevated put IVs amid a narrow trading range. A bullish put spread consists of a short put at a higher strike combined with a long put at a lower strike. This position benefits from the net credit earned from the short put position net off the premium paid for the long put. Long put provides the crucial downside risk protection while also reducing the margin required. The proposed hypothetical trade set up comprises of short 3100 put combined with a long 3000 put on CME Micro Ether Options expiring in August. While the position offers a fixed upside and downside, it is crucial to note that the maximum loss for this position (USD -6.5) is higher than the maximum profit (USD 3.5). As such, the position would lose money in case the present downturn in ETH prices continues. MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
CME:MET1!
by mintdotfinance
Ethereum Is Poised For More GainsEthereum with ticker ETHUSD is nicely waking up after recent higher degree A-B-C correction in wave (4) that can be bottoming at 2700-2850 area as price recovered sharply in the last two weeks that can be first wave 1 of a higher degree wave (5). Notice that there was also a broken channel resistance and five waves up from the lows up to 3565, followed by a sharp drop which can belong to wave 2 correction. So, more gains can be seen now after a Trump's speech at Bitcoin conference in Nashville. There were a lot of positive comments from Trump that can send the price at least up to 3800 area, but we believe it can be trading in wave 3, especially if ETH breaks above channel resistance line near 3800 level. At this stage, alternatively just be aware of more complex wave 2 that can retest 3000 support level.
COINBASE:ETHUSDLong
by ew-forecast
Ethereum (ETH) at a Major Inflection Point Amid ETF ApprovalVolatile Market Action: The crypto market's volatile price action continued last week, with much of the previous week’s gains being retraced. Focus on Ethereum: This week, Ethereum CRYPTOCAP:ETH is at a major inflection point given the approval of ETFs by the SEC. Trend-Following Concerns: From a pure trend-following standpoint, a potential lower-high was completed last week. Following the low from July 5, which exceeded the low from May, this could indicate a short-term downtrend for Ethereum. Key Support Levels: Support: $2,900-$3,100 Ethereum is still given the benefit of the doubt as long as prices hold above this support range. If this support holds, Ethereum could be considered in a broader consolidation within the broadening wedge formation. Maintaining this support is crucial to avoid further downside. Key Resistance Levels: Resistance: $3,400-$3,600 For Ethereum to look bullish again, it needs to clear this resistance range. Breaking through this resistance would negate the bearish scenario and potentially set the stage for a bullish run, bolstered by the positive sentiment from the ETF approval. Stay informed and monitor these key levels as Ethereum navigates this critical period! ⚠️📈 #Ethereum #ETH #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Trading #SupportAndResistance #ETFApproval #Bullish #Bearish #Volatility
BITSTAMP:ETHUSD
by Richtv_official
Ethereum back to 4k zone?Unlike Bitcoin, the recent correction in the crypto market hasn't led to a break of support in COINBASE:ETHUSD case. Instead, bulls held the 2900 technical support level very well. Although the recent ETF approval led to some profit-taking, bulls returned to the market around 3100, establishing a higher low. With new optimism back in the crypto market, I don't see ETH being left behind, and I expect a continuation toward the 4000 resistance level. Technically, as I mentioned, we have a higher low relative to the 2900 support, and once 3400 is cleared, we could expect acceleration. This outlook is negated if the recent low does not hold.
COINBASE:ETHUSDLong
by Mihai_Iacob
Could price reverse from here?Ethereum (ETH/USD) is rising towards the pivot and could potentially reverse to the 1st support. Pivot: 3,387.81 1st Support: 3,185.17 1st Resistance: 3,519.30 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:ETHUSDShort
by ICmarkets
$STEEM perform An inverse head and shoulders 1. **Left Shoulder**: The price declines to a new low, then rises. 2. **Head**: The price declines again, forming a lower low than the left shoulder, then rises. 3. **Right Shoulder**: The price declines once more, but not as low as the head, then rises. 4. **Neckline**: Draw a line connecting the peaks between the left shoulder, head, and right shoulder. This line is called the neckline. ** Trading Steps** 1. **Confirmation**: - The pattern is confirmed when the price breaks above the neckline. Wait for a close above the neckline to confirm the breakout. 2. **Entry**: - Enter a long position (buy) once the price closes above the neckline. Conservative traders might wait for a retest of the neckline as support. 3. **Stop Loss**: - Place a stop loss below the lowest point of the right shoulder to minimize risk. 4. **Target Price**: - Measure the distance from the head to the neckline. Add this distance to the breakout point to set your target price. ### Example 1. **Identification**: Suppose the price forms the left shoulder at $40, drops to $30 to form the head, rises back to $35, then drops to $32 to form the right shoulder, and the peaks between these are at $35 and $34. 2. **Neckline**: Draw a line connecting $35 and $34. This is your neckline. 3. **Confirmation**: Wait for the price to break above the neckline (say at $34.50). 4. **Entry**: Enter a long position at $34.50. 5. **Stop Loss**: Place a stop loss slightly below $32 (the right shoulder low), e.g., at $31.50. 6. **Target Price**: The distance from the head ($30) to the neckline ($34) is $4. Add this to the breakout point ($34.50) to get a target price of $38.50. Trading the inverse head and shoulders pattern involves identifying the pattern, waiting for confirmation, entering at the right point, and managing risk with stop losses and profit targets.
Long
by Crypto-Adda_Official
3
ORAIUSDT's Promising Ascent: A Deep Dive into Its Recent The recent price surge of ORAIUSDT to 7.670 has captured the attention of investors and analysts alike, marking a significant milestone in its market journey. This upward trend can be attributed to a combination of technical indicators and broader market dynamics. The Relative Strength Index (RSI), a popular momentum indicator, has shown a bullish divergence, suggesting that the buying interest is overpowering selling pressures. Moreover, the Moving Average Convergence Divergence (MACD) indicator has crossed above the signal line, which is often interpreted as a bullish signal that indicates potential for further gains. Additionally, ORAIUSDT's trading volume has witnessed a substantial increase, pointing towards heightened investor interest and market participation. This surge in volume often precedes or accompanies price increases, reinforcing the notion of a sustained rally. The broader market sentiment around altcoins has also been favorable, driven by growing optimism in the cryptocurrency space and renewed interest in decentralized finance (DeFi) projects. Fundamentally, recent developments within the ORAI ecosystem, such as strategic partnerships and technological advancements, have strengthened investor confidence. The project's focus on innovation and scalability could be a driving factor behind the price increase. Moreover, positive news coverage and social media buzz have further fueled the upward momentum, drawing in retail and institutional investors alike. While the current price level of 7.670 is impressive, traders are keeping a close watch on key resistance levels, anticipating potential consolidation or continuation patterns. The recent bullish run of ORAIUSDT serves as a testament to the dynamic and rapidly evolving nature of the cryptocurrency market, offering both opportunities and challenges for market participants. As ORAIUSDT continues to navigate this bullish phase, investors remain cautiously optimistic, looking for signs of sustained growth and long-term value creation.
Long
by SafeCryptoSignals
XRP: Outperforming Bitcoin and EthereumThe cryptocurrency market is a volatile landscape, marked by sudden shifts in investor sentiment and regulatory uncertainty. Amidst this turbulence, XRP has emerged as a standout performer, outpacing both Bitcoin and Ethereum. This exceptional performance can be attributed to several key factors, including its unique value proposition, technological advancements, and the evolving regulatory landscape. Unlike Bitcoin, which primarily functions as a digital store of value, XRP is designed to facilitate fast, low-cost, and global payments. This focus on utility has made it particularly attractive to financial institutions and remittance services seeking to streamline cross-border transactions. Additionally, XRP's consensus mechanism, which is significantly faster and more energy-efficient than Bitcoin's proof-of-work, provides a compelling advantage. While offering smart contract functionality, Ethereum has faced scalability challenges that have impacted transaction speeds and costs. XRP, on the other hand, has been engineered to handle high transaction volumes efficiently. This superior scalability makes it a more viable option for real-world applications, such as payments and remittances. A crucial factor driving XRP's recent outperformance is the improving fundamental backdrop. The long-standing legal battle between Ripple and the SEC has cast a shadow over the cryptocurrency. However, with Ripple CEO Brad Garlinghouse expressing optimism about a resolution in the near future, investor confidence in XRP has been bolstered. A favorable outcome in the lawsuit could potentially unlock significant institutional investment and propel XRP to new heights. Furthermore, XRP's growing ecosystem of partnerships and integrations is solidifying its position as a leading player in the global payments landscape. By collaborating with financial institutions and payment providers, XRP is expanding its reach and demonstrating its practical utility. This expanding network effect is likely to attract more users and investors, further driving price appreciation. While XRP's performance has been impressive, it is essential to approach any investment with caution. The cryptocurrency market remains highly volatile, and regulatory risks persist. However, the confluence of XRP's unique value proposition, technological advantages, and improving fundamentals positions it favorably for continued outperformance in the long term. As the broader cryptocurrency market matures and institutional adoption accelerates, XRP's focus on utility and scalability could give it a significant competitive edge. Ultimately, the decision to invest in XRP should be based on thorough research, risk tolerance, and a long-term investment horizon. By carefully considering these factors and staying informed about market developments, investors can make informed decisions about whether XRP aligns with their investment goals.
by bryandowningqln