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Ethereum (Cryptocurrency)

Eth to $4000...Today!As mentioned in my linked post to this below Eth could go to $4000 this week. I think today the 23rd it will make an attempt, the rumored day of eth trading. Targets: Trade target 1 $3860 book 75% Trade target 2 $4000 close (As usual will look to close out target manually so will keep TP open. If momentum is strong which I think it will be, it might just zip to 4k but urgency to take profit from $3860 should be exercised.) I anticipated that it would happen before hand but it shifted temporary bearish on 1hr and 4hr along with bitcoin. Then surprising in just a few hrs early this morning it shifted back bullish and now holding above $3500 resistance area, that took a lot of volume. Get Ready This could pop any moment. Already seen signs of whale activity but need a bit more confirmation that the current correction on the 1hr tf is over before entering. Stop loss Main invalidation base on 1hr is below $3435 area but I'll be looking to get my stop below the next potential HL that it will form now somewhere around $3480 or lower it depends on how the price action and market structure develops . Reward Could be a 14-20 RR move. I'll size up a little bit, not too much , just a little above normal risk. Mindset Even though this could turn out to be a big opportunity its only a probable outcome , an edge not a guarantee outcome, keep risk the same or close to normal risk. Can always lose either through invalidation or just spikes. Keep emotion under control by sticking with the plan. I'll post when I enter the trade. It will likely be soon and it could pop so turn notification on if anyone wants to see when I enter. Though you should be prepare to make a decision as I might not be fast enough to update, just don't act impulsely. Preferrable in this scenario you want to get a HL/double bottom type of structure on the 15 min tf or an engulf candle on 30 min-1hr tf with volume.
Long
by Filnft
9
Solana Steals the Show: Outperforming Bitcoin and EthereumWhile the cryptocurrency market has traditionally been dominated by Bitcoin and Ethereum, a new contender is emerging as a potential market leader: Solana. This high-performance blockchain platform has been making significant strides, outperforming both BTC and ETH in recent times. The question on everyone's lips is: Is this a sign of things to come for Solana in the remainder of this bull market? Solana's recent surge can be attributed to several factors. Its robust network, capable of handling a high volume of transactions at lightning speed, has attracted a growing developer community. This ecosystem is rapidly expanding, with new projects and applications being built on the Solana blockchain. This increased activity not only enhances the platform's utility but also boosts investor confidence. scalability and low transaction fees has positioned it as a strong competitor to Ethereum, which has faced scalability challenges in the past. As decentralized finance (DeFi) continues to gain traction, Solana's ability to handle high transaction volumes efficiently is a significant advantage. However, it's essential to approach Solana's performance with a degree of caution. While the recent surge is undoubtedly impressive, the cryptocurrency market is notoriously volatile. Past performance is not indicative of future results. Factors such as regulatory changes, market sentiment, and competing blockchain platforms could impact Solana's trajectory. Additionally, it's worth noting that Bitcoin and Ethereum have their own unique strengths and advantages. Bitcoin remains the dominant digital currency with a strong brand recognition and a large, established user base. Ethereum, on the other hand, is the leading platform for smart contracts and decentralized applications. While Solana's recent outperformance is undoubtedly exciting, it's too early to definitively declare it the next big winner in the cryptocurrency market. The crypto landscape is highly competitive, and new challenges and opportunities are constantly emerging. Investors should conduct thorough research and consider diversifying their portfolios across multiple cryptocurrencies. It's essential to have a long-term perspective and be prepared for market fluctuations. As the bull market progresses, it will be fascinating to observe how Solana continues to evolve and compete with its more established rivals. If it can maintain its momentum and address any potential challenges, it could solidify its position as a major player in the cryptocurrency ecosystem. However, only time will tell if Solana's recent success is a sustainable trend or a temporary blip in the market.
COINBASE:SOLUSDLong
by bryandowningqln
Ethereum ETFs Pump Out $1B in Trading Volume. But When Record?The novel asset class debuted for trading on Wall Street with about a billion dollars worth of trades. But Ether’s price didn’t move an inch. In fact, it dropped, confusing traders who were expecting a more impressive performance by the megacap token. What happened? Ether ETFs Make a Splash on Wall Street Ethereum ( ETH/USD ), the second-largest cryptocurrency after Bitcoin ( BTC/USD ), made its debut as an exchange-traded product this week. A total of nine spot Ethereum exchange-traded funds (ETFs) landed for their first deals on Tuesday. Packaged by eight different issuers, these new investment vehicles generated a buzz with $1 billion in volume traded, or the entire value exchanged between back-and-forth trades. The cool thing about this milestone event is that ordinary consumers and professional money managers can get their hands on a Bitcoin alternative — these ETFs hold genuine Ethereum. And while buyers can’t get custody over the digital asset itself (that’s for the issuers to handle), they can buy shares of the ETFs and get the same volatility and price exposure as if they were holding the actual product. And that’s where the value proposition kicks in — buyers don’t need to be tech-savvy, get a cold wallet and silently mumble a 24-word seed phrase every time they access the blockchain. They can log into their brokerage account and snap up some spot ETH ETF shares. A Price Show Similar to Bitcoin’s Pump Markets saw that same narrative play out picture-perfect with the launch of 11 spot Bitcoin ETFs . Back in January, the Securities and Exchange Commission gave its nod to the long-awaited crypto products and shortly after, the orange token blasted off to a record high of more than $73,000 per coin. It must be said that the all-time high didn’t arrive immediately . But there was a solid build-up in the days and weeks before the official rollout. A price increase of a formidable size . Analysts had expected a similar scenario to unfold for Ethereum. Only that, there wasn’t a powerful pump in the price — not before, not immediately after the launch of the ETFs. Why was that? Why Ether Can’t Walk in Bitcoin’s Footsteps Some big differences can be spotted. The spot Bitcoin ETFs exchanged about $4.6 billion in trading volume on day one, or about five times more than what Ethereum achieved. The second most valuable token pulled in about $107 million of net inflows — the money that stayed in teh funds after the money that had left — on its first day as an ETF product. Moreover, Ethereum is far less popular as a store of wealth and an investment asset. It’s the place where DeFi dApps and NFTs run on smart contracts (excuse the jargon, but it’s a good way to make a point). Ethereum doesn’t have the big digital currency/digital gold/payment method aura like Bitcoin. Instead, it operates as a platform where geeks program immutable contracts that lay out the infrastructure of the next internet era — Web 3. To illustrate, think of Bitcoin as crypto’s gold ( XAU/USD ), while Ethereum could be likened to Nvidia (ticker: NVDA ) (in its early days, though) — the technology player that paves the way to the next big thing. Bullish Narrative Remains Intact This said, the big guys on Wall Street are nonetheless bullish. The asset managers that launched these new ETF products, including Fidelity, Grayscale, and BlackRock, are lowering the entry barrier to Ethereum as a technology alternative to Bitcoin’s speculative cred. Against this backdrop, the price of Ethereum stayed flat and even dipped a little. The token was hugging the flatline around $3,460 per token and was down about 1% a day after the big launch. Still, Ethereum is up about 50% on the year, exactly the same pace as the rise of Bitcoin for the same time span. More importantly, the door was cracked a little more open for another spot crypto product that wanted to rub shoulders with traditional assets, such as bonds, stocks and currencies. What’s Your Prediction? Is Ethereum going to repeat the success of Bitcoin now that it has ETFs to shake up the price? Let us know in the comments!
Editors' picks
COINBASE:ETHUSD
by TradingView
13
Ethereum bullish scenarioAlthough Bitcoin bears managed to set a new low a couple of weeks ago, Ethereum bears failed to do so and instead bounced off horizontal support which suggest it is maintaining its value better than Bitcoin. With Ethereum now back above the 200 EMA (in orange) on the daily chart and holding above the mid range, there is a good probability that the key $4,000 zone will be tested again. If Ethereum breaks through $4,000, the bulls could potentially push the price to the $5,555 zone. Let’s not forget that the #Ethereum ETF is launching soon, which supports a bullish scenario.
COINBASE:ETHUSDLong
by Krokzi
ETHEREUM ETFs are live! Is a new era of growth emerging?United States Ether exchange-traded funds (ETFs) posted net inflows of $106.6 million on their first day of trading. Ethereum (ETHUSD) saw the massive inflows led by BlackRock, Bitwise and Fidelity overcome the outflows from Grayscale and that may have set the tone of a new ear of growth for the market. Much like Bitcoin's ETF launch back in January, ETH may see a similar rally that can finally take it past its All Time High (ATH). As you can see on this 1W time-frame chart, the post BTC ETD approval rally on January led to March's High. Another such Leg can see ETH past $5000 by September. Apart from the undoubtedly great ETF news, this chart shows Ethereum's cyclical behavior, and as you can see, relative to the previous Cycle, its upside potential rests a little above the 1.5 Fibonacci extension level. That was the spot where the November 2021 ATH was priced. Our long-term Target range remains $10000 - $12000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:ETHUSDLong
by TradingShot
2
Ethereum ETH ETF trading starts 23|07|24Rumor has it that ETH ETF trading will start tomorrow If memory serves, with the start of BTC ETF trading, the price of Bitcoin 💰 rose briefly, and then a 2-week correction followed... And then there was a without correcting rise #BTCUSDT price from $40 to $70k We model approximately the same scenario on the OKX:ETHUSDT chart As long as the CRYPTOCAP:ETH price is above $3000-3200, it is a strong asset. P.S: Exactly three years ago, on July 20-21, 2021, there was the final bottom of the “painfully” correction, and then was another six-month bull run in the crypto market. Conspiracy theorists and reptilians love these dates and numbers ;)
by P_S_trade
4
ETH: Reaction to leve-priceAnalysis by ahmadArz📊 ETHUSDT This chart represents the Ethereum to Tether (ETHUSDT) pair on a 4-hour timeframe. The analysis of the chart includes several key price levels and potential price movement patterns. 1. **Key Price Levels:** - **$3950.23**: A strong resistance level where the price has reacted in the past. 📈 - **$3720.77**: Another resistance level near the current price (3736.24). 📊 - **$3410.90**: A support level to which the price might return. 📉 2. **Potential Patterns:** - Two curved arrows indicate two possible scenarios: - **Bullish Scenario**: If the price breaks above the $3720.77 level, it is likely to move towards the $3950.23 level. 🚀 - **Bearish Scenario**: If the price fails to break the $3720.77 level and declines, it might reach the support level of $3410.90. 🔻 3. **Reaction to Price Level:** - The text on the chart "Waiting for reaction to level-price" suggests that the analyst is waiting for the price to react to the $3720.77 level to decide which direction the price will move. ⏳ 4. **Black Arrows:** - The black arrows on the chart indicate key points where the price has reacted in the past. 📍 In summary, this analysis suggests that if the price can break the $3720.77 resistance level, it will likely move towards the next resistance at $3950.23. However, if it fails to break this level, it might return to the support level at $3410.90. The analyst is waiting for the price reaction at these key points to determine the next direction.
Long
by ahmadarz
4
ETH’s influence on ERC20 products like YFIInfluence on ERC20 Products ETH’s influence on ERC20 products like YFI can be seen in several ways: Liquidity: ETH’s large market capitalization and liquidity provide a foundation for ERC20 tokens like YFI to tap into, enabling efficient and reliable transactions. Smart Contract Interoperability: ETH’s presence ensures that smart contracts, including those for ERC20 tokens like YFI, can interact seamlessly with each other and with the broader Ethereum ecosystem. Developer Adoption: ETH’s widespread adoption and established developer ecosystem encourage the creation and development of new ERC20 tokens, including DeFi protocols like YFI, which in turn benefits from ETH’s infrastructure. In summary, ETH’s influence on ERC20 products like YFI is indirect yet significant, providing a stable and liquid foundation for the Ethereum ecosystem and enabling the development and growth of #DeFi protocols like #Yearn.finance.
Long
by Victor_Ledney
Important section: 3265.0 ~ 0.618 (3543.65)Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- I think that the cause of the large volatility in the investment market is various political, economic, and social causes that affect the investment market. Therefore, I look for various issues or news. However, I think that these causes rarely directly affect the investment market. Therefore, I think it is better to first understand the flow of funds or charts of investment products and then look at various issues or news. Otherwise, you may interpret various issues or news from a subjective point of view and proceed with trading in the wrong direction. I hope that you always keep this in mind and maintain objectivity when conducting trading. ----------------------------------------- (ETHUSD 12M chart) ETHUSD chart is an INDEX chart provided by TradingView. - The first rising wave rose to around 0.886 (1384.76), and the second rising wave rose to around 3.14 (468.08). The wave we should pay attention to is the second wave. Since the third wave is in progress after the second wave, I think it needs to rise above 0.707 (3879.94), which is the downtrend point of the second wave, to eventually create a new rising wave. The 0.707 (3879.94) point corresponds to around 2.618 (3918.46) of the first rising wave, so we can see that it is an important location. - Also, you can see that the 0.5 (3092.49) point of the second rising wave is important because it is near the 2 (3014.40) point of the first rising wave. Therefore, if there is an additional decline, you should check if it is supported near 0.5 (3092.49). - If the price rises above 0.618 (3541.38) of the second rising wave and maintains, I think it is likely to rise to near 1 (4994.56). ------------------------------------------------------ The INDEX chart is a chart that synthesizes charts provided by multiple exchanges, so it cannot be used directly for trading. Therefore, you can use the INDEX chart to analyze the chart. - (ETHUSDT 1M chart) The ETHUSDT chart is a Binance exchange chart. - The 3321.30 point is the HA-High indicator point on the 1M chart. Therefore, it means that a high point section has been formed at the 3321.30 point. Therefore, if it is supported near 3321.30, it means that a new high point, that is, a new upward trend, is likely to be formed. If it falls without support, it will create a downward wave. ------------------------------------------------------------ (ETHUSDT 1W chart) It shows a downward and re-entered pattern in the rising channel. Therefore, the key is whether it can maintain the price by rising above 0.618 (3543.65). If not, it should check whether it is supported near 3265.0-3321.30. - If it falls below 3265.0-3321.30, there is a possibility that it will fall near the HA-Low indicator of the 1W chart, so you should think about a countermeasure for this. Currently, the HA-Low indicator of the 1W chart is formed at the 1340.12 point. As the price falls, there is a high possibility that a new HA-Low indicator will be created, so it is necessary to check where the HA-Low indicator is formed. - What we can do from the current position is to check whether it is supported near 3265.0-3321.30 or near 0.618 (3543.65). If it is supported near these two areas, you can start trading (buying). -------------------------------------------------------------- (ETHUSDT 1D chart) The chart may look complicated, but if you understand the important points or sections I mentioned in the explanation of the 1M, 1W charts above, I think you will have no difficulty in looking at the chart. - The section with the circle drawn is likely to play an important role as support and resistance. So, if you look at it broadly, 1. 3014.05-3321.30 2. 0.707 (3883.16) ~ 4093.92 You can see that the above 1 and 2 are forming large support and resistance sections. If we break this down a bit more, 1. 3014.05 ~ 0.5 (3093.51) 2. 3265.0-3321.30 3. 3503.68 ~ 0.618 (3543.65) 4. 3787.59 5. 3962.19 It can be divided into 1-5 above. - The current position is not a good area to start trading. The reason is that support has not been confirmed yet. Therefore, I think it is better to wait until support is confirmed around 3265.0-3321.30 or around 3503.68 ~ 0.618 (3543.65). - Since the HA-Low indicator on the 1D chart is formed at 3079.59, it is highly likely that the step-down trend will start when it falls below 3079.59 at the current point. Therefore, the support around 3265.0-3321.30 is the key. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the full-scale uptrend will start when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Suspicions of an Ethereum correction.Hello everyone. I suspect that Ethereum might correct to the $2,800-$3,000 range. The drop could be around ±20%. Market makers might want to execute one last shakeout of long traders before initiating alt season and a bullish run. Don't forget about projects like Hamster Kombat, which could bring 100-200 million people to crypto exchanges (rumor has it the token listing has been postponed to August 18, 2024). #eth #ethereum
Short
by UnknownUnicorn285026
The queen will follow the king in a bullish marketGreetings, Dear friends, I hope you are well and have a week full of successful and profitable transactions. I haven't been in the service of the companions on the Trading View platform for a few weeks because I was completing an educational resource. I hope I can make up for my absence from now on, but if I see a valuable market, I will share it with you. The text of my analysis: Yes, Ethereum is the queen of cryptocurrencies due to its more reasonable price. Like Bitcoin, it showed a corrective structure, which is a zigzag pattern. Based on my view, I have named it the fourth wave, and after that, an impulse pattern was expected to take place in the price, which is quite evident. But what is important is what correction pattern will be formed in this process and, more importantly, how much of the Fibonacci correction will be removed! Is it shallow or deep? (Each wave moves or expands in proportion to its previous wave) that we will again see price action with an impulse pattern. In addition, Ethereum will surpass the progress of Bitcoin in its past trend but in proportion to the growth. It should be noted that we should be patient until the completion of any type of corrective pattern and in a lower time frame, we should use channeling in the variety of patterns because usually, a corrective pattern ends in two parallel lines. Note: I am an analyst in the world of principle wave, who has entered the fourth year of my work experience, and I am developing an analytical idea. In financial markets, there is no 100% certainty due to the complexity of different patterns that can change. However, I do my best to back up every analysis I share with you guys with everything I've learned so far. A brief explanation of the three fundamental laws of the wave principle: 1. The second wave should never go beyond the beginning of the first wave. 2. The third wave should never be the shortest wave between waves 1, 3, and 5. 3. The fourth wave must never enter the territory of the first wave. Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future, simply. May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world. I am attaching the analysis of this market that I shared with you earlier to this current analysis. The last word of my analysis text is repetitive, except to explain the current analysis because I also trade in the financial markets and I am active in my social networks, and I work hard to improve my skills in analysis and trading to reach my goal. I apologize for repeating the text. I welcome suggestions and criticisms, and I will respond, but a logical reason is important to me. Thank you for taking the time to review my analysis. First of all, I wish good health and success to all my dear friends and colleagues. Mr. Nobody
BITFINEX:ETHUSDLong
by mehdi47abbasi79
Ethereum ETF Approval Met With Bearish Technical PatternBINANCE:ETHUSDT managed to print a slight gain over the past 24 hours to trade at $3,497.30 at press time. This slight uptick in the ETH price comes after the U.S. Securities and Exchange Commission (SEC) approved the listing of multiple spot Ethereum ETFs (exchange-traded funds). A Bearish Chart Pattern Forms on ETH’s Daily Chart The Ethereum price was rejected by the major resistance level at $3,555 in the last 48 hours, resulting in a retracement to the 9 Exponential Moving Average (EMA) line. If the leading altcoin falls below this technical crutch, ETH might be at risk of falling to the $3,351.15 support, which is also confluent with the 20 EMA line. Traders and investors will want to take note of the bearish rising wedge pattern that has formed on ETH’s daily chart. This specific pattern suggests the Ethereum price might undergo a strong correction. If this pattern is validated, the crypto’s price could fall below the $3,351.15 support and possibly fall to as low as $3,094.39 in the short to medium term. However, the Ethereum price might still bounce off of the $3,351.15 support if the rising wedge pattern plays out. This could be a pull back before the altcoin rallies above $3,555 to potentially rise to $3,677.31. This potential price drop might not even happen if ETH manages to close a daily candle above $3,555 within the next 3 days. In this alternative scenario, the Ethereum price might attempt a challenge at the aforementioned $3,677.31 resistance. Technicals Warn the Ethereum Price Might Pull Back Technical indicators on ETH’s daily chart warn the Ethereum price might drop in the next 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are on the verge of triggering major bearish flags. Although the MACD line is currently positioned bullishly above the MACD Signal line, the narrowing gap between the two indicators warns that the positive cycle might soon come to an end. Meanwhile, the RSI is closing in on its Simple Moving Average (SMA) line on the daily chart, which could signal a bearish shift in strength if the two lines cross in the next 48-72 hours.
Short
by Ecoinimist
1
ETH ETFs to Follow Bitcoin's Footsteps? ETH/USD is expected to experience increased volatility this week, with spot Ethereum ETFs set to go live on Tuesday, according to Bloomberg. The Securities and Exchange Commission (SEC) is poised to finalize updates on the products today. Ethereum ETFs follow the path of eleven trading spot Bitcoin ETFs, which have amassed over $54 billion in assets under management since their January debut. Bitcoin has surged 47% this year. Demand for the ETH ETF funds are projected to be 20% that of the spot Bitcoin ETFs, according to Bloomberg analyst James Seyffart. Meanwhile, the Bitcoin 2024 Conference will commence on July 25, featuring Republican nominee Donald Trump, who is set to discuss a potential US Bitcoin strategy. Speculation is rife that Trump may announce the creation of a U.S. Bitcoin strategic reserve during his highly anticipated appearance. David Bailey, the organizer of the Bitcoin 2024 conference has also hinted that Tesla CEO Elon Musk could make a surprise appearance at the event. Musk recently updated his X profile picture to feature laser eyes, a symbol among bitcoin and crypto enthusiasts as noted by Michael Saylor, founder of bitcoin-buying software company MicroStrategy, alongside a screenshot of Musk's new profile picture.
BLACKBULL:ETHUSD
by BlackBull_Markets
Ethereum Spot ETF TOMORROW! Expect a HUGE Sell-Off!The Ethereum Spot ETF launches tomorrow, July 23, 2024. Over the 12 days following the Bitcoin Spot ETF launch on January 11th, CRYPTOCAP:BTC retraced ~20% If Ethereum follows this pattern, it should fall to ~$2,800 around August 4th. We know that Grayscale holds ~$9.87B CRYPTOCAP:ETH and it plans on charging its customers 10x the management fee vs competitors. I very much expect a big sell-off because of this, possibly greater than 20%
COINBASE:ETHUSDShort
by jonnieking
1