Get started

Ethereum (Cryptocurrency)

Scaling HeightsUptober is finally upon us. But as Bitcoin's price picked up, the real standout price action this month has once again come from Solana. The high-performance chain is the main hub for this cycle's biggest narrative: memecoin trading. Retail traders enjoy the speed, ease-of-use and 'straightforwardness' of Solana's trading experience. The fact that popular memecoin launchpads are on Solana just furthers this virtuous cycle. Recently, Solana's total volume has superseded that of Ethereum and of its Layer 2s combined. No wonder that Solana's year-to-date price performance has blown both ETH and even BTC out of the water. This price movement also highlights another market development: the old paradigms are dead. Bitcoin's rallies were supposed to be followed by Ethereum and then by other Alts. If Ethereum underperformed, Alts were supposed to be absolutely crushed. Yet, the tides have turned entirely. Solana has continuously outperformed Ethereum in this cycle so far. Memecoins have been flying, regardless of Ethereum. Meanwhile, Bitcoin, driven by ETFs and institutional adoption, has continued to move in a 'weight class' of its own. The old paradigm is dead, long live the new one? One of the main challenges for Ethereum in this cycle has been its inability to shape a strong, coherent narrative. While Solana's thesis can be broken down to 'fast casino = gud', Ethereum's complex roadmap, countless Layer 2s and even Layer 3s, and deeply technical conversations have turned away a lot of regular users. Undoubtedly, Ethereum continues to command a lot of developer mindshare. It also comes closest to institutional adoption for smart contract use-cases thanks to its technological maturity. Impressive technical progress is being made towards user-experience improvements such as account and chain abstraction which will make Ethereum easier, faster and better for all users. But if this can already translate into positive price action this cycle remains to be seen. On the wider macro side, markets remain hopeful that a new breakthrough can finally happen to new Bitcoin all-time-highs. The upcoming US elections and continuing wars in Eastern Europe and the Middle East provide for both greed and despair among traders. A more pro-crypto administration post US elections and an end to the wars could ignite a firework. But right now events could turn either direction. For now, the markets are optimistic, yet also at the whim of a coin-flip. Happy trading everyone!
by Coinrule
MongCoin: A Deep Dive Into Market Dynamics and Future PotentialMongCoin ($MONG) has been making waves in the crypto space with its unique position as a community-driven token. Although the coin has experienced recent price fluctuations, it continues to garner attention, thanks to its active trading and potential for growth. We’ll break down the current technical and fundamental aspects of $MONG, shedding light on its market performance and future outlook. Where Can You Buy MongCoin? MongCoin ($MONG) tokens are primarily traded on centralized crypto exchanges, with Bitget being the most active platform. The MONG/USDT trading pair on Bitget has amassed a trading volume of $137,263 in the last 24 hours, highlighting its popularity among traders. Other notable exchanges where $MONG is available include CoinW and MEXC. Current Trading Volume As of today, the daily trading volume for MongCoin stands at $873,728, marking a significant 54.40% decrease compared to the previous day. This drop in trading activity signals a slowdown in market engagement, possibly due to broader market conditions. However, it also offers traders an opportunity to assess the market’s next move as the price activity suggests potential accumulation. Price History: All-Time High and Low MongCoin ($MONG) has seen its ups and downs. The coin’s all-time high (ATH) was recorded on May 6, 2023. Currently, the price is 95.48% lower than this peak, standing at $0.000000071604. Conversely, $MONG hit its all-time low of $0.00000000084908 on October 13, 2023. Since then, it has surged by 229.46%, demonstrating significant recovery and resilience in a short time span. Market Cap and Valuation With a circulating supply of 690 trillion $MONG tokens, the coin’s market capitalization is approximately $11.17 million, placing it at #1404 on CoinGecko’s ranking. This positions $MONG as a small-cap token, but with room for growth, especially as more tokens enter circulation or are removed via burns. The fully diluted valuation (FDV) of MongCoin ($MONG) is identical at $11.17 million, reflecting the total market cap based on the maximum number of tokens in circulation. However, given $MONG’s sizable supply, the token’s future price trajectory will largely depend on community-driven efforts like burns and further adoption. Comparative Performance Over the past week, $MONG has outperformed the broader cryptocurrency market. With a 6.80% price increase, it is outperforming the global crypto market, which saw a -0.50% decline over the same period. That said, $MONG has underperformed when compared to other cryptocurrencies within the Ethereum Ecosystem, which are up 12.70%. This shows there is room for improvement and upside, should momentum build. Technical Outlook From a technical perspective, $MONG’s price action has been relatively bearish in recent days, with a 1.35% decline and trading within a downward trend channel. Indicators like the RSI, MACD, and the trend moving averages (MA) also confirm this bearish sentiment. However, despite the short-term downward pressure, $MONG is trading just above its 200-day MA, which could provide a critical support level. The RSI (Relative Strength Index) shows that $MONG is nearing oversold territory, indicating that a potential bounce could be on the horizon. Meanwhile, the MACD (Moving Average Convergence Divergence) is also hinting at a possible trend reversal if buying pressure increases. One key thing to note is that $MONG remains poised for a bigger run. The token is still in its early stages, with a market cap well below $50 million, suggesting there’s ample room for growth. However, one of the biggest hurdles is the token’s massive supply. With a circulating supply nearing a trillion, inflationary pressure could hinder price appreciation in the long term unless the MongCoin community implements robust burn mechanisms. Developments and Future Prospects MongCoin’s future hinges on several factors. First, the coin’s integration into more centralized and decentralized exchanges will enhance its liquidity and exposure, attracting more investors. Bitget, CoinW, MEXC, and other exchanges have already contributed to its accessibility, but more listings will be key to driving up volume and interest. Second, the community-driven burn mechanisms could drastically impact $MONG’s price. If the team behind MongCoin ($MONG) implements aggressive token burns, it would reduce the circulating supply and potentially lead to a price surge. Lastly, the meme culture behind MongCoin remains a driving force. While meme coins are often highly speculative, they thrive on community engagement and viral moments. As seen with other meme coins like Dogecoin and Shiba Inu, sustained interest and hype can propel a token to unforeseen heights. Conclusion Although $MONG is currently facing a short-term bearish outlook, its underlying fundamentals and market potential present significant upside. With a massive circulating supply, the implementation of a burn mechanism will be crucial to its long-term success. As MongCoin ($MONG) continues to capture the attention of traders and remains actively traded on popular exchanges, it is well-positioned for future growth—especially as market sentiment improves. For investors willing to weather the volatility, $MONG’s combination of meme appeal and strategic developments could make it a worthwhile addition to their portfolios.
by DEXWireNews
The Final Dip? Spotting Opportunities for $ETH's Next Run!Is This the Last Dip Before a Major Upswing? That’s the burning question on everyone’s minds as CRYPTOCAP:ETH seems to be lagging behind its crypto counterparts. However, there's a silver lining on the horizon. CRYPTOCAP:BTC is showing bullish signals, and as we all know, Bitcoin is the heartbeat of the crypto market—its movements often set the tone for everything else. On the fee front, we’re witnessing a welcome trend: costs within the CRYPTOCAP:ETH ecosystem are dropping. This could be the spark that reignites enthusiasm and activity. Yet, technically speaking, CRYPTOCAP:ETH must break above the $2800 mark to leave the uncertainty zone behind. For now, we’re making a calculated bet that CRYPTOCAP:ETH will carve out a higher low on the daily chart. The goal? To decisively breach that $2800 level and flip the narrative to a fully bullish stance on the CRYPTOCAP:ETH ecosystem. In my view, $2400 should act as the low for this retracement. If it dips further, I’ll consider cutting my losses. I’ll keep a close eye on the price action, ready to manage my position manually once we start trading in my buying zone of $2500-$2400. Let’s see where this journey takes us!
BINANCE:ETHUSDLong
by ZelfTrade
6
ETH BROADER TECHNICAL ANALYSIS AND TRADE PLANPrice Movement The chart shows that Ethereum (ETH) has been moving within a descending trading channel after an earlier uptrend. The channel is well-defined by a series of lower highs and lower lows. The descending channel extends from around early 2024 and continues through the current period. The price seems to be consolidating after bouncing from the lower boundary of the channel. Current Price Action Ethereum is currently trading at $2,582.26, down by 1.50% at the time the chart was captured. The recent movement shows a potential double bottom near the lower channel support, signaling a possible end of the downtrend. The price is at a critical juncture, as it appears to be breaking out of the short-term resistance within the channel, hinting at a possible reversal or continued sideways movement. Descending Channel Structure The chart highlights a descending trading channel where price has respected the upper resistance and lower support levels multiple times, indicating the reliability of this structure. The channel also shows that while Ethereum is in a corrective phase, it still holds the potential for a significant bullish breakout if the current trend continues. Technical Indicators: Waveform Cipher shows a potential bullish divergence at recent price lows, which indicates momentum for a potential upward move. ASL (Advanced Stochastic Line) and HMA Histogram show mixed signals, but the overall sentiment from these indicators points toward a bullish setup in the coming days. Stochastic RSI suggests that Ethereum is currently in an oversold condition, increasing the likelihood of a rebound. The technical setup with momentum indicators and divergences indicates a potential for a price breakout upward, possibly leading toward the top of the channel. Price Targets: Immediate Resistance: The next resistance level is located around $2,750 - $3,000, near the mid-point of the channel. Upper Channel Boundary: The top of the channel is situated near $4,000, a key psychological and technical resistance level. If ETH breaks above this channel, the next major target would be $4,250 - $4,500, indicating a full recovery of the downtrend and a continuation of the broader uptrend. Key Support Levels: $2,400 is acting as immediate support, which aligns with the lower boundary of the descending channel. If Ethereum breaks below this level, the next major support lies near $2,200 - $2,000, which is a strong historical support zone. Trading Plan for Ethereum (ETH) Current Market Position: Given the technical analysis, Ethereum appears to be at a critical level within the descending trading channel, with the potential for a bullish breakout. The recent consolidation near the support line suggests an opportunity for a medium-term bullish trade. Entry Strategy: Buy Zone: Enter a long position between $2,550 - $2,600, once confirmation of a bullish reversal or breakout is evident (preferably on increased volume or further confirmation from momentum indicators like RSI/Stoch). Risk Management: Place a stop-loss at $2,400, which is slightly below the channel support and key psychological level. This mitigates downside risk in case of a bearish breakdown. Take Profit Targets: First Target: $2,750 - $3,000 – This is the mid-point resistance of the channel. Partial profits should be taken here, securing gains while allowing the remaining position to run. Second Target: $3,500 - $3,750 – Full break of the channel with increased momentum can take ETH to this level. This is a key level to exit most of the position or lock in more profits. Stretch Target: $4,000 - $4,200 – Ultimate price target based on the potential bullish reversal. If price approaches this level, full profit-taking is advisable as it would hit the channel’s upper boundary and a significant resistance area. Alternative Plan (If Breakdown Occurs): Short Position: If Ethereum breaks below $2,400, consider shorting ETH with a target toward $2,200 - $2,000 as a corrective phase could push ETH lower. In this case, place a stop-loss at $2,500, just above the breakdown level. Position Sizing: Risk only a small portion of your capital (e.g., 1-2%) based on the calculated stop-loss level to ensure risk management and preserve capital in case of invalidation. Ethereum is at a pivotal point within a descending trading channel. Current indicators suggest the possibility of a bullish breakout, but risks remain due to the general downtrend. The trading plan focuses on a conservative entry with clear stop-losses and take-profit levels to manage risk.
CRYPTO:ETHUSDLong
by elfabiiani
BTC H4 pullback in progress // accumulate dips near 62 000 usd🔸Hello traders, today let's review 4 hour price chart for BTCUSD . We've triggered overhead supply zone currently pullback in progress. Having said that expecting limited downside before we get a reversal. 🔸Heavy stack of bullish s/r zones located at 62 000 / 63 000 / 64 400 usd. bulls will defend those levels so downside beyond this zone is very limited. fresh overhead supply at 71/73 000 usd so bulls will target this area once we get a reversal after the current pullback. 🔸Recommended strategy bulls: wait for pullback to complete near 62 000 / 63 000 usd. BUY low close to 63 000 usd, stops fixed at 60 000 USD, TP1 bulls is 70 000 USD TP2 bulls is 72 000 USD, 18% upside in this trade setup without leverage. break below 60 000 usd invalidates bullish outlook. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BINANCE:BTCUSDLong
by ProjectSyndicate
26
ETH - What's next ?#ETH/USDT #Analysis Description --------------------------------------------------------------- + ETH has been trading within a range for over 2 months now. + The highest price reached was around $2800, and the lowest was in the $2100 range. + Currently, the price is in a downtrend, heading towards the support zone around the $2200 level. + We can expect an immediate reversal from the $2200 range. + This seems to be the final downtrend for ETH, and once it bounces from the support, we can anticipate it reaching the resistance zone and potentially breaking out with ease. + Let's see how this scenario unfolds. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
2
🚨 CRYPTO REVOLUTION: 0.5 BITCOIN FOR KEFIR 💊 PART 3📣 Hello everyone! I believe that we are witnessing a global uptrend in the ETH/VTC trading pair and the value of Ether in relation to Bitcoin should grow over time. In May 2017, the first wave of the cycle ended, then in September 2019, the correction in the wave of the II cycle ended, after which the long-term impulse wave of the III cycle started. In the wave of the III cycle, an impulse wave has already passed at the primary level, and at the moment the market is busy forming a wave of correction of the primary level. I expect the correction to end at 0.037 minimum in July 2024, maximum in September 2025. After the correction is completed, according to the logic I have built, a long-term uptrend should begin, the minimum goal of which will be 0.55 Ether per Bitcoin coin. ⚠️ Think for yourself, decide for yourself - good luck in making independent trading decisions and profit ✊ Goodbye!
Long
by AnonymousTraderAcademy
2
ETH: Fractal Pattern Forming—Steady with Possible DownsideIt appears that a potential fractal pattern is forming for ETH. When comparing the two highlighted boxes, the ups and downs in both are similar, though the second box is on a smaller scale. If this fractal plays out, we may see some steady ups and downs for ETH, with no major moves expected in the next few weeks. However, with BTC on a downward trend over the coming days, it could pull the market down with it, leading to some further downside for ETH initially. It’s crucial that the lower support line holds—if it breaks, the market dynamics could shift significantly.
COINBASE:ETHUSD
by cryptechcapital
Potential bullish bounce?Ethereum (ETH/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance. Pivot: 2,593.65 1st Support: 2,523.16 1st Resistance: 2,685.21 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:ETHUSDLong
by ICmarkets
2
ETHUSD Possible bounce to the Up Side from the support crossingThe market has formed a double bottom and has successfully broken and closed above this pattern, as well as above the previous resistance level at 2650, which had been respected before. This indicates that the market is creating higher lows, signaling increased buying pressure. If the price bounces off the support zone below and forms rejection candles, it would suggest strong buying interest and further confirm the potential for an upward trend. The target is the resistance zone around 2750
COINBASE:ETHUSDLong
by RTED_Investing
1