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ETH Ethereum ETFs Set to Launch. Short Term Price TargetIf you haven`t sold the top on ETH: Then you need to know that the Chicago Board Options Exchange (CBOE) has announced that five spot Ethereum exchange-traded funds (ETFs) are slated to begin trading on July 23, pending regulatory approval. However, the launch of these Ethereum ETFs could lead to a price decline similar to what was observed with Bitcoin. After the launch of the spot Bitcoin ETFs in January 2024, Bitcoin experienced a notable drop in its price. Initially, Bitcoin was trading above $48,000 but then plummeted to as low as $38,700 on January 23, 2024. This represents a nearly 20% decline from its high​​. The initial drop of 5% was observed shortly after the ETFs went live, attributed to profit-taking behavior and market dynamics​. For Ethereum, a similar scenario could unfold. The influx of capital and the heightened attention could initially drive up prices. However, once the ETFs start trading, profit-taking behavior might set in, potentially causing Ethereum's price to fall by 5% to 20%. Investors should be prepared for potential volatility surrounding the launch date. My Price Target is $2800.
Short
by TopgOptions
1
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!
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COINBASE:ETHUSD
by TradingView
12
Bitcoin Surges after Donald Trump Assassination AttemptMarket Update - July 19, 2024 Bitcoin Rallied Amid Renewed Volatility Linked to Trump's Election Prospects Mt. Gox Moves SEED_TVCODER77_ETHBTCDATA:9B in Bitcoin Ahead of Creditor Repayments Investors Hedge Positions as US Spot ETH ETFs Near Launch Coinbase Shifts Strategy for Gary Gensler Subpoena Hong Kong to Release Stablecoin Consultation Results Bitcoin Rallied Amid Renewed Volatility Linked to Trump's Election Prospects Following an attempt on the life of Donald Trump on Saturday, crypto assets linked to the US Republican candidate’s chances of winning the November 4 election experienced increased volatility. Bitcoin surged by around 7% as the candidate's probability of winning rose to 70% on popular prediction market Polymarket. After the event, Bitcoin broke above the crucial 200-day simple moving average (SMA), indicating a positive long-term trend. Additionally, Trump-themed Polifi tokens also surged on news of the attack. Recently, Trump has embraced crypto and been pictured with various high-profile figures, seeking a comparatively friendlier regulatory environment than the one President Biden has overseen. Consequently, some have viewed Bitcoin and the broader crypto market as bets on Trump's victory. Trump’s selection of JD Vance as his vice presidential candidate was also seen as a positive choice for crypto. A former venture capitalist, the Ohio Republican has been supportive of the crypto industry and criticized the SEC for what he perceives to be regulatory overreach. Last year, Vance, along with other Republican lawmakers, sent a letter to SEC Chair Gary Gensler expressing concerns about its lawsuit against crypto company DEBT Box. Vance is also believed to personally hold more than $100k worth of bitcoin. ⛏️ Topic of the Week: How to Mine Crypto ➡️ Read more here
GEMINI:BTCUSD
by Gemini
2
TIAUSD: Strong Support at $4.9 - Potential Rally Ahead!Celestia's TIAUSD token exhibits promising utility within its ecosystem, primarily serving network security through staking, participating in governance decisions, and incentivizing data availability and validation. Moreover, TIA facilitates transaction fees and rewards, ensuring participant compensation for their contributions. Support and Resistance Zones: Currently, TIAUSD holds strong support at $4.9. If this level holds, we could see substantial gains. Should this support break, the next critical support lies near $3.6, a key level from which a bounce is highly probable, given the upcoming significant events and the anticipated approval of Ethereum ETFs. Market Outlook: The approval of Ethereum ETFs is likely to spark a rally in altcoins, including TIAUSD, a relatively new project listed in late 2023. Historically, new projects introduced shortly before a bull market often experience significant rallies. We anticipate notable volatility in Q4 2024 and Q1 2025, presenting an excellent opportunity for TIAUSD to surge. Price Targets: Based on our calculations, the minimum target for TIAUSD during the bull run is $146. If this resistance is flipped by January 2025, we could see a maximum target of $186. Bull markets typically exhibit unexpected price pumps, and we expect similar volatility for TIAUSD. However, monitoring support and resistance zones is crucial to maintain an active trade strategy. Exit Strategy: Traders should aim to exit long positions between March and August 11, 2025, as the bull run and altcoin season are expected to end during this period. Follow us on TradingView for more in-depth analysis and timely updates on TIAUSD and other cryptocurrencies. Share this idea with your friends and family to maximize profits. Comment below and let us know if you found this analysis helpful. Thank you!
COINBASE:TIAUSDLong
by Houseofcryptokings
5
Buy the Rumor, Sell the News?? - Ethereum ETF ThoughtsWhy isn't ETH pumping right now? Here are some possible reasons: No capital inflow: The ETFs haven't started yet, so there's no fresh capital inflow. Early buyers: Since the SEC decision earlier this week, many have already bought what they wanted. Regulatory hurdles: Only the 19b-4 filings were approved today, not the S-1 forms. In contrast, the Bitcoin ETF approval had the S-1 forms ready, allowing for a quick trading start. Delegated authority: The approval by "delegated authority" could still be challenged within the next 10 days. A comparison with the BTC ETF launch: Price increase Q3 last year: Much of it due to speculation that a spot BTC ETF was imminent. Market volatility from Cointelegraph post: Notorious events like the Cointelegraph posts on October 15 caused significant market volatility. Serious discussions in January: Suddenly, it became likely that the ETF would be approved that month. BTC ETF approval: The SEC approved the BTC ETF on Wednesday, January 10. Immediate +5% pump: An immediate +5% pump, followed by a significant selloff that lasted almost 2 weeks and severely impacted the market. Recovery and new ATH: BTC recovered around 39k and almost doubled to a new all-time high. Possibility for Ethereum: Buy the Rumor: Massive price increases in anticipation of the event. Sell the News: Market downturn as the event is already priced in. Delayed Fuse: Long-term bullishness is processed by the market over a longer period. Summary and Conclusion: While the exact behavior of the market is not 100% sure, historical patterns show that such events often follow predictable cycles. The "Buy the Rumor" phase leads to significant price increases, followed by a "Sell the News" reaction once the event occurs. Long-term, a "Delayed Fuse" phase may occur, where the market processes the long-term positive impacts of the event. The Ethereum ETF could play a crucial role in establishing Ethereum as a significant asset in the long term. With increasing acceptance and institutional interest, we could see sustainable price increases and broader adoption of Ethereum-based applications. The potential for DeFi (Decentralized Finance) and smart contracts could be further promoted by the ETF.
COINBASE:ETHUSD
by stromm_by_wmc
1
Eth offering up an Elliott Wave soft ball here?If you find this information inspiring/helpful, please consider a boost and follow! Ethereum appears to be printing a beautiful impulse here. An impulse is a fantastic anchor in Elliott Waves. There are many ways it can develop that could telegraph a potential for continuation, or a reversal. I want to see a completed impulse down here at a lessor degree, followed by a retrace to an area of confluence, about 50% back internally to the smaller degree impulse, before looking for a continuation down. Since, per Elliott wave, price is fractal it could snow ball into a larger move to the down side. 3356 would be the invalidation for a the short. If that is broken I would wait for further upside to complete, and look for the same clues higher up. If it completes down and the impulsive move up is complete here, PA does not move up past 3356, I would be looking for a reaction, in the form of an impulsive move up. If this occurs I would scout for an internal retracement of the reactionary impulse to confluence before looking for a long.
INDEX:ETHUSDLong
by CryptoKnee
Market Update - January 26, 2024 Bitcoin hangs above $40k as ETF-led rally fizzles: After peaking at FWB:49K immediately after the launch of the ETFs, the price of bitcoin (BTC) has since dropped over 20% in the two weeks following, reaching a low of ~$38.5k on Tuesday. BTC is now trading back at the levels seen at the start of December, retracing the rally experienced in the build up to the anticipated launch of the ETFs. Ether dips against bitcoin as SEC delays ether ETF decision: Ether (ETH)’s rally higher against BTC lost steam this week after failing to break through the 0.06 level in the ETHBTC pair. The US Securities and Exchange Commission (SEC) also postponed its decision on BlackRock’s spot ether ETF until March, and last week it delayed Fidelity's spot ether ETF application. These delays were widely expected. Altcoins dip throughout the week, but pick up by Friday: Altcoins faced a difficult start to the week as bitcoin broke down and dipped below $40k briefly, but many retraced losses by Friday. Solana (SOL) was up ~5% over the past seven days after being down throughout the week, Avalanche (AVAX) was up 2%, Injective (INJ) was down just over 2%, and XRP down over 1%. There were some bright spots among altcoins, however, with Chiliz (CHZ) up ~30% on the week, Maker (MKR) up over 8%, and 0x (ZRX) up just under 25% over the same time period. US markets rally as tech stocks await earnings next week: The S&P 500 hit another record high on Wednesday, bolstered in part by stronger than expected Gross Domestic Product (GDP) growth numbers released this week. GDP data showed 3.3% growth in the US economy for the fourth quarter of 2023, well above the 2% expected by Dow Jones-polled economists. Tech companies showed continued strength too, with Microsoft’s market capitalization hitting a new all time high above $3 trillion for the first time, and Netflix, Alphabet, and Meta also posting gains as market participants eagerly await earnings slated for next week. 🧑‍🤝‍🧑Topic of the Week: Double Spending Problem 👉 Read more here
GEMINI:BTCUSD
by Gemini
Head & Shoulders Success and Failure TargetsGrayscale Ethereum Trust ETF appears to be forming a giant head/shoulders. If it continues in that direction, this would make it bullish in the near-term, up to around 20-21. After hitting 20-21, pay attention to whether it succeeds or fails in confirming the pattern and the succeeding in staying below neckline lows or failing and moving back above the right shoulder. Targets shown on the chart for either scenario. Look for a potential move up to 20-21 first.
E
by dudebruhwhoa
Bitcoin Futures! The Fake Bitcoin! Who's "wallet"??? LOL! WOWWell, back to Bitcoin and Ethereum as trading pairs for this trader. Gulp, cough cough. These are big freaking whales and waves, I tell ya. WOWie!!! Lots of biting by big sharks (so big, sharkies are called "Whales" LOL! Oh boy this little dogFISH feels tiny after the last few days of surfing. WOW what a way to end a winning streak! Now I have to wash my swim suit and let dry! LOL That was a big SHIBsters LOL Hide to Bitcoin and Ethereum, the King and Queen of crypto, You need both! The queen is useless without the king in the current cryptophere, so you need the powerful Queen ETC and hide the King BTC in cold storage OFF NET ASAP to prepare for the tsunami coming... I don't when but these waves both on the market and in crypto are tell tales! The shitcoin mega waves is the canary in the coalmine. You do not want to be too close to the surf because the tide will go back to sub $60K levels on Bitcoin possibly. Take take ALL the shells you can now, and head to higher ground ASAP. I can't tell you the timing, I'm always wrong there because time is relative and the force controls that. I'll likely be surfing these things but you won't see me at the crest of these things and if I am, let me know! LOL I like to be a TOP DOG, but on $HITocean, I'll be top dOG if the Princesses of Whales allow me to be! LOL I won't ask, I'll try to be quiet and listen to the whale quietly LOL The charts says everything but MissChart does not always know. It not her, it's her reporting what they white and black whales are up to. If you are a seasoned whale watcher, you will adjust your tools to fine tune the detection and the timing of the whales, If you are a beach partiipant trying to jump on assive waves, good luck. Watch from a distance at first! So, avoid shitcoins and $HITcoins, buy the real ETH and real BTC and move away unless you are a Pro or have the stamina and devotion to learn. After decades of trading, I'm retooling 100% for crypto as equities over time with the dollar. Tesla and Apple will issue "crporate coins" to allow investors to directly trade their coins with backed coins. Tesla and Apple coins will be a hit, GM, FORD and Chrysler? Well only government will buy those, which means these are tax payer buying the coins via the back door to feel THE biggest Shark: Crookstreet. So this DOG and, his little jet fighter, and small team will only ride the wave with me KEEPING my mouth SHUT. A wipe out with mouth open is nasty. On nasty waves, you need to abort. If you don't your assets will die as the waves crashes leaving you in pieces with a broken dream to get rick quick. Money is interesting, the easier it comes in, the easier it flows out. I've learned to respect it and not let it lead my actions. I am not longer a slave to money because I can simply reduce what I need. Simplicity is good. Truth is good, Honesty is good. I just want good. Shitcoins will teach you the respect and danger of money and gambling. If you dare enter this shitcoin ocean, don't follow any pro surfers. You can''t react. You might now the important difference between a market order and limit. When to use them, on what type of waves etc. Waves, and spectators, might lead you to the rocks. Pick your ponies and ditch shit. A shitty horse will never be a winner. Good horses are good from the start and continue to dominate in the space. Look at Tesla and Apple. Kings/Queens of their space. Both are years ahead of competition and the rest of the pack will never catch up. New entrants might but who can catch up with Tesla internationally? The legacy and outdated car companies plan to start when Tesla will be cranking millions of cars per month across a network of distributed mega factories. For cryptophere, the two winners today, are Bitcoin BTC and Ethereum ETH. Rest coins are toxic. Not trustable. Big whales control them. I have seen it first have and it's impressive! WOW! WOW! WOW! Ouchies LOL The SHIBster bites but he was a good runner so I stilll love the little beast out of respect, not love. I'm not sure if he represent the devil or the heavens. So that little biter is 100% trade only because I have zero trust until it proves it's a friendly white whale and not a deadly dark MEGA shark. The charts will tell me, not the other way around! LOL Don't hope, don't expect, don't think you know the colour or intention of the Princes of Whales. Only THEY know. For me, it's not about money. It's about surfing these megawhale wages to the best of my ability learning every single day to be humble. Best way to learn to surf when you think you're a good surfer is to jump on board on the North facing side of Hawaii in the winter season. WOW WOW WOW Novices, watch from a distance! LOL If you're a newbie on the beach and say "hey, that looks easy and fun, let me try", well go out to the "surf" but make sure you carry just a small amount of coins in your pockets because , 99% chance, they aren't coming back. And if you carry too much both YOU and your coins will hit got under and sink to the bottom. It's possible but it's as easy as it looks but it will continue to attract the "fear of missing out" FOMO masses to feed the mega sharks, ughhh, black whales. I've been trading part time since it was legal and I'm becoming a professional surfer. It's work but it's a trill if you nail those waves! I'll surf the cleaner ocean with ETH and BTC and, once I shower and brush my teeth, retune, will head back to $HITocean to make more money because it's scary but very lucrative. Nasty when you wipe out in shit with your mouth wide open. Cough, cough Lesson learned, surf shit with your month closed. OMG that's going to be hard. Please gods and Prince of ocean, SAND and beaches, have pitty on this little itty bitty surfer! LOL WOOF WOOF WOW WOW WOW ouchies D0G$ LOL !!! I love your roBOTs LOL Cute little remote control for MEGA $hitsters!!!! LMDAO!!! WOOF WOOF LOL WOW! I have experience and scars. So I'm fine losing money on a bad call but it has to be calculated and that means taking emotions out and trading like a robot, if you can't afford to buy one with diamonds made by crushing SAND! LOL ;-) If you're trading without automatic stop loses or are 100% dedicated to the screen, you will lose to pros who are setup properly. They have massive robots and they will borrow coins from HODLers, give them high interest rates, and SHORT the $hit out of crap at the perfectly right time. Don't pretend to be a whale if you are a tiny fish. Quietly watches the whales, you might not be able to tell if they are white or black, but the waves are the same for both. Black whales will show themselves to watchers. Trust me on this.. I've ridden enough mega $HIT waves that some of these Princess of Whales are AMAZINGLY powerful in changing the direction of big waves! LOL WOW WOW WOW! Now what about Bitcoin Futures? That's another shit ocean but that's by banksters instead of gangsters LOL All a joke of course, I'm a dog with four paws telling DOG stories! LOL WOOF Seriously, do not enter shit oceans without undertstanding " The Big Short" the movie. Watch it 5 times. Movie should be called "Banksters vs banksters: Average people get killed and nobody understand why?" This upcoming event, if The Sequel: Revenge of the "temporary" debasement of the dollar." And I really hope humanity has learned from 2008/2009 and leverages GOOD over EVIL. This flying rock of ours that we're physically attached to in a "temporary" manner isn't the end. It's the test - can we coexist with each other and all living things? Not with Banksters and Gansters tools of massive financial destruction. We need the banksters to show the gangster that derivative products are not heahtly for the average investor, these are scalping tools. How to you avoid banksters and gangsters, easy, head the other way! Cold storage Bitcoin and Ethereum and practice moving the stuff around because people underestimate the difficulty and get trapped or lose coins on failed transfers. Yeah, it's beta but it's amazing, the residual finishing stuff will happen with the Apples and Tesla of the world being the "retail" (aka average person banksters' speak) would call it, these derivatives and shadows shit is "catshit wrapped in dogshit". So if you want to buy shit with a fake Bitcoin logo on it, go right ahead but it's counterfeit Bitcoin. To HAVE Bitcoin, you need either a paired public and private key (aka cold wallet) and a backup phrase to securely backup your cold wallet. If you trade BTC, you don't own the Bitcoin, your trading platform generally do. DEX (distributes exchanges) could change that but we'll see two cryptopheres that shadow the Internet itself. A normal internet and cryptophere where people do law abiding things and the "dark web" "dark cryptoshere" owned by different groups that one might or might not want to be associated with. Depends on where you think you'll be treated best from a lifestyle and tax perspective. If you are in a Western Country, you can expect to pay taxes so if you think you can move money to a safe crypto exchange with questionable coins and "neighbours" go ahead. I tell everyone, research who your are entrusting your crypto with. Most regular people who understand fiduciary duties will entrust their cryptos to well known banks or reputable organisations like Apple and Bitcoin. So do I expect to pay for a Cybertruck using ETH2 when the truck is ready to ship, yes. Absolutely, ETH2 and BTC Lightning will be supported by Tesla. Elon has already said it but mainstream and yourtube-click-bait-yours are too dumb to understand the guy's hints. I'm going 100% chart and I just have to retune everything for massive surfs. I will go out again in $HITcoin ocean looking for the $HIT and trying to avoid the SHIT. Wipe out in shit and gulf, best keep your mouth SHUT! LOL Gulp Shit = More to Ethereum and Bitcoin to watch the tsunami from a distance, Its coming! When you feel rich, take half off the table! There will be other waves you can ride, if you have a surfboard left! LOL Please comment and like if you enough zoo stories ! I to be an animal and DOG (of dOG) because whales & sharkies are the real DOGs but I prefer to be a fluffy bunny that quietly looks for carrot fields protected well away from sharkies and wolves. Contact me here before or via private chat here @JustCharts and let's focus on Just Charts! LOL Gulp LOL PS LONG Bitcoin. Not Futures or unbacked fake ETF. Backed by the real thing in trusted custody with the ability to veriify because we no longer trust. At least, I don't, I educated myself and looked at the latest data available to make my first conclusion that I trust neither banksters or gansters black whales. I will watch them from a far distance on on friendly, quiet beach. Peace Paw @JustCharts just a little surfing dOG with deep respect for all the MEGA White Whales and Dark Sharks A little dirty but washing up nicely! LOL WOOF WOW
BINANCE:BTCUSD.PLong
by UnknownUnicorn2413721
2