Ethereum’s Dip: A Golden Buying Opportunity?Ethereum has been a disappointment for traders.
Many were expecting a new all-time high, but so far, Ethereum has failed to deliver.
However, for speculators like me, this type of market movement presents an ideal trading opportunity.
Recently, ETH reached a key confluence support zone around the psychologically significant $2,000 level, reinforced by multiple technical factors. This setup suggests a strong potential for a reversal.
What’s Next?
✅ The $2,000 support zone remains critical, and I expect it to hold, leading to an upside move.
✅ While not aiming for extreme highs, I’m looking to buy dips near $2,200 with a target around $2,800.
Ethereumforecast
ETH | ByBit HACK causes MASSIVE SELL-OFFBybit got hit with a serious security breach.
$1.4 billion was hacked in Ethereum, which is a huge amount of ETH. 2 Apparently the trouble started with their cold wallet, where they keep a lot of their crypto offline. The investigation points to the North Korean Lazarus Group as the likely culprits, and it seems the attack originated from some malicious code within their wallet provider, Safe Wallet.
Currently there's a big push to track down the stolen funds, and Bybit's even offering a bounty, but it's unlikely the funds will be recovered. It's important to understand that this wasn't necessarily a fault of Bybit's own security, but rather a problem with the wallet provider they were using.
Bybit has reassured users that withdrawals remain unaffected and other cold wallets are secure. While investigations into the incident continue, early speculation about Bybit buying back ETH to cover losses, which briefly boosted ETH's price, was dispelled by CEO Ben Zhou. He clarified that a bridge loan covered 80% of the stolen ETH, and there are no plans for spot market purchases. The hackers now holds a substantial amount of ETH across multiple wallets, raising concerns about potential drops should they decide to sell, but this may occur gradually over many months or even years (since they didn't buy it / it will not matter at what price it is sold).
This hack coincides with ETHDenver, a major Ethereum event typically associated with bullish market conditions and optimism. But overall, the outlook for Ethereum isn't looking as bright as it usually would be and this may lead to a further sell-off once more people catch on.
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BINANCE:ETHUSDT
Ethereum — 2025. The Lord Giveth and Taketh Away (Caution! 18+)Donald Trump's recent policies and statements have generated significant negative sentiment towards Ethereum and the broader cryptocurrency market. As he resumes the presidency, his administration's approach to cryptocurrencies is expected to be more regulatory and cautious, which could impact Ethereum investors.
Historical Context of Trump's Views on Cryptocurrency
Trump has a mixed history with cryptocurrencies, as we mentioned in earlier published ideas. Initially, he labeled them a "scam", "based on thin air" as well as "threat to the U.S. dollar" and expressed skepticism about their value, stating that they are not real money and are highly volatile. However, in recent months, he has shifted his stance somewhat, reportedly owning between $1 million and $5 million in Ethereum as of August 2024. Despite this personal investment, his public comments continue to reflect a critical view of the crypto market.
Impact of Recent Tariffs on Ethereum
The most immediate cause of concern for Ethereum investors has been Trump's announcement of new tariffs on imports from Canada, Mexico, and China. This decision triggered a significant sell-off in the cryptocurrency market, with Ethereum experiencing a drastic price drop of over 26% in just one day. The overall cryptocurrency market lost nearly half a trillion dollars in value following these announcements, highlighting the interconnectedness of global trade policies and digital asset valuations.
The tariffs have led to increased uncertainty among investors, prompting many to liquidate their positions in riskier assets like Ethereum. This reaction is indicative of a broader trend where geopolitical tensions and economic policies directly influence cryptocurrency prices. Analysts noted that such trade policies could lead to inflationary pressures and a stronger dollar, making cryptocurrencies less attractive to international buyers.
Future Outlook for Ethereum Under Trump's Administration
Looking ahead, Trump's administration is likely to focus on stricter regulations for cryptocurrencies. This could manifest in enhanced oversight that may slow down the adoption of Ethereum by businesses and individuals. However, there is also potential for increased legitimacy if clear regulations are established.
Moreover, Trump's interest in Central Bank Digital Currencies (CBDCs) might further complicate the landscape for Ethereum. As the U.S. explores its digital dollar initiative, Ethereum's decentralized finance (DeFi) ecosystem could face stiff competition from state-backed digital currencies.
Technical challenge
The main technical graph for Ethereum BITSTAMP:ETHUSD indicates on Bearish trend in development, since mid-December 2024, with acceleration occurred a day before Mr. Trump entered the White House.
Key support considered as 100-week SMA (near $2550 in this time) and $2200 flat multi bottom, that helps so far; otherwise (in case of breakthrough) we believe it could lead the Ethereum price much lower, as it described on the chart.
Conclusion
In summary, while Trump’s personal investment in Ethereum marks a notable shift from his previous criticisms, his administration's policies—especially regarding tariffs—have created a challenging environment for Ethereum investors. The combination of regulatory uncertainty and macroeconomic factors will likely continue to influence Ethereum's market performance in the near future.
Ethereum Analysis Ethereum Analysis
Ethereum is currently exhibiting a pattern similar to the one observed in Shiba Inu, with a clear downtrend that has led to the breakdown of a key support level. As of now, it seems to be retesting this broken support, though confirmation will only be possible once the current candle closes.
In my opinion, patience is critical in this scenario, and it would be wise to wait for the candle to close before considering any short positions. The broader trend still appears to be bearish, suggesting that Ethereum may not have exhausted its downward momentum just yet. However, market dynamics can shift rapidly, and it is important to remain vigilant and adapt to new information as it unfolds.
I would appreciate your thoughts on Ethereum's current price action and whether you agree with the assessment of a potential continuation of the downtrend. As always, thorough analysis, risk management, and due diligence are essential before making any trading decisions.
Cheers!
Public trade #22 - #ETH price analysis ( Ethereum )💰 In continuation of our global idea for #Ethereum
03/02/25 for the first time liquidations on CRYPTOCAP:ETH exceeded liquidations on CRYPTOCAP:BTC
There are already a lot of “investigations” from Twitterers and not only how manipulative the market drain was on “red-black” Monday, but these are the realities of an unregulated market and “crazy” participants at all levels and ranks!)
They achieved their goal of wresting assets, including CRYPTOCAP:ETH , from weak hands and accumulating them in strong hands for future achievements.
In particular, the Trump family foundation owns $400m+ of #ETH, half of which was bought back at the recent notorious drop.
Well, we need to be in the trend and also bribe #ETH into our investment portfolio and crypto trading
🟢 Desirable OKX:ETHUSDT purchase zone - $2441-$2551
1️⃣ TP1 - $3800-3900
2️⃣ TP2 - $5900-6000
⌛️ And then: we'll see...
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Ethereum in the Golden Zone: Bounce or Breakdown?Ethereum (ETH/USDT) Weekly Analysis:
Trendline Support:
The price has repeatedly found strong support along the upward-sloping trendline, maintaining a bullish market structure.
Key Zones:
Support Zone: The critical support lies between $2,200 and $2,400, aligning with the golden Fibonacci retracement zone (0.618 - 0.786), making it a significant area for potential accumulation.
Resistance Zone : The major resistance lies between $3,900 and $4,100, where the price has previously faced selling pressure.
Outlook:
Bullish Scenario: A bounce from the support zone and trendline could lead to a retest of the resistance at $3,900–$4,100.
Bearish Scenario: A break below the trendline and $2,200 could signal a deeper correction.
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Ethereum's Downtrend: Flag and Pole Pattern Set for Breakout...Ethereum is currently on a downtrend from the 4100 resistance level, forming a flag and pole pattern. The next strong support level is at 2800, where we could see a positive move arise from either a breakout of the trendline, support at the 2800 level, or both co-occurring. It's important to patiently wait for a signal before making any decisions.
ETHEREUM Massive Move Ahead!!!Currently #ETHEREUM Is facing a resistance of It's triangle and FVG.
If #eth successful breakout above triangle and FVG and holds above it, We can see #ETH making bull move towards over 5k.
According to micro elliott wave count and triangle targets, micro count III and triangle both targets above 5k.
Ethereum (ETH) - ATH Break-Out - Bullish CycleMARKETSCOM:ETHEREUM gave me a whooping 170% #Profit on the #Bullish Swing.
I went #Long on BITSTAMP:ETHUSD from the 1.6K Mark, on the #Break-Out.
I cashed it all in on the 3.5-4K Range.
* see related idea for details.
Unlike MARKETSCOM:BITCOIN , CRYPTOCAP:ETH did not deliver a new #ATH.
In fact, it all leads to the fact that it's waiting for something.
With the $BitcoinDominance ( CRYPTOCAP:BTC.D ) showing signs of an up-coming #Correction, I believe this will pave the way for #Altcoins to shine, thus the #Altseason to start.
Crypto Market Cap ( CRYPTOCAP:TOTAL2 & CRYPTOCAP:TOTAL3 ) are about to burst on the #Bullish side.
BINANCE:ETHUSDT will play a major role in this.
* see related ideas for details.
What's the Play for MARKETSCOM:ETHEREUM ?
I see a strong #ETH #Bull in Cycle Wave C (turquoise).
This can easily reach 5K, but can also tag the 7K Mark.
BITSTAMP:ETHUSD #TechnicalAnalysis
- #ElliottWave Cycle Wave C (turquoise)
- Inverted #HeadandShoulders
- #RunningFlat
My CRYPTOCAP:ETH #BUY Levels
- Entry @ 3.1K
- SL @ 2K
- TP @ 5K
$ETH Poised for a 5% Surge Amid Massive Investment by WLFIEthereum ( CRYPTOCAP:ETH ) has been in the spotlight following a significant purchase by Donald Trump’s decentralized finance (DeFi) project, World Liberty Financial (WLFI). This strategic move has sparked optimism among traders and analysts, positioning Ethereum for a potential price surge to $4,000.
World Liberty Financial’s Strategic Accumulation
In the last 24 hours, World Liberty Financial purchased 14,403 Ethereum, spending approximately $48 million USDC at an average price of $3,333 per ETH, according to data from Arkham Intelligence. This purchase has propelled WLFI’s total Ethereum holdings to 40,765 ETH, valued at approximately $138.5 million.
This significant investment comes amid a 5% price jump in Ethereum, with the cryptocurrency trading at $3,400 at the time of writing. The purchase also coincides with a 117% surge in daily trading volume, now standing at $68 billion.
Eric Trump, the executive vice president of the Trump Organization, hinted at additional Ethereum purchases in the pipeline, bolstering confidence in Ethereum’s long-term potential. Furthermore, WLFI’s addition of 5 billion WLFI tokens for sale at a 230% markup has raised additional capital, signaling aggressive expansion plans.
Technical Analysis
Ethereum has shown resilience, bouncing back from the $3,100 support level.
ETH is currently trading at $3,333, up 3.79% in the last 24 hours. A bullish reversal pattern is forming, suggesting further upward momentum. The RSI is at 48, indicating that Ethereum is not overbought and has room to capitalize on liquidity.
Furthermore, The 78.6% Fibonacci retracement level aligns with the $3,100 mark, providing a strong support zone in case of a correction. Resistance is expected at $3,500, with a breakout paving the way for a rally toward $4,000.
The 117% increase in daily trading volume highlights growing market interest. Additionally, total ETH liquidations have surged to $209 million in the last 24 hours, further supporting the bullish narrative.
Market Sentiment and Broader Implications
Ethereum’s price recovery aligns with broader market trends, with Bitcoin also witnessing significant upward momentum, reaching $109,000. The overall bullish sentiment in the crypto market is supported by increased institutional interest and positive macroeconomic factors.
What Lies Ahead for Ethereum?
With World Liberty Financial’s substantial investment and the bullish technical setup, Ethereum is well-positioned for further gains. The immediate target remains $4,000, with the potential for higher highs as market confidence grows. Traders should watch for a daily close above $3,500, which could confirm the next leg of the rally.
For investors, the $3,100 support level offers a compelling buy zone in case of a pullback, while long-term holders can benefit from Ethereum’s growing adoption and institutional backing. As World Liberty Financial continues to accumulate Ethereum, the altcoin’s trajectory appears increasingly bullish, making it a key asset to watch in the coming days.
ETHE - bears have room to push it lowerA corrective consolidation in subwave (b) down of the wave (iii) up has not completed yet. Bears can test at least 3,000 strong support. But most likely they will be able to push ETHE lower to 2,800sh. Drop down to the Green Demand Zone should provide bulls with a great long setup to ride an accelerated rally
ETH | FRACTAL ATH $6000 | Bitcoin Overlay I'm still anticipating the new Ethereum All Time High .
I just don't believe that BTC will make such a climb and ETH stays behind - it hasn't happened before, I don't believe it will happen this time.
What has happened before, is an interesting topic - ETH usually makes its ATH AFTER the BTC rally, about when the cycle comes to an end. We see this playout during the past two peaks. Ethereum stays fairly low beneath it's own previous ATH , and shoots out above BTC just when the cycle ends.
Using a fractal form the previous cycle, this puts an interesting target on ETH.
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COINBASE:BTCUSD COINBASE:ETHUSD
ETHUSDT Analysis: Approach With Caution I have repeatedly highlighted that the market is currently riskier than it appears . As noted in my previous analysis ( ETHUSDT: $4,102 Is the Key ), I am still holding the long position from that level with a stop entry . However, at this point, I do not find opening a new position very logical. Red box has to be first tp and move the stop to entry.
That said, due to the significant interest in finding an entry, I wanted to share this analysis for those who are actively looking.
Key Points:
Market Risk: The market is riskier than it seems, so manage your trades cautiously.
Existing Position: My long position from the linked analysis remains active with a stop entry.
New Entries: Not ideal at current levels, but for those interested, careful analysis is necessary.
Confirmation Indicators: Use CDV, liquidity heatmaps, volume profiles, volume footprints, and upward market structure breaks in lower time frames for validation.
Learn With Me: If you want to learn how to utilize CDV, liquidity heatmaps, volume profiles, and volume footprints for more accurate analysis, feel free to DM me.
If this analysis helps you, please don’t forget to boost and comment. Your support inspires me to share more insights!
Breaking: Ethereum’s Pectra Update Scheduled for February 2025Ethereum, the world’s leading blockchain for decentralized applications, is poised for another groundbreaking upgrade. The Pectra update, scheduled for February 2025, promises to revolutionize the user experience, bolster network efficiency, and redefine how developers and users interact with the Ethereum ecosystem. Here, we delve into both the technical and fundamental aspects of this highly anticipated upgrade.
Overview of the Pectra Update
Key Objectives:
- Usability: Pectra addresses critical barriers to on-chain app adoption, such as high transaction fees and wallet complexity.
- Scalability: Enhancements will allow the network to handle increased demand without compromising performance.
- Security: Robust updates will fortify Ethereum against evolving threats, ensuring a secure environment for all participants.
Notable Features and Enhancements:
1. Gas Fee Payment Flexibility: Users can pay transaction fees using any cryptocurrency, including stablecoins.
2. Account Abstraction (ERC-4337): This feature simplifies wallet management, making Ethereum more accessible to non-technical users.
3. Biometric Authentication: Integration of Apple’s FaceID and TouchID for transaction approvals ensures a seamless and secure user experience.
4. Enhanced Staking Mechanisms: The staking limit increases to 2048 ETH, improving resource efficiency and scalability while attracting institutional participation.
5. Verkle Trees (EIP-2935): A significant upgrade that minimizes data storage requirements, fostering greater decentralization and validator participation.
Technical Analysis of Ethereum (ETH)
As of this writing, Ethereum is trading at a bullish trajectory, up 2.25% and showing strong momentum. The following technical indicators provide a deeper insight:
Relative Strength Index (RSI):
- Current RSI: 66 (Bullish Zone)
- The RSI indicates strong upward momentum, suggesting continued growth in the short term.
Price Levels:
- Support Levels: $3,000 (psychological support) and $2,800 (1-month low and Fibonacci retracement level)
Volume Trends:
- Increasing trade volumes accompany the current price rally, reinforcing the bullish outlook.
The Synergy of Fundamentals and Technicals
The Pectra update is a significant catalyst for Ethereum’s long-term growth. By merging Prague and Electra—two updates initially slated for late 2025—Ethereum accelerates its roadmap while delivering a more cohesive upgrade. This consolidation reflects the network’s commitment to efficiency and innovation.
On the technical front, Ethereum’s robust price action aligns with market optimism surrounding the Pectra update. Enhanced staking flexibility and account abstraction are likely to attract new users and institutional investors, potentially driving ETH prices higher.
Conclusion
The Ethereum Pectra update is a pivotal moment in the blockchain’s evolution, combining innovative features with technical advancements to create a user-friendly, scalable, and secure platform. As February 2025 approaches, market participants should watch for:
- Continued bullish momentum in ETH prices
- Potential retracements to key support levels for accumulation opportunities
- Broader adoption of Ethereum’s enhanced ecosystem
Ethereum’s trajectory remains upward, with Pectra set to unlock new horizons for decentralized applications and blockchain technology. Whether you’re a developer, investor, or enthusiast, the Pectra update marks a transformative step toward a more inclusive and efficient Web3 future.