Ethereum vs "Ethereum killer" who will rise in 2023The past 2022 was difficult and painful for all cryptocurrencies. But there were cryptocurrencies that depreciated by -60% per year, and there were those whose value decreased by -99.9999%
In 2022, the Ethereum team and community held The Merge (we think everyone who is interested in ETH knows about the main changes that have taken place)
Despite the statements of skeptics, Ether confidently took second place in the crypto world. From the volatility trading pair ETHUSDT, whose price grew rapidly in 2020-2021, ETHUSD is increasingly turning into an "index" that other cryptocurrencies are guided by.
Ethereum's buyers are confidently buying back Eth in t he important liquidity zone of $1000-1250 and have not allowed the price to fall below for more than six months.
This is a good sign that ETHUSDT price may grow maybe not very sharply, but steadily in the future.
On the chart, we have schematically depicted the possible route of ETHUSD price growth until the beginning of spring 2023 to the $1800 region
We described the possible general route of the crypto market price movement in 2023 in more detail in this idea:
Separately, We would also like to touch on the topic of "Ethereum killers". For some reason, marketers of various crypto projects that have been launched on the market in recent years have fallen in love with this narrative.
Someone said that Ethereum transactions were slow, someone said that the transaction cost was expensive, and someone said that the blockchain had a low capacity... etc. And every new project had to "bury Ethereum" in its problems.
But as the table below shows, each potential "Ethereum killer" for 2022 lost in value and capitalization proportionally much more than ETH itself
By the way, for each coin on the list, we wrote an analysis and our vision of the possible price movement. You can easily find what you are interested in using the search.
Write in the comments what you expect from Ethereum in 2023, and maybe we forgot to add some "Ethereum killer" to such an important list)
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Ethereumusd
ETH : Possible pump soon...ETH is trading below a resistance zone and just like the last 2 times, I expect a pump now if we flip the resistance into support.
The bullish momentum looks good and this gives more confidence to my plan...
Ethereum Analysis 07.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Buy signal for EthereumAccording to my free indicator "moving average sequential strat", Ethereum is a buy. Two days ago it fired off a buy signal. If we combine that with the positive price flip of the Fetch Trends, and we have a high probability that the price will go up.
Get both indicators for free, by clicking on my profile.
Ethereum ETH is about to flash insane short signal!Hello, dear friends!
Yesterday we told about Bitcoin , which has to show us just another one leg up before crash. We have almost the same picture on Ethereum , but it has more crash potential and we are going to use it. I decided to open short not only on BTC , but also on ETH . Today I am going to show you the exact level.
Let’s take a look at the 1h time frame of the WHITEBIT:ETHUSDT chart . Here we can also see that the wave 3 has been finished and now the asset is trying to find the wave’s 4 bottom. Wave 4 has 3 end conditions:
Awesome oscillator zero level crossover.
Reaching the Fibonacci 0.38-0.5 zone.
Reaching the wave 4 bottom of the lower gegree wave cycle in the wave 3.
Conditions 1 and 3 have been met. I suppose that price should squeeze down to $1237 before the wave 5 start.
Let’s measure the target for wave 5. Wave 3, obviously was extended, that’s why wave 5 will be ordinary. It has the two targets: wave’s 1 length and wave’s 1 lenght multiplied by 1.61. To set the new high the second target should be the case. Therefore, $1274 is my target to short the ETH . Watch out my updates, I will show the underlying structure of wave 5 to have the sniper short trade entry.
Best regards, Ivan
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Ethereum Analysis 30.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Ethereum ETH Price prediction for the end of the yearThis week we have the CPI report and the FED meeting. I expect the stock market to go down and cypto to follow it.
My price target for Ethereum ETH for the end of the year are the following:
ETH/USDT short
Entry Range: $1200 - 1300
Take Profit 1: $1140
Take Profit 2: $1090
Take Profit 3: $1000
Stop Loss: $1395
Ethereum price hints at possible growthIn November, when the BTCUSDT price updated the 2022 low, ETH buyers did not allow the price to update the annual low.
In November, the fall of the ETHUSDT price stopped in the liquidity zone of $1000-1250. This zone has played an important role in supporting buyers since 2021.
In the near future, Ethereum buyers have an important task to fix the Ether price above the liquidity zone, that is, above $1250
So, in the event of a "positive" in the cryptocurrency market, we have the following assumption of the possible movement of the ETHUSD price:
Growth to $1540 - correction to $1200-1250 - growth to $1900
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MY MINIMALIST CHART ANALYSIS FOR ETHEREUM$ETH
On a Weekly Chart
LONG POSITION -MOMENTUM STRATEGY - SWING
09.01..22
0936H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
ALERT:
Entries for a BULL SWING when $BTC starts up and running.
Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) RSI still needs to go down at 20-30. It has RALLIED for the past 4 months and is has broken the FIB 0.382 level. Let us see a FIB 0.618 for a measured move towards our 1ST EXIT.
Bitcoin is also holding strong support at the 20k zone and is shy away from being oversold at the point of the previous capitulation.
1. On a lower time frame, It may be a HEAD and SHOULDER PATTERN in which it can push it past the FIB 0.618 back to its previous low. RSI is still midway so chances is that it will happen.
2. We will watch what $BTC does and closely monitor failures of our forcasts.
Hoping that this BENTO BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE for LONG positions, either short, mid, or long term.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"Follow the white rabbit!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you.
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
TARGET ZONE IDENTIFICATION:
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
NOTE:
1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
2. Created using data on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
3. My BENTO BOXES are designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
4. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
5. DYOR for your Fundamentals, Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, AB=CD Pattern especially institutional and retailer trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
ETH Daily TA Neutral BullishETHUSD daily guidance is neutral with a bullish bias. Recommended ratio: 60% ETH, 40% Cash .
* The November Unemployment Rate somehow stayed at 3.7%, with Nonfarm Payrolls increasing by 263k ... in the face of ramping layoffs and hiring freezes, this is pretty astonishing. The Federal Reserve has got to be wondering how the job market has remained so resilient with a dramatic slow down in demand due to a shrinking Fed balance sheet and rising federal funds rate. Though it has yet to be seen whether the narrative has changed on a potential slowdown in rate hikes starting on 12/14 (from 75bps to 50bps).
The Committee on Agriculture, Nutrition and Forestry held a hearing today on the FTX collapse ; you read that correctly, this is currently the Senate committee most responsible for overseeing Crypto regulation through the independent agency CFTC (which the committee created in 1974 to handle currencies and other nonagricultural assets). SBF is said to have met with the CFTC 10 times in the past 14 months . SBF was interview by Good Morning America on 11/30 and denied improper use of customers' funds ; this will likely come back to bite him in the ass if regulators finally get around to compiling all of the evidence against him. For one, he told Andrew Ross Sorkin at the NY Times DealBook Summit that he first "really knew there was a problem on November 6th" (start at 22 minutes) , which directly contradicts a since-deleted Tweet on 11/07 assuring people that "FTX is fine. Assets are fine" and that it was just a malicious attack by a competitor . Secondly, he claims to have no idea how his parents were listed on the deed for a $16.4m property in the Bahamas that was intended for FTX staff . US House Rep Maxine Waters candidly invited SBF to participate in the US House Committee on Financial Services hearing on 12/13 .
US Treasury Bills, US Short-Term Bonds, Silver, CNYUSD, JPYUSD, GBPUSD and EURUSD are up. DXY, US Long-Term Bonds, US Equities, US Equity Futures, Cryptos, Commodities, VIX, HSI, N100, and NI225 are down.
Key Upcoming Dates: US November PPI 830am EST 12/09; US November CPI 830am EST 12/13; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14; US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. *
Price is currently forming a minor Ascending Triangle pattern at ~$1290 as it continues to hover above $1270 minor support, the next resistance is the 50MA at ~$1333. Volume finished today's session Moderate and favored buyers (it has favored buyers in three of the past five sessions), it's currently on track to favor sellers if it closes tomorrow's session in the red. Parabolic SAR flips bearish at $1067, this margin is bearish at the moment. RSI is currently trending down slightly at 53 after being rejected just below 55.31 resistance, the next support is the upper trendline of the Symmetrical Triangle from February 2020 at ~50. Stochastic is currently crossing over bearish at 95 after forming a Double Top at max top (it is still trending in the 'bullish autobahn' so this isn't a bearish indicator yet). MACD remains bullish and is currently trending up at -14, the next resistance is at 27.77. ADX is currently trending down at 31.46 as Price is attempting to push higher, this is mildly bearish at the moment.
If Price is able to push higher then it will likely test the 50MA at ~$1333 as resistance before potentially retesting the upper trendline of the descending channel from November 2021 at ~$1375 as resistance . However, if Price breaks below $1270 minor support , it will likely retest ~$1100 as support before potentially retesting $1000 minor support . Mental Stop Loss: (two consecutive closes below) $1269 .
ETH Daily TA Cautiously BullishETHUSD daily guidance is cautiously bullish. Recommended ratio: 65% ETH, 35% Cash.
* CRITICAL RESISTANCE WATCH . China's refusal to adapt to the reality that the virus they helped introduce to the world likely cannot and will not ever be eradicated weighed on markets yet again in a short trading day for US Equity and Bond markets. TBH I hope there is more upheaval and that Chinese citizens are able to overcome this lockdown battle that is frivolous at best. This may have bled out into Crypto markets but it was rather temporary if it did.
Cryptos, Equity Futures, DXY, Long-Term US Treasurys, Gold, Agriculture, N100 and VIX are up. US Equities, Energy, EURUSD, GBPUSD, JPYUSD, CNYUSD, HSI, NI225 and Short-Term US Treasurys are down.
Key Upcoming Dates: US Consumer Confidence Index at 10am EST 11/29; 2nd BEA Estimate of US Q3 GDP at 830am EST 11/30; Fed Chair Jerome Powell speech at Brookings Institute at 130pm EST 11/30; Beige Book at 2pm EST 11/30; October PCE Index at 830am EST 12/01; November Employment Situation at 830am EST 12/02; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14. *
Price is currently trending up at $1220 as it approaches a retest of $1270 minor resistance. Volume finished yesterday's session favoring sellers and is on track to favor buyers if it can close today's session in the green; it has been shrinking for 5 consecutive sessions now which is indicative of an impending breakout/breakdown. RSI is trending up slightly at 45 as it approaches a test of the descending trendline from February 2020 at 50 as resistance. Stochastic remains bullish and is currently forming a soft peak at 98 as it approaches a test of max top for the first time since September 2022. MACD crossed over bullish in today's session and is currently trending up at -61, the next resistance (minor) is at -46. ADX is currently trending down slightly at 46 as Price is pushing higher, this is mildly bullish at the moment.
If Price is able to continue higher then it will likely retest $1270 minor resistance before potentially retesting the 50MA at ~$1343 as resistance which should coincide with the uptrend line from June 2022 (as resistance). However, if Price breaks down here, it will likely fall back to $1100 before potentially retesting $1000 minor support . Mental Stop Loss: (one close below) $1100 .
ETH Ethereum: $600 Range IncomingToday you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETHUSD).
Ethereum is inside a triangle looking to complete a formation of a potential Bear Flag Pattern. The measured move of the Bear Flag formation is under $600. The price currently has two paths by either staying inside the triangle until completion or headed down now. Interestingly MFI (Money Flow Index) shows an uptick in the short term and the RSI is at a support point.
I think the $600 range may be resting place before more downside based on my prior ETH charts.
I have been calling drops on crypto since November and December of 2021. I am more concerned than before that more drops are coming. Be careful.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
ETH Daily TA BearishETHUSD daily guidance is cautiously bearish. Recommended ratio: 5% ETH, 95% CASH.
Happy Veterans Day to those who served.
* MASS CRYPTO DELEVERAGING WATCH. The FTX/Alameda meltdown isn't over yet, and keeps getting crazier with speculation that the troubles at Alameda Research started to amplify after the LUNA death spiral caused SBF to funnel funds from FTX to Alameda and to "altruistically" acquire the insolvent exchanges and lending firms that were overly exposed in order to protect Alameda's own FTT-collateralized loans. The fact that Alameda was essentially comprised of 9 drug-fueled lovers living in the Bahamas is astonishing enough, but even weirder is that both of SBF's parents are "regulatory compliance experts". One thing about this that perhaps changed how it all could've gone down was CZ's (Binance) involvement. I'm under the impression that the crypto crash wouldn't have been so sudden and widespread if CZ wouldn't have tweeted about FTX's struggles, how he was looking to rescue them and then labeling them beyond rescue all within the span of two days. I totally get that CZ likely did it for brand posturing and marketing but he may have also benefited from the massive price increase to BNB after the initial tweet offering to acquire FTX. Fair game though. It's a bit too early to try to predict the end of this mass deleveraging that is currently taking place throughout the Crypto industry and more industry players may go down from this in the coming days, so it's suggested to stay in cash until there's some kind of light at the end of the tunnel. The UofM November Consumer Sentiment Index is 54.7, down from 59.9 in October and likely reflective of the political shift from the Midterm elections.
Key Upcoming Dates: Fourth GDPNow Q4 GDP estimate 11/16; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; October PCE Index at 830am EST 12/01 ; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 . *
Price is currently testing $1270 minor resistance for the third consecutive session after breaking below the 50MA and the uptrend line from June 2022. Volume finished yesterday's session High (moderate) and is currently on track to favor sellers for a second consecutive session if it closes today's session in the red; Price is currently testing the second largest VP supply/demand zone on the chart. Parabolic SAR flips bullish at $1600, this margin is bullish at the moment. RSI is currently trending down at 40 after forming a peak at 43 and will likely aim to test the uptrend line from November 2018 at 37 support in the coming sessions. Stochastic remains bullish and is currently trending up at 33 with no signs of peak formation, it's still technically testing 23 resistance. MACD remains bearish and is currently trending down at -25 as it approaches -46 minor support with no signs of trough formation. ADX is currently trending up slightly at 32 as Price continues to see selling pressure, this is bearish at the moment.
If Price is able to breakout above $1270 minor resistance then it will likely aim to formally retest the 50MA at ~$1395 as resistance . However, if Price is rejected here, it will likely formally retest $1k minor support before potentially falling lower to $776 minor support. Mental Stop Loss: (two consecutive closes above) $1300.
Ethereum ETH Crypto Market after the ElectionsMy forecast is that we will see a bearish outcome for the crypto market after the November 8th Elections, especially for Ethereum ETH, which is overvalued.
ETH/USDT short
Entry Range: $1600 - 1700
Take Profit 1: $1540
Take Profit 2: $1370
Take Profit 3: $1265
Stop Loss: $1950