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Ethereum ETFs Approved: The Path to New HighsDear friends, reading the situation can be a fun process thus i had informed you to '' Buy the Next Rumor: ETH Mode ON'' Link: Ethereum ETFs have received SEC approval and are expected to start trading well before November 2024, according to JPMorgan analysts. This landmark event is anticipated to enhance market accessibility and liquidity, potentially driving ETH prices significantly higher. Analysts predict that with these ETFs, Ethereum could surpass the $4,000 mark, driven by increased institutional interest and investor confidence. Billy Markus' Bold Prediction: Billy Markus, co-founder of Dogecoin and known as Shibetoshi Nakamoto, predicts Ethereum could reach $100,000. While this forecast has shaken the crypto community, I believe more realistic targets for this cycle are $6,000 and $9,800. This projection is grounded in current market dynamics and technical analysis rather than speculative extremes. SEC Approval Details: On May 23, 2024, the SEC approved the sale of spot Ether ETFs, combining proposals from Nasdaq, NYSE, and CBOE exchanges. This follows the SEC's earlier approval of Bitcoin ETFs in January 2024. The approved ETFs include those from Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity, and Franklin, with individual ETF registration statements still pending SEC sign-off. The SEC's decision emphasized the need for comprehensive surveillance-sharing agreements with the CME to detect and deter fraud and manipulation. Despite not engaging in spot ether market surveillance, the CME's oversight of ether futures contracts provides a high correlation with the spot market, aiding in fraud detection. Technical Analysis: Linear Support: Provides a solid foundation, preventing significant downturns. Massive Breakout: Indicators suggest an impending breakout, bolstered by ETF news. Historical Analysis: Previous posts and technical patterns support a bullish outlook. This new era for Ethereum, driven by ETF trading, is poised to bring substantial growth and opportunities for investors. One Love, The FXPROFESSOR 💙
COINBASE:ETHUSDLong
by FX_Professor
3
SEC Approves first Spot ETH ETFs SEC approves spot ETH ETFs: After months of speculation, the SEC formally approved the first spot ether ETFs on Thursday. The development sets the stage for institutional investors to pour billions into the space. Grayscale CEO departs: Grayscale CEO Michael Sonnenshein announced Monday he was leaving his role after three years running the crypto investment giant. A Goldman Sachs veteran is expected to take his place in August. White House opposes crypto legislation: The White House announced Wednesday its opposition to FIT21, a bill that would give the Commodities and Futures Trading Commission (CFTC) power to regulate the crypto market. But the White House doesn't plan to veto. Gala Games experiences a major issue: It led to the minting of 5 billion tokens worth $206M and caused a nearly 15% drop in the GALA token price. Major banks reveal significant Bitcoin Trust Holdings in Q1: Morgan Stanley, JPMorgan, Wells Fargo, and UBS have shown a growing interest in digital assets within wealth management. Venezuelan government will disconnect crypto mining farms from the national grid: They made the move to stabilize the electrical supply after enduring routine blackouts for the past five years. 🧑‍💻 Topic of the Week: What is a Crypto Exchange 👉 Read more here
GEMINI:ETHUSD
by Gemini
Ethereum's Road to Recovery: Professor's Outlook📊🚀 Ethereum's Road to Recovery: Professor's Outlook 💡🔧 Let's dive into Ethereum and its journey under the looming shadow of regulatory decisions and market dynamics. With Ethereum teetering below the $3,000 mark—a significant psychological barrier—let's explore the potential pathways and strategic levels that could dictate its short to medium-term trajectory. Current Ethereum Landscape Ethereum currently stands just shy of the critical $3,000 mark. This level is not only a psychological barrier but also a pivot point that could lead to substantial price movements based on investor sentiment and market dynamics. With anticipation around the SEC's decision on ETFs, Ethereum's price movements are under increased scrutiny. ps. i think it will be a security and i don't think this is bad news..we can discuss later Key Technical Levels Immediate Resistance: The immediate resistance levels to watch are $3,273, $3,580, and $3,720. These levels represent short-term targets that could validate bullish sentiment. Longer-Term Targets: Looking further ahead, the $4,320 and $4,880 price marks stand out as significant resistance levels. Achieving these would signal a strong upward trend and potentially set the stage for more ambitious targets. Historical Support Review: The same support level observed in April, which proved robust during previous tests, is once again in focus. This support level has recently facilitated a healthy rebound, indicating underlying strength in the Ethereum market. Future Outlook Despite the uncertainty surrounding ETF approvals, Ethereum's robust technical foundations and recent performance suggest resilience and potential for recovery. Projections for Ethereum reaching as high as $6,174 remain ambitious yet plausible within the next 18 to 24 months, assuming favorable market conditions and regulatory outcomes. Conclusion As Ethereum navigates these critical levels, staying informed and responsive to emerging trends will be crucial. The interplay between regulatory news and technical indicators will likely drive Ethereum's market behavior, providing strategic opportunities for keen investors. Keep an eye on further developments, and as always, engage with the markets thoughtfully and strategically. One Love, The FXPROFESSOR 💙
BITSTAMP:ETHUSDLong
by FX_Professor
1
Bitcoin CME Gap finally filled That CME gap that was created on 22 March has finally been Filled. For me, the pressure has been on PA to Dip back into that gap to fill it and so we have been ranging above it for weeks. This takes the battle lines between Bulls and Bears to a higher level. PA can move on. But will It ? Hong Kong just approved BTC And ETH ETF's. We may see outflows from USA BTC ETF's and Inflows into Hong Kong now.... We need to watch that space very closely because if the Flows are Large, the USA has to approve ETF for ETH pretty quick
CME:BTC1!
by Orriginal
Ethereum's Key Moments: Ascending Channel Support & Future Prosp📈💼 Ethereum's Key Moments: Ascending Channel Support & Future Prospects 🚀💡 First check this out: It means a lot to me when analysis is aging so good! Sold before 5k, bought back in below 1000$ and many excellent posts in between..wow! Today, we're diving deep into Ethereum and the critical ETHBTC chart. Starting with the ETHBTC perspective, we're currently stationed at a pivotal support level, specifically at ETHBTC 0.051. This point marks the lower boundary of an ascending channel. Our analysis leads us to believe there's a 70% likelihood Ethereum will outpace Bitcoin in the coming period or at least mitigate losses better. Ethereum's Positioning: A Closer Look The ETHBTC chart highlights a prime buying opportunity, underscored by its position on a significant support level. Shifting focus to Ethereum's individual performance, we recall a notable breakout, aligning with our successful past strategies - selling before Ethereum hit the $5,000 peak and re-entering the market at the $930 mark. These moves have placed us in an advantageous position, primed for repetition. Strategic Insights and Expectations Ethereum's current support sits around $3,300, with projections pointing towards a rise to the $6,000 threshold and potentially reaching $9,958 in the foreseeable future. This optimistic outlook is supported by Ethereum's role as a pivotal blockchain, bridging the crypto domain with the real economy. Looking Ahead: Ethereum and the Regulatory Landscape Discussions around BlackRock, the SEC, and the anticipation of an Ethereum ETF paint a bullish picture for Ethereum. Despite the ongoing scrutiny by the SEC, the underlying fundamentals and strategic positions suggest a strong upward trajectory for Ethereum. In conclusion, Ethereum stands at a crucial juncture, supported by technical analysis and buoyed by potential regulatory advancements. The strategic positions adopted now could set the stage for substantial gains, reflecting Ethereum's growing influence and utility in bridging traditional and digital finance sectors. 🌟🌟🌟Lastly allow me to say this could be a great time to look some Ethereum AI Alts: 🌟🌟🌟 One Love, The FXPROFESSOR 💙 Links: Ethereum Layer 2s and Active Addresses Analysis Can Ethereum Break Through $4,000 Amid SEC Scrutiny?
COINBASE:ETHUSDLong
by FX_Professor
5
Buy the Rumor, Ignore the News, Buy the Next Rumor: ETH Mode ONEthereum has been outshining Bitcoin recently, just as we anticipated. A significant breakout is looming on the Ethereum-Bitcoin chart, heralding what might be the beginning of Ethereum's rapid ascent, outpacing Bitcoin in the days, weeks, and even months ahead. Following the Bitcoin ETF approval, analysts like James Safart from Bloomberg are now evaluating the potential for an Ethereum ETF. This speculation over an impending Ethereum ETF approval in May has sparked conversations about a potential parabolic rally for Ethereum and other altcoins. Interestingly, Bloomberg Intelligence hints at a 70% likelihood of a spot Ethereum ETF's approval. The SEC's first verdict on the spot Ethereum ETF application is expected by May 23. This situation presents a classic "buy the rumor, ignore the news, and buy the next rumor" event. Our track record on Ethereum speaks for itself. We accurately predicted short positions on Ethereum just before it hit $5,000 and again at $3,580. Moreover, in June 2022, we shared a perfect re-entry long on Ethereum at $960. Since then, we've provided three more solid entry points for Ethereum trades in the last 48 hours. Looking at the Ethereum-BTC chart, our prediction was spot-on about Ethereum's rise preceding the Bitcoin ETF's approval. Currently, Ethereum shows support at $2,543, with initial targets at $2,921 and $3,269. Eventually, I foresee Ethereum reaching new all-time highs within the next 18 months. For today, watch for the key levels: $538 support and $2,918 resistance. As always, we'll approach this step by step, so stay tuned for more insights. One Love, The FXPROFESSOR 💙 Links: www.theblock.co finbold.com
BITSTAMP:ETHUSDLong
by FX_Professor
Market Update - February 16, 2024 Bitcoin tops GETTEX:52K as ETF inflows build: Bitcoin ETF inflows accelerated this week, with close to $1.5B of inflows over the first three days of the week, and four of the ETFs (excluding Grayscale) now holding over SEED_TVCODER77_ETHBTCDATA:1B in AUM just one month after launching. Blackrock's iShares Bitcoin Trust (IBIT) leads the pack with over SEED_TVCODER77_ETHBTCDATA:5B in AUM. As of Friday morning, BTC is currently trading around $52.1K, up 10% over the past week. Ether hits $2,800 as its own ETF conversation builds: This week Ethereum broke above the $2,800 level for the first time since May 2022, and investors are spying the $3,500 April 2022 peak should the recent bullish momentum continue. There are currently 9 ETF issuers that have submitted applications for an ether ETF. After experiencing the impact spot bitcoin ETF approvals had on the price of bitcoin and the large inflows that are coming in daily, investors could be expecting a similar move in ETH should an ether ETF be approved. Stacks outperforms, gaining over 45% this week: Stacks (STX), a project that aims to enable smart contracts and decentralized finance (DeFI) applications on the Bitcoin network, has been one of the biggest outperformers this week posting gains of 45% over the past seven days. The ability for Stacks to bring smart contract functionality to Bitcoin, has positioned the project well for increased attention alongside Bitcoin following the success of the spot ETFs. Interest rate cut expectations lowered as CPI comes in strong: The US consumer price index (CPI) released on Tuesday, showed consumer prices increasing more than expected in January, coming in at 0.3% on the month and 3.1% year on year, while 0.2% and 2.9% were expected. The market saw some readjustments to interest rate cut expectations following the release, now pricing in a 30% chance of a rate cut by the May FOMC meeting, down significantly from the near 100% chance priced in one month ago. 🗺️ Topic of the Week: Real-World Use Cases for Smart Contract and dApps 👉 Read more here
GEMINI:BTCUSD
by Gemini
ETH Liquidation zones (SETUP FOR LONG PART 2)The liquidity zone is 60 million currently in the zone 2250-2220 and the highest liquidity is 2162. Below the highest liquidity is the highest peak on April 15, 2023 and the 100DMA that comes up. You can try long I would not use margin or leverage below those zones. Obviously DCA. This is a follow-up to the last setup that didn't work and where it was written that I will escort this zone when it comes. Check below. If you like this free content, support it with a like and a follow.
Long
by learnfromfailure
XRPUSDT to $1.22 this year?2 factors drive my analysis for why I'm forecasting XRP to hit $1.22 this year. First: XRP ETF Speculation from Blackrock. - BlackRock CEO Larry comment on the potential for an XRP ETF on Fox Business interview “I can’t talk about that!” when asked about an XRP ETF. This left investors and analysts parsing his words for hints of BlackRock's possible foray into XRP 2nd: Technical Analysis 2 sides of the coin for this, as seen by my bullish green price action arrow forecast and bearish red price action arrow forecast. However, i'm leaning more towards longs, due to fundamentals where despite volatility and FUD, the overall momentum is hopeful bullish. At the time of posting - 14Jan 4.30 SGT, XRPUSDT is on the weekly support -resist level. Previous week's candle closed bearish, however, with a long wick showing buyers strength. This week looks to be ending on a green candle. Long sell wick indicates sellers strength. Weekly is gonna close with a sideways momemtum, as market is hesistant and bith bear and bulls are looking to see each others next move. I however, expect week support to be respected, and pump up to week's resist after some consolidation, to retest March 22 week resist zone. If price retest Mar 22 resist zone and forms support on 0.748, I'm expecting XRP to push all the way to 1.22. While bullish for $1.22 target, that'll probably be pre ETH ETF, to which, a massive liquidity grab will bring XRP back to 0.5-0.8 zone.
Long
by lesnermj
Trading Fake Breakouts ! Real ETH Move UP The Art of Trading Fake Breakouts: Fake breakouts occur when an asset's price appears to break a significant support or resistance level, only to quickly reverse in the opposite direction. They can be frustrating but are also opportunities in disguise. Ethereum's Triangle Pattern: As of late, Ethereum has been forming a triangle pattern, a classic setup in technical analysis. Typically, traders expect a breakout from this pattern to signify a strong directional move. However, here's where the twist comes in. I'm keeping an eye on a potential fake breakout scenario where Ethereum might appear to break below the lower boundary of the triangle. This could trigger panic selling among some traders, leading to a sharp dip. The Real Growth Opportunity: Now, here's the interesting part. This fake breakdown could be a prelude to a genuine price surge. After shaking out the weak hands, Ethereum might reverse course and embark on a true upward journey. Trading Strategy: Patience: Don't rush to trade the initial breakdown. Wait for confirmation that the move is genuine. Confirmation: Look for clear signs of a reversal, such as strong buying volume and price action back above the triangle's lower boundary. Risk Management: Always employ risk management strategies, like stop-loss orders, to protect your capital. Research: Stay informed about Ethereum's fundamentals and any relevant news that could impact its price. Remember, trading fake breakouts requires keen observation and a calm demeanor. It's about navigating market psychology and seizing the opportunities that arise from the panic of others. So, stay vigilant, be patient, and keep an eye out for the twist in Ethereum's tale. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
INDEX:ETHUSDLong
by AlexWhale