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Ethlong

ETH Macro Ready For Another Rip?This is a weekly chart for Ethereum and currently showing so bullish signs for a continuation to the upside on the high time frames. Current confluence for a continuation is price is retesting the top side of the 200 EMA, taken liquidity below the last low, retesting a long running trend line since the bottom, weekly wave trend is about to cross to the upside, and money flow is rising. Given the environment it only seems reasonable price would respond positively but there is certainly a potential that price brakes below the trend line and if this were to occur it would be a clear indication we need to head back to the short side for a serious bear market. IF IF IF the market is going to hold and push up this would be the place. Current Trading Plan: Stop loss is only in the 5% range below the current lows Target 1 will be the 61.8 retrace level from swing high to low approximately 60% higher at 2075. Target 2 will be just below the next major unbroken high and the 78.6 retrace level approximately 100% higher at 3375. Trade Well..... If you want to import this chart into your trading view just hit the share button and select make it mine to make it editable in your account.
INDEX:ETHUSDLong
by Degen-Dynasty
A Bitcoin Bull Run?CME: Micro BTC Futures ( CME:MBT1! ), Micro ETH Futures ( CME:MET1! ) This Monday, bitcoin jumped above $49,000 for the first time in a year, and quickly extended its gains and broke through the $50,000 level. By Wednesday, bitcoin shot up again, pushing above $52,000 in morning session. In the past few months, the benchmark cryptocurrency has experienced a “Buying the Rumor and Selling the News” phenomenon. In anticipation of the SEC approval of spot bitcoin ETFs, bitcoin nearly doubled in a matter of just three months, rising from $24,830 in early September to $48,960 in mid-January. On January 15th, when the SEC finally approved the listing of 11 bitcoin ETFs, a huge selloff followed. Bitcoin had gained 156% in 2023 and rose 16% further in January. Instead of riding higher with the good news, investors chose to sell and book profits. Bitcoin tumbled 21% from its recent peak and touched $38,530 on January 24th. My recent trade idea, “BTC: Buy the Rumor and Sell the News”, observed three such occurrences in bitcoin’s brief history. After the dust was settled, cyclical volatility gave way to secular growth. Economic fundamentals are at work here: when it comes to Bitcoin, there is finite supply and a growing demand. At the daily high of $52,079 on Wednesday, bitcoin has already bounced back 35% within a month. Cathie Wood, whose ARK 21Shares Bitcoin ETF is among the 11 approved ETFs, predicted that Bitcoin prices would reach $600K by 2030. While this lofty price level may sound far-fetched now, I think it is entirely plausible for bitcoin to revisit its all-time-high of $68,982.20. It would not surprise me to see a new all-time high (ATH) record in the next few months. Key Drivers for Bitcoin’s Long-term Rise In my opinion, a secular long-term bull market for cryptocurrencies has already emerged. The case for rising bitcoin prices is supported by solid fundamental strength: Firstly, there is a limited supply of bitcoins with a total cap of 21 million. Currently, around 19 million bitcoins have been mined and are in circulation, leaving approximately 2 million left to be mined. This makes bitcoin superior to fiat currencies, whose supply could be increased by central banks, with or without limits. Secondly, the demand for crypto investment could increase substantially. With bitcoin now a SEC-regulated investment asset, the biggest hurdle for participation has been removed. Investors may now buy spot bitcoin, bitcoin futures, bitcoin options, and bitcoin ETFs from their brokerage accounts and trade on regulated US Exchanges. Outstanding performance of both Bitcoin and Ethereum could speed up the asset rotation. Thirdly, an excessive dollar supply could help raise bitcoin prices. This is an important point and deserves a thorough explanation. The US Federal Government is currently running a budget deficit to the tune of $1.5-2.0 trillion a year. By borrowing, it is injecting vast amounts of new dollars into the financial system. In boom time, these dollars will flow to businesses and households in the forms of new investment and new consumption. However, as the economy slows down and the cost of borrowing remains high, they are reluctant to incur more debt. Commercial banks are left holding excessive cash in their books. Facing reduced loan interest income, they would seek to boost investment returns. As conservative investors, banks typically put money in Treasury bonds, high-grade corporate bonds, and Blue-Chip stocks. Now that Bitcoin is sanctioned by the SEC, banks could legally invest in the spot ETFs offered by top-rated asset managers. Although the bank purchases bitcoin indirectly through an ETF, it would pass through to spot bitcoin. With the sheer size of bank assets, a small percentage of asset allocation could increase bitcoin demand substantially. Trading with Micro BTC and ETH Futures In my opinion, both Bitcoin and Ethereum are set up for a long-term marathon bull run. Just like commercial banks, individual investors could consider adding Bitcoin and Ethereum (or the spot ETFs) to their long-term investment portfolio. Speculative traders share my view. “Leveraged Funds” had total long positions of 7,120 on bitcoin futures, vs. 3,147 short positions, in the week of February 6th, according to the Commitment of Trader (COT) report published by the U.S. Commodity Futures Trading Commission (CFTC). The 2.3-to-1 long/short ratio indicates bullish sentiment. There is a problem: with bitcoin already tripling in prices, the price increases going forward do not offer the same level of return dollar-for-dollar. Hypothetically, if bitcoin rises to SWB:69K from GETTEX:52K , the $17,000 gain would equal to 33% in return. If you bought bitcoin for $17K in December 2022, the same dollar gain would be 100% in return. To counter the effect of higher prices, investors could consider using leverage. CME Micro BTC futures ( PSE:MBT ) provide leverage and capital efficiency. The contract notional is 1/10 of 1 BTC. Initial margin is $980. The June contract (MBTM4) was last quoted at $53,575. At current price there is a 5.5 times leverage built in the contract, which is the ratio of 5,357.5 (1/10 of 1 BTC) divided by 980. If the futures price touches the previous ATH at approximately $69,000, a long futures position would gain $1,542 (= 6900-5358), and the return would be a 157% return, using the $980 margin as a cost base. For a comparison, investing in 1/10 of a spot bitcoin or bitcoin ETF would gain $1,700 (= 6900-5200), but the return would be 33% only (= 1700/5200), without the leverage. Similarly, CME Micro Ether futures ( NYSE:MET ) also provide leverage and capital efficiency. The contract notional is 1/10 of 1 ETH. Initial margin is $62. The April contract (METJ4) was last quoted at $2,802. At the current price there is a 4.5 times leverage built in the contract, which is the ratio of 280 (1/10 of 1 ETH) divided by 62. If the futures price touches 3,500, a long futures position would gain $70 (= 350-280), and the return would be a 113% return, using the $62 margin as a cost base. For a comparison, investing in 1/10 of a spot Ethereum would gain $75 (= 350-275), but the return would be 27% only (= 86/267), without the leverage. Happy Trading. Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME:MBT1!Long
by JimHuangChicago
2
ETH - Recurring Wyckoff "Jumping The Creek"CRYPTOCAP:ETH This patten has unfolded consistently, multiple times, across ETH and many other ERC-20 pairs. It's a simple Wyckoff accumulation/reaccumulation schematic, sweeping liquidity then double bottoming, followed by a flag at the DB neckline (w/volume) then breaking higher. The best part of watching this unfold is from a macro bottom into the expansion phase clearly illustrates the lessening amount of resistance PA has to grind through and the angle of acceleration once it breaks. This is where people get left behind, this phase illustrates the exponential nature of what this space is. It's beautiful IMO 🥹
INDEX:ETHUSDLong
by ANobleNerd
#ETH: UPDATE Ethereum is currently encountering a crucial price range between $2370 and $2400, with the lower trendline of this range serving as a formidable resistance. Presently, Ethereum is experiencing rejection at this level, indicating a significant challenge for bullish momentum. For the bulls to gain control and initiate an upward trend, it is essential for Ethereum's price to break through the resistance presented by the $2370 to $2400 range. If successful, this could signal a positive shift in market sentiment. However, should the prevailing bearish pressure persist, there is a likelihood that Ethereum may face rejection and decline towards the lower support level. Traders and investors are advised to stay informed and monitor the market closely for updates on the evolving situation. I will provide further updates as the scenario unfolds.
by CRYPTOMOJO_TA
3
ETH Bullish Forecast 🌞 - Upside Potential Over the Next WeekThe Securities and Exchange Commission (SEC) has, as expected, delayed its decision of Invesco’s and Galaxy’s applications for spot Ether exchange traded funds (ETFs). “The only date that matters for spot #ethereum ETFs at this time is May 23rd. Which is @vaneck_us's final deadline date,” noted Bloomberg’s ETF analyst James Seyffart. The price of Ether rose 2 percent to 2,368 dollars over the past 24 hours. Trading conditions will be mixed on the global crypto market in the next 24 hours, with Bitcoin, Ripple’s XRP, Cardano and Avalanche facing bearish clouds and downside risks according to ATTMO. As for Ether, Litecoin, Binance Coin and Dogecoin, they should all profit from a bullish sun and upside potential. Over a one-week horizon, this bullish sun will shine over Bitcoin, Ethereum and Chainlink, while the other altcoins covered by ATTMO are set to face bearish clouds. Follow us for more crypto weather reports!
BITSTAMP:ETHUSD
by ATTMO
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the ETH 1-day update. The price of Ethereum is fluctuating inside a large ascending channel. The higher boundary of the pattern paired with the resistance level of 2,750 has rejected the price to the downside. The market has since fallen below the 2,400 level and is currently retesting it. If the price fails to climb higher again, the chances of a further decline towards the 200-day moving average located around the 2,000 level will be significant. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
2
ETH Sees Bullish ☀️ In the Next 24 Hrs; Bearish ☁️ In 1 Week Ethereum, Ripple’s XRP and Cardano will profit from a bullish sun in the next 24 hours, according to ATTMO. The Hong Kong-based asset manager Venture Smart Financial Holdings (VSFG) plans to apply for a spot Ether ETF in Hong Kong during the second quarter, conditional on the approval of its spot Bitcoin ETF during the first, the Block reports. The price of Ether rose 1.5 percent to 2,306 dollars over the past 24 hours. Meanhile, Bitcoin, Binance Coin and Avalanche are set to face bearish clouds over the same time horizon. Over a one-week horizon, this bullish sun will shine over Bitcoin, Dogecoin and Polygon, signaling upside potential. Bearish clouds will, however, sweep over Ether, Litecoin, XRP, Cardano and Binance Coin, indicating downside pressure ahead. 
BITSTAMP:ETHUSD
by ATTMO
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
ETH Bullish Day and Week Ahead ☀️Cryptocurrencies rallied over the past 24 hours as investors poured in fresh cash, bolstered by the benchmark S&P 500 index hitting a new all-time high on Monday. They are also waiting for new signals from the Federal Reserve meeting up on Wednesday, regarding the up-coming rate cuts in the US. The price of Ether was up 2.5 percent over the past 24 hours, and it has even more upside potential over the next week. According to ATTMO, a bullish sun will shine over Ethereum, Bitcoin, Binance Coin and Ripple’s XRP in the next 24 hours, while bearish clouds will linger over Avalanche, Dogecoin and Polkadot. Follow us for more crypto weather reports!
BITSTAMP:ETHUSDLong
by ATTMO
ETH → Ethereum Falls Back to the Support Zone. Long or Short?Ethereum retraced to the Support Zone, following the rest of the crypto market in a pullback. Now that ETH is on the Support Zone, can we expect a bounce? How do we trade this? 🤔 I think it is probable that we get a bounce back up to the Daily 30EMA, but I do not believe ETH will break it. We may have witnessed the first leg down in a 2-legged pullback for ETH and Bitcoin. ETH has some long tail bars at the Support Zone, but with no good follow-through as of yet. It's reasonable to think the bulls will make an attempt to buy but with little momentum, which makes that Daily 30EMA ribbon an ideal resistance target as it previously acted as support. The rejection at the 30EMA will likely bring the price back down to the Support Zone and with that many points of contact, increases the probability that the price will fall through. I expect that next support area to be at the Daily 200EMA of which the price will be around $2,000. The psychology of that even number being at the 200EMA after a 2-legged pullback in a bull market screams support zone target. Once we hit this price area, I am looking for a strong bull signal and confirmation bars to enter a long. 💡 Trade Idea 💡 Long Entry: $2,080 🟥 Stop Loss: $1,920 ✅ Take Profit #1: $2,240 ✅ Take Profit #2: $2,560 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Four legs up in a bull trend, final strong bull candle followed by a strong bear candle. 2. Contact with Resistance Area above $2,500 3. Strong Reversal Candle closing below Daily 30EMA 4. Likely to fall below Support Zone, look for Long Entry at Daily 200EMA 5. RSI at 40.00 and Below the Moving Average with a gap to fill, supports a slight pullback and then fall. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
INDEX:ETHUSDLong
by TraderEngineering
1