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ETH - Key Levels To Watch 👀What's up traders! In today's market breakdown, we're mapping out our latest levels to watch for on the ETH hourly chart. No need to beat around the bush, let's dive right in... Ticker: ETHUSDT Date: 04/26/23 T imeframe: 1H Key Levels: Supply: 1935-1965 (1st red zone), 1990-2005 (2nd red zone) Demand: 1800-1825 (green zone) Other key levels: 1875-1890 (1st grey zone) Commentary: First Republic drama had cryptocurrency bulls gain back control of the market yesterday. However, Ethereum has come back to retest demand at 1800 today. Ethereum pretty much satisfied the Bearish Scenario 2 from our last analysis on 04/23/23, except it found demand at 1800 rather than ~1770 - a big psychological level. Currently, we are trading just under ~1875-1890 key zone and supply from the earlier this week that is being respected well. Here are a few trades we could target from here: ✅ Bullish Scenario 1: you want to see price pull back into the demand zone ~1800-1825 and buyers to emerge again for an upside move, possibly into ~1935-1965 supply or higher. Be cautious of the key zone around ~1875-1890 in this scenario. This is the safer upside play. ✅ Bullish Scenario 2: you want to see price trade above this ~1875-1890 zone, retest this zone and turn it into demand to catch a break and retest for an upside move, potentially into supply at ~1935-1965. ✅ Bullish Scenario 3: you want to see price rally and break supply at ~1935-1965, pull back into it to turn it into demand and find strength again for a move into next supply at ~1990-2005. ------ 🟥 Bearish Scenario 1: you want to see price approach supply at ~1935-1965, sellers to regain control and possibly catch a break and retest of this supply zone into the key zone ~1875-1890 or demand at ~1800-1825. This will be the safer downside play. 🟥 Bearish Scenario 2: you want to see price reject here at ~1875-1890 for a move into ~1800-1825 demand. 🟥 Bearish Scenario 3: you want to see price break demand at ~1800-1825, retest and turn this zone into supply for a further downside move into ~1770. That's all we got for you in this one. So what do you think? Are you bullish or bearish on ETH? Let us know in the comments below! We'll see you in the next one. -The AlgoBuddy Team
by QuantVue
4
Bitcoin's Declining Correlation with Ether May Affect InvestorsThe correlation between bitcoin and ethereum returns has been declining since mid-March. The decline in this relationship became more pronounced after the Shanghai upgrade of Ether, with a similar trend seen in September 2022 after the network's last Merge update. The weakening of the daily return 40-day correlation could continue for another two weeks, as the initial phase of Ether extraction remains in effect after the upgrade. Analysts David Duong and Brian Cubellis say the relevance of this correlation decline for institutional investors is that it could affect quantitative strategies that rely on one asset to cross-hedge against another (or use ETH as a hedge for less liquid cottage coins). From a fundamental perspective, it supports the diversification argument for holding both BTC and ETH
COINBASE:ETHUSD
by MieMie87
Decline associated with ethereum could affect investors' hedgingThe correlation between bitcoin and ethereum returns has been declining since mid-March. The decline in this relationship became more pronounced after the Shanghai upgrade of Ether, with a similar trend seen in September 2022 after the network's last Merge update. The weakening of the daily return 40-day correlation could continue for another two weeks, as the initial phase of Ether extraction remains in effect after the upgrade. Analysts David Duong and Brian Cubellis say the relevance of this correlation decline for institutional investors is that it could affect quantitative strategies that rely on one asset to cross-hedge against another (or use ETH as a hedge for less liquid cottage coins). From a fundamental perspective, it supports the diversification argument for holding both BTC and ETH
KRAKEN:ETHUSD
by sooyeon520
Ethereum to turnaround?Ethereum - 24h expiry - We look to Buy a break of 1891 (stop at 1841) We are trading at oversold extremes. Daily signals are mildly bullish. Bullish divergence is expected to support prices. Posted a Double Bottom formation. The bias is to break to the upside. Our profit targets will be 2011 and 2031 Resistance: 1860 / 1880 / 1900 Support: 1825 / 1800 / 1775 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:ETHUSDLong
by VantageMarkets
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) also started the week in the red, with prices hovering close to a key point of support. Following a high of 1,888.19 on Sunday, ETH/USD slipped to an intraday low of 1,831.16 earlier in today’s session. As a result of this move, ethereum fell close to its long-term price floor at 1,830, however, bulls have so far rejected a breakout. One of the reasons that a break has yet to occur seems to be due to the RSI, which continues to trend above support at 44.00 Price strength is now tracking at 45.58, with a ceiling at 52.00 a potential target for bulls hopeful of recapturing the 1,900 mark. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
3
Ether wipes out all gains from Shanghai upgradeEther (ETH) (www.coindesk.com) dropped to as low as HKEX:1 ,833 Friday afternoon, its lowest price since April 9, CoinDesk data shows. The second-largest cryptocurrency by market capitalization has now erased all price gains of its recent rally following the seamless implementation of the highly anticipated Shanghai upgrade. (www.coindesk.com)ETH has declined more than 13% from a Tuesday high of HKEX:2 ,118. It has fallen 5.3% over the past 24 hours as investors continue to weigh macroeconomic and crypto-industry focused uncertainties that have afflicted the wider digital asset market. The April 12 hard fork, the last major step in the transformation of the Ethereum blockchain from a proof-of-work to more energy-efficient proof-of-stake protocol, enabled withdrawals (www.coindesk.com) of some HKEX:35 billion worth of tokens locked in staking contracts. ETH began spiking a day after the event and surged to its highest level in 11 months. It had been lingering below HKEX:2 ,000 for most of the past year. ETH’s steady decline since Tuesday has come amid a wider price slump. Bitcoin was recently trading as low as about HKEX:27 ,200, down more than 3% over the past 24 hours and has tumbled more than 10% from a high Tuesday comfortably above HKEX:30 ,000. Crypto markets have been showing weakness in the past few days as concerns around sticky inflation, stock market earnings and looming recession have dragged prices lower, Edward Moya, senior market analyst of foreign exchange market maker Oanda, said Thursday on CoinDesk TV.
COINBASE:ETHUSD
by MieMie87
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) continued to trend lower on Saturday, as the world’s second-largest cryptocurrency dropped below 1,900. Following a high of 1,926.30 on Friday, ETH/USD fell to an intraday low at 1,827.79 earlier in the day. As a result of this move, ethereum started the weekend by declining to its weakest level since April 9. Today’s price slippage also resulted in ETH briefly breaking out of an interim support point at 1,830. Bulls swiftly reentered the market seemingly buying the dip, and this has resulted in ethereum now trading at 1,848.66. Although there is likely to be further declines in the coming days, once this current red wave passes, there may be a significant reversal. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
3
Ethereum -> Just A Classic ShakeoutHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum already broke above a major previous weekly support/resistance area at the HKEX:1900 level. You can also see that as we are speaking, Ethereum is retesting this previous resistance which is now turned support, market structure is still bullish and we already created the bottom of the bear market in my opinion, so I simply do expect more continuation towards the upside from the current levels. On the daily timeframe you can see that Ethereum is also retesting previous daily support/resistance which could act as support so I am just waiting for some more bullish rejection inside of this area and then I do expect a next rally towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
41
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) also edged lower, with price nearing a breakout below the 1,900 mark. Two days after hitting a peak at 2,105, ETH/USD dropped to a low of 1,904.42 earlier in today’s session. This decline has resulted in the world’s second-largest cryptocurrency now trading at its lowest level in eight days. Overall, ethereum is trading nearly 10% lower than at the same time last week, when it rose above 2,000 for the first time since last May. The RSI has also significantly dropped, with the index breaking out of a floor at the 53.00 level, and it is now at a reading of 49.46. Should momentum continue to fall, bears will likely be targeting a point of support at 44.50. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
3
Gemini to open derivatives platform Gemini Foundation in the USCryptocurrency exchange Gemini will open its derivatives platform Gemini Foundation outside of the United States, and its first product will be a BTC perpetual contract denominated in Gemini dollars (GUSD), followed by a GUSD-linked ETH perpetual contract. Unlike traditional derivatives, perpetual contracts have no expiration date. Gemini Foundation will allow eligible clients to leverage their crypto assets for long or short crypto exposures to manage risk, generate returns and gain targeted exposure.
COINBASE:ETHUSD
by MieMie87
ETH Short Called By The DVO Indicator! Looking at ETH on the 4h, we can see our DVO indicator called the short perfectly! The top short was called at 2120 which remains strong resistance followed by 1925 (support turned resistance). Now it's currently bouncing off the next support of 1850. I'm closely watching the DVO indicator to see if it flashes a buy near support. If it does, that will be a strong buy signal. If we fail to bounce here, I'm looking at 1710 as the next strong support level. If you have any questions about my indicators or want to purchase them, please send me a DM :) I would also appreciate a boost if you'd like to see more content like this! Website coming soon...
Long
by CryptoScripts
ETHThere are several factors that have contributed to Ethereum's price growth. One significant factor is the increasing adoption of decentralized finance (DeFi) applications that are built on the Ethereum platform. DeFi applications enable individuals to lend, borrow, and trade cryptocurrencies without intermediaries, leading to increased demand for Ethereum and driving up its price. Another factor is the growing interest in non-fungible tokens (NFTs), which are unique digital assets that are verified on the Ethereum blockchain. With the increasing popularity of NFTs, there is a higher demand for Ethereum, which has a direct impact on its price. Furthermore, the upcoming Ethereum 2.0 upgrade, which aims to improve the network's speed, scalability, and security, has also contributed to Ethereum's price growth. This upgrade is expected to bring more functionality to the Ethereum platform and attract more users and developers, increasing demand for Ethereum and driving up its price. Considering all of these factors, it can be concluded that the trend of Ethereum's price growth is ongoing, and its index is on the rise. However, as with any investment, caution must always be taken, and there are risks and obstacles that can lead to a decrease in price.
COINBASE:BTCUSDLong
by hyfx