ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) slipped to a one-week low in today’s session, as traders attempted to find a point of support.
Following a high of 2,005.44 on Wednesday, ETH/USD dropped to a bottom at 1,928.58 earlier in the day.
As a result of this drop, ethereum fell to its weakest point since April 13, a day which saw ETH hover marginally above 1,900.
At the time of writing, ETH has rebounded, which appears to be due to its RSI bouncing from a floor at 52.00.
Ethereum is currently trading at 1,945.58, with the index at the 54.54 level, below an upcoming ceiling of 58.00.
If bulls were to take price strength to, or above, 58.00, there is a good chance that ETH will be back over the 2,000 level.
I have tried to bring the best possible outcome to this chart.
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Ethlong
ETH - Who Wins This Battle? 🗡️What's up traders! In today's breakdown, we're taking a look at our favorite #2 crypto in Ethereum.
Let's dive right in...
Ticker: ETHUSD
Date: 04/19/23
Timeframe: 1H
Supply: 2044-2068 (1st red zone), 2116-2148 (2nd red zone)
Demand: 1924-1946 (1st green zone), 1826-1860 (2nd green zone)
Commentary:
Ethereum has created a big gap between these demand and supply levels. With Ethereum now pulled back down, this creates an opportunity for a healthier move upwards if we are to continue this rally.
We have just held demand at ~1920 earlier this morning and are attempting to hold it again. This level is a previous double top from a couple weeks and a week ago so it is an important level to look out for. We should not be shorting Ethereum until this level is broken to the downside.
With that being said, volume is currently accumulating on the downside so a break and retest of this level for further downside could well be a good play.
✅ Bullish Scenario 1: you want to see price hold this ~1920 demand, find strength to move upwards and possibly give us a retest of this demand zone for a possible move back into supply around 2050. This will be the safer upside play.
✅ Bullish Scenario 2: you want to see price hold this ~1920 demand, find strength, have volume build up to break the supply zone around ~2050, and then retest the ~2050 zone to possibly move into last week's high around ~2130.
🟥 Bearish Scenario 1: you want to see price break this ~1920 demand, retest, find weakness again and possibly move into last week's lows around ~1860.
🟥 Bearish Scenario 2: you want to see price find weakness again at ~2050 supply zone after holding this ~1920 demand for a move back into the ~1920 demand zone.
Beacon chain ETH pledge APR (annual return rate) has reached 6.4The current Beacon Chain ETH pledge APR (annual return rate) has reached 6.44%, a record high. The current number of ETH pledges is about 17,915,419, which is close to 35 billion US dollars based on the current price, and the number of validators is 561,655.
MetaMask Institutional Solutions MMI MetaMask Institutional Solutions MMI (MetaMask Institutional) released its Q1 2023 review with new features including a portfolio dashboard, account bundling for NFT view, authentication and login, Institutional Staking marketplace, and more.
In terms of data, the MMI extension has an eight-week user retention rate of over 65%, a metric the team is closely monitoring. Assets deployed on the chain using MMI (AUD) increased by 89.17%. At the same time, the MMI team expects annual revenue to grow by 25.87%.
Looking ahead to the next quarter, officials say they will continue to iterate and improve all aspects of MMI, and plan to make a major announcement in Q2
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was back above the 2,100 level in today’s session, as the token remains near an eleven-month high.
Following a low of 2,057.65 to start the week, ETH/USD raced to an intraday high of 2,109.58 earlier in the day.
Today’s peak is marginally lower than Sunday’s high of 2,142, which is the strongest point that ethereum has hit since last May.
this rebound took place as the RSI jumped from its own support point at 68.00.
As of writing, the index is now at the 70.24 mark, with a resistance point of 75.00 a possible destination.
Should it hit the mark, there is a good chance that ethereum could move over 2,200.
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
Ethereum 2 Day TFWhile Ethereum has shown some bullish momentum in the past, my technical analysis suggests that a downward swing may be in the cards. However, once the price of Ethereum reaches my selling zone, I will be on the lookout for any signs of a potential reversal, as this could indicate a prime buying opportunity.
In short, I am closely monitoring the price of Ethereum and will be waiting for the market to reach my area of interest before making any trading decisions.
Ethereum to break from a flag?Ethereum - 24h expiry - We look to Buy a break of 2151 (stop at 2096)
There is no clear indication that the upward move is coming to an end.
Our short term bias remains positive.
A break of the recent high at 2146 should result in a further move higher.
We look for gains to be extended today.
Our outlook is bullish.
Our profit targets will be 2281 and 2301
Resistance: 2100 / 2146 / 2150
Support: 2080 / 2043 / 2000
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ETH beginning to show potentialCurrently we are seing BTC dominance fall to a neutral trend territory:
What does this mean for alts?
When the market goes up and BTC dominance begins to weaken, that is often a sign that alts will begin to outperform for a period.
We could see alt dominance bounce up to 11% before we see a recession and everything goes down again (maybe)
Outlook on ETH
I see ETH hitting the target (2492) if we don't see a major weakness in the market caused by external factors
ETH soon below 3kAgain, if we skip any thoughts of summer and a big drop to 800 USD per ETH, then we can look forward to a price around 2800 USD soon, then summer may come and the price of mine will drop, or we will skip it towards 9500 USD per ETH, let us be surprised , don't take any of my predictions seriously without your own TA and most of all enjoy your head with SL. I wish you safe trading.
I can always be 99% wrong, the wave is there for fun, we will have a massacre of manipulation, artificial volume, etc... it will be fun as always
Eth buying setup its might be a risky one i am not that much shore the price will come to our entry point but i am worried due Eth upgrade. the investors are getting there EThs it might create some fear in those investors heart when the see Eth price down by 3 percent so may be in FOMO they start selling and we may see a massive dump and we will hit our stop loss. that's why stop loss should be used at such kind of trades
etherum time zone The live Ethereum price today is HKEX:2 102,32 USD with a 24-hour trading volume of HKEX:10 668 026 808 USD. We update our ETH to USD price in real-time. Ethereum is down ,14% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of HKEX:252 509 096 548 USD. It has a circulating supply of 120 109 686 ETH coins and the max. supply is not available.
If you would like to know where to buy Ethereum at the current rate, the top cryptocurrency exchanges for trading in Ethereum stock are currently Binance, OKX, Deepcoin, Bybit, and CoinW. You can find others listed on our crypto exchanges page.