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Ethmerge

Ethereum - The Hard RealityUnder normal circumstances, with the Ethereum Proof of Work merge being less than three weeks away, you could regard a swing like $2,000 --> $1,500 as a buying opportunity. However, you should always remember that today, crypto, especially both Ethereum and Bitcoin, have futures contracts and ETFs (The TSX has an Ethereum ETF) being traded by major Wall Street players. Because the overall markets are in stage one of deflating a major 20%+ bear rally, and everything is currently set up to begin a descent to retest the COVID-era lows, your digital currencies that you hold in such prized regard will be follow the tides, as will all commodities, such as silver, natural gas, oil, etc. In my opinion, BTC actually ate a Bump and Run Reversal on its second trip to $60k, which coincided with some major US Bitcoin ETFs launching. The land that lies ahead for BTC is a trip to $15,000 and $12,000, and it will never be particularly bullish again. It will always be a laggard in the market from here on out. BTC will kind of become Ethereum's Bitcoin Cash, even though it will be worth more per coin, it will trade in this clumsy and heavy and slow pattern that isn't very useful to anyone, a lot like trading gold futures, except worse. Instead, I called in July that Ethereum will actually undergo a proper "Flippening," the kind of which ETH bulls have been waiting for, to occur as the rest of the market dies. You still won't see 1 ETH > 1 BTC, because there's 8x as many ETH as there are BTC, and all of this is still a simple function of market capitalization. This is the purpose of the PoW Merge: to lay groundwork in conditioning public acceptance, especially among young people, of the coming smart-contract enabled, censorship-equipped Central Bank Digital Currencies. The results of which will mean your "money" is censored by the state as has been done under the Chinese Communist Party for more than a decade. A reality of CBDC smart contracts is that disbursed "money" works more like coupons or food stamps. For example, in Ukraine, their Diia CBDC app handed out digital currency in exchange for complying with edicts like Coronavirus Disease 2019 vaccine acceptance. But the "money" couldn't be spent on whatever you wanted. Instead, it is communist command economy stuff, such as only being able to purchase books printed by state-approved printing houses. CBDCs are not something to look forward to, just like communism will ruin your soul's futures and isn't going to save you. But a lot of you will think all of this is "progress," until the reality of living under the evil Party is demonstrated through its jackboots on the back of your head while you're face down in blood covered snow one cold and dark winter day. But the reality of ETH going to $4,200 for a "Flippening" while the rest of the market corrects is that first you get a major shakeout. It's like dancing. To go forward, first, you go backwards. And the reality is, Ethereum is no longer in a bullish market phase. There's a lot of unfinished business Ethereum has in the three digit range, and it's a range that a lot of people will panic sell in or sell because the rest of the markets are going down and they need to cover margin, which is calling. For the patient, it gives you quite a buying opportunity. But if you're using leverage, you really have to be extremely careful under the $880 lows. The MMs will break your neck, and it will happen very suddenly. But whoever gets long, you should know that when Ethereum prints $4,000-$5,000 again, it's not going to last and the Party is quickly going to come to an end, because central banks are never going to allow a pseudo-decentralized anything to operate in their space as anything more than a heavy second fiddle. You shouldn't have faith in digital currencies. You should have faith in mankind's traditions and our traditional money systems. Buy metals, but don't put all your fiat into them, and hold for the long term, because mankind will return to its traditional and Divinely-given way of life. One day that isn't very far away, computers will be depreciated and you'll need real goods and services to trade for real goods and services again. And then, everyone will actually be happy. It will happen in this lifetime. It will happen very, very soon.
GEMINI:ETHUSD
by LordWrymouth
1
Ethereum: Support and Resistance Lines and AreasHello friends, today you can review the technical analysis idea on a 1W linear scale chart for Ethereum (ETHUSD). Ethereum Merge is complete and now the price seems to be falling. I have noted all the major support and resistance lines and areas to keep an eye on. If price falls below the Support Line 2 (look in the chart), Ethereum price may have a significant fall down. 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! #cryptopickk
BITSTAMP:ETHUSD
by MillionaireEconomics
4
$ETHEREUM - Do or Die !!Hello my Fellow TraderZ, Yesterday we had a big event in the world of #CRYPTO. Say the Queen of #Crypto - $ETHEREUM was shifted from the Proof-of-Work to Proof-of-Stake. This is itself a big news for $ETH as in future this will make $ETH more scarce. Many were eyeing on the value Post Merge and it was expected that price would see a sharp rise or atleast lead to the previous local High, but nothing happened rather price decided to visit South. Now price is near the Confluence Zone(Yellow Circle) and I m expecting a bounce here. Funding Rate is decreasing which means more and more late SHORTS are opened which could be #SQUEEZED
by TRADER-GOKU
1
The Merge Breakdown ETH 2.0 is here! Yesterday, at around 3AM EST, Ethereum’s long-awaited transition from Proof-of-Work to Proof-of-Stake took place. Prior to the event, many were left wondering what the impact of this important occurrence would be on the market. Would a successful merge lead the way to a more bullish market outlook? Or would a failed merge lead to further capitulation and turmoil? At first glance, it appears the merge has been successful. This event will shift the Ethereum blockchain over to new Proof-of-Stake validator nodes which will require staking 32 ETH in order to become a validator on the network. For an investor, holding ETH is now more attractive due to the fact that it is now deflationary. This means that Ethereum is now the highest market capitalisation deflationary asset on the planet. The transfer off the legacy Proof-of-Work system is proposed to lead to around a 99% reduction in the energy consumption of the network. In short, this will make Ethereum much more efficient and allow for significant strides to be made towards crypto’s environmentally sustainable future. Additionally, with the current ESG narrative in investing, this improved efficiency could attract new institutional investors to the world of crypto who may previously have avoided the sector in order to maintain a green image. Another important implication of the merge is that the number of ETH tokens issued as block rewards will significantly reduce. Prior to the merge, around 13,000 Ether were mined each and every day. Now, this number will reduce to approximately 1,600 Ether per day. This is another bullish implication of the merge as there will be significantly less selling pressure on Ethereum from miners selling their rewards. From a technical perspective, it first appeared that the market already had this event priced in as in the first few hours post merge, we didn’t experience any significant volatility that many were expecting. On the daily timeframe, there was a clear example of a symmetrical triangle pattern. Bulls were eagerly watching this chart as a breakout above this triangle could have lit the way for new range highs. Many were expecting a breakout above this triangle as MA9 and looked poised to cross above MA50 which would have marked a strong buy signal. However, in the end, the bears got their way as the the triangle pattern broke down and we crashed into back below $1,500 causing MA9 and MA50 to diverge. Bulls will be hoping that we can get some respite towards the $1,400 – $1,450 support range. The reason for the drop is largely unknown however many speculators believe that it was caused by traders offloading the ETH they had previously bought to speculate on the fork. Another reason could be that the price was previously propped up by traders purchasing or borrowing extra ETH in order to claim extra Ethereum as we transitioned to Proof-of-Stake. Now, these traders are selling off this excess ETH causing prices to fall to the current lower demand level.
by Coinrule
$ETH - Rejected Once - Liquidity Below to Attack *SMT*In the 4 hour Time Frame there is a Breaker formation (Low, High, Lower Low) (Pictured here) which usually implicates Smart Money (Deep Pockets) have pressed the chart down so hard that it got retail traders to sell along with it. It get's to a price that is attractive enough for Smart Money to buy up a lot to run the price up. As it breaks the swing high Smart Money then sells to make a profit which causes the price to drop. The price drops to exactly 62% of the current wave which is where smart money would start buying again, however, there with the breaker to the left of the current price I see Ether moving possibly to the top of that breaker before creating a false sense of hopium as the real target is the multiple equal lows which is where there is a lot of manufactured liquidity (Pictured here 15 MIN CHART). (Where smart Money creates a "Support" line so that if it reaches thay line again it would trigger a lot of buying from retail traders. Instead, Smart Money knows this and will drive the price further down taking out the retail traders buying at the "Support" Line. As a Smart Money trader, I see Ethereum shorting near 1630-1670 Vand Drop down to at least 1550 but then could drop lower depending on much much liquidity Smart Money wants to go after. Just my thoughts. Good Luck and Happy Trading. P.S. Yes My Charts are Full of Rectangles as I mark Fair Value Gaps from Multiple Time Frames and Order Blocks. I do rthis because I notice a monthly fair value gap (Imbalance which price is attracted to) near $720-900. and It's possible it could get that low to fill that imbalance. But I'm just focused on the immediate right now COINBASE:ETHUSD
COINBASE:ETHUSDShort
by BodiesXWix
Merge TimeETH 2.0 is here! Today, at around 3AM EST, Ethereum’s long-awaited transition from Proof-of-Work to Proof-of-Stake took place. Prior to the event, many were left wondering what the impact of this important occurrence would be on the market. Would a successful merge lead the way to a more bullish market outlook? Or would a failed merge lead to further capitulation and turmoil? At first glance, it appears the merge has been successful. This event will shift the Ethereum blockchain over to new Proof-of-Stake validator nodes which will require staking 32 ETH in order to become a validator on the network. For an investor, holding ETH is now more attractive due to the fact that it is now deflationary. This means that Ethereum is now the highest market capitalisation deflationary asset on the planet. The transfer off the legacy Proof-of-Work system is proposed to lead to around a 99% reduction in the energy consumption of the network. In short, this will make Ethereum much more efficient and allow for significant strides to be made towards crypto’s environmentally sustainable future. Additionally, with the current ESG narrative in investing, this improved efficiency could attract new institutional investors to the world of crypto who may previously have avoided the sector in order to maintain a green image. Another important implication of the merge is that the number of ETH tokens issued as block rewards will significantly reduce. Prior to the merge, around 13,000 Ether were mined each and every day. Now, this number will reduce to approximately 1,600 Ether per day. This is another bullish implication of the merge as there will be significantly less selling pressure on Ethereum from miners selling their rewards. From a technical perspective, it appears the market already had this event priced in as in the last few hours we have not experienced any significant volatility that many were expecting. On the daily timeframe, there is a clear example of a symmetrical triangle pattern. Traders will be watching this chart closely as a breakout above this triangle could light the way to new range highs. Conversely, a break below this triangle could result in more pain and a return back towards the $1,400 - $1,450 support range. Another important thing to note is the convergence of MA9 and MA50 with a crossing potentially imminent. MA9 crossing above MA50 would be a bullish signal and provide support to the idea that a breakout above the triangle would be the more likely scenario. 
by Coinrule
How to trade the ETH merge event?Yes, sell the news event in my opinion. Here is why? - no, it's not like the Bitcoin halving. Actually, nobody knows what kind of event the merge will be, but this is why I prefer to be on the sell side - macro economic situation - "winter is coming" around the globe (especially in Europe) and this will bring for sure on of the biggest crisis of our time. Risk assets like crypto are a thing that people won't need Will the short appear immediately after the merge? No. - the market sentiment is too bearish right now and this is a great moment for a squeeze. 1800-1900$ is still a good resistance box, where you can place your shorts. - the market doesn't do what everyone expects. That's why - first pump, then dump Targets? - well, I think that 3-digits prices are not far away from us and will be a life-changing opportunity for a big spot buy
Short
by HAVEcrypto
$ETH will dropJust my opinion but from what I see, the price of ETH will drop in the next few days, let's remember that we are less than three days away from the eth merge; from what I see in many posts, this is something that has people in uncertainty about the price, some saying that the price will go up like foam, and some saying that the price will fall like a snowball, the reality is that nobody can know exactly where the price will move, but at least today I see a double top pattern (see 1hr chart), SSL Channel with a downtrend and MA21 crossing above the candlesticks. This is something very normal after a rise like the one we saw days ago, market rises like this don't continue their course, only the rises with fundamentals behind them are the ones that are maintained, we will see what the merge holds for the price of ETH.
BITSTAMP:ETHUSD
by icheeetah
Eth needs an Wave 4 and 5 for an impulse.Quite a lot of bearish confluence in this chart at the moment but bears will feel a lot better if 1500 pivot breaks and could assist with the Elliott Wave pattern here. But first, need to complete an impulse down. It has a 3 wave move at the moment so watching these levels to hold/break for clues. And then form a plan from there. Any questions, let me know, if this chart assists or inspires you please give a boost and follow, cheers.
COINBASE:ETHUSDShort
by CryptoKnee
$19,065 on September 18th? VIX Cheat sheetHello my dear trader friends, The VIX Cheat sheet indicator on tradingviews works when the bollinger bands indicator for "VIX" are at the very top. When this happens the VIX Cheat sheet indicator works at its finest. Now is the time that the bollinger bands are at the very top on the VIX chart. So when we use the VIX cheat sheet indicator on bitcoin we can see what percentage numbers of gain or loses will occur. As of right now it says the greatest loss that will happen over the next five days would be a 5.95% loss over the next five candles. This means that the greatest loss that could happen ending on September 18th would be Bitcoin going down to $19,065. The VIX cheat sheet indicator does say that over the next ten candles there will be a 1.34% increase in price. So if you take the price of what Bitcoin is right now ($20,265) and add 1.34% to it that would be $20,535. So this might possibly mean that we go down to $19,065 within five days and up to $20,535 within ten days. Please have a look for yourself and let me know what you think. Does anyone else use the VIX cheat sheet indicator? I am a student of trading and for a decade I have been learning old and new indicators. It is my passion.
Short
by Henrywaters
2
ETHUSDT - Buy the Rumor, SELL the News📈Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 As you will see in all crypto news, there are countdowns everywhere to the Ethereum Merge. As of right now, we're standing on 1 days 15 hrs 45 mins . (Estimated based on difficulty and hash rate). What ever your personal beliefs are about this merge, is irrelevant. The only thing to remember, is this old trading saying : Buy the rumor, sell the news. We can already confirm this on the charts by spotting a failed breakout at support zone $1670 , after the bearish head and shoulders pattern. A trade setup can be taken if the daily closes UNDER resistance. A Long could be considered if the daily closes ABOVE resistance, but I'm leaning towards the short setup. Here's my take on Bitcoin, and a free Chart Analysis masterclass in 7min on trendlines : _________________ Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow We thank you for your support ! CryptoCheck
Short
by CryptoCheck-
21
Ethereum ETHUSD Ahead Of The MergeThe Ethereum Merge is expected to be completed in less than 48 hours. While the Merge will bring a supply reduction that could positively impact ETH’s price in the long term, it’s possible that the Merge could become a “sell the news” event that leads to a selloff after the fact. However, the Ethereum price ETHUSD is showing some strength on the 30 mins chart after confirming am inverted head and shoulders with a minimum target of $1760 - $1770 resistance levels.
BITSTAMP:ETHUSDLong
by AlyaAkram