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Ethreum

New high-potential play. Get in early?$BUBBLE just launched across Bybit, Gate.IO, HTX, MEXC and a bunch of other exchanges. Looking at it's litepaper: bubble.imaginaryones.com , it seems like a possible high-potential play for the next big gami-fi project, with already tons of credible Listed companies backing it and collaborating with it. A look at the charts: TGE: 14th May, 10:00 UTC. Price spiked to 0.06. - 1 hour after, price started to dip till 0.01 - A look at its open see saw that out of 8888 listed NFTs, 10% were not staked. As holders received token airdrops (101010 tokens per NFT), this TGE dip is expected from holders who are in to make a quick buck. - Post TGE, 90% NFTs remained staked - 15th May 02:00 UTC8, mini spike pushing the price up to form higher-lows, despite total market dip - By TA + Investors strength from $BUBBLE Litepaper, we should expect a gradually climb with market, follwed by a couple of pumps with their phased out partnership release over the next few months. *Do expect liquidity grabs from the minority pool of opportunist. Overall: Looking at potentially 2000% growth on investments to $0.2 by EOY, from the current $0.01
Long
by lesnermj
ETH/BTC Ratio Slumps 30% as Bitcoin Flexes Market MuscleThe Ethereum (ETH) to Bitcoin (BTC) ratio has been on a downward spiral, recently dipping to 0.046 – a level last witnessed in April 2021 and briefly revisited in April 2024. This significant decline underscores Ethereum's current challenges in maintaining its position against Bitcoin's ever-growing dominance within the cryptocurrency market. Over the past year, the ETHBTC pair has shed an unsettling 30% of its value. Year-to-date losses are also concerning, exceeding 11%. These figures paint a worrying picture for Ethereum, raising questions about its future trajectory and potential to dethrone Bitcoin as the leading cryptocurrency. Several factors are likely contributing to this trend: • Bitcoin's Narrative Strength: Bitcoin continues to hold a strong narrative as "digital gold," a scarce, hedge-like asset favored by institutional investors seeking a store of value. This perception fuels its price stability and market dominance, particularly during periods of economic uncertainty. • Ethereum's Inflationary Concerns: Unlike Bitcoin's capped supply, Ethereum's issuance is not limited. This "inflationary" model has caused anxieties among some investors, who worry about potential price dilution in the long run. • The Ethereum Merge Looms: The highly anticipated Ethereum merge, transitioning from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism, is still under development. Delays and uncertainties surrounding the merge's impact on Ethereum's scalability and efficiency might be keeping some investors on the sidelines. • Regulatory Landscape: Regulatory scrutiny surrounding the cryptocurrency market remains a concern. While clarity on regulations could benefit the entire industry in the long run, the current uncertainty might be discouraging some investors from entering the Ethereum market. • Alternative Layer 1 Blockchains: The emergence of alternative Layer 1 blockchains like Solana and Cardano offering faster transaction speeds and lower fees could be siphoning off some investor interest away from Ethereum. Is This the End for Ethereum? The current situation doesn't necessarily signal the end of Ethereum. It's crucial to remember that the cryptocurrency market is still young and highly volatile. Here are some reasons for optimism regarding Ethereum's future: • The Potential of DeFi: Ethereum remains the dominant platform for Decentralized Finance (DeFi) applications, a rapidly growing sector with immense potential to disrupt traditional financial services. Continued DeFi adoption could significantly boost Ethereum's utility and value. • The Merge's Promise: A successful merge to PoS could address scalability concerns and enhance Ethereum's environmental sustainability, potentially attracting more environmentally conscious investors. • Developer Ecosystem Strength: Ethereum boasts a robust and active developer ecosystem constantly innovating and building dApps (decentralized applications) on the platform. This strong developer base is a crucial asset for Ethereum's long-term growth. Looking Ahead: A Shifting Landscape The cryptocurrency market is constantly evolving, and the relationship between Bitcoin and Ethereum is likely to remain dynamic. While Bitcoin may retain its "digital gold" status for the foreseeable future, Ethereum's success will hinge on its ability to address scalability issues, deliver on the promises of the merge, and maintain its dominance in the DeFi space. Investors should carefully consider their risk tolerance and investment goals before making any decisions. Both Bitcoin and Ethereum represent high-risk, high-reward investment opportunities. A diversified portfolio across established and emerging cryptocurrencies might be a prudent approach for navigating the ever-changing digital asset landscape.
Short
by bryandowningqln
#ETH/USDT#ETH The price is moving in a bearish channel on the 12-hour frame and is sticking to it well There has been a good bounce from the lower channel limit. Some minor correction is expected before completing the rise We have a tendency to stabilize above the Moving Average 100 We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise Entry price is 3100 The first target is 3400 Second target 3670 Third goal 3990
Long
by CryptoAnalystSignal
1
Kendu Inuthis chart is pretty bullish and every can see no pump & dumps on chart this is purely organic. The Chads behind this project are relentless and it’s not just any memecoin or any Inu. it got some Og alpha of a 14B+ project behind pushing. This is retirement alpha. For the in-to-technical analysis, yall gotta ape in this community and shill hard. we are the community. That's a classic sideways wedge to printed bullflag It will follow by a mcduff pump and teacup raccoon
Long
by sugaranKing7
ETHEREUM - Price can reach resistance level in rising channelHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊 Recently price started to trades inside wedge, where it at once made a downward impulse to support line, breaking $3355 level. When price reached support line of wedge, ETH bounced up and some time traded near $3000 level, which coincided with support area. Later Ethereum reached resistance line of wedge again and then made a downward impulse, exiting from this pattern. Also, price broke $3000 level, but soon turned around and started to grow in the rising channel, where soon broke this level again. Now, I think Ethereum can bounce up from support line of a channel to $3355 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
ETHERUEM → ETH is ready for an upwardhello everyone... as you can see the coin hunted from both sides in this situation I am with the first hunted area so I am into the bullish trend for this coin. on the other hand, the price touched the bottom line of the channel and is starting an upward movement from there and rejected the breaking idea. ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
8
ETHUSD at a Crossroads: Long or Hold on Ethereum?`The Ethereum (ETH) price action against the US Dollar (USD) presents an interesting conundrum for traders. Recent price movements suggest a potential turning point, and the decision of whether to long (buy) or hold ETHUSD hinges on several key factors. Prior High as Support: A Bullish Signal? The current price of ETHUSD sits above a crucial support level – the prior high of around $2,915. This level acted as a resistance barrier in the past, but if breached and held as support, it can indicate a bullish reversal. In technical analysis, support levels are areas where buyers are likely to step in and prevent further price declines. A successful retest of this level strengthens the support and can signal a potential price upswing. The 200-Day SMA: A Long-Term Trend Indicator Another significant factor to consider is the 200-day Simple Moving Average (SMA). The 200-day SMA acts as a line of demarcation between a long-term uptrend and a downtrend. Currently, the 200-day SMA for ETHUSD sits around $3,100. If the price can break above this level and sustain it, it can be interpreted as a bullish sign, indicating a potential shift in the long-term trend. Deciding to Long or Hold: Weighing the Evidence While the prior high and the 200-day SMA suggest potential bullishness, there are reasons to be cautious before going long on ETHUSD. Here's a breakdown of the factors to consider: • Market Volatility: The cryptocurrency market is notoriously volatile. Recent price swings highlight this, making it challenging to predict future movements with certainty. • Macroeconomic Factors: Broader economic factors, such as interest rate hikes and inflation, can significantly impact the cryptocurrency market. Keeping an eye on these developments is crucial before making any trading decisions. • Technical Analysis: While the prior high and 200-day SMA offer insights, they shouldn't be the sole indicators. Utilize other technical indicators like Relative Strength Index (RSI) and Stochastic Oscillator to gauge price momentum and potential overbought or oversold conditions. Holding vs. Longing: A Strategic Approach Given the current market uncertainty, holding ETHUSD might be a more conservative approach. This allows you to observe how the price reacts around the support level and the 200-day SMA. Here are some additional considerations: • Dollar-Cost Averaging (DCA): DCA involves buying ETHUSD at regular intervals, regardless of the price. This strategy can help average out the cost per unit over time and potentially mitigate the risk associated with buying at a peak. • Stop-Loss Orders: Implementing stop-loss orders can help manage risk. A stop-loss order automatically sells your ETHUSD holdings if the price falls below a predefined level, limiting potential losses. Conclusion: Stay Informed and Adapt The decision to long or hold ETHUSD depends on your individual risk tolerance and trading strategy. By closely monitoring the price action around the prior high and the 200-day SMA, alongside broader market factors and technical indicators, you can make an informed decision. Remember, the cryptocurrency market is dynamic, so staying updated on news and adapting your strategy accordingly is crucial for success.
COINBASE:ETHUSDLong
by bryandowningqln
ETH target 4700 (perp)4h time frame - TP: $4616~$4890 SL: $2575 - ETH is creating a potential wedge structure, that hasn't been confirmed yet. A standard structure is made of 6 six touching points at least, it's not completed due to lack of one more point on the wedge top. Also, there are two paths if we consider it as a continuation patter, first is the green one, that leave $2817 as the last low and keep going up, second is the red path, which make another low to build a robust bottom before pumping. No matter what scenarios, they can reclaim $4800 in future if sustain continuation of the bull trend since $2171.
Long
by EthanTW
Analysis of BTC/USDT Weekly ChartThis analysis examines both the short-term and long-term trends for Bitcoin (BTC) against Tether (USDT) using the weekly chart. Short-Term Trend: Based on the current bearish sentiment, I believe there's a high possibility of BTC experiencing a further drop in the short term. A potential support level could be found around the intersection of the 21-week EMA (Exponential Moving Average) and the 38.20% Fibonacci retracement level (highlighted by the yellow circle on the chart). Long-Term Trend: Despite the short-term weakness, the overall trend remains bearish on the weekly timeframe. This is evidenced by the price being below major moving averages (10-week, 20-week, etc.) and the bearish Ichimoku Cloud... BUT Potential Long-Term Opportunity: If BTC finds support at the mentioned confluence zone (21-week EMA and 38.20% Fibonacci level), a potential long-term buying opportunity might emerge. In this scenario, the price could target a range between $80,000 minimum and potentially reach $100,000 initially, marking the completion of the third bullish wave. Additional Considerations: This analysis is based on technical indicators and should be combined with other factors like fundamental news and on-chain metrics for a more comprehensive understanding. Market conditions are dynamic, and these targets and support levels are estimates. Always practice proper risk management when trading. This version clarifies my analysis and it's just a possibility and not financial advice.
BYBIT:BTCUSD.P
by CryptoTraces
Ethereum's Uphill Battle: Can Bulls Reclaim Lost Ground? Ethereum (ETH), the world's second-largest cryptocurrency by market capitalization, recently experienced a rollercoaster ride, briefly surging above $3,300 before encountering a sharp decline. This price action has left many investors wondering: can the bulls regain control and propel ETH back towards its previous highs? A Short-Lived Rally Followed by a Relentless Downturn The initial rally saw ETH break past the $3,300 barrier, a level that had previously acted as resistance. This positive momentum fueled optimism amongst bulls, who anticipated a potential continuation of the uptrend. However, their hopes were dashed as the bears re-emerged, triggering a swift reversal. The price plunged below not only the $3,300 mark but also the 100-hourly Simple Moving Average (SMA), a technical indicator often used to gauge momentum. This breach suggests a potential shift in market sentiment, with sellers regaining dominance. Technical Indicators Paint a Bleak Picture Adding to the bearish concerns is the break below a crucial bullish trend line on the hourly chart. This trend line had previously provided support for ETH's price, and its violation indicates a potential weakening in the uptrend. Furthermore, if ETH fails to hold the current support level around $3,165, the decline could continue downwards. This additional technical hurdle creates a significant obstacle for the bulls as they attempt to reverse the recent downtrend. Where Do We Go From Here? The near-term future of Ethereum remains shrouded in uncertainty. Several factors will influence its price trajectory in the coming days and weeks. 1. Market Sentiment: The overall sentiment in the cryptocurrency market plays a significant role in determining individual coin prices. If broader market sentiment remains bearish, it will likely put further downward pressure on ETH. Conversely, a shift towards optimism could trigger a renewed buying spree, propelling ETH upwards. 2. Bitcoin's Influence: As the leading cryptocurrency, Bitcoin (BTC) often exerts a strong influence on the price movements of other digital assets, including ETH. If BTC experiences a significant price swing, it can have a ripple effect on ETH, potentially amplifying its own price movements. 3. News and Events: Upcoming events or major news announcements related to the Ethereum ecosystem can also impact its price. For instance, successful protocol upgrades or positive developments within the decentralized finance (DeFi) space built on Ethereum could boost investor confidence and drive prices higher. Can the Bulls Stage a Comeback? While the current technical indicators suggest a bearish outlook, it's too early to write off the Ethereum bulls entirely. Here are some reasons why they might still mount a successful comeback: 1. Strong Underlying Fundamentals: The Ethereum network continues to see steady growth in terms of user activity, transaction volume, and the number of decentralized applications (dApps) being built on its platform. These strong fundamentals could provide long-term support for ETH's price, even amidst short-term volatility. 2. Potential for Renewed Investor Interest: Despite the recent pullback, Ethereum remains a highly attractive asset for many investors due to its established position within the blockchain industry and its potential for future growth. Renewed buying pressure from institutional investors or retail traders could spark a price reversal. 3. The Merge: The highly anticipated Ethereum Merge, which will transition the network from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism, could be a significant catalyst for price growth. The increased efficiency and scalability promised by the Merge could attract more users and developers to the Ethereum ecosystem, boosting its overall value proposition. Conclusion: A Careful Balancing Act The battle for Ethereum's price is far from over. While the bulls face an uphill battle in the short term, the long-term outlook for ETH remains promising. Investors should closely monitor technical indicators, market sentiment, and upcoming events within the Ethereum ecosystem to make informed decisions. As with any investment in the volatile cryptocurrency market, a cautious and well-researched approach is crucial.
BITSTAMP:ETHUSDLong
by bryandowningqln
2