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Ethsignals

Bullish ☀️ Shines on ETH, Upside Potential For The Entire WeekThe deadline for the Securities and Exchange Commission (SEC) to decide whether to approve or reject eight spot Ether ETF applications on its table lapses in less than two months. However, there seems to be little contact with the concerned asset managers, contrary to last fall prior to the approval of the first nine spot Bitcoin ETFs in the US. “Re Eth ETF approval, we are holding the line at 25% odds altho tbh it is a very pessimistic 25%. The lack of engagement seems to be purposeful vs procrastination. No positive signs/intel anywhere you look. Personally hope they do approve it but it just ain't looking good,” Bloomberg’s ETF analyst, Eric Balchunas, said. The Chief Legal Officer of Grayscale, Craig Salm remains confident of their approval. “In the final months leading up to #Bitcoin ETF approval, @Grayscale and others received positive and constructive engagement from the SEC. We had thoughtful conversations and discussed the finer details of creation/redemption procedures, cash v. in-kind, APs, LPs, custody etc.” “All of these issues were figured out and are identical when comparing spot #Bitcoin to #Ethereum ETFs. The only difference is rather than the ETF holding bitcoin, it holds ether. So in many ways, the SEC already has engaged and issuers simply have less to engage on this time,” Salm added. The price of Ether fell 1.4 percent to $3,609 over the past 24 hours. Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with a bullish sun shining over Bitcoin and Ether. Bearish clouds, signaling downside risks, linger over Ripple’s XRP, Cardano and Binance Coin. The forecast is sunnier over a one-week horizon, with all cryptocurrencies covered by ATTMO likely to profit from upside potential, Ethereum included. Follow us for more crypto weather news and reports!
BITSTAMP:ETHUSDLong
by ATTMO
#ETHUSDT: Looking for a continuous bullish move up until $4500.BINANCE:ETHUSDT Price had left strong wick rejection and has show some strong bullish behaviour since last two days. We expecting ETH to hit a new record high which would be between $4500-$5000 which will be our final target before ETH make any major correction, use accurate risk management. There are two scenarios that can happen with ETH, if price decide to make any major correction before hitting 4500$ then the idea will be invalidated and we will update you all. Take this idea as secondary bias and always protect your capital. good luck and trade safe.
Long
by Setupsfx_
2
ETHUSDT - Up onlyThe current situation suggests a potential bullish trend for ETH/USDT. The fact that the MFI (Money Flow Index) on the weekly chart is at 82 indicates strong buying interest in the market. A high MFI value suggests that money is flowing into the asset, which could be indicative of a potential upward movement in price. Additionally, the RSI (Relative Strength Index) at 68 on the weekly chart is moderately bullish. While not in overbought territory (usually considered above 70), an RSI of 68 suggests that there is room for the price to continue its upward momentum. The RSI with a 58-period moving average (RSIMA58) may also be signaling a positive trend. If the RSI is above the 58-period moving average, it could imply that the recent price gains have been stronger than the losses. Taking these indicators into consideration, it's plausible to suggest that ETH/USDT may experience an upward movement from its current value of 2400 to a range of 3400 to 4600. However, it's crucial to approach such predictions with caution, as market conditions can change rapidly, and unforeseen events can impact price movements. It's recommended to conduct thorough research and consider multiple factors before making any financial decisions.
Long
by Bitcoinblockchainonline
Etherem to 4k without serious correction?As usual, BITSTAMP:ETHUSD tends to catch up with BITSTAMP:BTCUSD initially, as its price lags behind. However, after the leader experiences significant upward movements, Ethereum follows suit and often surpasses those gains. Technically, the price has been confined within a long upward accumulation channel. Once this channel was breached, the price accelerated to the upside. Currently, Ethereum is in a consolidating phase, and a new upward movement could be imminent. Considering the measured target for the long-term channel, we could anticipate a rise to around 4100. Switching to a shorter timeframe, we observe that after the volatile day on February 29th, dips in ETH are aggressively bought, resulting in new highs (unlike BTC). A break above the 3.5 zone should accelerate gains, with 3750 serving as the short-term target.
BITSTAMP:ETHUSDLong
by Mihai_Iacob
8
Ethereum- Important bullish breaks, but...My recent target of 3k for BITSTAMP:ETHUSD was not only reached but surpassed. However, more importantly, Ethereum managed to break above important levels in achieving this feat. The previous recent high at 2700 was breached, as well as the resistance of the ascending channel initiated back in June 2022. All of these are strong bullish signs. However, as in the case of BITSTAMP:BTCUSD , the recent upward move is overextended, and a correction seems highly probable at this moment. This normal correction could lead to a price drop to the 2700-2750 support level. However, if bulls are unable to maintain this zone intact, the situation becomes gloomy. These two false upward breaks could potentially reverse the price even down to 2200. In conclusion, a correction to 2700 is something normal and should not come as a surprise. However, a break below this level poses problems for bulls.
BITSTAMP:ETHUSD
by Mihai_Iacob
9
Ethereum- A probable 20% rise After reaching a peak above $2700 and experiencing a typical correction, BITSTAMP:ETHUSD performed well technically. It remained above the support levels between $2150-2200 and yesterday, it finally broke through the $2400 resistance. The current outlook for EthUsd is strongly bullish. As long as the price stays above the $2400 zone, we can anticipate a continuation of the upward trend with a target set at $3000. Moreover, such a trade would offer a risk-to-reward ratio of more than 1:3.
BITSTAMP:ETHUSDLong
by Mihai_Iacob
2
ETDUSD (W) is poised to approach the $30K in the near futureBINANCE:ETHUSD ETDUSD (W) is poised to approach the $30K in the near future ETDUSD (W) is poised to approach the $30K price threshold in the near future. The distinct bullish response within Fibonacci extension zone 1 ( GETTEX:29K -$32K) is evident. However, the sudden surge in price has activated a cautionary signal from the RSI indicator, suggesting a potential correction. RSI divergence has materialized, prompting a corrective response in the recent period. The recent uptrend lacks substantial volume, particularly observed within a candle featuring a prominent upper wick. Therefore, for holders of this digital currency, a prudent strategy involves establishing a secure stop-loss level to preserve existing profits and setting a take-profit target within the GETTEX:29K -$30K price range. For those observing from the sidelines, exercise caution, refrain from succumbing to FOMO during this period, and await signals from the impending correction.
BINANCE:ETHUSDLong
by VNSmartMoney
4
ETHUSD (D) may experience a decline to the $26K-$26.5KCOINBASE:ETHUSD ETHUSD may experience a decline to the $26K-$26.5K ETHUSD (D) may experience a decline to the price range of $26K-$26.5K. This assessment is grounded in the following observations: RSI divergence at both the peak and trough of the recent uptrend indicates a weakening bullish pressure relative to selling pressure. The non-breaking of the MA50 support on the initial attempt is a typical response but also suggests a reevaluation of the prevailing trend. The abrupt and notable decline, swiftly moving from the $26K price range to $22.4K, raises substantial concerns compared to the preceding ascent. Despite a robust price increase, recent volume has not demonstrated remarkable strength, highlighting the presence of numerous unsustainable FOMO factors. RSI resides in the overbought zone, signaling the potential for a price correction at this stage (yet to be confirmed as a trend reversal). The nearest price support zone lies within the range of $26K-$26.5K, presenting an opportune level for this corrective phase.
COINBASE:ETHUSDShort
by VNSmartMoney
3