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ETHUSDC

Suspicions of an Ethereum correction.Hello everyone. I suspect that Ethereum might correct to the $2,800-$3,000 range. The drop could be around ±20%. Market makers might want to execute one last shakeout of long traders before initiating alt season and a bullish run. Don't forget about projects like Hamster Kombat, which could bring 100-200 million people to crypto exchanges (rumor has it the token listing has been postponed to August 18, 2024). #eth #ethereum
Short
by UnknownUnicorn285026
Ethereum (ETH)After huge pumps in crypto market we will have a little correction Ethereum price today is $1.6k with a 24-hour trading volume of 14.4 billion dollars on June we had a crazy Volume for eth and whales buys the dip which is a very good sign for eth price in future Eth under 1k is a most buy and 1k-2k is a dip for eth, as you can see in weekly time frame eth trys to make a W pattern an bulls try to back at 1900$ 2000, 2500, 3500 and 4500$ are the most important resistance for Eth and huge opportunity for scalper traders
Long
by moonypto
6
The decline of Ethereum is not yet complete.Many are already disappointed by the recent sharp drop in cryptocurrencies. The decline is not yet over! Even before all the drops, I showed orders on Coinbase around $1,800. The targets for Ethereum are $1,800-$2,150, from where it makes sense to look for entry points to buy Ethereum, Optimism, Arbitrum, Starknet, zkSync, and other altcoins. I think the sideways accumulation might last about a month. Thoughts on the film: 🎬 Ethereum — On July 23, the trailer for the documentary "Vitalik: An Ethereum Story" about Vitalik Buterin will be released. The film has been in the works for over 3 years. The theatrical release is scheduled for fall 2024, and the biography will appear on streaming platforms in winter. ➖ It's fascinating how everything is unfolding: the final decision on the Ethereum ETF for BlackRock is on August 7, the documentary about Vitalik Buterin is coming out 🤠🤠🤠, and all major projects are postponing their listings to October 2024. ➖ It seems that the big exchanges and market makers have given the signal that it's too early to list; first, they need to pump the market up. ➖ Expect further cryptocurrency declines in July, and start looking for entry points into Ethereum at prices between $1,800-$2,150. During the same period, look for entry points into Ethereum's L2 solutions, namely Arbitrum, Optimism, Starknet, and zkSync. #ethereum #arbitrum #optimism #starknet #zksync
Short
by UnknownUnicorn285026
ETH LONG TERM IDEAHello, We have exciting news and insights to share with you! With the potential approval of the Ethereum Spot ETF, we foresee significant movements in Ethereum’s price over the long term. Our detailed analysis and forecast are illustrated in the attached chart, providing you with a clear vision of what might be ahead. Ethereum Long-Term Price Outlook Current Situation: As of now, Ethereum is trading around the $3,900 mark. The market has shown resilience, and with the anticipation of the Ethereum Spot ETF approval, we expect significant bullish momentum. Key Levels to Watch: Based on our analysis, here are the critical price levels to keep an eye on: • $4,396.48: This is our first major resistance level. Breaking through this could set the stage for further upward movement. • $4,819.93: The next resistance level, which could be a crucial point for Ethereum’s medium-term growth. • $5,374.45: Breaking past this level could signify strong bullish sentiment, potentially driving prices even higher. • $6,070.12: This level represents a significant milestone, indicating a strong upward trend. • $6,443.16: Our long-term target, which we believe Ethereum could reach following the positive momentum from the ETF approval. Technical Insights: The attached chart shows Ethereum’s price action and key resistance levels. The descending trendline that Ethereum has been facing is a critical barrier. Breaking through this trendline with strong volume and support from the ETF news could propel Ethereum to new heights. Why This Matters: 1. Institutional Adoption: The approval of the Ethereum Spot ETF would signal increased institutional interest and confidence in Ethereum, likely driving more investment and adoption. 2. Market Sentiment: A positive decision from the SEC can boost overall market sentiment, not just for Ethereum but for the entire crypto market. 3. Long-Term Growth: With increased institutional participation, we could see sustained growth and stability in Ethereum’s price, making it a valuable addition to any investment portfolio. We recommend keeping a close watch on the market and these key levels. As always, our team at CryptoSignalAPP is here to provide you with the latest insights and updates to help you navigate the crypto market effectively. Stay ahead of the curve and make informed decisions with CryptoSignalAPP! Best regards
Long
by CryptoSignalAPP
Ethereum potential -85% vs BTC price (Triangle has broken) 8 YRS I still watch this pair every day even though I dislike the entire Ethereum ecosystem. But we have seen the triangle pattern wick down indicating strength is dropping by too much from the BTC price flows, this pattern has been forming since 2016 that is 8 years!. And please not this is before the Spot ETF flows has commenced, I don't really see a way Ethereum can recover from this if it starts to accelerate. There's no easy way to safely short the ETH/BTC and again there's more profit on the Bitcoin long side that inherently will decay the ETH/BTC pair. And also I still know the Ethereum community is as fragile as francium-223 meaning it won't take much for the Ethereum experts to capitulate back into Bitcoin.
by FederalXBT
A Word Of Caution For Ethereum ETH/BTC Great spot for a very small speculation entry. Normally when price consolidates like this it is a balance between the demand / supply in the open market, problem is once it sways to one direction it will be violent. I still see the possibility that BTC hitting a supply shock to over $140,000 will destroy this pair harder than what happen with LTC/BTC. (note) Ethereum can still rise in price during this but if you don't price it in BTC you can't navigate if the value gain is flowing in from the top of the market or bottom. I wish this chart would do something. . . . Most of the volume from ETH is getting sucked into Solana because it does work faster, this has always been the problem with ETH for me is that it can easily be replaced, people want fast stable coin transfers regardless of the blockchain. But in the future if someone provides something better than Solana for USDT / USDC transfers, SOL again will be the victim of this trend. LTC early on for those who don't know was used as a proxy to transfer value exchange to exchange to trade BTC IMO it was the stable coin of the early days.
by FederalXBT
⚠️Ethereum(ETH) will Go Down at least ➖40%⚠️👋Hi, everyone. I hope you have a great weekend.🥳 📈Today, I am going to analyze Ethereum(ETH) for you; since more than 80% of the Tokens in the cryptocurrency market are on the Ethereum network , I hope this analysis will give you a good insight into investing in Ethereum(ETH)and other tokens . ✅Ethereum(ETH) reacts well to the 🔴 Heavy Resistance zone($2,520-$1,880) 🔴 and has taken a downward trend again in recent weeks . ☠️One of the reasons for the fall of Ethereum(ETH), in addition to hitting a 🔴 Heavy Resistance zone($2,520-$1,880) 🔴, is the DeathCross Signal . 📚☠️ Death Cross Signal ☠️: The death cross appears on a chart when an asset's short-term Moving Average(MA), usually the 50-day , crosses below its long-term moving average, usually the 200-day . 💡Also, if you look carefully at my chart, the Pitchfork lines also have a good effect on Ethereum(ETH), although in order not to make the chart busy, I refrained from drawing all the lines. 🌊According to the theory of Elliott waves , Ethereum(ETH) seems to be in a Super Cycle so that the main wave 3 ended at $4,868 and Ethereum(ETH) is currently completing the main corrective wave 4 . 🌊Considering that first microwave of the main wave 4 has 3 waves , it is a bit difficult to recognize the correction structure of the main wave 4, but most likely it will be a correction structure of the Double Three Correction(WXY) type. 🌊It seems that Ethereum(ETH) has completed microwave X of the main wave 4 in the 🔴 Heavy Resistance zone($2,520-$1,880) 🔴, which can be one of the signs of the ☠️ Death Cross Signal ☠️. Now, before concluding, let's take a look at the ETHBTC chart analysis, which gives us a good idea that if the cryptocurrency market falls or rises, Ethereum(ETH) will rise or fall more or less than Bitcoin(BTC)(About 4 months ago, I shared with you the analysis of ETHBTC which is running well✅).👇 💡The chart above👆 shows that it is likely that Ethereum(ETH) will start to rise again after entering the 🟢 Heavy Support zone(0.057 BTC-0.049 BTC) 🟢 and 🟡 Price Reversal Zone(PRZ) 🟡 will be less affected if Bitcoin(BTC) falls. 🔔As a result, I expect that the Ethereum(ETH), as I explained to you, will have a downward trend( ➖40% ) in the next 3-4 months and will begin to rise again, at least to the 🔴 Heavy Resistance zone($2,520-$1,880) 🔴 as it approaches the 🟢 Heavy Support zone($1,060-$744)🟢 , Support line and Pitchfork lines . 🔔So it's better to invest in Tokens that are on the Ethereum network and wait for Ethereum(ETH) to at least enter the 🟢 Heavy Support zone($1,060-$744)🟢 , maybe Altseason will start from this zone. 🙏In the end, I have to apologize for the fact that the chart is busy, but in my opinion, all the lines and indicators were needed for your better understanding of the analysis, and I also hope that this analysis has an 📚 educational 📚 aspect for you. ------------------------------------------------------------ I would be happy to share your opinion about Ethereum(ETH) for the mid and even long-term below this post. ------------------------------------------------------------ Ethereum Analyze (ETHUSDT), Weekly time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
42
Ethereum Institutional Play (majority control (consensus) I have been critical on Ethereum due to a terrible fee model, yield coming from nowhere, countless fraudulent ecosystems run on it. But Ethereum seems to be getting Spot ETF interest from institutions? they're not stupid and my only guess is they want majority control (consensus) over a network in the future and you cannot do this on Bitcoin. Just as Bitcoin looked bumpy in 2013 yet consolidated into a flawless model today, could it happen to Ethereum? possibly. Some of these patterns would indicate an Ethereum price north of $10,000 in 2024 I thought the major trend line would break but it has not neither has the ETH/BTC pair. Even though Ethereum is heavily centralized it looks like institutions want to turn it into a fintech company, but the chance Ethereum survives it will not look anything like it does today in the future. Blackrock taking majority ownership of Ethereum and running stable coins? something not out of question.
INDEX:ETHUSD
by FederalXBT
Ethereum Showing Extreme Weakness - Major Trend Break Just thought I would leave this here to see how it evolves as I don't look at Ethereum much besides the utility of stablecoins. In the past months Bitcoin has hit a macro bottom and completed a pretty good bounce roughly 90% indicating true accumulation + interest and this is before the Spot ETF's had been announced. Ethereum on the other hand had actually dropped under Bitcoins Macro bottom and had been trending to stay alive on the the line (Green) 56%. Compare BNBUSD we see the same picture indicating less and less interest in the native Eth token what could be some of the reasons? Many allocators interested in Bitcoin could only really use exchanges via bank transfer > stablecoin of your choice mainly USDT > Bitcoin, this means the majority of volume and price upkeep on the native Ethereum token is not based on its own unique ecosystem rather based on the Stable coins providing the only mode of transport. We see the decline of Ethereum's strength directly correlated with USDT, USDC, BUSD declining growth proving this theory including MSTR (MicroStrategy) offering one of the only alternatives to have exposure to Bitcoin. Where is this going where does it lead? Simply if the stable coin model fails to provide more and more liquidity to feed the BNB or Ethereum Chain the chains results to failing unless you can keep the native token price up. Spot Bitcoin ETF's and internal Fidelity trading platforms will render stablecoins needing to use blockchains like Ethereum, Solana, Binance Chain not needed. Paolo Ardoino (Tether CTO) explains this model very well, exchanges forcefully chose to not adopt Bitcoin Lightning Network due to basically no fee's and no native token, forcing Ethereum / BNB forces liquidity into L2 chains and staking funding exchanges to do more marketing. See if Spot ETF's come in and other exchanges like Coinbase, Bitfinex etc adopt Lightning Network the demand for stable coins on Ethereum / Binance Chain would free fall and its already starting. As the NFT / DeFi hype continues to decline leading exchanges will need to change their business model like firing thousands of employee's and adopting Lightning Network and eventually USDT, USDC will run on Lightning Network. Paolo Ardoino 🍐 Tweet twitter.com We will see over the months how this develops.
INDEX:BTCUSD
by FederalXBT
1
TRADE ALERT - LONG ETHEREUMTraders, We have what appears to be an inverse H&S pattern playing out. The right shoulder still has not completely formed, so this is admittedly an early entry and more risky. But with Bitcoin holding it's supports nicely for over a week among other positive indicators, I'll take my chances here. I bought at the 50 day ma for $1,837. The R/R is 3.37. Final shorter term target is at least 2313.70 (there is a much higher target for that Adam & Eve or some see a C&H pattern) at which point I may only sell half. Of course, I'll be raising my stops along the way. My SL will be some short distance below the 200 day ma. Best, Stew
COINBASE:ETHUSDLong
by stewdamus
Trade Alert - Take ProfitTraders, Admittedly, I may still be a bit skittish in this bear market. Maybe I am being too cautious? But with tomorrow's Shanghai upgrade on Ethereum happening tomorrow in which millions of Eth will be unlocked AND with this latest candle forming what could end up being a bearish shooting star, I am happy to take my profits here and wait it out. Closing this trade will bring out win streak to 14 in a row. Congrats to all those who have been following me in these recent trades! Stew
COINBASE:ETHUSD
by stewdamus