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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
The Ethereum Ecosystem: A Look into the Leading InnovatorsThe Ethereum Foundation, a Swiss non-profit organization created in 2014, aims to promote and support research, development, and education on the Ethereum platform. With a treasury of around 336,000 ETH, the foundation regularly awards grants to projects that make a significant contribution to the development of the Ethereum ecosystem. In 2021 alone, they allocated $26.9 million to 136 projects! 🔥👀 ConsenSys, a leading software development company, builds decentralized solutions on the Ethereum blockchain. With over 2,000 corporate clients and partners worldwide, ConsenSys collaborates with giants such as AWS, Microsoft, EY, WWF, P&G, and Hitachi. Their flagship product, MetaMask, is the largest non-custodial wallet for storing and managing crypto assets, with more than 30 million active users. ConsenSys invests its own funds in crypto assets within the Ethereum ecosystem and manages a corporate venture fund to support young projects. 💼💰 The Enterprise Ethereum Alliance, a non-profit consortium established in 2017, aims to provide organizations with the opportunity to implement and use Ethereum technology in their day-to-day business operations. The EEA connects Fortune 500 companies such as Microsoft, Intel, and JP Morgan with Ethereum experts, startups, and academic circles. Ethereum is the largest programmable blockchain in the world, leading in business, developer community, and DeFi activity. 🌐💻💰 With a strong management team in the form of the Ethereum Foundation actively working on improving the Ethereum blockchain, the future of Ethereum and its ecosystem looks brighter than ever. 🚀👨‍💼 Ethereum's Transition to PoS Reduces Energy Consumption by 99.95%! In September 2022, Ethereum successfully transitioned from PoW to PoS, resulting in a 99.95% reduction in energy consumption and alleviating environmental concerns. Additionally, block rewards decreased by nearly 90%, significantly lowering ETH inflation. As of 2022, the number of validators in the Ethereum network has grown by 79%, reaching 495,252. The amount of assets staked has exceeded 15.85 million ETH, with an inflow of around 7 million coins in 2022 alone. Currently, Ethereum is transitioning from a monolithic structure where all transactions are processed at layer 1 to a modular model. More and more decentralized applications are launching on layer 2 networks like Arbitrum, Optimism, Polygon, and others, solving the problem of expensive and slow transfers on the Ethereum blockchain. Many blockchains like Hedera, Celo, Avalanche, Binance Smart Chain, and Filecoin, which have been in existence for several years, are betting on compatibility with the Ethereum Virtual Machine (EVM). According to Hedera's report, "research shows that EVM is the default starting point for new Web3 developers." It is highly likely that the future of blockchain will resemble other operating systems like Windows and Android, with one dominant ecosystem and one or two secondary ones, rather than a fragmented market of many different chains. The older Ethereum becomes, the harder it is to displace from the market. In other news, Ethereum currently has around 122.4 million coins in circulation, with an inflationary model where new coins are emitted daily. Previously, when the network used the PoW consensus algorithm, mining produced around 13,000 ETH per day. Since transitioning to PoS in September 2022, the emission of new coins has been reduced by almost 90% to 1600 ETH per day. Despite this, EIP-1559 is still in effect, which means that a portion of ETH coins are burned daily (referring to network fees on Ethereum). If the average gas price in the Ethereum network exceeds 16 gwei per day, more than 1600 ETH will be burned, leading to deflation of the asset. Ethereum is set to undergo some major changes in 2023. Here's what you need to know: 🔥 Keep up with the daily burning and changing of ETH coins on this resource. 💻 The Shanghai hard fork is expected to take place in March 2023 and will allow for the withdrawal of ETH from staking. 💰 The implementation of EIP-4844 in 2023 will drastically reduce transaction processing costs in second-layer solutions such as Optimism and Arbitrum by 10-100 times, opening the door to non-financial transactions in gaming, social media, and other industries. 🔥 Deflation may be in the cards for Ethereum as the total number of ETH coins in circulation may decrease by 1% in 2023 due to the swift growth of Layer-2 solutions like Arbitrum, Optimism, and Polygon. 📈 The number of unique addresses in the Ethereum network is growing rapidly year over year. 💻 After the Shanghai hard fork is implemented, staking ETH coins will become more accessible. Currently, only 13% of ETH coins are locked in staking, whereas in other PoS networks, this figure reaches 60%. With the growth of staked coins, the market supply of ETH will decrease. 💰 2023 will be the first year in which the number of ETH coins in circulation will either remain practically unchanged or decrease (deflation). 🚀 Stay tuned for more information and analysis on these exciting developments!
BITSTAMP:ETHUSDLong
by UnknownUnicorn285026
14
Ethereum Enron 2.0? Can anyone explain how this works? Somewhat confused here, I come from a traditional finance background TradFi if you wish, I decided to do some research on Ethereum as its in the talk next to Bitcoin . What I discovered this Ethereum is a mix between Enron and WorldCom and completely useless. Correct me if I'm wrong. 1. Ethereum is no longer PoW meaning there is no energy to create or maintain the network. 2. The only value I have seen on Ethereum making it relevant and keeping the structure going is stable coins that are ultimately after Bitcoin . 3. Ethereum developers who clearly cannot do math but they can code have create a collapse scenario for Ethereum . Only posting this is I noticed people wondering why are my Ethereum tokens locked in something called the Merge?.. . Well think about it, Tether and USDC don't need Ethereum , Ethereum needs them, Ethereum developers bright idea? add a APY / Yield for staking Ethereum . This yield goes up the less Eth are staked and the more are sold, this is creating a government issued bond but there's no country backing Ethereum . The thought process is institutions and banks will plug into Eth to do transactions when in reality they're laughing at the Ethereum community. Institutions will create their own network to transact to Bitcoin , they're never going to opt into a network that they have to pay for a token? to transact stable coins? What you're going to see is Bitcoin rise Ethereum fall, more Ethereum users run to unstake the Yield will rise creating more Ethereum > causing more people to unstake > more selling Ethereum . Like its not even like we did not just go through something similar collapsing. Have listen to a few Ethereum developer calls and I'm wondering do you even understand what you just created? probably not because none of these people have any clue about finance. You can actually already start to see a deflationary death spiral before the coins locked have even been unlocked?
BITSTAMP:ETHUSD
by FederalXBT
ETH to drop hard?Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Ethereum broke down this triangle📐 and I think there is chance for run to 973 and even lower. Setting SELL LIMIT order to previous range low @ 1233 to catch🎣 the pullback. The low @ 1172 is going to be critical, bulls do need to defend this level if they want to spoil the bears' party. ENTRY : 1233 STOPLOSS (SL) : 1292 TARGET (TP) : height of the triangle projected from midpoint of the previous range (pink line in the middle) @ 973 REWARD RISK RATIO (RRR) : 4.4 INVALIDATION : when STOPLOSS level hit Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
BITSTAMP:ETHUSDShort
by bizmark
20
Ethereum - Short term relief drags onEthereum is approaching the sloping resistance after the period of sideways-moving price action. The breakout above the resistance will be bullish for the short term. However, we do remain bearish beyond that and maintain our price targets of 1 000 USD and 900 USD. Our reasoning is based on the fact that the FED will continue to pursue economic tightening, predestining the current rally to fall. In addition to that, our view is also supported by the ongoing global recession and geopolitical turmoil leading to problems on all economic fronts. Therefore, we voice a word of caution to market participants as we do not believe the market has bottomed out and the primary trend has reversed. With that being said, we will pay close attention to the FED meeting next week. Illustration 1.01 Illustration 1.01 shows the daily chart of ETHUSD and the downward-sloping channel. The price is approaching the upper bound of the channel, the sloping resistance. If the breakout above it occurs, we will pay close attention to the volume and if it will be sufficient to propel the price higher. Technical analysis - daily time frame RSI and Stochastic are bullish. MACD is also bullish; if it breaks above 0 points, it will further bolster the bullish case in the short term. DM+ and DM- are bearish. Overall, the daily time frame is slightly bullish, while the breakout below the short-term support will be bearish. Illustration 1.02 The picture above shows the daily chart of ETHUSD and simple support/resistance levels. The breakout above the short-term resistance will be bullish. Technical analysis - weekly time frame RSI is neutral. Stochastic is bearish. MACD points to the upside but stays in the bearish zone. DM+ and DM- are bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:ETHUSDShort
by Tradersweekly
23
Ethereum - No reason to change the stance Ethereum continues to trade within a range, not supporting bullish calls about the market bottom and primary trend reversal. Indeed, we believe this recent lack of appetite among investors to prop up the price higher highlights what we have been reiterating for a while now. Therefore, we have very little to update about our stance on this cryptocurrency (as much of what we said about Bitcoin over the past few days also applies to ETHUSD). We remain bearish and maintain our price targets of 1000 USD and 900 USD. Illustration 1.01 The illustration above shows the daily chart of ETHUSD and simple support/resistance levels. Technical analysis - daily time frame RSI is neutral. Stochastic strives to reverse. MACD points to the upside but stays in the bearish area. DM+ and DM- are bearish. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI is neutral. Stochastic is bearish. MACD flattens. DM+ and DM- are bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:ETHUSDShort
by Tradersweekly
27
Ethereum - No significant changesEthereum continues to trade sideways like the rest of the cryptocurrency market. Because of no significant changes in fundamental and technical factors, we stay committed to our bearish view. Accordingly, we stick to the price target of 1 000 USD and 900 USD. We expect these price targets to be reached by the end of 2022. Indeed, we think it is possible the price will drift much lower below our price targets; however, we will update our thoughts on that as the downtrend progresses further. Illustration 1.01 Illustration 1.01 displays the daily chart of ETHUSD and simple support and resistance levels. At the moment, we will pay close attention to the immediate support/resistance and price. The breakout to the upside will be bullish, while the failure of price to break above the resistance will be bearish. Technical analysis - daily time frame RSI is neutral. MACD is neutral and Stochastic points to the upside. DM+ and DM- are bearish. Overall, the daily time frame is neutral. Illustration 1.02 Illustration 1.02 portrays the weekly chart of ETHUSD and two simple moving averages. The constellation of these moving averages support our bearish thesis. Indeed, retracements toward them acted as corrections of the downtred - just how we outlined prior to the these developments. Technical analysis - weekly time frame RSI is neutral. MACD is neutral and Stochastic is bearish. DM+ and DM- are bearish. Overall, the daily time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:ETHUSDShort
by Tradersweekly
30
ETH decision point*log scale* ETHEREUM ran into major downtrendline resistance (red, see the picture below)... ...and then dropped to the support confluence (cyan area created by lime and white uptrendlines). We are approaching the apex of triangle📐 created by lime uptrendline and red major downtrendline so the decision point is coming. If the cyan area support doesn't hold, we could see price spilling to the yellow channel upper edge near 1300. On the other hand if there is break of the red major downtrenline to the upside, bulls are in charge. Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
BITSTAMP:ETHUSD
by bizmark
2
Ethereum step-by-step analysisHello everyone. In this analysis, I'd like to review several essential charts regarding Ethereum and discuss its potential future price action. The first chart is the one above, showing how ETHUSD formed a triple top that has now been broken. We don't know whether this is a proper SFP and will lead to lower prices; however, we need to be aware that it could. The market currently looks pretty strong, but the double bottom at 1000$ will most likely be broken at some point. Based on the main chart and the gaps above, there are several targets for ETH to test eventually. The area from 1300$ to 1500$ is considered resistance, with the most apparent target being 1425$. Personally prefer key breakdown levels that haven't been retested, as they usually end up being retested at some point and tend to act either as support or resistance. Gaps are also fascinating and can be seen as little magnets that tend to pull the price towards them, as they also tend to get filled at some point. On this occasion, I can see the first colossal gap being partially filled and then the price falling, with the gap at 2670 being the ultimate target in case the bottom is in or in case we get a massive bear market rally. Ethereum put in a very interesting bottom, as it swept the Jan 2021 lows and bounced at the 300 Weekly Moving average. The combination of the two is more than enough for the market to rally significantly. This was the first time it hit the 300 WMA, while Bitcoin has only touched it once during the March 2020 crash bottom. The market is currently chopping around the 200 WMA and somewhat looks like it is in accumulation mode. However, I don't believe the final bottom is in, and this is just a dead cat bounce. Now the question is how big the bounce will be, and the truth is that I have no idea. Something else worth noting is that ETH swept the Jan 2021 low when CME was closed, and the price tends to trade again at levels that it traded at when CME was closed. On CME, a triple bottom / pure double bottom has formed, something that is relatively bearish as the price could eventually break it. It looks like the market has no real support down to 430$, and the solid support starts from 250$ and goes up to 430$. As you can see on the chart above, 1420$ also happens to be the Jan 2017 ATH and the weekly close before the parabolic rally in Q1-Q2 2021. Based on this last chart, believing that the bottom is in, given how oversold the market got, makes a lot of sense. Essentially we got as oversold as we did back at the bottom of the 2018 bear market, after 11 straight red candles, with the Tom Demark indicator bottoming on a TD 9, an A13, and S13. Therefore it is no surprise that the market is bouncing here. Usually, after such a perfect combination of oversold signals, the price tends to go up or sideways for 1-4 candles; this time, it could do that for longer. For a very long time, I expected ETHBTC to retest 0.052, and it finally did so. Initially, it dipped slightly lower but quickly closed above it and has now even reclaimed the May-July 2021 lows. I can easily see this ratio going up to 0.066 to retest the critical breakdown zone and the Yearly Pivot. Afterward, I expect it to trade lower and head towards 0.04 and the original long-term trend. 0.04 could be seen as the neckline of a massive inverse head and shoulders pattern that broke to the upside in 2021, and the 200 WMA is right into that critical zone; therefore, a retest would make a lot of sense. At the moment, ETHBTC's trend is relatively neutral, and someone could claim that the range that started forming in May 2021 is bullish; however, I believe that it was more like distribution rather than re-accumulation. Ethereum's fundamentals are solid, yet this doesn't change the fact that it could head lower vs. BTC either because the market dumps hard or there is a catalyst that takes BTC higher.
COINBASE:ETHUSD
by BitcoinMacro
ETH at the crossroads❌Ethereum just dropped to strong support level 2780-2650. It's confluence of trendlines and market structure. Let's see if it holds. If not another support is 2050-1950. ETHBTC also at long-term uptrendline support. I rather expect bounce than breakdown. Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
BITSTAMP:ETHUSDLong
by bizmark
6