ETHBTC - DINAUSAURS HAVE ALSO DISAPPEARD....Weekly TF
My plan remain THE SAME. target is 0.04730 (0.414 fibo)
I didn't changed my POV on #ethereum !
1. #btc dominance will continue to push up till 58.69% at least
2. #eth dominance will drop to 13% - (16.8% sure)
#ethereum has suffered due to a prolonged promise of its transition to Ethereum 2.0, leading to the splitting of a developer team that opted for more scalable and cost-effective projects.
There has been an abundance of ICO's with funds, some of which have gone bankrupt (everyone will remember #tribe), not to mention scams, Ponzi schemes, and numerous repeated hacks.
Transaction fees remain high, turning the protocol into something purely speculative and less profitable. Unlike other projects that offer similar services for much lower costs, Ethereum has become less attractive.
In essence, whether Ethereum is priced at $8000 or $8 may not make a significant difference. don't you think ?
This market is a bubble that must explode. 2 millions of token is a lot
Dinosaurs have disappeared...
No need to draw you a picture to understand that we are below the VAL, below EMA 200, with the potential (ICE crunching). Below, it resembles the abysses.
So imagine #btc will correct by 25%... the expected Back Up (31k$-)...
I am not talking about #btc order book... forget about this...
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ETH going to loose performance against BTC?ETH could have bad times in longterm. depends how BTC will go up but if you still in ETH you will probably have less btc... if ETHBTC down trend confirm better you have BTC instead ETH. be aware of it. ETH still can go up in USDT if btc go up but will loose in performance.
Ordinals can be the big trigger for this.
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Eth/BtcEth BTC has a final target of 0.055-0.049 , this mean a devaluation of eth against bitcoin and it means a devaluation of alts against Btc also .
the target coincides with monthly fair value gaps , bottom of the channel , ichimoku levels and 6 months mother bar level .
this is not a financial advice
thank you
Ethereum & BNB on life Support
I have posted a chart back in May when I was seeing Ethereum & Binance Chain deteriorate, it looks like the final supports are being tested meaning once these are gone the foundation is completely gone.
The Ethereum supply has become inflationary due to the incentive to "Stake" Ethereum so the question is always true. Where does the Yield come from?. (New users staking Ethereum) meaning it takes no energy to create new Ethereum meaning the more its staked the more inflationary the more it becomes a house of cards before collapse.
BNB? Binance owns 70%+ of the supply its dead.
Ethereum ETF's? Yeah there's a reason they are getting little to NO volume smart money is not buying this Ethereum ecosystem either. My guess? is its there to SHORT Ethereum not Long it.
If I'm wrong in the future on Ethereum I will accept the loss. But my mind is set that Proof of Stake DOES not work. Its recreating central banking at hyperspeed.
$ETHBTC: Daily trend turning up?Interesting setup forming in Ethereum, BITSTAMP:ETHBTC had been bearish for a while since the monthly trend turned down in it...
Makes you wonder if the trend will reverse after this bottom pattern formed. We already had one big push with the ETF news, and the chart suggests a 2nd bullish swing is forming (short/mid term).
I do hold some exposure to it, but my largest crypto position is in BTC. I haven't had more ETH than BTC in a long time, probably not worth taking that risk in general, but reassuring for the % allocation I invested in it though.
Best of luck if you use this etup to buy Ethereum.
Cheers,
Ivan Labrie.
is $ETHBTC gonna make a double bottom?Ethereum BITSTAMP:ETHBTC is ready for another leg up and i think could make a double bottom patterns, and if it happens, Ethereum is most likely to out perform Bitcoin, which means alts season is about to begin.
this not a financial advice, please do your own research.
ETH.BTC Bullish DivergenceGood day Everyone,
I think according to this ETH.BTC chart we can see some bullish price action on alt coins, we also have a 4 hour bullish divergence as well as a 4 hours breakout from a downtrend with confirmations. The next few days i expect it to revisit .055-.058 for a retest.
ETHBTC.1DBased on the given market data, we can see that the ETH (Ethereum) is currently trading at 0.05368 against BTC (Bitcoin).
From a technical analysis perspective, the 4-hour Relative Strength Index (RSI) stands at 38.41, indicating that the asset is approaching the oversold territory. The Moving Average Convergence Divergence (MACD) on the 4-hour chart is at -0.000055, suggesting a bearish momentum.
The Bollinger Bands (BB) on the 4-hour chart is at 0.05577, with ETH trading below the middle band, indicating a bearish trend. The first, second, and third support levels on the 4-hour chart are at 0.052, 0.051, and 0.050, respectively, while the resistance levels are at 0.055, 0.057, and 0.058, respectively.
On the daily chart, the RSI stands at 45.34, which is a neutral position. The MACD on the daily chart is at -0.00008, suggesting a bearish momentum. The Bollinger Bands on the daily chart is at 0.057, with ETH trading below the middle band, indicating a bearish trend. The support levels are at 0.051, 0.049, and 0.048, while the resistance levels are at 0.060, 0.064, and 0.067.
The 7-day RSI is at 31.49, suggesting the asset is oversold and that a price increase may be imminent. The MACD on the 7-day chart is at -0.00317, suggesting a bearish trend. The Bollinger Bands on the 7-day chart is at 0.05234, with ETH trading below the middle band, indicating a bearish trend.
In conclusion, the market data suggests a bearish trend for Ethereum in the short term, but the oversold condition on the 7-day RSI could mean a potential price reversal. As always, it's crucial to consider other market factors and your risk tolerance before making investment decisions.
ETH/BTC Skyrockets!The above shows what happened right after the ETH Spot ETF news was announced. We had insane volume and a spike in under an hour, with Ethereum finally bouncing on the Bitcoin pair. It is naturally dropping now as traders absorb the news, but I think that we are finally seeing the reversal that I have been anticipating for so long.
ETH/BTC Catch up time?ETH/BTC chart broken down into some simple key areas. We've recently had a double bottom as ETH has lost strength against Bitcoin, however for me it is clear that if the breaker block is flipped after such a strong reaction from the double bottom ETH is on its way to reclaiming strength against BTC.
The next level of major resistance would be 0.0625 area. After BTC's huge move recently and other L1's like SOLANA and INJECTIVE etc ETH has had a lagging response in comparison.
With profits from BTC filtering down the next obvious place would be Ethereum before some sort of mini alt-season if that's possible at this stage. Coupled with the news that Blackrock have just registered an Ethereum trust in Delaware ETH looks very strong currently.