Ethereum bottomed?It appears that Ethereum's relative underperformance is about to end... The BITSTAMP:ETHBTC ratio is flashing a daily trend reversal signal, which could precede a series of continuation signals in the same general direction, which could imply the start of a recovery in altcoins vs Bitcoin. Overall, the risk is 4.11% from here, to swap some Bitcoin for Ethereum, as the signal is invalidated below 0.042 ( 42! ). I anticipate a turn around as ETHE outflows are dealt with and inflows into the new Ethereum ETFs start making a difference as more and more Wall St banks start pitching ETFs to wealthy clients following Morgan Stanley's financial advisors'. Best of luck! Cheers, Ivan Labrie.Longby IvanLabrie7
Potential ETH/BTC BottomYou can see the trendline on the chart, which has worked out many times, I think that ETH has one last capitulation left to go before the uptrend. We need to get to 60% dominance before ETH starts to rise to BTC.by ohueno338
ETHBTC has bottomed Of personal belief that ETHBTC has finally bottomed out and will outperform BTC for a while moving forward. ETH proxies like ETH based memes will benefit even more. Bullish Divergence on Weekly and 2Week Chart Golden Pocket Support. Sentiment in the toilet.. Time to reverse trend :)Longby TheTraderAndy2
ETHBTC decline acceleratingIf the price falls out of the channel, then the next real stop is around 0,023.Shortby ligand2
What's the nearest future for altcoins?This week, we'd like to take a local perspective through a look at BINANCE:ETHBTC significant drop last week (-7.63%). At the moment the movement is defined by three models. AMEXP model (green) is located on the weekly timeframe, where we are interested in two levels in the local perspective: 2 point level (0.05115) and 4 point level (0.04622)👇 On the daily timeframe, the current movement is described by the AMEXP model of June 27 (turquoise) and the EXP model of July 7 (yellow). In the turquoise model we are primarily interested in the level of 1 point (0.05151), level 0.05045 and level 0.04738 (where the price pivoted on July 27)👇 In the yellow model - level 4 point (0.05216) and level 0.044👇 In conclusion, the BINANCE:ETHBTC price may now continue to rebound towards at least the trend line of the yellow pattern, and at most to the zone of strong resistance accumulation from 0.05045 to 0.05216. After that, we may see a continuation of the drop to floor targets such as 0.04622 and 0.044👇 Based on this we can conclude that now most altcoins look weak and we don't see any opportunity to accumulate additional speculative positions - we will continue to work from the accumulated shorts. Also, a reminder of the open GEP's on CME:BTC1! at $57,805 and $65,835 that continue to be strong magnets👇 by TSFCUpdated 3
ETHBTC trade opportunityETHBTC has broken down from a mega bullish pennant structure, warranting cautious trading. Within this structure, a potential descending channel is forming, with price adhering to it in a corrective movement. An accumulation zone has been identified on the chart, presenting a potentially optimal area for loading Ethereum. This view is primarily for holders, with a specific target marked on the chart. Note that the descending channel could offer opportunities for strategic entries. However, always manage risk appropriately given the current market conditions. Share your thoughts on this analysis in the comments. Your feedback is valuableby weslad5523
ETH Will Surprise Many Of You📈 There Is a Clear Bull Flag Formed At The ETH/BTC Pair And We Had a Perfect Bounce From 1.272% PRZ ,Expect a Strong Bullish Move From Here Toward a 0.078 And 0.112 As a Next Main Targets 🔥 ETH Will Surprise Many Of You ,Don’t Miss It Longby Bullish_Traders117
ETHBTC Daily Updating old chartA drop1 concept , waiting top lvl of the channel plus Rh&s possible right side try to occur.BTC want to go lower.Possible ETHBTC rise.Longby H-A_TUpdated 0
ETH/BTC - Weekly Outlook (Updated)Here is a link to our previous chart: It is amazing to see the accuracy of this chart. We are still in our white symmetrical triangle. This resistance has again caused the ETH/BTC pair to get rejected an additional 3 times leading to a breakdown. Once our support at 0.049 was broken it caused a collapse to test our lower white band of support. Now that the resistance line has given us even more signals of the significance of that trendline, we can prepare for ETH's strength when that line is broken. by VIAQUANT4
If ETHBTC hits my target. Selling all BTC for ETHIf ETHBTC goes down another 30-40%, I'm converting all my BTC to ETH. It will go back to 0.08 or more so I'll have doubled my BTC.Shortby brian7683227
ETH/BTC - BTC first, ETH next?BTC leads, the rest follows? This is ETH against BTC, not USD! So as long as BTC doesn't do a big dump, it sure looks like ETH might push next. With BTC being close to ATH and ETH still missing another 30% just to get to ATH (in USD), that does seem plausible enough. Going by this projection though and assuming at least a stable BTC at the current levels (midterm), that would put ETH significantly higher in USD value from the current price of 3.7k. Longby TophatPandaMagicianUpdated 6617
ETHBTC Shows Lower Degree Bullish Setup FormationWe talked about ETHBTC back on July 5th, where we mentioned and highlighted a completed higher degree corrective decline with strong support zone. Since then, we have seen some short-term slow down, which can be just a lower degree bullish setup formation. ETHBTC looks to be finally ready for a bullish continuation within higher degree wave C/3 after we noticed an impulsive rally into wave A/1, followed by recent a-b-c corrective setback in B/2. With current sharp bounce, seems like wave B/2 is completed and wave C or 3 already in progress, especially if the price jumps back above 0.05150 region. Bullish ETHBTC pair also indicates that Ethereum could be doing better than Bitcoin in upcoming weeks. Can other ALTcoins too? Is it finally time for ALTseason? Longby ew-forecast3
Ethereum ETHBTCOn this chart I see only cycles, eventually we should arrive at the lower horizontal levels +Wyckoff Best regards EXCAVOShortby EXCAVOUpdated 181886
Ethereum will explode soonBy thoroughly examining more data, we found that Ethereum is located in a large triangle. This analysis was done with much more data. The green range is where Ethereum's 7-year dominance triangle could end and witness heavy pumping of Ethereum and altcoins. Our view on the dominance of Ethereum and alt-party is as you can see on the chart For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank Youby behdark6
Ethereum to shutdown in this bull market?In the “Alt-coin market preparing for a 10x move” idea (below) it was written: “A word of warning. The uptrend will not be equal across all alt-tokens” MATIC, ALGO, LTC to name a few.. as expected not all legacy projects are enjoying the multiple x gains so many in the space have seen. Ethereum has currently printed a 78% return on the dollar pair since the statement above while others like Solana are up 1200%. In fact many tokens have printed a 10x return since that time. Despite all this the bullish outlook held by Ethereum fans is steadfast as it is loyal. The bitcoin pair ratio of legacy projects, that includes Ethereum, is a significant reason for knowing why a group of tokens would fail to participate in the current bull market. On the above monthly chart the Ethereum/Bitcoin (ETH.BTC) pair has confirmed failed support after seven years of uptrend. This is significant. The confirmation was made on the close of March with whole body monthly red candle printing outside the channel. The bear flag that preceded this breakout forecasts a 80% correction in the ETH.BTC pair. On the weekly ETH.btc pair (below) a weekly death cross is almost certain to print. Price action on this pair corrected 60% on the last cross in June 2019. You think this time is different? Ww Alt-coin market preparing for a 10x move Weekly ETH.BTC Death cross by without_worriesUpdated 272722
Trade of the YearThis is going to be the most profitable trade of the year sponsored by BlackRock. The narrative and the technical aspects are all too obvious at this point.Longby MarketsCreatorUpdated 3313
ETHBTC📊Analysis by AhmadArz: this analysis for jumping ETH to BTC in low support ... just wait for give zone .🚀 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!by ahmadarzUpdated 3311
ETH/BTC potential breakdown!!! due to Monetary cyle This will be a technical but deep analysis. Most "crypto influencers" have been trying to pump Altcoins since the end of 2023 when CME:BTC1! started to grow coming out from the lows of that period. Calling out "the next altseason" almost every month, and failing every time. The thing is that they are following the crypto cycle to the letter, analyzing what happened in previous Halving years and saying that we will have the same 2020 or 2016 in 2024. The issue with this view is that they are not taking into account bigger things, yes people, there are other markets besides our king (and most of them bigger than the crypto market). They are forgetting the cycle that goes above all. MONETARY CYCLE. The FED is still tightening the economy (QT) as they haven't dropped the interest from 5.5% (cyan line) and they are still reducing their balance sheet (purple line). This means one thing, the money printer is not doing BRRR. This has a big effect on the economy and especially on risky assets like crypto because they are still speculative assets (The crypto community might not like this), and if Gold gets affected by this monetary policy (Bitcoin is currently valued at $1.4tr compared to gold's $16tr market cap), well Bitcoin is affected too. We compare this situation to 2019, the same Monetary cycle (the FED started to cut rates and, by EOY, increased their balance sheet) and a similar macroeconomic paradigm (people worried about recession after a huge growth in the markets). See how the logical answer that year was "NO to risky assets", making the total Crypto market drop, but most importantly, making ETH and especially ALTS, drop even more, falling in value against the king. So, what can happen to BITCOIN, ETH, and ALTS in an election year, QT (quantitative tightening) cycle, Recession risk going up, and geopolitical threats to the economy? All of this while the halving year goes on? Well, that's the right question to ask. I forecast an ETH short-term meltdown to the 0.3-0.4 valuation against BTC in August and September. ALTCOINS may drop even harder! what can cause this you ask?... Failed ETF launch, Mount Gox news, strong Democrats candidate, I guess we'll soon know. Shortby CriptoJoe0
ETHBTC1. Looks like its been in Wyckoff accumulation ever since May 21. 2. Its in a bull pennnant now in the Daily too. 3. Looks like we are about to leave the zone and ETH now leads the rest of this bull market. 4. Its down ward accumulation so was tricky to seeLongby PistolPeteno13
ETHBTC is ready to soarAs regulatory pressure (namely interest rates) finally begins to appear to be easing-- BTC is butting up against historical resistance , that's not to say that BITSTAMP:BTCUSD can't surge in the near term, I actually think it will! That said, the writing is on the wall that it is BITSTAMP:ETHUSD and BINANCE:ETHBTC 's time to shine in this cycle. The CRYPTOCAP:ETH ETF is set to go live very soon, and investors like Matt Hougan believe that ETH as an asset will have inflows that are far beyond what the average analyst is expecting. If you analyze the RSI trend on a long term basis, these 1M candles paint a familiar picture from last cycle, when BINANCE:ETHBTC did ~300% in a few short months. What say you? Longby httpz4