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3X Short Ethereum Token3X Short Ethereum Token3X Short Ethereum Token
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3X Short Ethereum Token

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ETHBEARUSD trade ideas

Bullish UnlocksA day in crypto can be like a week in 'normal life'. Since we last wrote this column, the SEC all but approved an ETH ETF. A first major bill to regulate Crypto, known as FIT21, went through Congress with bi-partisan support. Republican Presidential Candidate Donald Trump started accepting donations in Cryptocurrency and publicly voiced support for the industry. President Biden's administration, concerned to be alienating pro-crypto voters for no obvious gain, quickly followed suit in altering its course. Industry insiders report that the hostility that the Crypto industry previously faced in Washington has reduced substantially in a matter of a week. Suddenly policymakers are looking for 'dialogue'. This has emerged most visibly with the approval of Exchange Traded Funds (ETFs) for Ethereum Spot. Until as late as last week, odds for an ETH ETF approval by the May deadline seemed exceedingly low. The SEC was instead looking to fight the Ethereum Foundation in court and claim that ETH is an unregistered security. But as political winds shifted, so did the SEC decision. The change of mind was clearly not priced in. Ethereum recorded what is known as a 'god candle' by gaining nearly 20% in a day. Before the ETF can actually start trading, another administrative formality will need to pass but providers such as BlackRock and van Eck look on track to launch trading for the product in the next weeks. In other major news, Mt. Gox, the OG Bitcoin exchange which was famously hacked in 2014 is starting to refund customers. Over the years, its bankruptcy administrators managed to recover large sums of stolen Bitcoin after much legal haggling. Mt. Gox transferred all of its 141 686 Bitcoins, valued at approximately $9.6 Billion, into new wallets to prepare for the repayment. The repayments need to happen by October 2024 at the latest. Unlike in the FTX bankruptcy, users will receive back actual Bitcoin. But with a 300x mark-up as the price grew substantially since 2014. Another group of users has also reason to celebrate. Gemini Earn was launched in 2021, and its users were able to lend crypto to the now bankrupt lender Genesis. Genesis declared bankruptcy after the collapse in 2022 of hedge fund Three Arrows Capital, and the exchange FTX. Retail lenders at Gemini Earn lost their funds. However, Genesis, which is part of the larger Digital Asset Group (DCG) has agreed in a court case to reimburse Gemini Earn's customers with $1.1 billion. Similarly to Mt. Gox, the $1.1 billion will be paid in kind in Bitcoin rather than US Dollars. Both events together could have an impact on the markets in this year. Assuming that at least some of the refunded customers will be looking to sell, billions in new supply could enter the market. This might be bad news. Anticipation of sell pressure has certainly contributed to keep enthusiasm in check. In reality, there are plenty of reasons to be optimistic. The concept of a 'Bullish Unlock' in crypto means that supply coming on the market could actually be a positive thing. Traders have known that the Mt. Gox funds will eventually enter the market. Similarly, the Winklevoss Twins, owners of Gemini Earn, always seemed likely to be able to claw back funds from DCG to refund their customers. If these supplies can be unlocked without driving the price down, it would serve as a very promising sign for the bull market. Meanwhile, the good news on the judicial and political front keep accumulating. And of course the ETH ETF approval could be a major demand driver. Interesting times lie ahead.
COINBASE:ETHUSDLong
by OGcoinrule
1
ETH TIME TO SELL?ETH chart looks like want to liquidate some longs. I think it's going to grab some liquidity from the buyers, and we will probably see something like the BTC ETF. Funds want to buy lower, and there's an FVG on H4 timeframe that should be filled (partially at least). Most of the retails will try to long that fvg, and the most beautiful scenario (always in my opinion) is not to long the fvg but to long the retest of the main trendline, that also fit with a strong support zone on higher timeframe. I placed a low risk short with stop at $4000 targeting half of the fvg (around 3250)
BINANCE:ETHUSDShort
by SaliJournal
1
The Bright Future of Ethereum"Past performance is no guarantee of future results" - We all know this famous phrase... Nonetheless, Ethereum still has a very bright future in the next decade. *Why I'm bullish on Ethereum:* - Every competing "superior" and newer blockchain (Fantom, Avalanche, Harmony, ...) includes EVM (Ethereum Virtual Machine) Compatibilty. - These types of products that are always compared with often have a long future, because they are the golden standard every competing company wants to be (Apple, Bitcoin, Tesla, ...) - Ethereum's transition to PoS will ensure lighter regulation compared to PoW Blockchains in the coming years, where sustainability and net zero emission is a core element of the global agenda. - Bankers & Wallstreet LOVE Ethereum because it is the backbone of every major DeFi Application that replaces traditional Financial Instruments (AAVE - Lending, UMA - Insurance, SNX - Derivatives, UNI -Exchanges, DAI - Stablecoins, LINK - Infrastructure, YFI - Asset Management) - The majority of the Web3 Economy builds upon Ethereum (Metaverses, DAOs) - ERC-721 (NFT's) are revolutionizing the art market. - ERC-1155 is revolutionizing the entire gaming Industry. (Enjin, Axie) - It is completely open source. *Possible bearish scenarios:* - Eth2.0 (if it ACTUALLY ever launches) is completely underwhelming. - Cryptocurrency gets banned in the United States as well. - "Black Swans" (Pandemics, Terrorism, War) - Vitalik Buterin gets caught in money laundering (?) and his holdings will be confiscated by the government. - Satoshi Nakamoto returns from the dead and dumps his entire BTC stack on the market, which will drag Ethereum with it. - Ethereum gets exploited. - Global Internet outage. To wrap it up: I'm bearish in the short term due to the extreme correlation with US Stocks and ETFs. ETH is still completely overbought on the monthly chart. I'm looking at price levels around $1'200, if there is a black swan event, even around $700 is a possibility. I hope you enjoyed my thoughts and analysis on Ethereum. May the fortune be with you :) -CYANE
BITSTAMP:ETHUSDLong
by cy4ne
2
Will ETH bounce back?As we review BINANCE:ETHUSDT price action on the daily chart, a notable pattern emerges—a substantial falling wedge, traditionally indicative of a bullish reversal. This analysis comes at a critical juncture, particularly following the inflation data released on May 15th, 2024, which fuelled a general uptrend in the market. Ethereum capitalized on this momentum, marking a robust bullish candle on the chart. Critical Levels to Watch To sustain this upward trajectory, it is imperative for Ethereum to secure a close above the $3100 to $3200 range, which would signify a decisive breakout from the falling wedge pattern. This breakout is essential for confirming the reversal signal and setting the stage for further gains. Technical Indicators and Support Zones Ethereum is currently testing its 200-day Exponential Moving Average (EMA), which interestingly aligns with the lower trendline of the wedge. This confluence enhances the significance of the $2750 to $2800 zone as a critical support area. Should prices stabilize or rebound from this level, it would reinforce the bullish outlook. Market Sentiment and External Factors The market is keenly awaiting news regarding the potential approval of an Ethereum ETF. Despite high expectations, there is a prevalent sentiment that the SEC might reject this proposal. A rejection could exert downward pressure on Ethereum, possibly leading to a breach of the current support level. Under such a scenario, the price could retreat to the next significant demand zone, identified between $2200 and $2400. Strategic Considerations for Traders Given the potential volatility stemming from regulatory news and technical thresholds, traders are advised to exercise caution. Monitoring these key levels and staying abreast of market news are prudent strategies to navigate the uncertainties inherent in cryptocurrency markets.
BINANCE:ETHUSD
by Mudrex
2
ETHEREUM, back to $4,000?!Since May 20, ETH has risen by almost 30%! It stopped at $3974 and hasn't come close to reaching $4000. In my opinion, it's only a matter of time. I'm a buyer of ETH. Here's an interesting setup in the making: Back in the OTE zone Rebound on Order Block Initial liquidity will be taken at $3525 before heading for the $4000 psychological zone! Feel free to subscribe and boost this post if you enjoyed my analysis, and tell me what you think! Happy trading and a great week :)
BITSTAMP:ETHUSDLong
by InfiniteY
2
ETH. Max price of this cycle is almost reached.In order to know what the direction of the crypto market will be, we must go to Bitcoin first, but if it does not give us a clear analysis, we go to Ethereum. In this case, excellent Elliot wave behavior can be seen. Wave 3 arrived just at the point it had to reach, and so did wave 4. Right now wave 5 is developing, which tells us that it will reach the previous highs (approximately 4800 USD) Do not expect this route to be fast and strong, since we are talking about wave 5, which, unlike wave 3, usually occurs without force.
BITSTAMP:ETHUSDLong
by Cinnamon_Club
3
Order typesIn the past, a person would typically have to go to the brokerage or another financial entity to buy or sell a security. The trade would be then settled through a personal meeting or, as technology progressed, over the phone. Nonetheless, the implementation of modern technology within the financial markets of the 21st century made placing buy and sell orders as easy as a few mouse button clicks. Nowadays, many trading platforms allow their clients to execute various types of orders beyond ordinary buy and sell orders. Key takeaways: Using limit orders is generally considered one of the safest ways to buy or sell a security. Modern technology allows placing buy and sell orders with a few mouse clicks. A stop-loss and stop-limit orders are used to protect an investor’s capital. A trailing stop locks in some of the accrued profits. Quick trade orders get instantly filled by a single or double click on a bid or ask button. Limit order A buy limit order is used to buy a security at a specified price. This type of order is executed automatically in a case when the price of a security is lower than the value of the buy limit order. A sell limit order is used to sell a security at a specified price. It gets automatically filled when the price of a security is higher than the value of the sell limit order. This design occasionally allows for the execution of the buy limit order or the sell limit order at a better price. Generally, limit orders are one of the safest ways to purchase or sell a security. Quick-trade order Some trading platforms allow the use of quick-trade orders. A quick-trade order is a type of order that is instantly filled by a single or double click on a bid or ask button in a trading platform. These orders are relatively safe to use. However, filling this type of order in highly volatile markets might be difficult due to a quickly changing price. Market order When traders choose to use a market order, they let the market set the price of security. In essence, this means that for a buy market order, a trade execution occurs at the nearest ask. For a sell market order, a trade execution takes place at the nearest bid. The use of the market order is less safe in comparison to limit order because it allows for worse filling of orders in illiquid markets and markets dominated by algorithmic trading. However, some platforms offer their clients the option to choose the tolerance threshold for such trade orders. Good ‘Til Canceled order (GTC) This type of order remains active until it is filled or canceled. Stop-loss and stop-limit orders A stop-loss order sells a position at a market price if it reaches or passes a specified price. Unlike a stop-loss order, a stop-limit order liquidates a position only at a specified or better price. These types of orders are used to protect investor’s capital before depreciation. Trailing stop order A trailing stop order trails the price as it moves in the trader’s favor. For a long position, a trailing stop moves higher with the price but stays unchanged when the price falls. Similarly, for a short position, a trailing stop moves lower with the price but remains unchanged when the price rises. The intent of a trailing stop is to lock in some of the accrued profits. 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 or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
COINBASE:ETHUSDEducation
by Tradersweekly
2