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ETHBTC trade ideas

Ethereum/Bitcoin - Testing 2021 Breakout Level? In this technical analysis, we will examine the Ethereum to Bitcoin (ETH/BTC) trading pair with a focus on potential price movements in the near future. The analysis is based on the assumption that Bitcoin could experience a significant upsurge upon the approval of a Bitcoin ETF. Historical Overview: To begin our analysis, it's crucial to understand the historical context of the ETH/BTC trading pair. In 2021, Ethereum (ETH) showed remarkable strength against Bitcoin (BTC) and witnessed a breakout from a multi year downtrend, resulting in an impressive rally for ETH. Key Levels: a. 2021 Breakout Level: One of the significant levels to watch is the breakout level that Ethereum achieved against Bitcoin in 2021, this level could act as a strong support. Bitcoin ETF Approval: Keep a close eye on any developments regarding Bitcoin ETF approval, as this could be a significant catalyst for Bitcoin's price. Potential Scenarios: Based on the analysis, we can consider two potential scenarios: a. Bullish Scenario: If a Bitcoin ETF is approved, and Bitcoin experiences a significant upsurge, it could lead to a decrease in the value of the ETH/BTC pair. This could result in a test of the 2021 breakout level as support. b. Bearish Scenario: If the Bitcoin ETF approval does not materialize, the ETH/BTC pair may continue to trade within its current range, without revisiting the breakout level meanwhile we could expect a market wide dip on their USD and USDT pairs. Risk Management: It's essential for traders and investors to have proper risk management strategies in place, including stop-loss orders and position sizing, to mitigate potential losses in any scenario. Conclusion: The ETH/BTC trading pair's future price movement will be influenced by various factors, including Bitcoin ETF approval. Traders and investors should closely monitor the technical indicators and news developments to make informed decisions. The 2021 breakout level serves as a critical point to watch, as it could determine the direction of the pair in the coming months. Always remember that cryptocurrency markets can be highly volatile, and risk management is crucial in trading. Not financial advice Have a chart to share? Post it down below!
Long
by DenseCapital
ETHBTC bear market wave count is full. Market reversal imminent?Ethereum has been lagging the growth of bitcoin by some margin all year. The ratio of its price to bitcoin has been on decline. Long-term tracking of the Elliott Wave count of the ETHBTC market now indicates that this bear market cycle for the pair is over, as we can fully account for completed waves, while simultaneously hitting the long-term support trend line. Therefore I am forecasting that we are about to see a trend reversal for the pair, so that Ethereum may rally faster than bitcoin into the new year.
by unbeldi
#ETHBTC at Key levelHistorical (2020): Pre-Bitcoin Halving Pump (January 7 - February 15, 2020): There was a significant increase in Bitcoin's value leading up to its halving event. Post-Pump Correction: Following this pump, the ETH/BTC pair corrected downwards until the actual Bitcoin halving event. Post-Halving Surge: After the Bitcoin halving, the market observed a notable surge. Current Market Observation: ETH/BTC Analysis: Currently, there's a bullish divergence observed in the ETH/BTC pair across various time frames. While the price is declining, the Relative Strength Index (RSI) is trending upwards, indicating potential strength in the market. Future Speculations: Bitcoin ETF Approval (High Probability) : You anticipate that there's a 90% chance of a Bitcoin ETF being approved. Impact on Ethereum (ETH): Following the approval of a Bitcoin ETF, you expect that an Ethereum ETF might become the next focal point in the market narrative. Critical Support Level: For this bullish setup to remain valid, it's crucial that the bulls defend a specific price point, which you've identified as 0.047 satoshis. Uncertainty and Expectations: You acknowledge that while the setup looks promising, it's still uncertain whether the patterns observed in 2020 will repeat. Time will reveal how the market dynamics unfold. My analysis combines historical market trends, current technical indicators, and future speculations based on possible market catalysts like ETF approvals. It's a comprehensive view that considers various factors which could influence the cryptocurrency market, particularly the relationship between Ethereum and Bitcoin. Remember, cryptocurrency markets are highly volatile and unpredictable, so it's essential to approach such analysis with caution and consider various scenarios.
by CryptoUltron
2
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
ETH - POTENTIAL WEEKLY BULLISH DIVERGENCEAn update on last week’s chart. ETH has finally made a lower low on price vs. BTC on the weekly chart, something I have been watching for for over a month. This gives us potential bullish divergence coming out of oversold RSI on the weekly chart, a huge signal of future upside. Weekly divergence can take months to play out, and we can see the divergence remain valid even with much further upside. Further, it does not even become a divergence until we see a clear elbow up on RSI to give us the confirmed higher low. This adds to my conviction that ETH will outperform in 2024. I am starting to nibble again.
by ScottMelker
WILL ETHEREUM FINALLY PRINT BULLISH DIVERGENCE?I have been sharing this idea for months, ever since Ethereum hit oversold on the Bitcoin pair for only the fourth time in history. Each of these incidents has marked a bottom. This time we also have potential bullish divergence, which will require a weekly close below .052. Right now price is there. This would make a higher low on RSI and a lower low on price. Next we would need to see a clear elbow up on RSI to confirm, so this could take a few weeks yet to come to fruition. Weekly divergences can take a VERY long time to play out. It does not mean this is the bottom, but it is a clear sign of bottoming and one that I will be buying aggressively with bullish Ethereum in mind for 2024.
Long
by ScottMelker
4
ETHBTC 70% upside opportunity within range HTFETH/BTC is now in HTF range bottom with an upside opportunity of 70% until range high. Ethereum ETH is the only other cryptocurrency beside Bitcoin BTC that is now being considered for an ETF. Everyone's attention has been disproportionately given to Bitcoin, while TA and inflow models show both range-low price and reaccumulation patterns. Range top target is 0.086 ETHBTC. It may or may not subsequently go higher than range top. That will require a follow-on assessment.
Long
by Goldsworth
Bitcoin Maxi hopium ETH/BTC bearish long term?The Eth/Btc chart is reaching a critical decision zone with the orange trend line going back 7 years. I confirmed break down could signal severe underperformance by Ethereum relative to Bitcoin silencing the flippening narrative and giving the maxis something to cheer about. I think Bitcoin is a long term hold until things get astronomical. 2024 could see highs of 54.6k and lows of 23.4k, perhaps closing the year around mid 30s. 2025. (850k by 2027) dip to (250k - 2028) then finish the bull run of all bull runs in all markets around 2030 to $1.7 million. I'm currently in BULLTARD mode. Then MEGA CRASH of all MEGA CRASHES. I hope the CAPS gets you excited for what may be to come.
by TheCheartBreaker
$ETHUSDT: Trend signal and possible bottom in $ETHBTCI think this is a low risk juncture to long Ethereum if you're not in it already... BINANCE:ETHBTC has a buy signal from yearly scale support area... Let's see if it gets follow through within 5 days, it should march steadily higher in that time, the hold up and base for longer, then breakout again, rinse repeat (if trending). If it's not a reversal it might just hit the upper Bollinger Band with some kind of rapid surge of strength, and drop again, or just fail to rally altogether and go back under 0.05223 ASAP. Best of luck! Cheers, Ivan Labrie.
Long
by IvanLabrie
Is it finally ETH season? Ladies and Gents, we may be entering ETH season. Finally! Finally we get some action on this ETH/BTC chart. I've been waiting for a breakout, either to the downside below 0.05 or above the descending triangle we've formed over the past 7 weeks. ETH has a pretty clear path to get the upper descending trendline which would be 11% outperformance against BTC. Then it'll be a battle for whether it truly is ETH season. Short-term forecast: bullish on ETH/BTC Longer-term: will re-evaluate and update this post in the coming weeks. Let me know what y'all think. Is this ETH season? - Sultan of Chart
Long
by Sultan_of_Chart
1