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ETHBTC trade ideas

ETH/BTC - Long Term Top Ethereum's ratio to Bitcoin has been consolidating for nearly 13 months (left). In 2018, Stellar Lumens (right) consolidated against Bitcoin for roughly 11 months before dropping off a cliff. Will the same happen to ETH here? It will need to maintain the uptrend, held since 2016. Any larger decline from here will result in a breakdown from this channel, which I think has pretty terrible implications for the 2nd largest cryptocurrency. A break ABOVE the channel would likely invalidate this bearish idea in the short term, and could result in a new all-time high for the ratio. Not sure this is likely. I believe ETH's value has been inflated by the NFT and DeFi bubbles, as seen by the immense premium speculators are willing to pay just to transfer tokens on the network (high fees). DeFi is really starting to look less and less appealing, as scandal after scandal has started to make waves across the cryptocurrency space, in an atmosphere that has already been quite negative. Right now, market participants are fleeing collapsing altcoins in favor of ETH, as can be seen by its increase on the ratio during market turmoil. But I think it's possible this does not last. XLM/BTC moved up momentarily right before Bitcoin collapsed in late 2018. What more does ETH have going for it, aside from the merge, which is still a ways away? Still many have their coins locked away for staking, even as APY comes down on many platforms. I think people will be less and less willing to hold ETH, and that this period of consolidation will turn out to be distribution, leading to a precipitous decline. Ethereum has so far been unable to touch the previous all-time high against Bitcoin. If it breaks down before succeeding to do so, this would suggest that ETH is actually in a long term downtrend against Bitcoin (like most alts), and would have a hard time recovering on the ratio. Many altcoins are in freefall against Bitcoin and ETH, yet Bitcoin dominance remains stable just below the 50 week MA. If dominance breaks the 50 week, I think we can see the end of distribution for ETH. On the upside, we would need to see the ratio head above 0.088 and sustain to consider a new all-time high. If this occurs, the entire market may also want to make a new all-time high. Since I think this is unlikely in the near-term, it also follows that I think a new ATH for ETH is also unlikely. Let's see what happens! This is not meant as financial advice - this is meant for speculation and entertainment only. -Victor Cobra
Short
by VictorCobra
3
Ethereum on the verge of a breakout?Did it really take you one full year to realize that your favorite layer 1 is just a piece of shit? Let's get back to business. Eth/btc has been consolidating for one full year inside this triangle, fake breakouts on both sides The Merge is near. Terra capitulated, crumbling the layer 1 narrative to dust. Now it's time for Ethereum to shine again Price is consolidating above triangle apex and EMAs, strong volumes coming in on the daily This can be something TP 1: 0.085 TP 2: 0.12 TP 3: 0.15
Long
by crypto_dagobert
ETHBTC ! Formation of pre-breakdown consolidationUptrend. After the breakdown of the consolidation resistance, the price forms a range between 0.07596 and 0.07328. The price is accumulating energy for a possible further movement After the extreme test of resistance 0.07596, the price returns to a near resistance retest and consolidates near the level, gaining energy for growth I assume a breakdown of resistance followed by a price increase along the trend: in the short term - 0.07777, and in the medium term - 0.08147 Sincerely, R. Linda!
Long
by RLinda
13
Is ETH ready to outperform BTC?We published ETH analysis back in March 2022. Back then we did the analysis not because we wanted to trade it but because we wanted to verify our hypothesis. We would say, it kind of verified our hypothesis. What happened was ETH broken above our fibonacci extension golden pocket and touched the fib speed resistance fan 0.618 line. After that it comes back to our golden pocket as a retest and bounced back. What is happening right now? We added new Fib Speed Resistance Fan based on the weekly swing high and low. We found that ETH broke out of downtrend 0.618 line a week ago. You can also see that this line is now acting as a Support. From here, we are ready to take off to 0.08 area in coming weeks/months. I would like to guess it would be in June/July. What is the risk? Due to general market conditions, there is a small risk that it might broke below the golden pocket and retest to lowest level of Fibonacci Channel (marked with yellow rectangle). These analysis and studies are not financial advices.
Long
by xxx5w4nxxx
ETH moves towards decoupling with BTCBINANCE:BTCUSDT CRYPTOCAP:ETH BINANCE:ETHBTC As the market hits the current turbulence some speculate a Bear market and others a Bull, however, it is the opinion of this author that the situation may be more nuanced than the typical binary thinking that has become oh so prevalent within the crypto community. Could it be possible that crypto has grown to such popularity that there are no longer winters? Are the crypto seasons a thing of the past altogether including Alt Season? Scrolling through the site many authors publish ideas that compare future moves to historical data, which is a very viable strategy that allows guessing future moves based on probability, however, it does not account for outlier situations and complete shifts in the overall system model. We can see that slowly over time it is taking less and less ETH to buy a BTC, indicating that the coin is either taking market share from BTC or there are so many Altcoins out there that are doing the same; Perhaps both are simultaneously true. Either way, something beneath the surface is happening in the world of crypto, and with this latest set of price movements, I've started to develop a theory. Im willing to wager in the fast-approaching future, there will be an exodus of capital flowing out of the markets looking for non-traditional assets to park in while the vanilla market finds some sort of equilibrium. At the same time, I speculate that investors will exit bitcoin looking to buy something more affordable (Why buy a Bitcoin when the Gains are the same in something cheaper and has a practical use?). Whatever the case I like all other crypto enthusiasts hold fast to the idea of striking it rich in this 21st century digital goldrush, and am merely seeking out every possible avenue to expand my ever-growing pile of digital loot. If BTC declines, and ETH increases, then Semper Gumbi and Carpe Diem. Make moves in line with your Strategy and always be on the lookout for fluctuations in market dynamics. Trade safe, -Soup Kitchen Management
by SoupKitchenManagement