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Ethereum / US Dollar Perpetual Quanto Swap Contract

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Ethereum Breaks Through $2500 Resistance: Will the Rise Hold?Ethereum, the second-largest cryptocurrency by market capitalization, has achieved a significant milestone by breaking through the $2500 resistance levels. This development has positioned the cryptocurrency for further potential gains. The Breakout Ethereum's recent surge has been notable, with the price approaching the $2650 mark. This positive momentum indicates a strong bullish sentiment among investors. The cryptocurrency's consolidation above the 100-hour simple moving average suggests that the upward trend may be gaining traction. Key Resistance Levels However, there are still significant resistance levels that Ethereum must overcome to sustain its upward trajectory. The $2640 level represents a crucial hurdle. If Ethereum successfully breaks through this resistance, it could pave the way for a more extended rally. Potential Targets Beyond $2640, the next major resistance level lies at $2720. If Ethereum can breach this mark, it could open the door for a more substantial price increase. Consolidation at the $2720 level could lead to further gains, with potential targets at $2800 and $2880. Factors Influencing Ethereum's Price Several factors are influencing Ethereum's price and contributing to its recent rally: • Growing Adoption: The increasing adoption of Ethereum-based applications and smart contracts is driving demand for the cryptocurrency. As more businesses and developers utilize the Ethereum blockchain, the value of the network and its native token, ETH, is likely to appreciate. • Institutional Interest: Institutional investors are increasingly allocating a portion of their portfolios to cryptocurrencies, including Ethereum. This growing interest from large financial institutions can provide significant price support. • Technical Indicators: Positive technical indicators, such as the Relative Strength Index (RSI) and moving averages, suggest that Ethereum is in a strong uptrend. These indicators can provide valuable insights into the cryptocurrency's momentum and potential price targets. • Macroeconomic Factors: Global economic conditions and regulatory developments can also impact Ethereum's price. Favorable macroeconomic factors, such as low interest rates and increased liquidity, can create a favorable environment for risk assets like cryptocurrencies. Conclusion Ethereum's recent breakout above the $2500 resistance levels is a significant development. The cryptocurrency's upward momentum and positive technical indicators suggest that further gains may be in store. However, it is essential to remain cautious and consider the potential risks associated with investing in cryptocurrencies. Investors should carefully evaluate the factors influencing Ethereum's price and conduct thorough research before making any investment decisions. The cryptocurrency market is highly volatile, and past performance is not indicative of future results.
BITSTAMP:ETHUSDLong
by bryandowningqln
Oct.8-Oct.14(ETH)Weekly market recapLast week, the U.S. CPI data for September was released. Although the CPI figure was higher than expected, it was still lower than the previous value. We believe that once the Federal Reserve enters a rate-cutting cycle, as long as the CPI data does not significantly deviate from expectations, the market will not price in a recession or an inflation rebound. It will generally lead to a positive outcome. After going through an aggressive rate-hike cycle and entering a rate-cutting cycle, capital will no longer need to worry about changes in liquidity. In the early stages of rate cuts, investors will need to consider which market to enter to achieve high returns. We observed the performance of the Chinese stock market at the end of September, and yesterday, the BTC ETF saw an inflow of over $500 million, the largest inflow in the past three months. Capital is starting to flow back into the cryptocurrency market, and this continuous inflow is providing price support. ETH, which had been relatively underperforming, also saw a certain level of pump yesterday, with the price nearing previous highs. However, from the ME indicator, it can still be seen that short positions are dominating ETH. The WTA indicator shows no signs of whale activity. In summary, we believe ETH is likely to experience a week of consolidation. We maintain the previous resistance level of 2,800 and support level of 2,100. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:ETHUSD
by Sypool
Bearish drop?Ethereum (ETH/USD) is rising towards the pivot and could reverse to the 1st support. Pivot: 2,493.86 1st Support: 2,396.64 1st Resistance: 2,566.10 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:ETHUSDShort
by ICmarkets
3
Ethereum (ETH/USD) Buy Alert - Entry at $2,450!Technical Analysis: The Ethereum (ETH/USD) pair shows promising bullish signals. The 28-period RSI indicates a favorable entry point, while the 161 and 200-period moving averages support a strong upward trend. Trade Details: Entry Point: $2,450 Stop Loss: $2,400 Take Profit: $2,600 Fundamental Analysis: Ethereum's price movements are influenced by key economic factors, including advancements in its technology and general market trends. Current market sentiment is optimistic, which may enhance profit opportunities. Support and Resistance Levels: Support: $2,400 Resistance: $2,600 Tip: Keep an eye on news related to Ethereum, as it can significantly impact price movements. Prepare for potential opportunities in this bullish trend! Engage with the community for more insights and discussions!
COINBASE:ETHUSDLong
by tickmill9
Ethereum Holds Steady Amid Volatility, Eyes on $2,800 BreakoutMarket Overview: Ethereum had a volatile week but ended with a 1% gain, with buyers defending the critical $2,400 support level. If ETH loses this support, the price could drop toward $2,000, impacting altcoins negatively. Key Levels to Watch: Current resistance: $2,800. A break above this level would signal buyers regaining control. Support: $2,400. Losing this could trigger further downside to $2,000. Outlook: Ethereum is showing signs of market indecision, moving sideways. A breakout above $2,800 would end this hesitation and bring back bullish momentum. #Ethereum #ETH #CryptoUpdate #PriceAnalysis #SupportAndResistance
COINBASE:ETHUSD
by Richtv_official
Ethereum Eye $2900: Can It Recover Amid Vitalik's ETH Sales?Ethereum ( CRYPTOCAP:ETH ), the second-largest cryptocurrency by market capitalization, has been displaying signs of resilience, despite market-wide volatility. Following Bitcoin’s momentary drop below $59,000, Ethereum ( CRYPTOCAP:ETH ) managed to climb 0.66%, forming an intraday Doji candle. Currently trading at $2414, CRYPTOCAP:ETH has shown an intraday pullback of 0.14%, raising questions about whether this recovery could persist amid consistent sales of ETH by Vitalik Buterin and the Ethereum Foundation. Technical Analysis: Bullish Indicators on the Horizon? Ethereum’s current price action exhibits a notable rejection near the $2300 support level and its corresponding local support trendline, fueling the possibility of a bullish rebound. Analysts have identified this level as critical for CRYPTOCAP:ETH , and the lower price rejection provides hope that the bulls may regain control. A closer look at the 4-hour chart reveals bullish divergence in the RSI between the past two dips near $2340. This divergence suggests a potential double-bottom reversal, a classic bullish pattern indicating an impending uptrend. In such cases, a reversal rally could push the CRYPTOCAP:ETH price toward nearby resistances at $2425, followed by Fibonacci levels of $2520 (50%) and $2624 (78.60%). However, we highlights a crucial technical support for Ethereum around $2250, a breakdown below the TD support trendline could trigger an average correction of 53%, which could send Ethereum below the $2000 mark. Bearish Sentiment: Concerns Over Ethereum Sales The market remains divided on whether CRYPTOCAP:ETH can maintain its bullish momentum. One of the biggest concerns stems from sales by Ethereum co-founder Vitalik Buterin and the Ethereum Foundation. Their recent decision to sell significant amounts of ETH has raised alarm bells among investors, as many view insider selling as a bearish signal. Martinez’s analysis, reposted with the caption "Now it makes sense why Vitalik Buterin and Ethereum Foundation have been selling," reinforces the possibility of a sharp drop below $2250. In addition to insider selling, Ethereum’s 10-day and 100-day moving averages are currently sitting slightly below its current price. This technical weakness, combined with a relatively neutral RSI of 45, suggests that Ethereum lacks the strength to push toward the critical $2900 resistance pivot in the short term. Potential Price Targets and Scenarios Ethereum’s price movements suggest a cautiously optimistic outlook, but the path forward is uncertain. If $ ETH breaks through the overhead resistance at $2824, it could aim for a 20% increase to reach $3175. However, falling below the $2120 support could result in a bearish correction down to $1769. In a bearish scenario, Ethereum may retest the $2300 and $2200 support levels. A further breakdown below $2250 could confirm Martinez’s thesis of a significant correction, potentially leading to a massive selloff and further losses for ETH holders. Fundamental Analysis: Ethereum’s Role in the Broader Market While technical indicators show both bullish and bearish possibilities, Ethereum’s fundamental role within the crypto ecosystem remains strong. Ethereum is the backbone of decentralized finance (DeFi) and non-fungible tokens (NFTs), and it continues to lead the way in smart contract innovation. Ethereum’s network upgrades, including its transition to proof-of-stake, have been seen as critical steps toward long-term scalability and sustainability. Nevertheless, Ethereum ( CRYPTOCAP:ETH ) is not immune to market-wide challenges. Broader macroeconomic factors, such as interest rate hikes and inflation concerns, have weighed heavily on cryptocurrencies. Ethereum’s price is also heavily influenced by Bitcoin’s movements, and BTC’s recent dip under GETTEX:59K poses additional risks for ETH investors. Conclusion Ethereum’s short-term prospects are mixed. On the one hand, the bullish divergence on the RSI, lower price rejection near support, and potential reversal patterns suggest that CRYPTOCAP:ETH could soon break out of its current trading range. On the other hand, insider selling by Vitalik Buterin and the Ethereum Foundation, combined with key moving averages sitting below current prices, implies that caution is warranted. Whether Ethereum ( CRYPTOCAP:ETH ) rebounds to its former highs or faces a significant correction, investors should remain vigilant and adjust their strategies accordingly.
BINANCE:ETHUSDLong
by DEXWireNews
BTC&ETH 11 Oct Options Data18,000 BTC options are expiring with a Put Call Ratio of 0.91, Maxpain point of $62,000 and notional value of $1.1 billion. 212,000 ETH options are about to expire with a Put Call Ratio of 0.4, Maxpain point of $2,450 and notional value of $510 million. With crypto continuing to weaken and the key $60,000 level now hotly contested, and ETH near the long-term support line of $2,300, a market change could be just around the corner. The first two weeks of the fourth quarter of this year were poor, the options market is also more depressed, the current options position has fallen to a new low since 2023. But a sluggish market also breeds new trading opportunities, and now the BTC flat IV on 8 November is only 50%, perfect for building some medium to long term calls at a low level. Block call trading has been progressively more active this week, and there's a good chance it will be around the time of the U.S. election.
BITSTAMP:ETHUSDLong
by Greeks_live