Ethusd forecastHi traders; we have the engulf of the chart and we have reversal in the above left shoulder ;
ETHUSD trade ideas
BTC ETH July 19 Options Data
21,000 BTC options expired with a Put Call Ratio of 1.2, a Maxpain point of $62,000 and a notional value of $1.3 billion.
140,000 ETH options expired with Put Call Ratio of 0.39, Maxpain point of $3,150 and notional value of $480 million.
The crypto market has rallied sharply this week, fueled by multiple positive news, with all major term IVs showing significant rallies, generally 5% or more compared to a week ago.
The market vibe is much more optimistic, and while news of the ETH ETF is still being delayed, the ETF listing and the growth of the crypto market as a whole is unstoppable, and the eventual inflow of funds will drive crypto.
ETHEREUM Bearish Bias! Sell!
Hello,Traders!
ETHEREUM made a retest
Of the horizontal resistance
Of 3518$ and we are already
Seeing a rejection and a
Bearish reaction that followed
So we will be expecting
A further move down
Sell!
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ETHUSD OutlookContext 30m: ETH is trending bullish and expecting price to stay above these emas and possibly provide long setups during NY session.
ETHUSDT LongWolfe Wave on the ETH H1 chart: Currently, the price is in the fifth wave. The bullish target is the 3550 level. After reaching this target, we will watch for a potential sell signal.
ETHUSD - ETFETF are about to be approuved. Price will rocket to 4k... Buy the rumour sell the fact...
Ethereum's Breakout Sparks Altcoin FrenzyThe past few months have been pivotal for Ethereum and the entire cryptocurrency market. After weeks of hovering around $3200, ETH finally broke through that resistance level on July 15, 2024, reaching a new high of $3369.192. This surge in price has not only bolstered confidence in Ethereum's long-term potential but has also ignited a frenzy among investors scrambling for altcoins, hoping to capitalize on the momentum.
Ethereum's Rise: A Turning Point
Ethereum, the world's second-largest cryptocurrency by market capitalization, has long been seen as a strong contender to Bitcoin's dominance. While Bitcoin has established itself as a digital store of value, Ethereum's functionality extends beyond that. Its blockchain technology underpins a decentralized network that allows for the creation of smart contracts, self-executing agreements that can facilitate a wide range of applications, decentralized finance (DeFi), and non-fungible tokens (NFTs) being just a few examples.
This versatility has fueled significant interest in Ethereum, and the recent breakout is seen as a validation of its potential. The surge past the $3200 resistance level suggests a shift in market sentiment, with investors growing more bullish on Ethereum's future. This bullishness is likely fueled by several factors:
• Increased adoption of DeFi and NFTs: The growing popularity of DeFi applications and NFTs has significantly boosted activity on the Ethereum network. This increased usage translates to higher demand for ETH, driving up the price.
• The Merge: The upcoming Ethereum upgrade, known as the Merge, is expected to significantly improve the network's scalability and efficiency. This has instilled confidence in investors who believe the upgrade will further solidify Ethereum's position within the crypto ecosystem.
• Institutional investment: The entry of institutional investors into the cryptocurrency market has brought a wave of fresh capital. With a more secure and established platform like Ethereum, these institutions are more likely to allocate funds, further propelling growth.
The Rise of the Altcoins
Ethereum's breakout has had a ripple effect across the entire cryptocurrency market, particularly on altcoins, which are digital currencies alternative to Bitcoin. The term "altcoin" encompasses a vast array of cryptocurrencies, each with its unique features and functionalities. Some altcoins are designed to address specific limitations of Bitcoin, such as scalability or transaction fees. Others focus on entirely new applications, like decentralized content creation or secure data storage.
The excitement surrounding Ethereum has spilled over to altcoins, with many experiencing significant price increases. Investors are looking for the next big thing, hoping to replicate the success of Ethereum. This has fueled a surge in altcoin trading, with some investors pouring money into various projects in the hopes of finding the next hidden gem.
A Word of Caution
While the current market frenzy is exciting, it's important for investors to approach altcoins with caution. The altcoin market is inherently more volatile than established players like Bitcoin and Ethereum. Many altcoin projects are in their early stages of development, and their long-term viability remains uncertain.
Investors should conduct thorough research before investing in any altcoin project. Carefully evaluating the underlying technology, the team behind the project, and the overall market potential is crucial. Buying into the hype without proper due diligence can lead to significant losses.
The Future of Ethereum and Altcoins
Ethereum's breakout marks a significant moment for the cryptocurrency market. It underscores the growing acceptance and adoption of blockchain technology and its potential to revolutionize various industries. The coming months will be crucial in determining whether the current altcoin frenzy translates into sustained growth for these alternative cryptocurrencies.
For Ethereum, the successful implementation of the Merge will be a major milestone. If achieved, it will solidify Ethereum's position as a leading blockchain platform and could pave the way for even greater adoption and innovation within the crypto ecosystem.
Unveiling Crypto Market Insights - ETH tailwinds in 2024GM Bitstampers!
In January 2024, we posted about the tailwinds and headwinds for Ethereum in the coming year. In this post, we'll focus on some of the factors that contributed to a +50% increase in price since the beginning of the year.
The tailwinds we noted in January included the release of EIP-4844, the potential deflationary nature of Ethereum, and the possibility of ETF approval. The headwinds included potential migrations of fee-sensitive users to alternative Layer 1 and Layer 2 solutions, concerns about centralization, and the movement of projects to faster and cheaper chains.
Release of EIP-4844:
EIP-4844 went live in March 2024 with the Dencun upgrade , enhancing Ethereum’s scalability, security, and usability.
Deflationary Nature:
Ethereum has remained deflationary since the Merge, although the supply levels remain similar to those at the time of our last report.
ETH ETF Approval:
On May 23th, the SEC approved ETH spot ETFs from eight issuers, causing the price to rise by nearly 25% that week. The price continued to increase in the days following approval, almost reaching $4,000. Although the price retraced most of these gains in June and early July, it began climbing again in the last two weeks. Several issuers, including VanEck and 21Shares, filed amended registrations last week, hoping for the SEC’s final approval to list spot Ether ETFs. Nate Geraci, ETF analyst and president of The ETF Store, forecasted that eight spot ETH ETFs would be launched by the end of this week . Whereas Bloomberg Senior ETF Analyst Eric Balchunas said that ETFs will likely launch next week on Tuesday, July 23.
When do you think the first ETH spot ETFs will start trading?
What tailwinds and headwinds do you foresee for ETH in the future?
Ethereum Whales Accumulate $ETH in Anticipation of ETF LaunchWallets holding at least 0.1% of the total supply have shown a consistently positive net flow over the past month, with a notable surge as Ethereum bounced back from its recent lows below $3k. This trend suggests accumulation in anticipation of the upcoming Ethereum ETF release, which is expected to occur around July 23rd.
Our outlook for the coming week is predominantly bullish. However, whether the ETF release becomes a 'sell the news' event hinges on the level of institutional demand for CRYPTOCAP:ETH
eth trade into etfso eth has ormed a flag under resistanc eupon breaking we have 4 percent to next lavel and then a retest on the choch break that is our best entry
ETH Going To $600~After going over many counts I've come to the conclusion this is likely the correct one - I know many people are going to look at this and their heads will explode (that's good) as the market don't care about your feelings or sloppy entries - I've used multiple confirmations to derive my view here and time will be my judge gl.
ETH ASCENDING WEDGE FROM 2017eth is a buy here, it came back to retest the ascending wedge with a significant bounce.
With the ETF as a catalyst we should see continuation to the upside as inflows pick up.
Good luck friends see you at 10k.
7/16 ETHUSD: Wait on Correction for Bull Run Ethereum has had a lot of movement since the start of July. Last week price retested the 6HR trendline (burgundy) and pushed higher through our minor structure trendline (black) up to the 4HR trendline (green). Price has rejected off of the 4HR trendline on several occasions so I don't believe price is ready to continue upwards in any significant manner at this moment. We could see price push slightly higher to make a new high as a change of character and then reverse for the short term. I'm waiting for price to pull back and retest our minor structure trendline (black) before confirming our new uptrend.
Let's wait and see.
ETH/USD Tightening Range Trade PlansCrypto Sentiment took a hit recently due to creditor fears, but 'softer landing' Sentiment has overtaken this bias and provided long side bias.
Ethereum, particularly, has seen a considerable amount of range tightening, with lower highs and higher lows.
Overall direction, be it up, or down, will be dictated by future FED results and also potentially Crypto related news on its own.
Price Targets remain at drawn areas for longs/shorts.
ETH CONTINUATION PATTERN BITSTAMP:ETHUSD AND BITSTAMP:BTCUSD Has been a in Correction phase after a bullish trend run. This bullish momentum doesn’t seems to be over yet.
From our previous analysis
ETH BROKE OUT OF PRECIOUS CONSOLIDATION TO RETEST BACK ON THE TREND LINE. TO FIND ENTRY SIMPLY WAIT FOR A PULLBACK INTO THAT SUPPORT LEVEL OF RED AND YELLOW BAR. TAKE PROFIT $4000-500k.
ETH LOOKING TO FORM ALL TIME HIGH. JUDGING FROM THE PREVIOUS TREND, ON WEEKLY TIMEFRAME YOU WILL SEE IT FORMS BULLISH FLAG. SAME TIME HAPPENS ON DAILY TIMEFRAME, THE MARKET HAVE RETEST BACK ON THE TRENDLINE WE MIGHT ANOTHER BULL RUN FORM BTC AND ETH. FOLLOW FOR MORE UPDATES
ETH from 2022 lowETH from 2022 low.
Identifying the corrective structures.
With bear side GZ broken in the ETF hype pump, is this a suckers rally or moon?
ETH - bullish 24-hour upside expected!Listing of 8 spot ETH ETFs is expected on July 23! The deadline for returning the final S-1 registration forms for the eight-spot Ether ETF has been set for July 17 by the Securities and Exchange Commission (SEC).
“SEC finally gotten back to issuers today, asking them to return FINAL S-1s on Wed (incl fees) and then request effectiveness on Monday after close for a TUESDAY 7/23 LAUNCH,” conditional on no last-minute hurdles, Bloomberg’s ETF analyst Eric Balchunas, said.
Meanwhile, Reuters reports that Blackrock, Franklin Templeton and VanEck have obtained “preliminary approval” for their spot Ether ETFs. Such ETFs hold an equivalent amount of the underlying asset, contrarily to future ETFs that track futures contracts of the underlying asset rather than the asset itself.
The price of Ether rose 2.3 percent to $3,437 over the past 24 hours. ATTMO predicts strong sun for Ether in the next 24 hours, signaling bullish trend and upside potential over this time horizon.
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ETHUSDThe Trade is printing Bullish Trend with HH and HL with no Divergence ,the trend also print a Reversal Double Bottom.
The Entry point will be 3506.38 and the stop loss will be 3308.0886.
Jul.9-Jul.15(ETH)Weekly market recapThe CPI of June dropped significantly and performed better than expected. Coupled with Powell's dovish speeches on monetary policy in the House of Representatives and the Senate, the market has rekindled hopes of an interest rate cut. Judging from data available in the interest rate swap market, traders have begun pricing in the possibility of two interest rate cuts in 2024. And it is expected that starting from the FOMC in September, interest rates will be cut at every subsequent FOMC.
After the German government sold BTC, FUD in the market gradually decreased. Mt.Gox's repayment method will be based on the BTC price several years ago, and the potential selling pressure will not be large. So after gold and U.S. stocks responded bullishly on Thursday, cryptocurrencies started to see gains over the weekend.
Relative to U.S. stocks that continue to price in interest rate cuts, BTC and stocks in developing countries will become the leaders of this cycle. The SEC is currently expected to issue its latest response to the ETH ETF this week, and there is a high probability that it will be officially launched this week.
Again, we are already on the way to a rate cut.
This is the era of ETH. Although FUD caused greater losses to ETH, the continuous rise has repaired it. The listing of ETH ETF remains a focus of the market. Like BTC, ETH bulls enjoyed a rare weekend of strength and are holding on. On the WTA indicator, after ETH fell below 3000, whales appeared. The ME indicator continues to maintain a bullish trend.
To sum up, we believe that ETH may lead the market higher this week. We maintain our original resistance level 4000 and support level 2800.
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.
