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ETHUSD | Market outlookCRYPTOCURRENCY MARKET REVIEW The cryptocurrency market resumed active growth: BTC is trading around 30900.00 (+10.0%), ETH is at 2120.00 (+14.3%), USDT is around 1.0003 (+0.05%), BNB is at 335.00 (+7.1%), and USDC – around 0.9988 (+0.02%). The total market capitalization has grown to 1.288B dollars, and the share of BTC was 46.34%. The quotes are supported by expectations of correction of the US Federal Reserve's monetary rate after the publication of US data on inflation for March, which recorded a greater slowdown in price growth in the country than experts expected. Thus, the consumer price index was 0.1% instead of the forecasted 0.2% MoM and 5.0% instead of 5.2% YoY, strengthening investors' hopes that regulator officials will soften the «hawkish» rhetoric in May or June. In this case, the pressure on the country's economy may weaken, and the demand for risky assets may increase. In this regard, the founder of Galaxy Digital, Mike Novogratz, predicted the price of the world's first cryptocurrency to rise to 40.0K dollars after the start of lowering interest rates, which will not be possible until the end of the year. The growth leader was ETH, which was additionally supported by the launch of the Shapella (Shanghai-Capella) update on the main Ethereum network. The fork took place on April 13 at block 194048 and activated the EIP-4895 function, which allows investors to withdraw coins previously blocked on the network. Contrary to the fears of some experts, this did not lead to a mass sale of the token and a fall in the cryptocurrency rate. Indeed, some stakers have chosen to withdraw their assets but so far their number is insignificant. According to Glassnode experts, the current momentum could lead to the sale of about 170.0K unlocked ETH within seven days of the fork activation, which is less than 1.0% of the total volume (18M ETH). Among other news of the week, it is worth highlighting the launch by the social network Twitter of the opportunity to trade various assets, including cryptocurrency. Thanks to the partnership between the network and the eToro platform, clients of the site will now be able to see the price charts of digital assets and stocks, as well as buy and sell them, which will further popularize cryptocurrencies. The London Stock Exchange (LSE) has announced the launch of BTC futures and options trading. To ensure this, it has entered into a partnership agreement with the Global Futures and Options (GFO-X) cryptocurrency trading platform. It is assumed that trading in futures and options on BTC will become available in the UK from the fourth quarter of this year and for EU citizens later. In general, the situation in the cryptocurrency market is improving, and the enthusiasm of investors associated with the possible suspension of the US Federal Reserve cycle of raising interest rates supports the strengthening of prices.
COINBASE:ETHUSDLong
by DynamicCapital-FX
Ethereum' Got Next: Marching Towards the 3Ks again🚀💡 Ethereum's Uptrend Journey: Marching Towards New Heights! ✨📊 Ethereum traders, fasten your seatbelts! Our technical radar has spotted a remarkable trajectory for Ethereum. After navigating a tough rejection at $2,650 and finding solid support at $2,144, Ethereum is showcasing its resilience by pushing past the $2,250 mark. What's on the horizon? We're targeting key levels at $2,586, $2,918, and an ambitious $3,273. The timeline for these milestones? The end of March holds promise. Our unwavering focus on Ethereum continues to pay off, considering our strategic re-entry at the $895 level, juxtaposed against our previous short position at the all-time high near $4,000. This analytical journey is not just about the numbers but a testament to the fortitude of Ethereum amidst market fluctuations. With each support and resistance level conquered, Ethereum is carving a path towards new potential peaks. As the market ebbs and flows, remember that each level surpassed is a step closer to our goal. Stay vigilant, align your trades with these technical insights, and be prepared for a dynamic end to March. One Love, The FXPROFESSOR 💙 Stay updated with the latest Ethereum trends and analysis
BITSTAMP:ETHUSDLong
by FX_Professor
2
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the ETH 1-day update. the price has been rallying after rebounding from the 2,200 support level a month ago. Both the 2,400 and 2,700 resistance levels have been broken with ease, and the price has also pushed above the large ascending channel. The 3,000 resistance level is currently being tested, and the market is failing to climb higher. ETH’s price might decline toward the 2,700 level in case a correction occurs before breaking higher. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
Ethereum: Rally or Trap? ❌Like other cryptocurrencies, Ethereum has recently experienced a sharp increase that exceeded our expectations, prompting us to reassess our initial scenario. Initially, we anticipated another correction downwards to complete our premiere scenario. Upon reevaluation of the daily chart, it appears we might be in the overarching blue Wave (3). However, a closer look suggests we've completed the Wave ((i)) and are now facing an ABC correction towards a Wave ((ii)). This assessment is based on the clear structure observed. The 2-hour chart does not indicate a discernible Wave 2 thus far. Therefore, we presume we're in the correction phase of Wave ((ii)), as long as the $3,000 mark isn't surpassed. Breaking this threshold would necessitate a reevaluation of our scenario, though this is deemed unlikely until the expected correction occurs. Following this correction, we anticipate that the subordinate Wave 3 of the overarching Wave (3) will reach the $3,580 level. Subsequently, the price should aim for our target range of $4,300 to $5,000. In summary, as long as we do not exceed the 138% level, namely the $3,000 mark, on the 2-hour chart, we expect a five-part wave structure downward leading to a Wave C/Wave 2.
CRYPTO:ETHUSDLong
by stromm_by_wmc
1
ETH Upside Potential in the Next 3D & 1W, $3K & Up? Galaxy Digital acquired 26,000 Ethers on Tuesday, worth around $76 million at today’s price, on-chain data from Lookonchain shows. This pushed the price of Ether above the $3,000 threshold for the first time since April 2022, before falling back. “$3,000 for Ethereum. To be honest, it’s still undervalued to #Bitcoin. Given the valuation of Bitcoin at $52,000, it would be normal to have a valuation of $3,800 per $ETH. The upside is gigantic,” said the CEO of MN Trading Michaël van de Poppe. “The Ethereum rally is supported by the March Dencun upgrade but, more importantly, by the expectation that a) the Bitcoin halving is bullish for crypto and b) that Ethereum ETFs will be approved by the SEC” in May, the Head of Research at 10x Research, Markus Thielen, said in a research note. Ether rose 0.5 percent to $2,943 over the past 24 hours. A bullish sun shines over both Bitcoin and Ether over the course of the next 3 days and week, indicating upside potential. Binance Coin and Dogecoin should also profit from this bullish trend, ATTMO shows. Follow us for more crypto weather reports!
BITSTAMP:ETHUSD
by ATTMO
ETDUSD (W) is poised to approach the $30K in the near futureBINANCE:ETHUSD ETDUSD (W) is poised to approach the $30K in the near future ETDUSD (W) is poised to approach the $30K price threshold in the near future. The distinct bullish response within Fibonacci extension zone 1 ( GETTEX:29K -$32K) is evident. However, the sudden surge in price has activated a cautionary signal from the RSI indicator, suggesting a potential correction. RSI divergence has materialized, prompting a corrective response in the recent period. The recent uptrend lacks substantial volume, particularly observed within a candle featuring a prominent upper wick. Therefore, for holders of this digital currency, a prudent strategy involves establishing a secure stop-loss level to preserve existing profits and setting a take-profit target within the GETTEX:29K -$30K price range. For those observing from the sidelines, exercise caution, refrain from succumbing to FOMO during this period, and await signals from the impending correction.
BINANCE:ETHUSDLong
by VNSmartMoney
4
ETHUSDMost likely, such a strong growth occurred against the backdrop of news about ETFs on Ethereum. The deadline for approval of Ethereum ETF applications is May 24. For further growth, you need to break through the resistance at $2,732 and consolidate above this level. Targets in case of further growth are marked with blue lines. As in the case of Bitcoin, we do not buy Ethereum yet, because it is dangerous. Also keep in mind that there is quite a lot of liquidity in the $1870 zone. Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
BITSTAMP:ETHUSD
by Andrey_Crypto
1
ETH Macro Ready For Another Rip?This is a weekly chart for Ethereum and currently showing so bullish signs for a continuation to the upside on the high time frames. Current confluence for a continuation is price is retesting the top side of the 200 EMA, taken liquidity below the last low, retesting a long running trend line since the bottom, weekly wave trend is about to cross to the upside, and money flow is rising. Given the environment it only seems reasonable price would respond positively but there is certainly a potential that price brakes below the trend line and if this were to occur it would be a clear indication we need to head back to the short side for a serious bear market. IF IF IF the market is going to hold and push up this would be the place. Current Trading Plan: Stop loss is only in the 5% range below the current lows Target 1 will be the 61.8 retrace level from swing high to low approximately 60% higher at 2075. Target 2 will be just below the next major unbroken high and the 78.6 retrace level approximately 100% higher at 3375. Trade Well..... If you want to import this chart into your trading view just hit the share button and select make it mine to make it editable in your account.
INDEX:ETHUSDLong
by Degen-Dynasty
A Bitcoin Bull Run?CME: Micro BTC Futures ( CME:MBT1! ), Micro ETH Futures ( CME:MET1! ) This Monday, bitcoin jumped above $49,000 for the first time in a year, and quickly extended its gains and broke through the $50,000 level. By Wednesday, bitcoin shot up again, pushing above $52,000 in morning session. In the past few months, the benchmark cryptocurrency has experienced a “Buying the Rumor and Selling the News” phenomenon. In anticipation of the SEC approval of spot bitcoin ETFs, bitcoin nearly doubled in a matter of just three months, rising from $24,830 in early September to $48,960 in mid-January. On January 15th, when the SEC finally approved the listing of 11 bitcoin ETFs, a huge selloff followed. Bitcoin had gained 156% in 2023 and rose 16% further in January. Instead of riding higher with the good news, investors chose to sell and book profits. Bitcoin tumbled 21% from its recent peak and touched $38,530 on January 24th. My recent trade idea, “BTC: Buy the Rumor and Sell the News”, observed three such occurrences in bitcoin’s brief history. After the dust was settled, cyclical volatility gave way to secular growth. Economic fundamentals are at work here: when it comes to Bitcoin, there is finite supply and a growing demand. At the daily high of $52,079 on Wednesday, bitcoin has already bounced back 35% within a month. Cathie Wood, whose ARK 21Shares Bitcoin ETF is among the 11 approved ETFs, predicted that Bitcoin prices would reach $600K by 2030. While this lofty price level may sound far-fetched now, I think it is entirely plausible for bitcoin to revisit its all-time-high of $68,982.20. It would not surprise me to see a new all-time high (ATH) record in the next few months. Key Drivers for Bitcoin’s Long-term Rise In my opinion, a secular long-term bull market for cryptocurrencies has already emerged. The case for rising bitcoin prices is supported by solid fundamental strength: Firstly, there is a limited supply of bitcoins with a total cap of 21 million. Currently, around 19 million bitcoins have been mined and are in circulation, leaving approximately 2 million left to be mined. This makes bitcoin superior to fiat currencies, whose supply could be increased by central banks, with or without limits. Secondly, the demand for crypto investment could increase substantially. With bitcoin now a SEC-regulated investment asset, the biggest hurdle for participation has been removed. Investors may now buy spot bitcoin, bitcoin futures, bitcoin options, and bitcoin ETFs from their brokerage accounts and trade on regulated US Exchanges. Outstanding performance of both Bitcoin and Ethereum could speed up the asset rotation. Thirdly, an excessive dollar supply could help raise bitcoin prices. This is an important point and deserves a thorough explanation. The US Federal Government is currently running a budget deficit to the tune of $1.5-2.0 trillion a year. By borrowing, it is injecting vast amounts of new dollars into the financial system. In boom time, these dollars will flow to businesses and households in the forms of new investment and new consumption. However, as the economy slows down and the cost of borrowing remains high, they are reluctant to incur more debt. Commercial banks are left holding excessive cash in their books. Facing reduced loan interest income, they would seek to boost investment returns. As conservative investors, banks typically put money in Treasury bonds, high-grade corporate bonds, and Blue-Chip stocks. Now that Bitcoin is sanctioned by the SEC, banks could legally invest in the spot ETFs offered by top-rated asset managers. Although the bank purchases bitcoin indirectly through an ETF, it would pass through to spot bitcoin. With the sheer size of bank assets, a small percentage of asset allocation could increase bitcoin demand substantially. Trading with Micro BTC and ETH Futures In my opinion, both Bitcoin and Ethereum are set up for a long-term marathon bull run. Just like commercial banks, individual investors could consider adding Bitcoin and Ethereum (or the spot ETFs) to their long-term investment portfolio. Speculative traders share my view. “Leveraged Funds” had total long positions of 7,120 on bitcoin futures, vs. 3,147 short positions, in the week of February 6th, according to the Commitment of Trader (COT) report published by the U.S. Commodity Futures Trading Commission (CFTC). The 2.3-to-1 long/short ratio indicates bullish sentiment. There is a problem: with bitcoin already tripling in prices, the price increases going forward do not offer the same level of return dollar-for-dollar. Hypothetically, if bitcoin rises to SWB:69K from GETTEX:52K , the $17,000 gain would equal to 33% in return. If you bought bitcoin for $17K in December 2022, the same dollar gain would be 100% in return. To counter the effect of higher prices, investors could consider using leverage. CME Micro BTC futures ( PSE:MBT ) provide leverage and capital efficiency. The contract notional is 1/10 of 1 BTC. Initial margin is $980. The June contract (MBTM4) was last quoted at $53,575. At current price there is a 5.5 times leverage built in the contract, which is the ratio of 5,357.5 (1/10 of 1 BTC) divided by 980. If the futures price touches the previous ATH at approximately $69,000, a long futures position would gain $1,542 (= 6900-5358), and the return would be a 157% return, using the $980 margin as a cost base. For a comparison, investing in 1/10 of a spot bitcoin or bitcoin ETF would gain $1,700 (= 6900-5200), but the return would be 33% only (= 1700/5200), without the leverage. Similarly, CME Micro Ether futures ( NYSE:MET ) also provide leverage and capital efficiency. The contract notional is 1/10 of 1 ETH. Initial margin is $62. The April contract (METJ4) was last quoted at $2,802. At the current price there is a 4.5 times leverage built in the contract, which is the ratio of 280 (1/10 of 1 ETH) divided by 62. If the futures price touches 3,500, a long futures position would gain $70 (= 350-280), and the return would be a 113% return, using the $62 margin as a cost base. For a comparison, investing in 1/10 of a spot Ethereum would gain $75 (= 350-275), but the return would be 27% only (= 86/267), without the leverage. Happy Trading. Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME:MBT1!Long
by JimHuangChicago
2
ETH - Recurring Wyckoff "Jumping The Creek"CRYPTOCAP:ETH This patten has unfolded consistently, multiple times, across ETH and many other ERC-20 pairs. It's a simple Wyckoff accumulation/reaccumulation schematic, sweeping liquidity then double bottoming, followed by a flag at the DB neckline (w/volume) then breaking higher. The best part of watching this unfold is from a macro bottom into the expansion phase clearly illustrates the lessening amount of resistance PA has to grind through and the angle of acceleration once it breaks. This is where people get left behind, this phase illustrates the exponential nature of what this space is. It's beautiful IMO 🥹
INDEX:ETHUSDLong
by ANobleNerd
#ETH: UPDATE Ethereum is currently encountering a crucial price range between $2370 and $2400, with the lower trendline of this range serving as a formidable resistance. Presently, Ethereum is experiencing rejection at this level, indicating a significant challenge for bullish momentum. For the bulls to gain control and initiate an upward trend, it is essential for Ethereum's price to break through the resistance presented by the $2370 to $2400 range. If successful, this could signal a positive shift in market sentiment. However, should the prevailing bearish pressure persist, there is a likelihood that Ethereum may face rejection and decline towards the lower support level. Traders and investors are advised to stay informed and monitor the market closely for updates on the evolving situation. I will provide further updates as the scenario unfolds.
by CRYPTOMOJO_TA
3
ETH Bullish Forecast 🌞 - Upside Potential Over the Next WeekThe Securities and Exchange Commission (SEC) has, as expected, delayed its decision of Invesco’s and Galaxy’s applications for spot Ether exchange traded funds (ETFs). “The only date that matters for spot #ethereum ETFs at this time is May 23rd. Which is @vaneck_us's final deadline date,” noted Bloomberg’s ETF analyst James Seyffart. The price of Ether rose 2 percent to 2,368 dollars over the past 24 hours. Trading conditions will be mixed on the global crypto market in the next 24 hours, with Bitcoin, Ripple’s XRP, Cardano and Avalanche facing bearish clouds and downside risks according to ATTMO. As for Ether, Litecoin, Binance Coin and Dogecoin, they should all profit from a bullish sun and upside potential. Over a one-week horizon, this bullish sun will shine over Bitcoin, Ethereum and Chainlink, while the other altcoins covered by ATTMO are set to face bearish clouds. Follow us for more crypto weather reports!
BITSTAMP:ETHUSD
by ATTMO