Get started

Ethereumforecast

Ethereum's Price Surge and the Path Ahead Ethereum ( CRYPTOCAP:ETH ) has emerged as a resilient force, defying broader market trends with a nearly 2% gain in the past 24 hours. The surge in Ether's price, currently hovering around $2,651, is notable against the backdrop of sharp pullbacks experienced by major tokens, including Bitcoin. This positive momentum comes on the heels of the Securities and Exchange Commission's (SEC) recent approval of multiple spot Bitcoin exchange-traded funds (ETFs), signaling potential optimism for Ethereum's future. Ether's Impressive Rally: Since the SEC's approval of spot Bitcoin ETFs, Ethereum has rallied above the $2,600 mark, capturing the attention of market participants. This price surge has propelled the supply of Ether in profit to a multi-year high, currently standing at an impressive 89.4%, a level not seen since 2021. While this statistic may evoke optimism, on-chain analysis suggests potential short-term price correction risks that could impact the second-largest digital asset by market cap. Short-Term Correction Risks: Despite the bullish sentiment, concerns arise as The Block's Data Dashboard highlights the elevated circulating supply of Ether in profit. The question looms: Could this heightened supply encourage traders to take profits, triggering a short-term correction in the digital asset's price? Analysts warn of a cautious approach, emphasizing the need to monitor market dynamics closely. The SEC Effect and Speculation: The recent SEC approval of spot Bitcoin ETFs has fueled speculation regarding a potential spot Ether ETF in the near future. André Dragosch, Head of Research at CRYPTOCAP:ETC Group, points to this development as a bullish catalyst for Ethereum. The prospect of an Ether ETF could attract institutional interest and further legitimize the digital asset, potentially paving the way for sustained upward momentum. Stabilizing Factors and Long-Term Outlook: Despite the short-term correction risks, Dragosch contends that the current high in Ether's circulating supply in profit could act as a stabilizing factor for the token. The reduced incentive to sell among longer-term holders may counterbalance potential profit-taking by weaker hands. This stabilization, in turn, could provide support for Ethereum's ongoing bull market, presenting a nuanced picture for investors to consider. Conclusion: As Ethereum continues to navigate the dynamic cryptocurrency landscape, its recent price surge and the accompanying supply dynamics present a complex but intriguing scenario. The SEC's actions and the potential for an Ether ETF add layers to the narrative, shaping Ethereum's future trajectory. While short-term correction risks exist, the stabilizing factors suggest resilience in the market. Investors and enthusiasts alike must stay vigilant, recognizing both the challenges and opportunities inherent in Ethereum's evolving journey.
BINANCE:ETHUSDLong
by DEXWireNews
Ethereum Price to Cross $3k After Bitcoin ETF Approval? Ethereum ( CRYPTOCAP:ETH ) has seen a remarkable surge in price, briefly breaking past the $2,400 mark today January 10th, 2023 with a notable 10% gain within the weekly timeframe. The rally comes amidst heightened anticipation for a positive Bitcoin ETF approval, despite recent controversies surrounding a false announcement by the U.S. Securities and Exchange Commission (SEC). Let's delve into the dynamics of Ethereum's recent price performance, comparing it to Bitcoin, and explores the potential for CRYPTOCAP:ETH to reach $3,000 post-BTC ETF approval. Ethereum's Resilient Uptrend: Despite the crypto market's widespread volatility on January 9, triggered by the SEC's false announcement on Bitcoin ETF approval, Ethereum's price has exhibited a steadfast uptrend. Trading as high as $2,440 on January 10, Ethereum's 11% price growth between January 7 and January 10 outpaced Bitcoin's 4%. This trend has sparked interest among crypto derivatives traders, who are increasingly betting bigger on CRYPTOCAP:ETH compared to BTC. Derivative Market Metrics: One key metric indicating Ethereum's potential for further gains is the funding rate. As of January 10, CRYPTOCAP:ETH boasts a funding rate of 0.014%, marginally exceeding BTC's 0.12%. A higher positive funding rate for Ethereum suggests increased demand for long positions in the CRYPTOCAP:ETH derivatives market, reflecting a more optimistic sentiment among traders. Open Interest Dynamics: Further supporting the bullish outlook for Ethereum, open interest dynamics reveal a significant divergence between CRYPTOCAP:ETH and BTC. ETH's open interest has surged by 14.6% from $3.71 billion on January 7 to $4.57 billion on January 10, outpacing Bitcoin's more modest 5% boost from $6.4 billion to $7.3 billion. This suggests that new entrants are bringing fresh capital to Ethereum, reinforcing the notion that traders anticipate larger price gains in the days ahead. Conclusion: In conclusion, Ethereum's recent surge past $2,400, fueled by strong derivative market metrics and open interest dynamics, paints a bullish picture for the cryptocurrency. As the market eagerly awaits the Bitcoin ETF verdict, CRYPTOCAP:ETH 's resilience and the optimism of derivative traders suggest a potential breakout above $2,500, reaching levels not seen since May 2022. However, investors should remain cautious of potential resistance levels and profit-taking behaviors as ETH aims to reclaim the $3,000 territory.
BINANCE:ETHUSDLong
by DEXWireNews
Ethereum - Bullrun StartedHello Traders, welcome to today's analysis of Ethereum. -------- Explanation of my video analysis: In March of 2017 Ethereum created its first valid breakout followed by a +7.000% rally and a -90% correction thereafter. A couple of months ago Ethereum perfectly retested the previous 2018 high and I am just targeting new all time highs from here. If we get a retracement back to the structure level which I mentioned in the video, I will probably even add to my long position. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
BITSTAMP:ETHUSD
by basictradingtv
1
ETH Slightly Bearish 24-Hours, More ☁️ & 📉 Next Week? A bullish sun 🌞 shines over Bitcoin in the next 24 hours, heralding the impending decision by the US regulator on spot Bitcoin exchange-traded funds (ETFs). Cardano, Avalanche, and Dogecoin bask in the sunny forecast ☀️, as ATTMO reveals. Meanwhile, Ether, Ripple’s XRP, and Binance Coin encounter bearish clouds ☁️, signaling potential downside risks. Over a one-week horizon, these bearish clouds ☁️ will sweep over the entire crypto sphere, hinting at looming downward pressure on Bitcoin. 📉 Follow us and stay weather-aware with ATTMO's insights!
BITSTAMP:ETHUSD
by ATTMO
ETH → Ethereum Triple Top Calling for Short Trade? Let's Answer.ETH's price action has been caught in a trading range since its bull run to $2,400 on December 9th. We've now registered three failed attempts to break that $2,400 resistance, is it time to short? How do we trade this? 🤔 We can justify a small position short scalp with the current analysis at a 1:1 Risk/Reward Ratio. The justification is the triple top after three pushes up in a bull trend, two strong sell-offs since the $2,400, and the lack of bull momentum at the Daily 30EMA. This position still carries a fair level of risk, so I would not use your maximum position size based on the initial risk. Rather, as more price action unfolds and provides us with more justification for bearish bias, we can add to our trade with additional entries. 💡 Trade Idea 💡 Short Entry: $2,225 🟥 Stop Loss: $2,510 ✅ Take Profit: $1,940 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Three Pushes up from Breakout. 2. Three Sell bars after Push #3, Potential Triple Top. 3. Reasonable Short to Daily 200EMA. 4. RSI at 50.00 and below Moving Average, Indecision. 5. Watch Bitcoins Response to Current Price Area. 💰 Trading Tip 💰 The RSI on its own is a weak indicator and should not be used to make trade decisions. However, when coupled with proper price action analysis, it can help orient the current state of the market and supplement your chart bias. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
INDEX:ETHUSDShort
by TraderEngineering
$ETH Whales Propelling the Next Bull Run Ethereum ( CRYPTOCAP:ETH ) has recently emerged as a focal point of attention due to the strategic moves orchestrated by its influential whale community. Over the past month, Ethereum whales have engaged in an intensive accumulation, amassing a staggering 410,000 CRYPTOCAP:ETH units, valued at approximately $920.7 million. This accumulation not only signifies a significant financial commitment but also hints at potential bullish momentum for Ethereum's price trajectory. Whale-Driven Accumulation: The accumulation, ranging from 1000 to 10,000,000 Ethereum units, has reached its zenith since at least November 24, 2023. Such a substantial influx of capital into Ethereum has the potential to shift the cryptocurrency's price by a notable fraction, offering traders and investors a compelling reason to take note of Ethereum's current market dynamics. Price Reaction and Market Performance: Ethereum's price has experienced a degree of volatility in recent times, reaching a peak above $2,400 on December 9, only to undergo a subsequent bearish correction. At the time of writing, Ethereum is trading at $2,242.80, representing a modest 0.81% increase in the past 24 hours. Despite short-term fluctuations, the ongoing whale accumulation has the potential to reshape Ethereum's growth trajectory, particularly as it exhibits a renewed correlation with Bitcoin. On-Chain Metrics and Transaction Activity: Delving into on-chain metrics, Ethereum's Daily Active Addresses have witnessed a 2.21% increase, reaching 480,990, according to crypto analytics platform IntoTheBlock (ITB). Concurrently, Ethereum whale transactions have surged by 15.83% in the past 24 hours, with a staggering $4.79 billion in trading volume. These metrics point to a heightened level of activity within the Ethereum ecosystem, indicating growing interest and participation. Fundamental Developments: Beyond the whale-driven accumulation, Ethereum is gearing up for significant updates that could further solidify its position in the cryptocurrency landscape. Ethereum co-founder Vitalik Buterin has highlighted the importance of Layer-2 scaling solutions, emphasizing the development of Ethereum Name Service ( NYSE:ENS ) for these solutions. This strategic focus aims to enhance adoption and user-friendliness, potentially opening new avenues for Ethereum's growth. Moreover, Ethereum is on the brink of anticipating a spot ETF product, mirroring the broader market sentiment regarding the potential approval of a spot Bitcoin ETF. The approval of such ETFs could usher in a new era for Ethereum, providing institutional investors with additional avenues to participate in the market. Conclusion: In conclusion, Ethereum's journey into the next bull run appears to be guided by the concerted efforts of its whale community. The accumulation of substantial CRYPTOCAP:ETH units, coupled with positive on-chain metrics and fundamental developments, positions Ethereum as a cryptocurrency to watch in the coming months. As the cryptocurrency landscape continues to evolve, Ethereum's strategic moves and market dynamics will undoubtedly captivate the attention of traders, investors, and enthusiasts alike.
BINANCE:ETHUSD
by DEXWireNews
Ethereum Poised to Outshine BitcoinEther may outshine Bitcoin in 2024, driven by its deflationary model, tech advancements, and staking yields, despite market challenges. According to research by the ETC Group, Ethereum’s native cryptocurrency, Ether, could outperform Bitcoin in 2024. This forecast by André Dragosch, Head of Research at ETC Group, hinges on significant technological strides made by Ethereum. Dragosch emphasized Ethereum’s evolution as a leading smart contract platform, suggesting it might reverse its recent trend of underperformance relative to Bitcoin. Key Factors Driving Ether’s Growth Several elements contribute to this optimistic outlook for Ether. Firstly, Ethereum’s transition to a deflationary model, initiated by the Ethereum Improvement Proposal EIP-1559 in August 2021, plays a crucial role. This mechanism effectively reduces Ether’s overall supply. Moreover, the appealing yields from ETH staking further enhance its attractiveness to investors. These dynamics collectively indicate a potential uptick in Ether’s value in the forthcoming year. However, contrasting viewpoints exist. David Schwed, COO at Holborn, suggests that Bitcoin might maintain its dominance due to its established role and perceived stability. This underscores the diverse opinions within the cryptocurrency market, highlighting the unpredictable nature of these digital assets. Historical Patterns and Future Expectations Further supporting the potential rise, Dragosch notes a historical tendency for Ether’s performance relative to Bitcoin to ‘mean revert.’ He suggests that Ether return to its average performance against Bitcoin. Despite these optimistic projections, Ethereum faces its own set of challenges. Moreover, transaction revenues on the network have significantly declined, potentially impacting Ether’s price positively. These mixed signals in the market dynamics illustrate the complex interplay of factors influencing cryptocurrency values. Consequently, as the digital currency landscape evolves, Ether’s journey in 2024 will be closely watched by investors and analysts alike. With its technological advancements and unique economic model, it presents an interesting case for potential growth in the coming year, even as it navigates the challenges inherent in the cryptocurrency market.
BINANCE:ETHUSDLong
by DEXWireNews
Will Ethereum ($ETH) Continue Its Upward Trajectory The CRYPTOCAP:ETH chart closely resembles that of $BTC. The asset is trading sideways between the support zone of $2,217-$2,236 and the resistance zone of $2,286-$2,307. For Ethereum, continuing the global upward trajectory and achieving new highs is the priority. If buyers break through the current resistance range, the next set of seller orders is likely to be encountered in the zone of $2,325-$2,342. Beyond these levels, a stronger sellers' level at $2,361 awaits, and securing above this would mark the end of the local correction. ` Should CRYPTOCAP:ETH face further corrective decline, it could reach new local lows at $2,201 and $2,164. A deeper correction is plausible if CRYPTOCAP:BTC continues its downward trend.
BINANCE:ETHUSDLong
by DEXWireNews
ETH → Blast to $2,500 then fall to $1,800? Reversal Time Near?Ethereum is far into its bull run from $1,100 to $2,300; with three pushes up and a Weekly RSI near the 70.00 level, and we're near a resistance level. Three initial conditions for a trend change. How do we trade this? 🤔 These conditions are great indicators that we're near the end of the current bull trend, but we don't yet have any confirmation that we're done. We're still in the bull channel, price is above the 30EMA and we're above the Support Zone. We need a break below the Support Zone with a strong bear bar closing on or near its low and the RSI to remain below the moving average. There is a strong possibility that ETH has enough momentum left to hit $2,500, especially if Bitcoin finishes its Measured Move to $46,000 and takes the rest of the crypto market with it. Until either scenario presents itself, we should remain on the sidelines and watch the price action unfold. 💡 Trade Ideas 💡 Short Entry: $2,080.00 🟥 Stop Loss: $2,210.00 ✅ Take Profit: $1,820.00 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Trend, Bias to Long. 2. Price Remains Above Daily 30EMA 3. Crucial Moment on the Chart. Remain on Sidelines. 4. RSI at 56.00 and below Moving Average, Bias to Short. 5. Reasonable to Short with Confirmation below $2,200. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
INDEX:ETHUSDShort
by TraderEngineering
Ethereum Update: Onward and Upward!Ethereum continues bottom formation, firmly entrenched within a channel spanning $1500 to $2000. The momentous breakthrough of the $2000 mark will likely accelerate its pace further. Key Levels: Watch out for the critical support level at $1688. Presently, a bullish flag pattern has emerged on the daily timeframe, following a breakout from a symmetrical triangle. The modest flagpole of this pattern offers a glimpse into the potential post-breakout trajectory. My estimation? A surge to at least the $2200-2300 zone. Risk Management: Safeguarding your trades within low-risk confines is paramount. I recommend setting a stop loss around the latest support level at $1489 to protect your capital.
Long
by ArShevelev
2
Ethereum Set to Outshine Bitcoin, Says JP MorganIn a recently released financial outlook for 2024, JP Morgan, a global leader in financial services, has presented a cautious stance on the cryptocurrency industry. Despite the approaching Bitcoin halving event, the bank anticipates Ethereum (ETH) outperforming Bitcoin (BTC) in the coming year. This forecast emerges amidst heightened anticipation and speculation within the crypto market. Ethereum’s EIP-4844 Could Eclipse Bitcoin’s Growth JP Morgan’s analysis suggests Ethereum could see more significant growth than Bitcoin in 2024. The bank points to Ethereum’s upcoming EIP-4844 update, also known as “Proto-dank sharding,” as a potential catalyst for its performance. This upgrade is expected to enhance Ethereum’s network efficiency and scalability, giving it an edge in the market. Contrastingly, Bitcoin’s much-anticipated halving event, which traditionally has been a bullish signal for the cryptocurrency, is considered by JP Morgan to be already factored into its current price. The halving, which reduces the reward for mining new Bitcoins, is expected to increase production costs and potentially lead to a 20% decline in the hash rate. According to JP Morgan, this could result in higher operating costs for miners and drive less efficient miners out of the market. Ethereum Favored Over Bitcoin in JP Morgan’s Outlook One of the central themes in JP Morgan’s report is the notion of “excessive optimism” surrounding Bitcoin. As per the bank’s analysts, this optimism has led to the asset being overbought in a market that has preemptively priced in the effects of the upcoming halving event. The bank further argues that the expectations for capital inflows into Spot Bitcoin ETF products are overstated, potentially setting up the market for disappointment. Regarding mining, the halving event is expected to double production costs based on current hash rates and Bitcoin mining difficulties. This cost increase, combined with a predicted decline in the hash rate, may force miners with excessive operating costs to exit, further impacting the Bitcoin ecosystem. While JP Morgan’s outlook favours Ethereum over Bitcoin in the upcoming year, the bank has not shied away from expressing concerns regarding Ethereum, particularly its centralized staking mechanism. This aspect of Ethereum’s network has raised questions about network security and decentralization, critical factors in any cryptocurrency’s broader acceptance and success.
BINANCE:ETHUSDLong
by DEXWireNews
Ethereum Seems to Closely Mirror Bitcoin's Movements. Ethereum (ETH) ETH surged in recent days, reaching a yearly high of $2,402 on December 9. However, the ETH price also dropped by 8%, testing the low of $2,150, in response to Bitcoin's decline. The current priority is the continuation of this local downward trend. Selling pressure is present within the broad resistance zone of $2,272-$2,315 and at the $2,350 level. If buyers can secure above these areas, ETH's local decline could be offset, leading back to an upward trajectory. Otherwise, the correction could deepen significantly, with sellers potentially retesting the $2,150 level and then aiming for $2,100. Further declines will closely mirror BTC's movements.
BINANCE:ETHUSDShort
by DEXWireNews
ETH → Mad Dash to $2,500? Or Rejected to $1,800? Let's Answer.Ethereum is at a crucial moment in its journey to break the $2,100 resistance area. We're currently in an ascending triangle, a bullish pattern, knocking on the resistance zone door. Will it break through? How do we trade this? If you are not in a trade right now, do not enter one. We should not be longing resistance nor should we be shorting without a sell signal and confirmation. Wait for a break of resistance followed by a test of resistance as support to long. To short, we need a clear sell signal bar and confirmation candle closing on or near its low. Until then, let's see where the price action goes. FOMO (Fear of Missing Out) is your worst enemy. You're making more money by not falling for the seduction of market profit. Trade Idea Long Entry : $2,250 Stop Loss: $2,127.50 Take Profit: $2,495 Risk/Reward Ratio: 1:2 Key Takeaways 1. Ascending Triangle, Bullish Signal! 2. Strong Support on Daily 30EMA. 3. At Resistance Zone, Do Not Long Here! 4. RSI above Moving Average and around 60.00. Bias to Long. 5. Use caution, watch for a reversal signal! You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
INDEX:ETHUSDLong
by TraderEngineering
2
ETHUSD $2361 targetCRYPTOCAP:ETH break down channel up, but failed to break fibonacci support bullish target from this position at $2361.92 If fibonacci failed, we have another support at $2199 classic support And $2100 major support. My opening position : Long : 2234.99 target : 2361.92 Stoploss : 2217 used equity : $16.5 target profit : $70.5 Profit percentage : 706% PnL : 7 Hedging : rebuy1 : 2199 (same target and percentage loss ratio) rebuy2 : 2100 (same target and percentage loss ratio)
Long
by AzrulAzir
1
ETH ETHEREUM Technical Analysis And Trade Idea ETHUSDLately, ETH has displayed a strong bullish trend. This video thoroughly examines and dissects this trend, closely analyzing price movements and identifying potential trade prospects by assessing various scenarios within the weekly and daily timeframes. Anticipate an in-depth exploration of price behaviors, market formations, trend assessments, and critical technical analysis components. It's crucial to emphasize that the content shared is solely for educational purposes and should not be interpreted as financial advice.
BINANCE:ETHUSD
by fxtraderanthony