Hi folk,
I'm trying to help you to develop your point of view with both technical and fundamental data regarding Ethereum (Little King of da ALTS) ๐๐
๐It took 221 days to find the bottom with approximately %80 down from the top.
๐When we look at Fib Retracement Levels --> We are still in the bottom zone. I've consciously chosen the term "ZONE".
๐Let's use and check both Fib Ret. and FRVP together. We see that FRVP POC level is 1580 (pivot). What is more, FRVP VAH level is 1867, which is a strong resistance now (almost the same Fib resistance level).
๐They say "Simplicity is the BEST" . When we only look at Fib levels and focus on 0,5 level, long-term PIVOT, we can simply say that ETH will have a new story right after reclaiming this pivot (2395).
Bonus Chart 1: ETHUSDT 1D Log Chart with Fibbonacci Levels
๐ETH is facing extra-strong Resistance. It will take time... Sooner or later we'll experience a strong price action.
Bonus Chart 2: ETHUSDT 1D Chart with RSI Negative Divergence
๐We can simply summarize that below 50 points (RSI) is bearish. Weekly closing is important for the short term.
Bonus Chart 3: BTC/ETH 1D Chart
๐The bearish trend has been finally broken. The parity is stable now.
๐Below 15 --> Bearish for ETH
๐Above 20 --> Bullish for ETH
Bonus Chart 4: RSI, AO+MACD COMBO, MA(50, 100, 200)
๐All in one! AO+MACD and RSI say they are selling!
๐MA50 is now a resistance.
๐MA100 is support, MA200 super strong support (below this super bearish).
Bonus Chart 5: ETH Locked Ballance
๐Recently, the total amount of ETH that is locked out of circulation hit a new all-time high at 19,375,242 ETH!
๐Overall, this is a positive sign for the Ethereum network as more and more ETH is being locked away, showing ETH holders' confidence and long-term commitment.
Bonus Chart 6: ETH Unique Adresses
๐1 year ago (within the frame of the deep and bottom bearish cycle) there were around 180M unique ETH addresses. On the other hand, ETH has more than 230M unique addresses, which sounds bullish.
Bonus Chart 7: ETH Supply Growth Chart
๐ETH is no longer inflationist, yet it is deflationist!
If you have read it from top to bottom, I'm pretty sure you loved it! Do not forget to hit the like button! Believe preparing all this data took hours! Thanks for reading mate! See you in the next one!
๐๐๐๐ป๐๐ป
I'm trying to help you to develop your point of view with both technical and fundamental data regarding Ethereum (Little King of da ALTS) ๐๐
๐It took 221 days to find the bottom with approximately %80 down from the top.
๐When we look at Fib Retracement Levels --> We are still in the bottom zone. I've consciously chosen the term "ZONE".
๐Let's use and check both Fib Ret. and FRVP together. We see that FRVP POC level is 1580 (pivot). What is more, FRVP VAH level is 1867, which is a strong resistance now (almost the same Fib resistance level).
๐They say "Simplicity is the BEST" . When we only look at Fib levels and focus on 0,5 level, long-term PIVOT, we can simply say that ETH will have a new story right after reclaiming this pivot (2395).
Bonus Chart 1: ETHUSDT 1D Log Chart with Fibbonacci Levels
๐ETH is facing extra-strong Resistance. It will take time... Sooner or later we'll experience a strong price action.
Bonus Chart 2: ETHUSDT 1D Chart with RSI Negative Divergence
๐We can simply summarize that below 50 points (RSI) is bearish. Weekly closing is important for the short term.
Bonus Chart 3: BTC/ETH 1D Chart
๐The bearish trend has been finally broken. The parity is stable now.
๐Below 15 --> Bearish for ETH
๐Above 20 --> Bullish for ETH
Bonus Chart 4: RSI, AO+MACD COMBO, MA(50, 100, 200)
๐All in one! AO+MACD and RSI say they are selling!
๐MA50 is now a resistance.
๐MA100 is support, MA200 super strong support (below this super bearish).
Bonus Chart 5: ETH Locked Ballance
๐Recently, the total amount of ETH that is locked out of circulation hit a new all-time high at 19,375,242 ETH!
๐Overall, this is a positive sign for the Ethereum network as more and more ETH is being locked away, showing ETH holders' confidence and long-term commitment.
Bonus Chart 6: ETH Unique Adresses
๐1 year ago (within the frame of the deep and bottom bearish cycle) there were around 180M unique ETH addresses. On the other hand, ETH has more than 230M unique addresses, which sounds bullish.
Bonus Chart 7: ETH Supply Growth Chart
๐ETH is no longer inflationist, yet it is deflationist!
If you have read it from top to bottom, I'm pretty sure you loved it! Do not forget to hit the like button! Believe preparing all this data took hours! Thanks for reading mate! See you in the next one!
๐๐๐๐ป๐๐ป
Kripto iลlemlerimi Gate.io รผzerinden yapฤฑyorum.
ฤฐndirimli referans: www.gate.io/signup/U1BDA1AN?ref_type=103
On-Chain metrikler iรงin: app.intotheblock.com/
ฤฐndirimli referans: www.gate.io/signup/U1BDA1AN?ref_type=103
On-Chain metrikler iรงin: app.intotheblock.com/