CRYPTOCAP:ETH has been hovering around Major Resistance for some time and it has certainly held well.
There's a tiny downtrend but this can easily be broken today & on HEAVY VOLUME.
#ETH RSI & $ Flow are looking petty good, not bad at all.
1st target called long ago was 2300.
Next target is the Gap fill and that sits around 25-2600.
Then the final target...
I am leaning more toward the idea that it is a bearish consolidation because we just closed the gap. Since things are likely more apparent with ETH, we can correlate it to Bitcoin when bullish ETF hype is still kicking.
ETH I will be a buyer at 1700K$ levels
Right now, my position with ETH and BTC is derisked.
Battle happening with CRYPTOCAP:ETH at the moment.
#ETH pumps but it cannot hold them.
CRYPTOCAP:ETH is really struggling @ major resistance.
Recently it did break the uptrend and bounced back above.
As of now it's under it again and in the middle of an intraday downtrend.
#ETH RSI & $ FLOW peaked in mid November & have formed negative divergence since then...
I'm not sure about what the first quarter of the year will bring, but I would like to see a bullish response towards the weekly gap. If I'm correct, we are in the 2nd re-accumulation stage of a Market Maker model on the 1D timeframe, so the price should make a strong upward move. In case the idea is invalidated, I'll be looking at the sell-side liquidity below...
CRYPTOCAP:ETH is breaking down at the moment.
Currently, it is testing the Green Moving Avg support area.
#ETH has NOT traded under the Green average since Oct 23.
RSI doesn't look very good but it also looked strong before & didn't pump much. So it may weaken but reverse. We'll see.
Weekly does show hope HOWEVER, #Ethereum may get a lil ugly before it gets better.
In my opinion we fill all these gaps before we go up.
Make sure you have enough cash to buy Eth at 1100 USD.
Do not get trapped in the market's sentiment.
Buy the fear sell the greed.
Cheers
Ethereum futures (ETH) have showcased robust performance this year, marking an impressive gain of over 80% year-to-date, albeit trailing behind Bitcoin (BTC) with its remarkable surge of over 130%. However, this lag may present a compelling opportunity for ETH as a catch-up trade.
In the realm of cryptocurrency fundamentals, Ethereum distinguishes itself with a...
CRYPTOCAP:ETH on the other hand has the LOWEST amount of shorts in a LONG TIME!!!
Daily it looks like $BTC. At least in the sense that it wants to push a little bit higher.
#ETH targets are in the 2500-2600 & 3k area.
IF #ethereum can break above the Major Resistance right above, 2300ish area, it's off to the races!!
#crypto
CME: Micro ETH Futures ( CME:MET1! ), Micro BTC Futures ( CME:MBT1! )
On March 29th, I published this trade idea: “Crypto Staged a Strong Comeback in Q1.” At the time, bitcoin was quoted $28,348, up $11,800 or +71.3% year-to-date. The main driver was flight-to-safety when a series of US bank failures shocked the financial markets.
On July 17th, I published a...
In this update we review the recent price action in the Ethereum futures contract and identify the next high probability trading opportunity and price objectives to target
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
Eth is now trending in a new range. This range is created from the 2 CME gaps.
An extreme PvP market. All later positions get squeezed out by 5 to 10% rips and dips.
Retail trading volume is low compared to last 2 years.
Low liquidity means more hunting for exchanges.
In this update we review the recent price action in ETHUSD and identify the next high probability trading opportunity and price objectives to target
•Past performance not indicative of future results
Vitalik Buterin, co-founder of Ethereum, said in the Twitter space that Ordinals marks the return of the builder culture. The Ordinals are bringing back a culture of actually doing things, and it feels like the Retineye movement is really hindered, which is good. Buterin also praised Ordinals and the BRC-20 token standard, which he sees as a rejection of stagnant...
Abstract accounts, also known as "smart accounts," could eventually move 1 billion users in the Asian region to Web3, according to an executive at ethereum software solutions provider ConsenSys. Laura Shi, director of strategic initiatives at ConsenSys, said that the Ethereum and Web3 ecosystems have seen strong expansion in Asia this year. More dApps are...
