ETH/BTC ratio has broken down in the danger zone⚠️
In previous cycles this usually meant bearish 🐻momentum for ETH/USD price which we can see price drawdowns of up to -75% 📉
Lessons from the past can give us some forward guidance on what to expect 🧭
Ethereum for the next few weeks. In my opinion, the current high has been reached. However, before we enter the next bull run, in my opinion the liquidation zone around 74B will be selected. The exact price will be just below the last low.
Against fundamentals ETH appears to be breaking out its long-term (since JAN 2020) support. This technical implication means that ETH is supposed to underperform within the crypto market for the next few months.
This is only TA. In my opinion, ETH is going to outperform the market.
SOL vs ADA - A Market Cap Risk Comparison
CRYPTOCAP:ETH , CRYPTOCAP:SOL & CRYPTOCAP:ADA can all rise together & one may win out over the other but I think this chart emphasizes the increased potential -92% downside risk in CRYPTOCAP:SOL
CRYPTOCAP:BTC , CRYPTOCAP:ETH & CRYPTOCAP:ADA have c.60% downside to their recent lows by comparison.
This also...
Appears to be on the move
Swiss
Jappy
Gold
Strong also
BTC has not broken swing high did rally last night also but looking a bit weaker right now is in alot of consolidation to the left Triangle pattern which should give projection target higher.
Narrative for coins is still very bullish.
Along with
Nasdaq
Spy
Gold
For people who like to compare eth to alts and money rotation , simple scnerio imo , when eth tops , it will give space for some alts. Level indicated in chart , it could be deviation above range and come back inside imo.
Thank you
As of late, Ethereum (ETH) prices find themselves at a crucial technical juncture, currently supported by a 50% retracement level relative to Bitcoin (BTC). This level gains significance as it represents a pivotal point where the asset's price is anticipated to either rebound or face further downward pressure.
A significant factor impacting the cryptocurrency...
Notice when ETH/ AMC correlation corrects, AMC runs. Currently, RSI, Macd, and price is double topping on Eth/AMC. Again, this is ETH compared to AMC price. not prices overlapping two charts. A run for AMC is due on the charts, but only until we break patter/ trend line will a massive squeeze start.
The BALD contract deployer has withdrawn 8860ETH and 179 million BALD liquidity.
It was reported earlier that the market showed that the BALD project party removed 6809 ETH liquidity, and the currency price fell by 82% instantly
Dollar.eth monitoring shows that Sun Yuchen redeemed 30,000 stETH (approximately US$55.8 million) in 2 wallets, and still holds about 260,000 stETH (approximately US$483.6 million), and is still the largest individual holder of stETH . In addition, Arkham monitoring shows that Justin Sun transferred 23,000 ETH (approximately US$43 million) to the encryption...
