🔍Today, we're analyzing Ethereum/BTC in the weekly timeframe, crucial for understanding Ethereum's position relative to Bitcoin, especially amid the DeFi landscape where Ethereum plays a significant role.
💎Towards the end of 2021, ETH/BTC encountered resistance at 0.08511 and has since been undergoing correction. Upon plotting the Fibonacci retracement, we...
ETH's value is derived from the estimated present value of its future free cash flows,
ETH's flows are based on how busy the network will be in the future, transaction fees..
If fees are high DeFi gets build elsewhere on other chains.
If fees are low, ETH has no future free cash flows > This measn ETH can not succesfully scale for it to be a valuable token.
Follow the Ethereum vs. Bitcoin ETHBTC chart
A support line that has been ongoing since 2016 has been broken
The price must maintain the support of 0.04916 and not close the weekly below it
In the “Alt-coin market preparing for a 10x move” idea (below) it was written:
“A word of warning. The uptrend will not be equal across all alt-tokens”
MATIC, ALGO, LTC to name a few.. as expected not all legacy projects are enjoying the multiple x gains so many in the space have seen.
Ethereum has currently printed a 78% return on the dollar pair since the...
BINANCE:ETHBTC appears to be reaching a cycle bottom. Sentiment is quite sour (and for good reason). But has things really changed? Just seems like a typical decline while Monthly RSI as at the same level as 2019 with very similar timeframes. Total value locked in DeFi is increasing. Volume is picking up while DEFI dominance is steady, i call that bullish divergence.
To further my last post on the fib resistance fan. What I think is an Elliott Wave count, focusing on the end part more so. Looking for an Ending Diagonal breakout about the last wave 4.
Continuous downtrend ETH v BTC.. A probable breakout using speed resistance fan. ETH the underdog at the moment however, strength above 0.75 could be a trend turn. One to keep an eye out in my opinion.
1. ETH/BTC has broken the trend line.
2.BTC halving is approaching => liquidity from ETH and alts is shifting into BTC (as seen in previous cycles as well).
3. Support for ETH/BTC lies in the range 0.35 - 0.405 (the red zone).
4. After a consolidation period in the marked red zone, ETH is most likely to appreciate against BTC.
5. Only then can we talk about an ALTSEASON.
weekly rsi div
oversold asf
eth rotation will be glorious and most hated rally
renewed etf optimism regardless of security ruling
friendtech/base ecosystem explosion
black rock and larry fink and co will shill my bags
top marked by vitalik getting a gf
remilio
Maybe BTC is gonna slow down soon and ETH will finally catch up and bring other alts to new ATH ?
look this is ETH/BTC HTF chart
looks very interesting
just an idea
educational purpose only
nfa
We are considering the movements of the ETH price relative to the BTC price.
On the chart of ETH movement relative to BTC, we can identify a specific range where the support level is at 0.04885 BTC, and the resistance level is at 0.08869 BTC. When the price reaches the support level at 0.04885 BTC, a confident bounce is observed, followed by further growth....
K3 verified a potential support,
It tested a nearest downtrend line.
K3 will likely stand upon H2 or H1.
It stopped the bearish momentum of K2.
It is likely that the horizontal trend here is still preparing to reverse the long term bearish market.
So, I still hold more ETH than BTC.
If the following candles stand upon H0,
It is likely that the bullish market...
This chart is best seen in regular scale rather than logarithmic
ETHBTC have printed a solid pennant or symmetrical triangle and shouldn't take much longer to break up equivalent to BTC once it broke up 20k!!!
Have in mind that this is HTF, Monthly chart in this case and you could be looking into 6 months to 1 year of price developing in these areas, being...
