This is the worst place to be a ETH bear against BTC. Literally we are IN the bottom. #eth #ethereum #crypto #altcoins
Looks like an Wyckoff Accumulation Pattern for me, like out of the Books.
ETHBTC trading: BTC halving vs ETH ETF Amidst the buzz surrounding Bitcoin's halving, Ethereum finds itself at a crucial crossroads, as the Securities and Exchange Commission (SEC) initiates a 21-day comment period for Ethereum ETF applications. A veil of uncertainty remains over the immediate fate of Ethereum ETFs with the potential rejection or approval of...
🔍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.
ETHBTC chart is printing bearish trend and there is no divergence on the RSI
Market Review of BTC, ETH, SOL, UNI, DOT, AVAX, ATOM, CHR BINANCE:BTCUSDT
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
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.
Based of my last 2 previous posts. An interesting scenario, XABCD pattern.
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
BTC/USD & ETH/USD; two pairs were behaving similarly. If this comparison lasts, we`ll soon see a BTC price pump. (Speculative) !